ERII Energy Recovery, Inc. - Common Stock
NASDAQ · Machinery · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 5, 2026
$6.77
· of 52w range
· above low
· to high
$6.6052w low
$18.3252w high
Market Cap (MRQ)
$346M
P/E (TTM)
25.1
EPS (TTM)
$0.27
Revenue (TTM)
$121M
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52W Range
$7–$18
Analyst Rating
BUY
Price Target
$8
P/E
25.1
ROE
8.6%
Net Profit Margin
12.7%
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ERII Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$6.77
Market Cap (MRQ)
$346M
P/E (TTM)
25.1
EPS (TTM)
$0.27
Revenue (TTM)
$121M
ROE (TTM)
8.6%
52W Range
$7–$18
ERII Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue$135M2016-12-31 → 2025-12-31
EPS$0.422016-12-31 → 2025-12-31
Free Cash Flow$17M2016-12-31 → 2025-12-31
Net margin12.7%2016-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | ERII | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 25.15Y avg ≈51.6 | ≈51.6 | 38.7 | Undervalued | |
| P/S (TTM) | 2.95Y avg ≈8.0 | ≈8.0 | 1.6 | Overvalued | |
| P/B (MRQ) | 2.05Y avg ≈5.0 | ≈5.0 | 2.9 | Fair value | |
| Price / FCF (TTM) | 9.05Y avg ≈88.7 | ≈88.7 | · | · | |
| Price / Cash Flow (TTM) | 8.45Y avg ≈59.9 | ≈59.9 | 11.0 | Overvalued | |
| Price / Tangible Book | 1.85Y avg ≈5.4 | ≈5.4 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | ERII | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 64.0%5Y avg ≈66.6% | ≈66.6% | 25.6% | Top tier | |
| Operating Margin (TTM) | 11.8%5Y avg ≈15.8% | ≈15.8% | 0.51% | Weak | |
| EBITDA Margin (TTM) | 15.0%5Y avg ≈19.5% | ≈19.5% | 3.3% | Weak | |
| Pretax Margin (TTM) | 14.6%5Y avg ≈18.0% | ≈18.0% | -2.7% | Weak | |
| Net Profit Margin (TTM) | 12.7%5Y avg ≈16.5% | ≈16.5% | -1.5% | Weak | |
| ROA (TTM) | 7.5%5Y avg ≈9.2% | ≈9.2% | 0.22% | Top tier | |
| ROE (TTM) | 8.6%5Y avg ≈10.7% | ≈10.7% | -0.01% | Top tier | |
| ROIC | 9.6%5Y avg ≈9.3% | ≈9.3% | 2.2% | Top tier |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | ERII | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 8.15Y avg ≈8.6 | ≈8.6 | 2.2 | Strong liquidity | |
| Quick Ratio (MRQ) | 5.85Y avg ≈7.0 | ≈7.0 | 0.9 | Strong liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | ERII | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | -6.9%5Y avg ≈3.3% | ≈3.3% | · | · | |
| Revenue CAGR 3Y | 2.4%5Y avg ≈5.6% | ≈5.6% | · | · | |
| Revenue CAGR 5Y | 2.6% | · | · | · | |
| EPS YoY | 5.0%5Y avg ≈5.5% | ≈5.5% | · | · | |
| Net Income YoY | -0.38%5Y avg ≈3.8% | ≈3.8% | · | · | |
| EPS CAGR 3Y | 0.00%5Y avg ≈3.6% | ≈3.6% | · | · | |
| EPS CAGR 5Y | -2.2% | · | · | · | |
| Net Income CAGR 3Y | -1.5%5Y avg ≈3.1% | ≈3.1% | · | · | |
| Net Income CAGR 5Y | -2.7% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | ERII | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.65Y avg ≈0.6 | ≈0.6 | 0.8 | Weak | |
| Inventory Turnover | 1.95Y avg ≈1.8 | ≈1.8 | 3.4 | Weak | |
| Receivables Turnover | 1.95Y avg ≈3.7 | ≈3.7 | 7.1 | Weak | |
| Revenue / Employee | ≈$586.9K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-107.5%
Next Report
Nov 03, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 4, 2026 | $-0.03 | $-0.02 | -26.1% |
| March 31, 2026 | $-0.11 | $-0.10 | -14.7% | |
| Dec. 31, 2025 | $0.53 | $0.68 | -22.4% | |
| Sept. 30, 2025 | $0.12 | $0.11 | 13.9% | |
| June 30, 2025 | $0.07 | $0.00 | — | |
| March 31, 2025 | $-0.18 | $-0.03 | -488.2% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $135M | $145M | $128M | $126M | $104M | $119M | $87M | $75M | $69M | $58M | $44M | |
| Cost of Revenue | $47M | $48M | $41M | $38M | $33M | · | · | · | $19M | $18M | $19M | |
| Gross Profit | $88M | $97M | $87M | $87M | $71M | · | · | · | $39M | $32M | $25M | |
| R&D Expense | $13M | $16M | $17M | $18M | $20M | $23M | $23M | $17M | $13M | $10M | $8M | |
| SG&A Expense | $30M | $33M | $29M | $28M | $25M | $26M | $23M | $21M | $17M | $17M | $20M | |
| Operating Expenses | $64M | $77M | $68M | $63M | $57M | $59M | $56M | $47M | $41M | $37M | $37M | |
| Operating Income | $24M | $20M | $19M | $25M | $14M | $31M | $10M | $10M | $9M | $3M | $-12M | |
| Interest Expense | · | · | · | · | · | $0 | $0 | $1.0K | $2.0K | $3.0K | $42.0K | |
| Other Non-op | $92.0K | $-207.0K | $-101.0K | $334.0K | $-31.0K | $-74.0K | $-118.0K | $-80.0K | $-188.0K | $-19.0K | $-192.0K | |
| Pretax Income | $28M | $26M | $23M | $26M | $14M | $32M | $12M | $11M | $10M | $4M | $-12M | |
| Income Tax | $5M | $3M | $1M | $2M | $-265.0K | $6M | $1M | $-11M | $-8M | $-6.0K | $-334.0K | |
| Net Income | $23M | $23M | $22M | $24M | $14M | $26M | $11M | $22M | $18M | $4M | $-12M | |
