BMI at a glance
BADGER METER INC (BMI, SEC CIK 9092) filed its latest 10-K annual report on February 17, 2026, a 10-Q quarterly report on July 23, 2026, an 8-K current report on July 22, 2026 and Form 4 insider filings as recently as October 2, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), BADGER METER INC (BMI) reported revenue of $916.7 million (up 10.9% from FY2024) and net income of $141.6 million. Diluted EPS was $4.79.
- As of June 30, 2026, 30 institutional investment managers tracked by SignalX reported holding BADGER METER INC (BMI) shares worth $2.2 billion in 13F-HR filings.
- The most recent insider open-market purchase reported on Form 4 was by Callahan Edward F. on July 30, 2026 of 751 shares at $135.25 per share.
- In the last 90 days, BMI insiders reported 1 open-market purchase ($102K) and 0 open-market sales ($0) on Form 4, a net purchase of $102K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $916.7M
- +10.9% vs prior year
- Insiders · 90 days
- 1 buy · 0 sells
- Net +$102K
- 13F holders
- 30 funds
- $2.2B · −2 vs prior quarter
- Latest 8-K
- Jul 22, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model focused on water measurement and control technologies
- No new products, services, or business segments introduced or emphasized this year
- Continued adherence to corporate governance with emphasis on Code of Conduct for Financial Executives
- Proxy Statement integration for executive compensation and ownership details, no standalone disclosures here
- Disclosure compliance maintained via website postings, but website content not incorporated by reference into 10-K
Risk Factors
- Exposure to U.S. federal funding timing and size impacting municipal water utility customer purchases
- Single supplier dependency for certain castings risking short-term operational disruption despite alternate sources
- Increasing North American competition in static water metering from new entrants lacking brand recognition
- Economic downturns and international conflicts affecting ability of customers to finance product purchases
- Raw material cost volatility (copper, brass, aluminum) influenced by unpredictable supply-demand factors
Management Discussion & Analysis
- Revenue $916.7M in 2025, up 10.9% YoY from $826.6M in 2024; utility water sales up 12.5% to $816.1M
- Operating margin 20.0% vs 19.1% in 2024; gross margin 41.7% vs 39.8%, SEA expenses 21.7% vs 20.7% of sales
- Best segment utility water: $816.1M sales, 12.5% growth; worst segment global flow instrumentation: $100.6M, down 0.5%
- Cash from operations $183.7M in 2025, up from $155.0M; capex $14.0M; dividends $43.5M; $184.0M spent on SmartCover acquisition
- 2026 capex guidance $15-19M; tariff impacts mitigated by price increases and trade agreements; continuing AMI and smart water solutions growth focus
AI summary of the BMI 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Risk Factors
- No material changes from 2025 Form 10-K risk factors disclosed
- Credit agreement amended June 5, 2026, creating updated financing terms
- Share-repurchase authorization expanded to $150 million through November 2028
- $89.7 million remaining under the repurchase program as of June 30, 2026
AI summary of the BMI 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Q2 fiscal 2026 results for quarter ended June 30, 2026
- Press release furnished as Exhibit 99.1 contains the financial results and investor-relevant details
Item EX-99.1: Item EX-99.1
- Q2 sales $222.3M, down 7% YoY but up 10% sequentially as AMI deployments began ramping
- Operating earnings $39.4M, down 12% YoY; margin fell to 17.7% from 18.8%
Item 1.01: Entry into a Material Definitive Agreement
- $150 million multi-currency revolving facility extended to July 8, 2031
- No borrowings outstanding before or after amendment, preserving liquidity capacity
Item 7.01: Regulation FD Disclosure
- Investor Day presentation scheduled for May 21, 2026
- Exhibit 99.1 likely contains management’s strategic, operating, and financial outlook materials
AI summaries of BMI 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for BMI
Don't miss the next BMI filing
- Alerts as it files. A push when BMI files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut BMI, by share count.
