Itron (ITRI) Operating Expenses (2009 - 2026)
Itron (ITRI) reported Operating Expenses of $168.7 million for Q1 2026, up 19.67% on a YoY basis from $141.0 million in Q1 2025, and up 10.23% quarter-over-quarter from $153.1 million in Q4 2025.
Itron (ITRI) Operating Expenses (2009 - 2026) Analysis & Trends
Itron has reported Operating Expenses for 18 years, with the latest figure at $168.7 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 19.67% year-over-year to $168.7 million; the trailing twelve-month figure through Mar 2026 stood at $606.8 million (up 5.78% YoY), and the FY2025 full-year result was $579.0 million, up 0.67% from the prior year.
- Operating Expenses for Q1 2026 stood at $168.7 million, up from $153.1 million in the prior quarter.
- The five-year high for Operating Expenses was $168.7 million in Q1 2026, with the low at $113.2 million in Q3 2022.
- Historically, Operating Expenses has averaged $143.4 million across 5 years, with a median of $142.6 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses slumped 43.86% — and 2023, when it gained 29.87%.
- Itron's Operating Expenses stood at $128.4 million in 2022, then rose by 14.56% to $147.1 million in 2023, then advanced by 2.74% to $151.2 million in 2024, then climbed by 1.27% to $153.1 million in 2025, then grew by 10.23% to $168.7 million in 2026.
- The last three Operating Expenses figures came in at $168.7 million (Q1 2026), $153.1 million (Q4 2025), and $137.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Coherent | 73.42 Bn | 72.12 Bn | 679.95 Mn | 1.62 Bn |
| 2 | Keysight Technologies | 60.20 Bn | 58.02 Bn | 995.00 Mn | 1.35 Bn |
| 3 | Garmin | 45.90 Bn | 43.20 Bn | 1.04 Bn | 610.62 Mn |
| 4 | Teledyne Technologies | 28.94 Bn | 28.64 Bn | 673.80 Mn | 1.27 Bn |
| 5 | Mks | 24.00 Bn | 23.43 Bn | 507.00 Mn | 274.00 Mn |
| 6 | Fortive | 18.63 Bn | 18.28 Bn | 675.50 Mn | 483.80 Mn |
| 7 | Trimble | 11.82 Bn | 11.59 Bn | 646.30 Mn | 502.30 Mn |
| 8 | Cognex | 10.60 Bn | 10.31 Bn | 190.94 Mn | 131.07 Mn |
| 9 | Esco Technologies | 8.14 Bn | 8.05 Bn | 131.32 Mn | 265.48 Mn |
| 10 | Itron | 3.60 Bn | 2.91 Bn | 236.32 Mn | 168.74 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 168.74 Mn |
| Dec 31, 2025 | 153.08 Mn |
| Sep 30, 2025 | 137.76 Mn |
| Jun 30, 2025 | 147.21 Mn |
| Mar 31, 2025 | 141.01 Mn |
| Dec 31, 2024 | 151.15 Mn |
| Sep 30, 2024 | 135.67 Mn |
| Jun 30, 2024 | 145.81 Mn |
| Mar 31, 2024 | 142.58 Mn |
| Dec 31, 2023 | 147.12 Mn |
| Sep 30, 2023 | 132.31 Mn |
| Jun 30, 2023 | 138.85 Mn |
| Mar 31, 2023 | 166.76 Mn |
| Dec 31, 2022 | 128.42 Mn |
| Sep 30, 2022 | 113.17 Mn |
| Jun 30, 2022 | 159.63 Mn |
| Mar 31, 2022 | 128.41 Mn |
| Dec 31, 2021 | 228.76 Mn |
| Sep 30, 2021 | 130.80 Mn |
| Jun 30, 2021 | 156.81 Mn |