Short answer
ITRON, INC. (ITRI) filed its Q3 2025 10-Q quarterly report on Oct 30, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $582M (down 5.5% year over year) with net income of $66M.
Q3 2025 key financials · XBRL
- Revenue
- $582M
- −5.5% YoY · −4.1% QoQ
- Net income
- $66M
- −15.8% YoY · −4.0% QoQ
- Operating margin
- 14.1%
- Gross margin
- 37.7%
- EPS (diluted)
- $1.41
- −16.6% YoY · −4.1% QoQ
Source: XBRL data from the ITRON, INC. (ITRI) Q3 2025 10-Q on SEC EDGAR. USD.
ITRON, INC. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- Newly added acquisition risk: Urbint, Inc. merger agreement signed Oct 6, 2025 for $325M cash, expected closing Q4 2025
- Materially updated debt facility: new $750M revolving credit, maturity Sept 25, 2030 with potential acceleration to Apr 15, 2030
- Regulatory/compliance exposure: reliance on U.S. and global IIoT standards and regulations affecting smart meter and infrastructure deployments
- Operational risk: 3Q25 revenue decreased to $581.6M vs $615.5M in 3Q24, impacting near-term performance despite gross margin improving to 37.7%
- Financial risk: $4.3B total backlog as of Sept 2025 down from $4.0B in prior year; twelve-month backlog decreased to $1.5B from $1.7B
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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