Global Water Resources, Inc.
For the period ended Sep 30, 2025. Filed Nov 12, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 12, 2025
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8. Goodwill
- Goodwill
The Company’s goodwill is related to historical acquisitions. As of September 30, 2025, there were no indicators of impairment identified as a result of the Company’s review of events and circumstances related to its goodwill subsequent to the acquisitions.
In March 2025, in connection with the 2024 GW-Farmers rate case, the Company reclassified approximately $3.0 million of goodwill to regulatory assets to establish an acquisition premium. Refer to Note 3 – “Regulatory Matters” for additional information. In addition, an immaterial adjustment to goodwill was recorded during the second quarter of 2025.
In July 2025, the Company recorded an additional $0.2 million of goodwill in connection with theseven water systems acquired from the City of Tucson (refer to Note 2 –Acquisitions for additional information).
Changes in the carrying value of goodwill were as follows (in thousands):
| September 30, 2025 | |
|---|---|
| December 31, 2024 | $9,486 |
| Acquisition activity | 229 |
| Reclassification to regulatory assets | (2,959) |
| Other adjustments | (245) |
| September 30, 2025 | $6,511 |
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