| EPS (Basic) | $0.43 | $0.40 | $0.38 | $0.43 | $0.25 | $0.47 | $0.20 | $0.41 | $0.34 | $0.07 | $-0.22 | |
| EPS (Diluted) | $0.42 | $0.40 | $0.37 | $0.42 | $0.24 | $0.47 | $0.19 | $0.40 | $0.33 | $0.07 | $-0.22 | |
| Shares (Basic) | 53,802,000 | 57,213,000 | 56,444,000 | 56,221,000 | 56,993,000 | 55,709,000 | 54,740,000 | 53,764,000 | 53,701,000 | 52,341,000 | 52,151,000 | |
| Shares (Diluted) | 54,158,000 | 57,822,000 | 57,740,000 | 57,641,000 | 58,723,000 | 56,637,000 | 56,067,000 | 55,338,000 | 55,612,000 | 55,451,000 | 52,151,000 | |
| EBITDA | $28M | $24M | $23M | $30M | $20M | $37M | · | $14M | $7M | $357.0K | $-8M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $48M | $30M | $68M | $56M | $74M | $94M | $26M | $22M | $28M | $61M | $100M | |
| Short-term Investments | $27M | $48M | $40M | $33M | $31M | $20M | $59M | $73M | $70M | $39M | $257.0K | |
| Receivables | $77M | $64M | $47M | $34M | $21M | $12M | $13M | $10M | $12M | $12M | $12M | |
| Inventory | $24M | $25M | $26M | $28M | $20M | $12M | $10M | $7M | $6M | $5M | $7M | |
| Prepaid Expense | $5M | $7M | $4M | $6M | $5M | $5M | $5M | $3M | $1M | $1M | $943.0K | |
| Current Assets | $181M | $174M | $185M | $158M | $152M | $143M | $113M | $120M | $126M | $122M | $124M | |
| PP&E (Net) | $13M | $15M | $19M | $20M | $20M | $20M | $19M | $15M | $13M | $9M | $11M | |
| PP&E (Gross) | $55M | $55M | $56M | $54M | $55M | $53M | $48M | $41M | $38M | $30M | $29M | |
| Accum. Depreciation | $42M | $39M | $37M | $34M | $34M | $32M | $30M | $27M | $24M | $21M | $18M | |
| Goodwill | $13M | $13M | $13M | $13M | $13M | $13M | $13M | $13M | $13M | $13M | $13M | |
| Intangibles | · | · | · | $0 | $37.0K | $49.0K | $65.0K | $640.0K | $1M | $2M | $3M | |
| Other Non-current Assets | $577.0K | $391.0K | $388.0K | $366.0K | $367.0K | $988.0K | $598.0K | $368.0K | $12.0K | $4.0K | $2.0K | |
| Total Assets | $232M | $243M | $253M | $217M | $214M | $204M | $189M | $180M | $164M | $149M | $152M | |
| Accounts Payable | $2M | $3M | $3M | $814.0K | $909.0K | $1M | $1M | $1M | $4M | $2M | $2M | |
| Current Liabilities | $17M | $23M | $21M | $18M | $20M | $16M | $28M | $27M | $30M | $17M | $16M | |
| Capital Leases | $7M | $9M | $11M | $13M | $15M | $16M | $12M | $13M | $2M | · | · | |
| Deferred Tax | · | · | · | · | · | · | · | $0 | $0 | $2M | $2M | |
| Other Non-current Liabilities | $1M | $57.0K | $207.0K | $121.0K | $247.0K | $518.0K | $278.0K | · | · | · | $718.0K | |
| Total Liabilities | $25M | $33M | $33M | $32M | $35M | $33M | $53M | $66M | $73M | $84M | $88M | |
| Long-term Debt | · | · | · | · | · | · | · | $0 | $27.0K | $38.0K | $48.0K | |
| Total Debt | · | · | · | · | · | · | · | $0 | $27.0K | $38.0K | $48.0K | |
| Common Stock | $67.0K | $66.0K | $65.0K | $64.0K | $64.0K | $62.0K | $61.0K | $59.0K | $58.0K | $57.0K | $55.0K | |
| Paid-in Capital | $244M | $235M | $218M | $205M | $196M | $179M | $170M | $158M | $149M | $140M | $130M | |
| Retained Earnings | $129M | $106M | $83M | $61M | $37M | $23M | $-4M | $-14M | $-37M | $-58M | $-59M | |
| Treasury Stock | $167M | $131M | $80M | $80M | $54M | $30M | $30M | $30M | $20M | $16M | $7M | |
| AOCI | $-94.0K | $98.0K | $-44.0K | $-349.0K | $-149.0K | $53.0K | $-37.0K | $-133.0K | $-125.0K | $-118.0K | $-64.0K | |
| Stockholders' Equity | $206M | $210M | $220M | $185M | $179M | $172M | $136M | $113M | $92M | $68M | $64M | |
| Liabilities + Equity | $232M | $243M | $253M | $217M | $214M | $204M | $189M | $180M | $164M | $149M | $152M | |
| Shares Outstanding | 52,806,822 | 54,785,861 | 56,880,947 | 56,076,879 | 63,544,419 | 61,798,004 | 60,717,702 | 59,396,020 | 58,168,433 | 56,884,000 | 54,948,000 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $4M | $4M | $4M | $5M | $5M | $4M | $4M | $4M | $4M | $4M | $4M | |
| Stock-based Comp | $8M | $10M | $8M | $7M | $6M | $5M | $6M | $5M | $4M | $3M | $4M | |
| Deferred Tax | $2M | $1M | $-131.0K | $1M | $-355.0K | $6M | $1M | $-10M | $-9M | $-68.0K | $-351.0K | |
| Amort. of Intangibles | · | · | · | · | $12.0K | $16.0K | $575.0K | $630.0K | $631.0K | $631.0K | $635.0K | |
| Restructuring | $313.0K | $2M | $0 | $0 | · | · | · | · | · | · | · | |
| Other Non-cash | $-17M | $-18M | $-7M | $-24M | $-12M | $-25M | · | $-13M | $-8M | · | $77M | |
| Operating Cash Flow | $19M | $21M | $26M | $13M | $14M | $17M | $5M | $8M | $3M | $5M | $69M | |
| CapEx | $1M | $1M | $3M | $4M | $7M | $7M | $7M | $5M | $7M | $1M | $572.0K | |
| Investing Cash Flow | $34M | $-16M | $-19M | $-7M | $-21M | $47M | $-7M | $-10M | $-39M | $-40M | · | |
| Debt Issued | · | · | · | · | · | · | · | · | $0 | $0 | $55.0K | |
