ARTESIAN RESOURCES CORP
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $112.9M | $108.0M | $98.9M | $98.9M | $90.9M |
| Operating expenses | $85.2M | $81.8M | $76.4M | $75.0M | $68.6M |
| Operating income | $27.8M | $26.2M | $22.4M | $23.9M | $22.3M |
| Interest expense | $8.7M | $8.8M | $9.2M | $8.5M | $7.6M |
| Income tax expense | $7.8M | $7.3M | $6.3M | $5.9M | $5.7M |
| Net income | $22.8M | $20.4M | $16.7M | $18.0M | $16.8M |
| Balance Sheet | |||||
| Cash and equivalents | $52,000 | $1.1M | $2.5M | $1.3M | $92,000 |
| Current assets | $21.4M | $24.5M | $30.6M | $27.8M | $18.7M |
| Total assets | $851.2M | $798.6M | $766.8M | $719.8M | $624.7M |
| Current liabilities | $33.7M | $25.6M | $22.4M | $44.1M | $47.2M |
| Stockholders' equity | $249.9M | $239.2M | $230.4M | $187.9M | $178.0M |
| Cash Flow Statement | |||||
| Cash from operations | $40.3M | $36.8M | $31.9M | $24.3M | $31.3M |
| Depreciation and amortization | $13.8M | $13.6M | $13.3M | $12.6M | $11.9M |
| Stock-based compensation | $246,000 | $219,000 | $254,000 | $152,000 | $193,000 |
| Capital expenditure | $58.8M | $45.9M | $62.2M | $48.5M | $40.8M |
| Free cash flow | -$18.5M | -$9.1M | -$30.3M | -$24.2M | -$9.5M |
| Dividends paid | $12.7M | $12.2M | $11.2M | $10.3M | $9.8M |
Shares outstanding 10.3M · Free float 97.4%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.