NASDAQ:ERII
Energy Recovery, Inc.
Energy Recovery, Inc.'s revenue fell 6.9% in fiscal 2025 to $135.0M while operating margin rose to 17.7%. Free cash flow was $17.4M, 12.9% of revenue, and the diluted share count fell 6.3%.Summary generated from Energy Recovery, Inc.'s SEC filings. Latest annual report filed Feb 25, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$135.0M
Revenue growth−6.9%
Revenue, 5-yr CAGR+2.6%
Gross margin65.1%
Operating margin17.7%
Net margin17.0%
ROICn/a
Return on equity11.0%
Debt / equityn/a
Free cash flow$17.4M
FCF margin12.9%
Share count change−6.3%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 104 | 126 | 128 | 145 | 135 |
| Operating income | 14 | 25 | 19 | 20 | 24 |
| Net income | 14 | 24 | 22 | 23 | 23 |
| Free cash flow | 7 | 8 | 23 | 19 | 17 |
Recent filings
- 10-QQuarterly report for the period ended Jun 30, 2026
Aug 5, 2026 - 8-KResults of operations and financial condition
Aug 5, 2026 - 4Insider transaction report
Jul 29, 2026 - 4Insider transaction report
Jul 29, 2026 - 8-KDirector or officer change
Jul 13, 2026 - 8-K/AAmended director or officer change
Jun 11, 2026 - 8-KResults of a shareholder vote
Jun 8, 2026 - 8-KDirector or officer change
May 28, 2026