Filing Flows › Global Water Resources (GWRS) › Q3 2026 › vs Q2 2026
Global Water Resources (GWRS) Q3 2026 vs Q2 2026 (quarter over quarter)
Global Water Resources's revenue fell $1.5M (-8%) from $17.8M in Q2 2026 to $16.3M in Q3 2026. The biggest changes: Water service +$600K (+7%); Wastewater and recycled water service +$45K (+0.6%). Operating margin 14.7% against 25.4% (-10.7 pts).
Global Water Resources, Q3 2026: revenue $16.3M (+5% year over year), operating margin 14.7%, net earnings $1.0M, operating cash flow $6.9M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 14.7% | 25.4% | -10.7 pts |
| Net margin | 6.2% | 15.5% | -9.3 pts |
| Free cash flow margin | 0.1% | -11.0% | +11.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Water service | $9.0M | $8.4M | $600K | +7% |
| Wastewater and recycled water service | $7.3M | $7.3M | $45K | +0.6% |
| Revenue | $16.3M | $17.8M | −$1.5M | -8% |
| Operating profit | $2.4M | $4.5M | −$2.1M | -47% |
| Costs & expenses | $13.9M | $13.3M | $647K | +5% |
| Pre-tax earnings | $1.4M | $3.7M | −$2.4M | -63% |
| Other expense, net | $1.0M | $782K | $243K | +31% |
| General & admin | $4.8M | $4.3M | $483K | +11% |
| Other operating costs | $9.1M | $9.0M | $164K | +2% |
| Net earnings | $1.0M | $2.7M | −$1.7M | -63% |
| Income tax | $363K | $977K | −$614K | -63% |
| Depreciation & amortization | $4.6M | $4.4M | $233K | +5% |
| Share-based compensation | $257K | $229K | $28K | +12% |
| Working capital & other | $1.0M | −$2.7M | $3.7M | — |
| Operating cash flow | $6.9M | $4.7M | $2.2M | +48% |
| Free cash flow (OCF − capex) | $23K | −$2.0M | $2.0M | — |
| Capital expenditures | $6.9M | $6.6M | $255K | +4% |
Questions
How much did Global Water Resources's revenue grow quarter over quarter in Q3 2026?
Global Water Resources's revenue fell $1.5M (-8%) from $17.8M in Q2 2026 to $16.3M in Q3 2026.
What drove Global Water Resources's revenue change in Q3 2026?
Water service +$600K (+7%); Wastewater and recycled water service +$45K (+0.6%).