What is Energy Recovery's work in process?

Energy Recovery (ERII) reported work in process of $6.88M in Q1 2026.

How has Energy Recovery's work in process changed year-over-year?

Energy Recovery's work in process decreased by 14.6% year-over-year, from $8.05M to $6.88M.

What is the long-term trend for Energy Recovery's work in process?

Over 5 years (2020 to 2025), Energy Recovery's work in process has grown at a 21.6% compound annual growth rate (CAGR), from $2.36M to $6.27M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Energy Recovery ERII Work in process

Work in process at other companies

UCT

Ultra Clean HoldingsUCTT

$178.8M+52.7%

FlowserveFLS

——

PentairPNR

——

Chart IndustriesGTLS

——

ITTITT

——

XylemXYL

——

Other financials

Income statement

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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

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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

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Operating cash flow$21.0M+97.0%

CapEx$814.0K+326%

Free cash flow$20.2M+92.8%

Valuation

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Market cap$453.08M-30.8%

Enterprise value$411.81M-33.2%

P/E22×-8.6×

P/S3.3×-1.3×

Profitability

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Gross margin63.1%-3.8pp

Operating margin15.8%+3.0pp

Net margin15.1%-0.1pp

FCF margin25%—

Returns & leverage

See full

Return on equity10.8%+0.4pp

Debt / equity0×0.0×

Current ratio9.3×+0.9×

Where this comes from

Reported directly by Energy Recovery in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcess.

The official record: Energy Recovery’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Energy Recovery's work in process?: Energy Recovery (ERII) reported work in process of $6.88M in Q1 2026.
How has Energy Recovery's work in process changed year-over-year?: Energy Recovery's work in process decreased by 14.6% year-over-year, from $8.05M to $6.88M.
What is the long-term trend for Energy Recovery's work in process?: Over 5 years (2020 to 2025), Energy Recovery's work in process has grown at a 21.6% compound annual growth rate (CAGR), from $2.36M to $6.27M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.