Energy Recovery Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	136.63	134.99	144.95	128.35	125.59	103.9
Revenue Growth (YoY)	-3.05%	-6.87%	12.93%	2.20%	20.87%	12.83%
Cost of Revenue	48.82	47.06	48.02	41.27	38.24	32.67
Gross Profit	86.18	87.93	96.93	87.08	87.36	71.23
Selling, General & Admin	48.79	50.7	58.5	51.03	44.62	37.33
Research & Development	12.82	13.03	16.24	17	17.91	20.07
Other Operating Expenses	4.6	0.31	2.48	-	-	-
Total Operating Expenses	66.22	64.04	77.21	68.03	62.53	57.4
Operating Income	21.59	23.89	19.72	19.05	24.83	13.83
Interest Income	2.51	-	-	-	0.91	0.2
Other Non-Operating Income (Expense)	0.13	-	-	-	0.33	-0.03
Total Non-Operating Income (Expense)	2.64	3.71	6.01	3.66	1.24	0.17
Pretax Income	25.05	27.6	25.74	22.71	26.07	14
Provision for Income Taxes	4.46	4.63	2.69	1.2	2.02	-0.27
Net Income	20.59	22.96	23.05	21.5	24.05	14.27
Net Income to Common	20.59	22.96	23.05	21.5	24.05	14.27
Net Income Growth	-3.91%	-0.38%	7.19%	-10.58%	68.54%	-45.92%
Shares Outstanding (Basic)	53	54	57	56	56	57
Shares Outstanding (Diluted)	53	54	58	58	58	59
Shares Change (YoY)	-6.07%	-6.34%	0.14%	0.17%	-1.84%	3.68%
EPS (Basic)	0.39	0.43	0.40	0.38	0.43	0.25
EPS (Diluted)	0.38	0.42	0.40	0.37	0.42	0.24
EPS Growth	2.70%	5.00%	8.11%	-11.91%	75.00%	-48.94%
Free Cash Flow	27.18	17.44	19.22	23.49	8.4	19.97
Free Cash Flow Growth	55.83%	-9.28%	-18.15%	179.64%	-57.94%	98.03%
Free Cash Flow Per Share	0.51	0.32	0.33	0.41	0.15	0.34
Gross Margin	63.07%	65.14%	66.87%	67.85%	69.56%	68.56%
Operating Margin	15.80%	17.70%	13.61%	14.84%	19.77%	13.31%
Profit Margin	15.07%	17.01%	15.90%	16.75%	19.15%	13.73%
FCF Margin	19.89%	12.92%	13.26%	18.30%	6.69%	19.22%
EBITDA	25.87	27.65	23.77	23.15	31.13	19.77
EBITDA Margin	18.93%	20.48%	16.40%	18.04%	24.79%	19.03%
EBIT	21.59	23.89	19.72	19.05	24.83	13.83
EBIT Margin	15.80%	17.70%	13.61%	14.84%	19.77%	13.31%
Effective Tax Rate	17.81%	16.79%	10.43%	5.29%	7.76%	-1.89%

SEC Filings: 10-K · 10-Q