The Law Offices of Frank R. Cruz announces an investigation of Badger Meter, Inc. (“Badger Meter” or the “Company”) (NYSE: BMI) on behalf of investors concerning the Company’s possible violations of federal securities laws.

What Is The Investigation About?
On July 22, 2025, Badger Meter released its second quarter 2025 financial results, reporting below-consensus earnings, revenue growth decline, and margin deterioration. The Company also expected that “absolute sales [would] decline sequentially in the third quarter of 2025.”

On this news, Badger Meter’s stock price fell $40.42, or 16.5%, to close at $204.80 per share on July 22, 2025, thereby injuring investors.

Then, on January 28, 2026, Badger Meter released its fourth quarter 2025 financial results, revealing missed revenue expectations and a “6% sequential decline in utility water sales” due to “previously communicated project pacing effects.”

On this news, Badger Meter’s stock price fell $18.09, or 11%, to close at $146.32 per share on January 28, 2026.

Then, on April 17, 2026, Badger Meter released its first quarter 2026 results, disclosing that total sales were “9% lower than the prior year,” “[u]tility water sales declined 10% year-over-year,” “[o]perating earnings of $35.2 million, with an operating margin of 17.4%, compared to operating earnings of $49.4 million and an operating margin of 22.2% in the prior year,” and “[d]iluted earnings per share (EPS) of $0.93, down from $1.30 in the first quarter of 2025.” The Company cited “project timing” and “softer short-cycle municipal customer ordering.”

On this news, Badger Meter’s stock price fell $36.75, or 24.1%, to close at $115.54 per share on April 17, 2026, thereby injuring investors further.