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
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.
Others in SIC 5961
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|---|---|---|---|---|
| AMZN | AMAZON COM INC | $2.79T | 36.1x | 12.4% |
| CPNG | Coupang, Inc. | $27.51B | 139.0x | 14.1% |
| CDW | CDW Corp | $19.05B | 18.9x | 6.8% |
| CHWY | Chewy, Inc. | $9.79B | 45.5x | 6.2% |
| NSIT | INSIGHT ENTERPRISES INC | $4.72B | 33.1x | -5.2% |
| PTRN | Pattern Group Inc. | $3.57B | — | 39.3% |
| GCT | GigaCloud Technology Inc | $1.89B | 14.4x | 11.1% |
| RVLV | Revolve Group, Inc. | $1.52B | 24.8x | 8.5% |