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How Energy Recovery (ERII) makes money

Energy Recovery (ERII) made $11.2M of revenue in the third quarter 2026 (Q3 2026), -65% from a year earlier. Desalination brought in $10.7M (96%); Wastewater brought in $476K (4%).

Drawing the Sankey…

Energy Recovery revenue by segment, Q3 2026Energy Recovery revenue by segment, Q3 2026Desalination$10.7MWastewater$476K
Energy Recovery: revenue by line, Q1 2026 to Q3 2026Energy Recovery: revenue by line, Q1 2026 to Q3 2026DesalinationWastewaterEmerging TechnologiesDesalination: $10.7M latest$10.7MWastewater: $476K latestEmerging Technologies: $0 latestQ1 2026Q2 2026Q3 2026
Desalination went from 92% of revenue in Q1 2026 to 96% in Q3 2026, the largest shift in the mix.
Energy Recovery revenue by quarterEnergy Recovery revenue by quarter$8.1MQ1 2025$28.1MQ2 2025$32.0MQ3 2025$66.9MQ4 2025$9.7MQ1 2026$12.0MQ2 2026$11.2MQ3 2026

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Desalination$10.7M95.7%-7%-63%
Wastewater$476K4.3%-7%-83%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$11.2M100.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$11.2M-65%
Q2 2026$12.0M-57%
Q1 2026$9.7M+20%
Q4 2025$66.9M-0.3%
Q3 2025$32.0M-17%
Q2 2025$28.1M+3%
Q1 2025$8.1M-33%

From Energy Recovery's 10-Q filed Nov 4, 2026 (on EDGAR).

Questions

How does Energy Recovery make money?

Energy Recovery (ERII) made $11.2M of revenue in the third quarter 2026 (Q3 2026), -65% from a year earlier. Desalination brought in $10.7M (96%); Wastewater brought in $476K (4%).

What is Energy Recovery's biggest business?

Desalination: $10.7M in the third quarter 2026, 96% of revenue, -63% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.