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Wework Inc
Previous close
$1.00
Year range
$1.00 - $1.00
Market cap
3.20M USD
Primary exchange
OTCMKTS
In the news
Financials
Income Statement
Revenue
Net income
| (USD) | 2022info | Y/Y change |
|---|---|---|
Revenue | 3.24B | 26.26% |
Operating expense | 3.81B | -12.70% |
Net income | -2.03B | 54.18% |
Net profit margin | -62.68 | 63.71% |
Earnings per share | -84.48 | — |
EBITDA | -526.00M | 68.78% |
Effective tax rate | -0.26% | — |
Balance Sheet
Total assets
Total liabilities
| (USD) | 2022info | Y/Y change |
|---|---|---|
Cash and short-term investments | 287.00M | -68.94% |
Total assets | 17.86B | -17.89% |
Total liabilities | 21.32B | -7.99% |
Total equity | -3.46B | — |
Shares outstanding | 17.78M | — |
Price to book | -0.00 | — |
Return on assets | -3.68% | — |
Return on capital | -3.98% | — |
Cash Flow
Net change in cash
| (USD) | 2022info | Y/Y change |
|---|---|---|
Net income | -2.03B | 54.18% |
Cash from operations | -733.00M | 61.66% |
Cash from investing | -294.00M | 15.27% |
Cash from financing | 397.00M | -83.02% |
Net change in cash | -636.00M | -885.19% |
Free cash flow | -492.88M | 63.04% |
About
WeWork Inc. is an American company headquartered in New York City that provides coworking spaces, including physical and virtual shared spaces, in approximately 600 buildings in 125 cities.
WeWork was founded in 2010 by Adam Neumann and Miguel McKelvey. Over the following 10 years, the company raised $12.8 billion in financing at valuations as high as $47 billion, mostly from the SoftBank Vision Fund, led by Masayoshi Son. In September 2019, the company filed documentation to become a public company and revealed issues with corporate governance. Investors forced both the cancellation of the IPO and the resignation of Neumann. The company went public via a merger with a SPAC instead, but filed for Chapter 11 Bankruptcy Protection on November 6, 2023. As part of the bankruptcy reorganization, in 2024, Cupar Grimmond acquired a 60% stake in the company, 20% was acquired by affiliates of SoftBank, and 20% was acquired by other investors. The company shrank its operations, selling all owned real estate and cancelling or amending hundreds of leases. Wikipedia
Founded
2010
Website
Employees
4,300
