Ituran Location and Control Ltd. (ITRN) financial statements: income statement, balance sheet and cash flow
Ituran Location and Control Ltd.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Ituran Location and Control Ltd. reported revenue of $359.0M (+6.8% year on year) and net income of $60.0M (+6.1% year on year).
Income statement
Ituran Location and Control Ltd. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Telematics services
$264.6M
$242.5M
$234.5M
$209.6M
Telematics products
$94.5M
$93.8M
$85.4M
$83.5M
Revenues, Total
$359.0M
$336.3M
$320.0M
$293.1M
Telematics services
$108.5M
$100.2M
$98.7M
$90.1M
Telematics products
$72.0M
$75.4M
$68.1M
$65.4M
Total cost of revenues
$180.4M
$175.6M
$166.8M
$155.5M
Gross profit
$178.6M
$160.6M
$153.2M
$137.6M
Research and Development Expense
$20.8M
$18.1M
$17.0M
$16.8M
Selling, General and Administrative Expense
$18.4M
$15.3M
$13.6M
$13.3M
Selling, General and Administrative Expense
$62.5M
$56.2M
$56.6M
$48.7M
Other income, net
($91.0K)
($148.0K)
$2.0K
$0
Operating income
$77.0M
$71.2M
$66.0M
$58.8M
Other income (expenses), net
($272.0K)
—
—
—
Financing income (expenses), net
($1.9M)
—
—
—
Income before income tax
$74.9M
$71.2M
$64.4M
$52.8M
Income tax expenses
($14.9M)
($14.6M)
($13.4M)
($12.7M)
Share in losses of affiliated companies, net
($5.0K)
($123.0K)
($706.0K)
($585.0K)
Net income for the year
$60.0M
$56.5M
$50.3M
$39.5M
Less: Net income attributable to non-controlling interest
($2.0M)
($2.9M)
($2.2M)
($2.4M)
Net income attributable to the Company
$58.0M
$53.7M
$48.1M
$37.1M
Basic earnings per share attributable to Company’s stockholders
$2.92
$2.70
$2.41
$1.82
Diluted earnings per share attributable to Company’s stockholders
$2.92
$2.70
$2.41
$1.82
Weighted average number of shares used in the computation of basic earnings per share
$19874000.00
$19894000.00
$20000000.00
$20418000.00
Weighted average number of shares used in the computation of diluted earnings per share
$19874000.00
$19894000.00
$20000000.00
$20418000.00
Ituran Location and Control Ltd. income statement, quarters
Line item
Jun 30, 2026 · YTD
Jun 30, 2018 · YTD
Telematics services
$155.2M
—
Telematics products
$52.2M
—
Revenues, Total
$207.5M
$120.8M
Telematics services
$63.9M
—
Telematics products
$40.7M
—
Total cost of revenues
$104.7M
$60.4M
Gross profit
$102.8M
$60.4M
Research and Development Expense
$10.6M
$2.1M
Selling, General and Administrative Expense
$10.8M
$5.5M
Selling, General and Administrative Expense
$35.8M
$22.6M
Other expenses (income), net
($180.0K)
($118.0K)
Operating income
$45.8M
$30.3M
Financing expenses, net
($740.0K)
—
Income before income tax
$45.1M
$30.9M
Income tax expenses
($10.2M)
($8.5M)
Share in profit (losses) of affiliated companies, net
($59.0K)
—
Net income for the period
$34.9M
$24.6M
Less: net income attributable to non-controlling interest
($758.0K)
($1.3M)
Net income attributable to the Company
$34.1M
$23.3M
Basic earnings per share attributable to Company’s stockholders
$1.72
—
Diluted earnings per share attributable to Company’s stockholders
$1.72
—
Weighted average number of shares used in the computation of basic earnings per share
$19802000.00
—
Weighted average number of shares used in the computation of diluted earnings per share
$19802000.00
—
Balance sheet
Ituran Location and Control Ltd. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and Cash Equivalents
$107.6M
$77.4M
$53.4M
$27.9M
Short-Term Investments
$3.0K
$10.0K
$119.0K
$316.0K
Accounts receivable (net of provision for credit loss)
$58.5M
$47.7M
$45.4M
$45.8M
Other current assets
$48.4M
$46.1M
$52.7M
$48.2M
Inventories
$23.2M
$23.4M
$26.9M
$28.5M
Total current assets
$237.6M
$194.6M
$178.5M
$150.7M
Investments in affiliated companies
$517.0K
$519.0K
$714.0K
$1.2M
Investments in other companies in 2025
$1.5M
$1.5M
$2.2M
$1.8M
Other non-current assets
$5.4M
$5.9M
$4.0M
$3.1M
Deferred income taxes
$15.7M
$12.3M
$14.5M
$11.4M
Funds in respect of employee rights upon retirement
$28.5M
$21.8M
$18.5M
—
Total non-current assets
$51.6M
$42.0M
$39.9M
$32.6M
Property and equipment, net
$39.4M
$33.1M
$42.0M
$45.6M
Operating lease right of use assets, net
$8.9M
$8.9M
$8.1M
$9.9M
Intangible assets, net
$8.8M
$9.0M
$10.8M
$12.6M
Goodwill
$39.8M
$39.3M
$39.4M
$39.5M
Total assets
$386.2M
$326.9M
$318.7M
$290.9M
Credit from banking institutions
$0
$114.0K
$355.0K
$11.8M
Accounts Payable
$19.1M
$18.8M
$20.8M
$21.9M
Deferred Revenue, Current
$27.2M
$22.9M
$27.1M
$21.8M
Other current liabilities
$57.8M
$45.9M
$44.1M
$37.4M
Total current liabilities
$104.1M
$87.7M
$92.5M
$93.0M
Deferred income taxes
$531.0K
$418.0K
$1.1M
$1.5M
Pension and Post-Retirement Obligations
$35.1M
$27.6M
$24.6M
$21.2M
Deferred revenues
$14.9M
$12.2M
$13.3M
$13.0M
Operating lease liabilities, non-current
$4.7M
$5.6M
$4.8M
$6.9M
Other Non-Operating Non-Current Liabilities
$2.4M
$2.1M
$2.0M
$2.1M
Total non-current liabilities
$57.6M
$47.9M
$46.0M
$45.1M
Share capital – ordinary shares of NIS 0.33 par value: 1,983 1,983 Authorized – December 31, 2025 and 2024 – 60,000,000 shares Issued and outstanding – December 31, 2025 and 2024 – 23,475,431 shares
2.0M
2.0M
2.0M
2.0M
Additional Paid-In Capital
$78.4M
$78.4M
$78.4M
$78.4M
Accumulated Other Comprehensive Income
($39.8M)
($57.0M)
($45.2M)
($45.8M)
Retained Earnings
$244.4M
$226.2M
$203.6M
$169.0M
Treasury stock at cost – December 31, 2025 – 3,666,789. December 31, 2024 – 3,581,851 shares
-67.4M
-64.3M
-64.3M
-57.7M
Stockholders’ equity
$217.6M
$185.2M
$174.5M
$145.8M
Noncontrolling Interest
$6.9M
$6.0M
$5.8M
$7.1M
Total equity
$224.5M
$191.3M
$180.2M
$152.9M
Total liabilities and equity
$386.2M
$326.9M
$318.7M
$290.9M
Ituran Location and Control Ltd. balance sheet, quarters
Line item
Jun 30, 2026
Jun 30, 2018
Cash and Cash Equivalents
$103.7M
$36.1M
Short-Term Investments
$3.0K
$1.3M
Accounts receivable (net of provision for credit loss)
$66.5M
$43.1M
Other current assets
$53.0M
$39.7M
Inventories
$25.0M
$13.5M
Total current assets
$248.2M
$133.8M
Investments in affiliated companies
$503.0K
$13.8M
Investments in other companies
$1.9M
—
Other non-current assets
$5.7M
$1.1M
Deferred income taxes
$18.5M
—
Funds in respect of employee rights upon retirement
$33.0M
—
Total long-term investments and other assets
$59.6M
—
Property and equipment, net
$42.9M
$37.2M
Operating lease right of use assets, net
$8.0M
—
Intangible assets, net
$9.6M
$77.0K
Goodwill
$40.1M
$3.6M
Total assets
$408.4M
$207.2M
Accounts Payable
$25.7M
$19.1M
Deferred Revenue, Current
$29.4M
$14.0M
Other current liabilities
$67.2M
$27.5M
Total current liabilities
$122.4M
$60.6M
Pension and Post-Retirement Obligations
$39.8M
$13.2M
Deferred income taxes
$751.0K
—
Deferred revenues
$14.5M
$612.0K
Operating lease liabilities, non-current
$4.2M
—
Other Non-Operating Non-Current Liabilities
$1.3M
$402.0K
Total non-current liabilities
$60.5M
$14.8M
Stockholders’ equity
$218.4M
$124.5M
Noncontrolling Interest
$7.2M
$7.2M
Total equity
$225.5M
$131.8M
Total liabilities and equity
$408.4M
$207.2M
Cash flow statement
Ituran Location and Control Ltd. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$60.0M
$56.5M
$50.3M
$39.5M
Depreciation and amortization
$19.2M
$20.1M
$21.1M
$20.1M
Loss in respect of trading marketable securities and other investments
$8.0K
$107.0K
$89.0K
$3.9M
Increase in liability for employee rights upon retirement
$3.3M
$3.2M
$2.5M
$1.2M
Share in losses of affiliated and other companies, net
$277.0K
$123.0K
$706.0K
—
Deferred income taxes
($1.6M)
($383.0K)
($3.1M)
($737.0K)
Capital loss on sale of property and equipment, net
$27.0K
$128.0K
$89.0K
($224.0K)
Increase in accounts receivable
($3.7M)
($5.2M)
($26.0K)
($5.1M)
Decrease (increase) in other current and non-current assets
$6.8M
($6.5M)
($3.2M)
($11.1M)
Decrease in inventories
$2.6M
$3.4M
$1.1M
($5.8M)
Increase (decrease) in accounts payable
($2.1M)
$176.0K
($1.9M)
$1.4M
Increase (decrease) in deferred revenues
$2.2M
($804.0K)
$5.7M
$2.2M
Increase in other current and non-current liabilities
$1.6M
$3.5M
$3.8M
($837.0K)
Net cash provided by operating activities
$88.6M
$74.3M
$77.2M
$45.1M
Increase in funds in respect of employee rights upon retirement, net of withdrawals
($3.3M)
($3.4M)
($2.4M)
($868.0K)
Capital expenditures
($21.8M)
($13.6M)
($14.2M)
($26.5M)
Return from (investment in) affiliated company
$147.0K
$78.0K
—
—
Repayment of (investments in) long - term deposit
$57.0K
($122.0K)
($100.0K)
$147.0K
Return from (investments in) other companies, net
($185.0K)
$630.0K
($477.0K)
($137.0K)
Proceeds from Sale of PP&E
$901.0K
$459.0K
$199.0K
$1.1M
Proceeds from Investments
$0
$0
$99.0K
$0
Net cash used in investment activities
($24.2M)
($15.9M)
($17.2M)
($27.4M)
Repayment of long-term loan
$0
$0
($11.7M)
($16.4M)
Short term credit from banking institutions
($114.0K)
($433.0K)
$299.0K
$0
Acquisition of company shares
-3.1M
0
-6.6M
-8.4M
Dividend paid
($37.6M)
($28.1M)
($11.6M)
($11.5M)
Dividend paid to non-controlling interests
($1.9M)
($3.3M)
($3.3M)
$0
Net cash used in financing activities
($42.7M)
($31.8M)
($32.9M)
($36.4M)
Effect of Exchange Rate on Cash
$8.5M
($2.6M)
($1.5M)
($3.9M)
Net change in cash and cash equivalents
$30.2M
$23.9M
$25.6M
($22.5M)
Balance of cash and cash equivalents at beginning of year
$77.4M
$53.4M
$27.9M
$50.3M
Balance of cash and cash equivalents at end of year
$107.6M
$77.4M
$53.4M
$27.9M
Interest Expense
$0
$24.0K
$358.0K
$713.0K
Income Tax Expense
$16.7M
$14.8M
$10.9M
$11.1M
Ituran Location and Control Ltd. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Jun 30, 2018 · YTD
Net income for the period
$34.9M
$24.6M
Depreciation and amortization
$9.3M
—
Loss in respect of trading marketable securities and other investments
$0
—
Increase in liability for employee rights upon retirement
$2.3M
($73.0K)
Share in losses (profit) of affiliated companies, net
$59.0K
—
Deferred income taxes
($2.3M)
$1.8M
Capital loss on sale of property and equipment, net
$124.0K
$69.0K
Decrease (increase) in accounts receivable
($4.6M)
($5.8M)
Decrease in other current and non-current assets
$188.0K
($4.0M)
Decrease (increase) in inventories
($655.0K)
$15.0K
Increase (decrease) in accounts payable
$5.5M
($1.9M)
Increase (decrease) in deferred revenues
$833.0K
—
Increase (decrease) in other current and non-current liabilities
$4.8M
—
Net cash provided by operating activities
$50.5M
$19.9M
Increase in funds in respect of employee rights upon retirement, net of withdrawals
($2.5M)
$153.0K
Capital expenditures
($11.9M)
($10.0M)
Investments in affiliated and other companies, net
($172.0K)
($897.0K)
Repayment of (investment in) long-term deposit
($123.0K)
—
Proceeds from Sale of PP&E
$717.0K
$216.0K
Net cash used in investment activities
($14.0M)
($7.0M)
Short term credit from banking institutions, net
$0
($33.0K)
Acquisition of company shares
-3.6M
—
Dividend paid
($39.8M)
($10.1M)
Dividend paid to non-controlling interests
($1.9M)
($972.0K)
Net cash used in financing activities
($45.3M)
($11.1M)
Effect of Exchange Rate on Cash
$4.9M
($2.6M)
Net change in cash and cash equivalents
($3.9M)
—
Balance of cash and cash equivalents at beginning of period
$107.6M
—
Balance of cash and cash equivalents at end of period