0001722684-26-000007
SEC filingWyndham Hotels & Resorts, Inc. reported fiscal year 2025 results with net revenues of $1.43 billion, derived from fee-related and other revenues of $1.43 billion and cost reimbursements of $4.0 million. The company achieved operating income of $402.0 million and net income of $193.0 million. Key profitability drivers included controlled total expenses of $1.03 billion, with significant components being cost of revenues ($565.0 million), operating expenses ($168.0 million), and impairment charges ($86.0 million). The balance sheet shows total assets of $4.18 billion, with substantial goodwill ($1.52 billion) and intangible assets ($1.49 billion), offset by high leverage with total liabilities of $3.71 billion including long-term debt of $2.52 billion. Cash flow from operations was strong at $367.0 million, though net cash decreased by $49.0 million due to investing and financing activities including property additions ($46.0 million), loan advances ($58.0 million), debt repayments ($312.0 million), dividends ($127.0 million), and stock repurchases ($266.0 million).
Wyndham Hotels & Resorts reported fiscal year 2025 financial results with net revenues of $1.43 billion, operating income of $402.0 million, and net income of $193.0 million. The company generated earnings per share of $3.00 basic and $2.00 diluted. Total expenses amounted to $1.03 billion, comprising cost of revenues ($565.0 million), operating expenses ($168.0 million), general and administrative expenses ($125.0 million), depreciation and amortization ($62.0 million), impairment charges ($86.0 million), and other smaller expense items. Interest expense totaled $139.0 million, with income before taxes of $263.0 million and provision for income taxes of $70.0 million.
The company's revenue structure consists primarily of fee-related and other revenues totaling $1.43 billion, with additional cost reimbursements of $4.0 million. No segment breakdown or geographic mix is provided in the available data. The revenue composition appears concentrated in franchise and management fee streams typical of hotel franchising businesses, though specific revenue drivers by segment or geography are not disclosed in the provided information.
Operating margin calculated from the provided figures is 28.1% ($402.0 million operating income divided by $1.43 billion revenue). The cost structure shows cost of revenues representing 39.5% of total revenue. Impairment charges of $86.0 million significantly impacted profitability, representing 6.0% of revenue. Operating expenses accounted for 11.7% of revenue, while general and administrative expenses were 8.7% of revenue. Depreciation and amortization expenses were relatively modest at 4.3% of revenue.
Operating activities generated $367.0 million in cash flow, driven by net income of $193.0 million with significant adjustments including depreciation and amortization ($62.0 million), impairment ($86.0 million), and stock-based compensation ($43.0 million). Investing activities used $103.0 million primarily for property and equipment additions ($46.0 million) and loan advances ($58.0 million). Financing activities used $314.0 million for debt repayments ($312.0 million), dividends ($127.0 million), and stock repurchases ($266.0 million), partially offset by borrowings ($405.0 million). The balance sheet shows total assets of $4.18 billion with current assets of $435.0 million including cash ($64.0 million) and receivables ($291.0 million). Total liabilities of $3.71 billion include long-term debt of $2.52 billion, resulting in stockholders' equity of $468.0 million.
No forward-looking guidance, strategic priorities, or specific risk factors are provided in the available data. The filing presents historical financial results without management commentary on future expectations, growth initiatives, or identified risks that would typically appear in the Management Discussion & Analysis section of a complete 10-K filing.