What is Energy Recovery's R&D?

Energy Recovery (ERII) reported R&D of $2.79M in Q1 2026.

How has Energy Recovery's R&D changed year-over-year?

Energy Recovery's R&D decreased by 7.1% year-over-year, from $3M to $2.79M.

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.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Energy Recovery ERII R&D

R&D at other companies

PentairPNR

$24.5M+3.8%

UCT

Ultra Clean HoldingsUCTT

$8.5M+11.8%

ITTITT

$33.1M+30.8%

XylemXYL

$56M0.0%

Regal RexnordRRX

$49.68M+12.6%

Segments

By segment

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Desalination$1.62M—

Emerging Technologies$1.04M-43.1%

Wastewater$136K—

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:ResearchAndDevelopmentExpense.

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 R&D?: Energy Recovery (ERII) reported R&D of $2.79M in Q1 2026.
How has Energy Recovery's R&D changed year-over-year?: Energy Recovery's R&D decreased by 7.1% year-over-year, from $3M to $2.79M.
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.