Filing Flows › Global Water Resources (GWRS) › Q2 2025
Global Water Resources (GWRS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 13, 2025
Global Water Resources (GWRS) reported revenue of $14.2M for the second quarter 2025 (Q2 2025), +5% from a year earlier and +14% from the quarter before. Operating margin was 18.4%, net earnings $1.6M (11.3% of revenue).
Global Water Resources, Q2 2025: revenue $14.2M (+5% year over year), operating margin 18.4%, net earnings $1.6M, operating cash flow $1.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.2M | +14% | +5% |
| Operating profit | $2.6M | +109% | -6% |
| Net earnings | $1.6M | +173% | -7% |
| Operating cash flow | $1.4M | -82% | -75% |
What changed
Revenue was $14.2M in Q2 2025, up 5% year over year and up 14% from the previous quarter. Water service was the largest line at 52% of revenue. Water service added $700K year over year (up 10%), 96% of the total change.
Operating profit was $2.6M, a 18.4% margin (down 2.3 points year over year). Operating profit fell $177K even though revenue rose $731K versus a year earlier, so costs grew faster than sales. Total costs grew 8% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $1.6M, down 7% year over year. The effective tax rate was 27.7%.
Operating cash flow was $1.4M (down 75% year over year), 84% of net earnings. Non-cash charges added back $3.3M of depreciation and amortization and $106K of share-based compensation. Working capital and other items used $3.7M. Capital expenditures of $20.2M exceeded it, leaving free cash flow of −$18.8M.
Questions
What was Global Water Resources' revenue in the second quarter 2025?
Global Water Resources (GWRS) reported revenue of $14.2M for the second quarter 2025 (Q2 2025), +5% from a year earlier and +14% from the quarter before.
Was Global Water Resources profitable in the second quarter 2025?
Operating profit was $2.6M (18.4% of revenue) and net earnings $1.6M.