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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	135.19	144.95	128.35	125.59	103.9	118.99
Revenue Growth (YoY)	0.10%	12.93%	2.20%	20.87%	-12.68%	36.86%
Cost of Revenue	45.1	48.02	41.27	38.24	32.67	28.25
Gross Profit	90.09	96.93	87.08	87.36	71.23	90.74
Selling, General & Admin	54.44	58.5	51.03	44.62	37.33	33.66
Research & Development	14.09	16.24	17	17.91	20.07	23.45
Operating Expenses	68.53	74.73	68.03	62.53	57.4	57.11
Operating Income	21.56	22.2	19.05	24.83	13.83	33.63
Interest & Investment Income	4.26	6.22	3.76	0.91	0.2	0.91
Other Non Operating Income (Expenses)	-0.14	-0.21	-0.1	0.33	-0.03	-0.07
EBT Excluding Unusual Items	25.68	28.21	22.71	26.07	14	34.47
Merger & Restructuring Charges	-3.02	-2.48	-	-	-	-
Asset Writedown	-0.35	-	-	-	-	-2.33
Pretax Income	22.31	25.74	22.71	26.07	14	32.13
Income Tax Expense	2.8	2.69	1.2	2.02	-0.27	5.75
Net Income	19.52	23.05	21.5	24.05	14.27	26.39
Net Income to Common	19.52	23.05	21.5	24.05	14.27	26.39
Net Income Growth	0.70%	7.19%	-10.58%	68.54%	-45.92%	141.79%
Shares Outstanding (Basic)	55	57	56	56	57	56
Shares Outstanding (Diluted)	55	58	58	58	59	57
Shares Change (YoY)	-3.72%	0.14%	0.17%	-1.84%	3.68%	1.02%
EPS (Basic)	0.36	0.40	0.38	0.43	0.25	0.47
EPS (Diluted)	0.36	0.40	0.37	0.42	0.24	0.47
EPS Growth	7.56%	8.11%	-11.91%	75.00%	-48.94%	147.37%
Free Cash Flow	19.88	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	66.64%	66.87%	67.84%	69.56%	68.56%	76.26%
Operating Margin	15.95%	15.32%	14.84%	19.77%	13.31%	28.26%
Profit Margin	14.44%	15.90%	16.75%	19.15%	13.73%	22.18%
Free Cash Flow Margin	14.70%	13.26%	18.30%	6.69%	6.59%	8.48%
EBITDA	25.37	26.25	23.15	29.59	18.33	37.52
EBITDA Margin	18.77%	18.11%	18.04%	23.56%	17.64%	31.53%
D&A For EBITDA	3.82	4.05	4.1	4.76	4.5	3.89
EBIT	21.56	22.2	19.05	24.83	13.83	33.63
EBIT Margin	15.95%	15.32%	14.84%	19.77%	13.31%	28.26%
Effective Tax Rate	12.53%	10.43%	5.29%	7.76%	-	17.88%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q