Middle East was Energy Recovery’s largest region in fiscal 2025, bringing in $68.08M of $134.70M (51%).
| Geography | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Middle East | — | $49.50M | $59.54M | $68.08M | |||||||||||
| Middle East & Africa | $86.23M | — | — | — | |||||||||||
| International | — | — | — | — | |||||||||||
| Other | — | $51.29M | $54.04M | $51.61M | |||||||||||
| Africa | — | $26.94M | $30.73M | $15.01M | |||||||||||
| Asia | $24.78M | — | — | — | |||||||||||
| Americas | $8.54M | — | — | — | |||||||||||
| Europe | $5.88M | — | — | — | |||||||||||
| Domestic | — | — | — | — | |||||||||||
| United States | — | — | — | — | |||||||||||
| Total | $125.43M | $127.73M | $144.31M | $134.70M |
Energy Recovery brought in $134.70M from its three regions in fiscal 2025, the year ended December 31, 2025. That was down 6.7% from $144.31M in fiscal 2024. Middle East was the largest at $68.08M (50.5%), ahead of Other at $51.61M (38.3%) and Africa at $15.01M (11.1%).
Compared with fiscal 2024, Middle East grew fastest, up 14.4% to $68.08M, while Africa fell the most, down 51.2% to $15.01M.
Energy Recovery began breaking out Middle East in fiscal 2023, Other in fiscal 2023 and Africa in fiscal 2023. Energy Recovery stopped reporting Middle East & Africa ($86.23M in fiscal 2022), Asia ($24.78M in fiscal 2022), Americas ($8.54M in fiscal 2022) and one other as separate regions.
Megaproject was Energy Recovery’s largest revenue line in fiscal 2025, bringing in $82.89M of $134.70M (62%).
| Contract with Customer, Sales Channel | FY 2018 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Megaproject | $81.76M | $83.67M | $95.40M | $82.89M | ||
| Original Equipment Manufacturer | $28.86M | $25.55M | $31.34M | $31.75M | ||
| Aftermarket | $14.82M | $18.51M | $17.57M | $20.07M | ||
| Total | $125.43M | $127.73M | $144.31M | $134.70M |
Energy Recovery brought in $134.70M from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That was down 6.7% from $144.31M in fiscal 2024. Megaproject was the largest at $82.89M (61.5%), ahead of Original Equipment Manufacturer at $31.75M (23.6%) and Aftermarket at $20.07M (14.9%).
Compared with fiscal 2024, Aftermarket grew fastest, up 14.2% to $20.07M, while Megaproject fell the most, down 13.1% to $82.89M. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $125.43M to $134.70M, a compound annual growth rate of 2.4%. Megaproject's share of the total fell from 65.2% to 61.5%.
Water was Energy Recovery’s largest segment in fiscal 2025, bringing in $99.83M of $100.31M (100%).
| Statement Business Segments | FY 2013 | FY 2014 | FY 2016 | FY 2017 | FY 2019 | FY 2020 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Water | $81.76M | $51.29M | $126.13M | $99.83M | ||||||||
| Oil Gas | — | — | — | — | ||||||||
| Oil & Gas | — | — | — | — | ||||||||
| Emerging Technologies | $163.00K | $1.07M | $1.09M | $477.00K | ||||||||
| Total | $81.92M | $52.36M | $127.22M | $100.31M |
Energy Recovery brought in $100.31M from its two segments in fiscal 2025, the year ended December 31, 2025. That is less than the $134.70M it reports by geography, so these segments do not cover all of its revenue. Water was the largest at $99.83M (99.5%), ahead of Emerging Technologies at $477.00K (0.5%).
Energy Recovery (ERII) reports its revenue by geography, by contract with customer, sales channel and by statement business segments. In fiscal 2025, Middle East was its largest region, bringing in $68.08M (50.5% of the total), followed by Other at $51.61M (38.3%).
Middle East was Energy Recovery's largest region in fiscal 2025, bringing in $68.08M, or 50.5% of the $134.70M total across its three regions.
Megaproject was Energy Recovery's largest revenue line in fiscal 2025, bringing in $82.89M, or 61.5% of the $134.70M total across its three revenue lines.
Water was Energy Recovery's largest segment in fiscal 2025, bringing in $99.83M, or 99.5% of the $100.31M total across its two segments.
Among Energy Recovery's regions that make up at least 2% of revenue, Middle East grew fastest in fiscal 2025, up 14.4% from $59.54M to $68.08M.
Every figure comes from Energy Recovery's annual financial filings, as reported. Each line keeps the name Energy Recovery gives it, and years follow its fiscal calendar.
Energy Recovery's revenue by geography goes back to fiscal 2010, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.