WSHP
WSHP
WeShop Holdings Limited Class A Ordinary SharesIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q2-2025 | $365.14K ▼ | $3.21M ▼ | $-5.15M ▲ | -1.41K% ▼ | $-0.22 ▲ | $-3.39M ▲ |
| Q4-2024 | $682.36K ▼ | $3.44M ▲ | $-9.16M ▼ | -1.34K% ▼ | $-0.39 ▼ | $-7.62M ▼ |
| Q2-2024 | $969K | $2.48M | $-6.29M | -649.35% | $-0.27 | $-4.38M |
What's going well?
The company cut its losses nearly in half, and gross profit improved significantly. Operating expenses were reduced, and EPS loss narrowed.
What's concerning?
Revenue nearly halved, costs are still much higher than sales, and the business is losing money on every dollar of revenue. Interest expense is rising, and there's no sign of profitability yet.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q2-2025 | $140.6K ▲ | $17.75M ▲ | $12.65M ▲ | $5.1M ▼ |
| Q4-2024 | $35.15K | $17.5M | $8.2M | $9.3M |
What's financially strong about this company?
There’s a small cash increase this quarter, and no hidden or unusual liabilities are reported. The company still has positive equity, so it hasn’t tipped into negative territory yet.
What are the financial risks or weaknesses?
Cash is far too low to cover immediate bills, and debt is rising quickly. Almost all assets are intangible, and the company has a long history of losses. Equity is shrinking fast, and more dilution or borrowing seems likely.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2025 | $-5.15M ▲ | $-2.56M ▼ | $-592 ▲ | $2.66M ▲ | $105.45K ▲ | $-2.56M ▼ |
| Q4-2024 | $-9.16M ▼ | $-1.95M ▼ | $-7.65K ▼ | $1.94M ▲ | $35.15K ▲ | $-1.95M ▼ |
| Q2-2024 | $-6.29M | $-839.73K | $0 | $712.07K | $0 | $-839.73K |
What's strong about this company's cash flow?
Net losses are shrinking, and capital spending is very low, so the company isn't tied down by heavy investments. No dilution from new shares or stock-based compensation.
What are the cash flow concerns?
Operating and free cash flow are both deeply negative, and the company relies on new debt to survive. Cash on hand is dangerously low, and working capital benefits are likely temporary.
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’s main strengths lie in its distinctive social-commerce model, strong community and ownership angle, and signs of improving financial discipline. The company has begun to rein in costs, reduce debt, and narrow its cash burn, which shows management responsiveness. Its ShareBack mechanism and social shopping features give it a differentiated story that can resonate with users and retail partners. Overall, it has an innovative concept and some early evidence of operational learning.
Key risks include persistent and substantial losses, a history of negative cash flows, and a balance sheet marked by heavy intangible assets and accumulated deficits. The business has not yet demonstrated consistent revenue growth or sustainable margins, leaving its economic model unproven. Liquidity and funding remain critical watch points, given shrinking cash and reliance on external financing. Competitive pressure from much larger players and the possibility of model imitation add strategic risk on top of financial uncertainty.
The outlook for WSHP is that of a high-risk, early-stage platform trying to turn a creative idea into a scalable, sustainable business. Continued improvements in cost control and cash burn are positive signs, but must be matched by more stable revenue growth and better unit economics to change the story meaningfully. If the company can execute on its innovation roadmap, deepen partnerships, and achieve scale without losing its unique identity, its position could strengthen over time. Until then, its future trajectory will be shaped by how quickly it can move from an interesting concept with loyal users to a financially resilient enterprise.
About WeShop Holdings Limited Class A Ordinary Shares
https://www.we.shopWeShop Holdings Limited, trading as WeShop, develops and operates a social e-commerce platform. The company's platform allows earning rewards for shopping of products from various brands which have been recommended by people known to them, that allows users to win prizes from their purchasing which can be withdrawn in the form of cash or can be donated to charities.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q2-2025 | $365.14K ▼ | $3.21M ▼ | $-5.15M ▲ | -1.41K% ▼ | $-0.22 ▲ | $-3.39M ▲ |
| Q4-2024 | $682.36K ▼ | $3.44M ▲ | $-9.16M ▼ | -1.34K% ▼ | $-0.39 ▼ | $-7.62M ▼ |
| Q2-2024 | $969K | $2.48M | $-6.29M | -649.35% | $-0.27 | $-4.38M |
What's going well?
The company cut its losses nearly in half, and gross profit improved significantly. Operating expenses were reduced, and EPS loss narrowed.
What's concerning?
Revenue nearly halved, costs are still much higher than sales, and the business is losing money on every dollar of revenue. Interest expense is rising, and there's no sign of profitability yet.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q2-2025 | $140.6K ▲ | $17.75M ▲ | $12.65M ▲ | $5.1M ▼ |
| Q4-2024 | $35.15K | $17.5M | $8.2M | $9.3M |
What's financially strong about this company?
There’s a small cash increase this quarter, and no hidden or unusual liabilities are reported. The company still has positive equity, so it hasn’t tipped into negative territory yet.
What are the financial risks or weaknesses?
Cash is far too low to cover immediate bills, and debt is rising quickly. Almost all assets are intangible, and the company has a long history of losses. Equity is shrinking fast, and more dilution or borrowing seems likely.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2025 | $-5.15M ▲ | $-2.56M ▼ | $-592 ▲ | $2.66M ▲ | $105.45K ▲ | $-2.56M ▼ |
| Q4-2024 | $-9.16M ▼ | $-1.95M ▼ | $-7.65K ▼ | $1.94M ▲ | $35.15K ▲ | $-1.95M ▼ |
| Q2-2024 | $-6.29M | $-839.73K | $0 | $712.07K | $0 | $-839.73K |
What's strong about this company's cash flow?
Net losses are shrinking, and capital spending is very low, so the company isn't tied down by heavy investments. No dilution from new shares or stock-based compensation.
What are the cash flow concerns?
Operating and free cash flow are both deeply negative, and the company relies on new debt to survive. Cash on hand is dangerously low, and working capital benefits are likely temporary.
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’s main strengths lie in its distinctive social-commerce model, strong community and ownership angle, and signs of improving financial discipline. The company has begun to rein in costs, reduce debt, and narrow its cash burn, which shows management responsiveness. Its ShareBack mechanism and social shopping features give it a differentiated story that can resonate with users and retail partners. Overall, it has an innovative concept and some early evidence of operational learning.
Key risks include persistent and substantial losses, a history of negative cash flows, and a balance sheet marked by heavy intangible assets and accumulated deficits. The business has not yet demonstrated consistent revenue growth or sustainable margins, leaving its economic model unproven. Liquidity and funding remain critical watch points, given shrinking cash and reliance on external financing. Competitive pressure from much larger players and the possibility of model imitation add strategic risk on top of financial uncertainty.
The outlook for WSHP is that of a high-risk, early-stage platform trying to turn a creative idea into a scalable, sustainable business. Continued improvements in cost control and cash burn are positive signs, but must be matched by more stable revenue growth and better unit economics to change the story meaningfully. If the company can execute on its innovation roadmap, deepen partnerships, and achieve scale without losing its unique identity, its position could strengthen over time. Until then, its future trajectory will be shaped by how quickly it can move from an interesting concept with loyal users to a financially resilient enterprise.

CEO
Paul Ellerbeck
Compensation Summary
(Year )
Ratings Snapshot
Rating : D+

