WeWork Statistics at a Glance
WeWork’s numbers show a business that was still large, still global, and still trying to stabilize its operating model across 2022 and 2023. The clearest story in the data is scale: hundreds of locations, hundreds of thousands of workstations, and enough membership activity to keep the business operating at a major international footprint.
Table of Contents
- Fast facts
- WeWork scale by year
- Revenue and profitability signals
- Membership and occupancy data
- Product and sales mix
- Liquidity and financing
- What the statistics suggest
Fast Facts
Big number: WeWork had over 500,000 members worldwide in 2024 (WeWork About Us).
Location scale: WeWork had 500+ locations worldwide in 2024 (WeWork Unveils How We Worked in 2024).
2023 footprint: WeWork’s 2023 year-in-review covered 595 global locations (WeWork Introduces 2023 Year in Review).
Systemwide reach: On December 31, 2022, WeWork’s systemwide portfolio had 779 locations across 39 countries (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results).
Operational load: That same systemwide portfolio supported approximately 906,000 workstations and 682,000 physical memberships at the end of 2022 (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results).
WeWork Scale by Year
The easiest way to read the dataset is to compare the company across the dates it reported. The footprint moved from a very large 2022 base into a still-substantial 2023 operating range, while 2024 public-facing references continued to describe a company with half a million-plus members and more than 500 locations worldwide (WeWork About Us; WeWork Unveils How We Worked in 2024).
| Period | Locations | Countries | Workstations | Physical memberships | Physical occupancy |
|---|---|---|---|---|---|
| Dec. 31, 2022 systemwide | 779 | 39 | 906,000 | 682,000 | 75% |
| Dec. 31, 2022 consolidated | 622 | 34 | 731,000 | 547,000 | 75% |
| Q1 2023 systemwide | 781 | 39 | 904,000 | 664,000 | 73% |
| Q1 2023 consolidated | 617 | 33 | 720,000 | 527,000 | not stated |
| 2023 year-in-review | 595 global locations | not stated | not stated | not stated | not stated |
| 2024 public figures | 500+ locations worldwide | not stated | not stated | 500,000+ members worldwide | not stated |
The table makes one thing obvious: the company’s broad footprint remained large even as the exact reporting lens changed. Systemwide figures were consistently higher than consolidated figures, which is useful when you want to understand the full operating network versus the narrower reported portfolio.
What changed between periods
- The systemwide portfolio was almost flat in location count from December 31, 2022 to Q1 2023, moving from 779 locations to 781 locations (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results; WeWork Reports First Quarter 2023 Results).
- The consolidated portfolio shifted from 622 locations to 617 locations over the same period (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results; WeWork Reports First Quarter 2023 Results).
- Physical memberships were still very large in both views, but they changed from 682,000 systemwide and 547,000 consolidated at year-end 2022 to 664,000 systemwide and 527,000 consolidated in Q1 2023 (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results; WeWork Reports First Quarter 2023 Results).
- The 2024 references suggest the business was still communicating a broad consumer and workspace base, with over 500,000 members worldwide and 500+ locations worldwide (WeWork About Us; WeWork Unveils How We Worked in 2024).
Revenue and Profitability Signals
WeWork’s revenue and earnings data from Q4 2022 show a business still carrying a large cost structure. The revenue figure is substantial, but the net loss and adjusted EBITDA tell a more constrained operating story.
Q4 2022 revenue was $848 million (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results). Using budgeted FX rates, that figure was $905 million (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results).
Q4 2022 net loss was $527 million (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results). About $348 million of that loss related to non-cash expenses (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results).
Adjusted EBITDA was negative $26 million in Q4 2022, which was still an improvement of 75% quarter-over-quarter and $257 million year-over-year (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results).
Why the operating metrics matter
The revenue line alone does not explain the business. What matters here is the relationship between scale, occupancy, and margin pressure. A company can move a lot of workstations and still produce a sizable loss if its fixed costs remain heavy. That is exactly the reading these figures support.
- Revenue was large enough to show meaningful commercial activity.
- Net loss remained deep enough to show that scale did not automatically translate into profitability.
- Adjusted EBITDA improved sharply, which suggests the company was at least moving in a better direction on an operating basis, even if the bottom line stayed negative (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results).
Membership and Occupancy Data
Membership and occupancy are the most useful operational metrics in the dataset because they connect the real estate footprint to actual usage. WeWork’s reported figures suggest a network that was not just large, but also meaningfully utilized.
Membership counts by period
- 682,000 physical memberships in the systemwide portfolio on December 31, 2022 (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results).
- 547,000 physical memberships in the consolidated portfolio on December 31, 2022 (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results).
- 664,000 physical memberships in the systemwide portfolio in Q1 2023 (WeWork Reports First Quarter 2023 Results).
- 527,000 physical memberships in the consolidated portfolio in Q1 2023 (WeWork Reports First Quarter 2023 Results).
Occupancy levels
- 75% systemwide physical occupancy at the end of Q4 2022 (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results).
- 75% consolidated physical occupancy at the end of Q4 2022 (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results).
- 73% systemwide physical occupancy in Q1 2023 (WeWork Reports First Quarter 2023 Results).
