ERIINasdaqSpecial Industry Machinery, NECFiscal year ends December 31

Energy Recovery, Inc.

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026

$6.66+0.01 (+0.15%)

Close on Oct 19, 2026

Market cap: $342.74M
P/E (TTM): 23.8
Dividend yield: –

Energy Recovery, Inc. income statement

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31
Revenue	135	145	128	126	104	119	87	75	69	58	44	30	43	43	28	46	47
Cost of Revenue	47	48	41	38	33	–	–	–	19	18	19	14	17	22	20	24	18
Gross Profit	88	97	87	87	71	–	–	–	39	32	25	17	26	20	7.80	22	29
Research & Development	13	16	17	18	20	23	23	17	13	10	7.66	9.69	4.36	4.77	3.53	3.94	3.04
Selling, General & Admin	51	58	51	45	37	34	32	29	27	26	29	25	23	22	25	23	20
Selling & Marketing	21	25	22	16	12	8.13	9.43	7.55	9.39	9.12	9.33	11	7.95	7.29	8.00	8.21	6.47
General & Administrative	30	33	29	28	25	26	23	21	17	17	20	14	15	15	17	14	14
Advertising Expenses	–	–	–	–	–	–	–	–	–	0.01	0.01	0.11	0.04	0.02	0.03	0.11	–
Operating Expenses	64	77	68	63	57	59	56	47	41	37	37	35	29	29	33	27	23
Operating Income	24	20	19	25	14	31	10	9.98	9.25	3.43	-12	-18	-2.89	-8.65	-25	-5.02	6.15
Interest Expense	–	–	–	–	–	0	0	0.00	0.00	0.00	0.04	–	–	0.01	0.03	0.07	0.05
Other Non-Operating Income	3.71	6.01	3.66	1.24	0.17	0.84	1.89	1.46	0.68	0.29	-0.18	0.07	0.11	0.14	0.18	-0.14	0.05
Merger & Restructuring Charges	0.31	2.48	0	0	–	–	–	–	–	–	–	–	0.18	0.37	3.29	–	–
Asset Impairment Charges	0	0	0	0	0	2.33	0	0	–	–	0	–	0.04	–	–	–	–
Gain (Loss) on Investments	–	–	–	–	–	–	0.01	0	0	–	–	–	–	–	–	–	–
Gain (Loss) on Sale of Assets	–	–	–	–	–	–	-0.39	-0.41	0	0	–	-0.04	-0.07	-0.05	-0.11	-0.06	–
Legal Settlements	–	–	–	–	–	–	–	–	–	–	–	–	–	0.78	–	–	–
Pretax Income	28	26	23	26	14	32	12	11	9.93	3.71	-12	-18	-2.78	-8.52	-25	-5.23	6.16
Income Tax Expense	4.63	2.69	1.20	2.02	-0.27	5.75	1.34	-11	-8.43	-0.01	-0.33	0.29	0.33	-0.26	1.30	-1.63	2.47
Net Income incl. Noncontrolling Interests	–	–	–	–	–	–	–	–	–	–	–	–	–	–	-26	-3.61	3.69
Net Income	23	23	22	24	14	26	11	22	18	3.72	-12	-19	-3.11	-8.25	-26	-3.61	3.69
EPS (Basic)(per share)	0.43	0.40	0.38	0.43	0.25	0.47	0.20	0.41	0.34	0.07	-0.22	-0.36	-0.06	-0.16	-0.50	-0.07	0.07
EPS (Diluted)(per share)	0.42	0.40	0.37	0.42	0.24	0.47	0.19	0.40	0.33	0.07	-0.22	-0.36	-0.06	-0.16	-0.50	-0.07	0.07
Shares Outstanding (Basic, Weighted)(shares)	54	57	56	56	57	56	55	54	54	52	52	52	51	51	53	52	50
Shares Outstanding (Diluted, Weighted)(shares)	54	58	58	58	59	57	56	55	56	55	52	52	51	51	53	52	53
EBITDA	28	24	23	30	18	35	15	14	13	7.11	-7.95	-14	0.91	-5.85	-22	-2.42	7.33

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: 64.0%
Operating margin: 11.8%
Net margin: 12.7%
Return on equity, FY2025: 11.0%

Financial strength

Current ratio: 8.05
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 331.1%

Valuation

P/E ratio: 23.8
Price to sales: 2.84
Price to book: 1.99
Dividend yield: –