WillScot Holdings Corp

Listed Company

WSCCIK 0001647088NasdaqLarge AcceleratedServices-Miscellaneous Equipment Rental & LeasingDelawareFY ends Dec 31

Period

FY 2025

Revenue

$2.28B

Net Income

$-52.99M

Total Assets

$5.82B

Equity

$856.25M

Shares Out

180.99M

Op. Cash Flow

$761.99M

WSC$27.23−10.33% · past yearDBEQ Basic

Daily closing prices

Business

WillScot Holdings Corp is a leading North American provider of turnkey temporary modular space and portable storage solutions for lease and sale. The company offers modular offices, classrooms, blast-resistant modules, clearspan structures, portable storage containers, climate-controlled units, and value-added products including furniture, power solutions, security systems, and connectivity packages. WillScot operates approximately 260 branch locations across the US, Canada, and Mexico, serving over 85,000 customers across 15 end markets including construction, commercial, industrial, government, energy, and education sectors.

Summary from 10-K filed 2026-02-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	2,281	2,396	2,365	2,143	1,673
Depreciation of rental equipment	334	302	266	257	219
Gross profit	1,164	1,302	1,334	1,135	845
Selling, general and administrative	582	631	596	567	480
Other depreciation and amortization	96	83	73	62	62
Restructuring costs	302	9	0	−86,000	12
Termination fee	0	180	0	0	—
Impairment loss on intangible asset	0	133	0	0	—
Currency losses, net	210,000	593,000	7	886,000	427,000
Other expense (income), net	2	3	−15	−7	2
Operating income	181	264	673	511	300
Interest expense, net	232	227	205	146	—
Loss on extinguishment of debt	5	0	0	0	6
(Loss) income from continuing operations before income tax	−55	37	468	365	151
Income tax (benefit) expense from continuing operations	−2	8	127	89	37
(Loss) income from continuing operations	−53	28	342	276	115
Income from discontinued operations before income tax	0	0	4	63	58
Gain on sale of discontinued operations	0	0	176	35	0
Income tax expense from discontinued operations	0	0	45	36	13
Income from discontinued operations	0	0	135	63	45
Net (loss) income	−53	28	476	340	160
Basic (in USD per share)	−0.29	0.15	1.72	1.27	0.51
Diluted (in USD per share)	−0.29	0.15	1.69	1.25	0.49
Basic (in USD per share)	0	0	0.68	0.3	0.2
Diluted (in USD per share)	0	0	0.67	0.28	0.2
Basic (in USD per share)	−0.29	0.15	2.4	1.57	0.71
Diluted (in USD per share)	−0.29	0.15	2.36	1.53	0.69
Basic (in shares)	182	188	199	217	227
Diluted (in shares)	182	190	202	221	233

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	15	9	11	7	6
Trade receivables, net of allowance for credit losses at December 31, 2025 and December 31, 2024 of $61,755 and $101,693, respectively	395	430	451	410	351
Inventories	46	47	47	41	30
Prepaid expenses	28	47	—	—	—
Other current assets	41	20	—	—	—
Assets held for sale	1	3	2	31	61
Total current assets	525	558	569	521	483
Rental equipment, net	3,093	3,378	3,381	3,077	2,778
Property, plant and equipment, net	390	363	341	305	—
Operating lease assets	311	267	246	219	219
Goodwill	1,258	1,201	1,177	1,011	1,014
Intangible assets, net	224	251	420	419	443
Other non-current assets	15	17	5	7	8
Total long-term assets	5,291	5,477	5,569	5,307	5,291
Total assets	5,816	6,035	6,138	5,828	5,774
Accounts payable	110	97	86	109	103
Accrued expenses	126	122	130	110	107
Accrued employee benefits	36	25	46	56	50
Deferred revenue and customer deposits	237	251	225	204	152
Operating lease liabilities - current	71	66	57	50	48
Current portion of long-term debt	31	25	19	13	12
Total current liabilities	611	585	562	562	518
Long-term debt	3,557	3,684	3,539	3,063	2,672
Deferred tax liabilities	492	506	554	401	306
Operating lease liabilities non-current	242	201	188	170	170
Other non-current liabilities	57	41	34	19	16
Long-term liabilities	4,349	4,431	4,315	3,700	3,259
Total liabilities	4,960	5,016	4,877	4,262	3,777
Preferred Stock: $0.0001 par, 1,000,000 shares authorized and zero shares issued and outstanding at December 31, 2025 and 2024	0	0	0	0	0
Common Stock: $0.0001 par, 500,000,000 shares authorized and 181,184,438 and 183,564,899 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	19,000	19,000	20,000	21,000	22,000
Additional paid-in-capital	1,726	1,836	2,089	2,887	3,617
Accumulated other comprehensive loss	−69	−71	−53	−70	−29
Accumulated deficit	−800	−747	−775	−1,252	−1,591
Total shareholders' equity	856	1,019	1,261	1,565	1,997
Total liabilities and shareholders' equity	5,816	6,035	6,138	5,828	5,774

