Waldencast plc (WALD) Stock

Waldencast plc (WALD) is a Consumer Discretionary stock trading at $1.29 (as of 2026-08-21), with a market capitalization of $147.15M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Waldencast Acquisition Corp. a skin care company, provides advanced skin care treatments. Its products are designed to help minimize the appearance of premature skin aging, skin damage, hyperpigmentation, acne, and sun damage primarily available through dermatologists, plastic surgeons, medical spas, and other skin care professionals. Its portfolio includes Obagi Medical that provides transformational skin care products formulated to minimize signs of skin aging, address dark spots, hyperpigmentation, fine lines, and wrinkles and to protect and enhance skin tone and texture; and Obagi Clinical that offers skin care products designed to prevent the early signs of skin aging. The company was founded in 1988 and is based in White Plains, New York.

Understand Waldencast plc: how it makes money

Waldencast sells advanced skincare treatments (including Obagi Medical and Milk Makeup) aimed at reducing signs of premature skin aging, skin damage, hyperpigmentation, acne, and sun damage, mainly through dermatologists, plastic surgeons, medical spas, and other skin care professionals.

Waldencast’s profit engine is tied to demand coming from professional channels and core product strength, as shown by the importance of the Physician Dispensed Channel, Top 20 Core Products Percentage, plus the ability of its brands to generate attention through earned media and retail sell-through.

Business quality (Weak): The company appears to run a high gross margin skincare business, but the operating line is currently heavily loss-making, so investors typically need evidence that professional-channel strength and brand demand can scale into operating profitability.

Bull case

  • Professional-channel focus supports brand credibility: Products are designed for and primarily available through dermatologists, plastic surgeons, and other skin care professionals, and the KPI tracks physician dispensing concentration in top core products.
  • Brand demand generation is measurable via earned media: Earned media metrics are tracked for HydroGrip Gel Skin Tint and Obagi Medical, indicating the company monitors how marketing attention translates into product visibility.
  • Meaningful retailer distribution footprint for Milk Makeup: The KPI set includes United States retail sell-out and Ulta door count, which can help investors gauge retail engagement for Milk Makeup.

Bear case

  • Operating losses are large relative to gross margin: Gross margin is 69.9% while operating margin is -140.3%, which suggests operating costs and other items are not yet aligned with gross profit generation.
  • Conversion risk from attention to sales: The business tracks earned media impressions (for HydroGrip Gel Skin Tint and Obagi Medical) and large marketing reach metrics, but the gap between visibility and revenue conversion is a potential risk.
  • Channel and product concentration risk: A key metric is concentration of physician dispensing in top core products, so changes in what physicians choose to dispense could affect performance.
Valuation — source: SEC EDGAR (first-party)
Price$1.29
Market Cap$147.15M
Price / Book0.29
Price / Sales0.39
FCF Yield-30.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$272.07M
Net Margin-84.4%
Revenue Growth (YoY)-0.7%
EPS Growth (YoY)415.4%
FCF Growth (YoY)40.9%
Financial Health — source: SEC EDGAR
Altman Z-Score-1.13 (distress)
Piotroski F-Score3/9 (weak)
Valuation vs Sector & Industry
Sector P/E (Consumer Discretionary)20.7
Industry P/E (Consumer Goods)22.1
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderZeno Equity Partners LLP ($11.64M)
Institutional Holders Tracked10
Company
SectorConsumer Discretionary
IndustryConsumer Goods
CEOMichel Brousset
Employees335
CountryUS
IPO Date2021-05-12

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WALD earnings history · WALD institutional & insider holders · WALD KPIs & operating metrics · WALD financials · WALD investor presentations & press releases · WALD SEC filings · WALD peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.