Short answer
Energy Recovery, Inc. (ERII) filed its Q3 2025 10-Q quarterly report on Nov 5, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $32M (down 17.1% year over year) with net income of $4M.
Q3 2025 key financials · XBRL
- Revenue
- $32M
- −17.1% YoY · +14.1% QoQ
- Net income
- $4M
- −54.3% YoY · +88.6% QoQ
- Operating margin
- 11.4%
- Gross margin
- 64.2%
- EPS (diluted)
- $0.07
- −53.3% YoY · +75.0% QoQ
Source: XBRL data from the Energy Recovery, Inc. (ERII) Q3 2025 10-Q on SEC EDGAR. USD.
Energy Recovery, Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Q3 revenue $32.0M, down 17% YoY from $38.6M
- Gross margin 64.2% vs 65.1% YoY, pressured by product mix and tariffs
- Best channel OEM revenue $9.0M, up 82%; worst MPD revenue $18.4M, down 37%
- Nine-month operating cash flow $11.7M vs $11.6M; share repurchases drove $31.4M financing cash use
- Liquidity $47.1M cash plus $32.8M investments; sufficient for at least 12 months, with potential future financing needs
Risk Factors
- New tariff risk triggered by U.S. policy changes beginning January 2025
- Trade tariffs and retaliation threatening product demand and costs, particularly in China
- Inventory accumulated at favorable cost levels limiting significant tariff impact so far
- International trade restrictions potentially weakening product competitiveness and country access
- Carried-forward risks otherwise unchanged from the 2024 Annual Report
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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