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Energy Recovery (ERII) gross margin by quarter

Energy Recovery's gross margin was 67.2% in Q4 2025 (fourth quarter 2025), +3.0 pts from Q3 2025. Over the last 3 quarters it ranged from 64.0% (Q2 2025) to 67.2% (Q4 2025).

Energy Recovery gross margin by quarterEnergy Recovery gross margin by quarter64.0%Q2 202564.2%Q3 202567.2%Q4 2025
QuarterGross marginQ/QY/Y
Q4 202567.2%+3.0 pts—
Q3 202564.2%+0.2 pts—
Q2 202564.0%——

Q4 2025 at a glance

Energy Recovery, Q4 2025: revenue $66.9M (-0.3% year over year), operating margin 46.8%, net earnings $26.9M, operating cash flow $7.1M. The chart follows the revenue to costs, profit and cash.

Questions

What is Energy Recovery's gross margin?

Energy Recovery's gross margin was 67.2% in Q4 2025 (fourth quarter 2025), +3.0 pts from Q3 2025.

How has Energy Recovery's gross margin changed?

Over the last 3 quarters it ranged from 64.0% (Q2 2025) to 67.2% (Q4 2025).

Q4 2025 results → · How Energy Recovery makes money →