| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 32.00 | 14.1% | 17.1% |
| Total Income | 32.00 | 14.1% | 17.1% |
| Expenditure | 28.34 | 6.6% | 10.1% |
| PBT | 4.55 | 90.4% | 48.5% |
| Net Profit | 3.87 | 88.8% | 54.4% |
| OPM | 11.44% | 6.19pp | 6.85pp |
| NPM | 12.11% | 4.78pp | 9.88pp |
| EPS | 0.07 | 75.0% | 53.3% |
Energy Recovery Reports Q3 2025 Financial Results
04 May 2026 · 4 May, 8:03 am
Summary
Energy Recovery announced its Q3 2025 financial results, with revenue of $32.0 million, a decrease of $6.6 million compared to Q3 2024. The decrease was attributed to the timing of revenue from contracted projects. Gross margin was 64.2%, down 90 bps year-over-year, due to product mix and tariffs. Net income for the quarter was $3.9 million. The company's cash and investments totaled $79.9 million.
Key Highlights
- 1
Energy Recovery's Q3 2025 financial results were in line with internal expectations.
- 2
Revenue was $32.0 million, a decrease of $6.6 million compared to Q3 2024, due to the timing of revenue from contracted projects.
- 3
Gross margin was 64.2%, a decrease of 90 bps compared to Q3 2024, primarily due to product mix and tariffs.
- 4
Operating expenses decreased by 6.4% to $16.9 million compared to Q3 2024, driven by lower employee costs and Emerging Technologies segment development costs.
- 5
Income from operations decreased by 48.1% to $3.7 million compared to Q3 2024, mainly due to lower revenue.
- 6
Net income was $3.9 million, and adjusted EBITDA was $6.8 million.
- 7
Cash and investments totaled $79.9 million, including cash, cash equivalents, and short- and long-term investments.
Informational and educational content only. Not investment advice.