WeWork stock price, funding rounds, valuation and financials
WeWork has raised $13.77 b in total funding. WeWork annual revenue was $1.82 b in FY 2018
$934 M
WeWork Revenue Q3, 2019WeWork Net income (Q3, 2019)-1.2 B
WeWork Cash, 30-Jun-20192.5 B
WeWork Funding
Summary Metrics
Founding Date | 2010 |
WeWork total Funding | $13.8 b |
WeWork latest funding size | $5 b |
Time since last funding | a year ago |
WeWork investors | Goldman Sachs, DAG Ventures, Benchmark, T. Rowe Price, Wellington Management, Fidelity Investments, Glade Brook Capital Partners, Hony Capital, JP Morgan Chase & Co, Harvard Management Company, Primary Venture Partners, Aleph, Softbank, SoftBank Group, Alpha JWC Ventures, Syren Capital Advisors, Legend Holdings, JP Morgan Chase & Co., Masayoshi Son, SoftBank Group Corp, Catalyst Ventures, StraightPath Venture Partners |
WeWork's latest funding round in October 2019 was reported to be $5 b. In total, WeWork has raised $13.8 b
WeWork Revenue Breakdown
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 Income Statement
Annual
| USD | FY, 2016 | FY, 2017 | FY, 2018 |
|---|---|---|---|
Revenue | 436.1m | 886.0m | 1.8b |
Revenue growth, % | 103% | 106% | |
Sales and marketing expense | 43.4m | 143.4m | 378.7m |
R&D expense | 35.7m | 109.7m | 477.3m |
General and administrative expense | 115.3m | 454.0m | 357.5m |
Operating expense total | 832.4m | 1.8b | 3.5b |
Depreciation and amortization | 89.0m | 162.9m | 313.5m |
EBIT | (396.3m) | (931.8m) | (1.7b) |
EBIT margin, % | (91%) | (105%) | (93%) |
Interest expense | 12.4m | 15.5m | 183.7m |
Interest income | 2.5m | 9.5m | 37.7m |
Pre tax profit | (429.7m) | (939.2m) | (1.9b) |
Income tax expense | 16.0k | (5.7m) | (850.0k) |
Net Income | (429.7m) | (933.5m) | (1.9b) |
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q4, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q4, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 163.0m | 198.3m | 241.1m | 283.3m | 342.2m | 421.6m | 482.3m | 575.7m | 728.3m | 807.1m | 934.0m |
Sales and marketing expense | 23.7m | 41.2m | 59.8m | 62.8m | 77.1m | 109.6m | 129.3m | 151.0m | 169.0m | ||
R&D expense | 19.5m | 26.9m | 46.1m | 58.7m | 115.4m | 118.5m | 184.7m | 141.8m | 227.9m | ||
General and administrative expense | 46.0m | 52.7m | 318.8m | 78.2m | 77.1m | 90.7m | 111.5m | 218.5m | 171.4m | ||
Operating expense total | 337.6m | 404.9m | 790.8m | 638.3m | 803.4m | 930.6m | 1.1b | 1.4b | 1.5b | ||
Depreciation and amortization | 38.0m | 42.2m | 51.5m | 62.0m | 75.4m | 77.6m | 98.5m | 124.9m | 131.1m | ||
EBIT | (139.2m) | (163.7m) | (507.5m) | (296.1m) | (381.7m) | (448.3m) | (564.8m) | (639.7m) | (729.7m) | ||
EBIT margin, % | (70%) | (68%) | (179%) | (87%) | (91%) | (93%) | (98%) | (88%) | (90%) | ||
Pre tax profit | (33.7m) | (167.7m) | (617.1m) | (276.7m) | (447.6m) | (497.2m) | (706.8m) | (261.6m) | (638.0m) | ||
Income tax expense | (5.7m) | (2.2m) | 819.0k | 97.0k | 426.0k | 5.0m | 87.0k | ||||
Net Income | (33.7m) | (167.7m) | (611.4m) | (274.5m) | (448.4m) | (497.3m) | (707.2m) | (266.6m) | (638.1m) | (1.2b) |
WeWork Balance Sheet
Annual
| USD | FY, 2016 | FY, 2017 | FY, 2018 |
|---|---|---|---|
Cash | 506.6m | 2.0b | 1.7b |
Accounts Receivable | 18.0m | 35.6m | 99.5m |
Current Assets | 621.4m | 2.4b | 2.5b |
PP&E | 1.5b | 2.3b | 4.4b |
Goodwill | 5.3m | 156.1m | 681.0m |
Total Assets | 2.2b | 5.4b | 8.6b |
Accounts Payable | 190.3m | 314.3m | 826.4m |
Short-term debt | 1.2m | 27.7m | 2.0m |
Current Liabilities | 295.2m | 61.2m | 1.6b |
