Quarterly ResultAug 5, 2026, 04:15 PM
Energy Recovery Q2 Revenue $12.0M, Net Loss $3.2M
AI Summary
Energy Recovery, Inc. announced its second quarter 2026 financial results, reporting a significant decline in revenue to $12.0 million, a 57% decrease year-over-year. The company posted a net loss of $3.2 million and a diluted loss per share of $0.06. This downturn was primarily attributed to lower revenue and a loss from operations of $5.9 million, largely due to the war in Iran, despite an improvement in gross margin to 74.7% and a 10% reduction in operating expenses.
Key Highlights
- Q2 2026 revenue was $12.0 million, a 57% decrease from Q2 2025.
- The company reported a net loss of $3.2 million for Q2 2026, compared to $2.1 million net income in Q2 2025.
- Diluted earnings per share for Q2 2026 was a loss of $0.06, down from $0.04 income in Q2 2025.
- Gross margin improved to 74.7% in Q2 2026, up from 64.0% in Q2 2025.
- Operating expenses decreased by 10% to $14.8 million in Q2 2026.
- Loss from operations was $5.9 million, primarily due to lower revenue from the war in Iran.
- Cash and investments totaled $98.1 million as of June 30, 2026.
- Free cash flow for Q2 2026 was $15.4 million.
Price Impact
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