Energy Recovery (ERII) Operating Expenses (2010 - 2026)
Energy Recovery (ERII) reported Operating Expenses of $17.6 million for Q1 2026, up 3.18% year-over-year from $17.0 million in Q1 2025, and up 28.69% on a QoQ basis from $13.6 million in Q4 2025.
Energy Recovery (ERII) has 17 years of Operating Expenses data on file, last reported at $17.6 million in Q1 2026.
- Quarterly Operating Expenses rose 3.18% year-over-year to $17.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $64.6 million (down 15.2% YoY) and the FY2025 annual result came in at $64.0 million, down 17.05% from the prior year.
- Operating Expenses climbed to $17.6 million in Q1 2026 per ERII's latest filing, from $13.6 million in the prior quarter.
- Across five years, Operating Expenses topped out at $21.5 million in Q4 2024 and bottomed at $13.6 million in Q4 2025.
- The 5-year median for Operating Expenses is $16.7 million (2023), against an average of $17.0 million.
- The widest annual swing landed in 2022, when Operating Expenses increased 23.88%; it then tumbled 36.54% in 2025.
- Tracing ERII's Operating Expenses over 5 years: stood at $15.3 million in 2022, then climbed by 23.54% to $18.9 million in 2023, then advanced by 13.87% to $21.5 million in 2024, then tumbled by 36.54% to $13.6 million in 2025, then advanced by 28.69% to $17.6 million in 2026.
- Per Business Quant, the three latest ERII Operating Expenses figures stand at $17.6 million (Q1 2026), $13.6 million (Q4 2025), and $16.9 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veralto | 20.72 Bn | 19.29 Bn | 854.00 Mn | 516.00 Mn |
| 2 | Zurn Elkay Water Solutions | 7.83 Bn | 7.56 Bn | 205.80 Mn | 109.10 Mn |
| 3 | Federal Signal | 6.47 Bn | 6.40 Bn | 179.40 Mn | 72.00 Mn |
| 4 | Ceco Environmental | 2.82 Bn | 2.78 Bn | 63.92 Mn | 56.37 Mn |
| 5 | PureCycle Technologies | 2.21 Bn | 2.11 Bn | - | 31.39 Mn |
| 6 | Euro Tech Holdings | 1.36 Bn | 1.34 Bn | - | - |
| 7 | Energy Recovery | 421.81 Mn | 335.66 Mn | 2.70 Mn | 17.56 Mn |
| 8 | CleanCore Solutions | 173.22 Mn | 156.17 Mn | -419,259.00 | 18.56 Mn |
| 9 | Arq | 116.43 Mn | 111.76 Mn | 9.94 Mn | 10.92 Mn |
| 10 | 374Water | 42.95 Mn | 42.95 Mn | -2.43 Mn | 5.94 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 17.56 Mn |
| Dec 31, 2025 | 13.65 Mn |
| Sep 30, 2025 | 16.90 Mn |
| Jun 30, 2025 | 16.48 Mn |
| Mar 31, 2025 | 17.02 Mn |
| Dec 31, 2024 | 21.51 Mn |
| Sep 30, 2024 | 18.06 Mn |
| Jun 30, 2024 | 19.58 Mn |
| Mar 31, 2024 | 18.07 Mn |
| Dec 31, 2023 | 18.89 Mn |
| Sep 30, 2023 | 16.75 Mn |
| Jun 30, 2023 | 16.13 Mn |
| Mar 31, 2023 | 16.27 Mn |
| Dec 31, 2022 | 15.29 Mn |
| Sep 30, 2022 | 16.14 Mn |
| Jun 30, 2022 | 16.28 Mn |
| Mar 31, 2022 | 14.83 Mn |
| Dec 31, 2021 | 17.18 Mn |
| Sep 30, 2021 | 13.27 Mn |
| Jun 30, 2021 | 13.14 Mn |
| Mar 31, 2021 | 13.82 Mn |
| Dec 31, 2020 | 14.41 Mn |
| Sep 30, 2020 | 13.51 Mn |
| Jun 30, 2020 | 15.78 Mn |
| Mar 31, 2020 | 15.73 Mn |
| Dec 31, 2019 | 15.92 Mn |
| Sep 30, 2019 | 14.85 Mn |
| Jun 30, 2019 | 13.32 Mn |
| Mar 31, 2019 | 12.15 Mn |
| Dec 31, 2018 | 12.73 Mn |
| Sep 30, 2018 | 11.57 Mn |
| Jun 30, 2018 | 10.55 Mn |
| Mar 31, 2018 | 11.82 Mn |
| Dec 31, 2017 | 12.67 Mn |
| Sep 30, 2017 | 9.29 Mn |
| Jun 30, 2017 | 9.34 Mn |
| Mar 31, 2017 | 9.53 Mn |
| Dec 31, 2016 | 9.27 Mn |
| Sep 30, 2016 | 8.96 Mn |
| Jun 30, 2016 | 8.51 Mn |
| Mar 31, 2016 | 9.78 Mn |
| Dec 31, 2015 | 9.65 Mn |
| Sep 30, 2015 | 7.42 Mn |
| Jun 30, 2015 | 8.92 Mn |
| Mar 31, 2015 | 11.40 Mn |
| Dec 31, 2014 | 13.80 Mn |
| Sep 30, 2014 | 7.78 Mn |
| Jun 30, 2014 | 7.64 Mn |
| Mar 31, 2014 | 5.98 Mn |
| Dec 31, 2013 | 7.76 Mn |
| Sep 30, 2013 | 6.76 Mn |
| Jun 30, 2013 | 6.60 Mn |
| Mar 31, 2013 | 7.49 Mn |
| Dec 31, 2012 | 8.74 Mn |
| Sep 30, 2012 | 7.61 Mn |
| Jun 30, 2012 | 6.58 Mn |
| Mar 31, 2012 | 5.94 Mn |
| Dec 31, 2011 | 10.64 Mn |
| Sep 30, 2011 | 7.40 Mn |
| Jun 30, 2011 | 7.55 Mn |
| Mar 31, 2011 | 7.50 Mn |
| Dec 31, 2010 | 5.42 Mn |
| Sep 30, 2010 | 7.13 Mn |
| Jun 30, 2010 | 7.34 Mn |