What is Itron's net debt?

Itron (ITRI) reported net debt of $889.26M in Q1 2026.

How has Itron's net debt changed year-over-year?

Itron's net debt increased by 522.1% year-over-year, from $142.94M to $889.26M.

What is the long-term trend for Itron's net debt?

Over 5 years (2020 to 2025), Itron's net debt has grown at a -19.9% compound annual growth rate (CAGR), from $797.07M to $263.38M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Itron ITRI Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

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4×+0.1×

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15.8×—

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8.5×-0.8×

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2.8×+1.1×

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1.5×+0.1×

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0.6×-0.3×

Other financials

Income statement

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Revenue$587.0M-3.3%

Gross profit$236.3M+8.8%

Operating income$67.6M-11.3%

Net income$53.5M-18.4%

EPS (diluted)$1.18-16.9%

Balance sheet

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Cash & equivalents$712.9M-36.5%

Total debt$1.6B+26.5%

Total equity$1.6B+8.0%

Total assets$4.0B+13.6%

Cash flow

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Operating cash flow$85.5M+18.6%

CapEx$6.5M+40.7%

Free cash flow$79.0M+17.0%

Valuation

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Market cap$3.6B-16.8%

Profitability

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Gross margin38.8%+4.0pp

Operating margin13%+1.6pp

Net margin12.3%+2.0pp

FCF margin16.8%+7.0pp

Returns & leverage

See full

Return on equity18.7%+0.9pp

Debt / equity1×+0.1×

Current ratio2.7×+0.7×

Where this comes from

Calculated from Itron’s reported figures.

$1.6Btotal debt−$712.9Mcash and equivalents=$889.26M

The official record: Itron’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Itron's net debt?: Itron (ITRI) reported net debt of $889.26M in Q1 2026.
How has Itron's net debt changed year-over-year?: Itron's net debt increased by 522.1% year-over-year, from $142.94M to $889.26M.
What is the long-term trend for Itron's net debt?: Over 5 years (2020 to 2025), Itron's net debt has grown at a -19.9% compound annual growth rate (CAGR), from $797.07M to $263.38M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.