European Wax Center, Inc. Financials

EWCZ

Source SEC Filings (10-K/10-Q) Updated Jan 3, 2026 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 7 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

6.10x

For every $1 of reported earnings, European Wax Center, Inc. generates $6.10 in operating cash flow ($53.0M OCF vs $8.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

$8.7M

YoY-17.0%

European Wax Center, Inc. reported $8.7M in net income in fiscal year 2026. This represents a decrease of 17.0% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$50.1M

YoY-10.5%

European Wax Center, Inc. generated $50.1M in free cash flow in fiscal year 2026, representing cash available after capex. This represents a decrease of 10.5% from the prior year.

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 2026. This represents an increase of 0.0% from the prior year.

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

$6.1M

YoY-84.8%

European Wax Center, Inc. spent $6.1M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 84.8% from the prior year.

Capital Expenditures

$2.9M

YoY+458.9%

5Y CAGR+6.2%

European Wax Center, Inc. invested $2.9M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 458.9% from the prior year.

EWCZ Income Statement

Metric	FY26	FY25	FY24	FY22	FY21	FY20
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	$4.7M+116.2%	$2.2M-64.4%	$6.2M+111.5%	-$53.5M-47001.8%	$114K	$0
Net Income	$8.7M-17.0%	$10.5M+20.2%	$8.7M+19.6%	$7.3M+83.4%	$4.0M+118.5%	-$21.5M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
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	N/A	N/A	$14.3M+27.7%	$11.2M
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	N/A	N/A	$1.7M+42.0%	$1.2M
Net Income	N/A	$3.8M+0.8%	$3.8M+116.3%	$1.7M	N/A	$1.5M-65.2%	$4.2M+53.7%	$2.8M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

EWCZ Balance Sheet

Metric	FY26	FY25	FY24	FY22	FY21	FY20
Total Assets	N/A	N/A	N/A	N/A	$100	N/A
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	N/A	N/A	N/A	N/A	$100	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	N/A	$328.6M0.0%	$328.6M0.0%	$328.6M
Total Liabilities	N/A	N/A	N/A	N/A	-$340.0M	N/A
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	$398.0M+121.1%	$180.0M	N/A
Total Equity	N/A	$98.5M-16.8%	$118.4M-8.1%	$128.9M-62.1%	$340.0M+66.8%	$203.9M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Total Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	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	$39.1M	N/A	N/A	N/A
Total Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	$390.0M	N/A	N/A	N/A
Total Equity	$104.9M+0.1%	$104.8M-1.0%	$105.9M+7.5%	$98.5M+7.6%	$91.6M-6.4%	$97.9M-15.1%	$115.3M-2.7%	$118.4M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

EWCZ Cash Flow Statement

Metric	FY26	FY25	FY24	FY22	FY21	FY20
Operating Cash Flow	$53.0M-6.2%	$56.5M+1.6%	$55.6M+25.4%	$44.4M+7.3%	$41.3M+2859.6%	$1.4M
Capital Expenditures	$2.9M+458.9%	$521K-33.6%	$785K+220.4%	$245K-56.2%	$559K-74.1%	$2.2M
Free Cash Flow	$50.1M-10.5%	$56.0M+2.1%	$54.8M+24.3%	$44.1M+8.1%	$40.8M+5459.7%	-$761K
Investing Cash Flow	-$2.9M-654.4%	-$386K+50.8%	-$785K-220.4%	-$245K+97.0%	-$8.2M+77.7%	-$36.8M
Financing Cash Flow	-$23.8M+59.8%	-$59.2M-27.5%	-$46.4M-26.7%	-$36.6M-37.9%	-$26.6M-142.9%	$61.9M
Dividends Paid	N/A	$0	$0-100.0%	$122.2M	$0	$0
Share Buybacks	$6.1M-84.8%	$40.1M+34.2%	$29.9M+196.8%	$10.1M	$0	$0

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	$7.8M-55.0%	$17.3M+13.9%	$15.2M+19.6%	$12.7M-23.2%	$16.6M+11.7%	$14.8M+2.9%	$14.4M+34.3%	$10.7M
Capital Expenditures	$739K-8.8%	$810K+15.2%	$703K+6.5%	$660K+169.4%	$245K+301.6%	$61K-67.0%	$185K+516.7%	$30K
Free Cash Flow	$7.1M-57.2%	$16.5M+13.8%	$14.5M+20.3%	$12.0M-26.1%	$16.3M+10.5%	$14.8M+3.8%	$14.2M+33.0%	$10.7M
Investing Cash Flow	-$739K+8.8%	-$810K-15.2%	-$703K-6.5%	-$660K-169.4%	-$245K-301.6%	-$61K+67.0%	-$185K-276.2%	$105K
Financing Cash Flow	-$4.6M+32.4%	-$6.8M+24.0%	-$8.9M-158.4%	-$3.5M+76.3%	-$14.6M+34.7%	-$22.4M-18.3%	-$18.9M-494.6%	-$3.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0-100.0%	$4.6M+1112.8%	$383K-64.0%	$1.1M-89.4%	$10.0M-50.4%	$20.1M+101.4%	$10.0M	$0

EWCZ Financial Ratios

Metric	FY26	FY25	FY24	FY22	FY21	FY20
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	N/A	10.6%+3.3pp	7.3%+1.7pp	5.6%+4.5pp	1.2%+11.7pp	-10.5%
Return on Assets	N/A	N/A	N/A	N/A	3967000.0%	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	N/A	N/A	N/A	3.09+2.6	0.53	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
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	N/A	3.6%+0.1pp	3.5%+1.8pp	1.8%	N/A	1.5%-2.2pp	3.7%+1.4pp	2.3%
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	N/A	N/A	N/A	N/A	4.26	N/A	N/A	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 $8.7M in fiscal year 2026.

Does European Wax Center, Inc. pay dividends?

Yes, European Wax Center, Inc. (EWCZ) paid $3.30 per share in dividends during fiscal year 2026.

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

European Wax Center, Inc. (EWCZ) generated $50.1M in free cash flow during fiscal year 2026. This represents a -10.5% 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 $53.0M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

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

European Wax Center, Inc. (EWCZ) invested $2.9M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Does European Wax Center, Inc. buy back shares?

Yes, European Wax Center, Inc. (EWCZ) spent $6.1M on share buybacks during fiscal year 2026, 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 6.10x, 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.