NYSE : W
Wayfair Inc. — Financial statements
Consumer Discretionary · Internet Retail · United States
Last price 113.14 USD (Nov 2, 2026, 4:00 PM EST) · Market cap 15.50B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Wayfair Inc. (W) reported revenue of 12.90B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 12.90B | 12.46B | 11.85B | 12.00B | 12.22B | 13.71B |
| Cost of Revenue | 8.99B | 8.69B | 8.28B | 8.34B | 8.80B | 9.81B |
| Gross Profit | 3.92B | 3.77B | 3.57B | 3.67B | 3.42B | 3.90B |
| Selling, General & Admin | 3.65B | 3.67B | 3.92B | 4.40B | 4.73B | 3.98B |
| Other Operating Expenses | 3.00M | 2.00M | ||||
| Operating Expenses | 3.65B | 3.67B | 3.92B | 4.40B | 4.73B | 3.98B |
| Operating Income | 267.00M | 90.00M | -347.00M | -734.00M | -1.31B | -82.00M |
| Interest Expense | -186.00M | -165.00M | -82.00M | -62.00M | -38.00M | -33.00M |
| Interest & Investment Income | 44.00M | 46.00M | 54.00M | 46.00M | 12.00M | |
| Currency Exchange Gain (Loss) | -48.00M | |||||
| Other Non Operating Income (Expenses) | 28.00M | 31.00M | -22.00M | -5.00M | -3.00M | |
| EBT Excluding Unusual Items | 105.00M | 2.00M | -397.00M | -750.00M | -1.34B | -118.00M |
| Merger & Restructuring Charges | -5.00M | -88.00M | -79.00M | -70.00M | -31.00M | -12.00M |
| Asset Writedown | -35.00M | -9.00M | -39.00M | |||
| Other Unusual Items | -413.00M | -218.00M | 29.00M | 100.00M | 96.00M | |
| Pretax Income | -313.00M | -304.00M | -482.00M | -729.00M | -1.32B | -130.00M |
| Income Tax Expense | 8.00M | 9.00M | 10.00M | 9.00M | 12.00M | 1.00M |
| Net Income | -321.00M | -313.00M | -492.00M | -738.00M | -1.33B | -131.00M |
| Net Income to Common | -321.00M | -313.00M | -492.00M | -738.00M | -1.33B | -131.00M |
| Shares Outstanding (Basic) | 130.00M | 128.00M | 123.00M | 114.00M | 106.00M | 104.00M |
| Shares Outstanding (Diluted) | 130.00M | 128.00M | 123.00M | 114.00M | 106.00M | 104.00M |
| EPS (Basic) | -2.47 | -2.45 | -4.00 | -6.47 | -12.56 | -1.26 |
| EPS (Diluted) | -2.47 | -2.45 | -4.01 | -6.47 | -12.56 | -1.26 |
| Free Cash Flow | 562.00M | 464.00M | 244.00M | 201.00M | -860.00M | 309.00M |
| Free Cash Flow Per Share | 4.32 | 3.62 | 1.98 | 1.76 | -8.11 | 2.97 |
| Gross Margin | 30.35% | 30.22% | 30.16% | 30.55% | 27.96% | 28.41% |
| Operating Margin | 2.07% | 0.72% | -2.93% | -6.12% | -10.76% | -0.60% |
| Profit Margin | -2.49% | -2.51% | -4.15% | -6.15% | -10.89% | -0.96% |
| Free Cash Flow Margin | 4.35% | 3.72% | 2.06% | 1.68% | -7.04% | 2.25% |
| EBITDA | 354.00M | 205.00M | -217.00M | -596.00M | -1.17B | 69.00M |
| EBITDA Margin | 2.74% | 1.65% | -1.83% | -4.96% | -9.55% | 0.50% |
| D&A For EBITDA | 87.00M | 115.00M | 130.00M | 138.00M | 147.00M | 151.00M |
| EBIT | 267.00M | 90.00M | -347.00M | -734.00M | -1.31B | -82.00M |
