Waldencast plc (WALD) Income Statement
WALD 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsWALD revenue and net income
Where WALD's revenue goes
2025Each bar shows an amount and its share of revenue. WALD kept −84.4% of revenue as net income.
WALD profit margins
WALD growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −0.7% | +24.1% | — | — |
| Gross profit | −6.0% | +12.3% | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
WALD quarterly EPS vs estimates
Waldencast beat the analyst EPS estimate in 3 of the last 8 quarters.
WALD income statement
| 2025 | 2024 | 2023 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Revenue | $272.1M | $273.9M | $218.1M | $142.5M | $94.4M |
| Cost of revenue | $148.2M | $82.1M | $76.6M | $55.0M | $29.1M |
| Gross profit | $123.8M | $131.7M | $141.6M | $87.4M | $65.3M |
| Research & development | — | — | $3.2M | $6.1M | $4.4M |
| Sales, general & admin | $248.0M | $201.8M | $220.3M | $71.6M | $60.4M |
| Total operating expenses | $185.5M | $185.3M | $223.5M | $89.1M | $64.8M |
| Operating income | −$61.7M | −$58.6M | −$81.9M | −$1.6M | $528,000 |
| Interest income | — | — | — | $53,193 | — |
| Interest expense | $25.1M | $17.2M | $18.9M | $11.1M | $6.3M |
| Income before taxes | −$262.2M | −$48.5M | −$112.9M | −$10.0M | −$5.8M |
| Income taxes | −$14.2M | $110,000 | −$7.0M | $9.6M | −$3.4M |
| Net income | −$229.7M | −$42.4M | −$90.0M | −$19.6M | −$2.4M |
| EBITDA | −$2.5M | $28.6M | −$33.5M | $15.0M | $13.9M |
| EPS (diluted) | −$0.37 | −$0.91 | −$0.39 | −$0.33 | −$0.03 |
| Gross margin | 45.5% | 48.1% | 64.9% | 61.4% | 69.2% |
| Operating margin | −22.7% | −21.4% | −37.6% | −1.1% | 0.6% |
| Net margin | −84.4% | −15.5% | −41.2% | −13.7% | −2.5% |
| Jun '26 | Dec '25 | Jun '25 | Dec '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Sep '22 | Jun '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $26.1M | $139.8M | $132.3M | $142.3M | $131.6M | $108.8M | $89.9M | $54.4M | $109.3M | $54.7M | $76.3M | $0 |
| Cost of revenue | $21.1M | $78.4M | $69.8M | $44.7M | $37.4M | $35.4M | $86.2M | $17.7M | $41.2M | $20.6M | $40.5M | $4.0M |
| Gross profit | $5.0M | $61.4M | $62.4M | $97.6M | $94.2M | $73.4M | $3.7M | $36.7M | $68.2M | $34.1M | $35.8M | −$4.0M |
| Research & development | — | — | — | $1.8M | $1.8M | $475,000 | $2.7M | $237,500 | $2.7M | $1.4M | $1.7M | — |
| Sales, general & admin | — | — | — | $125.4M | $119.9M | $89.4M | $4.0M | — | — | — | — | $4.4M |
| Total operating expenses | $45.9M | $91.7M | $93.8M | $128.6M | $121.7M | $120.1M | $58.0M | $67.5M | $100.6M | $51.7M | $47.3M | $4.4M |
| Operating income | −$40.9M | −$30.3M | −$31.4M | −$31.1M | −$27.5M | −$46.7M | −$54.3M | −$23.4M | −$35.2M | −$17.6M | −$11.5M | −$4.4M |
| Interest income | — | — | — | — | — | — | — | — | — | — | — | $257,251 |
| Interest expense | $5,000 | $12.4M | $12.7M | $8.4M | $8.7M | $10.1M | $9.6M | — | $8.8M | — | $3.3M | $7.0M |
| Income before taxes | −$94.8M | −$68.0M | −$194.2M | −$33.3M | −$15.3M | −$71.7M | −$139.0M | −$35.8M | −$41.3M | −$20.6M | −$14.1M | $2.8M |
| Income taxes | $67,000 | −$5.2M | −$9.0M | $2.5M | −$2.4M | −$2.5M | −$6.6M | $1.2M | −$4.5M | $2.3M | $893,000 | −$257,251 |
| Net income | −$106.3M | −$60.3M | −$169.4M | −$32.4M | −$10.1M | −$78.2M | −$107.2M | −$39.1M | −$11.8M | −$14.7M | −$15.3M | $2.8M |
| EBITDA | −$31.9M | −$1.2M | −$151.5M | −$366,000 | $1.7M | −$18.5M | −$106.2M | −$17.6M | −$23.7M | −$3.7M | $1.2M | $21.9M |
| EPS (diluted) | — | $0.00 | −$0.09 | −$0.28 | −$0.05 | −$0.49 | −$0.49 | $0.00 | $0.07 | $0.03 | −$0.06 | $0.06 |
| Gross margin | 19.2% | 43.9% | 47.2% | 68.6% | 71.6% | 67.5% | 4.1% | 67.5% | 62.4% | 62.4% | 46.9% | — |
| Operating margin | −156.8% | −21.7% | −23.7% | −21.8% | −20.9% | −42.9% | −60.5% | −42.9% | −32.2% | −32.2% | −15.1% | — |
| Net margin | −407.4% | −43.1% | −128.1% | −22.7% | −7.7% | −71.9% | −119.3% | −71.9% | −10.8% | −26.9% | −20.0% | — |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in WALD's financial statements (latest annual report filed March 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
WALD financial results
In fiscal year 2025 (ended December 31, 2025), Waldencast reported revenue of $272.1 million, down 0.7% from the year before. It had a net loss of $229.7 million, a net profit margin of −84.4%. Diluted earnings per share came to −$0.37.
See the WALD stock overview for the latest quote and news, or the WALD chart for price history and technical indicators.
WALD income statement FAQ
What is Waldencast's annual revenue?
Waldencast reported total revenue of $272.1 million for fiscal year 2025, which ended on December 31, 2025. That was down 0.7% from $273.9 million the previous year.
Is Waldencast profitable?
No. Waldencast reported a net loss of $229.7 million in fiscal 2025, a net profit margin of −84.4%; its operating margin was −22.7%.
What is Waldencast's gross margin?
Waldencast's gross margin was 45.5% in fiscal 2025: for every $100 of revenue, Waldencast kept $46 after the direct cost of its products and services.
What are Waldencast's earnings per share?
Waldencast earned $-0.37 per diluted share in fiscal 2025, compared with $-0.91 a year earlier.
When does Waldencast's fiscal year end?
Waldencast's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 13, 2026.