Jun 2026 (Q2 FY26) — Aug 5, 2026
Energy Recovery Q2 FY26 — Strong Long-Term Pipeline Amid Geopolitical Headwinds
Read the full callEnergy Recovery (ERII) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Energy Recovery earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 12.0 | −57.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -49.0 | −54.3 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -3.2 | −255.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$6.64 −1.04% · −$0.07
Performance −57.8% 1Y
1Y: $15.74 on 14 Oct 2025 → $6.64. High $18.11 (24 Oct 2025), low $6.64 (15 Oct 2026).
- Previous close
- $6.71
- 52-week range
- $6.64 – $18.11
- One year
- −59.36%
Overview
- Symbol
- ERII
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
Energy Recovery earnings calls (ERII)
Financials
What the filings say
Net profit, year on year: −256% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 39 | 67 | 8 | 28 | 32 | 67 | 10 | 12 |
| Operating profit | 7 | 26 | -13 | 1 | 4 | 31 | -15 | -6 |
| Operating margin | 18.3% | 38.2% | −155.8% | 5.3% | 11.4% | 46.8% | −153.1% | −49.0% |
| Other income | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 9 | 27 | -11 | 2 | 5 | 32 | -14 | -5 |
| Tax rate | 3.9% | 12.6% | 14.0% | 14.0% | 14.9% | 16.3% | 12.7% | 37.1% |
| Net profit | 8 | 23 | -10 | 2 | 4 | 27 | -12 | -3 |
| EPS ($ per share) | 0.15 | — | -0.18 | 0.04 | 0.07 | — | -0.23 | -0.06 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -14 | -4 | 23 | 37 | 61 | 83 | 106 | 129 |
| Total liabilities | 66 | 53 | 33 | 35 | 32 | 33 | 33 | 25 |
| Fixed assets | 15 | 19 | 20 | 20 | 20 | 19 | 15 | 13 |
| Investments | 73 | 59 | 20 | 31 | 33 | 40 | 48 | 27 |
| Total assets | 180 | 189 | 204 | 214 | 217 | 253 | 243 | 232 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 8 | 5 | 17 | 14 | 13 | 26 | 21 | 19 |
| Cash from investing | -10 | -7 | 47 | -21 | -7 | -19 | -16 | 34 |
| Cash from financing | -6 | 6 | 4 | -13 | -24 | 5 | -43 | -35 |
| Net cash flow | -8 | 4 | 68 | -20 | -18 | 12 | -38 | 18 |
| Capital expenditure | -5 | -7 | -7 | -7 | -4 | -3 | -1 | -1 |
| Free cash flow | 2 | -2 | 10 | 7 | 8 | 23 | 19 | 17 |
Insider filings
52 filings between Oct 16, 2025 and Jul 28, 2026.
Open market
decisions to buy or sellPurchases
$266.1K
2 purchases by 2 insiders
Sales
$3.86M
22 sales by 5 insiders
50% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 12
- Award — granted as compensation
- 6
- Option exercise — converted options into shares
- 10
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Hanstveit Arve | — | $2.95M | Apr 6, 2026 |
| Yeung William | — | $501.7K | Jul 28, 2026 |
| Clemente Rodney | — | $275.0K | Jul 28, 2026 |
| TONDREAU PAMELA L. | $166.8K | — | May 13, 2026 |
| BUEHLER ALEXANDER J | — | $129.8K | Jun 15, 2026 |
| Sabol Colin R | $99.3K | — | Jun 15, 2026 |
| Ramanan Natarajan | — | $2.9K | Mar 5, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Jul 28, 2026 | Yeung William Chief Legal Officer | Sale | 2,048 | $17.5K |
| Jul 28, 2026 | Clemente Rodney SVP, Water | Sale | 5,387 | $46.1K |
| Jul 27, 2026 | Clemente Rodney SVP, Water | Tax withheld | 2,320 | $19.5K |
| Jul 27, 2026 | Yeung William Chief Legal Officer | Tax withheld | 2,828 | $23.8K |
| Jul 9, 2026 | Mitchell John Joseph Director | Award | 16,797 | $0 |
| Jun 15, 2026 | BUEHLER ALEXANDER J Interim President and CEO | Sale | 14,900 | $129.8K |
| Jun 15, 2026 | Sabol Colin R Director | Purchase | 11,180 | $99.3K |
| Jun 15, 2026 | BUEHLER ALEXANDER J Interim President and CEO | Option exercise | 15,327 | $131.8K |
| Jun 4, 2026 | Hanstveit Arve Director | Award | 18,094 | $150.0K |
| Jun 4, 2026 | TONDREAU PAMELA L. Director | Award | 22,316 | $185.0K |
| Jun 4, 2026 | Sabol Colin R Director | Award | 18,094 | $150.0K |
| Jun 4, 2026 | Chow Joan Kai Director | Award | 18,094 | $150.0K |
| May 13, 2026 | TONDREAU PAMELA L. Director | Purchase | 20,000 | $166.8K |
| May 6, 2026 | Ryan Aidan Interim CFO | Award | 18,518 | $215.0K |
| Apr 6, 2026 | Hanstveit Arve Director | Sale | 2,419 | $24.9K |
| Apr 2, 2026 | Hanstveit Arve Director | Sale | 165,292 | $1.68M |
| Mar 10, 2026 | Hanstveit Arve Director | Sale | 25,000 | $274.0K |
| Mar 6, 2026 | Hanstveit Arve Director | Sale | 11,582 | $122.9K |
| Mar 5, 2026 | Hanstveit Arve Director | Sale | 38,418 | $411.5K |
| Mar 5, 2026 | Ramanan Natarajan Chief Technology Officer | Sale | 272 | $2.9K |
| Mar 4, 2026 | Clemente Rodney SVP, Water | Sale 10b5-1 plan | 20,568 | $218.3K |
| Mar 3, 2026 | Ramanan Natarajan Chief Technology Officer | Tax withheld | 2,724 | $27.8K |
| Feb 17, 2026 | Moon David W President and CEO | Award | 81,812 | $0 |
| Feb 17, 2026 | Hostetler Matthew Chief Human Resources Officer | Award | 25,959 | $0 |
| Feb 17, 2026 | Ramanan Natarajan Chief Technology Officer | Award | 29,106 | $0 |
| Feb 17, 2026 | Mancini Michael S. Chief Financial Officer | Award | 45,626 | $0 |
| Feb 17, 2026 | Yeung William Chief Legal Officer | Award | 25,959 | $0 |
| Feb 17, 2026 | Clemente Rodney SVP, Water | Award | 45,626 | $0 |
| Feb 6, 2026 | Yeung William Chief Legal Officer | Sale 10b5-1 plan | 646 | $9.8K |
| Feb 5, 2026 | Yeung William Chief Legal Officer | Sale 10b5-1 plan | 890 | $13.0K |
| Feb 5, 2026 | Clemente Rodney SVP, Water | Sale 10b5-1 plan | 724 | $10.6K |
| Feb 2, 2026 | Yeung William Chief Legal Officer | Sale 10b5-1 plan | 729 | $10.5K |
| Jan 30, 2026 | Moon David W President and CEO | Tax withheld | 17,160 | $245.4K |
| Jan 30, 2026 | Yeung William Chief Legal Officer | Tax withheld 10b5-1 plan | 1,003 | $14.7K |
| Jan 30, 2026 | Clemente Rodney SVP, Water | Tax withheld | 8,397 | $120.1K |
| Jan 30, 2026 | Hostetler Matthew Chief Human Resources Officer | Tax withheld | 3,359 | $48.0K |
| Jan 30, 2026 | Clemente Rodney SVP, Water | Tax withheld | 694 | $10.2K |
| Jan 30, 2026 | Yeung William Chief Legal Officer | Tax withheld 10b5-1 plan | 8,622 | $123.3K |
| Jan 30, 2026 | Mancini Michael S. Chief Financial Officer | Tax withheld | 4,798 | $68.6K |
| Jan 28, 2026 | Yeung William Chief Legal Officer | Sale 10b5-1 plan | 7,271 | $105.8K |
| Dec 5, 2025 | Hanstveit Arve Director | Sale | 15,000 | $220.6K |
| Dec 4, 2025 | Hanstveit Arve Director | Sale | 15,000 | $224.5K |
| Oct 24, 2025 | Yeung William Chief Legal Officer | Sale 10b5-1 plan | 3,530 | $63.5K |
| Oct 24, 2025 | Yeung William Chief Legal Officer | Option exercise 10b5-1 plan | 3,530 | $26.5K |
| Oct 24, 2025 | Yeung William Chief Legal Officer | Sale 10b5-1 plan | 5,638 | $101.5K |
| Oct 24, 2025 | Yeung William Chief Legal Officer | Option exercise 10b5-1 plan | 5,638 | $57.5K |
| Oct 23, 2025 | Yeung William Chief Legal Officer | Option exercise 10b5-1 plan | 3,530 | $26.5K |
| Oct 23, 2025 | Yeung William Chief Legal Officer | Sale 10b5-1 plan | 3,530 | $61.8K |
| Oct 20, 2025 | Yeung William Chief Legal Officer | Sale 10b5-1 plan | 3,530 | $60.0K |
| Oct 20, 2025 | Yeung William Chief Legal Officer | Option exercise 10b5-1 plan | 3,530 | $26.5K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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