Energy Recovery, Inc. (ERII)

Energy Recovery Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	141.78	144.95	128.35	125.59	103.9	118.99
Revenue Growth (YoY)	6.19%	12.93%	2.20%	20.87%	-12.68%	36.86%
Cost of Revenue	47.13	48.02	41.27	38.24	32.67	28.25
Gross Profit	94.64	96.93	87.08	87.36	71.23	90.74
Selling, General & Admin	55.3	58.5	51.03	44.62	37.33	33.66
Research & Development	14.39	16.24	17	17.91	20.07	23.45
Operating Expenses	69.69	74.73	68.03	62.53	57.4	57.11
Operating Income	24.95	22.2	19.05	24.83	13.83	33.63
Interest & Investment Income	5.13	6.22	3.76	0.91	0.2	0.91
Other Non Operating Income (Expenses)	-0.13	-0.21	-0.1	0.33	-0.03	-0.07
EBT Excluding Unusual Items	29.95	28.21	22.71	26.07	14	34.47
Merger & Restructuring Charges	-3.02	-2.48	-	-	-	-
Asset Writedown	-0.35	-	-	-	-	-2.33
Pretax Income	26.59	25.74	22.71	26.07	14	32.13
Income Tax Expense	2.46	2.69	1.2	2.02	-0.27	5.75
Net Income	24.13	23.05	21.5	24.05	14.27	26.39
Net Income to Common	24.13	23.05	21.5	24.05	14.27	26.39
Net Income Growth	17.33%	7.19%	-10.58%	68.54%	-45.92%	141.79%
Shares Outstanding (Basic)	56	57	56	56	57	56
Shares Outstanding (Diluted)	56	58	58	58	59	57
Shares Change (YoY)	-2.95%	0.14%	0.17%	-1.84%	3.68%	1.02%
EPS (Basic)	0.43	0.40	0.38	0.43	0.25	0.47
EPS (Diluted)	0.43	0.40	0.37	0.42	0.24	0.47
EPS Growth	25.10%	8.11%	-11.91%	75.00%	-48.94%	147.37%
Free Cash Flow	20.18	19.22	23.49	8.4	6.84	10.09
Free Cash Flow Per Share	0.36	0.33	0.41	0.15	0.12	0.18
Gross Margin	66.76%	66.87%	67.84%	69.56%	68.56%	76.26%
Operating Margin	17.60%	15.32%	14.84%	19.77%	13.31%	28.26%
Profit Margin	17.02%	15.90%	16.75%	19.15%	13.73%	22.18%
Free Cash Flow Margin	14.23%	13.26%	18.30%	6.69%	6.59%	8.48%
EBITDA	28.86	26.25	23.15	29.59	18.33	37.52
EBITDA Margin	20.36%	18.11%	18.04%	23.56%	17.64%	31.53%
D&A For EBITDA	3.91	4.05	4.1	4.76	4.5	3.89
EBIT	24.95	22.2	19.05	24.83	13.83	33.63
EBIT Margin	17.60%	15.32%	14.84%	19.77%	13.31%	28.26%
Effective Tax Rate	9.25%	10.43%	5.29%	7.76%	-	17.88%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q