Artesian Resources (ARTNA) Financial Statements & Analysis

Artesian Resources (ARTNA) Income Statement

Artesian Resources reported revenue of $112.94M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 4.6% from $107.95M a year earlier. Net income was $22.82M, up 11.9% year over year, a net margin of 20.2%. Gross margin was 49.4% and operating margin 24.6%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $30.66M, up 7.4% from the same quarter a year earlier.

Artesian Resources Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Artesian Resources Corporation income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	112.94	107.95	98.86	98.90	90.86	88.14	83.60	80.41	82.24
Cost of Revenue	57.13	54.54	50.63	50.62	45.36	43.62	42.50	41.21	41.05
Gross Profit	55.82	53.41	48.23	48.28	45.50	44.53	41.09	39.20	41.18
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Expenses	20.20	27.26	19.43	24.37	17.47	22.23	21.17	15.26	14.29
Operating Income	27.78	26.15	22.45	23.91	28.03	22.30	19.93	18.96	19.60
Other Income/Expense
Interest Income	2.38	0.00	2.00	1.33	0.82	0.00	0.00	0.00	0.00
Interest Expense	8.69	8.78	9.16	8.50	7.59	7.62	7.02	6.25	6.18
Other Income/Expense	-4.96	1.56	-5.75	-5.91	2.13	0.21	0.18	0.31	1.68
Income
Income Before Tax	30.65	27.71	23.05	23.88	22.56	22.50	20.11	19.27	21.28
Income Tax Expense	7.83	7.32	6.35	5.88	5.74	5.68	5.18	4.99	7.30
Net Income	22.82	20.39	16.70	18.00	16.83	16.82	14.93	14.28	13.98
Net Income - Continuous Operations	22.82	20.39	16.70	18.00	16.83	16.82	14.93	14.28	13.98
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	49.42	50.12	42.13	42.40	42.04	39.12	37.93	34.23	36.45
EBIT	35.61	33.47	28.79	29.78	30.16	27.98	-	-	-
Depreciation & Amortization	13.81	13.63	13.34	12.62	11.89	11.14	10.80	10.29	9.56
Earnings Per Share
Basic EPS	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00
Diluted EPS	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00
Basic Shares Outstanding	10.31	10.29	10.02	9.46	9.39	9.33	9.28	9.24	9.18
Diluted Shares Outstanding	10.31	10.30	10.02	9.48	9.43	9.37	9.33	9.29	9.24

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Artesian Resources Financial Statements

What was Artesian Resources's revenue in fiscal 2025?

Artesian Resources reported revenue of $112.94M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 4.6% from $107.95M a year earlier.

Is Artesian Resources profitable?

Yes. Artesian Resources earned net income of $22.82M in fiscal 2025, a net margin of 20.2%. In fiscal 2024 it earned $20.39M.

What is Artesian Resources's operating margin?

Artesian Resources's operating income was $27.78M on revenue of $112.94M in fiscal 2025, an operating margin of 24.6%, compared with 24.2% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition