NASDAQ: YSWY
Yesway, Inc.CIK 0001859836 · SIC 5411 · Grocery Stores
Large by assets
Assets $2.1B
as of Aug 30, 2026
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8-K
Filed Aug 13, 2026
· Period ending Aug 13, 2026
Summary not yet generated.
10-Q
Filed Aug 13, 2026
· Period ending Jun 30, 2026
revenue $920.8M, net income $16.3M. Yesway reports 52.6¢/gal fuel margin in Q2 (up from 41.3¢), exits Iowa/Kansas stores
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10-Q
Filed Jun 2, 2026
· Period ending Mar 31, 2026
Yesway IPO raises; fuel margin jumps 1350bp, net income swings to -$47,546 profit
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8-K
Filed Jun 2, 2026
· Period ending Jun 2, 2026
Yesway reports Q1 2026 financial results in routine earnings disclosure
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8-K
Filed Apr 27, 2026
· Period ending Apr 21, 2026
Yesway completes $322M IPO, issues 47M shares in Class A common stock capital structure (full multi-class details, if any, are in the charter exhibit / prospectus — not disclosed in this filing body) with tax obligations
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Latest financial statements
From 10-Q filed Aug 13, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Income (Unaudited)
(dollars in thousands, except per share amounts)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenues (a) | 920,774 | 677,673 | 1,604,404 | 1,277,991 |
| Expenses: | ||||
| Cost of goods sold (exclusive of depreciation and amortization, shown separately below) (a) | 743,473 | 528,170 | 1,272,688 | 1,008,622 |
| Salaries and employee benefits | 55,617 | 50,032 | 105,329 | 99,128 |
| Selling, general, and administrative expenses | 56,812 | 48,496 | 103,169 | 94,294 |
| Depreciation, amortization, and accretion | 16,621 | 15,690 | 32,609 | 31,207 |
| Loss (gain) on disposal of assets | 507 | (1,446) | 421 | (2,191) |
| Total operating expenses | 873,030 | 640,942 | 1,514,216 | 1,231,060 |
| Income from operations | 47,744 | 36,731 | 90,188 | 46,931 |
| Other expense (income): | ||||
| Interest expense, net | 11,893 | 14,516 | 24,101 | 29,050 |
| Change in fair value of derivative liability | — | (2,100) | — | (800) |
| Total other expense, net | 11,893 | 12,416 | 24,101 | 28,250 |
| Income before income tax expense | 35,851 | 24,315 | 66,087 | 18,681 |
| Income tax expense | 6,197 | 158 | 6,197 | 158 |
| Net income | 29,654 | 24,157 | 59,890 | 18,523 |
| Net income attributable to non-controlling interest | 13,363 | — | 13,363 | — |
| Net income attributable to Yesway, Inc. and subsidiaries | 16,291 | 24,157 | 46,527 | 18,523 |
| (a) Includes excise taxes of approximately: | 66,309 | 60,742 | 125,283 | 115,059 |
| Period from April 23, 2026, to June 30, 2026 | ||||
| Earnings per share of Class A common stock: | ||||
| Basic | 0.21 | |||
| Diluted | 0.21 | |||
| Weighted-average shares of Class A common stock: | ||||
| Basic | 31,063,822 | |||
| Diluted | 31,236,787 | |||
Condensed Consolidated Balance Sheets (Unaudited)
(dollars in thousands)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | 81,608 | 36,592 |
| Accounts receivable, net of allowance for credit losses of $138 and $147 as of June 30, 2026, and December 31, 2025, respectively | 35,465 | 24,538 |
| Inventories | 89,380 | 83,171 |
| Prepaid expenses | 4,821 | 6,158 |
| Other current assets | 21,630 | 13,235 |
| Total current assets | 232,904 | 163,694 |
| Property and equipment, net | 868,189 | 868,559 |
| Intangible assets | 280,956 | 280,946 |
| Goodwill | 277,996 | 277,996 |
| Operating lease right-of-use assets, net | 342,457 | 332,655 |
| Finance lease right-of-use assets, net | 1,874 | 1,931 |
| Assets held for sale | 16,715 | 16,501 |
| Deferred tax assets | 35,439 | — |
| Other assets | 9,933 | 6,892 |
| Total assets | 2,066,463 | 1,949,174 |
| Liabilities, redeemable senior preferred membership interests, and stockholders'/members’ equity | ||
| Current liabilities: | ||
| Current maturities of debt | 4,100 | 4,100 |
| Current maturities of financing obligations | 2,097 | 2,034 |
| Current maturities of operating lease liabilities | 5,745 | 5,417 |
| Current maturities of finance lease liabilities | 70 | 68 |
| Due to affiliates | 70 | 46 |
| Accounts payable | 97,845 | 72,964 |
| Accrued expenses and other current liabilities | 47,000 | 49,072 |
| Total current liabilities | 156,927 | 133,701 |
| Debt, net of current maturities, debt discount, and debt issuance costs | 388,173 | 428,211 |
| Financing obligations, net of current maturities, debt discount, and debt issuance costs | 221,819 | 222,851 |
| Operating lease liabilities, net of current maturities | 328,173 | 316,451 |
| Finance lease liabilities, net of current maturities | 2,144 | 2,180 |
| Asset retirement obligations | 10,457 | 10,096 |
| Liabilities held for sale | 1,422 | 1,422 |
| Tax receivable agreement liability | 92,263 | — |
| Other noncurrent liabilities | 10,370 | 11,465 |
| Total liabilities | 1,211,748 | 1,126,377 |
| Commitments and contingencies (Note 16) | ||
| Redeemable senior preferred membership interests (0 and 150,000 shares authorized and outstanding, redemption value of $0 and $239,628 and liquidation preference amount of $0 and $239,628 as of June 30, 2026, and December 31, 2025, respectively) | — | 239,628 |
| Stockholders'/members' equity | ||
| Members' equity | — | 582,070 |
| Class A common stock, $0.0001 par value, 500,000,000 shares authorized, 31,185,561 issued and outstanding | 3 | — |
| Class B common stock, $0.0001 par value, 150,000,000 shares authorized, 32,009,185 issued and outstanding | 3 | — |
| Additional paid-in capital | 387,226 | — |
| Retained earnings | 6,574 | — |
| Total stockholders' equity attributable to Yesway, Inc./members' equity | 393,806 | 582,070 |
| Non-controlling interests | 460,909 | 1,099 |
| Total stockholders'/members’ equity | 854,715 | 583,169 |
| Total liabilities, senior preferred membership interests, stockholders' equity/members’ equity | 2,066,463 | 1,949,174 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(dollars in thousands)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash flows from operating activities | ||
| Net income | 59,890 | 18,523 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, amortization, accretion expense | 32,609 | 31,208 |
| Amortization of right-of-use assets | 5,749 | 4,167 |
| Amortization of deferred financing cost | 2,196 | 2,063 |
| Allowance for credit losses | 9 | 4 |
| Loss (gain) on disposal of assets | 421 | (2,191) |
| Equity-based compensation | 4,708 | — |
| Deferred income tax | 6,190 | — |
| Change in fair value of derivative liability | — | (800) |
| Changes in operating assets and liabilities, net | ||
| Accounts receivables | (10,936) | (6,019) |
| Inventories | (6,209) | 375 |
| Prepaid expenses | 1,338 | 1,347 |
| Other current assets BTS | (7,021) | 1,146 |
| Other current assets Other | (1,374) | (452) |
| Account payable Fuel | 24,649 | (1,541) |
| Account payable Other | 21 | (729) |
| Accrued expenses and other current liabilities | (3,603) | 3,534 |
| Lease liabilities | (2,642) | (2,127) |
| Other noncurrent liabilities | (1,094) | 699 |
| Due to/(from) affiliates | 24 | 25 |
| Net cash provided by operating activities | 104,925 | 49,232 |
| Cash flows from investing activities | ||
| Purchase of property and equipment | (35,133) | (48,149) |
| Acquisition of intangible assets | (10) | (1,354) |
| Proceeds from sale of assets | 618 | 4,020 |
| Other investing activities | (2,593) | (262) |
| Net cash used in investing activities | (37,118) | (45,745) |
| Cash flows from financing activities | ||
| Proceeds from revolver | — | 15,000 |
| Repayment of revolver | (40,000) | (15,000) |
| Repayment of borrowings from term loan | (2,050) | (2,050) |
| Cash paid for debt issuance costs | (110) | (599) |
| Proceeds from financing obligation | 2,489 | 2,868 |
| Repayment of financing obligation with lessors | (1,042) | (982) |
| Repayment of financing leases | (34) | (32) |
| Proceeds from issuance of common stock | 301,070 | — |
| Cash paid for IPO issuance costs | (7,338) | — |
| Distributions to redeemable senior preferred membership interests | (252,266) | (579) |
| Distributions to members | (23,510) | (6,191) |
| Distributions to noncontrolling interests | — | (26) |
| Net cash used in financing activities | (22,791) | (7,591) |
| Increase (decrease) in cash and cash equivalents | 45,016 | (4,104) |
| Cash and cash equivalents, beginning of period | 36,592 | 32,720 |
| Cash and cash equivalents, end of period | 81,608 | 28,616 |
Amounts as printed on the EDGAR/iXBRL face — (dollars in thousands, except per share amounts); (dollars in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