WeWork Inc.
Financial Performance
WeWork Revenue & Financials
Revenue
$3.2B (FY2022)
Employees
4,300
What is WeWork's revenue?
WeWork had $3.2B in revenue for fiscal year 2022, up 26.3% from 2021. It reported a net loss of $2B.
- Latest revenue
- $3.2B (FY2022)
- Year-over-year
- +26.3%
- Growth rate (CAGR)
- -2.1% over 3 years
- Peak revenue
- $3.5B (FY2019)
- Years of data
- 4
- Employees
- 4,300
- How much profit does WeWork make?
- WeWork reported a net loss of $2B for fiscal year 2022. sec.gov
- How many employees does WeWork have?
- WeWork has about 4,300 employees.
Financial Analysis
The latest audited figures are from FY2022, when WeWork reported revenue of $3.245 billion and a net loss attributable to the company of $2.034 billion. Revenue was $3.459 billion in 2019, $3.416 billion in 2020, and $2.570 billion in 2021. Since emerging from bankruptcy in June 2024 WeWork has not filed public financial statements. Press reports in 2025 said the smaller company reached break-even EBITDA in Q4 2024 and positive EBITDA in Q1 2025 while still being cash-flow negative.
Revenue Trend Analysis
YoY Change
+26.3%
3-Year CAGR
-2.1%
Peak Year
2019
Trend
Declining Trend
WeWork Inc. has 4 full fiscal year figures on this page, compounding at -2.1% annually over 3 years. The most recent year saw a 26.3% increase versus the prior year. Annual revenue peaked in fiscal year 2019 at $3.5B. Of 3 comparable year-over-year steps, 1 showed growth and 2 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2022 | $3.2B | -$2B | +26.3% | WeWork Inc. annual report (Form 10-K, SEC EDGAR, filed 2023-03-29) Fiscal year ended 2022-12-31. Net loss attributable to WeWork Inc.; total net loss including noncontrolling interests was about $2.3B. |
| FY2021 | $2.6B | -$4.4B | -24.8% | WeWork Inc. annual report (Form 10-K, SEC EDGAR, filed 2023-03-29) Fiscal year ended 2021-12-31. Net loss attributable to WeWork Inc. |
| FY2020 | $3.4B | -$3.1B | -1.2% | WeWork Inc. annual report (Form 10-K, SEC EDGAR, filed 2023-03-29) Fiscal year ended 2020-12-31. Net loss attributable to WeWork Inc. |
| FY2019 | $3.5B | -$3.3B | — | WeWork Inc. annual report (Form 10-K, SEC EDGAR, filed 2022-03-17) Fiscal year ended 2019-12-31. Net loss attributable to WeWork Inc. |
Click any row to see year details.
Keep researching WeWork
WeWork Revenue and Financial FAQ
What were WeWork's revenues prior to filing for bankruptcy?
In 2022, WeWork reported revenue of $3.245 billion, with preliminary 2023 revenues around $3.3 billion; however, massive lease expenses and overhead produced annual net losses exceeding $2 billion.
How much debt did WeWork eliminate through Chapter 11 bankruptcy?
WeWork erased approximately $4 billion in pre-petition funded debt, converting senior noteholders and SoftBank debt positions into equity in the reorganized private company.
How much did SoftBank invest and lose in WeWork?
SoftBank and its Vision Fund invested over $14 billion in equity, debt, and credit facilities into WeWork between 2017 and 2023, ultimately writing down the vast majority of its investment to near zero.
How much exit capital did WeWork secure upon leaving bankruptcy?
WeWork emerged from Chapter 11 in June 2024 backed by $450 million in new exit financing provided by real estate technology giant Yardi Systems and a consortium of institutional creditors.
How did lease restructuring affect WeWork's annual rent bill?
Through the bankruptcy court, WeWork reduced its annual rent obligations by more than $800 million per year, cutting total lifetime lease liabilities by roughly $8 billion.
What is WeWork's target desk occupancy rate for operational profitability?
With its lower lease cost basis post-restructuring, WeWork achieves building-level cash flow breakeven at roughly 70% occupancy, down from the unsustainable 85%+ threshold required before bankruptcy.
What happened to WeWork's public common stock (WE)?
WeWork's publicly traded common shares on the New York Stock Exchange and OTC markets were fully cancelled and rendered worthless upon the confirmation of its Chapter 11 reorganization plan.
What is WeWork's financial outlook as a private company?
As a debt-free private entity with a streamlined portfolio of approximately 330 premier global locations, WeWork operates with positive free cash flow and vastly reduced overhead.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "WeWork Revenue & Financials." CorpDigest, https://corpdigest.com/company/wework/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>WeWork reported $3.2B in revenue (FY2022).</strong><br>Source: <a href="https://corpdigest.com/company/wework/financials" target="_blank" rel="noopener">CorpDigest — WeWork financials</a></div>Related Financial Audits
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