---
schema_version: "secwatch.filing_event.v1"
accession: "0001421517-25-000047"
form_type: "8-K"
ticker: "ERII"
cik: "0001421517"
company_name: "Energy Recovery, Inc."
filed_at: "2025-02-26T23:59:59+00:00"
generated_at: "2026-05-26T03:28:01.361310+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Energy Recovery Q4 revenue $67.1M (+17% YoY); net income $23.5M; margin expands

## Summary
- Q4 2024 revenue of $67.1M, up 17% YoY; full-year revenue $144.9M at midpoint of guidance.
- GAAP net income $23.5M ($0.41 per share); adjusted net income $28.3M ($0.50 per share).
- Gross margin improved to 70.2% (+110 bps YoY) due to manufacturing transformation benefits.
- Operating expenses $21.5M, including $2.5M restructuring costs from workforce reduction and exec transition.
- Cash and investments $99.9M; management to provide 2025 outlook in shareholder letter.

## SEC filing metadata
- accession: 0001421517-25-000047
- form_type: 8-K
- ticker: ERII
- cik: 0001421517
- company_name: Energy Recovery, Inc.
- filed_at: 2025-02-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1421517/000142151725000047/0001421517-25-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1421517/000142151725000047/erii-20250226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001421517-25-000047
- JSON: https://secwatch.observer/filing/0001421517-25-000047.json
- Plain text: https://secwatch.observer/filing/0001421517-25-000047.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.