H2O America (HTO) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	828.5M	800.6M	748.4M	670.4M	620.7M
Cost of Revenue	360.8M	426.5M	323.3M	281.9M	263.5M
Gross Profit	467.7M	374.1M	425.1M	388.4M	357.2M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	150.2M	151.2M	105.8M	98.7M	95.4M
General & Admin Expense	150.2M	151.2M	105.8M	98.7M	95.4M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	139.2M	41.9M	148.8M	140.3M	130.8M
Total Operating Expenses	289.4M	193.1M	254.6M	239.0M	226.2M
Cost and Expenses	650.1M	619.6M	577.9M	520.9M	489.7M
Operating Income (EBIT)	178.4M	181.0M	170.5M	149.4M	131.0M
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	73.0M	91.1M	71.4M	66.1M	58.1M
Net Interest Income	(73.0M)	(91.1M)	(71.4M)	(66.1M)	(58.1M)
Other Non-Op Income/Expense	(59.8M)	(66.1M)	(67.6M)	(58.5M)	(48.7M)
Non-Operating Income (excl Interest)	(13.1M)	(25.0M)	(3.8M)	(7.7M)	(9.4M)
EBT (Pre-Tax Income)	118.5M	114.9M	102.9M	90.9M	82.3M
Income Tax Expense	11.6M	12.4M	9.0M	6.0M	8.5M
Bottom Line
Net Income	107.0M	102.6M	94.0M	85.0M	73.8M
Earnings from Cont. Ops	107.0M	102.6M	94.0M	85.0M	73.8M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	107.0M	102.6M	94.0M	85.0M	73.8M
Per Share
Basic EPS	$2.86	$2.93	$2.80	$2.69	$2.44
Diluted EPS	$2.84	$2.92	$2.79	$2.68	$2.43
Revenue Per Share	$20.76	$22.31	$22.27	$21.23	$20.48
Shares
Basic Shares Outstanding	39.9M	35.9M	33.6M	31.6M	30.3M
Diluted Shares Outstanding	40.9M	36.0M	33.7M	31.7M	30.4M
Profitability Metrics
EBITDA	314.2M	321.3M	289.4M	265.2M	246.8M
D&A	122.7M	115.3M	115.0M	108.1M	106.4M
EBIT	191.5M	206.0M	174.3M	157.1M	140.4M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026