Filing Flows › Global Water Resources (GWRS) › Q4 2025
Global Water Resources (GWRS) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 4, 2026
Global Water Resources (GWRS) reported revenue of $13.5M for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and -13% from the quarter before. Operating margin was 2.7%, net loss $963K (7.1% of revenue).
Global Water Resources, Q4 2025: revenue $13.5M (+2% year over year), operating margin 2.7%, net loss $963K, operating cash flow $2.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.5M | -13% | +2% |
| Operating profit | $359K | -88% | — |
| Net earnings | −$963K | -156% | — |
| Operating cash flow | $2.7M | -69% | -55% |
What changed
Revenue was $13.5M in Q4 2025, up 2% year over year and down 13% from the previous quarter. Water service was the largest line at 50% of revenue.
Operating profit was $359K, a 2.7% margin (down 7.3 points year over year). Operating profit fell $1.0M even though revenue rose $290K versus a year earlier, so costs grew faster than sales. Total costs grew 10% against revenue growth of 2%. The fastest-growing cost line was Other operating costs (+20%). The quarter ended with a net loss of $1.0M, after a profit of $1.7M the previous quarter. Net interest and other expense of $1.7M was the main reason.
Operating cash flow was $2.7M (down 55% year over year). Non-cash charges added back $4.5M of depreciation and $146K of share-based compensation. Working capital and other items used $1.0M. Capital expenditures of $17.7M exceeded it, leaving free cash flow of −$15.0M.
Questions
What was Global Water Resources' revenue in the fourth quarter 2025?
Global Water Resources (GWRS) reported revenue of $13.5M for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and -13% from the quarter before.
Was Global Water Resources profitable in the fourth quarter 2025?
Operating profit was $359K (2.7% of revenue) and net loss $963K.