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WeWork India reported its first profitable fiscal year in 2025, ending a long stretch of financial losses. The coworking space provider recorded a profit after tax of approximately $15.4 million USD, a sharp turnaround from a loss of around $16.3 million USD the previous year, according to regulatory filings, according to Outlook Business.
Operating revenue rose 17% year-over-year to about $234.1 million USD, driven by continued demand for flexible workspaces across India. However, the company’s profitability was largely aided by a significant deferred tax gain of $34.3 million USD, a sharp rise from just $41,000 USD in FY24.
Without that tax gain, WeWork India would have remained in the red, as the company reported a pre-tax loss of $18.9 million USD, up from $16.3 million USD the year before.
The Embassy Group-backed company attributes its growth to market shifts toward hybrid work and increasing preference for managed office spaces in metro cities.
