Revenue
The following table presents the Company’s revenues by segment and major source (in thousands):
Fiscal Year Ended August 31, 2025Fiscal Year Ended August 31, 2024
AmericasEIMEAAsia-PacificTotalAmericasEIMEAAsia-PacificTotal
WD-40 Multi-Use Product$224,811 $181,604 $71,546 $477,961 $216,769 $168,450 $67,706 $452,925 
WD-40 Specialist$34,990 $35,651 $11,321 $81,962 $32,966 $30,876 $10,096 $73,938 
Other maintenance products (1)
$17,033 $12,963 $1,047 $31,043 $17,289 $12,741 $1,143 $31,173 
Total maintenance products$276,834 $230,218 $83,914 $590,966 $267,024 $212,067 $78,945 $558,036 
HCCP (2)
$13,765 $6,216 $9,038 29,019 $14,859 $8,978 $8,684 32,521 
Total net sales$290,599 $236,434 $92,952 $619,985 $281,883 $221,045 $87,629 $590,557 
(1)Other maintenance products consist of the 3-IN-ONE and GT85 brands.
(2)Homecare and cleaning products (“HCCP”).
The Company recorded approximately $38.5 million and $37.4 million in rebates/other discounts as a reduction to sales during fiscal years 2025 and 2024, respectively. The Company had a $11.8 million and $14.8 million balance in rebate/other discount liabilities as of August 31, 2025 and 2024, respectively, which are included in accrued liabilities on the Company’s consolidated balance sheets.
The Company recorded approximately $6.0 million and $5.8 million in cash discounts as a reduction to sales during fiscal years 2025 and 2024, respectively. The Company had a $0.5 million and $0.6 million balance in the allowance for cash discounts as of August 31, 2025 and 2024.
The Company had contract liabilities of $4.7 million and $4.3 million as of August 31, 2025 and 2024, respectively. All of the $4.3 million that was included in contract liabilities as of August 31, 2024 was recognized to revenue during fiscal year 2025. Contract assets are recorded if the Company has satisfied a performance obligation but does not yet have an unconditional right to consideration. The Company did not have any contract assets as of August 31, 2025 and 2024. The Company has an unconditional right to payment for all trade and other accounts receivable on the Company’s consolidated balance sheets.
The Company’s refund liability for sales returns was $0.4 million and $0.5 million as of August 31, 2025 and 2024. The Company records an amount to other current assets for the value of inventory that represents the right to recover products from customers associated with sales returns, which was not significant as of August 31, 2025 and 2024.

Historical Timeline

Fiscal YearFiled
2025Oct 27, 2025Showing above
2024Oct 21, 2024
2023Oct 23, 2023
2022Oct 24, 2022
2021Oct 22, 2021
2020Oct 21, 2020

About Revenue Disclosures

Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.

Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.