Energy Recovery, Inc. (ERII)

Energy Recovery Income Statement

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

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

Updated Feb 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q