W (Wayfair Inc.) Stock Financials & Earnings | Market Cap Arena

W (Wayfair Inc.) Stock Financials & Earnings | Market Cap Arena

WWayfair Inc.

Mkt Cap$10B

Consumer Cyclical·Specialty Retail·🇺🇸 United States·NYSE

Revenue (TTM)$12.5B

Net Income (TTM)-$313M

EPS (TTM)-$2.42

Free Cash Flow (TTM)$432M

Gross Margin30.2%

Op. Margin0.0%

Net Margin-2.5%

FCF Margin3.5%

P/S Ratio (TTM)0.8x

P/E Ratio (TTM)—

YoY Rev Growth+5.1%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$2.8B	$821M	-$347M
Q2 23	$3.2B	$985M	-$142M
Q3 23	$2.9B	$917M	-$152M
Q4 23	$3.1B	$944M	-$172M
Q1 24	$2.7B	$819M	-$235M
Q2 24	$3.1B	$941M	-$35M
Q3 24	$2.9B	$873M	-$74M
Q4 24	$3.1B	$941M	-$117M
Q1 25	$2.7B	$837M	-$122M
Q2 25	$3.3B	$984M	$17M
Q3 25	$3.1B	$934M	$38M
Q4 25	$3.3B	$1.0B	$69M

Valuation

Quarter	P/S	P/E
Q1 23	0.8x	—
Q2 23	0.8x	—
Q3 23	0.8x	—
Q4 23	0.8x	—
Q1 24	0.8x	—
Q2 24	0.8x	—
Q3 24	0.8x	—
Q4 24	0.8x	—
Q1 25	0.8x	—
Q2 25	0.8x	—
Q3 25	0.8x	—
Q4 25	0.8x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$147M	-$234M
Q2 23	$217M	$128M
Q3 23	$121M	$42M
Q4 23	$158M	$62M
Q1 24	-$139M	-$193M
Q2 24	$245M	$183M
Q3 24	$49M	-$9M
Q4 24	$162M	$102M
Q1 25	-$96M	-$101M
Q2 25	$273M	$260M
Q3 25	$155M	$128M
Q4 25	$202M	$145M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$87M
Q2 23	$89M
Q3 23	$79M
Q4 23	$96M
Q1 24	$54M
Q2 24	$62M
Q3 24	$58M
Q4 24	$60M
Q1 25	$5M
Q2 25	$13M
Q3 25	$27M
Q4 25	$57M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	-7.3%	-5.5%
Q2 23	-3.4%	-9.4%
Q3 23	+3.7%	-3.6%
Q4 23	+0.4%	-4.2%
Q1 24	-1.6%	-5.0%
Q2 24	-1.7%	-4.9%
Q3 24	-2.0%	-4.5%
Q4 24	+0.2%	-1.5%
Q1 25	+0.0%	-3.8%
Q2 25	+5.0%	+3.3%
Q3 25	+8.1%	+4.1%
Q4 25	+6.9%	+0.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$144M	5.2%
Q2 23	$164M	5.2%
Q3 23	$139M	4.7%
Q4 23	$158M	5.1%
Q1 24	$119M	4.4%
Q2 24	$95M	3.0%
Q3 24	$95M	3.3%
Q4 24	$86M	2.8%
Q1 25	$64M	2.3%
Q2 25	$100M	3.1%
Q3 25	$88M	2.8%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 23	—	$624M	—	—
Q2 23	—	$630M	$771M	—
Q3 23	—	$596M	$756M	—
Q4 23	$279M	$597M	$519M	—
Q1 24	—	$534M	$441M	—
Q2 24	—	$489M	$486M	—
Q3 24	—	$480M	$354M	—
Q4 24	$257M	$474M	$549M	—
Q1 25	—	$429M	$451M	—
Q2 25	—	$465M	$372M	—
Q3 25	—	$445M	$330M	—
Q4 25	—	—	—	$941M

Revenue Segments

Quarter	International Segment	US Segment
Q1 23	$359M	$2.4B
Q2 23	$386M	$2.8B
Q3 23	$372M	$2.6B
Q4 23	$404M	$2.7B
Q1 24	$338M	$2.4B
Q2 24	$387M	$2.7B
Q3 24	$372M	$2.5B
Q4 24	$381M	$2.7B
Q1 25	$301M	$2.4B
Q2 25	$399M	$2.9B
Q3 25	$389M	$2.7B
Q4 25	$395M	$2.9B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$970M	$78M	$1.0B
Q2 23	$1.2B	$4M	$1.3B
Q3 23	$1.3B	$0	$1.3B
Q4 23	$1.3B	$29M	$1.4B
Q1 24	$1.1B	$50M	$1.2B
Q2 24	$1.3B	$39M	$1.3B
Q3 24	$1.3B	$32M	$1.3B
Q4 24	$1.3B	$56M	$1.4B
Q1 25	$1.3B	$30M	$1.4B
Q2 25	$1.3B	$52M	$1.4B
Q3 25	$1.2B	$54M	$1.2B
Q4 25	$1.5B	$66M	$1.5B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	110M	+1.9%
Q2 23	112M	+1.8%
Q3 23	116M	+3.6%
Q4 23	118M	+1.7%
Q1 24	120M	+1.7%
Q2 24	122M	+1.7%
Q3 24	123M	+0.8%
Q4 24	125M	+1.6%
Q1 25	127M	+1.6%
Q2 25	129M	+1.6%
Q3 25	130M	+0.8%
Q4 25	130M	+0.3%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$561K	2K
FY 15	$591K	4K
FY 16	$600K	6K
FY 17	$609K	8K
FY 18	$559K	12K
FY 19	$537K	17K
FY 20	$877K	16K
FY 21	$822K	17K
FY 22	$776K	16K
FY 23	$834K	14K
FY 24	$878K	14K
FY 25	$973K	13K