Global Water Resources, Inc.
GWRS · Water Supply · 28.8M shares · +2%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: -$565K (gross $464K, SBC $1M)
Reference price $6.89 · est. market cap ~$198M — last insider purchase, 2026-05-20 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D43Regulated water utility with steady operating cash generation but very weak returns and heavy capex-driven negative free cash flow.
Strengths
- Strong OCF margin of 36% (67th pct) typical of a regulated utility with stable demand
- Positive net margin and revenue growth near sector median (~50th pct)
Risks
- Bottom-quartile returns (ROA 0.6%, ROE 3.4%) and net income down 49% (8th pct)
- High leverage (D/E 1.5, 90th pct) and deeply negative FCF (-$47M) from capex; reported cash runway only 0.3 quarters
Notable findings
- Cash burnNegative free cash flow (-47.2M)
- Weak liquidityCurrent ratio 0.76 (<1)
- Insider buyingInsider buying — 8 open-market buy(s) by 4 insider(s) (cluster of 4 insiders, ~$221,848, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
12.8%
Net margin
5.3%
Return on equity
3.4%
Return on assets
0.6%
ROIC
2.6%
Revenue growth (QoQ)
-1.9%
Net-income growth
-48.9%
Debt / equity
1.5×
Net debt / EBITDA
5.7×
Current ratio
0.8×
Free cash flow
-$47M
EBITDA
$22M
Tangible book value
$74M
Cash & investments
$4M
Cash runway
0q
Stock comp / revenue
1.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-20 | Levine Jonathan L | Grant | 1.0K | $6.97 |
| 2026-05-20 | Alexander Richard M | Grant | 1.9K | $6.97 |
| 2026-05-20 | Alexander Richard M | Tax withheld | 959 | $6.97 |
| 2026-05-20 | Cohn Andrew M. | Grant | 1.0K | $6.97 |
| 2026-05-20 | Huckelbridge Brett | Grant | 1.3K | $6.97 |
| 2026-05-20 | Rousseau David | Grant | 1.5K | $6.97 |
| 2026-05-20 | Steele Christa | Grant | 1.5K | $6.97 |
| 2026-05-20 | Liebman Michael J | Buy | 800 | $6.89 |
| 2026-05-20 | Liebman Michael J | Buy | 5.5K | $6.90 |
| 2026-05-20 | Liebman Michael J | Buy | 700 | $6.86 |
| 2026-05-20 | Krygier Christopher D | Buy | 29 | $6.79 |
| 2026-05-20 | Krygier Christopher D | Buy | 294 | $6.80 |
| 2026-05-20 | Krygier Christopher D | Buy | 5.1K | $6.87 |
| 2026-05-19 | Lenderking John Carroll | Buy | 700 | $6.84 |
| 2026-05-08 | Lenderking John Carroll | Grant | 2.0K | $7.07 |
| 2026-05-08 | Lenderking John Carroll | Tax withheld | 723 | $7.07 |
| 2026-05-08 | Krygier Christopher D | Grant | 6.7K | $7.07 |
| 2026-05-08 | Krygier Christopher D | Tax withheld | 2.7K | $7.07 |
| 2026-05-08 | Kuta Robert J | Tax withheld | 1.7K | $7.07 |
| 2026-05-08 | Krygier Christopher D | Grant | 6.7K | $7.07 |
| 2026-05-08 | Krygier Christopher D | Tax withheld | 2.6K | $7.07 |
| 2026-05-08 | Fleming Ronnie L | Tax withheld | 3.7K | $7.07 |
| 2026-05-08 | Liebman Michael J | Tax withheld | 2.9K | $7.07 |
