For the quarter ending 2026-03-31, ITRI had -$307,547K decrease in cash & cash equivalents over the period. $78,974K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 53,586 | 103,010 | 66,223 | 134,102 |
| Depreciation and amortization of intangible assets | 18,536 | 13,296 | 12,039 | 24,182 |
| Non-cash operating lease expense | 3,309 | 3,059 | 3,013 | 5,843 |
| Stock-based compensation | 20,070 | 14,630 | 14,423 | 33,396 |
| Amortization of prepaid debt fees | 1,849 | 1,676 | 1,820 | 3,581 |
| Deferred taxes, net | -3,470 | -16,085 | -58,524 | 9,664 |
| Loss on sale of business | 0 | 0 | 0 | -79 |
| Restructuring, non-cash | 462 | 0 | 0 | -25 |
| Other adjustments, net | -175 | 1,706 | 177 | 354 |
| Accounts receivable | 17,623 | -7,912 | 30,916 | -18,789 |
| Inventories | -2,364 | -12,854 | -27,241 | 7,413 |
| Other current assets | -11,699 | 2,825 | 46,704 | -6,409 |
| Other long-term assets | 2,419 | 20,043 | -3,439 | -3,479 |
| Accounts payable, other current liabilities, and taxes payable | 8,309 | 12,235 | 25,909 | -31,868 |
| Wages and benefits payable | -33,472 | 12,178 | 4,083 | -34,884 |
| Unearned revenue | 18,041 | -5,696 | -12,111 | 46,431 |
| Warranty | 2,076 | -2,032 | -528 | -1,876 |
| Restructuring | -4,190 | -5,982 | -6,193 | -10,252 |
| Other operating, net | 741 | 39,330 | 2,256 | 11,153 |
| Net cash provided by operating activities | 85,501 | 119,321 | 117,829 | 168,802 |
| Net proceeds (payments) related to the sale of business | - | 0 | 278 | 0 |
| Acquisitions of property, plant, and equipment | 6,527 | 7,814 | 4,421 | 10,656 |
| Business acquisitions, net of cash and cash equivalents acquired | 515,055 | 325,044 | 0 | 0 |
| Other investing, net | -10 | 0 | 2,000 | -5 |
| Net cash used in investing activities | -521,572 | -332,858 | -6,143 | -10,651 |
| Proceeds from borrowings | 805,000 | 0 | 0 | 0 |
| Repayments of long-term debt | 460,000 | - | - | - |
| Issuance of common stock | 677 | 988 | 896 | 5,436 |
| Payments on call spread for convertible offering | 92,817 | 0 | 0 | 0 |
| Repurchase of common stock | 100,000 | 100,000 | 0 | 0 |
| Prepaid debt fees | 21,166 | 6 | 2,029 | 178 |
| Other financing, net | -274 | -281 | -1,781 | -507 |
| Net cash provided by financing activities | 131,420 | -99,299 | -2,914 | 4,751 |
| Effect of foreign exchange rate changes on cash and cash equivalents | -2,896 | 1,289 | -1,085 | 10,118 |
| Increase (decrease) in cash and cash equivalents | -307,547 | -311,547 | 107,687 | 173,020 |
| Cash and cash equivalents at beginning of period | 1,020,397 | 1,331,944 | 1,051,237 | - |
| Cash and cash equivalents at end of period | 712,850 | 1,020,397 | 1,331,944 | - |
ITRON, INC. (ITRI)
ITRON, INC. (ITRI)