Those figures suggest a platform that was substantially occupied rather than empty. That matters because occupancy is one of the clearest signals of whether a coworking network is converting its space into real demand.
A compact read on membership quality
A few details stand out:
- The systemwide portfolio consistently carried more memberships than the consolidated portfolio, which is expected given the larger network view.
- Physical memberships remained in the hundreds of thousands, not tens of thousands, which reinforces the company’s scale (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results; WeWork Reports First Quarter 2023 Results).
- The drop from 75% to 73% systemwide occupancy between the two reported periods suggests some softening, but not a collapse in utilization (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results; WeWork Reports First Quarter 2023 Results).
Product and Sales Mix
The sales and product figures are where the dataset becomes more granular. They show not only how much activity WeWork had, but also which products were carrying momentum.
Workstation sales in Q4 2022
WeWork’s systemwide gross workstation sales were 206,000 in Q4 2022, equal to 12.3 million square feet sold (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results). Its systemwide new workstation sales were 75,000, equal to 4.5 million square feet sold (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results).
In the consolidated portfolio, gross workstation sales were 165,000, equal to about 9.9 million square feet sold (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results). Consolidated new workstation sales were 62,000, equal to 3.7 million square feet sold (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results).
Revenue per physical member
Average revenue per physical member was $481 in Q4 2022, or $514 using budgeted FX rates (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results). In Q1 2023, average revenue per physical member was $490 (WeWork Reports First Quarter 2023 Results).
That pattern points to a fairly stable per-member monetization range across the two periods. It also shows that the business was not only expanding or contracting on raw headcount, but also trying to preserve revenue quality per user.
WeWork Access and flexible membership products
WeWork Access revenue reached $50 million in Q4 2022 and rose 72% year-over-year (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results). That is an important signal because it shows that non-traditional or flexible access products were not a side note. They were a meaningful revenue line with notable growth.
The company also reported about 70,000 WeWork All Access and On-Demand consolidated memberships in Q4 2022, up 56% year-over-year (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results). By Q1 2023, WeWork All Access consolidated memberships were about 75,000 (WeWork Reports First Quarter 2023 Results).
Enterprise and workplace products
WeWork Workplace had over 220 companies signed on by Q4 2022 and over 42,000 licenses sold (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results). By Q1 2023, that had grown to over 370 companies signed on and over 63,000 licenses sold (WeWork Reports First Quarter 2023 Results).
That is one of the strongest growth sequences in the dataset. It suggests that enterprise workplace management was becoming a more important piece of the commercial mix.
Liquidity and Financing
The financial flexibility data show a company working to maintain breathing room.
WeWork ended Q4 2022 with approximately $1.3 billion of liquidity (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results). That is a meaningful buffer for a capital-intensive operation, especially one with a broad real estate footprint.
Two additional financing events followed shortly after:
- WeWork issued $250 million of Senior Secured Notes in January 2023 (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results).
- The Junior Tranche of WeWork’s LC Facility increased from $350 million to $470 million in February 2023 (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results).
Those moves indicate active balance sheet management. They also suggest that the company was not operating passively; it was adjusting its financing structure while continuing to report large-scale operating metrics.
Key Metrics by Source
For readers scanning the dataset quickly, the most useful source-separated comparisons are below.
| Source label | Key numbers |
|---|---|
| WeWork About Us | Over 500,000 members worldwide in 2024 |
| WeWork Unveils How We Worked in 2024 | 500+ locations worldwide in 2024 |
| WeWork Introduces 2023 Year in Review | 595 global locations in 2023 |
| WeWork Reports Fourth Quarter and Fiscal Year 2022 Results | 779 systemwide locations, 906,000 workstations, 682,000 memberships, 75% occupancy, $848 million revenue, $527 million net loss, $1.3 billion liquidity |
| WeWork Reports First Quarter 2023 Results | 781 systemwide locations, 904,000 workstations, 664,000 memberships, 73% occupancy, 75,000 All Access consolidated memberships, 370+ Workplace companies |
What the Statistics Suggest
The dataset points to three broad takeaways.
First, WeWork remained a very large network. Even after the company went through changes in its reporting scope, the underlying footprint still measured in hundreds of locations, hundreds of thousands of memberships, and close to a million workstations in the systemwide view (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results; WeWork Reports First Quarter 2023 Results).
Second, utilization mattered as much as footprint. Occupancy in the low-to-mid 70% range and memberships in the hundreds of thousands show a business that was still getting real demand, not just holding empty space (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results; WeWork Reports First Quarter 2023 Results).
Third, the product mix was broadening. WeWork Access, All Access, On-Demand, and Workplace all showed enough activity to register as more than minor experiments, with Workplace in particular showing a sharp expansion in signed companies and licenses sold (WeWork Reports Fourth Quarter and Fiscal Year 2022 Results; WeWork Reports First Quarter 2023 Results).
For anyone reading WeWork statistics as a snapshot of the coworking market, the main lesson is straightforward: the company was still operating at substantial scale, but its financial and occupancy data show the ongoing difficulty of converting that scale into durable profitability.