Flow meters are extensively utilized in fields such as chemical engineering, petroleum, and aerospace, and are an indispensable component of modern industry. This paper examines the metrological properties of a dual-rotor turbine flow meter within its measurable flow range through experimental approaches and investigates the cavitation flow dynamics within the flow meter using numerical methods. First, the flow characteristics curve of the dual-rotor turbine flow meter was established experimentally, and the accuracy of numerical simulation results was validated. Secondly, the transient characteristics of the cavitation cavity were revealed using the Z-G-B cavitation model and dynamic mesh technology. Finally, entropy production theory was applied to investigate the energy losses caused by cavitation, analyzing the contributions of different types of energy losses during the cavitation process. Flow calibration experiments and numerical simulations reveal an increase in the meter coefficient of the dual-rotor turbine flow meter in high-flow cavitation zones, indicating that the displayed flow rate is slightly higher during cavitation compared to non-cavitating flows. Transient cavitation flow undergoes three stages: attachment, development, and collapse. At 323 K, the volume fractions of upstream and downstream cavities increase by 38.9% and 48.3%, respectively, with the cavitation cycle duration being 1.21 times that at 298 K. At 343 K, these increases are 75.3% and 239.2%, with the cycle duration being 2.63 times that at 298 K. Among the various sources of loss, the contribution from losses due to pulsating velocity gradients is the most significant, with maximum proportions of 81.95%, 85.1%, and 87.11% at 298 K, 323 K, and 343 K, respectively.