WW INTERNATIONAL, INC. WW
For more than sixty years, Weight Watchers has been one of the world's most effective weight management programs, designed to help millions of members live longer, healthier lives. Our unique approach to weight health was built on a simple idea: people trying to lose weight together succeed more often than those who go it alone.
In the early 1960s, founder Jean Nidetch invited friends to her apartment building for weight-loss meetings. Those informal meetings quickly evolved into an organized program, because Nidetch understood something about human psychology that has since been confirmed by modern behavioral science: accountability to others – not shame, but shared responsibility, encouragement, and belonging – is a catalyst for lasting change. That commitment to the transformative power of community, combined with the guidance of evidence-based science, helped turn Weight Watchers into the most recognized global brand in the field of weight loss.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $785.9M | $889.6M | $1.04B | $1.21B | $1.38B | $1.41B | $1.51B | $1.31B | $1.16B |
| Cost of revenue | — | $252.8M | $360.2M | $418.5M | $484.5M | $600.3M | $626.7M | $647.7M | $614.3M | $579.4M |
| Gross profit | — | $533.1M | $529.3M | $621.4M | $726.7M | $777.8M | $786.7M | $866.4M | $692.6M | $585.5M |
| SG&A | — | $175.7M | $217.6M | $263.8M | $268.6M | $297.3M | $254.7M | $251.1M | $211.2M | $190.3M |
| Operating income | — | -$236.2M | $22.3M | -$284.0M | $196.6M | $216.2M | $288.0M | $389.0M | $267.3M | $200.8M |
| Interest expense | — | $110.6M | $108.8M | $81.1M | $87.9M | $123.3M | $135.3M | $142.3M | $112.8M | — |
| Pre-tax income | — | -$345.2M | -$73.6M | -$366.8M | $77.0M | $92.5M | $151.0M | $244.1M | $145.1M | $84.1M |
| Income tax | — | $526.0K | $38.6M | $109.9M | $9.9M | $17.5M | $31.5M | $20.5M | $18.2M | $16.6M |
| Net income | $1.06B | -$345.7M | -$112.3M | -$256.9M | $67.1M | $75.1M | $119.6M | $223.7M | $163.5M | $67.7M |
| EPS, basic | — | -4.34 | -1.46 | -3.65 | 0.96 | 1.11 | 1.78 | 3.38 | 2.54 | 1.06 |
| EPS, diluted | — | -4.34 | -1.46 | -3.65 | 0.95 | 1.07 | 1.72 | 3.19 | 2.40 | 1.03 |
| Shares, diluted (wtd. avg.) | — | $79.6M | $76.7M | $70.3M | $70.7M | $70.0M | $69.5M | $70.1M | $68.2M | $65.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $140.6M | $53.0M | $109.4M | $178.3M | $153.8M | $165.9M | $182.7M | $237.0M | $83.1M | $108.7M |
| Receivables | $12.1M | $14.4M | $14.9M | $24.3M | $29.3M | $34.6M | $30.5M | $27.2M | $23.9M | $27.5M |
| Inventory | — | — | $68.0K | $20.5M | $30.6M | $39.5M | $27.2M | $25.9M | $31.7M | $32.6M |
| Total current assets | $252.3M | $102.6M | $179.5M | $281.3M | $271.2M | $299.2M | $295.4M | $366.4M | $209.0M | $235.2M |
| Property, plant and equipment | $9.7M | $15.8M | $19.7M | $28.2M | $37.2M | $51.9M | $54.1M | $52.2M | $48.0M | $49.6M |
| Goodwill | $199.1M | $239.6M | $243.4M | $156.0M | $157.4M | $155.6M | $157.9M | $152.5M | $156.3M | $166.1M |
| Other intangibles | $490.7M | $115.8M | — | — | — | — | — | — | — | $58.6M |
| Total assets | $1.02B | $550.3M | $982.0M | $1.03B | $1.43B | $1.48B | $1.50B | $1.41B | $1.25B | $1.27B |
| Accounts payable | $9.8M | $17.8M | $18.5M | $18.9M | $22.4M | $23.1M | $29.1M | $27.1M | $24.4M | $40.6M |
| Short-term debt | — | — | — | — | — | $77.0M | $96.2M | $77.0M | $82.8M | $21.0M |
| Total current liabilities | $133.1M | $173.3M | $205.5M | $196.6M | $229.1M | $340.1M | $394.1M | $341.3M | $343.0M | $292.4M |
| Long-term debt | $465.5M | $1.43B | $1.43B | $1.42B | $1.42B | $1.41B | $1.48B | $1.67B | $1.74B | $1.98B |
| Total liabilities | $645.0M | $1.66B | $1.74B | $1.71B | $1.89B | $2.03B | $2.18B | $2.22B | $2.26B | $2.47B |
| Retained earnings | -$62.1M | $1.94B | $2.31B | $2.42B | $2.68B | $2.62B | $2.50B | $2.38B | $2.20B | $2.06B |
| Total equity | $378.5M | -$1.11B | -$761.1M | -$685.8M | -$452.9M | -$544.9M | -$685.5M | -$808.9M | -$1.02B | -$1.21B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | -$16.8M | $6.7M | $76.6M | $157.3M | $135.9M | $182.4M | $295.6M | $222.3M | $119.0M |
| Depreciation and amortisation | — | $4.2M | $10.0M | $10.1M | $54.7M | $59.5M | $54.3M | $52.6M | $57.0M | $58.7M |
| Stock-based compensation | — | $7.8M | $15.2M | $13.0M | $21.3M | $55.0M | $20.5M | $20.2M | $14.9M | $6.5M |
| Capital expenditure | — | $718.0K | $2.5M | $2.1M | $2.4M | $21.5M | $17.2M | $19.1M | $13.7M | $5.6M |
| Investing cash flow | — | -$16.4M | -$74.7M | -$42.6M | -$52.8M | -$65.6M | -$52.6M | -$64.0M | -$40.8M | -$37.5M |
| Financing cash flow | — | -$17.3M | -$2.7M | -$4.7M | -$111.5M | -$95.5M | -$183.0M | -$74.4M | -$211.5M | -$212.2M |
| Dividends paid | — | — | — | — | — | — | — | $0 | $0 | $11.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-197135.
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