ERII · XBRL financial data

Energy Recovery financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (ERII's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	118,986	103,904	125,591	128,349	144,948	134,987
Cost of revenue	—	32,670	38,235	41,270	48,015	47,056
Gross profit	—	71,234	87,356	87,079	96,933	87,931
Research and development	23,449	20,069	17,909	17,001	16,236	13,034
General and administrative	25,519	25,162	28,341	28,864	33,074	29,769
Total operating expenses	59,443	57,403	62,527	68,029	77,209	64,042
Operating income (loss)	31,294	13,831	24,829	19,050	19,724	23,889
Interest expense	0	—	—	—	—	—
Other income (expense)	(74)	(31)	334	(101)	(207)	92
Income tax expense (benefit)	5,746	(265)	2,022	1,201	2,685	4,633
Net income (loss)	26,387	14,269	24,049	21,504	23,050	22,962
Earnings per share, basic USD per share	0.47	0.25	0.43	0.38	0.40	0.43
Earnings per share, diluted USD per share	0.47	0.24	0.42	0.37	0.40	0.42
Weighted average shares, basic thousands of shares	55,709	56,993	56,221	56,444	57,213	53,802
Weighted average shares, diluted thousands of shares	56,637	58,723	57,641	57,740	57,822	54,158

Fiscal years (ERII's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	94,255	74,358	56,354	68,098	29,627	48,076
Short-term investments	20,446	31,332	33,479	40,445	48,392	27,173
Accounts receivable	11,792	20,615	34,062	46,937	64,066	76,639
Inventory	11,748	20,383	28,366	26,149	24,906	24,260
Prepaid and other current assets	4,950	5,075	5,606	3,843	6,665	5,063
Total current assets	143,191	151,763	157,867	185,472	173,656	181,211
Property and equipment, net	20,176	20,361	19,580	18,699	15,424	12,934
Right-of-use asset	16,090	14,653	13,115	11,469	9,695	7,701
Goodwill	12,790	12,790	12,790	12,790	12,790	12,790
Total assets	204,314	213,690	217,039	252,974	242,792	231,514
Accounts payable	1,118	909	814	3,000	3,109	2,114
Total current liabilities	15,729	19,785	18,302	21,471	23,428	17,354
Lease liability, non-current	16,443	14,879	13,278	11,488	9,297	6,898
Total liabilities	32,690	34,911	31,701	33,166	32,782	25,322
Retained earnings	22,834	37,103	61,152	82,656	105,706	128,668
Total stockholders' equity	171,624	178,779	185,338	219,808	210,010	206,192
Total liabilities and equity	204,314	213,690	217,039	252,974	242,792	231,514
Common shares outstanding (cover page) thousands of shares	57,100	56,810	56,279	57,079	54,955	52,829

Fiscal years (ERII's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	26,387	14,269	24,049	21,504	23,050	22,962
Stock-based compensation	4,787	6,053	6,508	8,038	10,322	7,719
Depreciation and amortization	5,299	5,939	4,764	4,102	4,046	3,760
Net cash from operating activities	16,870	13,526	12,631	26,054	20,522	18,770
Purchases of property and equipment	6,785	6,679	4,232	2,567	1,298	1,330
Net cash from investing activities	46,600	(20,563)	(6,946)	(19,114)	(15,654)	33,985
Proceeds from issuing common stock	4,397	10,554	2,986	4,794	7,100	1,796
Share repurchases	0	23,346	26,654	0	50,384	35,623
Repayments of long-term debt	0	—	—	—	—	—
Net cash from financing activities	4,374	(12,792)	(23,668)	4,794	(43,284)	(34,534)
Net change in cash	67,870	(19,897)	(18,003)	11,767	(38,468)	18,319

SIC 3559 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3559 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
Energy Recovery	61,438	11,996	16,306*	51.0M	—	Q2 FY26 10-QJun 30, 2026
Azenta	189,654	161,178	1,445*	43.8M	—	Q3 FY26 10-QJun 30, 2026
Cricut	266,911	156,285	50,351*	209.4M	—	Q2 FY26 10-QJun 30, 2026
Veeco Instruments	214,458	not reported	51,434*	61.1M	—	Q2 FY26 10-QJun 30, 2026
ACM Research	969,229	292,919	(6,358)*	not reported	169.0 quarters	Q2 FY26 10-QJun 30, 2026
Axcelis Technologies	154,996	215,175	18,373*	30.9M	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.