W
WW INTERNATIONAL, INC.
WWCIK 0000105319NasdaqAcceleratedServices-Personal ServicesVirginiaFY ends Dec 31
Period
FY 2024
Revenue
$785.92M
Net Income
$-345.70M
Total Assets
$550.28M
Equity
$-1.11B
Shares Out
10.00M
Op. Cash Flow
$-16.84M
Business
WW INTERNATIONAL, INC. is a global weight management company combining science-backed behavioral programs and community to help members manage weight. It offers digital subscriptions, group workshops, a clinical telehealth service (WeightWatchers Clinic) that can provide medication management, and licensing/co‑branding of consumer products. Its primary operating categories are Digital, Workshops + Digital (Behavioral) and Clinical businesses, plus corporate offerings for employers and franchise arrangements. WW distributes its services via a proprietary app and Connect community, virtual and in‑person workshops, telehealth, franchise partners, employer/payer channels and licensing relationships.
Summary from filing dated 2025-02-28
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 | FY 2020 2020-12-31 |
|---|---|---|---|---|---|---|
| Revenue, net | 786 | 890 | 1,040 | 1,211 | 1,378 | |
| Cost of revenue | 253 | 360 | 418 | 484 | 600 | |
| Gross profit | 533 | 529 | 621 | 727 | 778 | |
| Marketing expenses | 236 | 238 | 245 | 261 | 261 | |
| Product development expenses | 42 | 47 | — | — | — | |
| Selling, general and administrative expenses | 176 | 218 | 264 | 269 | 297 | |
| Franchise rights acquired and goodwill impairments | 315 | 4 | 397 | — | 4 | |
| Operating (loss) income | −236 | 22 | −284 | 197 | 216 | |
| Interest expense | 109 | 96 | — | — | — | |
| Other expense (income), net | −1,000 | 72,000 | 2 | 1 | 349,000 | |
| (Loss) income before income taxes | −345 | −74 | −367 | 77 | 93 | |
| Provision for income taxes | 526,000 | 39 | −110 | 10 | 17 | |
| Net (loss) income | −346 | −112 | −257 | 67 | 75 | |
| Basic (per share) | −4.34 | −1.46 | −3.65 | 0.96 | 1.11 | |
| Diluted (per share) | −4.34 | −1.46 | −3.65 | 0.95 | 1.07 | |
| Basic (shares) | 80 | 77 | 70 | 70 | 68 | |
| Diluted (shares) | 80 | 77 | 70 | 71 | 70 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2025 2025-06-30 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 160 | 141 | 53 | 109 | 178 | |
| Restricted cash | 6 | 33 | 3 | — | — | |
| Receivables (net of allowances: December 31, 2025 - $1,651 and December 28, 2024 - $3,166) | 16 | 12 | 14 | 15 | 24 | |
| Prepaid income taxes | 8 | 41 | 12 | 25 | 19 | |
| Prepaid marketing and advertising | 9 | 6 | 5 | 10 | 8 | |
| Prepaid expenses and other current assets | 13 | 20 | 16 | 20 | 31 | |
| TOTAL CURRENT ASSETS | 214 | 252 | 103 | 179 | 281 | |
| Property and equipment, net | 8 | 10 | 16 | 20 | 28 | |
| Operating lease assets | 3 | 3 | 42 | 52 | 76 | |
| Goodwill | 200 | 199 | 240 | 243 | 156 | |
| Other intangible assets, net | 491 | 529 | 116 | 63 | 63 | |
| Deferred income taxes | 16 | 17 | 17 | 20 | 22 | |
| Other noncurrent assets | 15 | 13 | 18 | 18 | 15 | |
| TOTAL ASSETS | 947 | 1,024 | 550 | 982 | 1,028 | |
| Portion of operating lease liabilities due within one year | 1 | 9 | 8 | 10 | 18 | |
| Accounts payable | 9 | 10 | 18 | 19 | 19 | |
| Salaries and wages payable | 34 | 32 | 53 | 79 | 73 | |
| Accrued marketing and advertising | 23 | 10 | 13 | 18 | 18 | |
| Accrued interest | 1 | — | 11 | 5 | 5 | |
| Deferred acquisition payable | — | — | 16 | 17 | 1 | |
| Other accrued liabilities | 23 | 39 | 21 | 23 | 29 | |
