Energy Recovery, Inc.
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
ERII$7.33-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| (In thousands, except shares and per share data) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $48,076 | $29,627 |
| Short-term investments | 27,173 | 48,392 |
| Accounts receivable, net | 76,639 | 64,066 |
| Inventories, net | 24,260 | 24,906 |
| Prepaid expenses and other assets | 5,063 | 6,665 |
| Total current assets | 181,211 | 173,656 |
| Long-term investments | 8,034 | 21,832 |
| Deferred tax assets, net | 8,267 | 9,004 |
| Property and equipment, net | 12,934 | 15,424 |
| Operating lease, right of use asset | 7,701 | 9,695 |
| Goodwill | 12,790 | 12,790 |
| Other assets, non-current | 577 | 391 |
| Total assets | $231,514 | $242,792 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $2,114 | $3,109 |
| Accrued expenses and other liabilities | 11,670 | 17,728 |
| Lease liabilities | 2,531 | 2,020 |
| Contract liabilities | 1,039 | 571 |
| Total current liabilities | 17,354 | 23,428 |
| Lease liabilities, non-current | 6,898 | 9,297 |
| Other liabilities, non-current | 1,070 | 57 |
| Total liabilities | 25,322 | 32,782 |
| Commitments and contingencies (Note 7) | ||
| Stockholders’ equity: | ||
| Common stock, $0.001 par value; 200,000,000 shares authorized; 66,774,081 shares issued and 52,806,822 shares outstanding at December 31, 2025 and 66,182,906 shares issued and 54,785,861 shares outstanding at December 31, 2024 | 67 | 66 |
| Additional paid-in capital | 244,397 | 235,010 |
| Accumulated other comprehensive (loss) income | (94) | 98 |
| Treasury stock, at cost, 13,967,259 shares repurchased at December 31, 2025 and 11,397,045 shares repurchased at December 31, 2024 | (166,846) | (130,870) |
| Retained earnings | 128,668 | 105,706 |
| Total stockholders’ equity | 206,192 | 210,010 |
| Total liabilities and stockholders’ equity | $231,514 | $242,792 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.