| Net Debt Issued | · | · | · | · | · | $0 | · | $-27.0K | $-11.0K | $-10.0K | $48.0K | |
| Stock Issued | $2M | $7M | $5M | $3M | $11M | $4M | $6M | $4M | $6M | $7M | $1M | |
| Stock Repurchased | $36M | $50M | $0 | $27M | $23M | $0 | $0 | $10M | $4M | $9M | $0 | |
| Net Stock Activity | $-34M | $-43M | $5M | $-24M | $-13M | $4M | · | $-6M | $1M | $-3M | $1M | |
| Financing Cash Flow | $-35M | $-43M | $5M | $-24M | $-13M | $4M | $6M | $-6M | $951.0K | $-3M | · | |
| Net Change in Cash | $18M | $-38M | $12M | $-18M | $-20M | $68M | $4M | $-8M | $-35M | $-38M | $84M | |
| Taxes Paid | $1M | · | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $17M | $19M | $23M | $8M | $7M | $10M | · | $2M | $-4M | $4M | $68M | |
| Levered FCF | · | · | · | · | · | $10M | · | $2M | $-4M | $4M | $68M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 65.1% | 66.9% | 67.8% | · | · | · | · | · | 67.2% | 64.1% | 56.2% | |
| Operating Margin | 17.7% | 13.6% | 14.8% | 19.8% | 13.3% | 26.3% | · | 13.4% | 5.6% | 0.72% | -27.0% | |
| Net Margin | 17.0% | 15.9% | 16.8% | 19.1% | 13.7% | 22.2% | · | 29.6% | 21.2% | 2.1% | -26.7% | |
| Pretax Margin | 20.4% | 17.8% | 17.7% | 20.8% | 13.5% | 27.0% | · | 15.3% | 7.3% | 1.3% | -27.4% | |
| EBITDA Margin | 20.5% | 16.4% | 18.0% | 23.6% | 19.0% | 30.8% | · | 18.6% | 11.9% | 0.72% | -18.2% | |
| ROA | 9.7% | 9.3% | 9.2% | 11.2% | 6.8% | 13.4% | · | 12.8% | 8.0% | 0.69% | -9.8% | |
| ROE | 11.0% | 10.4% | 10.4% | 13.6% | 8.0% | 15.7% | · | 19.8% | 16.4% | 1.6% | -17.4% | |
| ROIC | 9.6% | 8.4% | 8.2% | 12.4% | 7.9% | 15.0% | · | 17.0% | 11.8% | 0.88% | -18.0% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 10.4 | 7.4 | 8.6 | 8.6 | 7.7 | 9.1 | · | 4.4 | 6.4 | 7.1 | 7.7 | |
| Quick Ratio | 8.8 | 6.1 | 7.2 | 6.8 | 6.4 | 8.0 | · | 3.9 | 5.6 | 6.5 | 7.0 | |
| Debt / Equity | · | · | · | · | · | · | · | 0.0 | 0.0 | 0.0 | 0.0 | |
| LT Debt / Equity | · | · | · | · | · | · | · | 0.0 | 0.0 | 0.0 | 0.0 | |
| Interest Coverage | · | · | · | · | · | · | · | 9978.0 | 1638.0 | 119.0 | -280.7 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.6 | 0.6 | 0.5 | 0.6 | 0.5 | 0.6 | · | 0.4 | 0.4 | 0.3 | 0.4 | |
| Inventory Turnover | 1.9 | 1.9 | 1.5 | · | · | · | · | · | 3.8 | 3.2 | 2.6 | |
| Receivables Turnover | 1.9 | 2.6 | 3.2 | 4.6 | 6.4 | 9.6 | · | 6.6 | 4.8 | 4.3 | 3.9 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $3.90 | $3.83 | $3.86 | $3.31 | $3.15 | $3.05 | · | $2.10 | $1.53 | $1.23 | $1.21 | |
| Revenue / Share | $2.49 | $2.51 | $2.22 | $2.18 | $1.77 | $2.10 | · | $1.35 | $1.05 | $0.90 | · | |
| Cash Flow / Share | $0.35 | $0.35 | $0.45 | $0.22 | $0.23 | $0.30 | · | $0.14 | $0.05 | $0.09 | · | |
| Cash / Share | $0.91 | $0.54 | $1.20 | $1.00 | $1.31 | $1.67 | · | $0.41 | $0.52 | $1.15 | $1.90 | |
| EPS (TTM) | $0.42 | $0.40 | $0.37 | $0.42 | $0.24 | $0.47 | $0.19 | $0.40 | $0.33 | $0.07 | $-0.22 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -6.9% | 12.9% | 2.2% | 20.9% | -12.7% | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 2.4% | 11.7% | 2.6% | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 2.6% | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 5.0% | 8.1% | -11.9% | 75.0% | -48.9% | · | · | · | · | · | · | |
| EPS CAGR 3Y | 0.00% | 18.6% | -7.7% | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -2.2% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -0.38% | 7.2% | -10.6% | 68.5% | -45.9% | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -1.5% | 17.3% | -6.6% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -2.7% | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $135M | $145M | $128M | $126M | $104M | $119M | $87M | $75M | $69M | $58M | $44M | |
| Net Income TTM | $23M | $23M | $22M | $24M | $14M | $26M | $11M | $22M | $18M | $4M | $-12M | |
| Market Cap | $712M | $805M | $1.07B | $1.15B | $1.22B | $769M | · | $363M | $472M | $550M | $371M | |
| Enterprise Value | · | · | · | · | · | · | · | $268M | $374M | $450M | $271M | |
| P/E | 32.1 | 36.8 | 50.9 | 48.8 | 89.5 | 29.0 | 51.5 | 16.8 | 26.5 | 147.9 | -32.1 | |
| P/S | 5.3 | 5.6 | 8.3 | 9.1 | 11.8 | 6.5 | · | 4.9 | 6.8 | 9.5 | 8.5 | |
| P/B | 3.5 | 3.8 | 4.9 | 6.2 | 6.8 | 4.5 | · | 3.2 | 5.7 | 8.4 | 5.8 | |
| P / Tangible Book | 3.7 | 4.1 | 5.2 | 6.7 | 7.4 | 4.8 | · | · | · | · | · | |
| P / Cash Flow | 38.0 | 39.2 | 41.1 | 91.0 | 90.3 | 45.6 | · | 48.0 | 162.9 | 110.8 | 5.4 | |
| P / FCF | 40.8 | 41.9 | 45.6 | 136.8 | 178.3 | 76.2 | · | 155.8 | -105.3 | 142.8 | 5.4 | |
| EV / EBITDA | · | · | · | · | · | · | · | 19.3 | 53.9 | 1260.0 | -34.1 | |
| EV / FCF | · | · | · | · | · | · | · | 114.9 | -83.4 | 116.7 | 4.0 | |
