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Wayfair W

Wayfair reported $62 million net income for Q3 2026.

Form
10-Q
Filed
Importance
Notable
  1. Revenue: $3.42 billion for the three months ended Sep 30, 2026
  2. Net income: $62 million for the three months ended Sep 30, 2026
  3. Diluted EPS: $0.45 for the three months ended Sep 30, 2026
  4. Cash and equivalents: $1.04 billion at Sep 30, 2026

Written from the 10-Q on EDGAR. AI can make mistakes. Check the filing.

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The reading, claim by claim

  1. The financial statements source reports revenue of $3.4 billion and net income of $62.0 million for the quarter, with revenue up 9.7% from a year earlier.
  2. In the statements of operations (in millions), net revenue was $3,420 million for the three months ended September 30, 2026, against $3,117 million a year earlier.
  3. Gross profit was $1,012 million and income from operations was $106 million, versus $38 million in the 2025 quarter.
  4. Net income was $62 million, or $0.45 per basic and diluted share, for the three months ended September 30, 2026.
  5. The 2025 quarter included a loss on debt extinguishment, net of $99 million.
  6. The balance sheet (in millions) shows cash and cash equivalents of $1,038 million at September 30, 2026, versus $1,476 million at December 31, 2025.
  7. Long-term debt was $2,572 million, versus $3,233 million.
  8. Total stockholders' deficit was $(2,804) million.

8 of 11 claims matched the filing text.

Not found in the filing text

  • The 2025 quarter showed a net loss of $99 million, or $(0.76) per share.
  • For the nine months ended September 30, 2026, net revenue was $9,870 million and the net loss was $44 million, or $(0.33) per share.
  • The nine months ended September 30, 2025 showed net revenue of $9,120 million and a net loss of $197 million.

From the filing

Item 1. Financial Statements

Item 1. Financial Statements

WAYFAIR INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

September 30, December 31, 2026 2025

(in millions, except share and per share data)

Assets:

Current assets

Cash and cash equivalents $ 1,038 $ 1,4766 Short-term investments 60 66 Accounts receivable, net 165 132 Inventories 89 71

Prepaid expenses and other current assets 323 256

Total current assets 1,675 2,001

Operating lease right-of-use assets 881 862

Property and equipment, net 533 516 Other non-current assets 62 61 Total assets $ 3,151 $ 3,440

Liabilities and Stockholders' Deficit:

Current liabilities

Accounts payable $ 1,213 $ 1,202 Other current liabilities 1,283 927 Total current liabilities 2,496 2,129 Long-term debt 2,572 3,2337

Operating lease liabilities, net of current 864 835

Other non-current liabilities 23 25 Total liabilities 5,955 6,222

Commitments and contingencies (Note 5)

Stockholders' deficit:

Convertible preferred stock, $ 0.001 par value per share: 10,000,000 shares authorized and none issued at September 30, 2026 and December 31, 2025.

— —

Class A common stock, par value $ 0.001 per share, 500,000,000 shares authorized, 115,400,430 and 108,365,428 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively.

— —

Class B common stock, par value $ 0.001 per share, 164,000,000 shares authorized, 20,977,838 and 21,978,295 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively.

— —

Additional paid-in capital 2,087 2,073 Accumulated deficit ( 4,867 ) ( 4,823 ) Accumulated other comprehensive loss ( 24 ) ( 32 ) Total stockholders' deficit ( 2,804 ) ( 2,782 )8

Total liabilities and stockholders' deficit $ 3,151 $ 3,440

See notes to unaudited condensed consolidated financial statements.

1

Table of Contents

WAYFAIR INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

Three Months Ended September 30, Nine Months Ended September 30,

2026 2025 2026 2025

(in millions, except per share data)

Net revenue $ 3,4201 $ 3,117 $ 9,870 $ 9,1202 Cost of goods sold 2,408 2,183 6,924 6,365 Gross profit 1,012 934 2,946 2,7553 Operating expenses: Customer service and merchant fees 127 118 369 346 Advertising 338 330 1,059 1,046 Selling, operations, technology, general and administrative 441 445 1,293 1,339

Impairment and other related net charges — — 2 23

Restructuring and other charges, net

— 3 24 68 Total operating expenses 906 896 2,747 2,822 Income (loss) from operations 106 38 199 ( 67 )3 Interest expense, net ( 42 ) ( 31 ) ( 120 ) ( 83 ) Other income (expense), net 1 ( 5 ) ( 14 ) 28 Loss on debt extinguishment, net — ( 99 ) ( 102 ) ( 68 )5 Income (loss) before income taxes 65 ( 97 ) ( 37 ) ( 190 ) Provision for income taxes, net 3 2 7 7 Net income (loss) $ 62 $ ( 99 ) $ ( 44 ) $ ( 197 )4

