Energy Recovery Inc
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
ERII$7.39+3.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| (In thousands, except shares and per share data) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $29,627 | $68,098 |
| Short-term investments | 48,392 | 40,445 |
| Accounts receivable, net | 64,066 | 46,937 |
| Inventories, net | 24,906 | 26,149 |
| Prepaid expenses and other assets | 6,665 | 3,843 |
| Total current assets | 173,656 | 185,472 |
| Long-term investments | 21,832 | 13,832 |
| Deferred tax assets, net | 9,004 | 10,324 |
| Property and equipment, net | 15,424 | 18,699 |
| Operating lease, right of use asset | 9,695 | 11,469 |
| Goodwill | 12,790 | 12,790 |
| Other assets, non-current | 391 | 388 |
| Total assets | $242,792 | $252,974 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $3,109 | $3,000 |
| Accrued expenses and other liabilities | 17,728 | 15,583 |
| Lease liabilities | 2,020 | 1,791 |
| Contract liabilities | 571 | 1,097 |
| Total current liabilities | 23,428 | 21,471 |
| Lease liabilities, non-current | 9,297 | 11,488 |
| Other liabilities, non-current | 57 | 207 |
| Total liabilities | 32,782 | 33,166 |
| Commitments and contingencies (Note 7) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.001 par value; 10,000,000 shares authorized; no shares issued or outstanding at December 31, 2024 and 2023 | — | — |
| Common stock, $0.001 par value; 200,000,000 shares authorized; 66,182,906 shares issued and 54,785,861 shares outstanding at December 31, 2024 and 65,029,459 shares issued and 56,880,947 shares outstanding at December 31, 2023 | 66 | 65 |
| Additional paid-in capital | 235,010 | 217,617 |
| Accumulated other comprehensive income (loss) | 98 | (44) |
| Treasury stock, at cost, 11,397,045 shares repurchased at December 31, 2024 and 8,148,512 shares repurchased at December 31, 2023 | (130,870) | (80,486) |
| Retained earnings | 105,706 | 82,656 |
| Total stockholders’ equity | 210,010 | 219,808 |
| Total liabilities and stockholders’ equity | $242,792 | $252,974 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.