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Get filing alertsRisk Profile Improvements
- Going Concern (removed) — Prior filing disclosed substantial doubt about ability to continue as going concern; removed following bankruptcy emergence and debt restructuring.
- Debt Default (removed) — Expected covenant violation (7.37:1.00 vs required 5.25:1.00 leverage ratio) and imminent default disclosed in baseline; resolved through bankruptcy restructuring.
- Goodwill Impairment (improved) — No impairment recorded in current period, but Behavioral reporting unit remains at risk with fair value cushion under 5%.
- Asset Impairment (improved) — No indefinite-lived intangible impairment recorded, but trade name asset at risk with fair value cushion under 10%.
WW emerges from bankruptcy with $1.1B debt discharged, but CEO exits amid subscriber losses
Filed May 7, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 6, 2025 · ~1 min read
Key Changes
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WW completed Chapter 11 bankruptcy in June 2025, discharging $1.6B in debt and issuing new $465M term loan. Fresh start accounting revalued all assets; prior-period comparisons now limited.
MD&A: Bankruptcy Emergence verify on EDGAR → -
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CEO Tara Comonte resigned March 2026; CFO and COO now serve as interim co-leaders. Total subscribers fell 22.6% year-over-year despite 46% Clinical growth, as legacy Behavioral business declined 25%.
Risk Factors & MD&A: Leadership verify on EDGAR → -
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Adjusted EBITDA swung from +$26.9M to -$1.8M as revenue dropped 10% to $168M. Operating cash flow turned negative $33.5M. New debt requires 100% sweep of cash above $100M each Q1.
MD&A: Financial Performance verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Generated by AI · Jun 16, 2026 3:36 PM