Wayfair Inc. (W) financial statements: income statement, balance sheet and cash flow
Wayfair Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Wayfair Inc. reported revenue of $12.5B (+5.1% year on year) and net income of ($313.0M) (+36.4% year on year).
Income statement
Wayfair Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net revenue
$12.5B
$11.9B
$12.0B
$12.2B
Cost of goods sold
$8.7B
$8.3B
$8.3B
$8.8B
Gross profit
$3.8B
$3.6B
$3.7B
$3.4B
Customer service and merchant fees
$471.0M
$470.0M
$557.0M
$632.0M
Advertising
$1.4B
$1.5B
$1.4B
$1.5B
Selling, operations, technology, general and administrative
$1.8B
$2.0B
$2.4B
$2.6B
Impairment and other related net charges
$23.0M
$37.0M
$14.0M
$39.0M
Restructuring and other charges, net
$53.0M
—
—
—
Total operating expenses
$3.7B
$4.0B
$4.5B
$4.8B
Income (loss) from operations
$17.0M
($461.0M)
($813.0M)
($1.4B)
Interest expense, net
($119.0M)
($29.0M)
($17.0M)
($27.0M)
Other income (expense), net
$31.0M
($21.0M)
$1.0M
($4.0M)
(Loss) gain on debt extinguishment, net
($233.0M)
$29.0M
$100.0M
$96.0M
Loss before income taxes
($304.0M)
($482.0M)
($729.0M)
($1.3B)
Provision for income taxes, net
$9.0M
$10.0M
$9.0M
$12.0M
Net loss
($313.0M)
($492.0M)
($738.0M)
($1.3B)
Basic (in dollars per share)
-$2.44
-$4.01
-$6.47
-$12.54
Diluted (in dollars per shares)
-$2.44
-$4.01
-$6.47
-$12.54
Basic (in shares)
128.0M
123.0M
114.0M
106.0M
Diluted (in shares)
128.0M
123.0M
114.0M
106.0M
Wayfair Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Net revenue
$3.5B
$2.9B
$3.1B
$3.3B
Cost of goods sold
$2.5B
$2.1B
$2.2B
$2.3B
Gross profit
$1.1B
$880.0M
$934.0M
$984.0M
Customer service and merchant fees
$128.0M
$114.0M
$118.0M
$121.0M
Advertising
$392.0M
$329.0M
$330.0M
$372.0M
Selling, operations, technology, general and administrative
$428.0M
$424.0M
$445.0M
$465.0M
Impairment and other related net charges
$2.0M
$0
$0
$0
Restructuring and other charges, net
$0
$24.0M
$3.0M
$9.0M
Total operating expenses
$950.0M
$891.0M
$896.0M
$967.0M
Income (loss) from operations
$104.0M
($11.0M)
$38.0M
$17.0M
Interest expense, net
($39.0M)
($39.0M)
($31.0M)
($29.0M)
Other (expense) income, net
($4.0M)
($11.0M)
($5.0M)
$23.0M
(Loss) gain on debt extinguishment
($59.0M)
($43.0M)
($99.0M)
$6.0M
Income (loss) before income taxes
$2.0M
($104.0M)
($97.0M)
$17.0M
Provision for income taxes, net
$3.0M
$1.0M
$2.0M
$2.0M
Net (loss) income
($1.0M)
($105.0M)
($99.0M)
$15.0M
Basic (in dollars per share)
-$0.01
-$0.80
-$0.76
$0.11
Diluted (in dollars per shares)
-$0.01
-$0.80
-$0.76
$0.11
Basic (in shares)
132.0M
131.0M
130.0M
128.0M
Diluted (in shares)
132.0M
131.0M
130.0M
129.0M
Balance sheet
Wayfair Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$1.5B
$1.3B
$1.3B
$1.1B
Short-term investments
$66.0M
$56.0M
$29.0M
$228.0M
Accounts receivable, net
$132.0M
$155.0M
$140.0M
$272.0M
Inventories
$71.0M
$76.0M
$75.0M
$90.0M
Prepaid expenses and other current assets
$256.0M
$274.0M
$289.0M
$293.0M
Total current assets
$2.0B
$1.9B
$1.9B
$1.9B
Operating lease right-of-use assets
$862.0M
$925.0M
$820.0M
$839.0M
Property and equipment, net
$516.0M
$603.0M
$748.0M
$774.0M
Other non-current assets
$61.0M
$54.0M
$51.0M
$34.0M
Total assets
$3.4B
$3.5B
$3.5B
$3.6B
Accounts payable
$1.2B
$1.2B
$1.2B
$1.2B
Other current liabilities
$927.0M
$1.1B
$949.0M
$868.0M
Total current liabilities