| Income taxes payable | 6 | 3 | 2 | 2 | 2 | |
| Deferred revenue | 29 | 30 | 32 | 34 | 32 | |
| TOTAL CURRENT LIABILITIES | 127 | 133 | 173 | 205 | 197 | |
| Long-term debt, net | 465 | 466 | 1,431 | 1,426 | 1,422 | |
| Long-term operating lease liabilities | 2 | 3 | 44 | 53 | 68 | |
| Deferred income taxes | 34 | 43 | 15 | 42 | 25 | |
| Other noncurrent liabilities | 771,000 | 664,000 | 2 | 16 | 2 | |
| TOTAL LIABILITIES | 629 | 645 | 1,665 | 1,743 | 1,714 | |
| Commitments and contingencies (Note 16) | — | — | — | — | — | |
| Successor common stock, $0 par value; 1,000,000 shares authorized; 9,992 shares issued at December 31, 2025, Predecessor common stock, $0 par value; 1,000,000 shares authorized; 130,048 shares issued at December 28, 2024 | 379 | 379 | 0 | 0 | 0 | |
| Predecessor treasury stock, at cost, 49,997 shares at December 28, 2024 | — | — | −3,025 | −3,065 | −3,097 | |
| (Accumulated deficit) retained earnings | −62 | — | 1,936 | 2,315 | 2,417 | |
| Accumulated other comprehensive income (loss) | 1 | — | −26 | −11 | −5 | |
| TOTAL EQUITY (DEFICIT) | 318 | 379 | −1,114 | −761 | −686 | |
| TOTAL LIABILITIES AND TOTAL EQUITY (DEFICIT) | 947 | 1,024 | 550 | 982 | 1,028 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 | FY 2020 2020-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 38 | 52 | 44 | 49 | 51 | |
| Amortization of deferred financing costs and debt (premium) discount, net | 5 | 5 | 5 | 6 | 9 | |
| Impairment of intangible and long-lived assets | 481,000 | 1 | 3 | 521,000 | 1 | |
| Share-based compensation expense | 8 | 15 | 13 | 21 | 55 | |
| Deferred tax (benefit) provision | −27 | 20 | −146 | −16 | −1 | |
| Allowance for doubtful accounts | 2 | 1 | −460,000 | −214,000 | 411,000 | |
| Reserve for inventory obsolescence | 72,000 | 7 | 7 | 8 | 16 | |
| Foreign currency exchange rate loss (gain) | −2 | 263,000 | 2 | 744,000 | 719,000 | |
| Receivables | 2 | 17 | −8 | 5 | −4 | |
| Inventories | 91,000 | 14 | 4 | 2 | −26 | |
| Prepaid expenses | 19 | −4 | 9 | 2 | −5 | |
| Accounts payable | −508,000 | −54,000 | −3 | 373,000 | −4 | |
| Accrued liabilities | −15 | −12 | 21 | 960,000 | −29 | |
| Deferred revenue | −2 | 1 | −12 | −4 | −12 | |
| Other long term assets and liabilities, net | −15 | −4 | −2 | −8 | 2 | |
| Income taxes | 1 | −211,000 | −588,000 | −7 | 3 | |
| Cash provided by (used for) operating activities | −17 | 7 | 77 | 157 | 136 | |
| Capital expenditures | −718,000 | −2 | −2 | −2 | −21 | |
| Capitalized software and website development expenditures | −16 | −34 | −36 | −35 | −29 | |
| Cash paid for acquisitions, net of cash acquired | — | −38 | −4 | −13 | −10 | |
| Other items, net | −5,000 | −33,000 | −42,000 | −2 | −5 | |
| Cash used for investing activities | −16 | −75 | −43 | −53 | −66 | |
| Taxes paid related to net share settlement of equity awards | −839,000 | −2 | −2 | −7 | −7 | |
| Proceeds from stock options exercised | — | 718,000 | — | 4 | 8 | |
| Cash paid for acquisitions | −17 | −1 | −2 | −6 | — | |
| Other items, net | −4,000 | −48,000 | −112,000 | −151,000 | −192,000 | |
| Cash provided by (used for) financing activities | −17 | −3 | −5 | −112 | −96 | |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | −2 | 2 | −5 | −5 | 8 | |
| Net (decrease) increase in cash and cash equivalents and restricted cash | −53 | −69 | 25 | −12 | −17 |
Filings
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