| 2026-05-08 | Corwin Jonathan C. | Grant | 2.0K | $7.07 |
| 2026-05-08 | Corwin Jonathan C. | Tax withheld | 515 | $7.07 |
| 2026-05-08 | Brill Steven D. | Grant | 2.0K | $7.07 |
| 2026-05-08 | Brill Steven D. | Tax withheld | 598 | $7.07 |
| 2026-05-08 | Fleming Ronnie L | Grant | 10K | $7.07 |
| 2026-05-08 | Liebman Michael J | Grant | 8.3K | $7.07 |
| 2026-03-31 | Corwin Jonathan C. | Option exercise | 133 | — |
| 2026-03-31 | Fleming Ronnie L | Option exercise | 4.4K | — |
| 2026-03-31 | Fleming Ronnie L | Disposition | 4.4K | $7.59 |
| 2026-03-31 | Liebman Michael J | Option exercise | 2.8K | — |
| 2026-03-31 | Liebman Michael J | Disposition | 2.8K | $7.59 |
| 2026-03-31 | Corwin Jonathan C. | Disposition | 133 | $7.59 |
| 2026-03-31 | Lenderking John Carroll | Option exercise | 275 | — |
| 2026-03-31 | Lenderking John Carroll | Disposition | 275 | $7.59 |
| 2026-03-31 | Krygier Christopher D | Option exercise | 1.4K | — |
| 2026-03-31 | Krygier Christopher D | Disposition | 1.4K | $7.59 |
| 2026-03-13 | Cohn Andrew M. | Buy | 18K | $7.20 |
| 2026-03-11 | Huckelbridge Brett | Grant | 1.2K | $7.50 |
| 2026-03-11 | Alexander Richard M | Grant | 1.8K | $7.50 |
| 2026-03-11 | Cohn Andrew M. | Grant | 950 | $7.50 |
| 2026-03-11 | Rousseau David | Grant | 1.4K | $7.50 |
| 2026-03-11 | Steele Christa | Grant | 1.4K | $7.50 |
| 2026-03-11 | Alexander Richard M | Tax withheld | 892 | $7.50 |
| 2026-03-11 | Levine Jonathan L | Grant | 950 | $7.50 |
| 2025-12-31 | Lenderking John Carroll | Option exercise | 386 | — |
| 2025-12-31 | Fleming Ronnie L | Option exercise | 3.8K | — |
| 2025-12-31 | Fleming Ronnie L | Disposition | 3.8K | $8.45 |
| 2025-12-31 | Corwin Jonathan C. | Disposition | 184 | $8.45 |
| 2025-12-31 | Liebman Michael J | Option exercise | 2.4K | — |
| 2025-12-31 | Liebman Michael J | Disposition | 2.4K | $8.45 |
| 2025-12-31 | Lenderking John Carroll | Disposition | 386 | $8.45 |
| 2025-12-31 | COY DEBRA | Option exercise | 2.2K | — |
| 2025-12-31 | COY DEBRA | Option exercise | 313 | — |
| 2025-12-31 | COY DEBRA | Disposition | 2.5K | $8.45 |
| 2025-12-31 | Krygier Christopher D | Option exercise | 1.1K | — |
| 2025-12-31 | Krygier Christopher D | Disposition | 1.1K | $8.45 |
| 2025-12-30 | Corwin Jonathan C. | Option exercise | 184 | — |
| 2025-11-19 | Alexander Richard M | Grant | 1.5K | $8.68 |
| 2025-11-19 | Alexander Richard M | Tax withheld | 675 | $8.68 |
| 2025-11-19 | Huckelbridge Brett | Grant | 1.1K | $8.68 |
| 2025-11-19 | Levine Jonathan L | Grant | 821 | $8.68 |
| 2025-11-19 | Cohn Andrew M. | Grant | 821 | $8.68 |
| 2025-11-19 | Rousseau David | Grant | 1.2K | $8.68 |
| 2025-11-19 | COY DEBRA | Grant | 1.2K | $8.68 |
| 2025-09-30 | Corwin Jonathan C. | Option exercise | 192 | — |
| 2025-09-30 | Cohn Andrew M. | Buy | 154K | $10.30 |
| 2025-09-30 | Levine Jonathan L | Buy | 728K | $10.30 |
| 2025-09-30 | Lenderking John Carroll | Option exercise | 393 | — |
| 2025-09-30 | Lenderking John Carroll | Disposition | 393 | $10.30 |
| 2025-09-30 | Corwin Jonathan C. | Disposition | 192 | $10.30 |
| 2025-09-30 | Krygier Christopher D | Option exercise | 1.1K | — |
| 2025-09-30 | Krygier Christopher D | Disposition | 1.1K | $10.30 |
| 2025-09-30 | Fleming Ronnie L | Option exercise | 3.8K | — |
| 2025-09-30 | Fleming Ronnie L | Disposition | 3.8K | $10.30 |
| 2025-09-30 | Liebman Michael J | Option exercise | 2.4K | — |
| 2025-09-30 | Liebman Michael J | Disposition | 2.4K | $10.30 |
| 2025-08-20 | Alexander Richard M | Grant | 1.4K | $9.70 |
| 2025-08-20 | Alexander Richard M | Tax withheld | 703 | $9.70 |
| 2025-08-20 | Levine Jonathan L | Grant | 735 | $9.70 |
| 2025-08-20 | Huckelbridge Brett | Grant | 964 | $9.70 |
| 2025-08-20 | Rousseau David | Grant | 1.1K | $9.70 |
| 2025-08-20 | Cohn Andrew M. | Grant | 735 | $9.70 |
| 2025-08-20 | COY DEBRA | Grant | 1.1K | $9.70 |
| 2025-06-30 | Fleming Ronnie L | Option exercise | 3.8K | — |
| 2025-06-30 | Fleming Ronnie L | Disposition | 3.8K | $10.19 |
| 2025-06-30 | Krygier Christopher D | Option exercise | 1.2K | — |
| 2025-06-30 | Krygier Christopher D | Disposition | 1.2K | $10.19 |
| 2025-06-30 | Liebman Michael J | Option exercise | 2.4K | — |
| 2025-06-30 | Liebman Michael J | Disposition | 2.4K | $10.19 |
| 2025-06-30 | Lenderking John Carroll | Option exercise | 393 | — |
| 2025-06-30 | Lenderking John Carroll | Disposition | 393 | $10.19 |
| 2025-06-30 | Corwin Jonathan C. | Option exercise | 189 | — |
| 2025-06-30 | Corwin Jonathan C. | Disposition | 189 | $10.19 |
| 2025-05-21 | COY DEBRA | Grant | 1.0K | $10.20 |
| 2025-05-21 | Huckelbridge Brett | Grant | 917 | $10.20 |
| 2025-05-21 | Alexander Richard M | Grant | 1.3K | $10.20 |
| 2025-05-21 | Cohn Andrew M. | Grant | 699 | $10.20 |
| 2025-05-21 | Rousseau David | Grant | 1.0K | $10.20 |
| 2025-05-21 | Levine Jonathan L | Grant | 699 | $10.20 |
| 2025-05-21 | Alexander Richard M | Tax withheld | 814 | $10.20 |
| 2025-05-08 | Liebman Michael J | Tax withheld | 3.1K | $10.43 |
| 2025-05-08 | Krygier Christopher D | Tax withheld | 2.7K | $10.43 |
| 2025-05-08 | Fleming Ronnie L | Tax withheld | 3.8K | $10.43 |
| 2025-04-30 | Cohn Andrew M. | Grant | 1.4K | $10.50 |
| 2025-03-31 | Corwin Jonathan C. | Option exercise | 184 | — |
| 2025-03-31 | Cohn Andrew M. | Grant | 791 | $10.35 |
| 2025-03-31 | Corwin Jonathan C. | Disposition | 184 | $10.31 |
| 2025-03-31 | Lenderking John Carroll | Option exercise | 384 | — |
| 2025-03-31 | Lenderking John Carroll | Disposition | 384 | $10.31 |
| 2025-03-31 | Ellsworth Joanne | Option exercise | 251 | — |
| 2025-03-31 | Ellsworth Joanne | Disposition | 251 | $10.31 |
| 2025-03-31 | Liebman Michael J | Option exercise | 2.4K | — |
| 2025-03-31 | Liebman Michael J | Disposition | 2.4K | $10.31 |
| 2025-03-31 | Krygier Christopher D | Option exercise | 1.1K | — |
| 2025-03-31 | Krygier Christopher D | Disposition | 1.1K | $10.31 |
| 2025-03-31 | Corwin Jonathan C. | Option exercise | 184 | — |
| 2025-03-31 | Corwin Jonathan C. | Disposition | 184 | $10.31 |
| 2025-03-31 | Fleming Ronnie L | Option exercise | 3.7K | — |
| 2025-03-31 | Fleming Ronnie L | Disposition | 3.7K | $10.31 |
| 2025-03-27 | Levine Jonathan L | Buy | 1.2M | $10.00 |
| 2025-03-27 | Cohn Andrew M. | Buy | 252K | $10.00 |
| 2025-03-12 | Alexander Richard M | Grant | 1.2K | $11.35 |
| 2025-03-12 | Alexander Richard M | Tax withheld | 725 | $11.35 |
| 2025-03-12 | Huckelbridge Brett | Grant | 824 | $11.35 |
| 2025-03-12 | Cohn Andrew M. | Grant | 628 | $11.35 |
| 2025-03-12 | Rousseau David | Grant | 909 | $11.35 |
| 2025-03-12 | COY DEBRA | Grant | 912 | $11.35 |
| 2025-03-12 | Levine Jonathan L | Grant | 628 | $11.35 |
| 2025-02-28 | Cohn Andrew M. | Grant | 719 | $11.36 |
| 2025-01-31 | Brill Steven D. | Buy | 8 | $11.64 |
| 2025-01-31 | Cohn Andrew M. | Grant | 692 | $11.77 |
| 2024-12-31 | Cohn Andrew M. | Grant | 710 | $11.46 |
| 2024-12-30 | Lenderking John Carroll | Disposition | 318 | $11.50 |
| 2024-12-30 | Liebman Michael J | Disposition | 2.0K | $11.50 |
| 2024-12-30 | Corwin Jonathan C. | Disposition | 155 | $11.50 |
| 2024-12-30 | Brill Steven D. | Buy | 8 | $11.44 |
| 2024-12-30 | Krygier Christopher D | Disposition | 860 | $11.50 |
| 2024-12-30 | Ellsworth Joanne | Disposition | 334 | $11.50 |
| 2024-12-30 | Fleming Ronnie L | Disposition | 3.2K | $11.50 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-18 | Shareholder voteExhibits | filing ↗ |
| 2026-05-13 | ResultsExhibits | filing ↗ |
| 2026-05-04 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-04-30 | Material agreementOtherExhibits | filing ↗ |
| 2026-04-15 | Other | filing ↗ |
| 2026-03-04 | ResultsExhibits | filing ↗ |
| 2025-12-16 | Material agreementDebt obligationExhibits | filing ↗ |
| 2025-11-17 | Exec/director changeExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-18 | 2026-05-14 | 0001628280-26-036066 ↗ |
| 8-K | 2026-05-13 | 2026-05-13 | 0001628280-26-034666 ↗ |
| 10-Q | 2026-05-13 | 2026-03-31 | 0001628280-26-034667 ↗ |
| 8-K | 2026-05-04 | 2026-04-30 | 0001628280-26-029760 ↗ |
| 8-K | 2026-04-30 | 2026-04-28 | 0001628280-26-028741 ↗ |
| 8-K | 2026-04-15 | 2026-04-14 | 0001628280-26-025290 ↗ |
| 8-K | 2026-03-04 | 2026-03-04 | 0001628280-26-014666 ↗ |
| 10-K | 2026-03-04 | 2025-12-31 | 0001628280-26-014659 ↗ |
| 8-K | 2025-12-16 | 2025-12-10 | 0001628280-25-057444 ↗ |
| 8-K | 2025-11-17 | 2025-11-11 | 0001628280-25-052581 ↗ |
| 8-K | 2025-11-12 | 2025-11-12 | 0001628280-25-051648 ↗ |
| 10-Q | 2025-11-12 | 2025-09-30 | 0001628280-25-051658 ↗ |