OverviewSuggest Edit

WeWork (also known as The We Company) is a provider of shared workspaces for technology startup subculture communities, and services for entrepreneurs, freelancers, startups, small businesses, and large enterprises. The company offers office space with facilities and services like high-speed internet, printers, free refreshments, and private phone booths, enabling startups, entrepreneurs and small businesses to collaborate and share experiences.

TypePrivate
Founded2010
HQNew York, US
Websitewework.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Nov 2019)10,100(-19%)
Job Openings8
Revenue (FY, 2018)$1.8 B(+106%)
Cybersecurity ratingDMore

Key People/Management at WeWork

Sebastian Gunningham

Sebastian Gunningham

Co-Chief Executive Officer
Sandeep Mathrani

Sandeep Mathrani

CEO
Joanna Lee

Joanna Lee

VP, Marketing
Kimberly Ross

Kimberly Ross

CFO
Shyam Gidumal

Shyam Gidumal

COO
Anthony Yazbeck

Anthony Yazbeck

COO - Europe, China & Pacific
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WeWork Office Locations

WeWork has offices in New York, Shanghai and London
New York, US (HQ)
115 W 18th St
Shanghai, CN
Hua Shan Lu, Xuhui Qu
London, GB
1 Fetter Ln, Holborn
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WeWork Financials and Metrics

Summary Metrics

WeWork's latest funding round in October 2019 was reported to be $5 b. In total, WeWork has raised $13.8 b
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WeWork Revenue

WeWork's revenue was reported to be $1.82 b in FY, 2018 which is a 105.6% increase from the previous period.
USD

Revenue (Q3, 2019)

934.0m

Net income (Q3, 2019)

(1.2b)

Cash (30-Jun-2019)

2.5b
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

436.1m886.0m1.8b

Revenue growth, %

103%106%

Sales and marketing expense

43.4m143.4m378.7m

General and administrative expense

115.3m454.0m357.5m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

163.0m198.3m241.1m283.3m342.2m421.6m482.3m575.7m728.3m807.1m934.0m

Sales and marketing expense

23.7m41.2m59.8m62.8m77.1m109.6m129.3m151.0m169.0m

General and administrative expense

46.0m52.7m318.8m78.2m77.1m90.7m111.5m218.5m171.4m

R&D expense

19.5m26.9m46.1m58.7m115.4m118.5m184.7m141.8m227.9m
Annual
USDFY, 2016FY, 2017FY, 2018

Cash

506.6m2.0b1.7b

Accounts Receivable

18.0m35.6m99.5m

Current Assets

621.4m2.4b2.5b

PP&E

1.5b2.3b4.4b
Quarterly
USDQ2, 2019

Cash

2.5b

Accounts Receivable

181.0m

Current Assets

3.0b

PP&E

6.7b
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

(429.7m)(933.5m)(1.9b)

Depreciation and Amortization

89.0m162.9m313.5m

Accounts Payable

12.9m96.4m147.6m

Cash From Operating Activities

176.9m244.0m(176.7m)
Quarterly
USDQ2, 2019

Net Income

(904.7m)

Depreciation and Amortization

255.9m

Accounts Payable

112.5m

Cash From Operating Activities

(198.7m)
USDFY, 2016

Revenue/Employee

359.9k

Debt/Equity

-0.1 x

Financial Leverage

-3.1 x
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WeWork Operating Metrics

FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016May, 2017Q2, 2017Jul, 2017Sep, 2017Q3, 2017FY, 2017Feb, 2018Mar, 2018Q1, 2018Apr, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019May, 2020

Locations

2 7 23 52 111 140 155 164 200 230 234 287 425 528 838

Active Cities

1 2 3 3 8 16 34 50 65 71 100 111 121

Members

450 2 k4 k5 k15 k40 k87 k128 k154 k186 k219 k268 k319 k401 k466 k527 k

Workstations

107 k154 k178 k214 k251 k301 k354 k466 k548 k604 k
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WeWork Acquisitions / Subsidiaries

Company NameDateDeal Size
SpaceIQAugust 30, 2019
Spacious TechnologiesAugust 27, 2019
WaltzJune 25, 2019
TeemSeptember 12, 2018$100 m
MissionUMay 17, 2018
Naked HubApril 12, 2018$400 m
ConductorMarch 06, 2018
MeetupNovember 28, 2017$30 m
Flatiron SchoolOctober 23, 2017
UnomyAugust 11, 2017
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WeWork Cybersecurity Score

Cybersecurity ratingPremium dataset

D

68/100

SecurityScorecard logo

WeWork Revenue Breakdown

Embed Graph

WeWork revenue breakdown by business segment: 93.2% from Membership and Service Revenue and 6.8% from Other

WeWork revenue breakdown by geographic segment: 20.5% from Other foreign countries, 5.5% from Greater China, 15.1% from United Kingdom and 58.9% from United States

WeWork Online and Social Media Presence

Embed Graph

WeWork News and Updates

China WeWork rival Ucommune puts brakes on US IPO, plans backdoor listing

The shared-office model has been disrupted both by the Covid-19 pandemic and the public collapse of WeWork.

WeWork Gives Members Global Access During Pandemic Disruption

Shared offices around the world emptied out as the number of coronavirus cases skyrocketed earlier this year.

WeWork is turning to big brokerages like CBRE and JLL to help it find customers. It's a huge strategy shift that shows how hard office space is to fill right now.

WeWork has hired JLL and CBRE to market large availabilities it has in New York City and Los Angeles, respectively. The flexible-workspace giant said it is now embracing the brokerage industry and plans to hire firms to help it fill millions of square feet in major cities across the country.  Leas…

From iconic city headquarters to WeWork deals, here's how financial giants are thinking about the future of their real estate (WFC)

Some financial firms are evaluating their post-pandemic office needs. Wells Fargo is not renewing its lease in a 750-person WeWork space in Charlotte, N.C. Citi meanwhile has signed a lease for a roughly 100-person WeWork space that's not in a major city. UBS is pushing ahead with working with WeW…

Rakuten will not renew its contract with WeWork, says report

Japanese e-commerce giant Rakuten has decided not to renew its contract with WeWork when it expires next month, according to a report in the Japan Times. Rakuten had leased about 700 desks in Tokyo, but is now planning to move employees from its fintech division into its own new offices. Both WeWork…

WeWork Said to Lose Major Tenant in Japan as Rakuten Exits

WeWork Said to Lose Major Tenant in Japan as Rakuten Exits
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WeWork Blogs

Your October horoscope is all about straight talk

Candor demands respect, and it’s time for you to get the respect you deserve The post Your October horoscope is all about straight talk appeared first on Ideas.

Compassionate directness is an essential ingredient for innovation

Reframing feedback to be about growth rather than criticism creates an environment for creativity and risk-taking The post Compassionate directness is an essential ingredient for innovation appeared first on Ideas.

Seven ways to make your workplace—and your desk—more sustainable

Bringing environmentally-friendly practices to work can make a big impact on the planet The post Seven ways to make your workplace—and your desk—more sustainable appeared first on Ideas.

How agile real estate helped an educational software company grow globally

Instructure tapped into WeWork’s network of spaces to gain a foothold in key markets The post How agile real estate helped an educational software company grow globally appeared first on Ideas.

How your food choices can help reverse climate change

Make these four small changes to eat better for the planet The post How your food choices can help reverse climate change appeared first on Ideas.

Five expert tips for surviving long-distance business travel

A frequent traveler explains why you shouldn’t work on the plane The post Five expert tips for surviving long-distance business travel appeared first on Ideas.
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WeWork Frequently Asked Questions

  • When was WeWork founded?

    WeWork was founded in 2010.

  • Who are WeWork key executives?

    WeWork's key executives are Sebastian Gunningham, Sandeep Mathrani and Joanna Lee.

  • How many employees does WeWork have?

    WeWork has 10,100 employees.

  • What is WeWork revenue?

    Latest WeWork annual revenue is $1.8 b.

  • What is WeWork revenue per employee?

    Latest WeWork revenue per employee is $180.4 k.

  • Who are WeWork competitors?

    Competitors of WeWork include IWG, LiquidSpace and CBRE.

  • Where is WeWork headquarters?

    WeWork headquarters is located at 115 W 18th St, New York.

  • Where are WeWork offices?

    WeWork has offices in New York, Shanghai and London.

  • How many offices does WeWork have?

    WeWork has 3 offices.