Company research
Energy Recovery, Inc.
CIK 1421517Updated Sep 27, 2026
SecurityERII · NASDAQ · equity
ERII price & chart
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NASDAQ:ERII on TradingView ↗About the company
Energy Recovery (Nasdaq: ERII) designs and manufactures world-class energy-saving technology for critical infrastructure that communities rely on every day, driving a more resilient and sustainable future. Grounded in more than 30 years of leadership in the desalination industry, today we use our proprietary pressure exchanger technology to help customers in multiple industries improve their operations and lower their emissions. Headquartered in the San Francisco Bay Area, we operate manufacturing and R&D facilities throughout California, with sales and on-site technical support available globally.
In the news
Recent filings
S-8 filing
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
144 filing
SCHEDULE 13G/A filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 231,514,000Source | 242,792,000Source | 252,974,000Source | 217,039,000Source |
| Property, Plant and Equipment, NetUSD | 12,934,000Source | 15,424,000Source | 18,699,000Source | 19,580,000Source |
| GoodwillUSD | 12,790,000Source | 12,790,000Source | 12,790,000Source | 12,790,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 48,076,000Source | 29,627,000Source | 68,098,000Source | 56,354,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 76,639,000Source | 64,066,000Source | 46,937,000Source | 34,062,000Source |
| Inventory, NetUSD | 24,260,000Source | 24,906,000Source | 26,149,000Source | 28,366,000Source |
| Assets, CurrentUSD | 181,211,000Source | 173,656,000Source | 185,472,000Source | 157,867,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 5,063,000Source | 6,665,000Source | 3,843,000Source | 5,606,000Source |
| Operating Lease, Right-of-Use AssetUSD | 7,701,000Source | 9,695,000Source | 11,469,000Source | 13,115,000Source |
| Other Assets, NoncurrentUSD | 577,000Source | 391,000Source | 388,000Source | 366,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 25,322,000Source | 32,782,000Source | 33,166,000Source | 31,701,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | — | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 67,000Source | 66,000Source | 65,000Source | 64,000Source |
| Additional Paid in CapitalUSD | 244,397,000Source | 235,010,000Source | 217,617,000Source | 204,957,000Source |
| Retained Earnings (Accumulated Deficit)USD | 128,668,000Source | 105,706,000Source | 82,656,000Source | 61,152,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -94,000Source | 98,000Source | -44,000Source | -349,000Source |
| Stockholders' Equity Attributable to ParentUSD | 206,192,000Source | 210,010,000Source | 219,808,000Source | 185,338,000Source |
| Liabilities and EquityUSD | 231,514,000Source | 242,792,000Source | 252,974,000Source | 217,039,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 17,354,000Source | 23,428,000Source | 21,471,000Source | 18,302,000Source |
| Operating Lease, Liability, CurrentUSD | 2,531,000Source | 2,020,000Source | 1,791,000Source | 1,600,000Source |
| Accounts Payable, CurrentUSD | 2,114,000Source | 3,109,000Source | 3,000,000Source | 814,000Source |
| Operating Lease, Liability, NoncurrentUSD | 6,898,000Source | 9,297,000Source | 11,488,000Source | 13,278,000Source |
| Other Liabilities, NoncurrentUSD | 1,070,000Source | 57,000Source | 207,000Source | 121,000Source |
| Additional Financial Items | ||||
| Short-term InvestmentsUSD | 27,173,000Source | 48,392,000Source | 40,445,000Source | 33,479,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 3,760,000Source | 4,046,000Source | 4,102,000Source | 4,764,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 7,719,000Source | 10,322,000Source | 8,038,000Source | 6,508,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 12,687,000Source | 17,212,000Source | 12,873,000Source | 13,480,000Source |
| Increase (Decrease) in InventoriesUSD | -7,000Source | -1,202,000Source | -1,354,000Source | 8,282,000Source |
| Increase (Decrease) in Accounts PayableUSD | -1,462,000Source | 787,000Source | 2,629,000Source | 138,000Source |
| Deferred Income Tax Expense (Benefit)USD | 1,768,000Source | 1,289,000Source | -131,000Source | 1,218,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 18,770,000Source | 20,522,000Source | 26,054,000Source | 12,631,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 33,985,000Source | -15,654,000Source | -19,114,000Source | -6,946,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 1,330,000Source | 1,298,000Source | 2,567,000Source | 4,232,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | 0Source |
| Payments for Repurchase of Common StockUSD | 35,623,000Source | 50,384,000Source | 0Source | 26,654,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -34,534,000Source | -43,284,000Source | 4,794,000Source | -23,668,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 18,319,000Source | -38,468,000Source | 11,767,000Source | -18,003,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 48,076,000Source | 29,757,000Source | 68,225,000Source | 56,458,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Income Taxes Paid, NetUSD | 1,398,000Source | — | — | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 98,000Source | -52,000Source | 33,000Source | -20,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 7,719,000Source | 10,322,000Source | 8,038,000Source | 6,511,000Source |
| DepreciationUSD | 3,759,000Source | 4,046,000Source | 4,102,000Source | 4,727,000Source |
| General and Administrative ExpenseUSD | 29,769,000Source | 33,074,000Source | 28,864,000Source | 28,341,000Source |
| GoodwillUSD | 12,790,000Source | 12,790,000Source | 12,790,000Source | 12,790,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | — |
| Impairment of Intangible Assets (Excluding Goodwill)USD | — | — | — | 0Source |
| Income Tax Expense (Benefit)USD | 4,633,000Source | 2,685,000Source | 1,201,000Source | 2,022,000Source |
| Net Income (Loss) Attributable to ParentUSD | 22,962,000Source | 23,050,000Source | 21,504,000Source | 24,049,000Source |
| Nonoperating Income (Expense)USD | 3,706,000Source | 6,011,000Source | 3,655,000Source | 1,242,000Source |
| Operating ExpensesUSD | 64,042,000Source | 77,209,000Source | 68,029,000Source | 62,527,000Source |
| Operating Lease, Impairment LossUSD | 200,000Source | — | — | — |
| Other Nonoperating Income (Expense)USD | 92,000Source | -207,000Source | -101,000Source | 334,000Source |
| Proceeds from Issuance of Common StockUSD | 1,796,000Source | 7,100,000Source | 4,794,000Source | 2,986,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 134,987,000Source | 144,948,000Source | 128,349,000Source | 125,591,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | 23,889,000Source | 19,724,000Source | 19,050,000Source | 24,829,000Source |
| Other Nonoperating Income (Expense)USD | 92,000Source | -207,000Source | -101,000Source | 334,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 27,595,000Source | 25,735,000Source | 22,705,000Source | 26,071,000Source |
| Income Tax Expense (Benefit)USD | 4,633,000Source | 2,685,000Source | 1,201,000Source | 2,022,000Source |
| Net Income (Loss) Attributable to ParentUSD | 22,962,000Source | 23,050,000Source | 21,504,000Source | 24,049,000Source |
| Earnings Per Share, BasicUSD per share | 0.43Source | 0.4Source | 0.38Source | 0.43Source |
| Earnings Per Share, DilutedUSD per share | 0.42Source | 0.4Source | 0.37Source | 0.42Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 53,802,000Source | 57,213,000Source | 56,444,000Source | 56,221,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 54,158,000Source | 57,822,000Source | 57,740,000Source | 57,641,000Source |
| Additional Financial Items | ||||
| Current Income Tax Expense (Benefit)USD | 2,865,000Source | 1,396,000Source | 1,332,000Source | 804,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 3,760,000Source | 4,046,000Source | 4,102,000Source | 4,764,000Source |
| General and Administrative ExpenseUSD | 29,769,000Source | 33,074,000Source | 28,864,000Source | 28,341,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | — |
| Gross ProfitUSD | 87,931,000Source | 96,933,000Source | 87,079,000Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 27,423,000Source | 25,608,000Source | 22,592,000Source | 25,918,000Source |
| Nonoperating Income (Expense)USD | 3,706,000Source | 6,011,000Source | 3,655,000Source | 1,242,000Source |
| Operating ExpensesUSD | 64,042,000Source | 77,209,000Source | 68,029,000Source | 62,527,000Source |
| Research and Development ExpenseUSD | 13,034,000Source | 16,236,000Source | 17,001,000Source | 17,909,000Source |
| Selling and Marketing ExpenseUSD | 20,926,000Source | 25,423,000Source | 22,164,000Source | 16,277,000Source |
Filing attachments
ex991-pressrelease2026x0713.htm · 8-K · 2026-07-13
EX-99.1 2 ex991-pressrelease2026x0713.htm EX-99.1 - PRESS RELEASE DATED JULY 13, 2026 Document Exhibit 99.1 John Mitchell Joins Energy Recovery Board of Directors SAN LEANDRO, Calif. - Jul. 13, 2026 - Energy Recovery (Nasdaq: ERII), a global leader in energy-efficient technology enabling affordable, reliable water and reduced emissions, today announced the appointment of John Mitchell to its Board of Directors. “John is an accomplished global executive who has spent his career operating …
Read attachment ↗ex991-pressrelease2026x0528.htm · 8-K · 2026-05-28
EX-99.1 2 ex991-pressrelease2026x0528.htm EX-99.1 - PRESS RELEASE DATED MAY 28, 2026 Document Exhibit 99.1 Energy Recovery Announces Appointment of Alex Buehler as Interim President and Chief Executive Officer SAN LEANDRO, Calif. - May. 28, 2026 - Energy Recovery (Nasdaq: ERII), a global leader in energy-efficient technology enabling affordable, reliable water and reduced emissions, today announced that current Board of Directors member Alex Buehler has been named Interim President and CE…
Read attachment ↗ex991-pressrelease2025x080.htm · 8-K · 2025-08-06
EX-99.1 2 ex991-pressrelease2025x080.htm EX-99.1 PRESS RELEASE Document Exhibit 99.1 Energy Recovery Announces New Share Repurchase Program • New $25 million repurchase follows two earlier programs for a total of $105 million between November 2024 and August 2025 ◦ $50 million share repurchase announced in November 2024 was completed in Q4 2024 ◦ $30 million share repurchase announced in February 2025 is nearing completion • Board authorization reflects continued strong cash generation…
Read attachment ↗ex991-pressrelease2025x022.htm · 8-K · 2025-02-26
EX-99.1 3 ex991-pressrelease2025x022.htm EXHIBIT 99.1 - PRESS RELEASE Document Exhibit 99.1 Energy Recovery Appoints New CTO and VP, Wastewater • Dr. Ram Ramanan, with more than three decades in product innovation leadership at companies including Bloom Energy, to become Chief Technology Officer • Dr. Ramanan to assume duties following the handover and retirement of Farshad Ghasripoor, who will serve as an executive advisor through October 2025 • After six years with Energy Recovery, Da…
Read attachment ↗ex991-pressrelease2025x022.htm · 8-K · 2025-02-26
EX-99.1 2 ex991-pressrelease2025x022.htm EXHIBIT 99.1 - PRESS RELEASE Document Exhibit 99.1 Energy Recovery Announces New Share Repurchase Program • New $30 million program follows Q4 2024 completion of share repurchase announced in November 2024 • Board authorization underscores balance sheet strength and free cash flow generation as company executes growth strategy • Continued cost management and margin improvement initiatives driving confidence in long-term strategic operating plan …
Read attachment ↗