Energy Recovery, Inc. (ERII)

Energy Recovery Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	134.99	144.95	128.35	125.59	103.9
Revenue Growth (YoY)	-6.87%	12.93%	2.20%	20.87%	12.83%
Cost of Revenue	47.06	48.02	41.27	38.24	32.67
Gross Profit	87.93	96.93	87.08	87.36	71.23
Selling, General & Admin	50.7	58.5	51.03	44.62	37.33
Research & Development	13.03	16.24	17	17.91	20.07
Other Operating Expenses	0.31	2.48	-	-	-
Total Operating Expenses	64.04	77.21	68.03	62.53	57.4
Operating Income	23.89	19.72	19.05	24.83	13.83
Interest Income	-	-	-	0.91	0.2
Other Non-Operating Income (Expense)	-	-	-	0.33	-0.03
Total Non-Operating Income (Expense)	3.71	6.01	3.66	1.24	0.17
Pretax Income	27.6	25.74	22.71	26.07	14
Provision for Income Taxes	4.63	2.69	1.2	2.02	-0.27
Net Income	22.96	23.05	21.5	24.05	14.27
Net Income to Common	22.96	23.05	21.5	24.05	14.27
Net Income Growth	-0.38%	7.19%	-10.58%	68.54%	-45.92%
Shares Outstanding (Basic)	54	57	56	56	57
Shares Outstanding (Diluted)	54	58	58	58	59
Shares Change (YoY)	-6.34%	0.14%	0.17%	-1.84%	3.68%
EPS (Basic)	0.43	0.40	0.38	0.43	0.25
EPS (Diluted)	0.42	0.40	0.37	0.42	0.24
EPS Growth	5.00%	8.11%	-11.91%	75.00%	-48.94%
Free Cash Flow	17.44	19.22	23.49	8.4	19.97
Free Cash Flow Growth	-9.28%	-18.15%	179.64%	-57.94%	98.03%
Free Cash Flow Per Share	0.32	0.33	0.41	0.15	0.34
Gross Margin	65.14%	66.87%	67.85%	69.56%	68.56%
Operating Margin	17.70%	13.61%	14.84%	19.77%	13.31%
Profit Margin	17.01%	15.90%	16.75%	19.15%	13.73%
FCF Margin	12.92%	13.26%	18.30%	6.69%	19.22%
EBITDA	27.65	23.77	23.15	31.13	19.77
EBITDA Margin	20.48%	16.40%	18.04%	24.79%	19.03%
EBIT	23.89	19.72	19.05	24.83	13.83
EBIT Margin	17.70%	13.61%	14.84%	19.77%	13.31%
Effective Tax Rate	16.79%	10.43%	5.29%	7.76%	-1.89%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q