| EBIT Margin | 2.07% | 0.72% | -2.93% | -6.12% | -10.76% | -0.60% |
| Advertising Expenses | 1.43B | 1.47B | 1.40B | 1.47B | 1.38B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.06B | 1.48B | 1.32B | 1.32B | 1.05B | 1.71B |
| Short-Term Investments | 78.00M | 66.00M | 56.00M | 29.00M | 228.00M | 693.00M |
| Cash & Short-Term Investments | 1.14B | 1.54B | 1.37B | 1.35B | 1.28B | 2.40B |
| Accounts Receivable | 184.00M | 132.00M | 155.00M | 140.00M | 272.00M | 226.00M |
| Other Receivables | 108.00M | 131.00M | 90.00M | 69.00M | 70.00M | |
| Receivables | 184.00M | 240.00M | 286.00M | 230.00M | 341.00M | 296.00M |
| Inventory | 84.00M | 71.00M | 76.00M | 75.00M | 90.00M | 69.00M |
| Prepaid Expenses | 274.00M | 66.00M | 66.00M | 81.00M | 95.00M | 93.00M |
| Restricted Cash | 4.00M | 4.00M | ||||
| Other Current Assets | 82.00M | 73.00M | 114.00M | 129.00M | 155.00M | |
| Total Current Assets | 1.69B | 2.00B | 1.88B | 1.85B | 1.93B | 3.01B |
| Property, Plant & Equipment | 1.23B | 1.38B | 1.53B | 1.57B | 1.61B | 1.52B |
| Long-Term Investments | 20.00M | 15.00M | 14.00M | 11.00M | 8.00M | |
| Other Intangible Assets | 11.00M | 13.00M | 14.00M | 15.00M | 16.00M | |
| Other Long-Term Assets | 59.00M | 30.00M | 26.00M | 23.00M | 8.00M | 11.00M |
| Total Assets | 2.98B | 3.44B | 3.46B | 3.47B | 3.58B | 4.57B |
| Accounts Payable | 1.32B | 1.20B | 1.25B | 1.23B | 1.20B | 1.17B |
| Accrued Expenses | 388.00M | 453.00M | 459.00M | 477.00M | 574.00M | |
| Current Portion of Long-Term Debt | 39.00M | 39.00M | 236.00M | 117.00M | ||
| Current Portion of Leases | 190.00M | 174.00M | 133.00M | 125.00M | 110.00M | |
| Current Unearned Revenue | 262.00M | 265.00M | 212.00M | 195.00M | 214.00M | 306.00M |
| Other Current Liabilities | 650.00M | 45.00M | 49.00M | 45.00M | 52.00M | 61.00M |
| Total Current Liabilities | 2.27B | 2.13B | 2.37B | 2.18B | 2.07B | 2.22B |
| Long-Term Debt | 2.80B | 3.23B | 2.88B | 3.09B | 3.14B | 3.05B |
| Long-Term Leases | 680.00M | 835.00M | 929.00M | 862.00M | 893.00M | 892.00M |
| Other Long-Term Liabilities | 21.00M | 25.00M | 33.00M | 44.00M | 28.00M | 28.00M |
| Total Liabilities | 5.77B | 6.22B | 6.21B | 6.18B | 6.13B | 6.19B |
| Additional Paid-In Capital | 2.17B | 2.07B | 1.75B | 1.32B | 737.00M | 337.00M |
| Retained Earnings | -4.93B | -4.82B | -4.51B | -4.02B | -3.28B | -1.95B |
| Comprehensive Income & Other | -25.00M | -32.00M | 4.00M | -5.00M | -7.00M | -7.00M |
| Shareholders' Equity | -2.79B | -2.78B | -2.75B | -2.71B | -2.55B | -1.62B |
| Total Liabilities & Equity | 2.98B | 3.44B | 3.46B | 3.47B | 3.58B | 4.57B |
| Total Debt | 3.52B | 4.30B | 4.22B | 4.20B | 4.16B | 4.05B |
| Net Cash (Debt) | -2.37B | -2.75B | -2.85B | -2.85B | -2.88B | -1.66B |
