Energy Recovery, Inc. (ERII)

NASDAQ: ERII · Real-Time Price · USD

8.68

-0.05 (-0.57%)

At close: Aug 7, 2026, 4:00 PM EDT

8.85

+0.17 (1.96%)

After-hours: Aug 7, 2026, 7:34 PM EDT

Energy Recovery Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	120.57	134.99	144.95	128.35	125.59	103.9
Revenue Growth	-14.95%	-6.87%	12.93%	2.20%	20.87%	12.83%
Gross Profit	77.18	87.93	96.93	87.08	87.36	71.23
Operating Income	-11.2	23.89	19.72	19.05	24.83	13.83
Net Income	-8.38	22.96	23.05	21.5	24.05	14.27
Earnings Per Share	0.28	0.42	0.40	0.37	0.42	0.24
EPS Growth	-33.33%	5.00%	8.11%	-11.91%	75.00%	-48.94%

Revenue by Segment

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Emerging Technologies	0.29	0.64	0.62	0.16	0.05
Water	134.7	144.31	127.73	125.43	103.85
Total	134.99	144.95	128.35	125.59	103.9

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Cash & Investments	93.06	75.25	78.02	108.54	89.83	105.69
Total Debt	8.23	9.43	11.32	13.28	0	16.44
Net Cash (Debt)	84.82	65.82	66.7	95.26	89.83	89.25
Net Cash Growth	23.00%	-1.32%	-29.98%	6.05%	0.66%	-8.01%
Net Cash Per Share	1.61	1.22	1.15	1.65	1.56	1.52

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Operating Cash Flow	41.29	18.77	20.52	26.05	12.63	19.97
Capital Expenditures	-2.69	-1.33	-1.3	-2.57	-4.23	-
Free Cash Flow	38.6	17.44	19.22	23.49	8.4	19.97
Free Cash Flow Growth	91.29%	-9.28%	-18.15%	179.64%	-57.94%	98.03%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Gross Margin	64.01%	65.14%	66.87%	67.85%	69.56%	68.56%
Operating Margin	-9.29%	17.70%	13.61%	14.84%	19.77%	13.31%
Pretax Margin	14.58%	20.44%	17.75%	17.69%	20.76%	13.48%
Profit Margin	-6.95%	17.01%	15.90%	16.75%	19.15%	13.73%
FCF Margin	32.01%	12.92%	13.26%	18.30%	6.69%	19.22%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 9, 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
PE Ratio	31.09	32.12	36.75	50.92	48.79	89.54
Forward PE	40.37	15.87	19.41	53.83	89.09	50.36
P/FCF Ratio	11.48	40.85	41.89	45.63	137.48	61.15
PS Ratio	3.67	5.28	5.56	8.35	9.19	11.75