Energy Recovery (ERII) Shares Outstanding (Diluted) (2010 - 2026)
Energy Recovery (ERII) reported Shares Outstanding (Diluted) of 51.46 million for Q2 2026, down 5.5% from 54.49 million a year earlier and down 2.3% from the prior quarter.
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Analysis
Energy Recovery (ERII) Shares Outstanding (Diluted) (2010 - 2026) Analysis & Trends
For FY2025, Energy Recovery posted Shares Outstanding (Diluted) of 54.16 million, down 6.3% from FY2024.
- Shares Outstanding (Diluted) has a five-year compound annual growth rate of -0.9% (FY2020 to FY2025).
- By year, Shares Outstanding (Diluted) came in at 57.82 million in FY2024 (+0.1%), 57.74 million in FY2023 (+0.2%), 57.64 million in FY2022 (-1.8%) and 58.72 million in FY2021 (+3.7%).
- The Q2 2026 figure ranks as the lowest quarterly Shares Outstanding (Diluted) since Q3 2014.
- Year over year, Shares Outstanding (Diluted) has now declined in each of the last six quarters, with an average decline of 4.1% over the last eight quarters.
- The high point for year-over-year Shares Outstanding (Diluted) in five years was Q3 2021 (growth of 4.0%); the low point was Q3 2025 (a decline of 8.3%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 52.66 million (Q1 2026), 54.16 million (Q4 2025) and 53.47 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 76.01 Bn | 67.78 Bn | 1.95 Bn | 282.20 Mn |
| 2 | Xylem | 23.56 Bn | 19.05 Bn | 963.00 Mn | 236.60 Mn |
| 3 | Veralto | 23.10 Bn | 15.75 Bn | 902.00 Mn | 245.80 Mn |
| 4 | Badger Meter | 3.72 Bn | 2.99 Bn | 90.77 Mn | 29.14 Mn |
| 5 | Ceco Environmental | 3.11 Bn | 2.95 Bn | 86.47 Mn | 43.31 Mn |
| 6 | NWPX Infrastructure | 1.01 Bn | 971.46 Mn | 34.36 Mn | 9.79 Mn |
| 7 | Energy Recovery | 342.87 Mn | 18.03 Mn | 8.96 Mn | 51.46 Mn |
| 8 | Cadiz | 311.40 Mn | 279.84 Mn | -24,000.00 | 34,188.00 |
| 9 | AirJoule Technologies | 290.46 Mn | 170.08 Mn | - | 69.74 Mn |
| 10 | LanzaTech Global | 72.38 Mn | -42.75 Mn | 1.91 Mn | 11.66 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 51.46 Mn |
| Mar 31, 2026 | 52.66 Mn |
| Dec 31, 2025 | 54.16 Mn |
| Sep 30, 2025 | 53.47 Mn |
| Jun 30, 2025 | 54.49 Mn |
| Mar 31, 2025 | 54.90 Mn |
| Dec 31, 2024 | 57.82 Mn |
| Sep 30, 2024 | 58.29 Mn |
| Jun 30, 2024 | 57.37 Mn |
| Mar 31, 2024 | 57.10 Mn |
| Dec 31, 2023 | 57.74 Mn |
| Sep 30, 2023 | 57.97 Mn |
| Jun 30, 2023 | 56.36 Mn |
| Mar 31, 2023 | 56.23 Mn |
| Dec 31, 2022 | 57.64 Mn |
| Sep 30, 2022 | 57.37 Mn |
| Jun 30, 2022 | 56.22 Mn |
| Mar 31, 2022 | 58.18 Mn |
| Dec 31, 2021 | 58.72 Mn |
| Sep 30, 2021 | 58.71 Mn |
API Access
Energy Recovery Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=ERII&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=ERII&period=max&api_key=YOUR_API_KEY");
const data = await res.json();