| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 9.71 | 20.3% |
| Total Income | 9.71 | 20.3% |
| Expenditure | 24.57 | 19.1% |
| PBT | -14.03 | 22.2% |
| Net Profit | -12.25 | 24.0% |
| OPM | — | |
| NPM | — | |
| EPS | -0.23 | 27.8% |
Energy Recovery Reports Q1 2026 Revenue of $9.7 million, Up 20% YoY
07 May 2026 · 7 May, 1:43 am
Summary
Energy Recovery, Inc. announced its financial results for the first quarter ended March 31, 2026. The company reported revenue of $9.7 million, a 20% increase compared to Q1 2025. Gross margin decreased to 27.8% due to restructuring charges related to the wind down of the CO2 retail grocery business. The company's net loss was $12.3 million, and adjusted EBITDA loss was $7.1 million. The Board has authorized a new share repurchase plan to purchase up to $25.0 million of common stock.
Key Highlights
- 1
Energy Recovery reported revenue of $9.7 million, an increase of $1.6 million compared to Q1 2025.
- 2
The company's gross margin was 27.8%, a decrease of 2,750 bps compared to Q1 2025, primarily due to restructuring charges.
- 3
Operating expenses totaled $17.6 million, a 3.2% increase compared to Q1 2025, due to impairment of goodwill and restructuring charges.
- 4
The net loss was $12.3 million, and the adjusted EBITDA loss was $7.1 million for the quarter.
- 5
Cash and investments amounted to $92.1 million, including cash, cash equivalents, and short- and long-term investments.
- 6
The Board authorized a new share repurchase plan to purchase up to $25.0 million of common stock over the next 12 months.
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