OTC · Financial Statements

GWG Holdings, Inc. (GWGHQ) Financial Statements

$0.01 OTC: GWGHQ Market Cap $228358

GWG Holdings, Inc. most recently reported annual revenue of $124.0M, a net loss of $216.0M. Revenue grew at an average annual rate of 25.4% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

GWG Holdings, Inc.: Revenue rose from $18.0M in 2011 to $124.0M in 2020, a change of +588.9% over 9 years; net profit was positive in 1 of 10 reported years; the most recent year shows a net loss of $216.0M.

Income Statement — 10 Years (USD millions)

Metric2011201220132014201520162017201820192020
Revenue$18.0M$18.0M$33.0M$30.0M$40.0M$69.0M$64.0M$0$92.0M$124.0M
Operating Expenses$16.0M$17.0M$31.0M$39.0M$48.0M$69.0M$87.0M$119.0M$172.0M$349.0M
Operating Profit——————————
Operating Margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Other Income$0$0$0$0$0$0$0$0$0$0
Interest$8.0M$11.0M$21.0M$27.0M$30.0M$42.0M$54.0M$80.0M$115.0M$155.0M
Depreciation$0$0$0$0$0$0$0$0$0$1.0M
Profit Before Tax$1.0M$0$2.0M$-8.0M$-9.0M$1.0M$-23.0M$-119.0M$159.0M$-232.0M
Tax$291.0M$662.0M$110.0M$29.0M$40.0M$46.0M$9.0M$2.0M$45.0M$7.0M
Net Profit$-3.0M$-1.0M$0$-6.0M$-5.0M$0$-21.0M$-119.0M$87.0M$-216.0M
EPS$-0.28$-0.10$-0.21$-1.24$-1.25$-0.53$-5.72$-22.32$2.06$-6.01
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

MetricSep '18Dec '18Mar '19Jun '19Sep '19Dec '19Mar '20Jun '20Sep '20Mar '21Jun '21Sep '21
Revenue$21.0M$-60.0M$25.0M$24.0M$22.0M$21.0M$23.0M$29.0M$68.0M$8.0M$-4.0M$34.0M
Operating Expenses————————————
Operating Profit————————————
Operating Margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Interest$22.0M$25.0M$27.0M$28.0M$28.0M$31.0M$36.0M$37.0M$41.0M$41.0M$42.0M$45.0M
Profit Before Tax$-11.0M$-100.0M$-13.0M$-21.0M$-20.0M$216.0M$-102.0M$-34.0M$-21.0M$-67.0M$-76.0M$-47.0M
Tax$-42.0M$-4.0M$-35.0M$0$0$33.0M$16.0M$6.0M$-18.0M$0$0$-1.0M
Net Profit$-11.0M$-100.0M$-15.0M$-21.0M$-20.0M$144.0M$-86.0M$-32.0M$-24.0M$-67.0M$-76.0M$-48.0M
EPS$-2.52$-16.82$-0.57$-0.78$-0.75$4.15$-1.55$-0.79$-1.60$-2.62$-3.13$-2.44

Over the 10 years reported for GWG Holdings, Inc., cash stood at $117.0M in the latest year, shareholders' equity was $229.0M.

Balance Sheet — 10 Years (USD millions)

Metric2011201220132014201520162017201820192020
Total Assets$129.0M$198.0M$275.0M$323.0M$396.0M$643.0M$819.0M$1.5B$3.7B$3.7B
Current Assets——————————
Cash$2.0M$27.0M$33.0M$31.0M$34.0M$78.0M$114.0M$115.0M$82.0M$117.0M
Inventory——————————
Receivables——————————
Fixed Assets——————$2.0M$2.0M$2.0M$2.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments——————————
Other Assets$0$1.0M$1.0M$2.0M$2.0M$5.0M$9.0M$45.0M$2.4B$2.4B
Total Liabilities$116.0M$175.0M$256.0M$301.0M$380.0M$576.0M$685.0M$1.2B$1.8B$1.9B
Current Liabilities——————————
Borrowings——————————
Other Liabilities$116.0M$175.0M$256.0M$301.0M$380.0M$576.0M$685.0M$1.2B$1.8B$1.9B
Equity$8.0M$7.0M$3.0M$16.0M$15.0M$7.0M$7.0M$250.0M$233.0M$229.0M
Reserves$1.0M$-1.0M$-5.0M$22.0M$16.0M$67.0M$134.0M$281.0M$313.0M$251.0M

For GWG Holdings, Inc., operating cash flow was positive in 0 of 10 reported years; free cash flow in the latest year was negative at $182.0M; free cash flow was positive in 0 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2011201220132014201520162017201820192020
Operating Cash Flow$-20.0M$-27.0M$-31.0M$-43.0M$-38.0M$-66.0M$-81.0M$-95.0M$-143.0M$-182.0M
Investing Cash Flow$-10.0M$-14.0M$-30.0M$-8.0M$-34.0M$-90.0M$-73.0M$-114.0M$-122.0M$18.0M
Financing Cash Flow$31.0M$67.0M$68.0M$48.0M$76.0M$200.0M$180.0M$192.0M$255.0M$173.0M
Net Cash Flow$0$26.0M$6.0M$-3.0M$4.0M$44.0M$26.0M$-17.0M$-10.0M$8.0M
Free Cash Flow$-20.0M$-27.0M$-31.0M$-43.0M$-38.0M$-66.0M$-81.0M$-95.0M$-143.0M$-182.0M

Valuation & Return Ratios

MetricValue
PEG Ratio—
EV / EBITDA—
FCF Yield-79699.42%
Quick Ratio—
Interest Coverage—
Return 1Y—
Return 3Y—
Return 5Y—

GWG Holdings, Inc. (GWGHQ) financials — frequently asked questions

What is GWG Holdings, Inc.'s annual revenue?

GWG Holdings, Inc. (GWGHQ) reported annual revenue of $124.0M in its most recent fiscal year.

What is GWG Holdings, Inc.'s net profit?

GWG Holdings, Inc. (GWGHQ) reported a net loss of $216.0M in its most recent fiscal year.

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