WSHP
WSHP
WeShop Holdings Limited Class A Ordinary SharesIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $140.4K ▼ | $57.65M ▲ | $-58.98M ▼ | -42.01K% ▼ | $-2.52 ▼ | $-58.27M ▼ |
| Q2-2025 | $266.14K ▼ | $2.34M ▼ | $-3.75M ▲ | -1.41K% ▼ | $-0.16 ▲ | $-2.47M ▲ |
| Q4-2024 | $545.27K ▼ | $2.75M ▲ | $-7.32M ▼ | -1.34K% ▼ | $-0.31 ▼ | $-6.09M ▼ |
| Q2-2024 | $765.52K | $1.96M | $-4.97M | -649.35% | $-0.21 | $-3.46M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $3.07K ▼ | $12.34M ▼ | $6.39M ▼ | $5.95M ▲ |
| Q2-2025 | $102.48K ▲ | $12.94M ▼ | $9.22M ▲ | $3.72M ▼ |
| Q4-2024 | $28.09K | $13.98M | $6.55M | $7.43M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $-58.98M ▼ | $-2.42M ▼ | $-1.1K ▼ | $2.33M ▲ | $-101.28K ▼ | $-2.42M ▼ |
| Q2-2025 | $-3.75M ▲ | $-1.87M ▼ | $-431.5 ▲ | $1.94M ▲ | $76.86K ▲ | $-1.87M ▼ |
| Q4-2024 | $-7.32M ▼ | $-1.56M ▼ | $-6.12K ▼ | $1.55M ▲ | $28.09K ▲ | $-1.56M ▼ |
| Q2-2024 | $-4.97M | $-663.39K | $0 | $562.54K | $0 | $-663.4K |
5-Year Trend Analysis
A comprehensive look at WeShop Holdings Limited Class A Ordinary Shares's financial evolution and strategic trajectory over the past five years.
WSHP combines a novel community‑ownership model with an asset‑light, technology‑driven approach, supported by a sizable base of intangible assets and a clear emphasis on AI and platform innovation. The company retains positive equity, has no long‑term debt, and has demonstrated some early traction through pilot programs and a growing roster of retail partners. Its differentiated positioning in social commerce could resonate with consumers and creators seeking more aligned incentives than traditional cashback or ad‑driven models.
The main risks are financial and execution‑related. Revenue is currently very small, gross margins are negative, and operating losses are substantial, leading to persistent cash burn. Liquidity is strained, with very limited cash, large short‑term obligations, and reliance on new borrowing or capital raises. Strategically, WSHP faces fierce competition from large, well‑funded players, possible regulatory and dilution challenges around equity rewards, and the uncertainty of whether its model can achieve scale and profitability in demanding markets like the US.
The outlook is highly uncertain and depends on a few pivotal developments: the company’s ability to accelerate user and merchant adoption, demonstrate that Shareback drives durable engagement, and significantly improve unit economics and cost discipline. If WSHP can translate its innovation into scale and more efficient operations, the business profile could improve meaningfully over time. If not, ongoing losses and tight liquidity increase the likelihood of restructuring, dilution, or strategic shifts. In short, the story is early, high‑risk, and heavily contingent on successful execution of its ambitious growth plans.
About WeShop Holdings Limited Class A Ordinary Shares
https://www.we.shopWeShop Holdings Limited, operating under the name WeShop, provides a distinctive social e-commerce platform. This platform is designed to incentivize users by offering rewards for their purchases of products from a wide array of brands, particularly those influenced by recommendations from their personal network.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $140.4K ▼ | $57.65M ▲ | $-58.98M ▼ | -42.01K% ▼ | $-2.52 ▼ | $-58.27M ▼ |
| Q2-2025 | $266.14K ▼ | $2.34M ▼ | $-3.75M ▲ | -1.41K% ▼ | $-0.16 ▲ | $-2.47M ▲ |
| Q4-2024 | $545.27K ▼ | $2.75M ▲ | $-7.32M ▼ | -1.34K% ▼ | $-0.31 ▼ | $-6.09M ▼ |
| Q2-2024 | $765.52K | $1.96M | $-4.97M | -649.35% | $-0.21 | $-3.46M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $3.07K ▼ | $12.34M ▼ | $6.39M ▼ | $5.95M ▲ |
| Q2-2025 | $102.48K ▲ | $12.94M ▼ | $9.22M ▲ | $3.72M ▼ |
| Q4-2024 | $28.09K | $13.98M | $6.55M | $7.43M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $-58.98M ▼ | $-2.42M ▼ | $-1.1K ▼ | $2.33M ▲ | $-101.28K ▼ | $-2.42M ▼ |
| Q2-2025 | $-3.75M ▲ | $-1.87M ▼ | $-431.5 ▲ | $1.94M ▲ | $76.86K ▲ | $-1.87M ▼ |
| Q4-2024 | $-7.32M ▼ | $-1.56M ▼ | $-6.12K ▼ | $1.55M ▲ | $28.09K ▲ | $-1.56M ▼ |
| Q2-2024 | $-4.97M | $-663.39K | $0 | $562.54K | $0 | $-663.4K |
5-Year Trend Analysis
A comprehensive look at WeShop Holdings Limited Class A Ordinary Shares's financial evolution and strategic trajectory over the past five years.
WSHP combines a novel community‑ownership model with an asset‑light, technology‑driven approach, supported by a sizable base of intangible assets and a clear emphasis on AI and platform innovation. The company retains positive equity, has no long‑term debt, and has demonstrated some early traction through pilot programs and a growing roster of retail partners. Its differentiated positioning in social commerce could resonate with consumers and creators seeking more aligned incentives than traditional cashback or ad‑driven models.
The main risks are financial and execution‑related. Revenue is currently very small, gross margins are negative, and operating losses are substantial, leading to persistent cash burn. Liquidity is strained, with very limited cash, large short‑term obligations, and reliance on new borrowing or capital raises. Strategically, WSHP faces fierce competition from large, well‑funded players, possible regulatory and dilution challenges around equity rewards, and the uncertainty of whether its model can achieve scale and profitability in demanding markets like the US.
The outlook is highly uncertain and depends on a few pivotal developments: the company’s ability to accelerate user and merchant adoption, demonstrate that Shareback drives durable engagement, and significantly improve unit economics and cost discipline. If WSHP can translate its innovation into scale and more efficient operations, the business profile could improve meaningfully over time. If not, ongoing losses and tight liquidity increase the likelihood of restructuring, dilution, or strategic shifts. In short, the story is early, high‑risk, and heavily contingent on successful execution of its ambitious growth plans.

CEO
Paul Ellerbeck
Compensation Summary
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Ratings Snapshot
Rating : D+

