Every 10-Q that Energy Recovery Inc (ERII) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ERII and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ERII filings page.
Energy Recovery, Inc. reported Q2 2026 revenue of $ 11,996 (in thousands), down 57% from Q2 2025, and first-half 2026 revenue of $ 21,702 (in thousands), down 40%. The decline was driven mainly by much lower megaproject shipments and softer wastewater OEM demand, particularly in Asia.
Q2 gross margin improved to 74.7% on channel mix and lower indirect manufacturing costs, but first-half gross margin fell to 53.7% after a $ 1,632 (in thousands) inventory reserve tied to winding down the CO2 retail grocery business. The company posted a Q2 net loss of $ ( 3,198 ) (in thousands), compared with net income of $ 2,054 (in thousands) in Q2 2025, and a first-half net loss of $ ( 15,449 ) (in thousands) versus $ ( 7,826 ) (in thousands) a year earlier.
At June 30, 2026, cash and cash equivalents were $ 61,438 (in thousands) and short- and long-term investments were $ 36,636 (in thousands), with no revolving loans outstanding under a $ 50.0 million credit line. The company repurchased 1,949,753 shares for $ 20,679 (in thousands) in the first half and is now organized around Desalination and Wastewater after exiting the CO2 retail grocery business.
Energy Recovery, Inc. reported a net loss of $12.3M for the three months ended March 31, 2026, compared with a $9.9M loss a year earlier, as restructuring and impairment charges weighed on results.
Revenue rose $1.6M to $9.7M, driven by higher original equipment sales in desalination, wastewater and emerging technologies, while aftermarket revenue declined. Gross margin fell to 27.8% from 55.3%, mainly due to a $1.6M CO2 inventory restructuring reserve and higher costs.
The company wound down its CO2 retail grocery business, recording about $1.5M in restructuring charges and a $1.7M goodwill impairment. Even so, cash from operations increased to $21.0M, and cash, cash equivalents and investments totaled roughly $92.1M. Energy Recovery repurchased 960,303 shares for about $10.7M in the quarter and extended its $50M revolving credit facility to 2031.
Energy Recovery, Inc. reported Q3 2025 results. Revenue was $32.0 million, down 17% year over year, as megaproject shipments softened in the Middle East and Africa and Europe, partly offset by stronger activity in Asia and OEM sales. Gross margin was 64.2% versus 65.1% a year ago, reflecting product mix and tariffs. Net income was $3.9 million ($0.07 diluted EPS) compared with $8.5 million ($0.15) in Q3 2024.
For the first nine months, revenue was $68.1 million (down 13%), with a net loss of $4.0 million. The Water segment generated essentially all revenue; Emerging Technologies contributed $0.1 million in Q3 and posted an operating loss. Operating expenses fell 6% in Q3 and 10% year to date, helped by lower compensation and development costs; restructuring charges totaled $0.5 million year to date.
Liquidity remained solid with $47.1 million in cash and cash equivalents and $32.8 million in marketable investments. The company had no borrowings under its $50 million revolving credit line and $18.2 million of letters of credit outstanding. Share repurchases totaled $32.2 million year to date under February and August 2025 authorizations. Shares outstanding were 52,979,801 as of September 30, 2025.