Energy Recovery delivered a strong Q4 2025 with revenue of $66.9 million and a 22% increase in operating income to $31.3 million. While gross margins compressed slightly due to product mix and tariffs, the company significantly reduced operating expenses by 36.5%, leading to improved profitability and a diluted EPS of $0.50.

Energy Recovery's third quarter 2025 financial results were in-line with internal expectations, with revenue of $32.0 million, a decrease of 17% compared to the prior year, primarily due to the timing of revenue from contracted projects. The company reported a net income of $3.9 million and adjusted EBITDA of $6.8 million.

Energy Recovery delivered a solid second quarter in 2025, with revenue reaching $28.1 million, a 3% increase year-over-year. The company achieved a net income of $2.1 million, a significant improvement from a net loss in the prior year, and reported strong adjusted EBITDA of $4.4 million. These results were primarily driven by higher revenue from contracted projects and effective management of operating expenses.

Energy Recovery's Q1 2025 financial results were in-line with internal expectations, showing a decrease in revenue to $8.1 million due to timing of contracted projects and a net loss of $9.9 million. Gross margin decreased to 55.3%, while operating expenses saw a slight reduction.

Energy Recovery achieved a 17% increase in revenue to $67.1 million in Q4 2024, reaching the midpoint of its full-year guidance. The company also saw an improvement in gross margin to 70.2% and a 24.3% increase in income from operations, driven by higher revenue and gross margin.

Energy Recovery reported strong third-quarter results, hitting the upper end of their revenue guidance. The core desalination business showed continued growth, the wastewater business expanded, and progress was made in the CO2 refrigeration business. The company also completed their strategic work on a five-year plan for growth.

Energy Recovery reported strong second-quarter results, with revenue exceeding the upper end of guidance at $27.2 million. The company experienced a slight decrease in gross margin due to higher manufacturing costs and an increase in operating expenses due to strategic investments. Despite a net loss of $0.6 million, the adjusted EBITDA was $5.2 million.

Energy Recovery reported Q1 2024 revenue of $12.1 million, aligning with guidance. Gross margin was 59.0%, down 190 bps year-over-year due to higher manufacturing costs and increased inventory scrap. The company anticipates being in line with its full-year revenue guidance of $140-$150 million.

Energy Recovery reported record annual and fourth-quarter revenue in 2023, marking the ninth consecutive year of revenue growth. The company's core desalination business remains healthy, and the wastewater business continues to grow rapidly. However, water revenue was below guidance due to a delayed shipment of a single project to be shipped in 2024.

Energy Recovery reported strong Q3 2023 results, exceeding the upper end of revenue guidance with $37.0 million in revenue, driven by increased megaproject revenues. The company's gross margin was 69.9%, and net income reached $9.7 million.

Energy Recovery reported Q2 2023 revenue of $20.7 million, a net loss of $1.7 million, and an adjusted EBITDA of $0.2 million. The revenue was within the lower end of guidance due to a timing delay of a $5.7 million megaproject shipment. The company reaffirmed its FY 2023 guidance and continues investments in wastewater and CO2 business growth.

Energy Recovery reported a challenging first quarter with revenue of $13.4 million, aligning with guidance. The company faced a net loss of $6.3 million due to lower gross margin and the timing of megaproject shipments. Despite the loss, operating cash flow was positive at $8.7 million, driven by strong collections.

Energy Recovery reported a record revenue quarter in Q4 2022, driven by the core desalination business and industrial wastewater growth. The company's annual revenue grew by 21%, with a significant increase in net income and earnings per share.

Energy Recovery reported a strong third quarter with a 47% increase in revenue compared to the previous year. The company's net income also saw a significant rise, and they are making strides in their CO2 refrigeration and industrial wastewater businesses.

Energy Recovery reported revenue of $20.3 million. The company reaffirmed full year revenue guidance of $130 million, representing a 25% year-on-year growth.

Energy Recovery reported a record first quarter with revenue of $32.5 million, a 12% increase year-over-year. The company's operating income grew by 34% year-on-year, and net income per share increased by 17% year-over-year.

Energy Recovery achieved record revenue in 2021, with a 13% product revenue growth for the fiscal year 2021. The company reported a net income of $5.3 million, or $0.09 per diluted share, for the fourth quarter ended December 31, 2021.

Energy Recovery reported a net income of $1.1 million, or $0.02 per diluted share, for the third quarter ended September 30, 2021, compared to a net income of $5.4 million, or $0.10 per diluted share, for the third quarter ended September 30, 2020. Product revenue was $20.8 million, in line with management's guidance.

Energy Recovery reported a solid financial quarter with a 7% increase in product revenue compared to Q2 2020. The desalination business thrived, and the company made progress in diversifying its pressure exchanger technology. Net income was $1.1 million, or $0.02 per diluted share.

Energy Recovery reported a strong first quarter with record-high product revenue in its core Water segment, driven by megaproject and aftermarket channels. The company is also making progress in emerging technology projects and maintaining cost discipline, resulting in improved profitability.

Energy Recovery reported a strong finish to 2020 with a 26% increase in product revenue for the fiscal year, driven by a 27% growth in the core seawater desalination business. The company also launched the new Ultra PX™ energy recovery device and approved a $50 million share repurchase program.

Energy Recovery reported strong third-quarter results, with product revenue reaching an all-time quarterly record of $27.4 million, a 26% increase year-over-year. Net income also increased to $5.4 million, or $0.10 per diluted share.

Energy Recovery reported a strong second quarter with a 91% increase in total revenue, driven by product revenue and license and development revenue.

Energy Recovery reported a revenue of $21.5 million, a 9% increase year-over-year. Net income was $0.6 million, or $0.01 per diluted share.

Energy Recovery reported a net loss of $0.6 million for the fourth quarter of 2019, compared to a net income of $2.4 million in the same period of 2018. Total revenue increased by 10% to $19.5 million, driven by growth in the Water segment, while the Oil & Gas segment experienced a slight decrease. The company's product gross margin decreased due to a change in product mix, and operating expenses increased due to continued investment in research and development and growth in headcount.