Strong, Consistent Financial Performance

Ituran Location and Control Ltd. (NASDAQ: ITRN) is a leader in the emerging mobility technology field, providing value-added location-based services, including a full suite of connected-car solutions. Ituran offers stolen vehicle recovery (SVR), fleet management, mobile asset tracking, and control services for vehicles, cargo, and personal security across the retail, insurance, financing, and OEM automotive sectors…

As the largest OEM telematics provider in Latin America, Ituran’s products and applications serve customers in over 20 countries. Established in 1995 and headquartered in Israel with approximately 2,800 employees worldwide, the company maintains a market-leading position in Israel and Latin America and operates offices across Brazil, Argentina, Mexico, Ecuador, Colombia, India, Canada, and the United States. Its subscriber base has grown to over 2.67 million active users leveraging its advanced location-based services.

Ituran’s core strength lies in its highly predictable recurring revenue model—subscription fees consistently represent 74-76% of total revenues—delivering operating leverage, margin expansion, and visibility. This SaaS-like structure, paired with targeted one-time product sales, underpins stable cash generation and positions Ituran for scalable growth in the global telematics and connected-car markets.

2025 marked a record year for Ituran (Nasdaq: ITRN), driven by strong net subscriber additions and operational excellence. Full-year revenues reached a new high of $359.0 million (+7% YoY), with subscription revenues up 9% to $264.6 million. The company added a net 221,000 subscribers, bringing the total base to 2.63 million at year-end. Q4 alone delivered $93.5 million in revenue (+13% YoY), with subscriptions comprising 76% of the total and gross margins expanding to 50.5% overall (59.5% on subscriptions). EBITDA rose 5% to $96.2 million (26.8% margin), net income increased 8% to $58.0 million ($2.92 diluted EPS), and operating cash flow hit a record $88.6 million, ending the year with $107.6 million in net cash and marketable securities.

Ituran continued its momentum into 2026 with another strong quarter. Q1 2026 revenue reached a record $102.7 million (+19% YoY) — the first quarter in company history to exceed $100 million — with subscription revenue up 21% to $75.4 million. The company added 40,000 net new subscribers, bringing the total base to 2.67 million as of March 31, 2026. EBITDA grew 15% to $26.7 million and net income rose 15% to $16.8 million ($0.85 diluted EPS).

“We are very pleased to report a strong start to 2026, with our revenue crossing the $100 million milestone for the first time in our history,” said Eyal Sheratzky, Co-CEO of Ituran. “Our revenue, operating income, EBITDA and net income all grew year-over-year by double digits.”

Ituran continues to prioritize shareholder returns. In 2025 the company distributed $60 million in dividends (including a special $20 million payout in Q4), representing approximately 100% of net income and a ~7% yield based on year-end share price. The Board also authorized an additional $10 million share buyback program, reinforcing its commitment to capital return. Net cash and marketable securities stood at $108 million as of March 31, 2026.

Looking forward, management expects to sustain net subscriber additions in the 160,000–180,000 range through 2026, supported by new OEM partnerships (including the recently announced “Connect Fiat” project with Stellantis in South America) and innovative growth vectors such as IturanMob’s U.S. expansion for car-rental fleets, Big Data monetization from its 2.6+ million-unit network, and Credit Carbon solutions for EV owners. These initiatives are expanding Ituran’s total addressable market while leveraging its established telematics platform.

As illustrated in the recurring revenue model and subscriber growth charts below, Ituran’s business delivers durable, high-margin growth. Comprehensive SEC filings, quarterly reports, and historical financials are available directly on this Financials & Filings page for investors seeking detailed analysis of ITRN performance, telematics SaaS metrics, and global expansion.

Ituran (Nasdaq: ITRN) combines proven execution in location-based telematics with forward-looking innovation—delivering recurring revenue stability, subscriber momentum, and consistent shareholder value in the connected-mobility ecosystem.