WEWORK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
WeWork India delivered a record year in its first as a listed company. FY26 revenue reached ₹2,477.4 Cr, up 23.4% YoY, with Q4 revenue of ₹709.9 Cr (+28.6% YoY). Portfolio occupancy hit an all-time high of 86.9%, up 1,010 bps YoY, while operational desk capacity grew to 126.9k across 12 net new centres. EBITDA for the year was ₹499.2 Cr (20.2% margin), with Q4 at ₹164.7 Cr (23.2%). PAT more than doubled to ₹179.0 Cr (7.2% margin), compounding 8x over two years. Free cash flow from operations surged 44.3% to ₹585.5 Cr, converting at 1.2× EBITDA, enabling the company to become net debt negative (₹11.7 Cr surplus) for the first time. Credit rating was upgraded two notches to A+, and cost of borrowing fell 225 bps to 8.5%. The company enters FY27 with ₹1,885 Cr of core revenue already locked in (+38.1% YoY), citing structural AI-driven demand through GCCs as the primary growth catalyst.
The results demonstrate strong operating leverage with margins expanding while scaling capacity. The balance sheet is now net cash positive and the A+ rating signals financial stability, positioning the stock favorably for continued re-rating as the flex workspace market consolidates around the clear market leader.