$2.1B
$2.4B
$2.2B
$2.1B
Long-term debt
$3.2B
$2.9B
$3.1B
$3.1B
Operating lease liabilities, net of current
$835.0M
$929.0M
$862.0M
$893.0M
Other non-current liabilities
$25.0M
$33.0M
$44.0M
$28.0M
Total liabilities
$6.2B
$6.2B
$6.2B
$6.1B
Convertible preferred stock, $0.001 par value per share: 10,000,000 shares authorized and none issued at December 31, 2025 and December 31, 2024
$0.00
$0.00
$0.00
$0.00
Common stock
$0
$0
$0
$0
Additional paid-in capital
$2.1B
$1.8B
$1.3B
$737.0M
Accumulated deficit
($4.8B)
($4.5B)
($4.0B)
($3.3B)
Accumulated other comprehensive (loss) income
($32.0M)
$4.0M
($5.0M)
($7.0M)
Total stockholders' deficit
($2.8B)
($2.8B)
($2.7B)
($2.5B)
Total liabilities and stockholders' deficit
$3.4B
$3.5B
$3.5B
$3.6B
Wayfair Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$1.1B
$1.0B
$1.2B
$1.3B
Short-term investments
$78.0M
$58.0M
$54.0M
$52.0M
Accounts receivable, net
$184.0M
$158.0M
$129.0M
$110.0M
Inventories
$84.0M
$78.0M
$70.0M
$89.0M
Prepaid expenses and other current assets
$274.0M
$270.0M
$254.0M
$233.0M
Total current assets
$1.7B
$1.6B
$1.7B
$1.8B
Operating lease right-of-use assets
$722.0M
$741.0M
$854.0M
$868.0M
Property and equipment, net
$512.0M
$502.0M
$523.0M
$540.0M
Other non-current assets
$59.0M
$59.0M
$61.0M
$60.0M
Total assets
$3.0B
$2.9B
$3.1B
$3.3B
Accounts payable
$1.3B
$1.1B
$1.2B
$1.1B
Other current liabilities
$951.0M
$961.0M
$1.1B
$1.1B
Total current liabilities
$2.3B
$2.1B
$2.3B
$2.2B
Long-term debt
$2.8B
$2.9B
$2.7B
$2.9B
Operating lease liabilities, net of current
$680.0M
$704.0M
$857.0M
$869.0M
Other non-current liabilities
$21.0M
$22.0M
$25.0M
$29.0M
Total liabilities
$5.8B
$5.7B
$5.9B
$6.0B
Convertible preferred stock, $0.001 par value per share: 10,000,000 shares authorized and none issued at June 30, 2026 and December 31, 2025
$0.00
$0.00
$0.00
$0.00
Common stock
$0
$0
$0
$0
Additional paid-in capital
$2.2B
$2.1B
$2.0B
$1.9B
Accumulated deficit
($4.9B)
($4.9B)
($4.7B)
($4.6B)
Accumulated other comprehensive loss
($25.0M)
($28.0M)
($32.0M)
($32.0M)
Total stockholders' deficit
($2.8B)
($2.8B)
($2.8B)
($2.7B)
Total liabilities and stockholders' deficit
$3.0B
$2.9B
$3.1B
$3.3B
Cash flow statement
Wayfair Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net loss
($313.0M)
($492.0M)
($738.0M)
($1.3B)
Depreciation and amortization
$305.0M
$387.0M
$417.0M
$371.0M
Equity-based compensation expense
$335.0M
$395.0M
$605.0M
$513.0M
Amortization of debt discount and issuance costs
$9.0M
$9.0M
$8.0M
$8.0M
Gain on lease modification
($15.0M)
—
—
—
Impairment and other related net charges
$23.0M
$37.0M
$14.0M
$39.0M
Loss (gain) on debt extinguishment
$233.0M
($29.0M)
($100.0M)
($96.0M)
Other non-cash adjustments
$6.0M
($1.0M)
($3.0M)
$41.0M
Accounts receivable, net
$29.0M
($35.0M)
$132.0M
($48.0M)
Inventories
$6.0M
($2.0M)
$16.0M
($21.0M)
Prepaid expenses and other assets
$11.0M
$10.0M
$16.0M
$26.0M
Accounts payable and other liabilities
($95.0M)
$38.0M
($18.0M)
($177.0M)
Net cash provided by operating activities
$534.0M
$317.0M
$349.0M
($674.0M)
Purchase of short- and long-term investments
($115.0M)
($67.0M)
($36.0M)
($430.0M)
Sale and maturities of short- and long-term investments
$101.0M
$39.0M
$233.0M
$889.0M
Purchase of property and equipment
($70.0M)
($73.0M)
($148.0M)
($186.0M)
Site and software development costs