| EV / Revenue | · | · | · | · | · | · | · | 3.6 | 5.4 | 7.8 | 6.2 | |
| Earnings Yield | 3.1% | 2.7% | 2.0% | 2.1% | 1.1% | 3.5% | 1.9% | 5.9% | 3.8% | 0.68% | -3.1% |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12M | $10M | $67M | $32M | $28M | $8M | $67M | $39M | $27M | $12M | $57M | $37M | $21M | $13M | $42M | $30M | |
| Cost of Revenue | · | · | $22M | $11M | $10M | $4M | $20M | $13M | $10M | $5M | $18M | $11M | $7M | $5M | $12M | $9M | |
| Gross Profit | $9M | $3M | $45M | $21M | $18M | $4M | $47M | $25M | $18M | $7M | $39M | $26M | $14M | $8M | $30M | $21M | |
| R&D Expense | $3M | $3M | $3M | $4M | $3M | $3M | $4M | $4M | $4M | $4M | $5M | $4M | $4M | $4M | $4M | $4M | |
| SG&A Expense | $7M | $6M | $6M | $8M | $8M | $9M | $8M | $8M | $10M | $8M | $7M | $7M | $7M | $7M | $7M | $8M | |
| Operating Expenses | $15M | $18M | $14M | $17M | $16M | $17M | $22M | $18M | $20M | $18M | $19M | $17M | $16M | $16M | $15M | $16M | |
| Operating Income | $-6M | $-15M | $31M | $4M | $1M | $-13M | $26M | $7M | $-2M | $-11M | $21M | $9M | $-3M | $-8M | $15M | $5M | |
| Other Non-op | $122.0K | $108.0K | $67.0K | $45.0K | $-26.0K | $6.0K | $-162.0K | $57.0K | $-49.0K | $-53.0K | $28.0K | $-38.0K | $-126.0K | $35.0K | $343.0K | $-5.0K | |
| Pretax Income | $-5M | $-14M | $32M | $5M | $2M | $-11M | $27M | $9M | $-400.0K | $-10M | $22M | $10M | $-2M | $-7M | $15M | $5M | |
| Income Tax | $-2M | $-2M | $5M | $680.0K | $334.0K | $-2M | $3M | $344.0K | $242.0K | $-1M | $2M | $518.0K | $-265.0K | $-1M | $2M | $371.0K | |
| Net Income | $-3M | $-12M | $27M | $4M | $2M | $-10M | $23M | $8M | $-642.0K | $-8M | $20M | $10M | $-2M | $-6M | $14M | $5M | |
| EPS (Basic) | $-0.06 | $-0.23 | $0.50 | $0.07 | $0.04 | $-0.18 | $0.40 | $0.15 | $-0.01 | $-0.14 | $0.35 | $0.17 | $-0.03 | $-0.11 | $0.24 | $0.09 | |
| EPS (Diluted) | $-0.06 | $-0.23 | $0.49 | $0.07 | $0.04 | $-0.18 | $0.40 | $0.15 | $-0.01 | $-0.14 | $0.34 | $0.17 | $-0.03 | $-0.11 | $0.24 | $0.08 | |
| Shares (Basic) | 51,463,000 | 52,660,000 | · | 53,162,000 | 54,257,000 | 54,902,000 | · | 57,756,000 | 57,366,000 | 57,102,000 | · | 56,443,000 | 56,363,000 | 56,228,000 | · | 55,881,000 | |
| Shares (Diluted) | 51,463,000 | 52,660,000 | · | 53,466,000 | 54,486,000 | 54,902,000 | · | 58,290,000 | 57,366,000 | 57,102,000 | · | 57,969,000 | 56,363,000 | 56,228,000 | · | 57,372,000 | |
| EBITDA | $-6M | $-14M | · | · | $1M | $-12M | · | $7M | $-2M | $-10M | · | $9M | $-3M | $-7M | · | $5M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $61M | $50M | $48M | $47M | $57M | $49M | $30M | $63M | $40M | $71M | $68M | $51M | $44M | $66M | $56M | $52M | |
| Short-term Investments | $32M | $36M | $27M | $23M | $22M | $34M | $48M | $55M | $61M | $47M | · | $33M | $51M | $32M | · | $30M | |
| Receivables | $14M | $39M | $77M | $44M | $33M | $32M | $64M | $32M | $21M | $25M | · | $23M | $15M | $12M | · | $18M | |
| Inventory | $38M | $31M | $24M | $34M | $33M | $32M | $25M | $33M | $34M | $32M | · | $34M | $36M | $33M | · | $32M | |
| Prepaid Expense | $4M | $5M | $5M | $8M | $7M | $6M | $7M | $6M | $4M | $4M | · | $5M | $4M | $5M | · | $6M | |
| Current Assets | $149M | $161M | $181M | $156M | $152M | $155M | $174M | $190M | $159M | $178M | · | $146M | $150M | $148M | · | $139M | |
| PP&E (Net) | $13M | $13M | $13M | $13M | $14M | $15M | $15M | $16M | $17M | $18M | · | $19M | $19M | $20M | · | $19M | |
| PP&E (Gross) | · | · | $55M | · | · | · | $55M | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $42M | · | · | · | $39M | · | · | · | · | · | · | · | · | · | |
| Goodwill | $11M | $11M | $13M | $13M | $13M | $13M | $13M | $13M | $13M | $13M | · | $13M | $13M | $13M | · | $13M | |
| Intangibles | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $29.0K | |
| Other Non-current Assets | $804.0K | $737.0K | $577.0K | $428.0K | $546.0K | $429.0K | $391.0K | $1M | $919.0K | $387.0K | · | $387.0K | $753.0K | $385.0K | · | $365.0K | |
| Total Assets | $198M | $209M | $232M | $210M | $212M | $225M | $243M | $263M | $249M | $244M | · | $223M | $210M | $208M | · | $200M | |
| Accounts Payable | $5M | $3M | $2M | $5M | $3M | $3M | $3M | $3M | $5M | $3M | · | $2M | $2M | $2M | · | $2M | |
| Current Liabilities | $19M | $17M | $17M | $21M | $19M | $18M | $23M | $19M | $20M | $17M | · | $16M | $15M | $13M | · | $17M | |
| Capital Leases | $6M | $6M | $7M | $8M | $8M | $9M | $9M | $10M | $10M | $11M | · | $12M | $12M | $13M | · | $14M | |
| Other Non-current Liabilities | $1M | $1M | $1M | $69.0K | $85.0K | $96.0K | $57.0K | $100.0K | $86.0K | $132.0K | · | $222.0K | $215.0K | $254.0K | · | $127.0K | |
