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MARKETS / NASDAQ / GWRS
NASDAQ · WATER SUPPLY · SMALL CAP

Global Water Resources, Inc. GWRS

13 fiscal years on record · USD · FY2025 reported · SEC filings only
$55.8M
▲ 5.8% YoY
$3.0M
▼ 48.9% YoY
$-47.2M
In brief

What this company does

GWRI is a water resource management company that owns, operates, and manages thirty-nine water, wastewater, and recycled water public utility systems in strategically located communities, principally in metropolitan Phoenix and Tucson, Arizona. Serving more than 121,000 people in approximately 40,000 homes within the Company's 418 square miles of ACC-designated service areas as of December 31, 2025, the Company provides water and wastewater utility service under the regulatory authority of the ACC. As of December 31, 2025, we employed 126 full-time individuals and 3 part-time employees. Global Water Resources, LLC (“GWR”) was organized in 2003 to acquire, own, and manage a portfolio of water and wastewater utilities in the southwestern region of the United States (“U.S.”). In early 2010, the members of GWR made the decision to raise money through the capital markets, and GWR and GWM were reorganized to form Global Water Resources, Inc., a Delaware corporation.

Written from the business description in Global Water Resources, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 4 March 2026. Every sentence was checked against that document before publication.

Growth
USD 55.8M
Revenue, FY2025 · full 13-year series below
Revenue $M Net income $M
FY2025 · Revenue 55.8 · Net income 3.0
25.0M50.0M2007201520172019202120232025
Compound annual growth
+7.6%
+7.6%
+5.7%
−18.7%
+21.8%
−17.9%
−22.9%
+17.1%
−21.1%
+0.0%
+0.7%
−14.5%
+6.0%
+4.6%
−11.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +7.6% a year over five years — but profit grew faster: net income at +21.8%, earnings per share at +17.1%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
5 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 12.8% · Net 5.3%
50%100%150%2007201520172019202120232025
ROE
FY2025 · ROE 4.4%
100%200%2007201520172019202120232025

Each USD of equity produced 4 cents of profit this year.

Cash & shareholders
USD 8.2M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -47.2
4M8M-20M-40M2007201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 8.2 · Net buybacks —
10M20M2014201620182020202220242025

USD 8.2M in dividends — 277% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 482.9M
EquityUSD 86.6M
CashUSD 4.1M
Gross debtUSD 133.7M
Net debtUSD 129.6M
Current ratio0.76×

Net debt stands at 150% of equity.

The 13-year record
13 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142007
Revenue $B0.10.10.10.00.00.00.00.00.00.00.00.00.0
Operating income $B0.00.00.00.00.00.00.00.00.00.00.00.1·
EBITDA $B0.00.00.00.00.00.00.00.00.00.00.00.1·
Income tax $B0.00.00.00.00.00.00.00.0−0.0−0.00.0−0.0·
Net income $B0.00.00.00.00.00.00.00.00.0−0.00.00.1·
Free cash flow $B−0.0−0.00.0−0.00.00.00.00.0−0.0−0.00.00.0·
EPS, diluted $0.110.240.330.240.160.050.100.150.23−0.131.173.54·
Dividend / sh $0.300.300.300.300.290.290.290.260.260.261.430.20·
Payout %27712690125183592277187119−2001295·
ROE %4.412.017.214.811.63.98.514.530.5−14.389.5234.6·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 47 reconciliationsAUDITED

Reconciled in 13 of 19 fiscal years. 29 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityWater Supply
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2007

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