Energy Recovery, Inc.
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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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, 2026 · Filed Nov 4, 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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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| (In thousands) | ||
| Cash flows from operating activities: | ||
| Net loss | $(21,779) | $(3,952) |
| Adjustments to reconcile net loss to cash provided by (used in) operating activities | ||
| Stock-based compensation | 4,396 | 6,106 |
| Depreciation and amortization | 3,008 | 2,819 |
| Accretion (amortization) of discounts (premiums) on investments | (329) | (308) |
| Deferred income taxes | (6,160) | (707) |
| Impairment of long-lived assets | — | 353 |
| Impairment of goodwill | 1,662 | — |
| Restructuring - inventory reserve | 1,632 | — |
| Inventory reserve adjustment | 766 | 575 |
| Other non-cash adjustments | (52) | (91) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 65,997 | 19,946 |
| Contract assets | 1,647 | (17) |
| Inventories, net | (22,213) | (9,320) |
| Prepaid expenses and other assets | (2,365) | (1,063) |
| Accounts payable | 5,229 | 1,212 |
| Income taxes | (2,368) | (903) |
| Accrued expenses and other liabilities | (746) | (4,319) |
| Contract liabilities | (229) | 1,362 |
| Net cash provided by operating activities | 28,096 | 11,693 |
| Cash flows from investing activities: | ||
| Maturities of marketable securities | 38,250 | 60,150 |
| Purchases of marketable securities | (45,946) | (22,480) |
| Capital expenditures | (2,148) | (668) |
| Proceeds from sales of fixed assets | 13 | 10 |
| Net cash (used in) provided by investing activities | (9,831) | 37,012 |
| Cash flows from financing activities: | ||
| Net proceeds from issuance of common stock | 132 | 1,931 |
| Tax payment for employee shares withheld | (725) | (567) |
| Repurchase of common stock | (23,047) | (32,178) |
| Payment of excise tax associated with repurchase of common stock | (199) | (603) |
| Net cash used in financing activities | (23,839) | (31,417) |
| Effect of exchange rate differences on cash and cash equivalents | (20) | 58 |
| Net change in cash, cash equivalents and restricted cash | (5,594) | 17,346 |
| Cash, cash equivalents and restricted cash, beginning of year | 48,076 | 29,757 |
| Cash and cash equivalents, end of period | $42,482 | $47,103 |
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