Earnings (loss) per share

Basic $ 0.45 $ ( 0.76 ) $ ( 0.33 ) $ ( 1.54 )4 Diluted $ 0.45 $ ( 0.76 ) $ ( 0.33 ) $ ( 1.54 )4

Weighted-average number of shares of common stock outstanding used in computing per share amounts:

Basic 137 130 133 128 Diluted 138 130 133 128

See notes to unaudited condensed consolidated financial statements.

2

Table of Contents

WAYFAIR INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(Unaudited)

Three Months Ended September 30, Nine Months Ended September 30,

2026 2025 2026 2025

(in millions)

Net income (loss) $ 62 $ ( 99 ) $ ( 44 ) $ ( 197 ) Other comprehensive income (loss): Foreign currency translation adjustments 1 — 8 ( 36 ) Comprehensive income (loss) $ 63 $ ( 99 ) $ ( 36 ) $ ( 233 )

See notes to unaudited condensed consolidated financial statements.

3

Table of Contents

WAYFAIR INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT

(Unaudited)

Three Months Ended

Class A and Class B Common Stock

Shares Amount Additional

Paid-In

Capital Accumulated

Deficit Accumulated

Other

Comprehensive

(Loss) Income Total

Stockholders'

Deficit (in millions)

Balance at June 30, 2025 128 $ — $ 1,921 $ ( 4,608 ) $ ( 32 ) $ ( 2,719 ) Net loss — — — ( 99 ) — ( 99 )

Other comprehensive loss — — — — — —

Issuance of common stock upon vesting of RSUs 2 — — — — —

Shares withheld for employee taxes — — ( 45 ) — — ( 45 )

Equity-based compensation — — 95 — — 95 Balance at September 30, 2025 130 $ — $ 1,971 $ ( 4,707 ) $ ( 32 ) $ ( 2,768 ) Balance at June 30, 2026 136 $ — $ 2,166 $ ( 4,929 ) $ ( 25 ) $ ( 2,788 ) Net income — — — 62 — 62 Other comprehensive income — — — — 1 1

Shares withheld for employee taxes — — ( 29 ) — — ( 29 )

Equity-based compensation — — 70 — — 70 Purchase of equity instrument — — ( 60 ) — — ( 60 ) Repurchase of common stock — — ( 60 ) — — ( 60 ) Balance at September 30, 2026 136 $ — $ 2,087 $ ( 4,867 ) $ ( 24 ) $ ( 2,804 )

See notes to unaudited condensed consolidated financial statements.

4

Table of Contents

WAYFAIR INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT

(Unaudited)

Nine Months Ended

Class A and Class B Common Stock

Shares Amount Additional

Paid-In

Capital Accumulated

Deficit Accumulated

Other

Comprehensive

Income (Loss) Total

Stockholders'

Deficit (in millions)

Balance at December 31, 2024 125 $ — $ 1,751 $ ( 4,510 ) $ 4 $ ( 2,755 ) Net loss — — — ( 197 ) — ( 197 ) Other comprehensive loss — — — — ( 36 ) ( 36 )

Issuance of common stock upon vesting of RSUs 5 — — — — —

Shares withheld for employee taxes — — ( 54 ) — — ( 54 )

Equity-based compensation — — 274 — — 274 Balance at September 30, 2025 130 $ — $ 1,971 $ ( 4,707 ) $ ( 32 ) $ ( 2,768 ) Balance at December 31, 2025 130 $ — $ 2,073 $ ( 4,823 ) $ ( 32 ) $ ( 2,782 ) Net loss — — — ( 44 ) — ( 44 ) Other comprehensive income — — — — 8 8

Issuance of common stock upon vesting of RSUs 2 — — — — —

Shares withheld for employee taxes ( 1 ) — ( 77 ) — — ( 77 ) Equity-based compensation — — 215 — — 215 Settlement of convertible senior notes 5 — ( 4 ) — — ( 4 ) Purchase of equity instrument — — ( 60 ) — — ( 60 ) Repurchase of common stock — — ( 60 ) — — ( 60 ) Balance at September 30, 2026 136 $ — $ 2,087 $ ( 4,867 ) $ ( 24 ) $ (

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Data on this page was fetched . The filing on SEC.gov is the record.