WTI (WTI) financial statements
WTI reported revenue of $501M in fiscal 2025, up 2.5% a year over 9 years.
Net income was -$150M and the operating margin -10.5%, against -82.6% in 2016.
The diluted share count rose 55% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from WTI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $400M | $487M | $581M | $535M | $347M | $558M | $921M | $533M | $525M | $501M |
| Selling, general and admin | $60M | $60M | $60M | $55M | $42M | $52M | $74M | $76M | $82M | $80M |
| Operating income | -$331M | $110M | $247M | $119M | $801,000 | $190M | $454M | $29M | -$42M | -$53M |
| Interest expense | — | $46M | $49M | $60M | $61M | $70M | $69M | $45M | — | — |
| Pre-tax income | -$292M | $67M | $249M | -$1M | $8M | -$50M | $285M | $34M | -$97M | -$99M |
| Income tax | -$43M | -$13M | $535,000 | -$75M | -$30M | -$8M | $54M | $18M | -$10M | $51M |
| Net income | -$249M | $80M | $249M | $74M | $38M | -$41M | $231M | $16M | -$87M | -$150M |
| EPS (diluted) | -$2.60 | $0.56 | $1.72 | $0.52 | $0.26 | -$0.29 | $1.59 | $0.11 | -$0.59 | -$1.01 |
| Diluted shares | 96M | 138M | 139M | 144M | 143M | 142M | 145M | 148M | 147M | 148M |
| Operating margin | -82.6% | 22.6% | 42.5% | 22.2% | 0.2% | 34.0% | 49.3% | 5.5% | -8.0% | -10.5% |
| Net margin | -62.3% | 16.4% | 42.8% | 13.9% | 10.9% | -7.4% | 25.1% | 2.9% | -16.6% | -29.9% |
Balance sheet
Fiscal years, from WTI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $70M | $99M | $33M | $32M | $44M | $246M | $461M | $173M | $109M | $141M |
| Receivables | $43M | $45M | $48M | $57M | $39M | $55M | $66M | $52M | $64M | $60M |
| Total current assets | $192M | $191M | $226M | $142M | $107M | $358M | $570M | $265M | $218M | $239M |
| Property, plant and equipment | $547M | $579M | $515M | $749M | $687M | $665M | $735M | $749M | $778M | $662M |
| Total assets | $830M | $908M | $849M | $1.0B | $941M | $1.2B | $1.4B | $1.1B | $1.1B | $956M |
| Total current liabilities | $203M | $168M | $186M | $190M | $115M | $324M | $792M | $217M | $246M | $234M |
| Long-term debt | $1.0B | $969M | $634M | $720M | $625M | $688M | $111M | $361M | $366M | $342M |
| Total liabilities | $1.5B | $1.5B | $1.2B | $1.3B | $1.1B | $1.4B | $1.4B | $1.1B | $1.2B | $1.2B |
| Shareholders' equity | -$659M | -$574M | -$325M | -$249M | -$208M | -$247M | $8M | $31M | -$53M | -$200M |
| Net debt | $950M | $893M | $600M | $687M | $582M | $485M | $232M | $217M | $284M | $210M |
Cash flow
Fiscal years, from WTI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $14M | $159M | $322M | $232M | $109M | $134M | $340M | $115M | $60M | $77M |
| Capital spending | — | — | $17M | — | — | — | — | — | — | — |
| Free cash flow | — | — | $305M | — | — | — | — | — | — | — |
| Stock-based compensation | $11M | $7M | $4M | $4M | $4M | $3M | $8M | $10M | $10M | $12M |
| Dividends paid | — | — | — | — | — | — | — | $1M | $6M | $6M |
| Free cash flow margin | — | — | 52.5% | — | — | — | — | — | — | — |
| Dividends per share | — | — | — | — | — | — | — | $0.01 | $0.04 | $0.04 |
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What was WTI's revenue in 2025?
$501M in fiscal 2025, from its 10-K filing.
From WTI's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.