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Waldencast plc

WALD NASDAQ Categories PDF
Technology · Software - Application · United States · Updated May 11, 3:46am
$1.80
Price
$212.8M
Market Cap
335
Employees
-0.10
Beta
Michel Brousset
CEO
Business Description

Waldencast Acquisition Corp. a skin care company, provides advanced skin care treatments. Its products are designed to help minimize the appearance of premature skin aging, skin damage, hyperpigmentation, acne, and sun damage primarily available through dermatologists, plastic surgeons, medical spas, and other skin care professionals. Its portfolio includes Obagi Medical that provides transformational skin care products formulated to minimize signs of skin aging, address dark spots, hyperpigmentation, fine lines, and wrinkles and to protect and enhance skin tone and texture; and Obagi Clinical that offers skin care products designed to prevent the early signs of skin aging. The company was founded in 1988 and is based in White Plains, New York.

Business History
Price Overview
Last updated: May 11, 2026 12:49pm (just now)
$1.75
-0.06 (-3.06%)
Day Range
$1.66 – $1.79
52-Week Range
$0.72 – $3.22
50-Day MA
$1.18
200-Day MA
$1.71
Volume
231,711.08
Analyst Price Targets
Low $2.00
Consensus $2.50
High $3.00
(9 analysts)
Share Structure
Outstanding 118,239,889.00
Float 12,455,035.00
Free Float 10.5%
Very low free float — 10.5% of shares trade freely, ~89.5% held by insiders/institutions
Thinly traded — expect wider bid-ask spreads and sharp price swings on modest volume. Institutional investors may avoid due to liquidity constraints.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
-0.90
Stock Price: $1.80
EPS (Diluted): -2.01
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
0.46
Stock Price: $1.80
Total Equity: $461.88M
Shares: 114,070,225
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
-2.12
Market Cap: $212.83M
Total Debt: $138.63M
Cash: $31.89M
EBITDA: -$2.49M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$331.6M
Market Cap: $212.83M
Total Debt: $138.63M
Cash: $31.89M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
45.5%
Gross Profit: $123.83M
Revenue: $272.07M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
-22.7%
Operating Income: -$61.68M
Revenue: $272.07M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
-84.4%
Net Income: -$229.75M
Revenue: $272.07M
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
-47.8%
Net Income: -$229.75M
Total Equity: $461.88M
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
-7.8%
Operating Income: -$61.68M
Tax Rate: 5.4%
Equity: $461.88M
Total Debt: $138.63M
Cash: $31.89M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
1.70
Current Assets: $126.94M
Current Liabilities: $74.55M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.30
Short-Term Debt: $2.88M
Long-Term Debt: $135.75M
Total Debt: $138.63M
Total Equity: $461.88M
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$2.39
Revenue: $272.07M
Shares: 114,070,225
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$4.05
Total Equity: $461.88M
Shares: 114,070,225
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$-0.14
Operating CF: -$12.82M
CapEx: -$3.43M
Shares: 114,070,225
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $1.80
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$229.75M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares WALD against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $142.5M $166.1M $218.1M $273.9M $272.1M
Cost of Revenue $55.0M $126.7M $76.6M $82.1M $148.2M
Gross Profit $87.4M $39.4M $141.6M $131.7M $123.8M
Operating Expenses $89.1M $113.7M $223.5M $185.3M $185.5M
Operating Income -$1.6M -$74.3M -$81.9M -$58.6M -$61.7M
Net Income -$19.6M -$116.6M -$90.0M -$42.4M -$229.7M
EBITDA $15.0M -$99.3M -$33.5M $28.6M -$2.5M
EPS $-0.45 $-1.08 $-0.89 $-0.39 $-2.01
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $12.8M $8.7M $22.6M $14.8M $31.9M
Total Current Assets $59.0M $91.0M $107.3M $103.6M $126.9M
Total Assets $184.6M $1.1B $1.0B $975.9M $816.2M
Current Liabilities $40.8M $72.5M $62.7M $76.9M $74.5M
Long-Term Debt $103.4M $159.2M $151.3M $137.1M $135.8M
Total Liabilities $145.3M $290.2M $273.4M $245.9M $316.1M
Total Equity $39.2M $639.2M $624.6M $662.3M $461.9M
Retained Earnings -$64.8M -$156.8M -$246.8M -$289.2M -$519.0M
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow $3.5M -$85.0M -$29.8M -$8.8M -$12.8M
Capital Expenditure -$1.3M -$2.5M -$2.0M -$3.0M -$3.4M
Free Cash Flow $2.2M -$87.5M -$31.8M -$11.8M -$16.2M
Acquisitions (net) $0 -$587.7M $0 $0 -$2.6M
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks $0 $0 $0 $0 $0
Net Change in Cash $4.9M -$3.3M $12.4M -$6.3M $15.6M
Analyst Estimates (Annual)
Metric 2024 2025 2026 2027
Revenue $272.4M
$270.6M – $275.1M
 $275.4M
$274.0M – $276.7M
 $291.9M
$283.5M – $300.3M
 $306.4M
$292.3M – $320.6M
EBITDA -$30.0M
-$30.3M – -$29.8M
 -$30.3M
-$30.4M – -$30.1M
 -$32.1M
-$33.0M – -$31.2M
 -$33.7M
-$35.3M – -$32.2M
Net Income -$19.4M
-$30.5M – -$8.3M
 -$200.4M
-$211.3M – -$189.6M
 -$69.2M
-$73.0M – -$65.4M
 -$65.8M
-$69.4M – -$62.2M
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth +16.6% +31.3% +25.5% -0.7%
Gross Profit Growth -54.9% +259.0% -7.0% -6.0%
Operating Income Growth -4,470.4% -10.3% +28.5% -5.3%
Net Income Growth -495.7% +22.8% +52.8% -441.3%
EBITDA Growth -759.6% +66.2% +185.4% -108.7%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2026-03-18 Brousset Michel 0.00 $0.00 $0
2026-03-18 Brousset Michel 0.00 $0.00 $0
2026-03-18 Brousset Michel 4,135,340.00 $3.98 $16.5M
2026-03-18 Brousset Michel 264,294.00 $0.00 $0
2026-03-18 Brousset Michel 2,311,113.00 $11.50 $26.6M
2026-03-18 Brousset Michel 1,424,166.00 $0.00 $0
2026-03-18 Souza Cristiano 0.00 $0.00 $0
2026-03-18 Souza Cristiano 712,083.00 $0.00 $0
2026-03-18 Souza Cristiano 4,892,767.00 $11.50 $56.3M
2026-03-18 Thompson Motta Roberto Moses 0.00 $0.00 $0
2026-03-18 Thompson Motta Roberto Moses 0.00 $0.00 $0
2026-03-18 Chatterley Aaron 0.00 $0.00 $0
2026-03-18 Chatterley Aaron 18,727.00 $0.00 $0
2026-03-18 Dutra Felipe 0.00 $0.00 $0
2026-03-18 Manfredi Manuel 0.00 $0.00 $0
2026-03-18 Manfredi Manuel 79,289.00 $0.00 $0
2026-03-18 Hickman Juliette 0.00 $0.00 $0
2026-03-18 Hickman Juliette 18,727.00 $0.00 $0
2026-03-18 Sebti Hind 0.00 $0.00 $0
2026-03-18 Sebti Hind 1,594,660.00 $3.98 $6.3M
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My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27