Also trades as: IWG.L (LSE) · $vol 8M

$2.40

+0.06 (+2.35%)

Weekly Expected Move ±4.0%

$2 $2 $2 $2 $3

OTC · Real Estate · Real Estate - Services · Tech Score Sell · Power 39 · $2.3B mcap · 697M float · 0.012% daily turnover · Short 62% of daily vol

Revenue

$2.9B -22.7% ▼

5Y CAGR: +3.3%

Gross Profit

$511M -53.7% ▼

5Y CAGR: +6.6%

Operating Income

$83M -83.6% ▼

Net Income

$14M -31.7% ▼

EPS (Diluted)

$0.01 -31.6% ▼

EBITDA

$354M -80.7% ▼

5Y CAGR: +4.8%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$2.2B	$2.8B	$3.0B	$3.7B	$2.9B
YoY Growth	-8.4%	+23.5%	+7.5%	+24.7%	-22.7%
Cost of Revenue	$1.9B	$2.2B	$2.4B	$2.6B	$2.3B
Gross Profit	$342M	$575M	$589M	$1.1B	$511M
Gross Margin	15.4%	20.9%	19.9%	29.9%	17.9%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$295M	$406M	$447M	$587M	$428M
Operating Expenses	$445M	$436M	$444M	$594M	$428M
Operating Income	-$87M	$147M	$145M	$510M	$83M
Operating Margin	-3.9%	5.3%	4.9%	13.8%	2.9%
Interest Expense	$208M	$269M	$417M	$439M	$82M
Income Before Tax	-$259M	-$105M	-$189M	$53M	$36M
Tax Expense	$10M	-$39M	$27M	$34M	$24M
Net Income	-$205M	-$69M	-$215M	$20M	$14M
Net Margin	-9.2%	-2.5%	-7.3%	0.5%	0.5%
EPS (Diluted)	$-0.20	$-0.07	$-0.21	$0.02	$0.01
EBITDA	$220M	$1.4B	$400M	$1.8B	$354M
Shares Outstanding	1.01B	1.01B	1.01B	1.02B	1.02B

Line Item	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2
Revenue	$1.5B	$1.5B	$1.5B	$1.5B	$2.2B	$1.3B	$1.9B	$1.9B
Cost of Revenue	$1.1B	$1.2B	$1.1B	$1.0B	$1.6B	$997M	$1.5B	$1.6B
Gross Profit	$327M	$323M	$365M	$441M	$663M	$350M	$419M	$379M
Gross Margin	22.3%	21.8%	24.8%	30.4%	29.6%	26.0%	21.8%	19.5%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$148M	$196M	$201M	$229M	$358M	$190M	$304M	$304M
Operating Expenses	$148M	$196M	$201M	$229M	$365M	$301M	$304M	$304M
Operating Income	$179M	$127M	$18M	$213M	$297M	$50M	$115M	$76M
Operating Margin	12.2%	8.6%	1.2%	14.7%	13.3%	3.7%	6.0%	3.9%
Interest Expense	$150M	$168M	$180M	$234M	$205M	$29M	$56M	$55M
Income Before Tax	-$35M	-$69M	-$119M	$35M	$18M	$10M	$33M	-$17M
Tax Expense	$5M	-$9M	$36M	$22M	$12M	$4M	$26M	-$19M
Net Income	-$40M	-$60M	-$155M	$13M	$7M	$8M	$7M	$2M
Net Margin	-2.7%	-4.0%	-10.5%	0.9%	0.3%	0.6%	0.4%	0.1%
EPS (Diluted)	$-0.04	$-0.06	$-0.15	$0.01	$0.01	$0.01	$0.01	$0.00
EBITDA	$737M	$713M	$243M	$379M	$292M	$160M	$290M	$257M
Shares Outstanding	1.01B	1.01B	1.01B	1.00B	1.02B	1.02B	993M	986M

IWGFF OTC