secwatch.observer — SEC 8-K summary
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Issuer:     Energy Recovery, Inc. (ERII)
CIK:        0001421517
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0001421517-25-000133
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421517/000142151725000133/0001421517-25-000133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421517/000142151725000133/erii-20251105.htm
  HTML page:      https://secwatch.observer/filing/0001421517-25-000133

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer