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.
HTO Q4 FY2025 Key Financial Metrics
Revenue
$199.4M
Gross Profit
N/A
Operating Profit
$33.1M
Net Profit
$16.2M
Gross Margin
N/A
Operating Margin
16.6%
Net Margin
8.1%
YoY Growth
1.5%
EPS
$0.45
H2O AMERICA Q4 FY2025 Financial Summary
H2O AMERICA reported revenue of $199.4M (up 1.5% YoY) for Q4 FY2025, with a net profit of $16.2M (down 29.2% YoY) (8.1% margin).
Key Financial Metrics
| Total Revenue | $199.4M |
|---|---|
| Net Profit | $16.2M |
| Gross Margin | N/A |
| Operating Margin | 16.6% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
H2O AMERICA Q4 FY2025 revenue of $199.4M breaks down across 2 segments, led by Water Utility Services at $191.0M (95.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Water Utility Services | $191.0M | 95.8% |
| Other | $8.4M | 4.2% |
H2O AMERICA Revenue by Segment — Quarterly Trend
H2O AMERICA revenue by segment across the last 4 reported quarters, showing how each business line (such as Water Utility Services and Other) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Water Utility Services | $191.0M | $236.2M | $194.7M | $165.2M |
| Other | $8.4M | $7.3M | — | — |
H2O AMERICA Annual Revenue by Year
H2O AMERICA annual revenue history includes year-by-year totals (for example, 2025 revenue was $805.6M).
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 |