Energy Recovery, Inc. — Form 8-K
Filed August 5, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 52/100
What the filing says
Energy Recovery reported Q2 2026 revenue of $12.0M (down $16.1M or 57% from Q2 2025's $28.1M), primarily due to weakness in the megaproject channel (down 82%) and what management attributed to 'the war in Iran.' Operating income swung from +$1.5M profit to -$5.9M loss. Net loss was $3.2M (vs. $2.1M profit in Q2 2025). Cash and investments stood at $98.1M; gross margin improved to 74.7% but could not offset the revenue cliff. YTD 2026: revenue down 40% to $21.7M; net loss $15.4M; goodwill impairment $1.7M recorded.
Why this rating
57% revenue collapse is severe and relative to ~$595M market cap represents material deterioration; however, $98M cash cushion and positive FCF limit existential risk near-term
See more from August 5, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.