10-Q · May 11, 2026
Consolidated Water Co. Ltd. reported a decrease in revenue to $29.97 million for Q1 2026, down from $33.72 million in Q1 2025. The gross margin fell slightly to 36%, and diluted EPS decreased to $0.24 compared to $0.31…
Earnings analysis · 10-Q
CWCO earnings analysis
Filed August 10, 2026 · Our reading of the company's report
The latest report
The supplied 10-Q excerpt does not contain the income statement, balance sheet, cash-flow statement, segment results, or MD&A, so current-quarter revenue, margins, EPS, cash flow, and working-capital trends cannot be…
Read full summary
The supplied 10-Q excerpt does not contain the income statement, balance sheet, cash-flow statement, segment results, or MD&A, so current-quarter revenue, margins, EPS, cash flow, and working-capital trends cannot be assessed from the filing text provided. The principal disclosed concern is CW-Bahamas’ $18.8 million WSC receivable, of which approximately 64% was delinquent at June 30, 2026. Management also highlighted contract-cost estimation risk, while reporting no material change in market-risk exposure from December 31, 2025.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
What stood out
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Market-risk exposure unchanged
Management reported no material changes in exposure to market risk from December 31, 2025 through the end of the period covered by the report.
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Disclosure controls effective
Management concluded that disclosure controls and procedures were effective at the reasonable-assurance level as of the end of the period covered by the report.
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Employee equity issuance disclosed
The company issued 9,071 preferred shares to 130 employees for services rendered in June 2026; it also issued 82 preferred shares to 2 employees for cash at $25.13 per share.
What to watch
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Bahamas receivables remain delinquent
CW-Bahamas had $18.8 million of accounts receivable, including accrued interest, due from the WSC as of June 30, 2026, and approximately 64% was delinquent. Management stated it cannot determine when or if the delinquent balance will be reduced, creating potential liquidity, revenue-recognition, and credit-loss risks.
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Contract cost overruns may compress margins
The filing identifies a risk that construction, manufacturing, and operating costs may significantly exceed initial estimates. Contract profitability could be reduced because water-supply contracts may require guaranteed per-unit pricing while the company bears cost-overrun risk.
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Collection failure could impair results
If CW-Bahamas cannot collect a significant portion of delinquent receivables, the subsidiary may lack sufficient liquidity, the company may cease recognizing revenue on WSC water-supply agreements, or it may need to materially increase its allowance for credit losses.
Management's outlook
The supplied 10-Q text does not include quantitative revenue or EPS guidance, nor an MD&A outlook. No material changes in market-risk exposure were reported from December 31, 2025 through the period end.
Earlier filings 4
10-K · March 16, 2026
Consolidated Water reports a broadly diversified water business with retail (26%), bulk (25%), services (35%) and manufacturing (14%) contributing to 2025 revenue. FY2025 revenue was roughly flat vs. 2024 at about…
10-Q · November 14, 2024
Consolidated Water reported Q3 revenue of $33,390,557 and diluted EPS from continuing operations of $0.31. Revenue and continuing-operations net income fell materially versus Q3 2023 (revenue down from $49,854,075;…
10-Q · May 15, 2024
Consolidated Water reported a strong quarter: revenue rose to $39,689,390 (Q1 2024) from $32,868,990 (Q1 2023) and gross profit increased to $13,878,023 (35% of revenue) from $10,559,082 (32%). Net income from…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.