Global Water Resources Inc (GWRS) financial statements: income statement, balance sheet and cash flow
Global Water Resources Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Global Water Resources Inc reported revenue of $55.8M (+5.8% year on year) and net income of $3.0M (-48.9% year on year).
Income statement
Global Water Resources Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Total revenue
$55.8M
$52.7M
$53.0M
$44.7M
Operations and maintenance
$15.7M
$13.7M
$12.7M
$10.9M
General and administrative
$17.9M
$16.9M
$16.6M
$16.1M
Depreciation, amortization and accretion
$15.0M
—
—
—
Total operating expenses
$48.6M
$43.3M
$40.7M
$36.9M
Operating Income
$7.2M
$9.4M
$12.3M
$7.8M
Interest income
$446.0K
$946.0K
$52.0K
$65.0K
Interest expense
($6.0M)
($6.1M)
($4.9M)
($4.0M)
Other, net
$2.3M
$3.6M
$2.4M
$2.6M
Total other expense
($3.2M)
($1.5M)
($1.4M)
($1.4M)
Income Before Income Taxes
$4.0M
$7.9M
$10.9M
$6.4M
Income Tax Expense
($1.0M)
($2.1M)
($2.9M)
($934.0K)
Net Income
$3.0M
$5.8M
$8.0M
$5.5M
Basic earnings per common share (in dollars per share)
$0.11
$0.24
$0.33
$0.24
Diluted earnings per common share (in dollars per share)
$0.11
$0.24
$0.33
$0.24
Dividends declared per common share (in dollars per share)
$0.30
$0.30
$0.30
$0.30
Basic (in shares)
27.0M
24.2M
24.0M
23.2M
Diluted (in shares)
27.1M
24.3M
24.1M
23.3M
Global Water Resources Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Total revenue
$17.8M
$13.3M
$15.5M
$14.2M
Operations and maintenance
$4.6M
$4.2M
$4.1M
$3.9M
General and administrative
$4.3M
$4.5M
$4.9M
$4.4M
Depreciation, amortization and accretion
$4.4M
$4.3M
—
—
Total operating expenses
$13.3M
$12.9M
$12.6M
$11.6M
Operating Income
$4.5M
$389.0K
$2.9M
$2.6M
Interest income
$46.0K
$39.0K
$45.0K
$216.0K
Interest expense
($1.7M)
($1.6M)
($1.5M)
($1.5M)
Other, net
$862.0K
$751.0K
$880.0K
$889.0K
Total other expense
($782.0K)
($860.0K)
($565.0K)
($391.0K)
Income Before Income Taxes
$3.7M
($471.0K)
$2.4M
$2.2M
Income tax expense
($977.0K)
$105.0K
($640.0K)
($617.0K)
Net Income
$2.7M
($366.0K)
$1.7M
$1.6M
Basic earnings per common share (in dollars per share)
$0.10
-$0.01
$0.06
$0.06
Diluted earnings per common share (in dollars per share)
$0.10
-$0.01
$0.06
$0.06
Dividends declared per common share (in dollars per share)
$0.08
$0.08
$0.08
$0.08
Basic (in shares)
28.8M
28.8M
27.5M
27.5M
Diluted (in shares)
28.8M
28.8M
27.5M
27.5M
Balance sheet
Global Water Resources Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Utility Plant
$610.8M
$513.0M
—
—
Less: accumulated depreciation
($168.9M)
($153.6M)
($142.4M)
($124.5M)
Net utility plant
$441.9M
$359.4M
$323.3M
$287.7M
Cash and cash equivalents
$4.1M
$9.0M
$3.1M
$6.6M