| Total Liabilities | $25M | $25M | $25M | $29M | $27M | $27M | $33M | $29M | $31M | $28M | · | $29M | $28M | $26M | · | $31M | |
| Common Stock | $67.0K | $67.0K | $67.0K | $67.0K | $67.0K | $67.0K | $66.0K | $66.0K | $66.0K | $65.0K | · | $65.0K | $65.0K | $64.0K | · | $64.0K | |
| Paid-in Capital | $247M | $246M | $244M | $242M | $240M | $238M | $235M | $232M | $225M | $222M | · | $212M | $209M | $207M | · | $203M | |
| Retained Earnings | $113M | $116M | $129M | $102M | $98M | $96M | $106M | $82M | $74M | $74M | · | $63M | $53M | $55M | · | $47M | |
| Treasury Stock | $188M | $178M | $167M | $163M | $153M | $135M | $131M | $80M | $80M | $80M | · | $80M | $80M | $80M | · | $80M | |
| AOCI | $-435.0K | $-285.0K | $-94.0K | $34.0K | $37.0K | $75.0K | $98.0K | $149.0K | $-61.0K | $-60.0K | · | $-183.0K | $-127.0K | $-271.0K | · | $-509.0K | |
| Stockholders' Equity | $172M | $184M | $206M | $181M | $185M | $198M | $210M | $234M | $219M | $216M | $220M | $194M | $182M | $182M | $185M | $169M | |
| Liabilities + Equity | $198M | $209M | $232M | $210M | $212M | $225M | $243M | $263M | $249M | $244M | · | $223M | $210M | $208M | · | $200M | |
| Shares Outstanding | 51,174,774 | 52,082,859 | 52,806,822 | 52,979,801 | 53,683,535 | 54,856,712 | 54,785,861 | 57,882,075 | 57,422,763 | 57,329,402 | 56,880,947 | 56,504,548 | 56,405,457 | 56,342,872 | 56,076,879 | 55,982,976 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $1M | $978.0K | $941.0K | $913.0K | $944.0K | $962.0K | $996.0K | $1M | $1M | $1M | $1M | $1M | $1M | $983.0K | $961.0K | $154.0K | |
| Stock-based Comp | $1M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $3M | $3M | $2M | $2M | $2M | $2M | $1M | $1M | |
| Restructuring | $855.0K | $2M | $-226.0K | $0 | $0 | $539.0K | $2M | $0 | $0 | $0 | · | · | · | · | · | · | |
| Other Non-cash | · | $30M | · | · | · | $18M | · | · | · | $10M | · | · | · | $12M | · | · | |
| Operating Cash Flow | $16M | $21M | $7M | $-3M | $4M | $11M | $9M | $-3M | $8M | $6M | $14M | $8M | $-4M | $9M | $6M | $-1M | |
| CapEx | $875.0K | $814.0K | $662.0K | $342.0K | $135.0K | $191.0K | $104.0K | $169.0K | $201.0K | $824.0K | $1M | $330.0K | $570.0K | $279.0K | $1M | $563.0K | |
| Investing Cash Flow | $5M | $-8M | $-3M | $3M | $21M | $13M | $7M | $22M | $-39M | $-5M | $-739.0K | $-1M | $-18M | $1M | $-3M | $9M | |
| Stock Issued | $132.0K | $0 | $432.0K | $381.0K | $367.0K | $1M | $1M | $4M | $312.0K | $1M | $4M | $805.0K | $214.0K | $165.0K | $742.0K | $1M | |
| Stock Repurchased | $10M | $11M | $3M | $11M | $17M | $4M | $50M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $31.0K | |
| Net Stock Activity | · | $-11M | · | · | · | $-4M | · | · | · | $1M | · | · | · | $165.0K | · | · | |
| Financing Cash Flow | $-10M | $-11M | $-3M | $-10M | $-17M | $-4M | $-49M | $4M | $312.0K | $1M | $4M | $805.0K | $214.0K | $165.0K | $742.0K | $1M | |
| Net Change in Cash | $11M | $2M | $973.0K | $-10M | $8M | $20M | $-34M | $23M | $-30M | $3M | $17M | $7M | $-22M | $10M | $4M | $9M | |
| Free Cash Flow | · | $20M | · | · | · | $10M | · | · | · | $6M | · | · | · | · | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 74.7% | 27.8% | · | · | 64.0% | 55.3% | · | 65.1% | 64.6% | 59.0% | · | 69.9% | 65.3% | 60.9% | · | 69.1% | |
| Operating Margin | -49.0% | -153.1% | · | · | 5.2% | -155.8% | · | 18.3% | -7.4% | -90.4% | · | 24.7% | -12.5% | -60.5% | · | 16.1% | |
| Net Margin | -26.7% | -126.2% | · | · | 7.3% | -122.5% | · | 22.0% | -2.4% | -68.3% | · | 26.1% | -8.0% | -47.0% | · | 15.7% | |
| Pretax Margin | -42.4% | -144.5% | · | · | 8.5% | -142.4% | · | 22.9% | -1.5% | -79.0% | · | 27.5% | -9.3% | -55.6% | · | 16.9% | |
| EBITDA Margin | -49.0% | -143.0% | · | · | 5.2% | -143.8% | · | 18.3% | -7.4% | -81.9% | · | 24.7% | -12.5% | -53.2% | · | 16.1% | |
| ROA | -1.6% | -5.6% | · | · | 0.89% | -4.2% | · | 3.5% | -0.28% | -3.6% | · | 4.6% | -0.83% | -3.0% | · | 2.3% | |
| ROE | -1.8% | -6.4% | · | · | 1.0% | -4.8% | · | 4.0% | -0.32% | -4.2% | · | 5.3% | -0.97% | -3.5% | · | 2.8% | |
| ROIC | -2.1% | -7.0% | · | · | 0.68% | -5.5% | · | 2.9% | -1.5% | -4.4% | · | 4.5% | -1.2% | -3.8% | · | 2.7% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 8.1 | 9.3 | · | · | 8.1 | 8.4 | · | 10.1 | 7.9 | 10.4 | · | 8.9 | 9.9 | 11.2 | · | 8.2 | |
| Quick Ratio | 5.8 | 7.2 | · | · | 6.0 | 6.3 | · | 8.0 | 6.1 | 8.3 | · | 6.6 | 7.3 | 8.3 | · | 5.9 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.0 | · | · | 0.1 | 0.0 | · | 0.2 | 0.1 | 0.1 | · | 0.2 | 0.1 | 0.1 | · | 0.1 | |
| Inventory Turnover | · | · | · | · | 0.3 | 0.1 | · | 0.4 | 0.3 | 0.2 | · | 0.3 | 0.2 | 0.2 | · | 0.4 | |
