Filing Flows › Global Water Resources (GWRS) › Q1 2026
Global Water Resources (GWRS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Global Water Resources (GWRS) reported revenue of $13.3M for the first quarter 2026 (Q1 2026), +7% from a year earlier and -2% from the quarter before. Operating margin was 2.9%, net loss $366K (2.8% of revenue).
Global Water Resources, Q1 2026: revenue $13.3M (+7% year over year), operating margin 2.9%, net loss $366K, operating cash flow $4.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.3M | -2% | +7% |
| Operating profit | $389K | +8% | -69% |
| Net earnings | −$366K | — | -162% |
| Operating cash flow | $4.5M | +66% | -40% |
What changed
Revenue was $13.3M in Q1 2026, up 7% year over year and down 2% from the previous quarter. Wastewater and recycled water service was the largest line at 50% of revenue. Water service added $626K year over year (up 10%), 76% of the total change.
Operating profit was $389K, a 2.9% margin (down 7.1 points year over year). Operating profit fell $866K even though revenue rose $829K versus Q1 2025, so costs grew faster than sales. Total costs grew 15% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+20%). The quarter ended with a net loss of $366K, narrower than the previous quarter's $1.0M loss. Net interest and other expense of $860K was the main reason.
Operating cash flow was $4.5M (down 40% year over year). Non-cash charges added back $4.3M of depreciation and amortization and $183K of share-based compensation. Working capital and other items added $397K. Capital expenditures of $6.3M exceeded it, leaving free cash flow of −$1.8M.
Questions
What was Global Water Resources' revenue in the first quarter 2026?
Global Water Resources (GWRS) reported revenue of $13.3M for the first quarter 2026 (Q1 2026), +7% from a year earlier and -2% from the quarter before.
Was Global Water Resources profitable in the first quarter 2026?
Operating profit was $389K (2.9% of revenue) and net loss $366K.