Global Water Resources Inc 2026年季度报告

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period endedMarch 31, 2026OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period from _______________ to _______________Commission File Number: 001-37756______________________________________________________________ Global Water Resources, Inc. (Exact Name of Registrant as Specified in its Charter)______________________________________________________________ 21410 N. 19th Avenue #220Phoenix, Arizona(Address of principal executive offices) Registrant’s telephone number, including area code: (480) 360-7775Securities registered pursuant to Section 12(b) of the Act:______________________________________________________________ Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90 days.Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated filerSmallerreportingcompanyEmerging growth company Largeacceleratedfiler☐Non-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐YesNo As of May8, 2026, the registrant had 28,763,634 shares of common stock, $0.01 par value per share, outstanding. TABLE OF CONTENTS PART I. FINANCIAL INFORMATION ITEM 1. Financial Statements (Unaudited)5Condensed Consolidated Balance Sheets (unaudited)5Condensed Consolidated Statements of Operations (unaudited)6Condensed Consolidated Statements of Shareholders’ Equity (unaudited)7Condensed Consolidated Statements of Cash Flows (unaudited)8Notes to the Condensed Consolidated Financial Statements (unaudited)9ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations19ITEM 3. Qualitative and Quantitative Disclosures About Market Risk30ITEM 4. Controls and Procedures31PART II. OTHER INFORMATION32ITEM 1. Legal Proceedings32ITEM 1A. Risk Factors32ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds32ITEM 3. Defaults Upon Senior Securities32ITEM 4. Mine Safety Disclosures32ITEM 5. Other Information32ITEM 6. Exhibits33Signatures34 DEFINED TERMS The following is a list of frequently used abbreviations or acronyms that are found in this report: GW-Santa CruzGW-Palo VerdeGW-FarmersGW-HassayampaGW-BelmontGW-TurnerGW-Saguaro Global Water - Santa Cruz Water Company, Inc.Global Water - Palo Verde Utilities Company, Inc.Global Water - Farmers Water Company, Inc.Global Water - Hassayampa Utilities Company, Inc.Global Water - Belmont Water Company, Inc.Global Water - Turner Ranches Irrigation, Inc.Global Water - Saguaro District Water Company, Inc. Index to Condensed Consolidated Financial Statements (unaudited) Condensed Consolidated Balance Sheets (unaudited)5Condensed Consolidated Statements of Operations (unaudited)6Condensed Consolidated Statements of Shareholders’ Equity (unaudited)7Condensed Consolidated Statements of Cash Flows (unaudited)8Notes to the Condensed Consolidated Financial Statements (unaudited)91. Description of Business, Basis of Presentation, Significant Accounting Policies, and Recent AccountingPronouncements92. Acquisitions103. Regulatory Matters114. Revenue Recognition125. Earnings (Loss) Per Share136. Prepaid Expenses and Other Current Assets147. Equity148. Debt149. Accrued Expenses and Other Current Liabilities1510. Fair Value1511. Income Taxes1512. Share-based Compensation1613. Transactions With Related Parties1614. Commitments and Contingencies1615. Business Segment Information1716. Other, Net1817. Supplemental Cash Flow Information18 PART I. FINANCIAL INFORMATION GLOBAL WATER RESOURCES, INC.Condensed Consolidated Balance Sheets (unaudited) See accompanying notes to the Condensed Consolidated Financial Statements (unaudited) GLOBAL WATER RESOURCES, INC. GLOBAL WATER RESOUR