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R&D at other companies

Pentair logo
PentairPNR
$23.7M-5.6%
ITT logo
ITTITT
$35.8M+31.6%
Xylem logo
XylemXYL
$59M+1.7%
Regal Rexnord logo
Regal RexnordRRX
$49.68M+12.6%
TGE
Tecogen Inc.TGEN
$363.82K+24.3%

Segments

By segment

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Desalination$2.39M
Wastewater$262K

Other financials

Income statement

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Revenue$12.0M-57.2%
Gross profit$9.0M-50.1%
Operating income-$5.9M-499%
Net income-$3.2M-256%
EPS (diluted)-$0.06-250%

Balance sheet

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Cash & equivalents$61.4M+7.4%
Total debt$8.2M-22.0%
Total equity$172.5M-6.9%
Total assets$197.7M-6.8%

Cash flow

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Operating cash flow$16.3M+293%
CapEx$875.0K+548%
Free cash flow$15.4M+285%

Valuation

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Market cap$407.85M-44.8%
Enterprise value$354.64M-48.8%
P/E26.6×-4.0×
P/S3.4×-1.8×

Profitability

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Gross margin64%-2.7pp
Operating margin11.8%-3.4pp
Net margin12.7%-4.3pp
FCF margin25%

Returns & leverage

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Return on equity8.6%-3.4pp
Debt / equity0.0×
Current ratio8.1×0.0×

Where this comes from

Reported directly by Energy Recovery in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Energy Recovery’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:08 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001421517-26-000083
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Operating expenses:
General and administrative6,8017,66913,25616,243
Sales and marketing4,3365,3609,45510,266
Research and development2,8493,4515,6386,452
Restructuring charges8552,391539
Impairment of goodwill1,662
Total operating expenses14,84116,48032,40233,500
Income (loss) from operations(5,884)1,474(20,743)(11,088)

Item 1 — Financial Statements (unaudited)

FAQ

What is Energy Recovery's R&D?
Energy Recovery (ERII) reported R&D of $2.85M in Q2 2026.
How has Energy Recovery's R&D changed year-over-year?
Energy Recovery's R&D decreased by 17.4% year-over-year, from $3.45M to $2.85M.
What is the long-term trend for Energy Recovery's R&D?
Over 4 years (2021 to 2025), Energy Recovery's R&D has grown at a -10.2% compound annual growth rate (CAGR), from $20.07M to $13.03M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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