Energy Recovery, Inc. (ERII) quarterly cash flow statement — complete operating, investing & financing history
Energy Recovery, Inc. (ERII) cash flow statement — 20-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | -9.25M | 16.31M | 21.04M | 7.08M | -3.13M | 4.15M | 10.68M | 8.96M | -3M | 8.07M | 6.5M | 13.78M | 7.75M | -4.13M | 8.66M | 6.36M | -1.21M | 9.08M | -1.6M | 6.23M |
| Operating CF Margin % | -82.59% | 135.93% | 216.74% | 10.63% | -9.78% | 14.78% | 132.4% | 13.35% | -7.78% | 29.68% | 53.74% | 24.1% | 20.92% | -19.95% | 64.6% | 15.05% | -3.98% | 44.75% | -4.92% | 18.56% |
| Operating CF Growth % | -195.34% | 293.29% | 97.01% | -20.97% | -4.26% | -48.64% | 64.35% | -35.02% | -138.75% | 295.28% | -24.95% | 116.6% | 739.88% | -145.52% | 640.39% | 2.1% | 71.49% | -20.95% | -3066.67% | -4.42% |
| Net Income | -6.33M | -3.2M | -12.25M | 26.91M | 3.87M | 2.05M | -9.88M | 23.47M | 8.48M | -642K | -8.26M | 19.8M | 9.66M | -1.67M | -6.3M | 13.72M | 4.79M | -2.36M | 7.89M | 5.26M |
| Depreciation & Amortization | 1.03M | 1M | 978K | 7.7M | 1.41M | 1.42M | 1.43M | 1.45M | 1.46M | 1.45M | 1.46M | 1.45M | 1.47M | 1.44M | 1.39M | 1.36M | 1.3M | 2.26M | 1.39M | 1.8M |
| Stock-Based Compensation | 1.05M | 1.39M | 1.96M | 13.58M | 2.21M | 1.94M | 1.96M | 1.81M | 2.41M | 2.82M | 3.28M | 2.23M | 1.79M | 1.72M | 2.3M | 1.41M | 1.5M | 1.72M | 1.88M | 1.48M |
| Deferred Taxes | -2.36M | -1.95M | -1.85M | -2.24M | 630K | 304K | -1.64M | 2.02M | 412K | 211K | -1.33M | 859K | 489K | -257K | -1.15M | 951K | 334K | -478K | 351K | 672K |
| Other Non-Cash Items | 230K | 273K | 3.18M | -17.28M | 291K | 95K | 143K | -506K | -434K | -193K | -115K | 536K | -138K | -238K | 4K | -403K | 466K | 71K | 345K | 1.02M |
| Working Capital Changes | -2.86M | 18.79M | 29.02M | -21.6M | -11.54M | -1.66M | 18.67M | -19.3M | -15.33M | 4.43M | 11.46M | -11.1M | -5.52M | -5.13M | 12.41M | -10.67M | -9.59M | 7.86M | -13.46M | -4M |
| Change in Receivables | 3.6M | 24.7M | 37.7M | -31.49M | -11.35M | -761K | 32.05M | -33.57M | -12.12M | 4.42M | 21.88M | -23.63M | -7.61M | -3.78M | 22.51M | -16.52M | -4.5M | 12.75M | -6.34M | -7.55M |
| Change in Inventory | -6.08M | -7.74M | -8.4M | 9.33M | -1.29M | -382K | -7.64M | 8.89M | 194K | -2.16M | -5.72M | 7.1M | 2.35M | -3.24M | -4.86M | 3.57M | -3.94M | -4.78M | -3.12M | 108K |
| Change in Payables | 2.6M | 2.07M | 561K | -2.67M | 940K | 96K | 176K | -92K | -1.4M | 1.14M | 1.14M | 1.59M | 239K | -116K | 920K | -983K | -1.94M | -1.55M | 4.62M | -2.89M |
| Cash from Investing | -6.85M | 4.63M | -7.61M | -3.03M | 3.45M | 20.89M | 12.67M | 6.52M | 21.66M | -38.84M | -4.99M | -739K | -1.34M | -18.2M | 1.17M | -2.82M | 8.86M | 7.95M | -20.93M | 6.98M |
