Here are the 10-Q quarterly reports from Yesway, Inc. (YSWY) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow YSWY and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full YSWY filings page.
Yesway, Inc. reported strong growth for the quarter and six months ended June 30, 2026, while completing a major capital restructuring tied to its April 23 IPO. Quarterly revenue was $920.8M versus $677.7M a year earlier, and six‑month revenue reached $1.60B versus $1.28B. Six‑month net income was $59.9M, up from $18.5M, with $46.5M attributable to Yesway.
Yesway operates 450 convenience stores across nine states, with six‑month fuel sales of $1.14B and inside merchandise sales of $453.8M. Operating cash flow increased to $104.9M from $49.2M, supporting higher cash and cash equivalents of $81.6M at June 30, 2026.
The company completed an IPO of 16.1M Class A shares at $20.00, generating $301.1M of net proceeds. Ultimate Parent used $251.5M of these proceeds to fully redeem $239.6M of Redeemable Senior Preferred Membership Interests, simplifying the capital structure. Total debt was $399.5M, with an additional $224.8M of sale‑leaseback financing obligations and $333.9M of long‑term operating lease liabilities. A new $92.3M Tax Receivable Agreement liability and related deferred tax assets were recorded. Non‑controlling interests represented 50.7% of Ultimate Parent’s economic interest. The company classified 30 Iowa and Kansas stores as held for sale, with no related impairment recorded.
Yesway, Inc. reports Q1 2026 as a holding-company shell while its operating subsidiary BW Ultimate Parent, LLC delivers strong results. Ultimate Parent generated $683.6 million in revenue for the three months ended March 31, 2026, up from $600.3 million a year earlier, and moved from a $5.6 million net loss to $30.2 million in net income. Cash and cash equivalents rose to $56.5 million from $31.2 million, while total debt stood at $430.5 million with significant lease and financing obligations.
Yesway itself recorded only holding-company expenses, with a $47.5 thousand net loss funded entirely through capital contributions from Ultimate Parent under an expense-sharing agreement. After quarter-end, Yesway completed an IPO of 16.1 million Class A shares, raising $301.1 million in net proceeds, which were used to acquire LLC interests, fully redeem $249.3 million of redeemable senior preferred membership interests, and pay down $20.0 million on its revolving credit facility. The company also adopted a new equity incentive plan authorizing up to 7.33 million Class A shares and granted 3.63 million restricted stock units at the IPO price.