Energy Recovery, Inc.
ERIIOther · Large accelerated filer · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $135.0M | $144.9M | $128.3M | $125.6M | $103.9M | $119.0M |
| Operating income | $23.9M | $19.7M | $19.1M | $24.8M | $13.8M | $31.3M |
| Net income | $23.0M | $23.1M | $21.5M | $24.0M | $14.3M | $26.4M |
| Total assets | $231.5M | $242.8M | $253.0M | $217.0M | $213.7M | $204.3M |
| Total liabilities | $25.3M | $32.8M | $33.2M | $31.7M | $34.9M | $32.7M |
| Equity | $206.2M | $210.0M | $219.8M | $185.3M | $178.8M | $171.6M |
| EPS (diluted) | $0.42 | $0.40 | $0.37 | $0.42 | $0.24 | $0.47 |
| Shares out. | 55.0M | 57.1M | 56.3M | 56.8M | 57.1M | 55.5M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 17.7%
- Net margin
- 17.0%
- Return on equity
- 11.1%
- Return on assets
- 9.9%
- Return on capital (ROCE)
- 11.2%
- Liabilities / assets
- 10.9%
- Debt / equity
- 0.12×
- Book value / share
- $3.75
- Revenue growth (YoY)
- −6.9%
- Net income growth (YoY)
- −0.4%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 15.70safe
- Accruals / assets
- 1.8%clean
- Beneish M-Score
- -2.23normal
- Piotroski F-Score
- 7/9strong
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 warning● 5 good- Revenue declined year-over-year
- Operating margin is positive
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- AmundiPassive (13G)Apr 10, 2026
- Ameriprise Financial IncPassive (13G)Apr 8, 2026
- Vanguard Group IncPassive (13G)Mar 26, 2026
- Brown Capital Management LlcPassive (13G)May 15, 2025
- Fmr LlcPassive (13G)Feb 12, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Tondreau Pamela L.Director | May 13, 2026 | Buy | 20,000 | $8.34 |
| Hanstveit ArveDirector | Apr 6, 2026 | Sell | 2,419 | $10.29 |
| Hanstveit ArveDirector | Apr 2, 2026 | Sell | 165,292 | $10.14 |
| Hanstveit ArveDirector | Mar 10, 2026 | Sell | 25,000 | $10.96 |
| Hanstveit ArveDirector | Mar 5, 2026 | Sell | 38,418 | $10.71 |
| Clemente RodneyOfficer — SVP, Water | Mar 4, 2026 | Sell | 20,568 | $10.61 |
| Ramanan NatarajanOfficer — Chief Technology Officer | Mar 5, 2026 | Sell | 272 | $10.57 |
| Ramanan NatarajanOfficer — Chief Technology Officer | Mar 3, 2026 | Tax withholding | 2,724 | $10.22 |
| Mancini Michael S.Officer — Chief Financial Officer | Feb 17, 2026 | Grant | 45,626 | $0.00 |
| Moon David WOfficer — President and CEO | Feb 17, 2026 | Grant | 81,812 | $0.00 |
| Yeung WilliamOfficer — Chief Legal Officer | Feb 17, 2026 | Grant | 25,959 | $0.00 |
| Ramanan NatarajanOfficer — Chief Technology Officer | Feb 17, 2026 | Grant | 29,106 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 1.9M | 1.0 | +9.9% |
| Apr 30, 2026 | 1.7M | 1.7 | -16.4% |
| Apr 15, 2026 | 2.1M | 3.0 | -2.5% |
| Mar 31, 2026 | 2.1M | 2.4 | +35.8% |
| Mar 13, 2026 | 1.6M | 1.5 | +8.2% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Director / officer changeMay 28, 2026
- Results of operations · Director / officer change · Other material eventMay 6, 2026
- Results of operations · Costs from exit or disposal · Material impairmentFeb 25, 2026
- Results of operationsNov 5, 2025
- Other material eventAug 6, 2025
- Results of operationsAug 6, 2025
- Shareholder voteJun 11, 2025
- Results of operationsMay 7, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 8-KMay 28, 2026
- SDFORM SD - SPECIALIZED DISCLOSURE REPORTMay 26, 2026
- 3FORM 3May 19, 2026
- 4FORM 4May 15, 2026
- 10-QMay 6, 2026
- 8-KMay 6, 2026
- DEF 14AApr 21, 2026
- SCHEDULE 13G/AApr 10, 2026
- 4FORM 4Apr 8, 2026
- SCHEDULE 13G/AApr 8, 2026
- 4FORM 4Apr 6, 2026
- SCHEDULE 13G/AMar 26, 2026
- 4FORM 4Mar 11, 2026
- 144Mar 10, 2026
- 4FORM 4Mar 9, 2026
Event-driven situations (2)
Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.