GWRS earnings analysis
What we found in GWRS's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Q2 2026 revenue of $17.767 million increased approximately 34% sequentially from $13.3 million and 27% year over year from $14 million. Diluted EPS improved to $0.04 from a $0.01 loss in Q1, although it remained below the $0.06 reported in Q2 2025. The extracted filing text does not provide current gross margin, operating margin, free cash flow, balance-sheet, segment, or cash-flow figures, and contains no quantitative guidance. Management reported no material changes to the risk factors in the 2025 Form 10-K.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Rebounded Strongly
- Revenue was $17.767 million, up from $13.3 million in Q1 2026 and approximately 27% from the $14 million reported in Q2 2025.
- Returned to Positive EPS
- Diluted EPS was $0.04, improving from a $0.01 loss in Q1 2026 but below the $0.06 reported in Q2 2025. EPS exceeded the $0.03 estimate by $0.01.
- Share Withholding Was Limited
- The company withheld 14,540 shares during May 2026 at an average price of $7.06 per share to satisfy employee and board-member tax obligations related to restricted-stock vesting.
- No Equity Issuance or Buyback
- No unregistered securities were sold during the three months ended June 30, 2026, and no shares were repurchased under a publicly announced plan.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Existing Risks Remain Unchanged
- Management stated that there have been no material changes to the risk factors included in the 2025 Form 10-K; therefore, the filing does not identify a new quantified risk-factor development.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.04
What they said about what is next.
No quantitative guidance or outlook was provided in the extracted filing text; the filing states there have been no material changes to the risk factors in the 2025 Form 10-K.
The filing reads better than the one before it.
What came before.
- 10-Q · May 13, 2026
- Global Water Resources, Inc. reported Q1 2026 results with revenue of $13.3 million, a 6.7% increase YoY but below estimates. EPS loss was $0.01, an improvement compared to the expected loss of $0.02. The company…
- 10-K · March 4, 2026
- Global Water Resources (GWRS) positions itself as a Total Water Management utility operator focused on water-scarce, high-growth areas in Arizona, operating 39 utility systems and serving more than 121,000 people in…
- 10-Q · August 13, 2025
- Global Water Resources reported Q2 2025 revenue of $14,241,000 (up $731,000 or +5.4% vs Q2 2024) and diluted EPS of $0.06 (down $0.01 vs Q2 2024). Operating income declined to $2,620,000 (down $177,000 vs prior year)…
- 10-Q · May 14, 2025
- Global Water Resources reported Q1 2025 revenue of $12,457,000 (up $847,000 or +7.3% vs Q1 2024) and diluted EPS of $0.02 (down $0.01 vs Q1 2024). Operating income was essentially flat at $1,255,000, producing an…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing GWRS makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever