Energy Recovery, Inc. (ERII) quarterly income statement — complete revenue, gross profit & net income history
| Metric | 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 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 9.71M | 66.59M | 32M | 28.05M | 8.06M | 67.08M | 38.58M | 27.2M | 12.09M | 57.19M | 37.04M | 20.72M | 13.4M | 42.29M | 30.46M | 20.29M | 32.55M | 33.58M | 20.78M | 20.61M |
| Revenue Growth % | 20.35% | -0.73% | -17.06% | 3.13% | -33.29% | 17.29% | 4.18% | 31.25% | -9.78% | 35.23% | 21.58% | 2.12% | -58.82% | 25.96% | 46.59% | -1.53% | 12.46% | 27.06% | -24.18% | 7.02% |
| Cost of Goods Sold | 5.37M | 21.78M | 11.44M | 10.1M | 3.61M | 19.95M | 13.47M | 9.63M | 4.96M | 17.69M | 11.15M | 7.18M | 5.25M | 12.4M | 9.42M | 6.92M | 9.5M | 10.42M | 6.09M | 7.18M |
| COGS % of Revenue | 55.35% | 32.71% | 35.76% | 36% | 44.72% | 29.75% | 34.92% | 35.42% | 40.98% | 30.93% | 30.12% | 34.65% | 39.15% | 29.32% | 30.91% | 34.1% | 29.18% | 31.03% | 29.3% | 34.85% |
| Gross Profit | 4.33M | 44.81M | 20.56M | 17.95M | 4.46M | 47.12M | 25.11M | 17.57M | 7.13M | 39.5M | 25.88M | 13.54M | 8.15M | 29.89M | 21.05M | 13.37M | 23.05M | 23.16M | 14.69M | 13.43M |
| Gross Margin % | 44.65% | 67.29% | 64.24% | 64% | 55.28% | 70.25% | 65.08% | 64.58% | 59.02% | 69.07% | 69.88% | 65.35% | 60.85% | 70.68% | 69.09% | 65.9% | 70.82% | 68.97% | 70.7% | 65.15% |
| Gross Profit Growth % | -2.78% | -4.9% | -18.13% | 2.21% | -37.52% | 19.29% | -2.97% | 29.71% | -12.51% | 32.14% | 22.98% | 1.28% | -64.62% | 29.08% | 43.24% | -0.4% | 15.48% | 27.05% | -25.01% | 5.66% |
| Operating Expenses | 14.36M | 12.83M | 16.9M | 16.48M | 17.02M | 21.5M | 18.05M | 19.58M | 18.07M | 18.89M | 16.75M | 16.13M | 16.27M | 15.29M | 16.14M | 16.28M | 14.83M | 17.18M | 13.27M | 13.14M |
| OpEx % of Revenue | 147.98% | 19.27% | 52.8% | 58.75% | 211.04% | 32.06% | 46.79% | 71.99% | 149.45% | 33.02% | 45.22% | 77.83% | 121.38% | 36.14% | 52.98% | 80.21% | 45.55% | 51.18% | 63.83% | 63.76% |
| Selling, General & Admin | 1.21M | 10.96M | 13.23M | 13.03M | 13.48M | 15.06M | 14.09M | 15.64M | 13.72M | 13.93M | 12.78M | 12.36M | 11.96M | 11.55M | 12.31M | 10.85M | 9.91M | 10.45M | 8.85M | 8.71M |
| SG&A % of Revenue | 12.43% | 16.46% | 41.34% | 46.45% | 167.14% | 22.45% | 36.51% | 57.49% | 113.47% | 24.35% | 34.51% | 59.65% | 89.25% | 27.3% | 40.41% | 53.44% | 30.46% | 31.14% | 42.58% | 42.29% |
| Research & Development | 1.04M | 3.78M | 3.67M | 3.45M | 3M | 3.97M | 3.97M | 3.94M | 4.35M | 4.96M | 3.97M | 3.77M | 4.31M | 3.74M | 3.83M | 5.43M | 4.91M | 6.73M | 4.42M | 4.42M |
| R&D % of Revenue | 10.68% | 5.67% | 11.46% | 12.3% | 37.21% | 5.92% | 10.29% | 14.5% | 35.99% | 8.67% | 10.72% | 18.18% | 32.13% | 8.84% | 12.57% | 26.76% | 15.09% | 20.04% | 21.25% | 21.47% |
| Other Operating Expenses | 1000K | -1000K | 0 | 0 | 539K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3K | 0 | 0 |
| Operating Income | -10.03M | 31.98M | 3.66M | 1.47M | -12.56M | 25.61M | 7.06M | -2.01M | -10.93M | 20.61M | 9.13M | -2.59M | -8.11M | 14.61M | 4.91M | -2.9M | 8.22M | 5.97M | 1.43M | 287K |
| Operating Margin % | -103.33% | 48.03% | 11.44% | 5.25% | -155.76% | 38.19% | 18.29% | -7.4% | -90.44% | 36.05% | 24.66% | -12.48% | -60.53% | 34.53% | 16.11% | -14.31% | 25.26% | 17.79% | 6.87% | 1.39% |
| Operating Income Growth % | 20.16% | 24.85% | -48.11% | 173.19% | -14.89% | 24.26% | -22.73% | 22.12% | -34.8% | 41.14% | 86.16% | 10.95% | -198.65% | 144.52% | 243.8% | -1111.85% | 33.82% | 56.65% | -76.52% | -98.65% |
| EBITDA | -9.05M | 39.68M | 5.07M | 2.89M | -11.14M | 27.07M | 8.51M | -563K | -9.47M | 22.06M | 10.6M | -1.14M | -6.73M | 15.96M | 6.2M | -643K | 9.61M | 7.77M | 2.83M | 1.67M |
| EBITDA Margin % | -93.25% | 59.6% | 15.85% | 10.3% | -138.08% | 40.35% | 22.06% | -2.07% | -78.36% | 38.58% | 28.63% | -5.52% | -50.19% | 37.74% | 20.36% | -3.17% | 29.53% | 23.14% | 13.64% | 8.12% |
| EBITDA Growth % | 18.72% | 46.6% | -40.41% | 613.32% | -17.54% | 22.68% | -19.72% | 50.79% | -40.86% | 38.24% | 70.95% | -77.92% | -169.99% | 105.39% | 118.8% | -138.43% | 28.29% | 50.92% | -61.11% | -92.65% |
| D&A (Non-Cash Add-back) | 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 | 1.41M | 1.39M |
| EBIT | -10.03M | 32.14M | 3.66M | 1.47M | -12.02M | 28.09M | 7.06M | -2.01M | -10.93M | 20.61M | 9.13M | -2.59M | -8.11M | 14.61M | 4.91M | -2.9M | 8.22M | 5.97M | 1.43M | 287K |
| Net Interest Income | 725K | 754K | 847K | 940K | 1.07M | 1.4M | 1.71M | 1.66M | 1.44M | 1.27M | 1.08M | 782K | 621K | 422K | 259K | 166K | 61K | 25K | 36K | 51K |
| Interest Income | 725K | 754K | 847K | 940K | 1.07M | 1.4M | 1.71M | 1.66M | 1.44M | 1.27M | 1.08M | 782K | 621K | 422K | 259K | 166K | 61K | 25K | 36K | 51K |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -4M | 155K | 892K | 914K | 1.08M | 1.24M | 1.77M | 1.61M | 1.39M | 1.3M | 1.04M | 656K | 656K | 765K | 254K | 106K | 117K | 15K | 37K | 39K |
| Pretax Income | -14.03M | 32.14M | 4.55M | 2.39M | -11.48M | 26.86M | 8.82M | -400K | -9.54M | 21.91M | 10.18M | -1.93M | -7.46M | 15.37M | 5.16M | -2.8M | 8.34M | 5.99M | 1.46M | 326K |
| Pretax Margin % | -144.51% | 48.26% | 14.23% | 8.51% | -142.38% | 40.04% | 22.87% | -1.47% | -78.95% | 38.32% | 27.48% | -9.31% | -55.63% | 36.34% | 16.94% | -13.79% | 25.62% | 17.83% | 7.04% | 1.58% |
| Income Tax | -1.77M | 5.22M | 680K | 334K | -1.6M | 3.38M | 344K | 242K | -1.28M | 2.11M | 518K | -265K | -1.16M | 1.65M | 371K | -439K | 445K | 725K | 393K | -743K |
| Effective Tax Rate % | 12.66% | 16.25% | 14.93% | 13.99% | 13.96% | 12.6% | 3.9% | -60.5% | 13.46% | 9.62% | 5.09% | 13.73% | 15.55% | 10.7% | 7.19% | 15.69% | 5.34% | 12.11% | 26.84% | -227.91% |
| Net Income | -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 | 1.07M | 1.07M |
| Net Margin % | -126.22% | 40.42% | 12.11% | 7.32% | -122.5% | 34.99% | 21.98% | -2.36% | -68.32% | 34.63% | 26.08% | -8.03% | -46.98% | 32.45% | 15.72% | -11.63% | 24.25% | 15.67% | 5.15% | 5.19% |
| Net Income Growth % | -24% | 14.67% | -54.32% | 419.94% | -19.61% | 18.51% | -12.21% | 61.44% | -31.19% | 44.3% | 101.71% | 29.42% | -179.76% | 160.78% | 347.15% | -320.67% | 14.97% | 52.42% | -80.12% | -93.68% |
| Net Income (Continuing) | -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 | 1.07M | 1.07M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.23 | 0.50 | 0.07 | 0.04 | -0.18 | 0.41 | 0.15 | -0.01 | -0.14 | 0.34 | 0.17 | -0.03 | -0.11 | 0.24 | 0.08 | -0.04 | 0.14 | 0.09 | 0.02 | 0.02 |
| EPS Growth % | -27.78% | 21.95% | -51.67% | 436.61% | -28.57% | 20.59% | -11.76% | 62.03% | -27.27% | 41.67% | 103.59% | 29.76% | -178.57% | 166.67% | 317.5% | -310% | 16.67% | 50% | -80% | -93.33% |
| EPS (Basic) | -0.23 | 0.51 | 0.07 | 0.04 | -0.18 | 0.41 | 0.15 | -0.01 | -0.14 | 0.35 | 0.17 | -0.03 | -0.11 | 0.25 | 0.09 | -0.04 | 0.14 | 0.09 | 0.02 | 0.02 |
| Diluted Shares Outstanding | 52.66M | 53.36M | 53.47M | 54.49M | 54.9M | 57.24M | 58.29M | 57.37M | 57.1M | 57.67M | 57.97M | 56.36M | 56.23M | 57.43M | 57.37M | 56.22M | 58.18M | 58.5M | 58.71M | 59M |
| Basic Shares Outstanding | 52.66M | 52.91M | 53.16M | 54.26M | 54.9M | 56.63M | 57.76M | 57.37M | 57.1M | 56.73M | 56.44M | 56.36M | 56.23M | 56.01M | 55.88M | 56.22M | 56.78M | 56.82M | 57.03M | 57.25M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |