Energy Recovery, Inc. (ERII) — Financial statements
Income statement, balance sheet, and cash flow for Energy Recovery, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 135↓7.1% | 145↑12.9% | 128↑2.2% | 126↑20.9% | 104 | |
| Cost of Revenue | 47↓2.3% | 48↑16.3% | 41↑7.9% | 38↑17.0% | 33 | |
| Gross Profit | 88↓9.4% | 97↑11.3% | 87↓0.3% | 87↑22.6% | 71 | |
| Operating Expenses | ||||||
| R&D Expenses | 6↓60.9% | 16↓4.5% | 17↓5.1% | 18↓10.8% | 20 | |
| General & Administrative Expenses | 6↓82.8% | 33↑14.6% | 29↑1.8% | 28↑12.6% | 25 | |
| Selling & Marketing Expenses | 14↓46.3% | 25↑14.7% | 22↑36.2% | 16↑33.9% | 12 | |
| SG&A Expenses | 19↓66.9% | 58↑14.6% | 51↑14.4% | 45↑19.5% | 37 | |
| Other Expenses | 38↑1415.8% | 2 | 0.00 | 0.00↓100.0% | 0.01 | |
| Operating Expenses | 63↓18.1% | 77↑13.5% | 68↑8.8% | 63↑8.9% | 57 | |
| Total Costs & Expenses | 110↓12.0% | 125↑14.6% | 109↑8.5% | 101↑11.9% | 90 | |
| Operating Results | ||||||
| Operating Income | 25↑24.5% | 20↑3.5% | 19↓23.3% | 25↑79.5% | 14 | |
| Depreciation & Amortization | 4↓35.4% | 6↑1.3% | 6↓8.8% | 6↑6.1% | 6 | |
| EBITDA | 31↑11.9% | 28↑13.0% | 25↓20.3% | 31↑57.5% | 20 | |
| EBIT | 28↑24.3% | 22↑16.5% | 19↓23.3% | 25↑79.5% | 14 | |
| Interest & Other Income | ||||||
| Net Interest Income | 4↓41.9% | 6↑65.5% | 4↑313.7% | 0.91↑345.1% | 0.20 | |
| Interest Income | 4↓41.9% | 6↑65.5% | 4↑313.7% | 0.91↑345.1% | 0.20 | |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Non-Operating Income | -3↓22.8% | -2 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 3↓49.4% | 6↑64.5% | 4↑194.3% | 1↑617.9% | 0.17 | |
| Income Before Tax | 28↑7.2% | 26↑13.3% | 23↓12.9% | 26↑86.2% | 14 | |
| Income Tax Expense | 5↑72.6% | 3↑123.6% | 1↓40.6% | 2↑863.0% | -0.27 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 23↓0.4% | 23↑7.2% | 22↓10.6% | 24↑68.5% | 14 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 23↓0.4% | 23↑7.2% | 22↓10.6% | 24↑68.5% | 14 | |
| Bottom-Line Net Income | 23↓0.4% | 23↑7.2% | 22↓10.6% | 24↑68.5% | 14 | |
| EPS (Basic) | 0.43↑7.5% | 0.40↑5.3% | 0.38↓11.6% | 0.43↑72.0% | 0.25 | |
| EPS (Diluted) | 0.42↑5.0% | 0.40↑8.1% | 0.37↓11.9% | 0.42↑75.0% | 0.24 | |
| Weighted Average Shares | 54↓6.0% | 57↑1.4% | 56↑0.4% | 56↓1.4% | 57 | |
| Weighted Average Diluted Shares | 54↓6.3% | 58↑0.1% | 58↑0.2% | 58↓1.8% | 59 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.