European Wax Center, Inc. (EWCZ) Financials
Newest figures come from the 10-Q for Q1 FY2027, filed May 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the EWCZ SEC filings page.
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).
European Wax Center converts modest reported earnings into much larger cash generation, while capital returns and leverage make equity more sensitive.
From FY2024 through FY2026, operating cash flow stayed near$53M to$57M while net income remained around$9M to$10M , so reported earnings understate the cash produced by operations. Because free cash flow also stayed close to operating cash flow, capital spending is not absorbing the cash conversion; the larger gap is between accounting profit and cash generation.
Capital intensity is light: FY2026 capital expenditures were
The capital structure became more equity-sensitive before the latest debt figure disappeared: debt-to-equity climbed from 3.4x in FY2024 to 4.3x in FY2025 as equity contracted. FY2026 financing cash flow was
Financial Health Signals
European Wax Center, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
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
Earnings & Revenue
European Wax Center, Inc. reported $960K in net income in Q1 2027. This represents a decrease of 44.7% from the same quarter a year earlier.
Not reported for Q1 2027.
Not reported for Q1 2027.
Not reported for Q1 2027.
Cash & Balance Sheet
European Wax Center, Inc. recorded an outflow of $1.1M in free cash flow in Q1 2027, representing a cash shortfall after capex. This represents a decrease of 109.1% from the same quarter a year earlier. Against the prior quarter it is down 115.5%.
Not reported for Q1 2027.
Not reported for Q1 2027.
Margins & Returns
European Wax Center, Inc.'s ROE was 0.9% in Q1 2027, measuring profit generated per dollar of shareholder equity. This is down 0.9 percentage points from the same quarter a year earlier.
Not reported for Q1 2027.
Not reported for Q1 2027.
Not reported for Q1 2027.
Capital Allocation
European Wax Center, Inc. repurchased no shares in Q1 2027. This represents a decrease of 100.0% from the same quarter a year earlier.
European Wax Center, Inc. invested $1.7M in capex in Q1 2027, funding long-term assets and infrastructure. This represents an increase of 158.9% from the same quarter a year earlier. Against the prior quarter it is up 131.3%.
Not reported for Q1 2027.
EWCZ Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Interest Expense, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
EWCZ Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Total Assets, Current Assets, Cash & Equivalents, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Total Liabilities, Current Liabilities, Non-Current Liabilities, Retained Earnings.
EWCZ Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $618K-95.1% | $7.8M-52.9% | $17.3M+16.8% | $15.2M+5.5% | $12.7M+18.5% | $16.6M-1.1% | $14.8M-16.0% | $14.4M-15.4% |
| Depreciation & Amortization | $5.4M+8.3% | $5.4M+6.8% | $5.0M-0.6% | $5.0M-1.5% | $5.0M-2.2% | $5.0M-1.6% | $5.1M-1.2% | $5.1M+0.7% |
| Stock-Based Compensation | $1.9M-26.6% | N/A | N/A | N/A | $2.6M+85.5% | N/A | N/A | N/A |
| Capital Expenditures | $1.7M+158.9% | $739K+201.6% | $810K+1227.9% | $703K+280.0% | $660K+2100.0% | $245K+2127.3% | $61K-59.6% | $185K-30.2% |
| Free Cash Flow | -$1.1M-109.1% | $7.1M-56.8% | $16.5M+11.8% | $14.5M+1.9% | $12.0M+12.7% | $16.3M-2.5% | $14.8M-15.6% | $14.2M-15.2% |
| Investing Cash Flow | -$1.7M-158.9% | -$739K-201.6% | -$810K-1227.9% | -$703K-280.0% | -$660K-728.6% | -$245K-2127.3% | -$61K+59.6% | -$185K+30.2% |
| Financing Cash Flow | -$3.2M+6.3% | -$4.6M+68.6% | -$6.8M+69.6% | -$8.9M+52.8% | -$3.5M-8.6% | -$14.6M+47.8% | -$22.4M-167.7% | -$18.9M-140.8% |
| Share Buybacks | $0-100.0% | $0-100.0% | $4.6M-76.9% | $383K-96.2% | $1.1M | $10.0M-57.5% | $20.1M+263.0% | $10.0M |
Not reported in any period shown, so not listed: Dividends Paid.
EWCZ Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Assets, Current Ratio, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| European Wax Center, Inc. EWCZ | FY2026 | N/A | $8.7M | N/A | $319.4M | — |
| Waldencast plc WALD | FY2025 | $272.1M | -$229.7M | -84.4% | $111.9M | 39/100 |
| Acme United Corporation ACU | FY2025 | $196.5M | $10.2M | 5.2% | $239.6M | 59/100 |
| Big Tree Cloud Holdings Limited DSY | FY2025 | $2.6M | -$32.5M | N/A | $16.0M | 8/100 |
| Grove Collaborative Holdings, Inc. GROV | FY2025 | $173.7M | -$11.7M | -6.7% | $43.1M | 35/100 |
| SkinHealth Systems Inc. SKIN | FY2025 | $300.8M | -$9.5M | -3.2% | $68.3M | 29/100 |
Where European Wax Center, Inc. Ranks
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 return on equity (ROE)?
European Wax Center, Inc. (EWCZ) has a return on equity of 8.3% for fiscal year 2026, 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 $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.
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.