IWG hits revenue milestone amid
rapid network expansion

The world’s largest hybrid workspace platform, IWG, has delivered a standout 2025, opening more centres than ever while racking up record revenue along the way. Here’s the details below.

The group, which operates brands including Regus, Spaces, HQ and Signature and has a network in over 120 countries, is touting record revenues and network growth. In its results for the year to the end of December 2025, system-wide revenue climbed to $4.5bn (£3.3bn), leaving 2024’s $4.3bn in the rearview. Meanwhile, IWG sprinted ahead, signing 1,132 new centres and opening 782 locations, a record-breaking leap from last year’s 899 signings and 624 openings in 2024.

Smart pricing and savvy occupancy moves kept IWG firing on all cylinders, with this positive momentum carrying into 2026. The company-owned adjusted gross profit margin increased by nearly a full percentage point, while core overheads remained stable. It's a clear sign that operational leverage is pulling its weight as IWG continues to focus on expanding its growth initiatives.

IWG’s finances are in fine shape, with refinancing comfortably off the table until 2029. With 2026 trading off to a strong start, the company is cruising into the year with cautious optimism.

As Chief Executive Mark Dixon puts it: “We set out a clear strategy at our first Investor Day in New York in December 2023 for capital light growth to deliver cashflow and business simplification. As we outlined in our Investor Day in December 2025 - this is what we have been delivering on, as we still continue to do so."

“We continue to have structural tailwinds and a business which is both prepared for and delivering network growth. In the last twelve months, more locations were opened than we had open after fifteen years of operating. We now have over 1m rooms in over 120 countries with a significant pipeline. This is expected to drive our future growth in revenue, EBITDA and cash flow.”

With a growing global network and a robust pipeline, the company is well positioned for a strong 2026.

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