| Receivables Turnover | 0.5 | 0.3 | · | · | 1.1 | 0.3 | · | 1.4 | 1.5 | 0.7 | · | 1.8 | 1.4 | 0.7 | · | 1.9 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $3.37 | $3.54 | · | · | $3.45 | $3.61 | · | $4.04 | $3.81 | $3.77 | · | $3.43 | $3.22 | $3.22 | · | $3.02 | |
| Revenue / Share | $0.23 | $0.18 | · | · | $0.51 | $0.15 | · | $0.66 | $0.47 | $0.21 | · | $0.64 | $0.37 | $0.24 | · | $0.53 | |
| Cash Flow / Share | · | $0.40 | · | · | · | $0.19 | · | · | · | $0.11 | · | · | · | $0.15 | · | · | |
| Cash / Share | $1.20 | $0.96 | · | · | $1.06 | $0.90 | · | $1.09 | $0.70 | $1.23 | · | $0.91 | $0.78 | $1.18 | · | $0.93 | |
| EPS (TTM) | $0.27 | $0.37 | · | $0.33 | $0.41 | $0.36 | · | $0.34 | $0.36 | $0.34 | · | $0.27 | $0.18 | $0.17 | · | $0.26 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $121M | $137M | · | $135M | $142M | $141M | · | $135M | $134M | $127M | · | $113M | $107M | $106M | · | $117M | |
| Net Income TTM | $15M | $21M | · | $20M | $24M | $21M | · | $19M | $21M | $20M | · | $15M | $11M | $10M | · | $16M | |
| Market Cap | $462M | $524M | · | · | $686M | $872M | · | $1.01B | $763M | $905M | · | $1.20B | $1.58B | $1.30B | · | $1.22B | |
| P/E | 33.4 | 27.2 | · | 46.7 | 31.2 | 44.1 | · | 51.1 | 36.9 | 46.4 | · | 78.6 | 155.3 | 135.6 | · | 83.6 | |
| P/S | 3.8 | 3.8 | · | 6.0 | 4.8 | 6.2 | · | 7.5 | 5.7 | 7.1 | · | 10.6 | 14.8 | 12.2 | · | 10.4 | |
| P/B | 2.7 | 2.8 | · | · | 3.7 | 4.4 | · | 4.3 | 3.5 | 4.2 | · | 6.2 | 8.7 | 7.2 | · | 7.2 | |
| P / Tangible Book | 2.9 | 3.0 | · | · | 4.0 | 4.7 | · | 4.6 | 3.7 | 4.5 | · | 6.6 | 9.3 | 7.7 | · | 7.8 | |
| P / Cash Flow | · | 24.9 | · | · | · | 81.6 | · | · | · | 139.3 | · | · | · | 150.0 | · | · | |
| Earnings Yield | 3.0% | 3.7% | · | 2.1% | 3.2% | 2.3% | · | 2.0% | 2.7% | 2.1% | · | 1.3% | 0.64% | 0.74% | · | 1.2% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $135M | $145M | $128M | $126M | $104M |
| Gross Margin % | 65.1% | 66.9% | 67.8% | · | · |
| Operating Margin % | 17.7% | 13.6% | 14.8% | 19.8% | 13.3% |
| Net Income | $23M | $23M | $22M | $24M | $14M |
| Diluted EPS | $0.42 | $0.40 | $0.37 | $0.42 | $0.24 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | 10.4 | 7.4 | 8.6 | 8.6 | 7.7 |
| Quick Ratio | 8.8 | 6.1 | 7.2 | 6.8 | 6.4 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $17M | $19M | $23M | $8M | $7M |
Institutional owners (13F) 213 filers · $450.7M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
213
Value held
$450.7M
New positions
44
Exited positions
37
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 44 (-6 vs prior Q) | 37 (+3 vs prior Q) | 80 (+15 vs prior Q) | 44 (-18 vs prior Q) | +6.0M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $57,225,153 | 6,344,252 | 12.70% | Shares |
| VANGUARD GROUP INC | $51,969,389 | 3,852,438 | 11.53% | Shares |
| Amundi | $36,093,641 | 4,003,535 | 8.01% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $19,697,136 | 2,183,718 | 4.37% | Shares |
| Legal & General Group Plc | $18,579,072 | 2,059,764 | 4.12% | Shares |
| FIL Ltd | $15,475,812 | 1,715,722 | 3.43% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $15,314,318 | 1,697,550 | 3.40% | Shares |
| STATE STREET CORP | $14,665,555 | 1,625,893 | 3.25% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $11,398,276 | 1,263,667 | 2.53% | Shares |
| MORGAN STANLEY | $11,157,767 | 1,237,003 | 2.48% | Shares |
| MACKENZIE FINANCIAL CORP | $10,712,928 | 1,187,686 | 2.38% | Shares |
| Invesco Ltd. | $8,348,460 | 925,550 | 1.85% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $7,925,406 | 878,724 | 1.76% | Shares |
| ArrowMark Colorado Holdings LLC | $7,639,940 | 847,000 | 1.70% | Shares |
| ROYCE & ASSOCIATES LP | $6,790,364 | 752,812 | 1.51% | Shares |
| AVENIR CORP | $6,258,856 | 693,886 | 1.39% | Shares |
| AMERIPRISE FINANCIAL INC | $6,126,710 | 679,236 | 1.36% | Shares |
| MARSHALL WACE, LLP | $6,108,776 | 677,248 | 1.36% | Shares |
| Kopion Asset Management, LLC | $5,768,696 | 639,545 | 1.28% | Shares |
| GOLDMAN SACHS GROUP INC | $5,424,042 | 601,335 | 1.20% | Shares |
| 683 Capital Management, LLC | $4,780,600 | 530,000 | 1.06% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $4,510,550 | 500,061 | 1.00% | Shares |
| NORTHERN TRUST CORP | $4,316,286 | 478,524 | 0.96% | Shares |
| CITADEL ADVISORS LLC | $4,295,649 | 476,236 | 0.95% | Shares |
| TUDOR INVESTMENT CORP ET AL | $4,256,583 | 471,905 | 0.94% | Shares |
| Swiss Life Asset Management Ltd | $4,191,242 | 464,661 | 0.93% | Shares |
| Raiffeisen Bank International AG | $4,052,600 | 460,000 | 0.90% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $3,967,149 | 439,817 | 0.88% | Shares |
