Quick Answer
Energy Recovery, Inc. reported R&D Expense of $13.03 million for fiscal year 2025.
Energy Recovery, Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $13.03M | -19.7% |
| 2024 | $16.24M | -4.5% |
| 2023 | $17.00M | -5.1% |
| 2022 | $17.91M | -10.8% |
| 2021 | $20.07M | -14.4% |
| 2020 | $23.45M | +0.2% |
| 2019 | $23.40M | +37.6% |
| 2018 | $17.01M | +26.5% |
| 2017 | $13.44M | +32.6% |
| 2016 | $10.14M | +32.3% |
| 2015 | $7.66M | -21.0% |
| 2014 | $9.69M | +122.2% |
| 2013 | $4.36M | -8.7% |
| 2012 | $4.77M | +35.4% |
| 2011 | $3.53M | -10.6% |
| 2010 | $3.94M | +29.7% |
| 2009 | $3.04M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $3.67M | -7.6% | +6.3% |
| June 30, 2025 | $3.45M | -12.5% | +15.0% |
| March 31, 2025 | $3.00M | -31.0% | -24.4% |
| September 30, 2024 | $3.97M | +0.0% | +0.6% |
| June 30, 2024 | $3.94M | +4.7% | -9.4% |
| March 31, 2024 | $4.35M | +1.0% | +9.6% |
| September 30, 2023 | $3.97M | +3.7% | +5.3% |
| June 30, 2023 | $3.77M | -30.6% | -12.5% |
- Energy Recovery, Inc. showed a decrease of -19.7% in R&D Expense compared to the prior fiscal year.
- Over the 2009–2025 period, Energy Recovery, Inc.’s r&d expense has grown by 328.6% (from $3.04 million to $13.03 million).
- The most recent figure is from Energy Recovery, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 25, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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