Global Water Resources (GWRS) financial statements
Global Water Resources reported revenue of $56M in fiscal 2025, up 7.2% a year over 9 years.
Net income was $3M and the operating margin 12.8%, against 19.5% in 2016.
Free cash flow was -$47M, and the company returned $8M in dividends.
The diluted share count rose 41% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Global Water Resources's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $30M | $31M | $36M | $35M | $39M | $42M | $45M | $53M | $53M | $56M |
| Selling, general and admin | $10M | $9M | $11M | $11M | $13M | $15M | $16M | $17M | $17M | $18M |
| Operating income | $6M | $7M | $9M | $7M | $7M | $7M | $8M | $12M | $9M | $7M |
| Interest expense | $12M | $5M | $5M | $5M | $5M | $5M | $4M | $5M | $6M | $6M |
| Pre-tax income | -$4M | $4M | $5M | $3M | $2M | $5M | $6M | $11M | $8M | $4M |
| Income tax | -$1M | -$601,000 | $2M | $1M | $771,000 | $1M | $934,000 | $3M | $2M | $1M |
| Net income | -$3M | $5M | $3M | $2M | $1M | $4M | $6M | $8M | $6M | $3M |
| EPS (diluted) | -$0.13 | $0.23 | $0.15 | $0.10 | $0.05 | $0.16 | $0.24 | $0.33 | $0.24 | $0.11 |
| Diluted shares | 19M | 20M | 21M | 22M | 23M | 23M | 23M | 24M | 24M | 27M |
| Operating margin | 19.5% | 23.5% | 26.1% | 19.6% | 19.0% | 16.7% | 17.5% | 23.2% | 17.8% | 12.8% |
| Net margin | -8.4% | 14.6% | 8.7% | 6.3% | 2.9% | 8.6% | 12.3% | 15.1% | 11.0% | 5.3% |
Balance sheet
Fiscal years, from Global Water Resources's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $20M | $5M | $13M | $8M | $18M | $13M | $7M | $3M | $9M | $4M |
| Receivables | $1M | $2M | $1M | $2M | $2M | $2M | $2M | $3M | $3M | $4M |
| Total current assets | $25M | $10M | $17M | $12M | $23M | $19M | $14M | $12M | $19M | $15M |
| Property, plant and equipment | $200M | $213M | $227M | $234M | $239M | $256M | — | — | — | — |
| Goodwill | $0 | $0 | $3M | $4M | $5M | $6M | $5M | $11M | $9M | $7M |
| Total assets | $239M | $239M | $262M | $266M | $283M | $294M | $323M | $361M | $405M | $483M |
| Total current liabilities | $11M | $9M | $10M | $10M | $12M | $17M | $16M | $14M | $22M | $19M |
| Long-term debt | $114M | $114M | $115M | $115M | $113M | $109M | $105M | $101M | $119M | $130M |
| Total liabilities | $224M | $224M | $235M | $241M | $251M | $264M | $279M | $312M | $358M | $396M |
| Shareholders' equity | $15M | $15M | $28M | $25M | $32M | $30M | $44M | $49M | $48M | $87M |
| Net debt | $94M | $109M | $102M | $107M | $95M | $100M | $102M | $102M | $113M | $130M |
Cash flow
Fiscal years, from Global Water Resources's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2M | $11M | $11M | $12M | $15M | $20M | $23M | $25M | $22M | $20M |
| Capital spending | $9M | $21M | $5M | $11M | $9M | $18M | $34M | $22M | $32M | $67M |
| Free cash flow | -$7M | -$10M | $7M | $379,000 | $5M | $2M | -$11M | $3M | -$11M | -$47M |
| Stock-based compensation | — | — | — | — | — | — | — | $1M | $1M | $861,000 |
| Dividends paid | $5M | $5M | $6M | $6M | $7M | $7M | $7M | $7M | $7M | $8M |
| Net borrowing | $8M | $0 | $140,000 | -$4,000 | -$22,000 | — | $0 | $2M | $18M | $11M |
| Free cash flow margin | -22.5% | -31.2% | 18.4% | 1.1% | 14.1% | 5.1% | -23.8% | 5.8% | -20.0% | -84.6% |
| Dividends per share | $0.26 | $0.27 | $0.28 | $0.29 | $0.29 | $0.29 | $0.30 | $0.30 | $0.30 | $0.30 |
Questions
What was Global Water Resources's revenue in 2025?
$56M in fiscal 2025, from its 10-K filing.
How much free cash flow does Global Water Resources generate?
-$47M in fiscal 2025 (operating cash flow minus capital spending).
From Global Water Resources's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.