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Energy Recovery ERII Q4 2025 Annual earnings

Reported February 25, 2026 · After market close

Revenue$66.9MMiss by $15.7M
EPS$0.53Miss by $0.14
Revenue estimate$82.6M
EPS estimate$0.67

Next report

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

Financials

Q4 2025

Income statement

See full
Revenue$66.9M-0.3%
Gross profit$45.0M-4.6%
Operating income$31.3M+22.3%
Net income$26.9M+14.7%
EPS (diluted)$0.49+19.5%

Balance sheet

See full
Cash & equivalents$48.1M+61.6%
Total debt$9.4M-16.7%
Total equity$206.2M-1.8%
Total assets$231.5M-4.6%

Cash flow

See full
Operating cash flow$7.1M-21.0%
CapEx$662.0K+537%
Free cash flow$6.4M-27.5%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$714.59M-16.0%
Enterprise value$675.95M-18.8%
P/E31.1×-5.8×
P/S5.3×-0.6×

Profitability

See full
Gross margin65.1%-1.7pp
Operating margin17.7%+4.1pp
Net margin17%+1.1pp

Returns & leverage

See full
Return on equity11%+0.3pp
Debt / equity0×0.0×
Current ratio10.4×+3.0×

Segments

By segment

See full
Emerging Technologies--100%

Versus estimates

Revenue

Q1 2026$9.7MBeat by $1.3M
Q4 2025$66.9MMiss by $15.7M
Q3 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 $0.14
Q3 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 Q4 2025 earnings?
Energy Recovery (ERII) reported Q4 2025 earnings on February 25, 2026 after market close.
What were Energy Recovery's Q4 2025 revenue and EPS?
Energy Recovery reported revenue of $66.9M and eps of $0.53 for Q4 2025.
Did Energy Recovery beat estimates in Q4 2025?
Revenue missed the consensus estimate of $82.6M by $15.7M. EPS missed the consensus estimate of $0.67 by $0.14.
How did Energy Recovery's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 0.3% from $67.1M a year earlier and eps grew 6.0% from $0.50.
Where can I find Energy Recovery's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001421517-26-000021) and the 10-K periodic report (0001421517-26-000022) directly on SEC EDGAR. The filing index links above go to sec.gov.