GWRS Balance Sheet, Income & Cash Flow

Income Statement GWRS
Line item	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	–	–	161.75	199.97	1.83	1.82	1.78	1.75	1.56	1.59	1.73	1.65	1.71	1.83	1.92	2.20	2.17	2.06
Cost of Revenue	–	–	53.76	57.61	0.64	0.65	0.57	0.51	0.75	0.38	0.40	0.41	0.42	0.45	0.47	0.53	0.56	1.14
Gross Profit	–	–	108.00	142.37	1.19	1.17	1.21	1.24	0.81	1.20	1.33	1.23	1.29	1.38	1.45	1.67	1.60	0.92
Research & Development	–	–	0.00	0.00	0.00	0.00	–	–	0.00	0.00	0.00	–	–	–	–	–	–	–
Selling, General & Administrative	–	–	0.00	0.00	0.53	0.53	0.48	0.43	0.50	0.48	0.51	0.52	0.56	0.66	0.69	0.69	0.69	0.66
Total Operating Expenses	–	–	401.88	122.76	1.10	1.06	-1.78	0.88	0.50	0.83	0.88	0.91	0.96	1.08	1.12	1.16	1.22	0.66
Operating Income	–	–	-293.88	19.60	0.05	0.11	2.99	0.36	0.30	0.37	0.45	0.32	0.32	0.30	0.34	0.51	0.39	0.26
Interest Expense	–	–	74.82	48.93	0.52	0.49	0.52	0.45	0.62	0.26	0.26	0.25	0.24	0.23	0.20	0.20	0.25	0.22
Pre-Tax Income	–	–	-504.03	-29.00	-0.43	-0.33	2.62	2.29	-0.20	0.20	0.24	0.16	0.08	0.21	0.28	0.45	0.32	0.15
Income Tax Expense	–	–	-21.81	-10.83	1.67	0.00	-0.93	1.13	0.07	-0.03	0.09	0.05	0.03	0.05	0.04	0.12	0.09	0.04
Net Income	–	–	-482.22	-18.17	-2.10	-0.33	3.55	1.17	-0.13	0.23	0.15	0.10	0.05	0.16	0.24	0.33	0.24	0.11
EBITDA	–	–	-251.51	77.21	0.65	0.64	3.64	0.84	0.63	0.73	0.82	0.71	0.72	0.85	0.88	1.14	1.11	0.93

Data as of: September 23, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

Income Statement