Wayfair Inc. W
Wayfair is the destination for all things home. Through our e-commerce platform, we offer customers visually inspired browsing, compelling merchandising, easy product discovery and attractive prices. We are focused on bringing our customers an experience that is at the forefront of shopping for the home online. Our customers span a wide range of demographics, with annual household incomes typically ranging from $25,000 to over $250,000, and also include businesses, from small startups to global enterprises. Our selections of furniture, décor, housewares and home improvement products appeal to our customers' different tastes, styles, purchasing goals and budgets when shopping for their homes and businesses.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- U.S.
- International
| Segment | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| U.S. | $10.97B | $10.37B | $10.48B |
| International | $1.48B | $1.48B | $1.52B |
As the company reported it, from the “Segment and Geographic Information - Net Revenues (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.46B | $11.85B | $12.00B | $12.22B | $13.71B | $14.14B | $9.13B | $6.78B | $4.72B | $3.38B |
| Cost of revenue | $8.69B | $8.28B | $8.34B | $8.80B | $9.81B | $10.03B | $6.98B | $5.19B | $3.60B | $2.57B |
| Gross profit | $3.77B | $3.57B | $3.67B | $3.42B | $3.90B | $4.11B | $2.15B | $1.59B | $1.12B | $807.8M |
| Total operating expenses | $3.75B | $4.04B | $4.48B | $4.80B | $3.99B | $3.75B | $3.08B | $2.06B | $1.35B | $1.00B |
| Operating income | $17.0M | -$461.0M | -$813.0M | -$1.38B | -$94.0M | $360.0M | -$930.0M | -$473.3M | -$235.5M | -$196.2M |
| Interest expense | $165.0M | $83.0M | $63.0M | — | — | — | — | — | — | — |
| Pre-tax income | -$304.0M | -$482.0M | -$729.0M | -$1.32B | -$130.0M | $205.0M | -$982.0M | -$502.0M | -$244.1M | -$193.8M |
| Income tax | $9.0M | $10.0M | $9.0M | $12.0M | $1.0M | $20.0M | $3.0M | $2.0M | $486.0K | $608.0K |
| Net income | -$313.0M | -$492.0M | -$738.0M | -$1.33B | -$131.0M | $185.0M | -$985.0M | -$504.1M | -$244.6M | -$194.4M |
| EPS, basic | -2.44 | -4.01 | -6.47 | -12.54 | -1.26 | 1.93 | -10.68 | -5.63 | — | — |
| EPS, diluted | -2.44 | -4.01 | -6.47 | -12.54 | -1.26 | 1.86 | -10.68 | -5.63 | -2.81 | -2.29 |
| Shares, diluted (wtd. avg.) | 128.0M | 123.0M | 114.0M | 106.0M | 104.0M | 99.0M | 92.0M | 89.5M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.48B | $1.32B | $1.32B | $1.05B | $1.71B | $2.13B | $583.0M | $850.0M | $559.0M | $279.8M |
| Short-term investments | $66.0M | $56.0M | $29.0M | $228.0M | $693.0M | $462.0M | $404.3M | $114.3M | $61.0M | $68.7M |
| Receivables | $132.0M | $155.0M | $140.0M | $272.0M | $226.0M | $110.0M | $99.7M | $50.6M | $37.9M | $19.1M |
| Inventory | $71.0M | $76.0M | $75.0M | $90.0M | $69.0M | $52.0M | $61.7M | $46.2M | $28.0M | $18.6M |
| Total current assets | $2.00B | $1.88B | $1.85B | $1.93B | $3.01B | $3.05B | $1.38B | $1.26B | $816.8M | $477.1M |
