WOTSO (WOT) Q4 2026 TU earnings summary

Executive summary

• Record quarterly revenue of $9.41M in Q4 FY26, up 15% year-over-year, with annualised revenue reaching $37.64M.

• Occupancy improved to 79% across 8,417 desks, with RevPAD rising to $371 as both mature and new locations contributed.

• Expansion included acquisition of a Wellington property and leases for two new sites, with agreements for five more locations for FY27.

Financial highlights

• Q4 FY26 revenue was $9.41M, up from $8.16M in Q4 FY25.

• Annualised revenue increased 15% year-over-year and 85% over five years.

• Flexspace contribution margin was 14.4%, totaling $1.36M after absorbing start-up losses.

• RevPAD increased from $350 to $371 year-over-year.

Outlook and guidance

• New Wellington site to open Q3 FY27 with 150 desks; two additional locations opening in FY27.

• Heads of agreement finalized for five more locations to open in FY27, supporting continued growth.