Complete financial analysis of WeWork Inc. (WE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of WeWork Inc., a leading company in the Real Estate – Services industry within the Real Estate sector.
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WeWork Inc. (WE)
About WeWork Inc.
WeWork Inc. provides flexible workspace solutions to individuals and organizations worldwide. The company offers workstation, private office, and customized floor solutions; and various amenities and services, such as private phone booths, internet, high-speed business printers and copiers, mail and package handling, front desk services, off-peak building access, common areas, and daily enhanced cleaning solutions. It also offers various value-add services; business and technical service solutions, including professional employer organization and payroll services, remote workforce solutions, human resources benefits, dedicated bandwidth, and IT equipment co-location solutions. In addition, the company offers workspace management solutions, which enable landlords and operators to power flexible spaces and provide direct access to an established customer base. As of December 31, 2021, its real estate portfolio includes 756 locations. WeWork Inc. was founded in 2010 and is headquartered in New York, New York.
| Metric | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|
| Revenue | 3.25B | 2.57B | 3.42B | 3.46B |
| Cost of Revenue | 2.91B | 3.09B | 3.54B | 2.76B |
| Gross Profit | 331.00M | -515.00M | -127.00M | 700.27M |
| Gross Profit Ratio | 10.20% | -20.04% | -3.72% | 20.25% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 698.00M | 968.00M | 1.53B | 2.66B |
| Selling & Marketing | 37.00M | 43.00M | 72.20M | 137.60M |
| SG&A | 735.00M | 1.01B | 1.61B | 2.79B |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 1.50B | 1.88B | 2.66B | 3.96B |
| Cost & Expenses | 4.41B | 4.96B | 6.20B | 6.71B |
| Interest Income | 9.00M | 19.00M | 17.00M | 53.24M |
| Interest Expense | 257.00M | 245.00M | 159.00M | 99.59M |
| Depreciation & Amortization | 641.00M | 709.00M | 779.00M | 589.91M |
| EBITDA | -792.00M | -1.89B | -2.21B | -2.64B |
| EBITDA Ratio | -24.41% | -73.70% | -64.55% | -76.46% |
| Operating Income | -1.59B | -3.70B | -4.35B | -3.92B |
| Operating Income Ratio | -49.03% | -143.89% | -127.25% | -113.33% |
| Total Other Income/Expenses | -698.00M | -2.24B | -1.03B | -486.24M |
| Income Before Tax | -2.29B | -4.63B | -3.81B | -3.73B |
| Income Before Tax Ratio | -70.54% | -180.12% | -111.65% | -107.83% |
| Income Tax Expense | 6.00M | 3.00M | 20.00M | 45.64M |
| Net Income | -2.03B | -4.44B | -3.13B | -3.26B |
| Net Income Ratio | -62.68% | -172.72% | -91.60% | -94.40% |
| EPS | -106.79 | -673.63 | -179.70 | -187.50 |
| EPS Diluted | -106.79 | -673.63 | -179.70 | -187.50 |
| Weighted Avg Shares Out | 19.05M | 6.59M | 17.41M | 17.41M |
| Weighted Avg Shares Out (Dil) | 19.05M | 6.59M | 17.41M | 17.41M |
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WeWork Secures Final Court Approval for Transformational Restructuring
Adam Neumann ‘shut out' of WeWork buyback, capping a fraught saga between founder and company
WeWork founder Adam Neumann ditches plan to reclaim company
Adam Neumann drops bid to acquire bankrupt WeWork
Adam Neumann ends bid to buy WeWork, NYT Dealbook reports
WeWork plans to hold onto five more co-working spaces in Seattle area
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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation of Wework, Inc.
WeWork resolves landlord objections to bankruptcy financing
Source: https://incomestatements.info
Category: Stock Reports
What was WeWork’s free cash flow in Q1 2023?
$(343) million
What were WeWork’s revenue and net loss in Q3 2023?
WeWork Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 794 million compared to USD 817 million a year ago. Net loss was USD 788 million compared to USD 568 million a year ago.
When did WeWork achieve Adjusted EBITDA profitability?
The office-sharing firm, which went public in 2021, said for the “first time in WeWork’s history”, the company achieved an adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) profitability for December 2022.