earnings
confidence high
sentiment neutral
materiality 0.75
ERII Q4: net income $26.9M (+15% YoY); operating margin 46.8%; winds down CO2 grocery segment
Energy Recovery, Inc.
2025-FY EPS reported
$0.42
revenue$134,987,000
- Revenue $66.9M (down $0.2M YoY); gross margin 67.2% (down 300 bps); operating margin 46.8% (up 860 bps).
- Net income $26.9M, diluted EPS $0.50, up from $0.41 YoY; adjusted EBITDA $33.6M.
- Full-year 2025 revenue $135.0M (down 7%); net income $23.0M flat; cash/investments $83.3M.
- Company winds down CO2 retail grocery business within Emerging Technologies; expects $4.5-5.5M one-time costs, including $1-2M cash severance, substantially complete by Q1 2026.
- Exit driven by long adoption timeline and capital allocation criteria; non-cash items include inventory reserve and goodwill impairment.