European Wax Center, Inc. Financials

EWCZ

Source SEC Filings (10-K/10-Q) Updated Oct 4, 2025 Currency USD FYE January

This page shows European Wax Center, Inc. (EWCZ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Earnings Quality Cash-Backed

5.40x

For every $1 of reported earnings, European Wax Center, Inc. generates $5.40 in operating cash flow ($56.5M OCF vs $10.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

N/A

EBITDA

N/A

Free Cash Flow

$56.0M

YoY+2.1%

5Y CAGR+59.9%

European Wax Center, Inc. generated $56.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 2.1% from the prior year.

Net Income

$10.5M

YoY+20.2%

European Wax Center, Inc. reported $10.5M in net income in fiscal year 2025. This represents an increase of 20.2% from the prior year.

EPS (Diluted)

N/A

Cash & Debt

N/A

Dividends Per Share

$3.30

YoY+0.0%

European Wax Center, Inc. paid $3.30 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

N/A

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

10.6%

YoY+3.3pp

European Wax Center, Inc.'s ROE was 10.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.3 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$40.1M

YoY+34.2%

European Wax Center, Inc. spent $40.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 34.2% from the prior year.

Capital Expenditures

$521K

YoY-33.6%

5Y CAGR-43.9%

European Wax Center, Inc. invested $521K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 33.6% from the prior year.

EWCZ Income Statement

Metric	FY25	FY24	FY22	FY21	FY20	FY19
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$2.2M-64.4%	$6.2M+111.5%	-$53.5M-47001.8%	$114K	$0	$0
Net Income	$10.5M+20.2%	$8.7M+19.6%	$7.3M+83.4%	$4.0M+118.5%	-$21.5M+11.9%	-$24.4M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'24	Q3'23
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	$14.3M+27.7%	$11.2M	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	$1.7M+42.0%	$1.2M	N/A	$1.8M
Net Income	$3.8M+0.8%	$3.8M+116.3%	$1.7M+17.2%	$1.5M-65.2%	$4.2M+53.7%	$2.8M	N/A	$2.9M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

EWCZ Balance Sheet

Metric	FY25	FY24	FY22	FY21	FY20	FY19
Total Assets	N/A	N/A	N/A	$100	N/A	N/A
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	N/A	N/A	N/A	$100	N/A	N/A
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	$328.6M0.0%	$328.6M0.0%	$328.6M	N/A
Total Liabilities	N/A	N/A	N/A	-$340.0M	N/A	N/A
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	$398.0M+121.1%	$180.0M	N/A	N/A
Total Equity	$98.5M-16.8%	$118.4M-8.1%	$128.9M-62.1%	$340.0M+66.8%	$203.9M-2.9%	$210.0M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'24	Q3'23
Total Assets	N/A	N/A	N/A	N/A	N/A	N/A	$734.1M	N/A
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$39.1M	N/A	N/A	N/A	N/A	N/A	$39.1M	N/A
Total Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	$619.1M	N/A
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$390.0M	N/A	N/A	N/A	N/A	N/A	$394.0M	N/A
Total Equity	$104.8M-1.0%	$105.9M+7.5%	$98.5M+0.6%	$97.9M-15.1%	$115.3M-2.7%	$118.4M+3.0%	$115.0M-14.1%	$133.8M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	-$110.9M	N/A

EWCZ Cash Flow Statement

Metric	FY25	FY24	FY22	FY21	FY20	FY19
Operating Cash Flow	$56.5M+1.6%	$55.6M+25.4%	$44.4M+7.3%	$41.3M+2859.6%	$1.4M-90.5%	$14.7M
Capital Expenditures	$521K-33.6%	$785K+220.4%	$245K-56.2%	$559K-74.1%	$2.2M-76.9%	$9.3M
Free Cash Flow	$56.0M+2.1%	$54.8M+24.3%	$44.1M+8.1%	$40.8M+5459.7%	-$761K-114.2%	$5.4M
Investing Cash Flow	-$386K+50.8%	-$785K-220.4%	-$245K+97.0%	-$8.2M+77.7%	-$36.8M+9.5%	-$40.7M
Financing Cash Flow	-$59.2M-27.5%	-$46.4M-26.7%	-$36.6M-37.9%	-$26.6M-142.9%	$61.9M+122.6%	$27.8M
Dividends Paid	$0	$0-100.0%	$122.2M	$0	$0	N/A
Share Buybacks	$40.1M+34.2%	$29.9M+196.8%	$10.1M	$0	$0	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'24	Q3'23
Operating Cash Flow	$17.3M+13.9%	$15.2M+19.6%	$12.7M-14.3%	$14.8M+2.9%	$14.4M+34.3%	$10.7M-36.0%	$16.7M-5.0%	$17.6M
Capital Expenditures	$810K+15.2%	$703K+6.5%	$660K+982.0%	$61K-67.0%	$185K+516.7%	$30K+172.7%	$11K-92.7%	$151K
Free Cash Flow	$16.5M+13.8%	$14.5M+20.3%	$12.0M-18.4%	$14.8M+3.8%	$14.2M+33.0%	$10.7M-36.1%	$16.7M-4.3%	$17.5M
Investing Cash Flow	-$810K-15.2%	-$703K-6.5%	-$660K-982.0%	-$61K+67.0%	-$185K-276.2%	$105K+1054.5%	-$11K+92.7%	-$151K
Financing Cash Flow	-$6.8M+24.0%	-$8.9M-158.4%	-$3.5M+84.6%	-$22.4M-18.3%	-$18.9M-494.6%	-$3.2M+88.6%	-$28.0M-234.6%	-$8.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0
Share Buybacks	$4.6M+1112.8%	$383K-64.0%	$1.1M-94.7%	$20.1M+101.4%	$10.0M	$0-100.0%	$23.6M+324.3%	$5.5M

EWCZ Financial Ratios

Metric	FY25	FY24	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	10.6%+3.3pp	7.3%+1.7pp	5.6%+4.5pp	1.2%	N/A	N/A
Return on Assets	N/A	N/A	N/A	3967000.0%	N/A	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	N/A	N/A	3.09+2.6	0.53	N/A	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'24	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	3.6%+0.1pp	3.5%+1.8pp	1.8%+0.3pp	1.5%-2.2pp	3.7%+1.4pp	2.3%	N/A	2.1%
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	4.26	N/A	N/A	N/A	N/A	N/A	3.43	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

Is European Wax Center, Inc. profitable?

Yes, European Wax Center, Inc. (EWCZ) reported a net income of $10.5M in fiscal year 2025.

Does European Wax Center, Inc. pay dividends?

Yes, European Wax Center, Inc. (EWCZ) paid $3.30 per share in dividends during fiscal year 2025.

What is European Wax Center, Inc.'s return on equity (ROE)?

European Wax Center, Inc. (EWCZ) has a return on equity of 10.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is European Wax Center, Inc.'s free cash flow?

European Wax Center, Inc. (EWCZ) generated $56.0M in free cash flow during fiscal year 2025. This represents a 2.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is European Wax Center, Inc.'s operating cash flow?

European Wax Center, Inc. (EWCZ) generated $56.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are European Wax Center, Inc.'s capital expenditures?

European Wax Center, Inc. (EWCZ) invested $521K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does European Wax Center, Inc. buy back shares?

Yes, European Wax Center, Inc. (EWCZ) spent $40.1M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Are European Wax Center, Inc.'s earnings high quality?

European Wax Center, Inc. (EWCZ) has an earnings quality ratio of 5.40x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.