BMI: financial statements from SEC — TradeAlmanac

BMI

Badger Meter, Inc.: financial statements

Company reports as filed with the U.S. Securities and Exchange Commission.

AnnualQuarterly

Income statement

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Revenue	202m	221m	236m	238m	222m	205m	208m	217m
Cost of revenue	118m	—	140m	140m	127m	—	125m	131m
Gross profit	84m	93m	96m	98m	95m	83m	84m	85m
Selling, general and administrative	49m	—	50m	53m	46m	—	43m	44m
Operating income	35m	—	46m	45m	49m	—	41m	42m
Pre-tax income	36m	—	47m	46m	51m	—	43m	43m
Income tax	9m	—	12m	11m	12m	—	11m	10m
Net income	27m	34m	35m	35m	38m	31m	32m	33m
Earnings per share	0.94	1.14	1.19	1.18	1.31	1.05	1.09	1.13
Earnings per share, diluted	0.93	1.14	1.19	1.17	1.30	1.04	1.08	1.12
Weighted average shares	29m	—	29m	29m	29m	—	29m	29m
Weighted average shares, diluted	29m	—	30m	30m	30m	—	30m	30m

Balance sheet

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Receivables	110m	112m	115m	118m	112m	84m	93m	106m
Inventory	175m	152m

Cash flow

Metric	Mar 31, 2026	Mar 31, 2025
Operating cash flow	34m	33m
Depreciation and amortisation	3m	3m
Share-based compensation	2m	2m
Capital expenditure	4m	3m
Investing cash flow	−4m	−188m
Dividends paid	12m

Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)