---
schema_version: "secwatch.filing_event.v1"
accession: "0001421517-25-000133"
form_type: "8-K"
ticker: "ERII"
cik: "0001421517"
company_name: "Energy Recovery, Inc."
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:14:12.082354+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Energy Recovery Q3 revenue down 17% to $32M; net income falls 54% to $3.9M

## Summary
- Revenue $32.0M, down from $38.6M YoY, due to timing of contracted projects.
- Gross margin 64.2%, down 90 bps from 65.1% due to product mix and tariffs.
- Net income $3.9M ($0.07 EPS) vs $8.5M ($0.15 EPS) in Q3'2024, down 54%.
- Adjusted EBITDA $6.8M, down from $11.6M YoY.
- Operating expenses down 6.4% to $16.9M; cash and investments $79.9M.

## SEC filing metadata
- accession: 0001421517-25-000133
- form_type: 8-K
- ticker: ERII
- cik: 0001421517
- company_name: Energy Recovery, Inc.
- filed_at: 2025-11-05T23:59:59+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/1421517/000142151725000133/0001421517-25-000133-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1421517/000142151725000133/erii-20251105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001421517-25-000133
- JSON: https://secwatch.observer/filing/0001421517-25-000133.json
- Plain text: https://secwatch.observer/filing/0001421517-25-000133.txt

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