Energy Recovery, Inc. (ERII) Form 8-K — Nov 4, 2026
Energy Recovery reported Q3 2026 revenue of $11.2 million, down 65% from $32.0 million a year ago, with megaproject revenue collapsing 95% to $0.9 million due to lower demand attributed to the war in Iran. The company swung from $3.7 million in operating income to a $9.8 million operating loss, posting a $6.3 million net loss (diluted EPS of -$0.12) versus $3.9 million net income in Q3 2025. Gross margin compressed to 37.5% from 64.2% on lower volume, product mix, and indirect manufacturing costs.
Key figures
- Revenue
- 11200000
- Cash Position
- 85600000
- Ytd revenue 2026
- 32900000
- Gross margin q3 2025
- 64.2%
- Gross margin q3 2026
- 37.5%
- Ytd goodwill impairment
- 1662000
- Ytd restructuring charges
- 2391000
- Megaproject revenue change
- down 95%
- Megaproject revenue q3 2025
- 18400000
- Megaproject revenue q3 2026
- 934000
- Operating expense reduction
- -17.2%
AI analysis
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