Every 8-K 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 8-K covers material events a company has to report between its quarterly 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 significantly weaker results for the quarter ended June 30, 2026. Revenue was $12.0 million, down 57% from $28.1 million, with the company attributing the decline primarily to the war in Iran. Gross margin improved to 74.7% from 64.0%, and operating expenses fell 10% to $14.8 million, but the company swung to a loss from operations of $5.9 million versus $1.5 million of income a year earlier. Net loss was $3.2 million, or $0.06 per share, compared with net income of $2.1 million, or $0.04 per share.
For the first six months of 2026, revenue was $21.7 million versus $36.1 million and net loss widened to $15.4 million from $7.8 million. Adjusted EBITDA turned to a loss of $2.6 million in Q2 from $4.4 million, and to a $9.7 million loss year‑to‑date. Despite the earnings deterioration, cash and investments totaled $98.1 million, and operating activities provided $16.3 million of cash in Q2 and $37.3 million year‑to‑date, supporting free cash flow of $15.4 million in the quarter.
Energy Recovery, Inc. reported that its Board of Directors appointed John Mitchell as a director on July 9, 2026. With this appointment, the Board now consists of six directors. The company states there are no arrangements or understandings with other persons regarding his selection, no family relationships with existing officers or directors, and no transactions requiring disclosure under Item 404(a) of Regulation S-K. Mitchell will receive the same, pro-rated compensation and indemnification as other non-employee directors.
A press release dated July 13, 2026 provides additional background on Mitchell, highlighting more than three decades of global leadership roles in finance, operations, and technology-intensive industrial businesses, including senior positions at TE Connectivity and earlier financial leadership roles at several multinational companies.
Energy Recovery, Inc. filed an amended report to disclose compensation terms for Interim President and Chief Executive Officer Alex Buehler. His employment letter provides an annual base salary of $645,000 and eligibility for a success bonus, payable 30 days after the next permanent CEO’s start date if earned.
Mr. Buehler is also eligible for the company’s standard benefits. The amendment adds these compensation details to the previously filed report announcing his interim appointment, and the employment letter is filed as an exhibit and incorporated by reference.
Energy Recovery, Inc. held its 2026 annual meeting of stockholders on June 4, 2026. Stockholders voted on board elections, executive pay, auditor ratification, and an amendment to the 2020 Incentive Plan.
There were 52,001,859 shares outstanding and entitled to vote as of April 6, 2026; 44,372,394 shares, or about 85.3%, were represented, providing a quorum. All five director nominees were elected, each receiving at least 84.5% of votes cast, with broker non-votes of 4,841,120 on each director.
Stockholders approved the non-binding advisory vote on 2025 executive compensation with 32,938,286 votes for (83.3%). They ratified Deloitte & Touche LLP as independent auditor for 2026 with 44,082,317 votes for (99.3%). Amendment No. 1 to the 2020 Incentive Plan was approved with 21,152,072 votes for (53.5%), reflecting relatively closer support. Following the previously disclosed resignation of President and CEO David Moon, the board remains at six seats with one vacancy.
Energy Recovery, Inc. announced a leadership transition as President and Chief Executive Officer David Moon accelerated his previously announced retirement and resigned from all positions, effective May 26, 2026. The company states his decision was not related to any disagreement with management or the Board.
On the same date, Board member and former CFO Alex Buehler, age 51, was appointed Interim President and CEO and will serve until a permanent successor is selected. He will remain on the Board but step down from the Compensation and Audit Committees, with Director Arve Hanstveit becoming Audit Committee Chair. An executive search firm has been engaged to identify the next permanent CEO, and the company issued a press release on May 28, 2026 describing the transition.
Energy Recovery, Inc. reported first quarter 2026 results showing revenue of $9.7 million, up 20% from Q1 2025, but a net loss of $12.3 million, compared with $9.9 million a year earlier. Gross margin declined to 27.8%, mainly due to restructuring charges tied to winding down the CO₂ retail grocery business.
The company generated strong cash from operations of $21.0 million and ended the quarter with $92.1 million in cash and investments. It announced a new share repurchase authorization of up to $25.0 million over 12 months, and disclosed CEO David Moon’s planned retirement plus a CFO transition, appointing Aidan Ryan as Interim CFO.
Energy Recovery, Inc. reported fourth quarter and full-year 2025 results and decided to wind down its CO2 retail grocery business within the Emerging Technologies segment. Management cited the long timeline, required investment, and risk for scaled adoption as no longer meeting capital allocation criteria.
For Q4 2025, revenue was $66.9 million, essentially flat year over year, while gross margin was 67.2% and operating margin improved to 46.8%. Net income was $26.9 million and adjusted EBITDA was $33.6 million. Full-year 2025 revenue was $135.0 million, down 7% from 2024, with net income of $23.0 million and adjusted net income of $31.2 million.
The CO2 retail grocery wind-down is expected to be substantially complete by the end of the first quarter of 2026 and to generate $4.5 million to $5.5 million in one-time costs, including $1.0 million to $2.0 million of cash severance and several non-cash charges such as inventory reserves and goodwill impairment. Cash, cash equivalents, and investments totaled $83.3 million at December 31, 2025.
Energy Recovery, Inc. (ERII) furnished an earnings press release for the third quarter and nine months ended September 30, 2025. The press release is provided as Exhibit 99.1 and is incorporated by reference in its entirety.
The information was furnished under Item 2.02 (Results of Operations and Financial Condition) and is not deemed “filed” for purposes of Section 18 of the Exchange Act, nor incorporated by reference into Securities Act or Exchange Act filings.
Overview: On August 6, 2025, Energy Recovery, Inc. (ERII) announced that its Board authorized a share repurchase program to buy back up to $25.0 million of common stock under the "August 2025 Authorization".
Program terms: Repurchases may be made via open market trades, block trades or privately negotiated transactions. Timing and amounts are at management's discretion and will depend on business, economic, market and regulatory conditions. The program does not obligate the Company to purchase any specific number of shares and may be expanded, extended, modified or discontinued. The Company will launch the program in Q3 of fiscal 2025 and expects purchases to occur over the next nine months, funded with cash on hand.
Exhibits and signature: The filing references a press release (Ex.99.1) and an Inline XBRL cover page (Ex.104). The report is signed by William Yeung, Chief Legal Officer, dated August 6, 2025.