The significant drop in net income despite revenue growth suggests margin pressure from capital investments. Traders should monitor the outcome of the rate case hearings starting in August 2026, as approval of the requested $4.3 million revenue increase could significantly improve profitability. The company's reduced pace of capital investments in 2026 may help stabilize earnings.
Price Chart
Executive Summary
Global Water Resources reported full-year 2025 results with revenue growth of 5.8% to $55.8 million, driven by acquisitions and organic growth. However, net income dropped 48.9% to $3.0 million due to increased depreciation and a $1.3 million loss on asset disposals from capital investments. The company secured a $15 million term loan and is pursuing rate case approvals for $4.3 million in additional annual revenue.
Key Financial Metrics
Key Facts
- Revenue increased 5.8% YoY to $55.8 million
- Net income decreased 48.9% YoY to $3.0 million ($0.11 per share)
- Adjusted EBITDA decreased 0.7% YoY to $26.5 million
- Completed acquisition of seven water systems from Tucson Water
- Invested $67.3 million in capital improvements
- Secured $15 million term loan at 5.49% fixed interest rate
- Requested $4.3 million net annual revenue increase in rate case
Financial Impact
Revenue increased by $3.1 million while net income decreased by $2.8 million
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Water service | $28.6M | +9.8% |
| Wastewater and recycled water service | $27.1M | +2.0% |
Risk Factors
- Continued margin pressure from high capital expenditures
- Uncertainty around rate case approval for additional revenue
- Increased depreciation and interest expenses impacting profitability
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-014666 |
| Document: gwrs-20260304.htm | 0001628280-26-014666 |
| Document: 0001628280-26-014666-index-headers.html | 0001628280-26-014666 |
| Document: 0001628280-26-014666-index.html | 0001628280-26-014666 |
| Document: 0001628280-26-014666.txt | 0001628280-26-014666 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 21, 2026 5w ago | Insider Cluster | $9.36 $8.29 | ▼ −11.43% | ▼ −12.75% | $8.13 (−13.14%) |
Aug 13, 2026 7w ago | Press Release | $8.89 $8.71 | ▼ −2.02% | ▼ −0.28% | $8.13 (−8.55%) |
Jul 31, 2026 9w ago | Press Release | $7.16 $9.13 | ▲ +27.51% | ▲ +24.53% | $8.13 (+13.55%) |
May 29, 2026 18w ago | Press Release | $7.29 $7.25 | ▼ −0.55% | ▲ +1.25% | $8.13 (+11.52%) |
May 22, 2026 18w ago | Insider Cluster | $7.73 $7.07 | ▼ −8.54% | ▼ −6.59% | $8.13 (+5.17%) |
May 22, 2026 18w ago | Insider Cluster | $7.73 $7.07 | ▼ −8.54% | ▼ −6.59% | $8.13 (+5.17%) |
May 18, 2026 19w ago | Press Release | $6.80 $6.85 | ▲ +0.74% | ▼ −0.25% | $8.13 (+19.56%) |
May 13, 2026 20w ago | 8-K | $6.94 $7.01 | ▲ +1.01% | ▲ +1.87% | $8.13 (+17.23%) |
May 4, 2026 21w ago | 8-K | $7.06 $7.38 | ▲ +4.53% | ▼ −1.11% | $8.13 (+15.16%) |
Apr 30, 2026 22w ago | 8-K | $7.11 $7.40 | ▲ +4.08% | ▼ −0.89% | $8.13 (+14.35%) |
US Market Status
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