Overview

A class action lawsuit has been filed against Badger Meter, Inc. (“Badger Meter” or the “Company”) (NYSE: BMI) and certain of the Company’s senior executive officers (collectively, “Defendants”), alleging violations of the federal securities laws. The Badger Meter lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired Badger Meter common stock between April 18, 2024, and April 16, 2026, inclusive (the “Class Period”). Investors have until August 3, 2026, to seek appointment as lead plaintiff of the Badger Meter class action lawsuit.

Badger Meter is a provider of water measurement and management solutions, including advanced metering infrastructure (“AMI”) technologies that enable utilities to remotely collect water usage data.  

Throughout the Class Period, the Company repeatedly attributed its strong financial performance to favorable industry trends, robust customer demand, increasing AMI adoption, a strong project pipeline, and durable long-term growth drivers.  According to the complaint, these statements were materially false and misleading because Badger Meter’s reported growth was not primarily driven by sustainable demand. Instead, the Company allegedly accelerated and pulled forward customer orders, allowing it to recognize revenue earlier while concealing weakening demand and deteriorating order trends. As a result, Badger Meter allegedly depleted revenue that otherwise would have been recognized in future periods, creating the appearance of continued growth while masking underlying business weakness.

The truth began to emerge on July 22, 2025, when Badger Meter reported disappointing second-quarter 2025 results, including earnings below analyst expectations, slowing revenue growth, margin deterioration, and guidance that sales would decline sequentially in the third quarter of 2025. On this news, the price of Badger Meter stock fell $40.42 per share, or 16.5%, from $245.22 per share on July 21, 2025, to $204.80 per share on July 22, 2025.

Then, on January 28, 2026, the Company reported fourth-quarter 2025 results that missed revenue expectations and revealed a sequential decline in utility water sales. Defendants continued to attribute the disappointing performance to project pacing effects. On this news, the price of Badger Meter stock declined $18.09 per share, or 11%, from $164.41 per share on January 27, 2026, to $146.32 per share on January 28, 2026.

Then, on April 17, 2026, Badger Meter reported first-quarter 2026 results, showing year-over-year declines in sales, operating earnings, operating margin, and earnings per share. The Company also disclosed softer short-cycle municipal customer ordering and acknowledged demand variability that had allegedly existed throughout prior periods but had been obscured by backlog conditions and projects already in progress. On this news, the price of Badger Meter stock fell $36.75 per share, more than 24%, from $152.29 per share on April 16, 2026, to $115.54 per share on April 17, 2026.

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If you purchased or otherwise acquired Badger Meter common stock between April 18, 2024, and April 16, 2026, and you wish to serve as lead plaintiff in this lawsuit, you are encouraged to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt attorneys Brian O’Mara and Hani Farah by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as a lead plaintiff in the Badger Meter class action lawsuit is August 3, 2026.