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Energy Recovery, Inc. income statement

In fiscal 2025, Energy Recovery, Inc. reported revenue of $135m, down 6.9% on the year before, operating income of $23.9m (a 17.7% margin) and net income of $23.0m, or $0.42 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue4746284343304458697587119104126128145135121
Cost of revenue182420221714191819———3338414847—
Gross profit29228202617253239———718787978877
Research and development344541081013172323201817161312
Selling and marketing6887811999898121622252120
General and administrative141417151514201717212326252829333027
Operating income6−5−25−9−3−18−1239101031142519202414
Interest expense0000——000000——————
Income before tax6−5−25−9−3−18−12410111232142623262818
Income tax2−21−000−0−0−8−1116−021352
Net income4−4−26−8−3−19−12418221126142422232315
Diluted EPS$0.07−$0.07−$0.50−$0.16−$0.06−$0.36−$0.22$0.07$0.33$0.40$0.19$0.47$0.24$0.42$0.37$0.40$0.42$0.29
Diluted shares (average)53m52m53m51m51m52m52m55m56m55m56m57m59m58m58m58m54m53m
EBITDA7−2−22−61−14−8713141535183023242818

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Energy Recovery, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Energy Recovery, Inc.