Energy Recovery, Inc.

For the period ended Sep 30, 2025. Filed Nov 5, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 5, 2025

ERII$7.33-0.8%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations

	Three Months Ended September 30,		Nine Months Ended September 30,
	2025	2024	2025	2024
(In thousands, except per share data)
Revenue	$32,000	$38,584	$68,116	$77,873
Cost of revenue	11,442	13,472	25,146	28,060
Gross profit	20,558	25,112	42,970	49,813
Operating expenses:
General and administrative	7,514	7,673	23,757	24,771
Sales and marketing	5,714	6,413	15,980	18,669
Research and development	3,668	3,969	10,120	12,264
Restructuring charges	—	—	539	—
Total operating expenses	16,896	18,055	50,396	55,704
Income (loss) from operations	3,662	7,057	(7,426)	(5,891)
Other income (expense):
Interest income	847	1,711	2,860	4,816
Other non-operating income (expense), net	45	57	25	(45)
Total other income, net	892	1,768	2,885	4,771
Income (loss) before income taxes	4,554	8,825	(4,541)	(1,120)
Provision for (benefit from) income taxes	680	344	(589)	(699)
Net income (loss)	$3,874	$8,481	$(3,952)	$(421)
Net income (loss) per share:
Basic	$ 0.07	$ 0.15	$ (0.07)	$ (0.01)
Diluted	$ 0.07	$ 0.15	$ (0.07)	$ (0.01)
Number of shares used in per share calculations:
Basic	53,162	57,756	54,101	57,409
Diluted	53,466	58,290	54,101	57,409

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.