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Energy Recovery ERII Q3 2025 earnings

Reported November 5, 2025 · After market close

Revenue$32.0MMiss by $50.6M
EPS$0.12Beat by $0.03
Revenue estimate$82.6M
EPS estimate$0.09

Next report

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

Financials

Q3 2025

Income statement

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Revenue$32.0M-17.1%
Gross profit$20.6M-18.1%
Operating income$3.7M-48.1%
Net income$3.9M-54.3%
EPS (diluted)$0.07-53.3%

Balance sheet

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Cash & equivalents$47.1M-25.7%
Total debt$10.0M-15.4%
Total equity$180.8M-22.7%
Total assets$209.6M-20.2%

Cash flow

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CapEx$342.0K+102%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$820.32M-17.8%
Enterprise value$783.22M-17.2%
P/E42×-9.4×
P/S6.1×-1.3×

Profitability

See full
Gross margin66.6%+0.5pp
Operating margin13.5%+2.6pp
Net margin14.4%+0.1pp

Returns & leverage

See full
Return on equity9.4%+0.4pp
Debt / equity0.1×0.0×
Current ratio7.3×-2.7×

Segments

By segment

See full
Emerging Technologies$72.0K-70.0%

Versus estimates

Revenue

Q1 2026$9.7MBeat by $1.3MQ4 2025$66.9MMiss by $15.7M
Q3 2025$32.0MMiss by $50.6M
Q2 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 $0.13Q4 2025$0.53Miss by $0.14
Q3 2025$0.12Beat by $0.03
Q2 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 Q3 2025 earnings?
Energy Recovery (ERII) reported Q3 2025 earnings on November 5, 2025 after market close.
What were Energy Recovery's Q3 2025 revenue and EPS?
Energy Recovery reported revenue of $32.0M and eps of $0.12 for Q3 2025.
Did Energy Recovery beat estimates in Q3 2025?
Revenue missed the consensus estimate of $82.6M by $50.6M. EPS beat the consensus estimate of $0.09 by $0.03.
How did Energy Recovery's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 17.1% from $38.6M a year earlier and eps declined 20.0% from $0.15.
Where can I find Energy Recovery's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001421517-25-000133) and the 10-Q periodic report (0001421517-25-000134) directly on SEC EDGAR. The filing index links above go to sec.gov.