Badger Meter annual operating expenses
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2025
Badger Meter Operating Expenses Growth & History (BMI)
Badger Meter's operating expenses was $198.6M for fiscal 2025.
View full Badger Meter company overviewBadger Meter annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $198.6M | $27.4M | +16.00% |
| 2024 | 2024-12-31 | $171.2M | $12.9M | +8.12% |
| 2023 | 2023-12-31 | $158.4M | $25.7M | +19.38% |
| 2022 | 2022-12-31 | $132.7M | $5.9M | +4.67% |
| 2021 | 2021-12-31 | $126.8M | $23.7M | +22.96% |
| 2020 | 2020-12-31 | $103.1M | $1.7M | +1.69% |
| 2019 | 2019-12-31 | $101.4M | −$4.1M | −3.89% |
| 2018 | 2018-12-31 | $105.5M | $6.3M | +6.38% |
| 2017 | 2017-12-31 | $99.2M | $1.2M | +1.27% |
| 2016 | 2016-12-31 | $97.9M | $4.5M | +4.81% |
| 2015 | 2015-12-31 | $93.4M | $8.3M | +9.77% |
| 2014 | 2014-12-31 | $85.1M | $7.2M | +9.26% |
| 2013 | 2013-12-31 | $77.9M | $105,000 | +0.14% |
| 2012 | 2012-12-31 | $77.8M | $15.5M | +24.87% |
| 2011 | 2011-12-31 | $62.3M | $4.3M | +7.39% |
| 2010 | 2010-12-31 | $58.0M | $3.2M | +5.90% |
| 2009 | 2009-12-31 | $54.8M | — | — |
Badger Meter quarterly operating expenses
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Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $51.4M | −$1.6M | −2.93% |
| Q1 2026 | 2026-03-31 | $49.2M | $3.1M | +6.83% |
| Q4 2025 | 2025-12-31 | $49.9M | $6.4M | +14.70% |
| Q3 2025 | 2025-09-30 | $49.8M | $6.5M | +15.02% |
| Q2 2025 | 2025-06-30 | $52.9M | $9.1M | +20.73% |
| Q1 2025 | 2025-03-31 | $46.0M | $5.4M | +13.33% |
| Q4 2024 | 2024-12-31 | $43.5M | $4.2M | +10.54% |
| Q3 2024 | 2024-09-30 | $43.3M | $2.0M | +4.73% |
| Q2 2024 | 2024-06-30 | $43.9M | $3.9M | +9.83% |
| Q1 2024 | 2024-03-31 | $40.6M | $2.8M | +7.49% |
| Q4 2023 | 2023-12-31 | $39.4M | $4.9M | +14.19% |
| Q3 2023 | 2023-09-30 | $41.3M | $7.7M | +22.73% |
| Q2 2023 | 2023-06-30 | $39.9M | $7.3M | +22.22% |
| Q1 2023 | 2023-03-31 | $37.8M | $5.9M | +18.55% |
| Q4 2022 | 2022-12-31 | $34.5M | $2.5M | +7.87% |
| Q3 2022 | 2022-09-30 | $33.7M | $1.9M | +6.01% |
| Q2 2022 | 2022-06-30 | $32.7M | $1.2M | +3.96% |
| Q1 2022 | 2022-03-31 | $31.9M | $246,000 | +0.78% |
| Q4 2021 | 2021-12-31 | $32.0M | $4.9M | +18.03% |
| Q3 2021 | 2021-09-30 | $31.7M | $6.2M | +24.44% |
| Q2 2021 | 2021-06-30 | $31.4M | $8.2M | +35.54% |
| Q1 2021 | 2021-03-31 | $31.6M | $4.3M | +15.78% |
| Q4 2020 | 2020-12-31 | $27.1M | $2.3M | +9.32% |
