Filing Flows › Global Water Resources (GWRS) › Q1 2025
Global Water Resources (GWRS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
Global Water Resources (GWRS) reported revenue of $12.5M for the first quarter 2025 (Q1 2025), +7% from a year earlier and -6% from the quarter before. Operating margin was 10.1%, net earnings $591K (4.7% of revenue).
Global Water Resources, Q1 2025: revenue $12.5M (+7% year over year), operating margin 10.1%, net earnings $591K, operating cash flow $7.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.5M | -6% | +7% |
| Operating profit | $1.3M | -5% | -0.9% |
| Net earnings | $591K | +33% | -14% |
| Operating cash flow | $7.5M | +25% | -7% |
What changed
Revenue was $12.5M in Q1 2025, up 7% year over year and down 6% from the previous quarter. Wastewater and recycled water service was the largest line at 52% of revenue. Water service added $754K year over year (up 14%), 89% of the total change.
Operating profit was $1.3M, a 10.1% margin (down 0.8 points year over year). Operating profit fell $12K even though revenue rose $847K versus a year earlier, so costs grew faster than sales. Total costs grew 8% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+13%). Net earnings were $591K, down 14% year over year. The effective tax rate was 23.6%.
Operating cash flow was $7.5M (down 7% year over year), 1265% of net earnings. Non-cash charges added back $3.3M of depreciation and amortization and $174K of share-based compensation. Working capital and other items added $3.4M. Capital expenditures of $15.2M exceeded it, leaving free cash flow of −$7.7M.
Questions
What was Global Water Resources' revenue in the first quarter 2025?
Global Water Resources (GWRS) reported revenue of $12.5M for the first quarter 2025 (Q1 2025), +7% from a year earlier and -6% from the quarter before.
Was Global Water Resources profitable in the first quarter 2025?
Operating profit was $1.3M (10.1% of revenue) and net earnings $591K.