Waldencast plc Financials
Waldencast plc (WALD) reported $272.1M in revenue for fiscal year 2025, down 0.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
High gross margins are being overwhelmed by a near-revenue-sized overhead base, making reported losses much harsher than cash use.
FY2025’s$229.7M net loss did not drain cash on the same scale, because operating cash flow was only-$12.8M . Versus FY2024, total assets fell by about$229.7M and goodwill by about$152.0M , which points to a large non-cash balance-sheet reset layered on top of an operating model that was already losing money.
Gross margin stayed high at
Liquidity looked better on the surface, with cash ending FY2025 at
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Waldencast plc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Waldencast plc has an operating margin of -80.0%, meaning the company loses $80 on every $100 of revenue. This results in a profitability score of 19/100. This is down from -21.4% the prior year.
Waldencast plc's revenue declined 0.7% year-over-year, from $273.9M to $272.1M. This contraction results in a growth score of 69/100.
Waldencast plc carries a low D/E ratio of 0.29, meaning only $0.29 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 68/100, indicating a strong balance sheet with room for future borrowing.
Waldencast plc's current ratio of 1.70 indicates adequate short-term liquidity, earning a score of 49/100. The company can meet its near-term obligations, though with limited headroom.
Waldencast plc's operations used $12.8M of cash, and capex of $3.4M added to the outflow, for a free cash flow shortfall of $16.2M. This results in a cash flow score of 18/100.
Waldencast plc posts a -49.7% return on equity (ROE), meaning it loses $50 for every $100 of shareholders' equity. This results in a returns score of 20/100. This is down from -6.4% the prior year.
Waldencast plc scores -1.06, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($173.2M) relative to total liabilities ($246.1M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Waldencast plc passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Waldencast plc reported a net loss of $229.7M while operations used $12.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Waldencast plc generated $272.1M in revenue in fiscal year 2025. This represents a decrease of 0.7% from the prior year.
Waldencast plc's EBITDA was -$214.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 287.9% from the prior year.
Waldencast plc reported -$229.7M in net income in fiscal year 2025. This represents a decrease of 441.3% from the prior year.
Waldencast plc earned -$2.01 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 415.4% from the prior year.
Cash & Balance Sheet
Waldencast plc recorded an outflow of $16.2M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 40.9% from the prior year.
Waldencast plc held $30.4M in cash against $135.8M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Waldencast plc's gross margin was 67.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.7 percentage points from the prior year.
Waldencast plc's operating margin was -80.0% in fiscal year 2025, reflecting core business profitability. This is down 58.6 percentage points from the prior year.
Waldencast plc's net profit margin was -84.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 68.9 percentage points from the prior year.
Waldencast plc's ROE was -49.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 43.3 percentage points from the prior year.
Capital Allocation
Waldencast plc invested $3.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 26.7% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
WALD Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY21 | FY20 |
|---|---|---|---|---|---|
| Revenue | $272.1M-0.7% | $273.9M+25.5% | $218.1M | $142.5M | N/A |
| Cost of Revenue | $89.1M+8.4% | $82.1M+7.3% | $76.6M | $55.0M | N/A |
| Gross Profit | $183.0M-4.6% | $191.7M+35.4% | $141.6M | $87.4M | N/A |
| R&D Expenses | N/A | N/A | $3.2M | $6.1M | N/A |
| SG&A Expenses | $248.0M+1.1% | $245.3M+9.7% | $223.5M | $83.0M | N/A |
| Operating Income | -$217.5M-271.3% | -$58.6M+28.5% | -$81.9M | -$1.6M-407.8% | $528K |
| Interest Expense | N/A | $17.2M-9.3% | $18.9M | $11.1M | N/A |
| Income Tax | -$14.2M-12999.1% | $110K+101.6% | -$7.0M | $9.6M | N/A |
| Net Income | -$229.7M-441.3% | -$42.4M+52.8% | -$90.0M | -$19.6M | N/A |
| EPS (Diluted) | -$2.01-415.4% | -$0.39+60.6% | -$0.99 | -$2.45-716.7% | -$0.30 |
No annual filing on record for: FY2022.
WALD Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY21 | FY20 |
|---|---|---|---|---|---|
| Total Assets | $746.2M-23.5% | $975.9M-6.4% | $1.0B | $184.6M+110568.4% | $167K |
| Current Assets | $126.9M+22.5% | $103.6M-3.5% | $107.3M | $59.0M+35295.6% | $167K |
| Cash & Equivalents | $30.4M+105.2% | $14.8M-29.8% | $21.1M | $12.8M | N/A |
| Inventory | $54.6M+2.8% | $53.1M-4.6% | $55.7M | $21.6M | N/A |
| Accounts Receivable | N/A | N/A | N/A | $18.7M | N/A |
| Goodwill | $177.6M-46.1% | $329.6M-1.5% | $334.6M | $44.5M | N/A |
| Total Liabilities | $246.1M+0.1% | $245.9M-10.1% | $273.4M | $145.3M+81673.7% | $178K |
| Current Liabilities | $74.5M-3.0% | $76.9M+22.6% | $62.7M | $40.8M+22857.3% | $178K |
| Long-Term Debt | $135.8M-1.0% | $137.1M-9.3% | $151.3M | $103.4M | N/A |
| Total Equity | $461.9M-30.3% | $662.3M+6.0% | $624.6M | $39.2M+358414.3% | -$11K |
| Retained Earnings | -$519.0M-79.4% | -$289.2M-17.2% | -$246.8M | -$64.8M-592074.2% | -$11K |
No annual filing on record for: FY2022.
WALD Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY21 | FY20 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$12.8M-45.3% | -$8.8M+70.4% | -$29.8M | $3.5M | N/A |
| Capital Expenditures | $3.4M+26.7% | $2.7M+70.2% | $1.6M | $424K | N/A |
| Free Cash Flow | -$16.2M-40.9% | -$11.5M+63.2% | -$31.4M | $3.1M | N/A |
| Investing Cash Flow | $76.2M+2710.5% | -$2.9M-46.4% | -$2.0M | -$3.8M | N/A |
| Financing Cash Flow | -$47.2M-946.0% | $5.6M-87.4% | $44.3M | $5.2M | N/A |
| Dividends Paid | N/A | N/A | $0 | $2.0M | N/A |
Not reported in any period shown, so not listed: Share Buybacks.
No annual filing on record for: FY2022.
WALD Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY21 | FY20 |
|---|---|---|---|---|---|
| Gross Margin | 67.3%-2.7pp | 70.0%+5.1pp | 64.9% | 61.4% | N/A |
| Operating Margin | -80.0%-58.6pp | -21.4%+16.2pp | -37.6% | -1.1% | N/A |
| Net Margin | -84.4%-68.9pp | -15.5%+25.7pp | -41.3% | -13.7% | N/A |
| Return on Equity | -49.7%-43.3pp | -6.4%+8.0pp | -14.4% | -49.9% | N/A |
| Return on Assets | -30.8%-26.4pp | -4.3%+4.3pp | -8.6% | -10.6% | N/A |
| Current Ratio | 1.70+0.4x | 1.35-0.4x | 1.71 | 1.45+0.5x | 0.94 |
| Debt-to-Equity | 0.29+0.1x | 0.210.0x | 0.24 | 2.64 | N/A |
| FCF Margin | -6.0%-1.8pp | -4.2%+10.2pp | -14.4% | 2.2% | N/A |
No annual filing on record for: FY2022.
Similar Companies
Where Waldencast plc Ranks
Frequently Asked Questions
What is Waldencast plc's annual revenue?
Waldencast plc (WALD) reported $272.1M in total revenue for fiscal year 2025. This represents a -0.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Waldencast plc's revenue growing?
Waldencast plc (WALD) revenue declined by 0.7% year-over-year, from $273.9M to $272.1M in fiscal year 2025.
Is Waldencast plc profitable?
No, Waldencast plc (WALD) reported a net income of -$229.7M in fiscal year 2025, with a net profit margin of -84.4%.
What is Waldencast plc's EBITDA?
Waldencast plc (WALD) had EBITDA of -$214.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Waldencast plc have?
As of fiscal year 2025, Waldencast plc (WALD) had $30.4M in cash and equivalents against $135.8M in long-term debt.
What is Waldencast plc's gross margin?
Waldencast plc (WALD) had a gross margin of 67.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Waldencast plc's operating margin?
Waldencast plc (WALD) had an operating margin of -80.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Waldencast plc's net profit margin?
Waldencast plc (WALD) had a net profit margin of -84.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Waldencast plc's return on equity (ROE)?
Waldencast plc (WALD) has a return on equity of -49.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Waldencast plc's free cash flow?
Waldencast plc (WALD) recorded an outflow of $16.2M in free cash flow during fiscal year 2025. This represents a -40.9% 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 Waldencast plc's operating cash flow?
Waldencast plc (WALD) recorded an outflow of $12.8M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Waldencast plc's total assets?
Waldencast plc (WALD) had $746.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Waldencast plc's capital expenditures?
Waldencast plc (WALD) invested $3.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Waldencast plc's current ratio?
Waldencast plc (WALD) had a current ratio of 1.70 as of fiscal year 2025, which is generally considered healthy.
What is Waldencast plc's debt-to-equity ratio?
Waldencast plc (WALD) had a debt-to-equity ratio of 0.29 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Waldencast plc's return on assets (ROA)?
Waldencast plc (WALD) had a return on assets of -30.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Waldencast plc's cash runway?
Based on fiscal year 2025 data, Waldencast plc (WALD) had $30.4M in cash against an annual operating cash burn of $12.8M. This gives an estimated cash runway of approximately 28 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Waldencast plc's Altman Z-Score?
Waldencast plc (WALD) has an Altman Z-Score of -1.06, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Waldencast plc's Piotroski F-Score?
Waldencast plc (WALD) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Waldencast plc's earnings high quality?
Waldencast plc (WALD) reported a net loss of $229.7M while operations used $12.8M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.
How financially healthy is Waldencast plc?
Waldencast plc (WALD) scores 41 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.