ITRN: financial statements from SEC

Income statement

Metric	31/12/2025	31/12/2024	31/12/2023	31/12/2022
Revenue	359M	336M	320M	293M
Cost of revenue	180M	176M	167M	156M
Gross profit	179M	161M	153M	138M
Research and development	21M	18M	17M	17M
Selling, general and administrative	62M	56M	57M	49M
Operating income	77M	71M	66M	59M
Pre-tax income	75M	71M	64M	53M
Income tax	15M	15M	13M	13M
Net income	58M	54M	48M	37M
Earnings per share	2.92	2.70	2.41	1.82
Earnings per share, diluted	2.92	2.70	2.41	1.82
Weighted average shares	20M	20M	20M	20M
Weighted average shares, diluted	20M	20M	20M	20M

Metric	19/08/2026	18/08/2026	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021
Cash and equivalents	—	—	108M	77M	53M	28M	50M
Short-term investments	—	—	3,000	10,000	119,000	—	—
Receivables	—	—	59M	48M	45M	—	—
Inventory	—	—	23M	23M	27M	—	—
Current assets	—	—	238M	195M	179M	—	—
Property, plant and equipment	—	—	39M	33M	42M	46M	—
Goodwill	—	—	40M	39M	39M	40M	—
Total assets	—	—	386M	327M	319M	—	—
Current liabilities	—	—	104M	88M	92M	—	—
Short-term debt	—	—	0	114,000	355,000	—	—
Equity	—	—	218M	185M	174M	153M	138M
Shares outstanding	—	—	23M	23M	23M	—	—
Shares issued	—	—	23M	23M	23M	—	—
Treasury shares	—	—	4M	4M	4M	—	—

Metric	31/12/2025	31/12/2024	31/12/2023	31/12/2022
Operating cash flow	89M	74M	77M	45M
Depreciation and amortisation	19M	20M	21M	—
Capital expenditure	22M	14M	14M	27M
Investing cash flow	−24M	−16M	−17M	−27M
Dividends paid	38M	28M	12M	11M
Financing cash flow	−43M	−32M	−33M	−36M