Energy Recovery financials
$6.75+0.45%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.0M | $9.7M | $66.9M | $32.0M | $28.1M | $8.1M | $67.1M | $38.6M | $27.2M | $12.1M | $57.2M | $37.0M |
| Gross profit | $9.0M | $2.7M | $45.0M | $20.6M | $18.0M | $4.5M | $47.1M | $25.1M | $17.6M | $7.1M | $39.5M | $25.9M |
| Gross margin | 74.7% | 27.8% | 67.2% | 64.2% | 64.0% | 55.3% | 70.2% | 65.1% | 64.6% | 59.0% | 69.1% | 69.9% |
| Operating income | -$5.9M | -$14.9M | $31.3M | $3.7M | $1.5M | -$12.6M | $25.6M | $7.1M | -$2.0M | -$10.9M | $20.6M | $9.1M |
| Net income | -$3.2M | -$12.3M | $26.9M | $3.9M | $2.1M | -$9.9M | $23.5M | $8.5M | -$642.0K | -$8.3M | $19.8M | $9.7M |
| Net margin | −26.7% | −126.2% | 40.2% | 12.1% | 7.3% | −122.5% | 35.0% | 22.0% | −2.4% | −68.3% | 34.6% | 26.1% |
| Diluted EPS | $-0.06 | $-0.23 | $0.50 | $0.07 | $0.04 | $-0.18 | $0.40 | $0.15 | $-0.01 | $-0.14 | $0.33 | $0.17 |
| EBITDA | -$4.0M | -$10.7M | $32.0M | $4.6M | $2.4M | -$11.1M | $29.1M | $8.1M | -$1.0M | -$9.9M | $20.6M | $10.2M |
| Operating cash flow | $16.3M | $21.0M | $7.1M | -$3.1M | $4.1M | $10.7M | $9.0M | -$3.0M | $8.1M | $6.5M | $13.8M | $7.7M |
| Free cash flow | $15.4M | $20.2M | $6.4M | -$3.5M | $4.0M | $10.5M | $8.9M | -$3.2M | $7.9M | $5.7M | $12.4M | $7.4M |
| Diluted shares | 51.5M | 52.7M | 53.8M | 53.5M | 54.5M | 54.9M | 58.5M | 58.3M | 57.4M | 57.1M | 60.4M | 58.0M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $61.4M | $50.1M | $48.1M | $47.1M | $57.0M | $49.1M |
| Short-term investments | $31.6M | $36.0M | $27.2M | $23.3M | $22.5M | $34.4M |
| Total debt | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total assets | $197.7M | $209.0M | $231.5M | $209.6M | $212.3M | $225.4M |
| Total liabilities | $25.3M | $24.7M | $25.3M | $28.8M | $27.1M | $27.3M |
| Shareholders' equity | $172.5M | $184.3M | $206.2M | $180.8M | $185.2M | $198.1M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology