Energy Recovery financials
$6.75+0.45%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $135.0M | $144.9M | $128.3M | $125.6M | $103.9M | $119.0M | $86.9M | $74.5M | $69.1M | $57.8M |
| Gross profit | $87.9M | $96.9M | $87.1M | $87.4M | $71.2M | $90.7M | $66.6M | $56.6M | $50.1M | $39.9M |
| Gross margin | 65.1% | 66.9% | 67.8% | 69.6% | 68.6% | 76.3% | 76.6% | 76.0% | 72.4% | 69.1% |
| Operating income | $23.9M | $19.7M | $19.1M | $24.8M | $13.8M | $31.3M | $10.4M | $10.0M | $9.2M | $3.4M |
| Net income | $23.0M | $23.1M | $21.5M | $24.0M | $14.3M | $26.4M | $10.9M | $22.1M | $18.4M | $3.7M |
| Net margin | 17.0% | 15.9% | 16.8% | 19.1% | 13.7% | 22.2% | 12.6% | 29.6% | 26.6% | 6.4% |
| Diluted EPS | $0.42 | $0.40 | $0.37 | $0.42 | $0.24 | $0.47 | $0.19 | $0.40 | $0.33 | $0.07 |
| EBITDA | $28.0M | $26.2M | $23.2M | $29.6M | $19.8M | $38.9M | $14.8M | $13.8M | $12.9M | $7.1M |
| Operating cash flow | $18.8M | $20.5M | $26.1M | $12.6M | $13.5M | $16.9M | $5.3M | $7.6M | $2.9M | $5.0M |
| Free cash flow | $17.4M | $19.2M | $23.5M | $8.4M | $6.8M | $10.1M | -$2.1M | $2.3M | -$4.5M | $3.9M |
| Diluted shares | 54.2M | 57.8M | 57.7M | 57.6M | 58.7M | 56.6M | 56.1M | 55.3M | 55.6M | 55.5M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $48.1M | $29.6M | $68.1M | $56.4M | $74.4M | $94.3M |
| Short-term investments | $27.2M | $48.4M | $40.4M | $33.5M | $31.3M | $20.4M |
| Total debt | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total assets | $231.5M | $242.8M | $253.0M | $217.0M | $213.7M | $204.3M |
| Total liabilities | $25.3M | $32.8M | $33.2M | $31.7M | $34.9M | $32.7M |
| Shareholders' equity | $206.2M | $210.0M | $219.8M | $185.3M | $178.8M | $171.6M |
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