Description
Itron Just Dropped $525M—Here’s Why The Locusview Acquisition Could Be a Game-Changer!
Itron, Inc. reported its third-quarter 2025 financial results, demonstrating a mixed performance with both encouraging and challenging aspects. The company’s financial summary highlighted revenue of $582 million, adjusted EBITDA of $97 million, non-GAAP earnings per share of $1.54, and free cash flow reaching $113 million—a company record. The total backlog stood at $4.3 billion, while bookings were $380 million for the quarter. From a financial perspective, Itron achieved significant success. The company set new records for gross margin and free cash flow, signaling strong operational efficiencies. Non-GAAP operating income increased to $89 million, marking it as an all-time quarterly record, along with an increase in adjusted EBITDA by 10% year-over-year. This impressive margin expansion was driven by a favorable customer and product mix, despite the revenue being slightly lower than the prior year due to planned portfolio adjustments and delayed project deployments. However, not all aspects were favorable.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures
Want unlimited access to our reports? Purchase our $99 annual subscription!


