Energy Recovery Q2 revenue falls 57% to $12.0 million; net loss of $3.2 million
Energy Recovery reported second-quarter 2026 revenue of $12.0 million, down 57% from $28.1 million a year earlier, and swung to a net loss of $3.2 million from net income of $2.1 million. The company attributed the lower operating result primarily to lower revenue due to the war in Iran. The company's 2026 outlook is in a shareholder letter referenced in the release, not in the filing text.
Key points
- Q2 2026 revenue of $12.0 million vs. $28.1 million in Q2 2025; Megaproject revenue fell to $2.7 million from $14.8 million.
- Net loss of $3.2 million, or $0.06 per diluted share, vs. net income of $2.1 million, or $0.04 per diluted share, in Q2 2025.
- Loss from operations of $5.9 million vs. income of $1.5 million a year earlier; restructuring charges were $0.9 million in the quarter.
- Cash and investments of $98.1 million at June 30, 2026, up from $83.3 million at December 31, 2025.
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.