Energy Recovery, Inc.

For the period ended Sep 30, 2026. Filed Nov 4, 2026.

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, 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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Contents

Condensed Consolidated Statements of Operations

Three Months Ended September 30, · Nine Months Ended September 30,
2026 · 2025 · 2026 · 2025
(In thousands, except per share data)
Revenue	$11,196	$32,000	$32,898	$68,116
Cost of revenue	6,999	11,442	15,410	25,146
Restructuring - inventory reserve	—	—	1,632	—
Gross profit	4,197	20,558	15,856	42,970
Operating expenses:
General and administrative	6,712	7,514	19,968	23,757
Sales and marketing	4,165	5,714	13,620	15,980
Research and development	3,115	3,668	8,753	10,120
Restructuring charges	—	—	2,391	539
Impairment of goodwill	—	—	1,662	—
Total operating expenses	13,992	16,896	46,394	50,396
Income (loss) from operations	(9,795)	3,662	(30,538)	(7,426)
Other income (expense):
Interest income	683	847	2,088	2,860
Other non-operating income (expense), net	(87)	45	143	25
Total other income, net	596	892	2,231	2,885
Income (loss) before income taxes	(9,199)	4,554	(28,307)	(4,541)
Provision for (benefit from) income taxes	(2,869)	680	(6,528)	(589)
Net income (loss)	$(6,330)	$3,874	$(21,779)	$(3,952)
Net income (loss) per share:
Basic	$ (0.12)	$ 0.07	$ (0.42)	$ (0.07)
Diluted	$ (0.12)	$ 0.07	$ (0.42)	$ (0.07)
Number of shares used in per share calculations:
Basic	51,033	53,162	51,714	54,101
Diluted	51,033	53,466	51,714	54,101

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.