($135.0M)
($161.0M)
($203.0M)
($272.0M)
Other investing activities, net
$0
$0
$2.0M
$0
Net cash used in investing activities
($219.0M)
($262.0M)
($152.0M)
$1.0M
Proceeds from issuance of debt, net of issuance costs
$1.4B
$786.0M
$678.0M
—
Premiums paid for capped call confirmations
$0
$0
($87.0M)
($80.0M)
Payment of principal upon maturity of debt
($157.0M)
($117.0M)
$0
($3.0M)
Payments to extinguish debt
($1.3B)
($741.0M)
($514.0M)
($504.0M)
Payments of taxes related to net share settlement of equity awards
($89.0M)
—
—
—
Unwind of capped calls
$49.0M
—
—
—
Net cash (used in) provided by financing activities
($129.0M)
($69.0M)
$77.0M
$16.0M
Effect of exchange rate changes on cash and cash equivalents
($30.0M)
$8.0M
$2.0M
$1.0M
Net increase (decrease) in cash, cash equivalents and restricted cash
$156.0M
($6.0M)
$276.0M
($656.0M)
Beginning of year
$1.3B
$1.3B
$1.1B
$1.7B
End of year
$1.5B
$1.3B
$1.3B
$1.1B
Cash paid for interest on long-term debt
$139.0M
$63.0M
$53.0M
$27.0M
Purchase of property and equipment included in accounts payable and other liabilities
$10.0M
$7.0M
$19.0M
($6.0M)
Cash and cash equivalents
$1.5B
$1.3B
$1.3B
—
Restricted cash included within prepaid expenses and other current assets
$0
$4.0M
$4.0M
—
Total cash, cash equivalents and restricted cash
$1.5B
$1.3B
$1.3B
—
Wayfair Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net loss
($106.0M)
($105.0M)
($197.0M)
($98.0M)
Depreciation and amortization
$131.0M
$67.0M
$234.0M
$159.0M
Equity-based compensation expense
$136.0M
$67.0M
$252.0M
$164.0M
Amortization of debt discount and issuance costs
$4.0M
$1.0M
$7.0M
$5.0M
Impairment and other related net charges
$2.0M
$0
$23.0M
$23.0M
Loss (gain) on debt extinguishment
$102.0M
$43.0M
$68.0M
($31.0M)
Other non-cash adjustments
($15.0M)
($9.0M)
$21.0M
$32.0M
Accounts receivable, net
($52.0M)
($26.0M)
$33.0M
$49.0M
Inventories
($12.0M)
($7.0M)
$7.0M
($11.0M)
Prepaid expenses and other assets
($21.0M)
($20.0M)
$18.0M
$21.0M
Accounts payable and other liabilities
$139.0M
($63.0M)
($134.0M)
($136.0M)
Net cash provided by operating activities
$308.0M
($52.0M)
$332.0M
$177.0M
Purchase of short- and long-term investments
($43.0M)
($5.0M)
($76.0M)
($55.0M)
Sale and maturities of short- and long-term investments
$31.0M
$13.0M
$74.0M
$58.0M
Purchase of property and equipment
($51.0M)
($25.0M)
($45.0M)
($18.0M)
Site and software development costs
($62.0M)
($29.0M)
($103.0M)
($68.0M)
Net cash used in investing activities
($125.0M)
($46.0M)
($150.0M)
($83.0M)
Proceeds from issuance of debt, net of issuance costs
$395.0M
$0
$691.0M
$691.0M
Payments to extinguish debt
($245.0M)
($99.0M)
($940.0M)
($742.0M)
Settlement of long-term debt
($701.0M)
($250.0M)
—
—
Payments of taxes related to net share settlement of equity awards
($48.0M)
($29.0M)
($54.0M)
($9.0M)
Net cash used in financing activities
($599.0M)
($378.0M)
($303.0M)
($60.0M)
Effect of exchange rate changes on cash and cash equivalents
$5.0M
$4.0M
($28.0M)
($28.0M)
Net (decrease) increase in cash, cash equivalents and restricted cash
($411.0M)
($472.0M)
($149.0M)
$6.0M
Beginning of period
$1.5B
$1.5B
$1.3B
$1.3B
End of period
$1.1B
$1.0B
$1.2B
$1.3B
Cash paid for interest on long-term debt
$98.0M
$35.0M
$98.0M
$59.0M
Purchase of property and equipment included in accounts payable and other liabilities