Energy Recovery (ERII) Research & Development (2010 - 2026)

Energy Recovery (ERII) reported Research & Development of $2.8 million for Q1 2026, down 7.06% year-over-year from $3.0 million in Q1 2025, and down 4.29% quarter-over-quarter from $2.9 million in Q4 2025.

Energy Recovery (ERII) Research & Development (2010 - 2026) Analysis & Trends

Energy Recovery (ERII) has 17 years of Research & Development data on file, last reported at $2.8 million in Q1 2026.

  • Research & Development for Q1 2026 came in at $2.8 million, down 7.06% year-over-year; the trailing twelve-month figure through Mar 2026 was $12.8 million (down 13.87% YoY), and the FY2025 annual result was $13.0 million, down 19.72% from the prior year.
  • Research & Development retreated to $2.8 million in Q1 2026 per ERII's latest filing, from $2.9 million in the prior quarter.
  • Over five years, Research & Development peaked at $5.4 million in Q2 2022 and troughed at $2.8 million in Q1 2026.
  • A 5-year average of $3.9 million and a median of $3.9 million in 2024 frame the typical range for Research & Development.
  • The sharpest annual moves came in 2022 and 2023: Research & Development plunged 44.42% in 2022, then soared 32.6% in 2023.
  • A 5-year view of Research & Development shows it stood at $3.7 million in 2022, then jumped by 32.6% to $5.0 million in 2023, then decreased by 19.89% to $4.0 million in 2024, then fell by 26.64% to $2.9 million in 2025, then slipped by 4.29% to $2.8 million in 2026.
  • Business Quant data shows ERII's Research & Development at $2.8 million in Q1 2026, $2.9 million in Q4 2025, and $3.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Aduro Clean Technologies 808.91 Bn 808.88 Bn - 1.22 Mn
2 Veralto 20.65 Bn 19.22 Bn 854.00 Mn 68.00 Mn
3 Zurn Elkay Water Solutions 8.12 Bn 7.85 Bn 205.80 Mn -
4 Federal Signal 6.65 Bn 6.58 Bn 179.40 Mn -
5 Ceco Environmental 3.45 Bn 3.41 Bn 63.92 Mn -
6 PureCycle Technologies 1.61 Bn 1.51 Bn - 1.56 Mn
7 Energy Recovery 438.13 Mn 351.98 Mn 2.70 Mn 2.79 Mn
8 CleanCore Solutions 174.97 Mn 157.92 Mn -419,259.00 -
9 Arq 111.22 Mn 106.54 Mn 9.94 Mn 982,000.00
10 374Water 40.12 Mn 40.12 Mn -2.43 Mn 703,818.00

Historic Data

Download Data
DateValue
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
Jun 30, 2021 4.42 Mn