Long-term debt | 52.1m | 50.8m | 799.6m |
Total Debt | 52.1m | 78.5m | 801.6m |
Total Liabilities | 1.3b | 2.4b | 6.3b |
Common Stock | 159.0k | 162.0k | 165.0k |
Additional Paid-in Capital | 86.8m | 407.8m | 798.0m |
Retained Earnings | (816.5m) | (1.7b) | (3.3b) |
Total Equity | (721.6m) | (1.3b) | (2.5b) |
Debt to Equity Ratio | -0.1 x | -0.1 x | -0.3 x |
Debt to Assets Ratio | 0 x | 0 x | 0.1 x |
Financial Leverage | -3.1 x | -4.1 x | -3.5 x |
Quarterly
| USD | Q2, 2019 |
|---|---|
Cash | 2.5b |
Accounts Receivable | 181.0m |
Current Assets | 3.0b |
PP&E | 6.7b |
Goodwill | 862.9m |
Total Assets | 27.0b |
Accounts Payable | 1.3b |
Short-term debt | 535.9m |
Current Liabilities | 2.6b |
Long-term debt | 19.3b |
Total Debt | 19.8b |
Total Liabilities | 24.6b |
Common Stock | 170.0k |
Additional Paid-in Capital | 1.4b |
Retained Earnings | (4.0b) |
Total Equity | (2.3b) |
Debt to Equity Ratio | -8.6 x |
Debt to Assets Ratio | 0.7 x |
Financial Leverage | -11.8 x |
WeWork Cash Flow
Annual
| USD | FY, 2016 | FY, 2017 | FY, 2018 |
|---|---|---|---|
Net Income | (429.7m) | (933.5m) | (1.9b) |
Depreciation and Amortization | 89.0m | 162.9m | 313.5m |
Accounts Receivable | (13.9m) | (22.1m) | (69.4m) |
Accounts Payable | 12.9m | 96.4m | 147.6m |
Cash From Operating Activities | 176.9m | 244.0m | (176.7m) |
Purchases of PP&E | (776.1m) | (1.0b) | (2.1b) |
Cash From Investing Activities | (818.5m) | (1.4b) | (2.5b) |
Short-term Borrowings | (1.1m) | (1.3m) | (1.9m) |
Long-term Borrowings | (1.3m) | (3.6m) | (24.3m) |
Cash From Financing Activities | 727.9m | 2.7b | 2.7b |
Net Change in Cash | 84.0m | 1.6b | (7.2m) |
Quarterly
| USD | Q2, 2019 |
|---|---|
Net Income | (904.7m) |
Depreciation and Amortization | 255.9m |
Accounts Receivable | (83.3m) |
Accounts Payable | 112.5m |
Cash From Operating Activities | (198.7m) |
Purchases of PP&E | (1.3b) |
Cash From Investing Activities | (2.4b) |
Short-term Borrowings | (1.6m) |
Long-term Borrowings | (1.3m) |
Cash From Financing Activities | 3.4b |
Net Change in Cash | 884.7m |
WeWork Ratios
| USD | FY, 2016 |
|---|---|
Revenue/Employee | 359.9k |
Debt/Equity | -0.1 x |
Financial Leverage | -3.1 x |
WeWork Operating Metrics
WeWork's Backlog was reported to be $4b in Q2, 2019.
| FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | May, 2017 | Q2, 2017 | Jul, 2017 | Sep, 2017 | Q3, 2017 | FY, 2017 | Feb, 2018 | Mar, 2018 | Q1, 2018 | Apr, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | May, 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 k | 4 k | 5 k | 15 k | 40 k | 87 k | 128 k | 154 k | 186 k | 219 k | 268 k | 319 k | 401 k | 466 k | 527 k | |||||||
Workstations | 107 k | 154 k | 178 k | 214 k | 251 k | 301 k | 354 k | 466 k | 548 k | 604 k | |||||||||||||
Annual Revenue Run Rate | $600 m | $800 m | $1.10 b | $1.10 b | $1.50 b | $1.80 b | $2 b | $2.40 b | $3 b | $3.30 b | |||||||||||||
Backlog | $100 m | $500 m | $2.60 b | $3.50 b | $4 b | ||||||||||||||||||
Countries | 14 | 15 | 17 | 21 | 29 | ||||||||||||||||||
Active Cities (North America) | 41 | ||||||||||||||||||||||
Active Cities (South America) | 11 | ||||||||||||||||||||||
Active Cities (Europe) | 23 | ||||||||||||||||||||||
Active Cities (Middle East) | 8 | ||||||||||||||||||||||
Active Cities (Africa) | 2 | ||||||||||||||||||||||
Active Cities (Asia) | 32 | ||||||||||||||||||||||
Active Cities (Oceania) | 4 | ||||||||||||||||||||||
Desks For Rent | 251 k | ||||||||||||||||||||||
Office and Retail Space, square feet | 14 m |
