Energy Recovery, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value $61.4m $27.8m $22.0m $26.4m $94.3m $74.4m $56.4m $68.1m $29.6m $48.1m
Prepaid Expense and Other Assets, Current $1.3m $1.3m $2.8m $4.0m $5.0m $5.1m $5.6m $3.8m $6.7m $5.1m
Cash, Cash Equivalents, and Short-term Investments $97.8m
Short-term Investments $39.1m $70.0m $73.3m $58.7m $20.4m $31.3m $33.5m $40.4m $48.4m $27.2m
Inventory, Net $4.5m $5.5m $7.1m $10.3m $11.7m $20.4m $28.4m $26.1m $24.9m $24.3m
Assets, Current $122.4m $126.2m $119.6m $113.0m $143.2m $151.8m $157.9m $185.5m $173.7m $181.2m
Property, Plant and Equipment, Net $8.6m $13.4m $14.6m $18.8m $20.2m $20.4m $19.6m $18.7m $15.4m $12.9m
Goodwill $12.8m $12.8m $12.8m $12.8m $12.8m $12.8m $12.8m $12.8m $12.8m $12.8m
Intangible Assets, Net (Excluding Goodwill) $1.9m $1.3m $640k
Operating Lease, Right-of-Use Asset $2.8m $12.2m $11.2m $16.1m $14.7m $13.1m $11.5m $9.7m $7.7m
Other Assets, Noncurrent $4k $12k $282k $407k $988k $367k $366k $388k $391k $577k
Additional Financial Items
Accounts Receivable, after Allowance for Credit Loss, Current $11.8m $12.5m $10.2m $13.0m $11.8m $20.6m $34.1m $46.9m $64.1m $76.6m
Assets $149.1m $161.7m $179.8m $188.8m $204.3m $213.7m $217.0m $253.0m $242.8m $231.5m
LIABILITIES AND EQUITY
Current liabilities:
Operating Lease, Liability, Current $926k $1.0m $1.2m $1.6m $1.6m $1.8m $2.0m $2.5m
Accounts Payable, Current $1.5m $4.1m $1.4m $1.2m $1.1m $909k $814k $3.0m $3.1m $2.1m
Operating Lease, Liability, Noncurrent $12.6m $11.5m $16.4m $14.9m $13.3m $11.5m $9.3m $6.9m
Deferred Revenue, Current $6.2m $5.6m $16.3m
Deferred Revenue, Noncurrent $64.0m $59.0m $26.5m
Long-term Debt, Current Maturities $11k $11k $0
Long-term Debt, Excluding Current Maturities $27k $16k $0
Liabilities, Current $17.2m $19.8m $27.1m $27.8m $15.7m $19.8m $18.3m $21.5m $23.4m $17.4m
Deferred Income Tax Liabilities, Net $0 $0
Other Liabilities, Noncurrent $278k $430k $247k $121k $207k $57k $1.1m
Deferred Tax Liabilities, Net $963k
Liabilities $83.9m $79.2m $66.5m $52.8m $32.7m $34.9m $31.7m $33.2m $32.8m $25.3m
Stockholders’ equity:
Preferred Stock, Value, Issued $57k $0 $0 $0 $0 $0 $0 $0 $0 $67k
Common Stock, Value, Issued $57k $58k $59k $61k $62k $64k $64k $65k $66k $67k
Additional Paid in Capital $139.7m $149.0m $158.4m $170.0m $179.2m $195.6m $205.0m $217.6m $235.0m $244.4m
Retained Earnings (Accumulated Deficit) ($58.3m) ($45.9m) ($14.5m) ($3.6m) $22.8m $37.1m $61.2m $82.7m $105.7m $128.7m
Accumulated Other Comprehensive Income (Loss), Net of Tax ($118k) ($125k) ($133k) ($37k) $53k ($149k) ($349k) ($44k) $98k ($94k)
Stockholders' Equity Attributable to Parent $65.1m $82.5m $113.4m $136.0m $171.6m $178.8m $185.3m $219.8m $210.0m $206.2m
Liabilities and Equity $149.1m $161.7m $179.8m $188.8m $204.3m $213.7m $217.0m $253.0m $242.8m $231.5m