ERII - NASDAQ

Energy Recovery, Inc.

ERII·NASDAQ

$8.04

-1.7%

IndustrialsIndustrial - Pollution & Treatment Controls

Energy Recovery, Inc., together with its subsidiaries, designs, manufactures, and sells various solutions for the seawater reverse osmosis desalination and industrial wastewater treatment industries worldwide. The company operates through Water and Emerging Technologies segments. It offers a suite of products, including energy recovery devices, and high-pressure feed and recirculation pumps; hydraulic turbochargers and boosters; and spare parts, as well as repair, field, and commissioning services. The company also offers a solution to reduce energy consumption in natural gas processing and in refrigeration systems that use carbon dioxide. It provides its products under the ERI, Ultra PX, PX, Pressure Exchanger, PX Pressure Exchanger, PX PowerTrain, VorTeq, IsoBoost, AT, and AquaBold names to large engineering, procurement, and construction firms; end-users and industry consultants; original equipment manufacturers; and aftermarket customers. The company was incorporated in 1992 and is headquartered in San Leandro, California.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$414.42M

EPS0.4300

P/E Ratio18.70

Earnings Date08/05/2026

231.51M

Assets

-5%

3Y+7.0%

5Y+13.0%

10Y+55.0%

25.32M

Total Liabilities

-23%

3Y-20.0%

5Y-23.0%

10Y-70.0%

206.19M

Total Equity

-2%

3Y+11.0%

5Y+20.0%

10Y+217.0%

Energy Recovery, Inc. Funding & Solvency Profile

ERII · NASDAQ

Current Assets

Cash & Cash Equivalents48.08M

Net Receivables76.64M

Inventory24.26M

Other Current Assets5.06M

Total Current Assets181 M

Non-Current Assets

Property, Plant & Equipment20.64M

Goodwill & Intangible Assets12.79M

Long-Term Investments8.03M

Other Non-Current Assets577.00K

Total Non-Current Assets29 M

Total Assets

231.51M

Financial Health Analysis

Current Ratio

10.44x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.12x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

