Short answer
Energy Recovery, Inc. (ERII) filed its Q1 2026 10-Q quarterly report on May 6, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $10M (up 20.3% year over year) with net income of −$12M.
Q1 2026 key financials · XBRL
- Revenue
- $10M
- +20.3% YoY
- Net income
- −$12M
- −24.0% YoY
- Operating margin
- -153.1%
- Gross margin
- 27.8%
- EPS (diluted)
- −$0.23
- −27.8% YoY
Source: XBRL data from the Energy Recovery, Inc. (ERII) Q1 2026 10-Q on SEC EDGAR. USD.
Energy Recovery, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $9.706M, up 20% YoY from $8.065M
- Gross margin 27.8% vs 55.3% YoY, pressured by $1.6M inventory restructuring charge
- Best segment Desalination revenue $8.907M vs $7.759M; worst Wastewater $0.601M vs $0.305M
- Operating cash flow $21.037M vs $10.678M; cash and restricted cash increased $2.040M
- $10.7M share repurchases; CO2 grocery wind-down substantially complete with no significant additional expenses expected
Risk Factors
- New geopolitical risk: 2026 Iran conflict and escalating Middle East tensions threatening desalination megaproject timing
- Most material update: Water demand exposure expanded to project cancellations and financing delays from inflation, conflict, and changing government priorities
- Regulatory and compliance risk: Tariff regimes, currency controls, and changing trade agreements could restrict cross-border transactions
- Operational risk: Middle East hostilities could disrupt supply chains, business partners, and customers
- Financial risk: Foreign-exchange fluctuations affect substantial revenues generated outside the U.S.
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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