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Global Water Resources (GWRS) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 3, 2026 · Global Water Resources (GWRS) Q3 2026 earnings results →
Q3 2026 Revenue up 5% year over year to $16.3M · 6¢ of every $1 of revenue kept as net profit · operating margin 14.7%
Global Water Resources made $16.3M in Q3 2026 (+5% Y/Y): Water service $9.0M, Wastewater and recycled water service $7.3M. Operating margin 14.7%, net earnings $1.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $16.3M in Q3 2026, up 5% year over year and down 8% from the previous quarter. Water service was the largest line at 55% of revenue. Water service added $523K year over year (up 6%), 67% of the total change.
Operating profit was $2.4M, a 14.7% margin (down 4.1 points year over year). Operating profit fell $529K even though revenue rose $782K versus Q3 2025, so costs grew faster than sales. Total costs grew 10% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+19%). Net earnings were $1.0M, down 41% year over year. The effective tax rate was 26.5%.
Operating cash flow was $6.9M (down 20% year over year), 688% of net earnings. Non-cash charges added back $4.6M of depreciation and amortization and $257K of share-based compensation. Working capital and other items added $1.0M. Capital expenditures of $6.9M left free cash flow of $23K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 3, 2026 | $16.3M | +5% | 14.7% | $1.0M | $6.9M |
| Q2 2026 | 10-Q | Aug 13, 2026 | $17.8M | +25% | 25.4% | $2.7M | $4.7M |
| Q1 2026 | 10-Q | May 13, 2026 | $13.3M | +7% | 2.9% | −$366K | $4.5M |
| Q4 2025 | 10-K | Mar 4, 2026 | $13.5M | +2% | 2.7% | −$963K | $2.7M |
| Q3 2025 | 10-Q | Nov 12, 2025 | $15.5M | +8% | 18.8% | $1.7M | $8.6M |
| Q2 2025 | 10-Q | Aug 13, 2025 | $14.2M | +5% | 18.4% | $1.6M | $1.4M |
| Q1 2025 | 10-Q | May 14, 2025 | $12.5M | +7% | 10.1% | $591K | $7.5M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Global Water Resources
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. We seek to deploy an integrated approach, referred to as “Total Water Management.” Total Water Management is a comprehensive approach to water utility management that reduces demand on scarce non-renewable water sources and costly renewable water supplies, in a manner that ensures sustainability and greatly benefits communities both environmentally and economically. This approach employs a series of principles and practices that can be tailored to each community:
In its own words, from its 10-K, filed Mar 4, 2026.
Global Water Resources against its Water Supply peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +5% against the peers' median +5%. Operating margin: 14.7% against the peers' median 28.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| GWRS Global Water Resources | Q3 2026 | $16.3M | +5% | 14.7% |
| AWK American Water Works Company | Q3 2026 | $1.5B | +4% | 42.5% |
| WTRG Essential Utilities | Q3 2026 | $508M | +7% | 37.9% |
| CWT California Water Service | Q3 2026 | $331M | +5% | 25.0% |
| HTO H2O America | Q3 2026 | $250M | +4% | 24.2% |
| AWR American States Water | Q3 2026 | $193M | +5% | 35.0% |
| MSEX Middlesex Water | Q3 2026 | $60.2M | +11% | 37.0% |
| CWCO Consolidated Water | Q2 2026 | $32.9M | -2% | 11.4% |
| ARTNA Artesian Resources | Q2 2026 | $30.7M | +7% | 28.1% |
Source: Global Water Resources 10-Q on SEC EDGAR · CIK 1434728 · Water Supply
Guidance and outlook
13F: who owns GWRS and who is buying
More on GWRS
- How Global Water Resources makes money: revenue by segment
- Global Water Resources next earnings date and what analysts expect
- Global Water Resources stock forecast, price target and fair value
- Who owns Global Water Resources stock: holders, funds and Congress trades
- Global Water Resources guidance and outlook
- Global Water Resources recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Global Water Resources guidance history: guided vs reported
- Global Water Resources operating margin by quarter
- Global Water Resources net income by quarter
- Global Water Resources capital expenditures by quarter
- Global Water Resources Water service revenue by quarter
- Global Water Resources Wastewater and recycled water service revenue by quarter