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Energy Recovery ERII Q1 2026 earnings

Reported May 6, 2026 · After market close

Revenue$9.7MBeat by $1.3M
EPS-$0.23Miss by $0.13
Revenue estimate$8.4M
EPS estimate-$0.10

Next report

Aug 5, 2026 (In 6 days)
Revenue estimate$18.4M
EPS estimate-$0.04

Financials

Q1 2026

Income statement

See full
Revenue$9.7M+20.3%
Gross profit$2.7M-39.4%
Operating income-$14.9M-18.3%
Net income-$12.3M-24.0%
EPS (diluted)-$0.23-27.8%

Balance sheet

See full
Cash & equivalents$50.1M+1.7%
Total debt$8.8M-20.4%
Total equity$184.3M-7.0%
Total assets$209.0M-7.3%

Cash flow

See full
Operating cash flow$21.0M+97.0%
CapEx$814.0K+326%
Free cash flow$20.2M+92.8%

Valuation & ratios

Valuation

as of 07/28/26
See full
Market cap$439.17M-41.3%
Enterprise value$397.89M-43.2%
P/E21.3×-9.7×
P/S3.2×-2.1×

Profitability

See full
Gross margin63.1%-3.8pp
Operating margin15.8%+3.0pp
Net margin15.1%-0.1pp

Returns & leverage

See full
Return on equity10.8%+0.4pp
Debt / equity0×0.0×
Current ratio9.3×+0.9×

Segments

By segment

See full
Desalination$8.9M—
Wastewater$601.0K—
Emerging Technologies$198.0K+19,700%

By geography

See full
Other$6.9M—
Middle East$2.6M—
Africa$196.0K—

Versus estimates

Revenue

Q1 2026$9.7MBeat by $1.3M
Q4 2025$66.9MMiss by $15.7MQ3 2025$32.0MMiss by $50.6MQ2 2025$28.1MMiss by $14.8MQ1 2025$8.1MMiss by $13.9MQ4 2024$67.1MMiss by $313.7K

Diluted EPS

Q1 2026-$0.23Miss by $0.13
Q4 2025$0.53Miss by $0.14Q3 2025$0.12Beat by $0.03Q2 2025$0.07Beat by $0.05Q1 2025-$0.13Miss by $0.12Q4 2024$0.50Beat by $0.08

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Questions, answered.

When did Energy Recovery report Q1 2026 earnings?
Energy Recovery (ERII) reported Q1 2026 earnings on May 6, 2026 after market close.
What were Energy Recovery's Q1 2026 revenue and EPS?
Energy Recovery reported revenue of $9.7M and eps of $-0.23 for Q1 2026.
Did Energy Recovery beat estimates in Q1 2026?
Revenue beat the consensus estimate of $8.4M by $1.3M. EPS missed the consensus estimate of $-0.10 by $0.13.
How did Energy Recovery's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 20.3% from $8.1M a year earlier and eps declined 76.9% from $-0.13.
Where can I find Energy Recovery's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001421517-26-000040) and the 10-Q periodic report (0001421517-26-000041) directly on SEC EDGAR. The filing index links above go to sec.gov.