Waldencast plc Warrant (WALDW) Financials
Newest figures come from the 20-F for FY2025, filed Mar 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the WALDW SEC filings page.
Waldencast plc Warrant (WALDW) 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 (20-F and 6-K reports).
The business produces substantial gross profit, but overhead and reported charges currently absorb it, leaving little operating profit and weak cash conversion.
In FY2025, the net loss was$229.7M while operating cash flow was-$12.8M , so reported losses substantially exceeded cash outflow. Goodwill also fell46.1% during the year, reinforcing that non-cash or valuation-related charges likely shaped earnings more than day-to-day cash operations.
Gross profit margin was
Despite the losses, the balance sheet is not primarily debt-funded: debt-to-equity was 0.3x and liabilities were
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. 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 Warrant'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 Warrant has an operating margin of -80.0%, meaning the company loses $80 on every $100 of revenue. This results in a profitability score of 16/100. This is down from -21.4% the prior year.
Waldencast plc Warrant's revenue declined 0.7% year-over-year, from $273.9M to $272.1M. This contraction results in a growth score of 68/100.
Waldencast plc Warrant 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 70/100, indicating a strong balance sheet with room for future borrowing.
Waldencast plc Warrant's current ratio of 1.70 indicates adequate short-term liquidity, earning a score of 51/100. The company can meet its near-term obligations, though with limited headroom.
Waldencast plc Warrant'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 15/100.
Waldencast plc Warrant 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 18/100. This is down from -6.4% the prior year.
Waldencast plc Warrant 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 operating efficiency signals passes.
Waldencast plc Warrant 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.
Waldencast plc Warrant reported an operating loss of $217.5M against $25.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Waldencast plc Warrant generated $272.1M in revenue in fiscal year 2025. This represents a decrease of 0.7% from the prior year.
Waldencast plc Warrant's EBITDA was -$214.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. The change from the prior year is not meaningful, because that figure was zero or negative.
Waldencast plc Warrant reported a net loss of $229.7M in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Waldencast plc Warrant earned -$2.01 per diluted share (EPS) in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Cash & Balance Sheet
Waldencast plc Warrant recorded an outflow of $16.2M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
Waldencast plc Warrant 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 Warrant'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 Warrant'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 Warrant'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 Warrant'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 Warrant 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.
WALDW 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.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2120-F | FY2020-F |
|---|---|---|---|---|---|
| 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 | -$217.5Mn/m | -$58.6Mn/m | -$81.9M | -$1.6M-407.8% | $528K |
| EBITDA | -$214.4Mn/m | -$55.3Mn/m | -$21.4M | -$1.6M-407.8% | $528K |
| Interest Expense | $25.1M+46.3% | $17.2M-9.3% | $18.9M | $11.1M | N/A |
| Income Tax | -$14.2M-12999.1% | $110Kn/m | -$7.0M | $9.6M | N/A |
| Net Income | -$229.7Mn/m | -$42.4Mn/m | -$90.0M | -$19.6M | N/A |
| EPS (Basic) | -$2.01n/m | -$0.39n/m | -$0.99 | -$2.45n/m | -$0.30 |
| EPS (Diluted) | -$2.01n/m | -$0.39n/m | -$0.99 | -$2.45n/m | -$0.30 |
| Diluted Shares (Avg) | 114M+4.4% | 109M+19.9% | 91M | 8M0.0% | 8M |
No annual filing on record for: FY2022.
WALDW 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.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2120-F | FY2020-F |
|---|---|---|---|---|---|
| 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 |
| Short-Term Investments | $0n/m | $0n/m | $0 | $0 | 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 |
| Long-Term Investments | $0n/m | $0n/m | $0 | $0 | 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 |
| Non-Current Liabilities | $171.5M+1.5% | $169.0M-19.8% | $210.7M | $104.5Mn/m | $0 |
| 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 | $39.2Mn/m | -$11K |
| Retained Earnings | -$519.0Mn/m | -$289.2Mn/m | -$246.8M | -$64.8Mn/m | -$11K |
No annual filing on record for: FY2022.
WALDW 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 | FY2520-F | FY2420-F | FY2320-F | FY2120-F | FY2020-F |
|---|---|---|---|---|---|
| Operating Cash Flow | -$12.8Mn/m | -$8.8Mn/m | -$29.8M | $3.5M | N/A |
| Depreciation & Amortization | $3.1M-6.1% | $3.3M-94.5% | $60.5M | $0n/m | $0 |
| Stock-Based Compensation | $11.8M+25.6% | $9.4M+1.7% | $9.2M | $0n/m | $0 |
| Capital Expenditures | $3.4M+26.7% | $2.7M+70.2% | $1.6M | $424K | N/A |
| Free Cash Flow | -$16.2Mn/m | -$11.5Mn/m | -$31.4M | $3.1M | N/A |
| Investing Cash Flow | $76.2Mn/m | -$2.9Mn/m | -$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.
WALDW 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.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2120-F | FY2020-F |
|---|---|---|---|---|---|
| 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 |
| Liabilities-to-Equity | 0.53+0.2x | 0.37-0.1x | 0.44 | 3.70 | N/A |
| Asset Turnover | 0.36+0.1x | 0.28+0.1x | 0.21 | 0.77 | 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
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. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Waldencast plc Warrant WALDW | FY2025 | $272.1M | -$229.7M | -84.4% | N/A | 40/100 |
| Grupo Financiero Galicia SA GGAL | FY2025 | $4.4B | $145.6M | 3.3% | $4.7B | 56/100 |
| Himalaya Shipping Ltd. HSHP | FY2025 | $131.9M | $17.7M | 13.4% | $727.8M | 54/100 |
| Southern Copper Corporation SCCO | FY2025 | $13.4B | $4.3B | 32.3% | $142.7B | 86/100 |
| HDFC Bank Limited HDB | FY2026 | $26.6B | $7.5B | 28.2% | $129.3B | 61/100 |
| Ares Management Corporation ARES | FY2025 | $4.8B | $527.4M | 11.1% | $44.3B | 57/100 |
Where Waldencast plc Warrant Ranks
Frequently Asked Questions
Waldencast plc Warrant (WALDW) 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.
Waldencast plc Warrant (WALDW) revenue declined by 0.7% year-over-year, from $273.9M to $272.1M in fiscal year 2025.
No, Waldencast plc Warrant (WALDW) reported a net loss of $229.7M in fiscal year 2025, with a net profit margin of -84.4%.
Waldencast plc Warrant (WALDW) had EBITDA of -$214.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2025, Waldencast plc Warrant (WALDW) had $30.4M in cash and equivalents against $135.8M in long-term debt.
Waldencast plc Warrant (WALDW) had a gross margin of 67.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
Waldencast plc Warrant (WALDW) had an operating margin of -80.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
Waldencast plc Warrant (WALDW) had a net profit margin of -84.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Waldencast plc Warrant (WALDW) has a return on equity of -49.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Waldencast plc Warrant (WALDW) recorded an outflow of $16.2M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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.
Waldencast plc Warrant (WALDW) recorded an outflow of $12.8M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
Waldencast plc Warrant (WALDW) had $746.2M in total assets as of fiscal year 2025, including both current and long-term assets.
Waldencast plc Warrant (WALDW) invested $3.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Waldencast plc Warrant (WALDW) had a current ratio of 1.70 as of fiscal year 2025, which is generally considered healthy.
Waldencast plc Warrant (WALDW) had a debt-to-equity ratio of 0.29 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
Waldencast plc Warrant (WALDW) had a liabilities-to-equity ratio of 0.53 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
Waldencast plc Warrant (WALDW) had a return on assets of -30.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
At the end of fiscal year 2025, Waldencast plc Warrant (WALDW) held $30.4M in cash, cash equivalents and investments, and reported an operating cash outflow of $12.8M over that year. Dividing the one by the other, the reported balance equals about 28 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Waldencast plc Warrant (WALDW) 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.
Waldencast plc Warrant (WALDW) 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.
Waldencast plc Warrant (WALDW) reported an operating loss of $217.5M against $25.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
Waldencast plc Warrant (WALDW) scores 40 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average 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.