164 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

78% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

Energy Recovery, Inc. Balance Sheet

ERII • NASDAQ

Energy Recovery, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	48.1M	29.6M	68.1M	56.4M	74.4M	94.3M	26.4M	22M	27.8M	61.4M	99.9M	15.5M	14.4M	16.6M	18.5M	55.3M	59.1M	79.3M	240K	42K
Short-Term Investments	27.2M	48.4M	40.4M	33.5M	31.3M	20.4M	58.7M	73.3M	70M	39.1M	257K	13.1M	5.9M	9.5M	11.7M	0.0	0.0	0.0	0.0	0.0
Cash & Short-Term Investments	75.2M	78M	108.5M	89.8M	105.7M	114.7M	85.1M	95.3M	97.8M	100.4M	100.2M	28.6M	20.2M	26.1M	30.2M	55.3M	59.1M	79.3M	240K	42K
Net Receivables	76.6M	67.5M	48.1M	36.1M	21.1M	13.1M	13.5M	14.3M	19.2M	14M	13.5M	12.4M	20.8M	18.4M	7.6M	11.9M	18.2M	25.6M	14.6M	6.8M
Accounts Receivables	76.6M	66.8M	46.9M	34.1M	20.6M	11.8M	13.5M	10.2M	18.7M	13.8M	11.6M	10.9M	20.7M	18.3M	6.5M	9.6M	12.7M	20.6M	14.6M	6.7M
Other Receivables	0.0	637K	1.2M	2M	493K	1.3M	0.0	4.1M	439K	272K	1.9M	1.5M	163K	140K	1.1M	2.3M	5.5M	4.9M	20K	111K
Inventory	24.3M	24.9M	26.1M	28.4M	20.4M	11.7M	10.3M	7.1M	5.5M	4.6M	6.5M	8.2M	5M	5.1M	7.8M	9.8M	10.4M	8.5M	4.8M	2.9M
Prepaids	0.0	1.5M	487K	1.3M	1.7M	996K	3.1M	2.8M	586K	73K	735K	1.1M	652K	3.4M	453K	4.4M	1.7M	984K	369K	289K
Other Current Assets	5.1M	1.8M	2.2M	2.3M	2.9M	2.6M	981K	97K	3.4M	3.3M	2.6M	3.1M	5.4M	7.7M	9.1M	6.7M	6.7M	2M	1.4M	676K
Total Current Assets	181.2M	173.7M	185.5M	157.9M	151.8M	143.2M	113M	119.6M	126.2M	122.4M	123.5M	53.2M	52.1M	60.9M	56.7M	88.2M	96.2M	116.3M	21.4M	11.1M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	20.6M	25.1M	30.2M	32.7M	35M	36.3M	30M	26.8M	13.4M	8.6M	10.6M	13.2M	13.9M	16M	16.2M	22.3M	17M	1.8M	1.7M	1.1M
Goodwill	12.8M	12.8M	12.8M	12.8M	12.8M	12.8M	12.8M	12.8M	12.8M	12.8M	12.8M	12.8M	12.8M	12.8M	12.8M	12.8M	12.8M	0.0	0.0	0.0
Intangible Assets	0.0	0.0	0.0	0.0	37K	49K	65K	640K	1.3M	1.9M	2.5M	3.2M	4M	4.9M	7M	8.4M	11M	321K	345K	312K
Goodwill & Intangible Assets	12.8M	12.8M	12.8M	12.8M	12.8M	12.8M	12.9M	13.4M	14.1M	14.7M	15.3M	16M	16.8M	17.7M	19.8M	21.1M	23.8M	321K	345K	312K
Long-Term Investments	8M	21.8M	13.8M	3.1M	2.3M	0.0	15.4M	1.3M	182K	2.1M	2.3M	267K	13.7M	4.8M	11.2M	-2.1M	0.0	0.0	0.0	0.0
Tax Assets	8.3M	9M	10.3M	10.3M	11.4M	11M	16.9M	18.3M	7.9M	1.3M	938K	414K	1.2M	868K	460K	2.1M	447K	119K	148K	183K
Other Non-Current Assets	577K	391K	388K	366K	367K	988K	598K	368K	12K	4K	-936K	2.9M	4.5M	4.4M	6.4M	2.3M	5.6M	2M	3.7M	854K
Total Non-Current Assets	50.3M	69.1M	67.5M	59.2M	61.9M	61.1M	75.8M	60.2M	35.5M	26.7M	28.3M	32.7M	50.1M	43.7M	54M	45.7M	46.8M	4.3M	5.9M	2.4M
Total Assets	231.5M	242.8M	253M	217M	213.7M	204.3M	188.8M	179.8M	161.7M	149.1M	151.8M	85.9M	102.2M	104.6M	110.7M	133.9M	143M	120.6M	27.3M	13.5M
LIABILITIES
CURRENT LIABILITIES
Total Payables	4.5M	4.1M	4.1M	1.1M	909K	1.1M	1.2M	1.4M	4.5M	1.5M	1.9M	1.8M	1.2M	2.2M	1.5M	1.4M	2.3M	3.9M	1.7M	1.1M
Accounts Payable	2.1M	3.1M	3M	814K	909K	1.1M	1.2M	1.4M	4.1M	1.5M	1.9M	1.8M	1.2M	2.2M	1.5M	1.4M	2M	2.3M	1.7M	1.1M
Other Payables	2.4M	947K	1.1M	268K	0.0	0.0	0.0	0.0	432K	16K	2K	4K	22K	39K	21K	13K	350K	1.7M	0.0	0.0
Accrued Expenses	0.0	15.7M	13.4M	13.5M	14M	11.1M	6M	5.8M	6.1M	5.7M	5.1M	3.1M	4.9M	4.7M	3.6M	2.5M	3.2M	5.1M	2.7M	1.8M
Short Term Debt	0.0	0.0	0.0	0.0	0.0	0.0	0.0	926K	11K	11K	10K	0.0	0.0	18K	167K	288K	468K	172K	210K	531K
Capital Lease Obligations (Current)	2.5M	2M	1.8M	1.6M	1.6M	1.2M	1M	926K	1.6M	0.0	0.0	0.0	0.0	18K	82K	160K	203K	37K	0.0	0.0
Tax Payables	0.0	947K	1.1M	268K	0.0	0.0	0.0	0.0	432K	16K	2K	4K	22K	39K	21K	13K	350K	1.7M	0.0	0.0
Deferred Revenue	0.0	571K	1.1M	1.2M	3.3M	1.6M	15.7M	16.3M	6.4M	7.3M	5.9M	519K	779K	918K	859K	2.3M	4.6M	4M	488K	145K
Other Current Liabilities	10.3M	1.1M	1.1M	968K	0.0	760K	3.8M	3.5M	11.7M	2.7M	3.2M	6.1M	3.8M	10M	7.3M	7.1M	13.5M	0.0	1.5M	1.6M