Accounts receivable, net of allowance for credit losses of $244 and $163, respectively
$3.7M
$3.2M
$2.8M
$2.1M
Unbilled revenue
$3.4M
$3.1M
$2.8M
$2.6M
Prepaid expenses and other current assets
$3.4M
$4.1M
$2.5M
$2.4M
Total current assets
$14.6M
$19.5M
$11.7M
$14.2M
Goodwill
$6.5M
$9.5M
$10.8M
$5.0M
Intangible assets, net
$6.1M
$8.4M
$8.8M
$10.1M
Regulatory assets
$7.0M
$4.0M
$2.9M
$3.2M
Restricted cash
$2.8M
$2.1M
$1.7M
$1.0M
Right-of-use assets, net
$4.0M
$2.2M
$1.7M
$1.9M
Other noncurrent assets
$117.0K
$78.0K
$74.0K
$34.0K
Total other assets
$26.4M
$26.3M
$26.1M
$21.2M
Total Assets
$482.9M
$405.1M
$361.1M
$323.1M
Common stock, $0.01 par value, 60,000,000 shares authorized; 29,116,183 and 24,570,994 shares issued, respectively
285.0K
240.0K
240.0K
239.0K
Treasury stock, 359,329 and 344,978 shares, respectively
-2.0K
-2.0K
-2.0K
-2.0K
Additional paid-in capital
$87.3M
$47.4M
$47.6M
$44.2M
Retained deficit
($961.0K)
$0
$797.0K
$0
Total shareholders’ equity
$86.6M
$47.6M
$48.6M
$44.4M
Long-term debt, net
$129.8M
$118.5M
$101.3M
$104.9M
Total Capitalization
$216.4M
$166.1M
—
—
Accounts payable
$2.3M
$2.1M
$1.0M
$2.2M
Customer and meter deposits
$1.7M
$1.6M
$1.6M
$1.7M
Long-term debt, current portion
$3.9M
$3.9M
$3.9M
$3.8M
Leases, current portion
$850.0K
$871.0K
$553.0K
$505.0K
Accrued expenses and other current liabilities
$10.5M
$13.8M
$7.1M
$8.1M
Total current liabilities
$19.2M
$22.3M
$14.2M
$16.2M
Long-term lease liabilities
$3.7M
$1.4M
$1.4M
$1.6M
Deferred revenue - ICFA
$22.8M
$21.5M
$19.7M
$21.0M
Regulatory liabilities
$5.2M
$5.4M
$6.1M
$6.4M
Advances in aid of construction
$155.4M
$126.5M
$111.5M
$93.7M
Contributions in aid of construction, net
$37.9M
$36.8M
$36.4M
$26.4M
Deferred income tax liabilities, net
$9.7M
$9.7M
$8.3M
$5.9M
Other noncurrent liabilities
$12.6M
$15.4M
$8.2M
$755.0K
Total other liabilities
$247.3M
$216.8M
$298.3M
$262.4M
Total Capitalization and Liabilities
$482.9M
$405.1M
$361.1M
$323.1M
Global Water Resources Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Utility Plant
$623.6M
$618.8M
$591.9M
$562.3M
Less: accumulated depreciation
($177.8M)
($173.4M)
($164.4M)
($160.5M)
Net utility plant
$445.8M
$445.4M
$427.5M
$401.7M
Cash and cash equivalents
$1.5M
$1.8M
$15.3M
$10.2M
Accounts receivable, net of allowance for credit losses of $— and $244, respectively
$3.7M
$3.4M
$3.8M
$3.8M
Unbilled revenue
$4.1M
$3.5M
$3.7M
$3.8M
Prepaid expenses and other current assets
$2.4M
$4.7M
$2.3M
$4.0M
Total current assets
$11.8M
$13.4M
$25.0M
$21.8M
Goodwill
$6.5M
$6.5M
$6.5M
$6.3M
Intangible assets, net
$5.9M
$5.9M
$8.5M
$8.5M
Regulatory assets
$7.0M
$6.8M
$7.0M
$7.0M
Restricted cash
$3.4M
$3.1M
$2.3M
$2.2M
Right-of-use assets, net
$3.6M
$3.8M
$3.7M
$1.8M
