H2O AMERICAHTOEarnings & Financial Report
H2O Wireless is a United States-based prepaid cell phone service, that utilizes the AT&T network. It is a brand of the mobile virtual network operator (MVNO) Locus Telecommunications, a subsidiary of Telrite Holdings, Inc., since 2019. Locus was formerly a subsidiary of KDDI America corporation, starting in 2010. H2O Wireless is primarily advertised as a non-restrictive phone service for customers to bring or buy unlocked smartphones, although AT&T contract/locked phones may be accepted as well.
Revenue
$216.7M
Gross Profit
N/A
Operating Profit
$58.4M
Net Profit
$38.7M
Gross Margin
N/A
Operating Margin
26.9%
Net Margin
17.8%
YoY Growth
2.3%
EPS
$1.17
H2O AMERICA Q3 FY2024 Financial Summary
H2O AMERICA reported revenue of $216.7M (up 2.3% YoY) for Q3 FY2024, with a net profit of $38.7M (up 6.7% YoY) (17.8% margin).
Key Financial Metrics
| Total Revenue | $216.7M |
|---|---|
| Net Profit | $38.7M |
| Gross Margin | N/A |
| Operating Margin | 26.9% |
| Report Period | Q3 FY2024 |
Revenue Breakdown
H2O AMERICA Q3 FY2024 revenue of $216.7M breaks down across 2 segments, led by Regulated Operation at $220.9M (102.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Regulated Operation | $220.9M | 102.0% |
| Unregulated Operation | $4.1M | 1.9% |
H2O AMERICA Annual Revenue by Year
H2O AMERICA annual revenue history includes year-by-year totals (for example, 2025 revenue was $805.6M).
| Year | Annual Revenue |
|---|---|
| 2025 | $805.6M |
| 2024 | $736.3M |
| 2023 | $678.2M |
| 2022 | $586.9M |
H2O AMERICA Quarterly Revenue & Net Profit History
H2O AMERICA results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $199.4M | +1.5% | $16.2M | 8.1% |
| Q3 FY2025 | $243.5M | +12.4% | $45.1M | 18.5% |
| Q2 FY2025 | $197.8M | +14.3% | $24.7M | 12.5% |
| Q1 FY2025 | $164.9M | +9.9% | $16.6M | 10.0% |
| Q4 FY2024 | $196.5M | +15.0% | $22.9M | 11.7% |
| Q3 FY2024 | $216.7M | +2.3% | $38.7M | 17.8% |
| Q2 FY2024 | $173.1M | +8.4% | $20.7M | 12.0% |
| Q1 FY2024 | $150.0M | +10.4% | $11.7M | 7.8% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $150.0M | $173.1M | $216.7M | $196.5M | $164.9M | $197.8M | $243.5M | $199.4M |
| YoY Growth | 10.4% | 8.4% | 2.3% | 15.0% | 9.9% | 14.3% | 12.4% | 1.5% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $4.37B | $4.44B | $4.55B | $4.66B | $4.73B | $4.85B | $5.01B | $5.15B |
| Liabilities | $3.13B | $3.16B | $3.22B | $3.29B | $3.33B | $3.38B | $3.49B | $3.61B |
| Equity | $1.24B | $1.27B | $1.33B | $1.37B | $1.40B | $1.47B | $1.52B | $1.54B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $51.2M | $49.3M | $53.5M | $41.5M | $43.2M | $60.8M | $77.3M | $63.5M |