Energy Recovery — Third Quarter 2026 Earnings Summary

Energy Recovery, Inc. reported a third-quarter 2026 revenue of $11.2 million, representing a 65% decline from the same period in 2025, driven primarily by lower volume and product mix associated with the war in Iran. The company recorded a net loss of $6.3 million for the quarter, with operating expenses decreasing by 17.2% to $14.0 million due to reduced compensation and consulting costs. Gross margin contracted to 37.5% from 64.2% in the prior year period, while the company maintained a cash and investment balance of $85.6 million as of September 30, 2026.