Energy Recovery Reports its Third Quarter 2026 Financial Results
Energy Recovery reported Q3 2026 revenue of $11.2 million, down 65% year-over-year from $32.0 million, with megaproject revenue down 95%. Gross margin compressed to 37.5% from 64.2%, and the company swung from $3.7 million in operating income to a $9.8 million loss, which management attributes primarily to lower revenue due to the war in Iran.
Key figures
- Revenue
- 11200000
- Ytd revenue
- 32900000
- Gross margin
- 37.5%
- Operating expenses
- 14000000
- Megaproject revenue
- 934000
- Cash and investments
- 85600000
- Gross margin prior year
- 64.2%
- Megaproject revenue change
- down 95%
AI analysis
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