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	430	385	339	344	318
Non-cash restructuring expense	302	0	0	—	—
Provision for credit losses	58	55	50	35	38
Gain on sale of discontinued operations	0	0	−176	−35	0
Gain on sale of rental equipment and other property, plant and equipment	−28	−27	−33	−31	−26
Amortization of debt discounts and debt issuance costs	12	13	11	12	14
Stock-based compensation expense	38	36	34	30	26
Deferred income tax (benefit) expense	−7	−45	142	101	37
Loss on settlement of foreign currency forward contract	0	0	8	0	0
Unrealized currency losses (gains), net	206,000	−56,000	−1	753,000	295,000
Other	4	5	3	4	—
Trade receivables	−19	−35	−76	−94	−105
Inventories	2	−529,000	−3	−12	−9
Prepaid expenses and other assets	−11	−12	−18	149,000	3
Operating lease assets and liabilities	1	939,000	1	856,000	473,000
Accounts payable and other accrued expenses	43	−1	−15	9	28
Deferred revenue and customer deposits	−16	27	20	42	23
Net cash provided by operating activities	762	562	761	745	540
Acquisitions, net of cash acquired	−145	−121	−562	−221	−147
Purchase of rental equipment and refurbishments	−318	−281	−227	−443	−278
Proceeds from sale of rental equipment	66	64	51	71	55
Purchase of property, plant and equipment	−24	−18	−22	−44	−30
Proceeds from sale of property, plant and equipment	3	2	13	2	17
Purchases of investments	−806,000	−8	0	0	—
Maturities of marketable securities	1	0	0	—	—
Proceeds from sale of discontinued operations	0	0	404	326	0
Payment for settlement of foreign currency forward contract	0	0	−8	0	0
Net cash used in investing activities	−417	−362	−350	−309	−384
Receipts from borrowings	1,186	1,317	1,911	964	729
Repayment of borrowings	−1,332	−1,196	−1,475	−589	−512
Payment of financing costs	−17	−8	−6	−8	0
Payments on finance lease obligations	−27	−19	−17	−42	−17
Receipts from issuance of Common Stock from the exercise of options	10	253,000	498,000	11	7
Repurchase and cancellation of Common Stock	−100	−278	−818	−752	−364
Taxes paid on employee stock awards	−10	−16	−14	−14	−7
Dividends paid	−51	0	0	—	—
Net cash used in financing activities	−341	−200	−419	−429	−168
Effect of exchange rate changes on cash and cash equivalents	2	−1	882,000	−882,000	−206,000
Net change in cash and cash equivalents	6	−2	−7	5	−12
Interest paid, net	217	216	185	130	104
Income taxes paid, net	16	46	33	25	10
Capital expenditures accrued or payable	17	20	20	21	28

Filings

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Frequently asked questions

What is WillScot Holdings Corp's CIK number?

WillScot Holdings Corp's SEC CIK number is 0001647088 (1647088). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find WillScot Holdings Corp's SEC filings?

All of WillScot Holdings Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did WillScot Holdings Corp last report earnings?

WillScot Holdings Corp (WSC) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001647088-26-000029). This is WillScot Holdings Corp's most recent earnings filing of record — not a forecast of its next earnings date.

What is WillScot Holdings Corp's most recent earnings 8-K?

WillScot Holdings Corp's latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001647088-26-000029. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View WillScot Holdings Corp's latest earnings 8-K →
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