Energy Recovery, Inc. (ERII) Form 8-K — Aug 5, 2026
Energy Recovery (Nasdaq: ERII) reported Q2 2026 revenue of $12.0 million, down 57% from $28.1 million a year ago, and swung to a net loss of $3.2 million ($0.06 per diluted share) from net income of $2.1 million in Q2 2025. The company attributed the decline primarily to lower revenue due to the war in Iran, with megaproject channel revenue down 82% to $2.7 million. Year to date, revenue is down 40% to $21.7 million with a net loss of $15.4 million, which includes $1.7 million of goodwill impairment and $2.4 million of restructuring charges. The wastewater segment also remains unprofitable with a $2.1 million operating loss in the quarter.
Key figures
- Revenue
- 11996000
- Revenue Yoy
- down 57%
- Total Assets
- 197736000
- Cash Position
- 98074000
- Ytd revenue
- 21702000
- Gross margin q2
- 74.7% (vs 64.0% in Q2'2025, up 1070 bps)
- Free cash flow q2
- 15400000
- Ytd revenue change
- down 40%
- Stockholders equity
- 172478000
- Effective tax rate q2
- 19.1%
- Wastewater revenue q2
- 513000
- Megaproject revenue q2
- 2706000
- Operating cash flow q2
- 16300000
- Desalination revenue q2
- 11483000
- Ytd goodwill impairment
- 1662000
- Ytd restructuring charges
- 2391000
- Megaproject revenue change
- down 82%
- Basic weighted avg shares q2
- 51463000
Price after filing
Close on the filing date to close N calendar days later (from $9.12). Historical, not a forecast.
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