| Property, plant and equipment | $516.0M | $603.0M | $748.0M | $774.0M | $674.0M | $684.0M | $624.5M | $607.0M | $361.1M | $239.4M |
| Goodwill | $400.0K | $400.0K | $400.0K | $400.0K | $400.0K | $400.0K | $400.0K | $2.1M | $1.9M | $1.9M |
| Other intangibles | — | — | — | — | — | — | $18.4M | $500.0K | $1.2M | $2.3M |
| Total assets | $3.44B | $3.46B | $3.47B | $3.58B | $4.57B | $4.57B | $2.95B | $1.89B | $1.21B | $761.7M |
| Accounts payable | $1.20B | $1.25B | $1.23B | $1.20B | $1.17B | $1.16B | $908.1M | $650.2M | $440.4M | $379.5M |
| Short-term debt | $39.0M | $236.0M | $117.0M | $0 | $0 | — | — | — | — | — |
| Total current liabilities | $2.13B | $2.37B | $2.18B | $2.07B | $2.22B | $2.17B | $1.61B | $1.14B | $739.8M | $557.2M |
| Long-term debt | $3.23B | $2.88B | $3.09B | $3.14B | $3.05B | $2.66B | $1.46B | $738.9M | $332.9M | $0 |
| Total liabilities | $6.22B | $6.21B | $6.18B | $6.13B | $6.19B | $5.76B | $3.90B | $2.22B | $1.26B | $682.3M |
| Retained earnings | -$4.82B | -$4.51B | -$4.02B | -$3.28B | -$1.95B | -$1.89B | -$2.07B | -$1.08B | -$583.3M | -$329.9M |
| Total equity | -$2.78B | -$2.75B | -$2.71B | -$2.55B | -$1.62B | -$1.19B | -$944.0M | -$331.0M | -$48.3M | $79.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $534.0M | $317.0M | $349.0M | -$674.0M | $410.0M | $1.42B | -$197.0M | $84.9M | $33.6M | $62.8M |
| Depreciation and amortisation | $305.0M | $387.0M | $417.0M | $371.0M | $322.0M | $286.0M | $192.0M | $123.5M | $87.0M | $55.6M |
| Stock-based compensation | $335.0M | $395.0M | $605.0M | $513.0M | $344.0M | $276.0M | $227.0M | $127.6M | $67.8M | $49.4M |
| Capital expenditure | $70.0M | $73.0M | $148.0M | $186.0M | $101.0M | $186.0M | $272.0M | $159.2M | $100.5M | $96.7M |
| Investing cash flow | -$219.0M | -$262.0M | -$152.0M | $1.0M | -$515.0M | -$236.0M | -$855.0M | -$260.3M | -$130.3M | -$95.9M |
| Financing cash flow | -$129.0M | -$69.0M | $77.0M | $16.0M | -$303.0M | $353.0M | $787.0M | $467.5M | $375.0M | -$20.9M |
| Dividends paid | — | — | — | — | — | — | — | — | — | $0 |
| Buybacks | — | $0 | $0 | $75.0M | $300.0M | $380.0M | $0 | $0 | — | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001616707-26-000027.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.38B | $4.72B | $6.78B | $9.13B | $14.14B | $13.71B | $12.22B | $12.00B | $11.85B | $12.46B |
| Gross profit | $807.8M | $1.12B | $1.59B | $2.15B | $4.11B | $3.90B | $3.42B | $3.67B | $3.57B | $3.77B |
| Net income | -$194.4M | -$244.6M | -$504.1M | -$985.0M | $185.0M | -$131.0M | -$1.33B | -$738.0M | -$492.0M | -$313.0M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 5961
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| AMZN | AMAZON COM INC | $2.68T | 34.6x | 12.4% |
| CPNG | Coupang, Inc. | $25.01B | 126.4x | 14.1% |
| CDW | CDW Corp | $20.64B | 20.4x | 6.8% |
| CHWY | Chewy, Inc. | $9.07B | 42.2x | 6.2% |
| NSIT | INSIGHT ENTERPRISES INC | $5.19B | 36.4x | -5.2% |
| PTRN | Pattern Group Inc. | $2.86B | — | 39.3% |
| GCT | GigaCloud Technology Inc | $2.13B | 16.2x | 11.1% |
| RVLV | Revolve Group, Inc. | $1.59B | 25.9x | 8.5% |