---
schema_version: "secwatch.filing_event.v1"
accession: "0001421517-25-000076"
form_type: "8-K"
ticker: "ERII"
cik: "0001421517"
company_name: "Energy Recovery, Inc."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T07:29:55.606171+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Energy Recovery Q1 revenue falls 33% to $8.1M; net loss widens to $9.9M

## Summary
- Revenue $8.1M, down 33% YoY from $12.1M, driven by timing of contracted projects.
- Gross margin 55.3%, down 370 bps from 59.0% due to lower revenue spread over fixed costs.
- Net loss $9.9M ($0.18 per share) vs. $8.3M loss in Q1'24; operating loss $12.6M.
- Adjusted EBITDA loss $8.7M; cash and investments $106.7M.
- Operating expenses down 5.8% to $17.0M; includes $0.5M restructuring and $0.4M impairment.

## SEC filing metadata
- accession: 0001421517-25-000076
- form_type: 8-K
- ticker: ERII
- cik: 0001421517
- company_name: Energy Recovery, Inc.
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1421517/000142151725000076/0001421517-25-000076-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1421517/000142151725000076/erii-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001421517-25-000076
- JSON: https://secwatch.observer/filing/0001421517-25-000076.json
- Plain text: https://secwatch.observer/filing/0001421517-25-000076.txt

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