Itron, Inc. reported financial results for Q4 and full year 2025, with revenue of $572 million and $2.4 billion, a 7% and 3% decrease respectively. GAAP net income was $102 million and $301 million, with diluted EPS of $2.21 and $6.50. Adjusted EBITDA was $99 million and $374 million, a 21% and 16% increase.

The Grid Edge Intelligence platform adoption led to strong Q4 financial results, with record Outcomes growth of 23%. Itron announced the acquisition of Urbint and Locusview, aiming to enhance AI software solutions and increase recurring revenue through proactive resiliency focus.

In Q4, Device Solutions revenue decreased 3%, Networked Solutions revenue decreased 15%, Outcomes revenue increased by 23%, and Resiliency Solutions revenue was $3 million post Urbint acquisition. GAAP gross margin was 40.5%, up 560 basis points due to customer and product mix.

For Q1 2026, Itron expects revenue between $565-$575 million and non-GAAP diluted EPS between $1.20-$1.30. Full year 2026 outlook includes revenue between $2.35-$2.45 billion and non-GAAP diluted EPS between $5.75-$6.25. The acquisition of Locusview, Ltd. was completed for $525 million in January 2026.

Itron will host a conference call to discuss financial results on Feb 17, 2026. Backlog at quarter end was $4.5 billion, bookings in the quarter totaled $0.7 billion. Non-GAAP measures include adjusted EBITDA, free cash flow, adjusted gross profit, and adjusted operating income. Non-GAAP financial information is provided to supplement GAAP results for transparency and performance assessment.

Read more at GlobeNewswire: Itron Announces Fourth Quarter and Full Year 2025 Financial