Fluid passes through a converging cone, the throat and a long, gentle diffuser. Velocity rises and pressure drops at the throat, then most of the pressure recovers along the diffuser. The lower curve is the pressure distribution along the axis.
$$Q=C_d\,A_2\sqrt{\dfrac{2\,\Delta p}{\rho\,(1-\beta^4)}},\qquad \beta=\frac{D_2}{D_1}$$
Volumetric flow Q. Cd: discharge coefficient, A₂: throat area, Δp: differential pressure, ρ: fluid density, β: beta ratio. Because flow scales with √Δp, the meter is least accurate at low flow rates.
$$A_1=\frac{\pi D_1^2}{4},\qquad A_2=\frac{\pi D_2^2}{4},\qquad V_2=\frac{Q}{A_2},\quad V_1=\frac{Q}{A_1}$$
Upstream area A₁ and throat area A₂, with the velocity at each section. From continuity Q=A·V, a narrower throat means a faster velocity.
$$Re=\frac{\rho\,V_2\,D_2}{\mu},\qquad \Delta p_{\text{loss}}=(0.10+0.05\,\beta)\,\Delta p$$
Throat Reynolds number Re and permanent pressure loss. μ: fluid viscosity. Because the diffuser recovers pressure, the permanent loss is only about 10-15% of the differential pressure.