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. revenue by segment
By business segment
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Water | $134.70M | $144.31M | $127.73M | $125.43M | $103.85M | $92.06M | – | – | – | – | 99.8% | -6.7% |
| Emerging Technologies | $285.00K | $638.00K | $624.00K | $163.00K | $53.00K | $26.93M | $14.21M | – | – | – | 0.2% | -55.3% |
| Water | – | – | – | – | $103.85M | $92.06M | $72.73M | $60.51M | $54.30M | $47.55M | – | – |
| Emerging Technologies | – | – | – | – | – | – | $14.21M | $14.00M | $14.83M | $10.24M | – | – |
| Operating income | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Water | $61.98M | $67.44M | $61.74M | $65.12M | $52.69M | $45.70M | – | – | – | – | -8.1% |
| Emerging Technologies | -$14.38M | -$23.69M | -$23.09M | -$20.82M | -$23.53M | -$2.50M | – | – | – | – | -39.3% |
| Water | – | – | – | – | – | – | $39.61M | $33.10M | $29.39M | $23.07M | – |
| Emerging Technologies | – | – | – | – | – | – | -$7.38M | -$4.97M | -$4.21M | -$3.95M | – |
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| License and development | – | – | – | $0 | $0 | $26.90M | $14.11M | $13.49M | $11.11M | $8.07M | – | – |
| Emerging Technologies | – | – | – | – | – | – | – | $508.00K | $3.71M | $2.16M | – | – |
| License and development revenue | – | – | – | – | – | – | – | $13.49M | $11.11M | $8.07M | – | – |
| Product | – | – | – | $125.59M | $103.90M | $92.09M | $72.83M | $61.03M | $58.02M | $47.56M | – | – |
| Product | – | – | – | $125.59M | $103.90M | $92.09M | $72.83M | $61.03M | $58.02M | $49.72M | – | – |
By region
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Middle East | $68.18M | $59.94M | $49.68M | $86.32M | $78.40M | $73.96M | $46.68M | $36.11M | $29.90M | $21.61M | 50.5% | +13.7% |
| Other | $51.80M | $54.28M | $51.74M | – | – | – | – | – | – | – | 38.4% | -4.6% |
| Africa | $15.01M | $30.73M | $26.94M | – | – | – | – | – | – | – | 11.1% | -51.2% |
| Domestic [Member] | – | – | – | – | – | – | – | – | – | $1.20M | – | – |
| International [Member] | – | – | – | – | – | – | – | – | – | $48.51M | – | – |
| United States | – | – | – | – | – | – | – | $1.65M | $1.71M | $1.20M | – | – |
| International | – | – | – | – | – | – | – | $59.38M | $56.32M | $48.51M | – | – |
| Asia | – | $36.07M | $30.50M | $24.78M | $18.64M | $7.36M | $11.95M | $11.96M | $12.97M | $17.40M | – | – |
| Americas | – | $9.00M | $15.20M | $8.58M | $3.26M | $34.20M | $23.13M | $19.88M | $18.14M | $13.49M | – | – |
| Europe | – | $9.22M | $6.03M | $5.92M | $3.60M | $3.46M | $5.19M | $6.58M | $8.11M | $5.29M | – | – |
From the segment and revenue-disaggregation notes of Energy Recovery's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.