Energy Recovery, Inc. — Earnings
Most recent reported period: FY2025 (Q4) (filed for period ending 2025-12-31) · sourced from SEC EDGAR
Next earnings (estimated): Wed, April 1, 2026 — 28 days overdue (likely already filed but EDGAR cache cold). Anchored to latest quarter-end + 91 days. Analyst-confirmed dates land in a follow-up wave.
YoY = vs same quarter prior year (seasonality-adjusted)
Recent earnings · last 8 quarters
| Quarter end | Revenue | YoY | Net Income | YoY | Op. Margin |
|---|---|---|---|---|---|
| 2025-12-31 | $67M | ↓-0.3% | $19M | ↑+31.0% | 30.2% |
| 2025-09-30 | $32M | ↓-17.1% | $4M | ↓-54.3% | 11.4% |
| 2025-06-30 | $28M | ↑+3.1% | $2M | ↑+419.9% | 5.3% |
| 2025-03-31 | $8M | ↓-33.3% | $-10M | ↓-19.6% | -155.8% |
| 2024-12-31 | $67M | ↑+17.3% | $15M | ↑+23.0% | 18.9% |
| 2024-09-30 | $39M | ↑+4.2% | $8M | ↓-12.2% | 18.3% |
| 2024-06-30 | $27M | ↑+31.3% | $-642K | ↑+61.4% | -7.4% |
| 2024-03-31 | $12M | ↓-9.8% | $-8M | ↓-31.2% | -90.4% |
Analyst consensus estimates (EPS / Revenue) and implied move from options will land in a follow-up wave. For now, YoY-vs-prior-year-quarter is the surprise proxy.
Last earnings · FY2025 (Q4)
Revenue
$67M
↓-0.3% -$204K YoY
Net Income
$19M
↑+84.9% +$9M YoY
Earnings surprise · last 8 quarters
YoY % change · proxy for analyst surprise until estimates landEPS history · last 10 fiscal years
diluted, GAAP, annualNote: EPS reflects WEIGHTED-AVERAGE diluted shares for each fiscal year. Pre-stock- split values can blow up the early bars if SEC's XBRL data isn't split-adjusted — flagged as a known limitation; cumulative split-adjustment is a follow-up.
Margin trends · 63 quarters
margin trajectory tells the operating-leverage storyGross Margin↓-3.0pts
67.2%
Operating Margin↑+11.4pts
30.2%
Net Margin↑+6.8pts
28.5%
Go deeper
ERII Sankey — flow of dollars
See how revenue waterfalls through every line item to net income for the latest reported quarter, with prior-period comparison.
Open SankeyERII Key Metrics — EPS, ROE, ROIC
10 CFA-grade fundamental ratios — EPS, BVPS, ROE, ROA, ROIC, Debt/Equity, Current Ratio. Compare across years.
Open Key Metrics