| Capital Expenditures | -459K | -875K | -814K | -662K | -342K | -135K | -191K | -104K | -169K | -201K | -824K | -1.39M | -330K | -570K | -197K | -1.23M | -563K | -460K | -1.98M | -1.78M |
| CapEx % of Revenue | 4.1% | 7.29% | 8.39% | 0.99% | 1.07% | 0.48% | 2.37% | 0.16% | 0.44% | 0.74% | 6.82% | 2.43% | 0.89% | 2.75% | 1.47% | 2.92% | 1.85% | 2.27% | 6.07% | 5.3% |
| Acquisitions | 0 | -13K | 13K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.39M | 0 | 570K | 197K | 0 | 734K | -8.41M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 13K | 0 | -84.41M | 0 | 0 | 10K | 43K | 0 | 3K | 87K | -1.38M | 0 | -570K | -197K | 368K | 734K | 8.41M | 0 | -5K |
| Cash from Financing | -2.86M | -9.61M | -11.38M | -3.12M | -10.39M | -17.15M | -3.87M | -49.08M | 4.29M | 312K | 1.19M | 3.61M | 805K | 214K | 165K | 742K | 1.23M | -18.34M | -7.29M | -4.58M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | -2.37M | -9.89M | -10.66M | -3.01M | -10.22M | -16.72M | -3.87M | -49.08M | 4.29M | 312K | 1.19M | 3.61M | 805K | 214K | 165K | 742K | 1.23M | -18.57M | -7.29M | -6.19M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -2.37M | -10.02M | -10.66M | -3.44M | -10.6M | -17.09M | -4.49M | -50.38M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -31K | -18.57M | -8.06M | -6.19M |
| Other Financing | -489K | 281K | -716K | -104K | -171K | -432K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 222K | 0 | 1.61M |
| Net Change in Cash | -18.96M | 11.32M | 2.04M | 973K | -9.95M | 7.91M | 19.51M | -33.64M | 22.95M | -30.46M | 2.68M | 16.66M | 7.2M | -22.09M | 10M | 4.22M | 8.91M | -1.3M | -29.84M | 8.61M |
| Free Cash Flow | -9.71M | 15.43M | 20.22M | 6.42M | -3.47M | 4.01M | 10.49M | 8.85M | -3.17M | 7.87M | 5.67M | 12.39M | 7.42M | -4.7M | 8.46M | 5.13M | -1.77M | 8.62M | -3.58M | 4.45M |
| FCF Margin % | -86.69% | 128.63% | 208.36% | 9.63% | -10.85% | 14.3% | 130.03% | 13.2% | -8.22% | 28.94% | 46.92% | 21.67% | 20.03% | -22.7% | 63.13% | 12.13% | -5.82% | 42.48% | -10.99% | 13.26% |
| FCF Growth % | -179.47% | 284.72% | 92.84% | -27.52% | -9.49% | -49.05% | 84.86% | -28.59% | -142.76% | 267.35% | -32.94% | 141.6% | 518.21% | -154.56% | 336.44% | 15.23% | 73.51% | -10.8% | -524.43% | -22.63% |
| FCF per Share | -0.19 | 0.30 | 0.38 | 0.12 | -0.06 | 0.07 | 0.19 | 0.15 | -0.05 | 0.14 | 0.10 | 0.21 | 0.13 | -0.08 | 0.15 | 0.09 | -0.03 | 0.15 | -0.06 | 0.08 |
| FCF Conversion (FCF/Net Income) | 1.46x | -5.10x | -1.72x | 0.26x | -0.81x | 2.02x | -1.08x | 0.38x | -0.35x | -12.57x | -0.79x | 0.70x | 0.80x | 2.48x | -1.38x | 0.46x | -0.25x | -3.85x | -0.20x | 1.18x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |