Latest revenue
$9.7M
as of 2026-03-31
Latest net income
$-12.3M
as of 2026-03-31
Net margin
-126.2%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $456.2M
- Enterprise value
- $456.2M
- P/E (trailing)
- 19.9×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $18.32
- 52-wk low
- $8.13
- Beta
- —
- Shares out
- 51.5M
5-year trend
What this company does
Item 1 — Business Overview Energy Recovery, Inc. (the “Company”, “Energy Recovery”, “we”, “our” and “us”) designs and manufactures world-class energy-saving technology for critical infrastructure that communities rely on every day, driving a more resilient and sustainable future. Grounded in more than 30 years of leadership in the desalination industry, today we use our proprietary pressure exchanger technology to help customers in multiple industries improve their operations and lower their emissions. We have been incorporated in the state of Delaware since 2001. Our corporate headquarters, principal research and development (“R&D”), and manufacturing facility is located in San Leandro,…
AI summary unavailable — showing raw filing excerpt
Generated from ERII's filing dated 2026-02-25
Key risks
Item 1A — Risk Factors The following discussion sets forth what management currently believes could be the most significant risks and uncertainties that could impact our businesses, results of operations, and financial condition. Other risks and uncertainties, including those not currently known to us or our management, could also negatively impact our businesses, results of operations, and financial conditions. Accordingly, the following should not be considered a complete discussion of all of the risks and uncertainties we may face. We may amend or supplement these risk factors from time to time in other reports we file with the SEC. Risks Related to our Water Segment Our Water segment…
AI summary unavailable — showing raw filing excerpt
Generated from ERII's filing dated 2026-02-25
Profitability
Gross margin
65.1%
2.6%Operating margin
17.7%
30.1%Net margin
17.0%
7.0%Return on equity
11.1%
6.2%Return on assets
9.9%
4.5%Leverage
Debt / equity
0.12×
17.4%Debt / assets
10.9%
15.5%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $9.7M | +20.3% | $-12.3M | -24.0% | -126.2% |
Q4 2025 2025-12-31 | $66.9M | -0.3% | $26.9M | -16.9% | 40.2% |
Q3 2025 2025-09-30 | $32.0M | -17.1% | $3.9M | +1020.2% | 12.1% |
Q2 2025 2025-06-30 | $28.1M | +3.1% | $2.1M | +419.9% | 7.3% |
Q1 2025 2025-03-31 | $8.1M | -33.3% | $-9.9M | -19.6% | -122.5% |
Q4 2024 2024-12-31 | $67.1M | — | $32.4M | — | 48.3% |
Q3 2024 2024-09-30 | $38.6M | +4.2% | $-421.0K | -124.8% | -1.1% |
Q2 2024 2024-06-30 | $27.2M | +31.3% | $-642.0K | +61.4% | -2.4% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Special Industry Machinery, NEC · SIC 3559
Your notes
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Insider activity
Insider buying
$166.8K
Insider selling
$5.2M
Net activity
−$5.0M
Distinct insiders
5
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns ERII
Institutional value
$200.3M
Total shares held
20.7M
Distinct holders
105
-84 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 6.1M | $61.3M | -246.5K (-3.9%) | Trimmed |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 2.2M | $22.5M | — | New |
| 3 | Legal & General Group Plc | 1.9M | $19.2M | +558.7K (+41.6%) | Added |
| 4 | VANGUARD PORTFOLIO MANAGEMENT LLC | 1.3M | $12.7M | — | New |
| 5 | DIMENSIONAL FUND ADVISORS LP | 877.4K | $8.8M | -72.1K (-7.6%) | Trimmed |
| 6 | Invesco Ltd. | 826.3K | $8.3M | +80.3K (+10.8%) | Added |
| 7 | DIAMOND HILL CAPITAL MANAGEMENT INC | 673.0K | $6.8M | -215.3K (-24.2%) | Trimmed |
| 8 | Kopion Asset Management, LLC | 507.0K | $5.1M | +172.5K (+51.6%) | Added |
| 9 | ROYCE & ASSOCIATES LP | 483.0K | $4.9M | +150.8K (+45.4%) | Added |
| 10 | KLP KAPITALFORVALTNING AS | 404.5K | $4.1M | +16.8K (+4.3%) | Added |
| 11 | VANGUARD FIDUCIARY TRUST CO | 364.3K | $3.7M | — | New |
| 12 | PINNACLE ASSOCIATES LTD | 342.4K | $3.4M | -37.8K (-9.9%) | Trimmed |
| 13 | Raiffeisen Bank International AG | 350.0K | $3.4M | +50.0K (+16.7%) | Added |
| 14 | CenterBook Partners LP | 271.8K | $2.7M | — | New |
| 15 | BNP PARIBAS FINANCIAL MARKETS | 271.0K | $2.7M | +154.9K (+133.4%) | Added |
| 16 | Redmond Asset Management, LLC | 214.4K | $2.2M | -12.0K (-5.3%) | Trimmed |
| 17 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 165.7K | $1.7M | +6.1K (+3.8%) | Added |
| 18 | Nuveen, LLC | 164.5K | $1.7M | -170 (-0.1%) | Trimmed |
| 19 | ISTHMUS PARTNERS, LLC | 153.3K | $1.5M | +42.2K (+38.0%) | Added |
| 20 | Bank of New York Mellon Corp | 148.8K | $1.5M | -6.0K (-3.9%) | Trimmed |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once ERII's latest filing finishes processing.