Energy Recovery (ERII) Research & Development (2010 - 2026)
Energy Recovery's Research & Development came in at $2.85 million for Q2 2026, down 17.4% from $3.45 million a year earlier but up 2.2% from the prior quarter.
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Analysis
Energy Recovery (ERII) Research & Development (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Energy Recovery reported Research & Development of $12.22 million, down 15.1% year-over-year; for FY2025, it was $13.03 million, down 19.7% from FY2024.
- Research & Development has declined in each of the last five years, with a five-year compound annual growth rate of -11.1% (FY2020 to FY2025).
- Going back by year, Research & Development was $16.24 million in FY2024 (-4.5%), $17 million in FY2023 (-5.1%), $17.91 million in FY2022 (-10.8%) and $20.07 million in FY2021 (-14.4%).
- The five-year range for quarterly Research & Development is $2.79 million (Q1 2026) to $6.73 million (Q4 2021).
- Year-over-year, Research & Development has declined for seven consecutive quarters, with an average decline of 15.3% over the last eight quarters.
- The fastest year-over-year change in Research & Development over five years came in Q4 2023 (growth of 32.6%), and the weakest in Q4 2022 (a decline of 44.4%).
- Business Quant data shows ERII's Research & Development at $2.79 million (Q1 2026), $2.91 million (Q4 2025) and $3.67 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 78.59 Bn | 70.36 Bn | 1.95 Bn | - |
| 2 | Xylem | 23.57 Bn | 19.05 Bn | 963.00 Mn | 59.00 Mn |
| 3 | Veralto | 23.49 Bn | 16.14 Bn | 902.00 Mn | 73.00 Mn |
| 4 | Badger Meter | 3.66 Bn | 2.93 Bn | 90.77 Mn | - |
| 5 | Ceco Environmental | 3.13 Bn | 2.96 Bn | 86.47 Mn | - |
| 6 | NWPX Infrastructure | 993.98 Mn | 955.45 Mn | 34.36 Mn | - |
| 7 | Energy Recovery | 343.89 Mn | 19.06 Mn | 8.96 Mn | 2.85 Mn |
| 8 | Cadiz | 301.30 Mn | 269.74 Mn | -24,000.00 | - |
| 9 | AirJoule Technologies | 296.32 Mn | 175.95 Mn | - | 172,807.00 |
| 10 | LanzaTech Global | 77.75 Mn | -37.39 Mn | 1.91 Mn | 1.96 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.85 Mn |
| Mar 31, 2026 | 2.79 Mn |
| Dec 31, 2025 | 2.91 Mn |
| Sep 30, 2025 | 3.67 Mn |
| Jun 30, 2025 | 3.45 Mn |
| Mar 31, 2025 | 3.00 Mn |
| Dec 31, 2024 | 3.97 Mn |
| Sep 30, 2024 | 3.97 Mn |
| Jun 30, 2024 | 3.94 Mn |
| Mar 31, 2024 | 4.35 Mn |
| Dec 31, 2023 | 4.96 Mn |
| Sep 30, 2023 | 3.97 Mn |
| Jun 30, 2023 | 3.77 Mn |
| Mar 31, 2023 | 4.31 Mn |
| Dec 31, 2022 | 3.74 Mn |
| Sep 30, 2022 | 3.83 Mn |
| Jun 30, 2022 | 5.43 Mn |
| Mar 31, 2022 | 4.91 Mn |
| Dec 31, 2021 | 6.73 Mn |
| Sep 30, 2021 | 4.42 Mn |
API Access
Energy Recovery Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=ERII&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "ERII", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=ERII&period=max&api_key=YOUR_API_KEY");
const data = await res.json();