Other noncurrent assets
$117.0K
$117.0K
$118.0K
$113.0K
Total other assets
$26.6M
$26.3M
$28.1M
$25.8M
Total Assets
$484.2M
$485.1M
$480.7M
$449.4M
Common stock, $0.01 par value, 60,000,000 shares authorized; #N/A and 29,116,183 shares issued, respectively
286.0K
286.0K
286.0K
273.0K
Treasury stock, #N/A and 359,329 shares, respectively
-2.0K
-2.0K
-2.0K
-2.0K
Additional paid-in capital
$85.3M
$85.3M
$89.3M
$76.5M
Retained deficit
($768.0K)
($1.3M)
$0
$0
Total shareholders’ equity
$84.8M
$84.2M
$89.6M
$76.7M
Long-term debt, net
$127.8M
$129.7M
$116.8M
$116.8M
Total Capitalization
$212.7M
$214.0M
$206.4M
$193.5M
Accounts payable
$1.0M
$1.4M
$933.0K
$986.0K
Customer and meter deposits
$1.7M
$1.7M
$1.6M
$1.7M
Long-term debt, current portion
$3.9M
$3.9M
$3.9M
$3.9M
Leases, current portion
$638.0K
$843.0K
$793.0K
$892.0K
Accrued expenses and other current liabilities
$9.9M
$12.0M
$13.9M
$12.5M
Total current liabilities
$17.2M
$19.8M
$21.2M
$20.0M
Revolver borrowings
$5.8M
$1.0M
$6.8M
—
Long-term lease liabilities
$3.5M
$3.5M
$3.6M
$1.6M
Deferred revenue - ICFA
$21.9M
$23.0M
$22.5M
$22.4M
Regulatory liabilities
$5.2M
$5.2M
$5.4M
$5.4M
Advances in aid of construction
$155.7M
$157.2M
$153.5M
$145.9M
Contributions in aid of construction, net
$39.9M
$37.4M
$38.4M
$37.6M
Deferred income tax liabilities, net
$9.8M
$9.7M
$10.0M
$9.7M
Hook-up fee liabilities
$8.2M
$10.1M
—
—
Other noncurrent liabilities
$4.3M
$4.1M
$12.9M
$13.3M
Total other liabilities
$254.3M
$251.3M
$253.0M
$235.8M
Total Capitalization and Liabilities
$484.2M
$485.1M
$480.7M
$449.4M
Cash flow statement
Global Water Resources Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$3.0M
$5.8M
$8.0M
$5.5M
Depreciation, amortization and accretion
$15.0M
—
—
—
Share-based compensation
$861.0K
$1.0M
—
—
Deferred income tax expense
$58.0K
$1.5M
$2.4M
$1.4M
AFUDC-Equity
($1.2M)
—
—
—
Loss on disposal of fixed assets
$1.3M
$309.0K
—
—
Operating lease expense
$367.0K
—
—
—
Other adjustments
$254.0K
($767.0K)
—
—
Accounts receivable and other current assets
$85.0K
($2.0M)
—
—
Accounts payable and other current liabilities
$151.0K
($915.0K)
($635.0K)
($1.8M)
Other noncurrent assets
($195.0K)
$565.0K
$312.0K
$387.0K
Other noncurrent liabilities
$537.0K
$3.2M
$3.2M
$6.2M
Net cash provided by operating activities
$20.2M
$21.8M
$25.4M
$23.3M
Capital expenditures
($67.3M)
($32.3M)
($22.3M)
($34.0M)
Cash paid for acquisitions, net of cash acquired
($8.1M)
($150.0K)
($6.2M)
($180.0K)
Other cash flows used in investing activities
$0
($4.0K)
($40.0K)
($24.0K)
Net cash used in investing activities
($75.4M)
($32.5M)
($28.6M)
($34.2M)
Dividends paid
($8.2M)
($7.3M)
($7.2M)
($6.9M)
Advances and contributions in aid of construction
$6.2M