Total Current Liabilities	17.4M	23.4M	21.5M	18.3M	19.8M	15.7M	27.8M	27.1M	19.8M	17.2M	16M	11.5M	10.9M	12.9M	9.9M	10.3M	17.5M	13.2M	6.6M	5.2M
NON-CURRENT LIABILITIES
Long Term Debt	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	16K	27K	38K	0.0	0.0	0.0	0.0	85K	246K	385K	557K	133K
Deferred Revenue (Non-Current)	0.0	0.0	0.0	0.0	0.0	88K	13.1M	26.5M	59M	64M	69M	59K	130K	411K	261K	0.0	-447K	-119K	0.0	0.0
Deferred Tax Liabilities (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	2.2M	2.4M	2M	2.1M	1.7M	1.5M	317K	447K	119K	0.0	0.0
Other Non-Current Liabilities	1.1M	57K	207K	121K	247K	430K	278K	236K	0.0	554K	718K	2.5M	2.1M	2.2M	2.1M	2.2M	3.4M	8K	0.0	0.0
Total Non-Current Liabilities	8M	9.4M	11.7M	13.4M	15.1M	17M	24.9M	39.3M	59.4M	66.8M	72.1M	4.5M	4.3M	4.3M	3.9M	2.8M	4.5M	420K	620K	234K
Capital Lease Obligations	9.4M	11.3M	13.3M	14.9M	16.4M	17.7M	12.6M	13.5M	1.7M	0.0	0.0	0.0	0.0	18K	100K	304K	572K	27K	63K	101K
Total Liabilities	25.3M	32.8M	33.2M	31.7M	34.9M	32.7M	52.8M	66.5M	79.2M	83.9M	88.1M	16M	15.3M	17.2M	13.8M	13.1M	22M	13.6M	7.2M	5.4M
SHAREHOLDERS' EQUITY
Treasury Stock	-166.8M	-130.9M	-80.5M	-80.5M	-53.8M	-30.5M	-30.5M	-30.5M	-20.5M	-16.2M	-6.8M	-6.8M	-4M	-4M	0.0	0.0	0.0	0.0	0.0	0.0
Common Stock	67K	66K	65K	64K	64K	62K	61K	59K	58K	57K	55K	54K	53K	53K	53K	53K	51K	50K	40K	38K
Additional Paid-In Capital	244.4M	235M	217.6M	205M	195.6M	179.2M	170M	158.4M	149M	139.7M	129.8M	124.4M	119.9M	117.3M	114.6M	112M	108.6M	98.5M	20.8M	14.5M
Retained Earnings	128.7M	105.7M	82.7M	61.2M	37.1M	22.8M	-3.6M	-14.5M	-45.9M	-58.3M	-59.3M	-47.7M	-29M	-25.9M	-17.6M	8.8M	12.4M	8.8M	99K	-5.7M
Accumulated Other Comprehensive Income/Loss	-94K	98K	-44K	-349K	-149K	53K	-37K	-133K	-125K	-118K	-64K	-73K	-107K	-79K	-92K	-80K	-66K	-340K	-840K	-736K
Other Total Stockholders' Equity	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-23K	-38K	-90K	0.0	62.5M	0.0
Total Stockholders' Equity	206.2M	210M	219.8M	185.3M	178.8M	171.6M	136M	113.4M	82.5M	65.1M	63.7M	69.9M	86.9M	87.4M	97M	120.8M	121M	107M	20.1M	8.1M
Total Equity	206.2M	210M	219.8M	185.3M	178.8M	171.6M	136M	113.4M	82.5M	65.1M	63.7M	69.9M	86.9M	87.4M	97M	120.8M	121M	107M	20.1M	8.1M
SUMMARY
Total Liabilities & Equity	231.5M	242.8M	253M	217M	213.7M	204.3M	188.8M	179.8M	161.7M	149.1M	151.8M	85.9M	102.2M	104.6M	110.7M	133.9M	143M	120.6M	27.3M	13.5M
Total Investments	35.2M	70.2M	54.3M	36.5M	33.6M	20.4M	74.2M	74.6M	70M	41.2M	2.6M	13.3M	19.6M	14.3M	22.9M	-2.1M	0.0	0.0	0.0	0.0
Total Debt	9.4M	11.3M	13.3M	14.9M	16.4M	17.7M	12.6M	13.5M	27K	38K	48K	0.0	0.0	18K	185K	517K	1.1M	621K	830K	765K
Net Debt	-38.6M	-18.3M	-54.8M	-41.5M	-57.9M	-76.6M	-13.8M	-8.5M	-27.8M	-61.3M	-99.9M	-15.5M	-14.4M	-16.6M	-18.3M	-54.8M	-58M	-78.7M	590K	723K
Shares Outstanding	52,972,100	52,972,100	52,972,100	52,972,100	52,972,100	52,972,100	52,972,100	52,972,100	52,972,100	52,972,100	52,972,100	52,972,100	52,972,100	52,972,100	52,972,100	52,972,100	52,972,100	52,972,100	52,972,100	52,972,100

SEC Filings

ERII - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 28, 2026	May 28, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 06, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 06, 2026	May 06, 2026	2026	View Filing
DEF 14A DEF 14A 2025 N/A	April 21, 2026	December 31, 2025	2025	View Filing
10-K 10-K 2025 FY FY	February 25, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 25, 2026	February 25, 2026	2026	View Filing
10-Q 10-Q 2025 Q3 Q3	November 05, 2025	September 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	November 05, 2025	November 05, 2025	2025	View Filing
8-K 8-K 2025 N/A	August 06, 2025	August 06, 2025	2025	View Filing
8-K 8-K 2025 N/A	August 06, 2025	August 06, 2025	2025	View Filing

Showing 1 to 10 of 332 filings

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