Citation
WeWork S-1 Filing
TL;DR
Losses of $1.9B in 2018 (losses exceeding revenue)
The S-1 filing revealed the thermodynamic reality of WeWork's business: $1.8B revenue against $1.9B losses in 2018, with burn rate doubling every 12 months and only 6 months cash runway at current burn. This filing triggered the 'thermal shock' that ultimately led to WeWork's collapse, demonstrating how transparency can expose companies operating at unsustainable temperatures.
Key Findings from Company) (2019)
- Revenue of $1.8B in 2018
- Losses of $1.9B in 2018 (losses exceeding revenue)
- Burn rate acceleration doubling every 12 months
- Cash runway of approximately 6 months at filing date