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GWRS

Global Water Resources, Inc.

GWRS

Global Water Resources, Inc. • NASDAQ
$8.57 ▲ 0.23% (+0.02)
Market Cap $246.21 M
52w High $13.35
52w Low $8.28
Dividend Yield 0.30%
P/E 50.41
Volume 19.96K
Outstanding Shares 28.73M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $15.519M ▲ $8.474M ▲ $1.717M ▲ 11.064% ▼ $0.06 ▲ $7.402M ▲
Q2-2025 $14.241M ▲ $4.387M ▼ $1.612M ▲ 11.319% ▲ $0.059 ▲ $7.042M ▲
Q1-2025 $12.457M ▼ $7.515M ▼ $591K ▲ 4.744% ▲ $0.024 ▲ $5.58M ▼
Q4-2024 $13.251M ▼ $8.422M ▲ $443K ▼ 3.343% ▼ $0.018 ▼ $6.071M ▼
Q3-2024 $14.321M $6.893M $2.925M 20.425% $0.12 $8.507M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $15.255M ▲ $480.652M ▲ $391.027M ▲ $89.625M ▲
Q2-2025 $10.22M ▼ $449.382M ▲ $372.642M ▲ $76.74M ▼
Q1-2025 $31.467M ▲ $443.918M ▲ $366.702M ▲ $77.216M ▲
Q4-2024 $9.047M ▼ $405.137M ▲ $357.533M ▲ $47.604M ▼
Q3-2024 $18.145M $402.917M $354.076M $48.841M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.717M ▲ $8.649M ▲ $-22.332M ▼ $18.882M ▲ $5.035M ▲ $-5.585M ▲
Q2-2025 $1.612M ▲ $1.35M ▼ $-20.179M ▼ $-1.97M ▼ $-20.799M ▼ $-18.829M ▼
Q1-2025 $591K ▲ $7.477M ▲ $-15.216M ▼ $29.758M ▲ $22.019M ▲ $-7.739M ▼
Q4-2024 $443K ▼ $5.989M ▲ $-13.307M ▼ $-3.604M ▼ $-10.922M ▼ $-7.164M ▼
Q3-2024 $2.925M $2.225M $-6.96M $7.117M $2.382M $-4.739M

Revenue by Products

Product Q3-2024Q1-2025Q2-2025Q3-2025
Water Services
Water Services
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Global Water Resources shows a steady, utility-style income profile. Revenue has inched up over the last several years and has been fairly stable recently, with gross profit and operating profit moving in line. Profit margins appear healthy for a small regulated utility, and the business has transitioned from roughly break-even results a few years ago to consistent, if modest, profitability. Earnings per share have been positive for several years, though they can fluctuate from year to year, reflecting the company’s small scale, regulatory timing, and financing structure. Overall, the income statement suggests a stable, slow-growing utility rather than a high-growth or highly cyclical business.

Balance Sheet

Balance Sheet The balance sheet looks like a typical capital‑intensive utility: a large base of physical assets, funded by a mix of debt and equity, with relatively little cash kept on hand. Assets have grown steadily, showing ongoing investment in infrastructure and acquisitions. Debt levels have risen only slightly and appear relatively stable compared to the asset base, suggesting a measured use of leverage rather than aggressive borrowing. Equity has been building gradually over time, which indicates retained profits and a slow strengthening of the company’s financial foundation. The main balance sheet risk is the dependence on continuous infrastructure spending, which requires ongoing access to financing and supportive regulation.

Cash Flow

Cash Flow Cash flow from operations is consistently positive and has generally improved, which is important for a utility that relies on steady bill payments from customers. However, free cash flow often sits around breakeven or slightly negative because the company spends heavily on capital projects, such as pipes, plants, and technology. This pattern is common in regulated utilities: they invest today to support more customers and higher allowed returns in the future. The key point is that day‑to‑day operations fund a meaningful portion of the investment, but not all of it, so the company likely leans on debt or equity financing to bridge the gap. The sustainability of this model depends on maintaining stable cash generation and continued regulatory support for recovering these investments through rates.

Competitive Edge

Competitive Edge Global Water Resources operates in a strongly protected niche: regulated water and wastewater services in fast‑growing, water‑scarce areas of Arizona. Regulation and the high cost of infrastructure create natural barriers to entry, making competition limited within each service territory. The company’s “Total Water Management” approach, which integrates drinking water, wastewater, and recycled water, provides a clear point of differentiation and aligns well with long‑term water scarcity and conservation needs in the region. Its use of smart meters and recycled water infrastructure adds an additional layer of advantage versus more traditional utilities. Growth opportunities mainly come from population expansion in its service areas and the acquisition of smaller systems, but this also brings integration risk and continued dependence on development trends and regulatory decisions in Arizona.

Innovation and R&D

Innovation and R&D Instead of a traditional lab‑style R&D program, Global Water Resources focuses on continuous, practical innovation in how it manages water. Its hallmark “Total Water Management” model is itself an innovation, combining potable water, wastewater, and recycled water into a single, coordinated system. The company has invested in smart metering technology and a dedicated recycled water (“purple pipe”) network, enabling leak detection, better data, and the ability to use treated water for irrigation and other non‑drinking uses. Future innovation is likely to be incremental but important: better treatment processes, more advanced analytics to predict leaks and failures, and improved digital tools to engage customers on conservation. This type of innovation strengthens its environmental credentials and regulatory relationships, rather than creating flashy new products, and fits well with the long‑term nature of utility operations.

Summary

Overall, Global Water Resources looks like a small but steadily maturing regulated water utility with a clear strategic focus. Financially, it generates stable revenue and recurring profits, with a balance sheet and cash flow pattern typical of an infrastructure‑heavy business: solid operating cash inflows, offset by heavy and ongoing capital spending. Strategically, the company benefits from operating in a water‑scarce, growing region where conservation and reliability are critical, and its integrated “Total Water Management” model, smart metering, and recycled water systems give it a distinct identity among peers. Key strengths include regulatory protection, high barriers to entry, and alignment with long‑term sustainability trends. Key risks revolve around continued capital needs, reliance on constructive regulation, exposure to Arizona’s growth cycle, and integration execution on acquisitions. The story is one of steady, utility‑style growth with an environmental and technological angle, rather than rapid expansion or dramatic earnings swings.

NEWS

November 26, 2025 · 8:31 AM UTC

Global Water Resources Declares Monthly Dividend

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November 12, 2025 · 4:30 PM UTC

Global Water Resources Reports Third Quarter 2025 Results

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October 31, 2025 · 8:31 AM UTC

Global Water Resources Declares Monthly Dividend

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October 22, 2025 · 8:31 AM UTC

Global Water Resources Sets Third Quarter 2025 Conference Call for Thursday, November 13, 2025 at 1:00 p.m. ET

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September 30, 2025 · 8:31 AM UTC

Global Water Resources Declares Monthly Dividend

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