| Q3 2020 | 2020-09-30 | $25.5M | $284,000 | +1.13% |
| Q2 2020 | 2020-06-30 | $23.2M | −$2.1M | −8.15% |
| Q1 2020 | 2020-03-31 | $27.3M | $1.2M | +4.50% |
| Q4 2019 | 2019-12-31 | $24.8M | −$559,000 | −2.21% |
| Q3 2019 | 2019-09-30 | $25.2M | −$3.0M | −10.59% |
| Q2 2019 | 2019-06-30 | $25.2M | $90,000 | +0.36% |
| Q1 2019 | 2019-03-31 | $26.1M | −$644,000 | −2.41% |
| Q4 2018 | 2018-12-31 | $25.3M | $213,000 | +0.85% |
| Q3 2018 | 2018-09-30 | $28.2M | $3.5M | +14.11% |
| Q2 2018 | 2018-06-30 | $25.2M | $939,000 | +3.88% |
| Q1 2018 | 2018-03-31 | $26.8M | $1.7M | +6.73% |
| Q4 2017 | 2017-12-31 | $25.1M | $2.6M | +11.58% |
| Q3 2017 | 2017-09-30 | $24.7M | $19,000 | +0.08% |
| Q2 2017 | 2017-06-30 | $24.2M | −$260,000 | −1.06% |
| Q1 2017 | 2017-03-31 | $25.1M | −$1.1M | −4.27% |
| Q4 2016 | 2016-12-31 | $22.5M | −$2.4M | −9.73% |
| Q3 2016 | 2016-09-30 | $24.7M | $2.2M | +9.91% |
| Q2 2016 | 2016-06-30 | $24.5M | $1.5M | +6.59% |
| Q1 2016 | 2016-03-31 | $26.2M | $3.2M | +13.83% |
| Q4 2015 | 2015-12-31 | $24.9M | $2.2M | +9.70% |
| Q3 2015 | 2015-09-30 | $22.5M | $2.0M | +9.74% |
| Q2 2015 | 2015-06-30 | $23.0M | $2.4M | +11.41% |
| Q1 2015 | 2015-03-31 | $23.0M | $1.8M | +8.28% |
| Q4 2014 | 2014-12-31 | $22.7M | $4.1M | +21.91% |
| Q3 2014 | 2014-09-30 | $20.5M | $1.3M | +6.51% |
| Q2 2014 | 2014-06-30 | $20.6M | $924,000 | +4.69% |
| Q1 2014 | 2014-03-31 | $21.3M | $949,000 | +4.67% |
| Q4 2013 | 2013-12-31 | $18.7M | −$1.4M | −6.90% |
| Q3 2013 | 2013-09-30 | $19.2M | −$989,000 | −4.89% |
| Q2 2013 | 2013-06-30 | $19.7M | $840,000 | +4.46% |
| Q1 2013 | 2013-03-31 | $20.3M | $1.6M | +8.76% |
| Q4 2012 | 2012-12-31 | $20.0M | $2.7M | +15.46% |
| Q3 2012 | 2012-09-30 | $20.2M | $5.4M | +36.70% |
| Q2 2012 | 2012-06-30 | $18.8M | $3.9M | +26.12% |
| Q1 2012 | 2012-03-31 | $18.7M | $3.5M | +22.88% |
| Q4 2011 | 2011-12-31 | $17.4M | — | — |
| Q3 2011 | 2011-09-30 | $14.8M | $273,000 | +1.88% |
| Q2 2011 | 2011-06-30 | $14.9M | $902,000 | +6.42% |
| Q1 2011 | 2011-03-31 | $15.2M | — | — |
| Q3 2010 | 2010-09-30 | $14.5M | — | — |
| Q2 2010 | 2010-06-30 | $14.0M | — | — |
Badger Meter operating expenses trends
Over the last five fiscal years, Badger Meter's operating expenses increased from $103.1M to $198.6M, a change of $95.6M. The latest reported quarter, Q2 2026, shows $51.4M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Badger Meter source filings ↗