$10.6M
—
—
Refunds of advances for construction
($1.4M)
($1.4M)
($1.2M)
($1.1M)
Principal payments under finance lease
($401.0K)
($273.0K)
($525.0K)
$0
Proceeds from issuance of long-term debt
$15.2M
—
$2.3M
—
Repayments of long-term debt
($3.9M)
—
—
—
Revolver borrowings
$10.9M
$0
—
—
Revolver repayments
($10.9M)
($2.3M)
—
—
Issuance of common stock, net of issuance costs
$44.1M
$0
$2.7M
$14.8M
Financing costs of debt and equity transactions
($443.0K)
($418.0K)
—
$0
Other financing activities
($182.0K)
($51.0K)
$6.7M
—
Net cash provided by financing activities
$50.9M
$17.1M
$406.0K
$5.0M
Increase (Decrease) in cash, cash equivalents, and restricted cash
($4.3M)
$6.4M
($2.8M)
($5.9M)
Cash, cash equivalents, and restricted cash — Beginning of period
$6.8M
$4.8M
$7.6M
$13.4M
Cash and cash equivalents
$4.1M
$9.0M
$3.1M
$6.6M
Restricted cash
$2.8M
$2.1M
$1.7M
$1.0M
Total cash, cash equivalents, and restricted cash
$6.8M
$11.2M
$4.8M
$7.6M
Global Water Resources Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$2.4M
($366.0K)
$3.9M
$2.2M
Depreciation, amortization and accretion
$8.7M
$4.3M
—
—
Share-based compensation
$412.0K
$183.0K
$715.0K
$280.0K
Deferred income tax expense
$99.0K
$11.0K
$417.0K
$53.0K
AFUDC-Equity
($518.0K)
($277.0K)
($839.0K)
($556.0K)
Unregulated revenue
($2.1M)
—
—
—
Operating lease expense
$165.0K
$82.0K
$287.0K
$207.0K
Other adjustments
$247.0K
$55.0K
$162.0K
$103.0K
Accounts receivable and other current assets
$173.0K
($28.0K)
$712.0K
($1.2M)
Accounts payable and other current liabilities
($704.0K)
$266.0K
$2.0M
($261.0K)
Other noncurrent assets
$128.0K
$123.0K
($18.0K)
($77.0K)
Other noncurrent liabilities
$221.0K
$165.0K
($67.0K)
$1.5M
Net cash provided by operating activities
$9.2M
$4.5M
$17.5M
$8.8M
Capital expenditures
($12.9M)
($6.3M)
($49.6M)
($35.4M)
Net cash used in investing activities
($12.9M)
($6.3M)
($57.7M)
($35.4M)
Dividends paid
($4.4M)
($2.2M)
($6.0M)
($3.9M)
Advances and contributions in aid of construction
$2.9M
$1.4M
$5.5M
$3.0M
Refunds of advances for construction
($213.0K)
($213.0K)
($1.3M)
—
Principal payments under finance lease
($230.0K)
($114.0K)
—
—
Repayments of long-term debt
($2.0M)
—
—
—
Revolver borrowings
$10.1M
$2.3M
$7.2M
—
Revolver repayments
($4.3M)
($1.3M)
($350.0K)
$0
Issuance of common stock, net of issuance costs
$0
$0
$44.1M
$31.0M
Financing costs of debt and equity transactions
$0
$0
($299.0K)
($259.0K)
Other financing activities
($119.0K)
($37.0K)
($439.0K)
($331.0K)
Net cash provided by financing activities
$1.8M
($161.0K)
$46.7M
$27.8M
Increase (Decrease) in cash, cash equivalents, and restricted cash
($2.0M)
($2.0M)
$6.4M
$1.2M
Cash, cash equivalents, and restricted cash — Beginning of period