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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	140.92	144.95	128.35	125.59	103.9	118.99
Revenue Growth (YoY)	10.93%	12.93%	2.20%	20.87%	-12.68%	36.86%
Cost of Revenue	46.67	48.02	41.27	38.24	32.67	28.25
Gross Profit	94.26	96.93	87.08	87.36	71.23	90.74
Selling, General & Admin	58.26	58.5	51.03	44.62	37.33	33.66
Research & Development	14.89	16.24	17	17.91	20.07	23.45
Operating Expenses	73.15	74.73	68.03	62.53	57.4	57.11
Operating Income	21.11	22.2	19.05	24.83	13.83	33.63
Interest & Investment Income	5.85	6.22	3.76	0.91	0.2	0.91
Other Non Operating Income (Expenses)	-0.15	-0.21	-0.1	0.33	-0.03	-0.07
EBT Excluding Unusual Items	26.81	28.21	22.71	26.07	14	34.47
Merger & Restructuring Charges	-3.02	-2.48	-	-	-	-
Asset Writedown	-	-	-	-	-	-2.33
Pretax Income	23.8	25.74	22.71	26.07	14	32.13
Income Tax Expense	2.37	2.69	1.2	2.02	-0.27	5.75
Net Income	21.43	23.05	21.5	24.05	14.27	26.39
Net Income to Common	21.43	23.05	21.5	24.05	14.27	26.39
Net Income Growth	9.67%	7.19%	-10.58%	68.54%	-45.92%	141.79%
Shares Outstanding (Basic)	57	57	56	56	57	56
Shares Outstanding (Diluted)	57	58	58	58	59	57
Shares Change (YoY)	-1.18%	0.14%	0.17%	-1.84%	3.68%	1.02%
EPS (Basic)	0.38	0.40	0.38	0.43	0.25	0.47
EPS (Diluted)	0.37	0.40	0.37	0.42	0.24	0.47
EPS Growth	9.93%	8.11%	-11.91%	75.00%	-48.94%	147.37%
Free Cash Flow	24.04	19.22	23.49	8.4	6.84	10.09
Free Cash Flow Per Share	0.42	0.33	0.41	0.15	0.12	0.18
Gross Margin	66.88%	66.87%	67.84%	69.56%	68.56%	76.26%
Operating Margin	14.98%	15.32%	14.84%	19.77%	13.31%	28.26%
Profit Margin	15.21%	15.90%	16.75%	19.15%	13.73%	22.18%
Free Cash Flow Margin	17.06%	13.26%	18.30%	6.69%	6.59%	8.48%
EBITDA	25.09	26.25	23.15	29.59	18.33	37.52
EBITDA Margin	17.80%	18.11%	18.04%	23.56%	17.64%	31.53%
D&A For EBITDA	3.98	4.05	4.1	4.76	4.5	3.89
EBIT	21.11	22.2	19.05	24.83	13.83	33.63
EBIT Margin	14.98%	15.32%	14.84%	19.77%	13.31%	28.26%
Effective Tax Rate	9.95%	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