Short answer
Global Water Resources, Inc. (GWRS) filed its fiscal 2025 10-K annual report with the SEC on Mar 4, 2026. It reported revenue of $56M (+5.8% year over year) and net income of $3M.
- Top risk flagged: Regulatory risk from ACC rate case delaying decision until late 2026 with net annual revenue impact between -$7.1M and +$6.5M
FY2025 key financial metrics · XBRL
- Revenue
- $56M
- +5.8% YoY
- Net income
- $3M
- −48.9% YoY
- Operating margin
- 12.8%
- −4.9 pp YoY
- EPS (diluted)
- $0.11
- −54.2% YoY
- ROE
- 3.4%
- −8.7 pp YoY
- Operating cash flow
- $20M
- −7.4% YoY
Source: XBRL data from the Global Water Resources, Inc. (GWRS) FY2025 10-K on SEC EDGAR. USD.
Global Water Resources, Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: regulated water and wastewater utility services with revenue derived from rate-based infrastructure investments
- Class action lawsuit involvement in AFFF PFAS contamination MDL with $0.5M received in settlements through Feb 2026, payments expected through 2036 but immaterial
- Continued emphasis on capital infrastructure investments to expand “used and useful” rate base for earning regulated returns
- Significant production costs from labor, chemicals, and power with efforts to minimize cost volatility amid regulatory lag risks
- Limited geographic diversity heightens operational sensitivity to weather patterns and drought impacting water demand and revenue seasonality
Management Discussion & Analysis
- No segment performance or dollar amounts discussed
- Share purchases: 876 shares withheld at average prices $10.23 (Oct), $8.68 (Nov), $0 (Dec) totaling 876 shares in Q4 2025
- No management outlook, guidance, or risk discussion included
Risk Factors
- Regulatory risk from ACC rate case delaying decision until late 2026 with net annual revenue impact between -$7.1M and +$6.5M
- Geopolitical risk limited; main exposure Arizona state utility regulation by ACC impacting revenue recovery timing
- Operational risk from postponed ACC hearing from December 2025 to August 2026 delaying rate adjustments and cash flow improvements
- Competitive risk not specific; regulatory approvals critical to maintain competitive positioning in Arizona water market
- Financial risk from revenue variation of $-7.1M to +$6.5M affecting cash flows and financial condition due to ACC’s pending rulings
Generated from the filing text; verify against the original. How to read a 10-K
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