Energy Recovery, Inc. (ERII)

Energy Recovery Cash Flow 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
Net Income	22.96	23.05	21.5	24.05	14.27
Depreciation & Amortization	-	5.82	5.75	6.3	5.94
Loss (Gain) From Sale of Investments	-	-1.33	-0.86	0.68	0.57
Stock-Based Compensation	-	10.32	8.04	6.51	6.05
Other Operating Activities	11.95	1.4	0.97	0.96	0.56
Change in Accounts Receivable	-	-19.4	-11.75	-14.71	-7.42
Change in Inventory	-	1.2	1.35	-8.28	-8.77
Change in Accounts Payable	-	0.79	2.63	0.14	-0.16
Change in Unearned Revenue	-	-0.62	-0.13	-2.09	1.77
Change in Other Net Operating Assets	-16.14	-0.72	-1.45	-0.92	0.71
Operating Cash Flow	18.77	20.52	26.05	12.63	13.53
Operating Cash Flow Growth	-8.54%	-21.23%	106.27%	-6.62%	-19.82%
Capital Expenditures	-1.33	-1.3	-2.57	-4.23	-6.68
Sale of Property, Plant & Equipment	0.01	0.13	0.09	1.1	0.01
Investment in Securities	35.31	-14.49	-16.63	-3.82	-13.88
Investing Cash Flow	33.99	-15.65	-19.11	-6.95	-20.56
Issuance of Common Stock	1.8	7.1	4.79	2.99	10.55
Repurchase of Common Stock	-36.33	-50.38	-	-26.65	-23.35
Financing Cash Flow	-34.53	-43.28	4.79	-23.67	-12.79
Foreign Exchange Rate Adjustments	0.1	-0.05	0.03	-0.02	-0.07
Net Cash Flow	18.32	-38.47	11.77	-18	-19.9
Free Cash Flow	17.44	19.22	23.49	8.4	6.84
Free Cash Flow Growth	-9.28%	-18.15%	179.64%	22.76%	-32.16%
Free Cash Flow Margin	12.92%	13.26%	18.30%	6.69%	6.59%
Free Cash Flow Per Share	0.32	0.33	0.41	0.15	0.12
Cash Income Tax Paid	-	1.55	0.5	0.55	-0.19
Levered Free Cash Flow	3.57	11.74	17.21	0.62	0.11
Unlevered Free Cash Flow	3.57	11.74	17.21	0.62	0.11
Change in Working Capital	-16.14	-18.74	-9.34	-25.87	-13.87

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q