| CenterBook Partners LP | $3,792,973 | 420,507 | 0.84% | Shares |
| KLP KAPITALFORVALTNING AS | $3,610,805 | 400,311 | 0.80% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $3,575,717 | 396,421 | 0.79% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $3,416,767 | 378,799 | 0.76% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $3,313,939 | 367,399 | 0.74% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $3,311,404 | 367,118 | 0.73% | Shares |
| PINNACLE ASSOCIATES LTD | $2,941,593 | 326,119 | 0.65% | Shares |
| BROWN CAPITAL MANAGEMENT LLC | $2,551,451 | 282,866 | 0.57% | Shares |
| JPMORGAN CHASE & CO | $2,512,754 | 285,216 | 0.56% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $2,370,852 | 262,844 | 0.53% | Shares |
| TWO SIGMA INVESTMENTS, LP | $2,100,118 | 232,829 | 0.47% | Shares |
| D. E. Shaw & Co., Inc. | $1,972,737 | 218,707 | 0.44% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,749,149 | 193,919 | 0.39% | Shares |
| TUDOR INVESTMENT CORP ET AL | $1,713,800 | 190,000 | 0.38% | Put option |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $1,668,680 | 165,708 | 0.37% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,636,228 | 181,400 | 0.36% | Put option |
| Nuveen, LLC | $1,566,891 | 173,713 | 0.35% | Shares |
| JUPITER ASSET MANAGEMENT LTD | $1,491,917 | 165,401 | 0.33% | Shares |
| ISTHMUS PARTNERS, LLC | $1,456,252 | 161,447 | 0.32% | Shares |
| Bank of New York Mellon Corp | $1,398,930 | 155,092 | 0.31% | Shares |
| Jump Financial, LLC | $1,372,185 | 152,127 | 0.30% | Shares |
| Polymer Capital Management (US) LLC | $1,305,239 | 144,705 | 0.29% | Shares |
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Ole Peter Lorentzen, Sobral AS ×8 filings | Dec. 2, 2021 | · | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 52 insiders · 32 officers · 19 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Alexander J Buehler | Interim President and CEO | June 15, 2026 M | 66,755 | 0 | 1 | $-129,779 |
| Chris M Gannon | Chief Executive Officer | Feb. 2, 2019 A | 77,859 | 0 | 0 | $0 |
| Joel Gay | President and CEO | Feb. 14, 2018 F | 95,051 | 0 | 0 | $0 |
| Thomas S Rooney JR | President, CEO | April 24, 2014 A | · | 0 | 0 | $0 |
| Aidan Ryan | Interim CFO | May 6, 2026 A | 34,133 | 0 | 0 | $0 |
| Michael S. Mancini | Chief Financial Officer | Feb. 17, 2026 A | 75,051 | 0 | 0 | $0 |
| Joshua Ballard | Chief Financial Officer | May 28, 2024 S | 40,376 | 0 | 0 | $0 |
| Thomas D Willardson | CFO | July 1, 2009 A | 4,000 | 0 | 0 | $0 |
| William Yeung | Chief Legal Officer | July 28, 2026 S | 99,291 | 0 | 12 | $-558,756 |
| Rodney Clemente | SVP, Water | July 28, 2026 S | 108,301 | 0 | 3 | $-274,902 |
| Natarajan Ramanan | Chief Technology Officer | March 5, 2026 S | 52,565 | 0 | 1 | $-2,875 |
| Matthew Hostetler | Chief Human Resources Officer | Feb. 17, 2026 A | 46,556 | 0 | 0 | $0 |
| Farshad Ghasripoor | Chief Technology Officer | Feb. 4, 2025 J | 70,230 | 0 | 0 | $0 |
| Emily Smith | SVP, Corp Dev and Ops | Feb. 1, 2021 A | 51,264 | 0 | 0 | $0 |
| Eric Siebert | VP, Oil and Gas | Feb. 21, 2020 M | 72,004 | 0 | 0 | $0 |
| Nocair Bensalah | VP Operations | Feb. 21, 2020 M | 58,867 | 0 | 0 | $0 |
| Stacy Lea Proctor | VP, Human Resources | Jan. 31, 2020 A | 11,753 | 0 | 0 | $0 |
| Lenox Sharon E Smith | Corporate Controller and CAO | April 3, 2019 M | 11,581 | 0 | 0 | $0 |
| Andrew B Stroud JR | VP, Human Resources | Feb. 5, 2019 F | 32,666 | 0 | 0 | $0 |
| Juan Otero | Gen Counsel,CCO,Corp Secretary | March 8, 2016 A | 20,956 | 0 | 0 | $0 |
| David Barnes | Chief Sales Officer | March 10, 2015 A | · | 0 | 0 | $0 |
| Prem Krish | Chief Technology Officer | March 12, 2014 A | · | 0 | 0 | $0 |
| Bold Audrey | Chief Marketing Officer | March 12, 2014 A | · | 0 | 0 | $0 |
| Borja Sanchez-Blanco | SVP, Sales | March 12, 2014 A | 20,000 | 0 | 0 | $0 |
| Deno G Bokas | VP Finance and CAO | March 19, 2012 A | · | 0 | 0 | $0 |
| Timothy Scott Dyer | Chief Technology Officer | Sept. 16, 2010 A | · | 0 | 0 | $0 |
| Carolyn F. Bostick | VP and General Counsel | Jan. 8, 2010 G | 500 | 0 | 0 | $0 |
| Xiao Yin Wang | VP, OEM Group | July 1, 2009 A | 99,800 | 0 | 0 | $0 |
| Richard Stover | SVP Service/CTO | July 1, 2009 A | 120,330 | 0 | 0 | $0 |
| Terrill Sandlin | VP of Manufacturing | July 1, 2009 A | 124,000 | 0 | 0 | $0 |
| Mariaelena Ross | VP of Admin & Human Resources | Sept. 3, 2008 A | · | 0 | 0 | $0 |
| Marilyn Lobel | Chief Acct Officer,Controller | July 1, 2008 A | · | 0 | 0 | $0 |
| John Joseph Mitchell | Director | July 9, 2026 A | 16,797 | 0 | 0 | $0 |
