Energy Recovery, Inc. (ERII) Form 10-Q — Nov 4, 2026
Energy Recovery's Q3 2026 revenue fell 65% year-over-year to $11.2 million from $32.0 million, and the company swung from $3.9 million in net income to a $6.3 million net loss (EPS -$0.12 vs +$0.07). Megaproject revenue dropped 95% to $934 thousand and gross margin compressed to 37.5% from 64.2%. The nine-month picture is similarly weak: revenue declined 52% to $32.9 million with a cumulative net loss of $21.8 million, including $1.7 million of goodwill impairment and roughly $2.4 million in restructuring charges tied to the wind-down of the CO2 retail grocery business, which eliminated the Emerging Technologies segment.
Key figures
- Revenue
- 11196000
- Revenue Yoy
- -65%
- Total Assets
- 191433000
- Cash Position
- 42482000
- Shares Outstanding
- 50763193
- Q3 2025 revenue
- 32000000
- Q3 gross margin
- 37.5%
- Nine month revenue
- 32898000
- Goodwill impairment
- 1662000
- Q3 2025 gross margin
- 64.2%
- Restructuring charges
- 2391000
- Nine month revenue change
- -52%
- May 2026 buyback remaining
- $21.3 million
- Operating cash flow nine months
- 28096000
- Total repurchased under all programs
- $189.1 million / 16,204,712 shares
AI analysis
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