- Ask anything. An AI agent that reads every BMI filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Liu Xia | A | Oct 1, 2026 | 153.8 | $123.54 |
| ADAMS TODD A. | A | Oct 1, 2026 | 153.8 | $123.54 |
| Callahan Edward F. | Buy | Jul 30, 2026 | 751 | $135.25 |
| Liu Xia | A | May 1, 2026 | 131.28 | $152.35 |
| TELLOCK GLEN E | A | Apr 27, 2026 | 952 | $122.96 |
| STERN JAMES F | A | Apr 27, 2026 | 952 | $122.96 |
| Brooks Henry F | A | Apr 27, 2026 | 952 | $122.96 |
| McGill James W | A | Apr 27, 2026 | 952 | $122.96 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $826.6M | $916.7M |
| Gross Profit | - | $329.2M | $382.1M |
| Operating Income | - | $157.9M | $183.4M |
| Net Income | - | $124.9M | $141.6M |
| Gross Margin | - | 39.8% | 41.7% |
| Op. Margin | - | 19.1% | 20.0% |
| Net Margin | - | 15.1% | 15.5% |
| Balance Sheet | |||
| Total Assets | $716.9M | $816.4M | $973.6M |
| Equity | $516.5M | $606.2M | $713.3M |
| ROE | - | 20.6% | 19.9% |
| Per Share | |||
| EPS | - | $4.23 | $4.79 |
| Cash Flow | |||
| Operating CF | - | $155.0M | $183.7M |
| CapEx | - | $12.8M | $14.0M |
Source: XBRL data in BADGER METER INC (BMI)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate BMI share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 30 | $2.25B |
| Q1 2026 | 32 | $2.36B |
| Q4 2025 | 29 | $2.65B |
| Q3 2025 | 30 | $2.90B |
| Q2 2025 | 32 | $3.85B |
| Q1 2025 | 26 | $1.93B |
| Q4 2024 | 24 | $1.74B |
| Q3 2024 | 22 | $855.6M |
- Bank of America Corp+167.8K (+57%)
- State Street Corp+126.4K (+8%)
- Morgan Stanley+76.7K (+12%)
- Citigroup+69.0K (+247%)
- Vanguard Portfolio Management LLC+53.2K (+2%)
- Invesco Ltd−272.6K (-35%)
- Goldman Sachs Group−153.0K (-33%)
- BlackRock−59.5K (-1%)
- JPMorgan Chase & Co−41.0K (-9%)
- Ameriprise Financial−24.4K (-34%)
- Allstate+4.2K
- M&T Bank+1.4K
- First Bancorp, Inc /ME/+5
- Renaissance Technologies LLC−199.2K
- Millennium Management−126.1K
- Citadel Advisors LLC−40.0K
- Two Sigma Investments−31.0K
- Blackstone Group−1.5K
Source: 13F-HR filings on SEC EDGAR (aggregated from 225 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
BMI filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Jul 31, 2026 | - | - | - |
| 10-Q | Jul 23, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 22, 2026 | - | Analysis | - |
| 8-K | Jun 11, 2026 | - | Analysis | - |
| 8-K | May 21, 2026 | - | Analysis | |
| SC 13G | May 12, 2026 | - | - | |
| 4 | May 4, 2026 | - | - | - |
| 4 | Apr 29, 2026 | - | - | - |
| 4 | Apr 29, 2026 | - | - | - |
| 4 | Apr 29, 2026 | - | - | - |
| 4 | Apr 29, 2026 | - | - | - |
| 4 | Apr 29, 2026 | - | - | - |
| 4 | Apr 29, 2026 | - | - | - |
| 4 | Apr 29, 2026 | - | - | - |
| 4 | Apr 29, 2026 | - | - | - |
| SC 13G | Apr 29, 2026 | - | - | |
| 8-K | Apr 28, 2026 | - | Analysis | - |
| SC 13G | Apr 28, 2026 | - | - | |
| 4 | Apr 23, 2026 | - | - | - |
| 4 | Apr 23, 2026 | - | - | - |
| 4 | Apr 22, 2026 | - | - | - |
| 4 | Apr 22, 2026 | - | - | - |
| 4 | Apr 22, 2026 | - | - | - |
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BMI SEC filings: frequently asked questions
Are BMI insiders buying or selling?
In the last 90 days, BADGER METER INC (BMI) officers, directors and 10% owners reported 1 open-market purchase worth $101,572 by 1 insider and no open-market sales on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold BMI stock?
As of June 30, 2026, the largest BADGER METER INC (BMI) holders among the 13F filers tracked by SignalX were BlackRock ($725.9 million), Vanguard Portfolio Management LLC ($371.7 million), State Street Corp ($245.0 million), Vanguard Capital Management LLC ($195.5 million), Morgan Stanley ($109.8 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was BMI's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), BADGER METER INC (BMI) reported revenue of $916.7 million (up 10.9% from FY2024) and net income of $141.6 million. Diluted EPS was $4.79. The figures come from the XBRL data in the 10-K.
What are the main risks in BMI's latest 10-K?
In the 10-K filed February 17, 2026, BADGER METER INC (BMI) flagged: Exposure to U.S. federal funding timing and size impacting municipal water utility customer purchases. Single supplier dependency for certain castings risking short-term operational disruption despite alternate sources. (AI summary of the Risk Factors section.)
What did BMI report in its latest 8-K?
BADGER METER INC (BMI) filed an 8-K on July 22, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Q2 fiscal 2026 results for quarter ended June 30, 2026.
What are the latest BMI SEC filings?
BADGER METER INC (BMI) filed its latest 10-K annual report on February 17, 2026, a 10-Q quarterly report on July 23, 2026, an 8-K current report on July 22, 2026 and a Form 4 insider filing on October 2, 2026.
What is BMI's SEC CIK number?
BADGER METER INC (BMI)'s SEC Central Index Key (CIK) is 9092. EDGAR lists every BMI filing under that number.
Ask anything about BMI
The research agent reads BMI's filings, financials, insider trades and 13F holders, then answers with sources.