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Itron ITRI Total Operating Expenses

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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:OperatingExpenses.

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
Amortization of intangible assets8,4784,54316,6509,022
Restructuring2331,237447684
Loss on sale of business79
Total operating expenses154,574147,205323,316288,211
Operating income76,06676,413143,643152,626
Other income (expense)
Interest income6,25312,30311,91324,013
Interest expense(5,768)(5,648)(11,577)(11,241)

Item 1: Financial Statements (Unaudited)

FAQ

What is Itron's total operating expenses?
Itron (ITRI) reported total operating expenses of $154.57M in Q2 2026.
How has Itron's total operating expenses changed year-over-year?
Itron's total operating expenses increased by 5.0% year-over-year, from $147.21M to $154.57M.
What is the long-term trend for Itron's total operating expenses?
Over 4 years (2021 to 2025), Itron's total operating expenses has grown at a -2.9% compound annual growth rate (CAGR), from $652.47M to $579.05M.
What does total operating expenses mean?
The sum of all operating costs including COGS, SG&A, R&D, D&A, and other operating charges. Revenue minus total operating expenses equals operating income.

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