Energy Recovery, Inc.ERIIEarnings & Financial Report
Nasdaq
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
NextMar 19, 2026
ERII Q3 2025 Key Financial Metrics
Revenue
$32.0M
Gross Profit
$20.6M
Operating Profit
$3.7M
Net Profit
$3.9M
Gross Margin
64.2%
Operating Margin
11.4%
Net Margin
12.1%
YoY Growth
-17.1%
EPS
$0.07
Financial Flow
Energy Recovery, Inc. Q3 2025 Financial Summary
Energy Recovery, Inc. reported revenue of $32.0M for Q3 2025, with a net profit of $3.9M (12.1% margin). Cost of goods sold was $11.4M, operating expenses totaled $16.9M.
Key Financial Metrics
| Total Revenue | $32.0M |
|---|---|
| Net Profit | $3.9M |
| Gross Margin | 64.2% |
| Operating Margin | 11.4% |
| Report Period | Q3 2025 |
Energy Recovery, Inc. Annual Revenue by Year
Energy Recovery, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $144.9M).
| Year | Annual Revenue |
|---|---|
| 2024 | $144.9M |
| 2023 | $128.3M |
| 2022 | $125.6M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $57.2M | $12.1M | $27.2M | $38.6M | $67.1M | $8.1M | $28.1M | $32.0M |
| YoY Growth | 35.2% | -9.8% | 31.3% | 4.2% | 17.3% | -33.3% | 3.1% | -17.1% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $253.0M | $244.3M | $249.0M | $262.7M | $242.8M | $225.4M | $212.3M | $209.6M |
| Liabilities | $33.2M | $28.2M | $30.5M | $28.8M | $32.8M | $27.3M | $27.1M | $28.8M |
| Equity | $219.8M | $216.0M | $218.5M | $233.9M | $210.0M | $198.1M | $185.2M | $180.8M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $13.8M | $6.5M | $8.1M | $-3.0M | $9.0M | $10.7M | $4.1M | $-3.1M |