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
Total Revenue $49.7m $58.2m $74.5m $86.9m $119.0m $103.9m $125.6m $128.3m $144.9m $135.0m
Revenue from Contract with Customer, Including Assessed Tax $61.0m
Cost of Goods and Services Sold $17.8m $19.1m $43.1m $53.7m $62.2m $64.9m $72.4m $41.3m $48.0m $47.1m
Gross Profit (derived) $31.9m $39.1m $31.5m $33.2m $56.8m $39.0m $53.2m $87.1m $96.9m $87.9m
Operating Expenses $36.5m $40.8m $46.7m $56.2m $59.4m $57.4m $62.5m $68.0m $77.2m $64.0m
Operating Income (Loss) $357k $3.3m $10.0m $10.4m $31.3m $13.8m $24.8m $19.1m $19.7m $23.9m
Additional Financial Items
Amortization of Intangible Assets $631k $631k $630k $575k $16k $12k
Foreign Currency Transaction Gain (Loss), before Tax ($13k) ($144k) $10k $27k
Goodwill, Impairment Loss $0 $0 $0 $0
Income (Loss) from Continuing Operations before Income Taxes, Domestic $6.2m $12.0m $12.1m $12.2m $32.0m $13.9m $25.9m $22.6m $25.6m $27.4m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $644k $4.3m $11.4m $12.3m $32.1m $14.0m $26.1m $22.7m $25.7m $27.6m
Net Income (Loss) Attributable to Parent $1.0m $12.3m $22.1m $10.9m $26.4m $14.3m $24.0m $21.5m $23.1m $23.0m
Earnings Per Share, Basic $0.02 $0.23 $0.41 $0.20 $0.47 $0.25 $0.43 $0.38 $0.40 $0.43
Earnings Per Share, Diluted $0.02 $0.22 $0.40 $0.19 $0.47 $0.24 $0.42 $0.37 $0.40 $0.42
Weighted Average Number of Shares Outstanding, Basic 52.3m 53.7m 53.8m 54.7m 55.7m 57.0m 56.2m 56.4m 57.2m 53.8m
Weighted Average Number of Shares Outstanding, Diluted 55.5m 55.6m 55.3m 56.1m 56.6m 58.7m 57.6m 57.7m 57.8m 54.2m
Other Nonoperating Income (Expense) $290k ($188k) ($80k) ($118k) ($74k) ($31k) $334k ($101k) ($207k) $92k
Current Income Tax Expense (Benefit) $62k $471k ($274k) ($51k) ($103k) $90k $804k $1.3m $1.4m $2.9m
General and Administrative Expense $16.6m $17.4m $21.5m $22.8m $25.5m $25.2m $28.3m $28.9m $33.1m $29.8m
Interest Expense $3k $2k $1k $0 $0
Nonoperating Income (Expense) $287k $680k $1.5m $1.9m $839k $173k $1.2m $3.7m $6.0m $3.7m
Research and Development Expense $10.1m $13.4m $17.0m $23.4m $23.4m $20.1m $17.9m $17.0m $16.2m $13.0m
Selling and Marketing Expense $9.1m $9.4m $7.5m $9.4m $8.1m $12.2m $16.3m $22.2m $25.4m $20.9m
Income Tax Expense (Benefit) ($390k) ($8.4m) ($10.7m) $1.3m $5.7m ($265k) $2.0m $1.2m $2.7m $4.6m