WALD (WALD) financial statements
WALD reported revenue of $272M in fiscal 2025, up 30.3% a year over 4 years.
Net income was -$230M and the operating margin -80.0%, against 0.6% in 2020.
Free cash flow was -$16M.
The diluted share count rose 1326% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from WALD's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $94M | $142M | $218M | $274M | $272M |
| Cost of revenue | $29M | $55M | $77M | $82M | $89M |
| Gross profit | $65M | $87M | $142M | $192M | $183M |
| Research and development | $4M | $6M | $3M | — | — |
| Selling, general and admin | $60M | $83M | $224M | $245M | $248M |
| Operating income | $528,000 | -$9M | -$82M | -$59M | -$218M |
| Interest expense | $6M | $11M | $19M | $17M | — |
| Pre-tax income | -$6M | -$10M | -$113M | -$49M | -$262M |
| Income tax | -$3M | $10M | -$7M | $110,000 | -$14M |
| Net income | -$2M | -$14M | -$90M | -$42M | -$230M |
| EPS (diluted) | -$0.30 | -$2.45 | -$0.99 | -$0.39 | -$2.01 |
| Diluted shares | 8M | 8M | 91M | 109M | 114M |
| Gross margin | 69.2% | 61.4% | 64.9% | 70.0% | 67.3% |
| Operating margin | 0.6% | -6.4% | -37.6% | -21.4% | -80.0% |
| Net margin | -2.5% | -10.1% | -41.2% | -15.5% | -84.4% |
Balance sheet
Fiscal years, from WALD's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $9M | $2M | $21M | $15M | $30M |
| Receivables | — | $19M | — | — | — |
| Inventory | — | $22M | $56M | $53M | $55M |
| Total current assets | $166,792 | $2M | $107M | $104M | $127M |
| Property, plant and equipment | — | $1M | $6M | $6M | $6M |
| Goodwill | $44M | $44M | $335M | $330M | $178M |
| Total assets | $166,792 | $347M | $1.0B | $976M | $746M |
| Total current liabilities | $177,743 | $367,953 | $63M | $77M | $75M |
| Long-term debt | — | $103M | $151M | $137M | $136M |
| Total liabilities | $177,743 | $57M | $273M | $246M | $246M |
| Shareholders' equity | -$10,951 | -$55M | $625M | $662M | $462M |
| Net debt | -$9M | $117M | $139M | $152M | $106M |
Cash flow
Fiscal years, from WALD's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | -$7M | -$815,682 | -$30M | -$9M | -$13M |
| Capital spending | $1M | $424,000 | $2M | $3M | $3M |
| Free cash flow | -$8M | -$1M | -$31M | -$12M | -$16M |
| Stock-based compensation | $0 | $0 | $9M | $9M | $12M |
| Dividends paid | $2M | $2M | $0 | — | — |
| Net borrowing | -$9M | $38M | -$9M | -$9M | -$9M |
| Free cash flow margin | -9.0% | -0.9% | -14.4% | -4.2% | -6.0% |
| Dividends per share | $0.26 | $0.25 | — | — | — |
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Open WALD in InvestinglyQuestions
What was WALD's revenue in 2025?
$272M in fiscal 2025, from its 10-K filing.
How much free cash flow does WALD generate?
-$16M in fiscal 2025 (operating cash flow minus capital spending).
From WALD's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.