| Net Cash Per Share | -18.25 | -21.52 | -23.16 | -25.03 | -27.14 | -15.91 |
| Filing Date Shares Outstanding | 136.97M | 130.75M | 126.90M | 120.36M | 110.54M | 105.09M |
| Total Common Shares Outstanding | 136.48M | 130.34M | 125.42M | 118.15M | 108.60M | 104.84M |
| Working Capital | -583.00M | -128.00M | -493.00M | -328.00M | -139.00M | 795.00M |
| Book Value Per Share | -20.43 | -21.34 | -21.97 | -22.91 | -23.48 | -15.44 |
| Tangible Book Value | -2.79B | -2.79B | -2.77B | -2.72B | -2.56B | -1.64B |
| Tangible Book Value Per Share | -20.43 | -21.43 | -22.07 | -23.03 | -23.62 | -15.59 |
| Machinery | 611.00M | 654.00M | 631.00M | 593.00M | 557.00M | |
| Construction In Progress | 34.00M | 5.00M | 70.00M | 36.00M | 35.00M | |
| Leasehold Improvements | 671.00M | 644.00M | 570.00M | 544.00M | 457.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -321.00M | -313.00M | -492.00M | -738.00M | -1.33B | -131.00M |
| Depreciation & Amortization | 87.00M | 115.00M | 130.00M | 138.00M | 147.00M | 151.00M |
| Other Amortization | 198.00M | 199.00M | 266.00M | 287.00M | 232.00M | 178.00M |
| Asset Writedown & Restructuring Costs | 2.00M | 20.00M | 35.00M | 14.00M | 39.00M | 12.00M |
| Stock-Based Compensation | 307.00M | 335.00M | 395.00M | 605.00M | 513.00M | 344.00M |
| Other Operating Activities | 310.00M | 227.00M | -28.00M | -103.00M | -55.00M | 6.00M |
| Change in Accounts Receivable | -72.00M | 29.00M | -35.00M | 132.00M | -48.00M | -118.00M |
| Change in Inventory | 5.00M | 6.00M | -2.00M | 16.00M | -21.00M | -17.00M |
| Change in Accounts Payable | 180.00M | -95.00M | 38.00M | -18.00M | -177.00M | 13.00M |
| Change in Other Net Operating Assets | -31.00M | 11.00M | 10.00M | 16.00M | 27.00M | -28.00M |
| Operating Cash Flow | 665.00M | 534.00M | 317.00M | 349.00M | -674.00M | 410.00M |
| Capital Expenditures | -103.00M | -70.00M | -73.00M | -148.00M | -186.00M | -101.00M |
| Sale (Purchase) of Intangibles | -129.00M | -135.00M | -161.00M | -203.00M | -272.00M | -179.00M |
| Investment in Securities | -29.00M | -14.00M | -28.00M | 197.00M | 459.00M | -240.00M |
| Other Investing Activities | 2.00M | 5.00M | ||||
| Investing Cash Flow | -261.00M | -219.00M | -262.00M | -152.00M | 1.00M | -515.00M |
| Long-Term Debt Issued | 1.38B | 786.00M | 678.00M | 678.00M | ||
| Total Debt Issued | 1.09B | 1.38B | 786.00M | 678.00M | 678.00M | |
| Long-Term Debt Repaid | -1.47B | -858.00M | -514.00M | -507.00M | ||
| Total Debt Repaid | -1.68B | -1.47B | -858.00M | -514.00M | -507.00M | |
| Net Debt Issued (Repaid) | -589.00M | -89.00M | -72.00M | 164.00M | 171.00M | |
| Repurchase of Common Stock | -128.00M | -89.00M | -75.00M | -300.00M | ||
| Other Financing Activities | 49.00M | 49.00M | 3.00M | -87.00M | -80.00M | -3.00M |
