Energy Recovery (ERII) Company Report

Energy Recovery reported a strong Q3 2025 with improved mega project shipments and rebounding wastewater revenue, leading to the reiteration of its four-year revenue guidance.
The company also reduced its four-year OPEX guidance due to successful cost control efforts, expecting growth in Q4 and next year with only modest increases in operating expenses.
The CO2 business had a successful summer testing season, validating energy savings and water savings, but commercialization with large OEMs is now anticipated in 2026, with real commercialization likely in 2027, following another season of customer testing.
In the wastewater segment, Energy Recovery secured a $350,000 lithium extraction project in Argentina for Q3 2025, indicating potential growth in this niche.

Nov 5, 2025, 10:00 PM

Energy Recovery Reports Strong Q3 2025 Sales and Reaffirms Revenue Guidance

ERII

Earnings

Guidance Update

New Projects/Investments

Energy Recovery (ERII) reported strong sales execution in Q3 2025, driven by improved mega project shipments and a rebound in wastewater revenue, leading to the reiteration of its four-year revenue guidance.
The company further reduced its four-year OPEX guidance due to effective cost control, anticipating growth in Q4 2025 and next year with only modest increases in operating expenses.
The CO2 business had a successful summer testing season, validating energy savings and increased performance, but commercialization remains in early stages, with large OEM agreements expected in 2026 and full commercialization likely in 2027 after further customer testing.
In its growing wastewater segment, Energy Recovery secured a $350,000 lithium extraction project in Argentina, with expectations for additional projects in this area.

Nov 5, 2025, 10:00 PM

Energy Recovery Reports Strong Q3 2025 Sales and Reduced OpEx Guidance

ERII

Earnings

Guidance Update

New Projects/Investments

Energy Recovery reported a strong Q3 2025 with improved mega project shipments and rebounding wastewater revenue, leading to the reiteration of its four-year revenue guidance.
The company achieved significant cost control, resulting in a further reduction of its four-year OpEx guidance.
The CO2 business had a successful summer testing season, validating energy savings and performance, but commercialization with large OEMs is now anticipated in 2027, with commercial agreements likely in 2026.
In the wastewater segment, the company secured a $350,000 lithium extraction project in Argentina and is actively hiring to support growth.

Nov 5, 2025, 10:00 PM

Energy Recovery, Inc. Reports Q3 2025 Financial Results

ERII

Earnings

Demand Weakening

Energy Recovery, Inc. reported revenue of $32.0 million for Q3 2025, marking a 17% decrease compared to Q3 2024, primarily attributed to the timing of revenue from contracted projects.
Net income for Q3 2025 was $3.9 million, a 54% decrease from Q3 2024, resulting in net income per share of $0.07.
Operating expenses decreased by 6.4% to $16.9 million in Q3 2025 compared to Q3 2024, mainly due to lower employee costs and reduced Emerging Technologies segment development costs.
As of September 30, 2025, the company held $79.9 million in cash and investments.

Nov 5, 2025, 9:08 PM

Energy Recovery Reports Third Quarter 2025 Financial Results

ERII

Earnings

Demand Weakening

Energy Recovery reported revenue of $32.0 million for Q3 2025, a 17% decrease from Q3 2024, primarily due to the timing of revenue from contracted projects.
Net income for Q3 2025 was $3.9 million, representing a 54% decrease compared to Q3 2024.
Adjusted EBITDA for the third quarter of 2025 was $6.8 million.
As of September 30, 2025, the company held $79.9 million in cash and investments.