Waldencast plc (WALD) Revenue History
Annual and quarterly revenue from 2020 to present
WALD Revenue Over Time (2020–2025)
WALD Revenue Growth History
4 of 5 years with positive growth- FY2020 revenue growth
- N/A
- FY2021 revenue growth
- +50.9%
- FY2022 revenue growth
- +16.6%
- FY2023 revenue growth
- +31.3%
- FY2024 revenue growth
- +25.5%
- FY2025 revenue growth
- -0.7%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $139.8M | -1.7% |
| Q2 2025 | $132.3M | +0.5% |
| Q4 2024 | $142.3M | +30.8% |
| Q2 2024 | $131.6M | +20.3% |
| Q4 2023 | $108.8M | +21.1% |
| Q2 2023 | $109.3M | +43.3% |
| Q4 2022 | $89.9M | +26.1% |
| Q2 2022 | $76.3M | +7.1% |
Revenue Breakdown (FY 2025)
WALD's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
WALD Revenue Analysis (2020–2025)
Current Revenue & Growth
As of June 22, 2026, Waldencast plc (WALD) generated trailing twelve-month (TTM) revenue of $545.9 million, reflecting slight decline in growth of -1.7% year-over-year. The most recent quarter (Q4 2025) recorded $139.8 million in revenue, up 5.7% sequentially.
Historical Growth Trajectory
WALD's 5-year compound annual growth rate (CAGR) stands at +23.6%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +17.9% is below the 5-year average, signalling a growth deceleration in recent years. Waldencast plc's highest annual revenue of $273.9 million was recorded in 2024.
Revenue by Segment
WALD's revenue is primarily driven by Product (99%), and Royalty (1%). With over half of revenue concentrated in Product, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Technology sector peers — including ELF (+24.6% YoY), COTY (-3.6% YoY), and IPAR (+1.9% YoY) — WALD has underperformed the peer group in revenue growth. Compare WALD vs ELF →
WALD Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| WALDCurrent | $546M | -1.7% | +23.6% | -22.7% | |
 ELF | $1.6B | +24.6% | +38.8% | 8.0% | |
 COTY | $5.9B | -3.6% | +4.5% | 4.1% | |
 IPAR | $1.5B | +1.9% | +22.5% | 18.2% | |
 SKIN | $301M | -8.2% | +20.4% | -6.9% | |
 EL | $14.3B | +0.4% | -0.0% | 6.7% |
WALD Historical Revenue Data (2020–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $272.1M | -0.7% | $123.8M | 45.5% | $-61,675,000 | -22.7% |
| 2024 | $273.9M | +25.5% | $131.7M | 48.1% | $-58,584,000 | -21.4% |
| 2023 | $218.1M | +31.3% | $141.6M | 64.9% | $-81,931,000 | -37.6% |
| 2022 | $166.1M | +16.6% | $39.4M | 23.7% | $-74,269,000 | -44.7% |
| 2021 | $142.5M | +50.9% | $87.4M | 61.4% | $-1,625,000 | -1.1% |
| 2020 | $94.4M | - | $65.3M | 69.2% | $528K | 0.6% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
6+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
WALD — Frequently Asked Questions
Quick answers to the most common questions about buying WALD stock.
Is WALD's revenue growth accelerating or slowing?
WALD revenue growth is slowing. TTM revenue is $546M, up -1.7% year-over-year — below the 5-year CAGR of +23.6%. The deceleration suggests maturing end-markets or increased competition.
What is WALD's revenue history from 2020 to 2026?
Waldencast plc (WALD) revenue history spans 2020 to 2026. TTM revenue as of 2026 is $546M, growing at -1.7% YoY. The 5-year CAGR is +23.6%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is WALD's long-term revenue growth rate (CAGR)?
Waldencast plc's 5-year revenue CAGR of +23.6% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -1.7% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for WALD.
Why does WALD's quarterly revenue fluctuate?
WALD quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Waldencast plc's revenue data from 2020 to 2026 shows full historical quarterly detail on this page.
How is WALD's revenue distributed by segment?
WALD reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does WALD's revenue compare to industry peers?
Waldencast plc (WALD) with TTM revenue of $546M and -1.7% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.