Short answer
Energy Recovery, Inc. (ERII) filed its Q2 2026 10-Q quarterly report on Aug 5, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $12M (down 57.2% year over year) with net income of −$3M.
Q2 2026 key financials · XBRL
- Revenue
- $12M
- −57.2% YoY · +23.6% QoQ
- Net income
- −$3M
- −255.7% YoY · +73.9% QoQ
- Operating margin
- -49.0%
- Gross margin
- 74.7%
- EPS (diluted)
- −$0.07
- −275.0% YoY · +69.6% QoQ
Source: XBRL data from the Energy Recovery, Inc. (ERII) Q2 2026 10-Q on SEC EDGAR. USD.
Energy Recovery, Inc. Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Q2 revenue $12.0M, down 57% YoY from $28.1M, driven by megaproject revenue down 82% to $2.7M
- Gross margin 74.7% vs 64.0% YoY, while gross profit fell to $9.0M from $18.0M
- Desalination strongest segment at $11.5M revenue vs Wastewater $0.5M, with Desalination operating expenses up 35.2%
- Six-month operating cash flow $37.3M vs $14.8M YoY; cash and equivalents $61.4M at June 30
- Management expects liquidity for at least 12 months; headwinds include lower volume, tariffs, product mix, and potential additional financing needs
Risk Factors
- Newly added Saudi Arabia manufacturing risk, triggered by facility development and expected 2027 operations
- Operational risk: commissioning delays, cost overruns, or production shortfalls could postpone customer deliveries and increase costs
- Regulatory risk: Saudi facility subject to local labor, tax, environmental, customs, sanctions, and export-control requirements
- Market risk: 2026 Iran conflict and Middle East tensions may delay desalination projects and reduce Water segment demand
- Financial risk: geopolitical escalation could increase input costs, interest rates, and future financing costs
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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