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Overview

Badger Meter, Inc. Financial Statements FY2024-FY2026Q3

Badger Meter's income statement and balance sheet, FY2024 through FY2026Q3, as a public, auditable plain-text Beancount ledger — reconstructed line by line from the company's own Form 10-K and 10-Q filings and version-controlled in git.… Ledger notes

Financial position

Net worth and the accounts that make it up

Net Worth
Assets plus liabilities over the last 12 months
651.132 MUSD
Accounts
Asset and liability balances at September 30, 2026

Money movement

Monthly income and spending by account category

September 2026
Money in
September 2026
+236.154 MUSD
Top sources
Average of up to 3 preceding periods
—
View all
Money out
September 2026
-200.251 MUSD
Top spending
Average of up to 3 preceding periods
—
View all

Recent activity

Posting-aware activity from the journal

View all
Transactions
Newest transactions matching the current dashboard filters

Income vs Expenses

Income vs Expenses
Bar chart comparing total income and expenses for each interval in the selected period.
Period data
PeriodIncomeExpensesNet Profit
2026-09-30236.154 MUSD200.251 MUSD35.903 MUSD

Balance Sheet

Assets Distribution
Visual representation of Badger Meter, Inc. Financial Statements FY2024-FY2026Q3 assets composition
Breakdown
AccountAmountShare of total
Assets:NonCurrent:PropertyPlantEquipment83.473 MUSD8.85%
Assets:NonCurrent:Other31.957 MUSD3.39%
Assets:NonCurrent:IntangibleAssets157.513 MUSD16.69%
Assets:NonCurrent:Goodwill302.805 MUSD32.09%
Assets:Current:Other21.719 MUSD2.3%
Assets:Current:Inventory166.427 MUSD17.64%
Assets:Current:Cash67.928 MUSD7.2%
Assets:Current:AccountsReceivable111.826 MUSD11.85%
Liabilities Distribution
Visual representation of Badger Meter, Inc. Financial Statements FY2024-FY2026Q3 liabilities composition
Breakdown
AccountAmountShare of total
Liabilities:NonCurrent:Other64.515 MUSD22.06%
Liabilities:NonCurrent:DeferredRevenue79.705 MUSD27.25%
Liabilities:Current:Other78.021 MUSD26.67%
Liabilities:Current:AccountsPayable70.275 MUSD24.02%

Cash Flow

Cash Flow
Money flow from income sources to expenses and investments

Loading account roles…

README.md

Badger Meter, Inc. (BMI) Financial Statements in Beancount — Open Ledger

Badger Meter's income statement and balance sheet, FY2024 through FY2026Q3, as a public, auditable plain-text Beancount ledger — reconstructed line by line from the company's own Form 10-K and 10-Q filings and version-controlled in git. Part of the Open Ledger project on beancount.io.

Browse it live: beancount.io/ledger/open_ledger/badger-meter

Latest analysis: Badger Meter Q3 2026 Earnings: 20.2% Margin on Flat Sales as AMI Pauses

Key Figures

PeriodPeriod endRevenueNet income
FY20242024-12-31826.558124.942
FY20252025-12-31916.663141.634
FY2026Q32026-09-30235.93835.903

Amounts in MUSD (millions of US dollars), exactly as the ledger records them.

What's Inside

PeriodFileSource
FY2024FY2024/FY2024.beanForm 10-K for the fiscal year ended December 31, 2024 (filed 2025-02-14)
FY2025FY2025/FY2025.beanForm 10-K for the fiscal year ended December 31, 2025 (filed 2026-02-17)
FY2026Q3FY2026/FY2026Q3.beanForm 10-Q for the quarterly period ended September 30, 2026 (filed 2026-10-23)

Fiscal years end December 31. All figures sourced from Badger Meter, Inc. Form 10-K and 10-Q filings (SEC EDGAR, CIK 0000009092), cross-checked against the Form 8-K Exhibit 99.1 earnings release for the quarter.

Quick Start

bash
uvx --from beancount bean-check main.bean
uvx --from beanquery bean-query main.bean \
  "SELECT year, sum(position) WHERE account ~ '^Income:Revenue' GROUP BY year ORDER BY year"

Zero output from bean-check means the ledger is internally consistent: every
income statement sums to zero and every balance-sheet snapshot reconciles to
the filed totals. The query prints revenue by calendar year; income is a
credit, so it shows as a negative number. Open main.bean in Fava
or import it into beancount.io to explore it visually.

Methodology

  • Balance sheet — pad / balance directives assert each period-end
    figure against the filing named in that period file's source banner.
  • Income statement — one zero-sum transaction per period: Income
    negative (credit), Expenses positive (debit), with the arithmetic check in
    a comment directly above it.
  • Unit — MUSD; 235.938 MUSD means 235.938 million US dollars.
  • Additional accounts — Assets:Current:Inventory,
    Liabilities:NonCurrent:DeferredRevenue, Equity:TreasuryStock, opened
    beyond the standard chart (see each account's open line in main.bean).

Analysis

Corrections

Found a figure that does not match the filing? Email
[email protected] with the period, the account
and the filing page. Corrections are committed with the source cited.

About Open Ledger

Open Ledger is a growing library of public-company financial statements
published as plain-text accounting at
beancount.io/ledger — git-versioned, diffable
across companies, and auditable against primary filings. Read the analysis
behind the numbers on the beancount.io blog.

Disclaimer

This ledger is an independent reconstruction of Badger Meter, Inc.'s publicly filed
financial statements, provided for educational and informational purposes
only. It is not investment, financial, legal, tax, or accounting advice, and
is not an offer or recommendation to buy or sell any security. Beancount.io is
not affiliated with, endorsed by, or sponsored by Badger Meter, Inc.; all trademarks
belong to their respective owners. Figures may contain errors, omissions, or
simplifications and may lag the latest filings — the company's own regulatory
filings are the authoritative source. Provided "as is" without warranty of any
kind; use at your own risk.