Energy Recovery, Inc. (ERII)

Nasdaq: ERII · Special Industry Machinery, NEC · San Leandro, CA · filing with the SEC since 2008

Grade6.0

◀ Past 6.9● Present 6.2▶ Future 4.6

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 25, 2026	Feb 26, 2025	Feb 21, 2024	Feb 22, 2023	Feb 24, 2022	Mar 12, 2021	Mar 6, 2020	Mar 7, 2019	Mar 8, 2018	Mar 10, 2017
Revenue	134,987	144,948	128,349	125,591	103,904	118,986	86,942	74,515	69,129	57,784
Cost of revenue	47,056	48,015	41,270	38,235	32,670	·	·	·	19,061	17,849
Gross profit	87,931	96,933	87,079	87,356	71,234	·	·	·	39,095	31,866
Research and development	13,034	16,236	17,001	17,909	20,069	23,449	23,402	17,012	13,443	10,136
Sales and marketing	20,926	25,423	22,164	16,277	12,160	8,127	9,434	7,546	9,391	9,116
General and administrative	29,769	33,074	28,864	28,341	25,174^r	25,535^r	22,832	21,476	17,354	16,626
Total operating expenses	64,042	77,209	68,029	62,527	57,403	59,443	56,243	46,664	40,819	36,509
Operating income	23,889	19,724	19,050	24,829	13,831	31,294	10,364	9,978	9,249^r	3,426^r
Interest expense	·	·	·	·	·	0	0	1	2	3
Other income (expense), net	92	-207	-101	334	-31	-74	-118	-80	-188	-19^r
Total non-operating income (expense)	3,706	6,011	3,655	1,242	173	839	1,892	1,462	680	287
Income before income taxes	27,595	25,735	22,705	26,071	14,004	32,133	12,256	11,440	9,929^r	3,713^r
Income tax expense	4,633	2,685	1,201	2,022	-265	5,746	1,343	-10,653	-8,425^r	-6^r
Net income	22,962	23,050	21,504	24,049	14,269	26,387	10,913	22,093	18,354^r	3,719^r
Earnings per share, basic	0.43	0.40	0.38	0.43	0.25	0.47	0.20	0.41	0.34^r	0.07^r
Earnings per share, diluted	0.42	0.40	0.37	0.42	0.24	0.47	0.19	0.40	0.33^r	0.07^r
Weighted average shares, basic	53,802	57,213	56,444	56,221	56,993	55,709	54,740	53,764	53,701	52,341
Weighted average shares, diluted	54,158	57,822	57,740	57,641	58,723	56,637	56,067	55,338	55,612	55,451

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfRevenue

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense

General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing costus-gaap:InterestExpense

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton ERII · research, not advice