Filing Flows › Energy Recovery (ERII) › Q3 2026 › vs Q3 2025
Energy Recovery (ERII) Q3 2026 vs Q3 2025 (year over year)
Energy Recovery's revenue fell $20.8M (-65%) from $32.0M in Q3 2025 to $11.2M in Q3 2026. The biggest changes: Desalination −$18.4M (-63%); Wastewater −$2.3M (-83%).
Energy Recovery, Q3 2026: revenue $11.2M (-65% year over year), operating margin -87.5%, net loss $6.3M, operating cash flow −$9.2M. The chart draws each line against Q3 2025, the increases inside each band.
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Desalination | $10.7M | $29.1M | −$18.4M | -63% |
| Wastewater | $476K | $2.8M | −$2.3M | -83% |
| Revenue | $11.2M | $32.0M | −$20.8M | -65% |
| Other income, net | $596K | $892K | −$296K | -33% |
| Income tax benefit | $2.9M | −$680K | $3.5M | — |
| Net loss | $6.3M | −$3.9M | $10.2M | — |
| Costs & expenses | $21.0M | $32.9M | −$11.9M | -36% |
| Operating costs | $21.0M | $28.3M | −$7.3M | -26% |
| Cost of revenue | $7.0M | $11.4M | −$4.4M | -39% |
| Research & development | $3.1M | $3.7M | −$553K | -15% |
| Sales & marketing | $4.2M | $5.7M | −$1.5M | -27% |
| General & admin | $6.7M | $7.5M | −$802K | -11% |
| Operating cash sources | $11.3M | $6.3M | $5.1M | +81% |
| Depreciation & amortization | $1.0M | $913K | $116K | +13% |
| Share-based compensation | $1.0M | $2.2M | −$1.2M | -53% |
| Cash used in operations | $9.2M | $3.1M | $6.1M | +195% |
| Net loss absorbed | $6.3M | −$3.9M | $10.2M | — |
| Working capital & other | $5.0M | $10.1M | −$5.1M | -51% |
Questions
How much did Energy Recovery's revenue grow year over year in Q3 2026?
Energy Recovery's revenue fell $20.8M (-65%) from $32.0M in Q3 2025 to $11.2M in Q3 2026.
What drove Energy Recovery's revenue change in Q3 2026?
Desalination −$18.4M (-63%); Wastewater −$2.3M (-83%).