---
schema_version: "secwatch.filing_event.v1"
accession: "0001421517-26-000040"
form_type: "8-K"
ticker: "ERII"
cik: "0001421517"
company_name: "Energy Recovery, Inc."
filed_at: "2026-05-06T23:59:59+00:00"
generated_at: "2026-05-14T22:36:16.584605+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Energy Recovery reports Q1 2026 results, CEO David Moon to retire, CFO resigns, board authorizes $25M share repurchase

## Summary
- Revenue increased 20% to $9.7M in Q1 2026 from $8.1M in Q1 2025; net loss was $12.3M.
- CEO David Moon announced intention to retire after successor appointed; search underway.
- CFO Mike Mancini resigned effective May 6, 2026; Aidan Ryan appointed Interim CFO.
- Board authorized new $25M share repurchase program over next 12 months, adding to $130M total announced since Nov 2024.
- Gross margin fell to 27.8% from 55.3% due to restructuring charges and higher costs.

## SEC filing metadata
- accession: 0001421517-26-000040
- form_type: 8-K
- ticker: ERII
- cik: 0001421517
- company_name: Energy Recovery, Inc.
- filed_at: 2026-05-06T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1421517/000142151726000040/0001421517-26-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1421517/000142151726000040/erii-20260506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001421517-26-000040
- JSON: https://secwatch.observer/filing/0001421517-26-000040.json
- Plain text: https://secwatch.observer/filing/0001421517-26-000040.txt

## Source-grounded claims
- claim_id: e02fe03afb69efde5c2fc57ed9408de932ddf008
  claim: Energy Recovery, Inc. reported the first quarter ended March 31, 2026 results: revenue $9.7 million, net income Net loss of $12.3 million, EPS Diluted loss per share ($0.23).
  evidence_excerpt: over the next 12 months. Since November 2024, the Company has now announced $130.0 million of aggregate share repurchase authorizations. First Quarter Highlights • Revenue of $9.7 million, an increase of $1.6 million, as compared to Q1’2025. • Gross margin of 27.8%, a decrease of 2,750 bps, as compared to Q1’2025 due primarily to $1.6 million of restructuring
  evidence_url: https://www.sec.gov/Archives/edgar/data/1421517/000142151726000040/0001421517-26-000040-index.htm
- claim_id: 0735796eec
  claim: David Moon departed as President and Chief Executive Officer at Energy Recovery, Inc..
  evidence_excerpt: David Moon, President and Chief Executive Officer of the Company, has notified the Board of Directors (the “Board”) of his intention to retire following the appointment of his replacement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1421517/000142151726000040/0001421517-26-000040-index.htm
- claim_id: 8e4223b6c8
  claim: Mike Mancini resigned as Chief Financial Officer at Energy Recovery, Inc..
  evidence_excerpt: On May 4, 2026, Mike Mancini, Chief Financial Officer of the Company, submitted his resignation to the Company effective as of May 6, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1421517/000142151726000040/0001421517-26-000040-index.htm
- claim_id: d41eda34b7
  claim: Aidan Ryan was appointed as Interim Chief Financial Officer at Energy Recovery, Inc..
  evidence_excerpt: On May 6, 2026, the Company announced that Aidan Ryan, 42, has been appointed as the Interim Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1421517/000142151726000040/0001421517-26-000040-index.htm

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