Quarterly ResultMay 7, 2026, 07:12 AM
WW International Q1 Revenue Down 10.9%; Net Loss $52M; Impairment Risk
AI Summary
WW International reported a net loss of $52.0 million for Q1 2026, an improvement from $72.6 million in Q1 2025, but revenue declined by 10.9% to $168.3 million. The financial statements reflect fresh start accounting following the company's emergence from Chapter 11 bankruptcy in June 2025, impacting comparability, especially for the significantly higher net loss per share of $(5.20). The company's Behavioral business saw a significant revenue decrease, while its Clinical business experienced growth, but overall cash flow from operations turned negative. Both goodwill for the Behavioral reporting unit and the trade name intangible asset were identified as being at risk for impairment.
Key Highlights
- Net revenue decreased 10.9% to $168.3 million in Q1 2026 from $186.6 million in Q1 2025.
- Net loss was $52.0 million in Q1 2026, compared to $72.6 million in Q1 2025.
- Basic net loss per share was $(5.20) in Q1 2026, compared to $(0.91) in Q1 2025.
- Behavioral Subscription Revenue fell to $128.5 million from $155.7 million.
- Clinical Subscription Revenue grew to $38.8 million from $29.5 million.
- Cash used in operating activities was $33.5 million, a shift from $15.0 million provided last year.
- Goodwill for the Behavioral unit and the trade name are at risk for impairment.
Price Impact
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