$WW
WW INTERNATIONAL, INC.
CIK:0000105319|SEC Filings
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | |||
|---|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 24, 2025 |
Jun. 30, 2026 |
Jun. 24, 2025 |
|
| Revenue, net | $ 12,167 | $ 162,324 | $ 176,997 | $ 330,585 | $ 363,568 |
| Cost of revenue | 3,258 | 48,182 | 46,489 | 97,770 | 100,184 |
| Gross profit | 8,909 | 114,142 | 130,508 | 232,815 | 263,384 |
| Marketing expenses | 2,784 | 47,875 | 32,093 | 140,809 | 110,871 |
| Product development expenses | 686 | 6,441 | 14,160 | 14,534 | 25,281 |
| Selling, general and administrative expenses | 2,853 | 50,352 | 42,851 | 98,436 | 78,480 |
| Franchise rights acquired impairments | 27,549 | ||||
| Operating (loss) income | 2,586 | 9,474 | 41,404 | (20,964) | 21,203 |
| Reorganization items, net | (1,143,918) | (1,143,918) | |||
| Interest expense | 923 | 11,588 | 11,061 | 23,064 | 38,664 |
| Gain on extinguishment of debt | (4,612) | (4,612) | |||
| Other (income) expense, net | 932 | (421) | 4,478 | (1,158) | 6,685 |
| (Loss) income before income taxes | 731 | 2,919 | 1,169,782 | (38,258) | 1,119,772 |
| (Benefit from) provision for income taxes | (523) | (11,155) | (20,906) | (332) | 1,669 |
| Net (loss) income | $ 1,254 | $ 14,074 | $ 1,190,688 | $ (37,926) | $ 1,118,103 |
| (Net loss) earnings per share | |||||
| Basic | $ 0.13 | $ 1.41 | $ 14.81 | $ (3.79) | $ 13.93 |
| Diluted | $ 0.13 | $ 1.41 | $ 14.67 | $ (3.79) | $ 13.8 |
| Weighted average common shares outstanding | |||||
| Basic | 9,987 | 9,999 | 80,419 | 9,998 | 80,271 |
| Diluted | 9,987 | 10,001 | 81,165 | 9,998 | 80,998 |
| Subscription | |||||
| Revenue, net | $ 12,078 | $ 161,392 | $ 175,773 | $ 328,749 | $ 360,953 |
| Cost of revenue | 3,258 | 48,015 | 46,439 | 97,460 | 100,026 |
| Other | |||||
| Revenue, net | $ 89 | 932 | 1,224 | 1,836 | 2,615 |
| Cost of revenue | $ 167 | $ 50 | $ 310 | $ 158 | |
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands |
Jun. 30, 2026 |
Dec. 31, 2025 |
|---|---|---|
| CURRENT ASSETS | ||
| Cash and cash equivalents | $ 101,497 | $ 160,279 |
| Restricted cash | 5,796 | 6,298 |
| Receivables (net of allowances: June 30, 2026 - $1,985 and December 31, 2025 - $1,651) | 15,923 | 16,378 |
| Prepaid income taxes | 6,573 | 8,097 |
| Prepaid marketing and advertising | 3,079 | 9,275 |
| Prepaid expenses and other current assets | 14,017 | 13,277 |
| TOTAL CURRENT ASSETS | 146,885 | 213,604 |
| Property and equipment, net | 6,886 | 8,115 |
| Operating lease assets | 2,148 | 2,933 |
| Goodwill | 199,910 | 200,135 |
| Other intangible assets, net | 453,289 | 490,664 |
| Deferred income taxes | 16,068 | 16,482 |
| Other noncurrent assets | 15,256 | 14,825 |
| TOTAL ASSETS | 840,442 | 946,758 |
| CURRENT LIABILITIES | ||
| Portion of operating lease liabilities due within one year | 991 | 1,260 |
| Accounts payable | 22,537 | 9,212 |
| Salaries and wages payable | 20,366 | 34,375 |
| Accrued marketing and advertising | 12,238 | 22,985 |
| Accrued interest | 867 | 1,084 |
| Other accrued liabilities | 21,527 | 23,049 |
| Income taxes payable | 2,333 | 6,006 |
| Deferred revenue | 25,215 | 28,565 |
| TOTAL CURRENT LIABILITIES | 106,074 | 126,536 |
| Long-term debt, net | 423,995 | 465,466 |
| Long-term operating lease liabilities | 1,325 | 1,893 |
| Deferred income taxes | 29,858 | 34,021 |
| Other noncurrent liabilities | 540 | 771 |
| TOTAL LIABILITIES | 561,792 | 628,687 |
| EQUITY | ||
| Successor common stock, $0 par value; 1,000,000 shares authorized; 9,999 shares issued at June 30, 2026 and 9,992 shares issued at December 31, 2025 | 379,690 | 378,777 |
| Accumulated deficit | (100,021) | (62,095) |
| Accumulated other comprehensive (loss) income | (1,019) | 1,389 |
| TOTAL EQUITY | 278,650 | 318,071 |
| TOTAL LIABILITIES AND TOTAL EQUITY | $ 840,442 | $ 946,758 |