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Itron ITRI Service revenues — Total cost of revenues

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Other financials

Income statement

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Revenue$562.9M-7.2%
Gross profit$230.6M+3.1%
Operating income$76.1M-0.5%
Net income$53.3M-22.0%
EPS (diluted)$1.19-19.0%

Balance sheet

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Cash & equivalents$745.2M-39.1%
Total debt$1.6B+25.8%
Total equity$1.6B+0.2%
Total assets$4.0B+10.2%

Cash flow

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Operating cash flow$88.1M-8.9%
CapEx$6.6M+9.8%
Free cash flow$81.5M-10.1%

Valuation

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Market cap$4.5B-21.4%
Enterprise value$5.36B-7.2%
P/E16.4×-4.8×
P/S-0.4×

Profitability

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Gross margin39.9%+4.5pp
Operating margin13.2%+1.4pp
Net margin11.9%+0.8pp
FCF margin16.7%+5.0pp

Returns & leverage

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Return on equity17%-2.0pp
Debt / equity+0.2×
Current ratio2.7×+0.7×

Where this comes from

Reported directly by Itron in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Itron’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 1:43 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000780571-26-000178
In thousands, except per share dataThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Total revenues562,902606,7611,149,8841,213,912
Cost of revenues
Product cost of revenues280,692337,394580,901683,836
Service cost of revenues51,57045,749102,02489,239
Total cost of revenues332,262383,143682,925773,075
Gross profit230,640223,618466,959440,837
Operating expenses
Sales, general and administrative89,72287,615195,079174,526

Item 1: Financial Statements (Unaudited)

FAQ

What is Itron's service revenues — total cost of revenues?
Itron (ITRI) reported service revenues — total cost of revenues of $51.57M in Q2 2026.
How has Itron's service revenues — total cost of revenues changed year-over-year?
Itron's service revenues — total cost of revenues increased by 12.7% year-over-year, from $45.75M to $51.57M.
What is the long-term trend for Itron's service revenues — total cost of revenues?
Over 4 years (2021 to 2025), Itron's service revenues — total cost of revenues has grown at a 0.8% compound annual growth rate (CAGR), from $177.17M to $182.75M.
What does service revenues — total cost of revenues mean?
This metric represents the total direct costs incurred to deliver service-based offerings within a specific business segment. It includes expenses such as labor, technical support, infrastructure maintenance, and other operational costs directly attributable to supporting service contracts. Monitoring this helps evaluate the scalability and operational efficiency of the service business model.

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