ERII
Energy Recovery Inc
NASDAQ: ERII · INDUSTRIALS · POLLUTION & TREATMENT CONTROLS
$10.70
-3.52% today
Updated 2026-04-29
Market cap
$595.91M
P/E ratio
26.86
P/S ratio
4.42x
EPS (TTM)
$0.42
Dividend yield
—
52W range
$9 – $18
Volume
0.9M
Energy Recovery Inc (ERII) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.06M | $35.41M | $52.12M | $47.01M | $45.85M | $28.05M | $42.63M | $43.05M | $30.43M | $44.71M | $54.72M | $63.16M | $74.52M | $72.83M | $92.09M | $103.90M | $125.59M | $128.35M | $144.95M | $134.70M |
| Revenue growth (YoY) | — | +76.6% | +47.2% | -9.8% | -2.5% | -38.8% | +52.0% | +1.0% | -29.3% | +47.0% | +22.4% | +15.4% | +18.0% | -2.3% | +26.4% | +12.8% | +20.9% | +2.2% | +12.9% | -7.1% |
| Cost of revenue | $8.13M | $14.85M | $18.93M | $17.59M | $23.78M | $20.25M | $22.42M | $17.32M | $13.71M | $19.11M | $17.85M | $19.06M | $17.87M | $20.34M | $28.25M | $32.67M | $38.23M | $41.27M | $48.02M | $46.92M |
| Gross profit | $11.93M | $20.56M | $33.19M | $29.42M | $22.07M | $7.80M | $20.21M | $25.72M | $16.71M | $25.60M | $36.87M | $44.09M | $56.64M | $52.50M | $63.84M | $71.23M | $87.36M | $87.08M | $96.93M | $87.78M |
| Gross margin | 59.5% | 58.1% | 63.7% | 62.6% | 48.1% | 27.8% | 47.4% | 59.8% | 54.9% | 57.3% | 67.4% | 69.8% | 76.0% | 72.1% | 69.3% | 68.6% | 69.6% | 67.8% | 66.9% | 65.2% |
| R&D | $1.27M | $1.71M | $2.42M | $3.04M | $3.94M | $3.53M | $4.77M | $4.36M | $9.69M | $7.66M | $10.14M | $13.44M | $17.01M | $23.40M | $23.45M | $20.07M | $17.91M | $17.00M | $16.24M | $6.34M |
| SG&A | $8.29M | $11.20M | $2.46M | $13.76M | $17.04M | $16.75M | $15.15M | $15.19M | $14.14M | $19.77M | $16.63M | $17.35M | $21.48M | $22.83M | $25.52M | $25.16M | $28.34M | $28.86M | $33.07M | $5.69M |
| Operating income | $3.64M | $9.33M | $12.90M | $6.15M | $-4.97M | $-25.29M | $-8.65M | $-2.89M | $-18.48M | $-11.79M | $357000.00 | $3.28M | $9.98M | $10.36M | $31.29M | $13.83M | $24.83M | $19.05M | $19.72M | $24.55M |
| Operating margin | 18.1% | 26.3% | 24.8% | 13.1% | -10.8% | -90.2% | -20.3% | -6.7% | -60.7% | -26.4% | 0.7% | 5.2% | 13.4% | 14.2% | 34.0% | 13.3% | 19.8% | 14.8% | 13.6% | 18.2% |
| EBITDA | $3.87M | $9.65M | $14.30M | $7.39M | $237000.00 | $-20.32M | $-4.71M | $1.09M | $-14.39M | $-8.09M | $7.11M | $12.91M | $15.30M | $14.76M | $38.92M | $19.77M | $31.13M | $24.80M | $28.02M | $31.36M |
| EBITDA margin | 19.3% | 27.3% | 27.4% | 15.7% | 0.5% | -72.4% | -11.0% | 2.5% | -47.3% | -18.1% | 13.0% | 20.4% | 20.5% | 20.3% | 42.3% | 19.0% | 24.8% | 19.3% | 19.3% | 23.3% |
| EBIT | $3.64M | $9.33M | $13.77M | $6.20M | $-4.97M | $-21.68M | $-5.75M | $-2.70M | $-18.41M | $-11.93M | $3.43M | $9.25M | $11.44M | $10.36M | $33.63M | $13.83M | $24.83M | $19.05M | $22.20M | $27.59M |
| Interest expense | $77000.00 | $105000.00 | $79000.00 | $46000.00 | $73000.00 | $34000.00 | $6000.00 | $0.00 | $0.00 | $42000.00 | $3000.00 | $2000.00 | $1000.00 | $2.01M | $3.83M | $173000.00 | $908000.00 | — | — | — |
| Income tax | $1.24M | $3.95M | $5.03M | $2.47M | $-1.63M | $1.30M | $-262000.00 | $327000.00 | $291000.00 | $-334000.00 | $-390000.00 | $-8.39M | $-10.65M | $1.34M | $5.75M | $-265000.00 | $2.02M | $1.20M | $2.69M | — |
| Effective tax rate | 34.2% | 40.5% | 36.7% | 40.1% | 31.1% | -5.2% | 3.1% | -11.8% | -1.6% | 2.8% | -60.6% | -212.2% | -93.1% | 11.0% | 17.9% | -1.9% | 7.8% | 5.3% | 10.4% | 0.0% |
| Net income | $2.38M | $5.79M | $8.66M | $3.69M | $-3.61M | $-26.44M | $-8.25M | $-3.11M | $-18.70M | $-11.64M | $1.03M | $12.35M | $22.09M | $10.91M | $26.39M | $14.27M | $24.05M | $21.50M | $23.05M | $22.96M |
| Net income growth (YoY) | — | +143.2% | +49.5% | -57.5% | -197.9% | -632.9% | +68.8% | +62.4% | -502.2% | +37.8% | +108.9% | +1094.4% | +78.9% | -50.6% | +141.8% | -45.9% | +68.5% | -10.6% | +7.2% | -0.4% |
| Profit margin | 11.9% | 16.4% | 16.6% | 7.8% | -7.9% | -94.3% | -19.4% | -7.2% | -61.5% | -26.0% | 1.9% | 19.6% | 29.6% | 15.0% | 28.7% | 13.7% | 19.1% | 16.8% | 15.9% | 17.0% |