| Financing Cash Flow | -668.00M | -129.00M | -69.00M | 77.00M | 16.00M | -303.00M |
| Foreign Exchange Rate Adjustments | 3.00M | -30.00M | 8.00M | 2.00M | 1.00M | -16.00M |
| Net Cash Flow | -261.00M | 156.00M | -6.00M | 276.00M | -656.00M | -424.00M |
| Free Cash Flow | 562.00M | 464.00M | 244.00M | 201.00M | -860.00M | 309.00M |
| Free Cash Flow Margin | 4.35% | 3.72% | 2.06% | 1.68% | -7.04% | 2.25% |
| Free Cash Flow Per Share | 4.32 | 3.62 | 1.98 | 1.76 | -8.11 | 2.97 |
| Levered Free Cash Flow | 471.62M | 383.12M | 314.88M | 318.50M | -613.00M | 200.12M |
| Unlevered Free Cash Flow | 579.88M | 477.25M | 357.12M | 349.25M | -597.25M | 213.75M |
| Cash Interest Paid | 178.00M | 139.00M | 63.00M | 53.00M | 27.00M | 27.00M |
| Change in Working Capital | 82.00M | -49.00M | 11.00M | 146.00M | -219.00M | -150.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 16.00B | 13.09B | 5.55B | 7.28B | 3.52B | 19.86B |
| Enterprise Value | 18.37B | 15.66B | 8.33B | 10.03B | 6.28B | 21.38B |
| Last Close Price | 115.91 | 100.41 | 44.32 | 61.70 | 32.89 | 189.97 |
| Forward PE | 34.53 | 36.60 | 95.00 | 193.03 | 193.03 | 193.03 |
| PS Ratio | 1.25 | 1.05 | 0.47 | 0.61 | 0.29 | 1.45 |
| PB Ratio | -4.70 | -2.02 | -2.69 | -1.38 | -12.27 | |
| P/FCF Ratio | 28.75 | 28.20 | 22.76 | 36.21 | 64.27 | |
| P/OCF Ratio | 24.30 | 24.51 | 17.52 | 20.85 | 48.44 | |
| PEG Ratio | 1.60 | 0.52 | 1.66 | 195.91 | 195.91 | 199.80 |
| EV/Sales Ratio | 1.44 | 1.26 | 0.70 | 0.84 | 0.51 | 1.56 |
| EV/EBITDA Ratio | 52.35 | 76.41 | 309.92 | |||
| EV/EBIT Ratio | 69.40 | 174.04 | ||||
| EV/FCF Ratio | 32.97 | 33.76 | 34.12 | 49.90 | 69.20 | |
| Debt / Equity Ratio | -1.26 | -1.54 | -1.53 | -1.55 | -1.63 | -2.50 |
| Debt / EBITDA Ratio | 6.17 | 10.26 | 19.12 | |||
| Debt / FCF Ratio | 6.26 | 9.26 | 17.30 | 20.91 | 13.12 | |
| Net Debt / Equity Ratio | -0.85 | -0.99 | -1.03 | -1.05 | -1.13 | -1.02 |
| Net Debt / EBITDA Ratio | 6.70 | 13.44 | -13.13 | -4.79 | -2.46 | 23.99 |
| Net Debt / FCF Ratio | 4.22 | 5.94 | 11.68 | 14.19 | -3.35 | 5.36 |
| Asset Turnover | 4.12 | 3.61 | 3.42 | 3.40 | 3.00 | 3.00 |
| Inventory Turnover | 103.91 | 118.26 | 109.63 | 101.04 | 110.72 | 162.20 |
| Quick Ratio | 0.58 | 0.84 | 0.70 | 0.72 | 0.78 | 1.22 |
| Current Ratio | 0.74 | 0.94 | 0.79 | 0.85 | 0.93 | 1.36 |
| Return on Assets (ROA) | 5.33% | 1.63% | -6.26% | -13.01% | -20.15% | -1.12% |
| Return on Invested Capital (ROIC) | 35.02% | 7.50% | -29.16% | -52.45% | -68.06% | -3.45% |
| Return on Capital Employed (ROCE) | 37.60% | 6.90% | -31.90% | -56.90% | -87.10% | -3.50% |
| Earnings Yield | -2.11% | -2.39% | -8.86% | -10.14% | -37.78% | -0.66% |
| FCF Yield | 3.48% | 3.55% | 4.39% | 2.76% | -24.41% | 1.56% |
| Buyback Yield / Dilution | -3.17% | -4.06% | -7.90% | -7.55% | -1.92% | -5.05% |