Global Water Resources, Inc.

NASDAQ•GWRS

CEO: Mr. Ron L. Fleming

Sector: Utilities

Industry: Regulated Water

Listing Date: 2016-04-28

Global Water Resources, Inc., a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water systems primarily in metropolitan Phoenix and Tucson, Arizona. It serves approximately 82,000 people in approximately 32,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.

Contact Information

21410 North 19th Avenue, Suite 220, Phoenix, AZ, 85027, United States

480-360-7775

www.gwresources.com

Market Cap

$211.65M

P/E (TTM)

67.3

21.4

Dividend Yield

4.1%

52W High

$11.39

52W Low

$7.12

52W Range

Rank45Top 56.8%

3.6

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 3.6 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$13.54M+0.00%

4-Quarter Trend

EPS

-$0.04+0.00%

4-Quarter Trend

FCF

-$15.00M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Revenue Growth Performance Revenue 55.758M USD, up 5.8% from 52.692M USD, driven by organic connection growth and recent water system acquisitions in Arizona.

Active Connection Expansion Active service connections reached 68,577, up 6.3% from 64,520, reflecting successful organic growth and strategic utility acquisitions in the Arizona region.

Strategic Utility Acquisitions Completed acquisition of seven water systems from City of Tucson for 8.1M USD, expanding footprint and adding 2,200 new service connections.

Risk Factors

Regulatory Lag Impact Rate case delays and unfavorable ACC staff recommendations could materially impact financial condition, cash flows, and ability to fund future infrastructure growth.

Water Supply Constraints Limited groundwater and surface water availability in Arizona may restrict future customer growth and negatively impact revenue and overall utility operations.

Operating Cost Volatility Rising costs for chemicals, power, and labor, combined with regulatory lag, may compress margins and reduce overall profitability for the company significantly.

Cybersecurity Threat Exposure As critical infrastructure operator, potential cyberattacks could disrupt operations, cause costly remediation, and damage reputation, impacting financial results and company liquidity.

Outlook

Rate Case Progress Pending general rate case for GW-Santa Cruz and GW-Palo Verde, with hearings scheduled for August 2026 to address future annual revenue requirements.

Infrastructure Investment Plan Capital improvement plan targets infrastructure repair, replacement, and redundancy to support growth and improve long-term operational efficiency and system reliability standards.

Strategic Growth Focus Continue pursuing acquisitions and forming partnerships with developers to expand service areas and deploy Total Water Management model across Arizona markets.

Peer Comparison

Revenue (TTM)

NFE

$1.78B

-27.2%

GNE

$483.28M

+13.1%

MNTK

$176.38M

+0.4%

Gross Margin (Latest Quarter)

MNTK

113.0%

-16.9pp

YORW

109.3%

-1.2pp

PCYO

68.4%

+4.7pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
YORW	$454.69M	22.6	8.5%	33.4%
CDZI	$430.72M	-12.8	-93.5%	70.9%
GNE	$384.34M	77.5	2.5%	2.2%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

2.8%

Moderate Growth

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:May 6, 2026

EPS:-

Revenue:$14.09M

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data