| Colin R Sabol | Director | June 15, 2026 P | 55,671 | 1 | 0 | $99,278 |
| Pamela L. Tondreau | Director | June 4, 2026 A | 60,844 | 1 | 0 | $166,800 |
| Arve Hanstveit | Director | June 4, 2026 A | 400,603 | 0 | 7 | $-2,954,611 |
| Joan Kai Chow | Director | June 4, 2026 A | 52,116 | 0 | 0 | $0 |
| Robert Yu Lang Mao | Director | May 23, 2024 M | 248,935 | 0 | 0 | $0 |
| Lisa A Pollina | Director | June 12, 2023 S | 4,007 | 0 | 0 | $0 |
| Sherif Foda | Director | Sept. 14, 2022 M | 9,619 | 0 | 0 | $0 |
| Olav Fjell | Director | June 10, 2021 A | 22,812 | 0 | 0 | $0 |
| Hans Peter Michelet | Director | June 10, 2019 M | 0 | 0 | 0 | $0 |
| Dominique Trempont | Director | June 23, 2016 A | 447,651 | 0 | 0 | $0 |
| Marie-Elisabeth Lucienne Pate-Cornell | Director | Feb. 6, 2015 A | · | 0 | 0 | $0 |
| Fred Olav Johannessen | Director | Feb. 6, 2015 A | 850,000 | 0 | 0 | $0 |
| Paul M. Cook | Director | Feb. 6, 2015 A | 49,800 | 0 | 0 | $0 |
| Gonzalo G Pique | Director | May 19, 2011 S | 130,000 | 0 | 0 | $0 |
| Jackalyne Pfannenstiel | Director | April 3, 2009 A | · | 0 | 0 | $0 |
| James Medanich | Director | July 8, 2008 S | 170,000 | 0 | 0 | $0 |
| Arvarius AS | 10% owner | Oct. 18, 2021 J | 0 | 0 | 0 | $0 |
| Ole Peter Lorentzen | 10% owner | Sept. 15, 2021 S | 5,155,239 | 0 | 0 | $0 |
| David W Moon | · | Feb. 17, 2026 A | 233,069 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 30 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| QQQS · Invesco Exchange-Traded Fund Trust … | 0.45% | 15,547 SH | Oct. 1, 2026 | Daily |
| PHO · Invesco Exchange-Traded Fund Trust | 0.16% | 460,773 SH | Oct. 1, 2026 | Daily |
| CGW · Invesco Exchange-Traded Fund Trust … | 0.12% | 182,993 SH | Oct. 1, 2026 | Daily |
| NUSC · Nushares ETF Trust | 0.03% | 47,252 NS | July 31, 2026 | N-PORT |
| VFQY · VANGUARD WELLINGTON FUND | 0.03% | 15,255 SH | Aug. 19, 2026 | Daily |
| CALF · Pacer Funds Trust | 0.03% | 114,528 NS | July 31, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.02% | 8,806 SH | Oct. 1, 2026 | Daily |
| IWO · iShares Trust | 0.02% | 423,324 SH | Sept. 11, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.02% | 82,103 SH | Oct. 1, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.02% | 49,172 SH | Aug. 19, 2026 | Daily |
| RSSL · Global X Funds | 0.01% | 24,941 NS | July 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.01% | 1,320,498 SH | Sept. 11, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 593,233 SH | Aug. 19, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 300,473 SH | Aug. 19, 2026 | Daily |
| VIS · VANGUARD WORLD FUND | 0.01% | 63,613 SH | Aug. 19, 2026 | Daily |
| DFAT · Dimensional ETF Trust | 0.01% | 153,660 NS | July 31, 2026 | N-PORT |
| FIDU · FIDELITY COVINGTON TRUST | 0.01% | 16,957 NS | July 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.00% | 1,500 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 5,500 NS | July 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.00% | 19,423 NS | July 31, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.00% | 17,325 NS | July 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 82,047 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 15,279 SH | Sept. 3, 2026 | Daily |
| DFSU · Dimensional ETF Trust | 0.00% | 1,600 NS | July 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 22,979 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 7,390 NS | July 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 1,537,828 SH | Aug. 19, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.00% | 5,562 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 3,893 SH | Aug. 19, 2026 | Daily |
| IWN · iShares Trust | · | 64,064 SH | Sept. 11, 2026 | Daily |
ERII Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 10 analysts
BUY
Median target
$8.00
+18.2%
2 20.0%
Strong Buy
4 40.0%
Buy
4 40.0%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
2 analysts · 2026-09-20Mean target $8.00 +18.2%
Low$8.00
Mean$8.00
High$8.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| ERII | $712M | 32.1 | -6.9% | 17.0% | 11.0% | 65.1% |
| MEC | $380M | -46.8 | -6.0% | -1.5% | -3.3% | · |
| FSTR | $273M | 39.1 | 1.7% | 1.4% | 4.3% | 21.1% |
| RR | · | -10.7 | 19.0% | -972.7% | · | 35.9% |
| VELO | $338M | -3.2 | 12.1% | -155.2% | -209.7% | -16.1% |
| NNBR | $64M | -1.2 | -9.1% | -8.1% | -72.7% | · |
| AIRJ | · | · | · | · | · | · |
| OFLX | $297M | 20.0 | -3.3% | 15.1% | 17.7% | 60.0% |
| PDYN | · | · | · | · | · | · |
| PPIH | $235M | 13.8 | 33.2% | 8.1% | 19.9% | 32.9% |
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Source: SEC 10-Q filed Aug 5, 2026