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NEW YORK STOCK EXCHANGE, INC. · Retail · CIK 0001616707
$113.49
+0.16% · live
Updated
$14.53B market value
From Wayfair Inc.'s FY2025 10-K, filed Feb 19, 2026 · read the filing
Wayfair runs retail stores. It took in $12.46B last year, which makes it a large company. It spends more than it earns — losing about 3 cents on every dollar of sales.
The financial picture is mixed, with growth needing attention and profitability and debt weaker.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
A published bankruptcy-risk model places it in its distress range. This is a statistical reading, not a forecast.
Altman Z-Score -5.25
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
Several areas of financial weakness.
From Wayfair Inc.'s FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Operating income
-$461.0M → $17.0M
Free cash flow
$244.0M → $464.0M
Profit
-$492.0M → -$313.0M
Operating margin
-3.9% → 0.1%
Measured against FY2024, from the 10-K filed Feb 19, 2026
Improved: turned positive
-$461.0M to $17.0MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
How the latest move compares (quote live), and what was published around it
W rose 0.16% on the latest quote. The average Consumer Discretionary company tracked here moved +2.35%, and the S&P 500 −1.04%. That is 2.2 points below its sector and 1.2 points above the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
The growth rate someone buying today is paying for, against what the company has delivered
At today's price, the market is paying for free cash flow to grow by about 13% a year for the next 10 years. Over the last 10 years it grew by about 18% a year.
The essentials
Each answered from the filings, with the numbers behind it.
No. It lost $313.0M last year, losing about 3 cents on every dollar of sales.
Slowly. Sales grew 5.1% last year.
Manageable, but notable. Clearing its debt would take about 3.4 years of cash flow. For every $1 it owes, it owns $0.55 in assets. Its operating profit does not cover its interest bill — 0.10x against the interest it owes. A bankruptcy-risk model also places it in its distress range.
Core operating and valuation reference metrics
Income
This company pays no dividend. It keeps its profits and reinvests them in the business instead, so any return would have to come from the share price.
Figures from the FY2025 annual filing
Last year it lost $313.0M and generated $534.0M of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Feb 19, 2026Filing for FY2025 | FY202410-K · Feb 19, 2026Filing for FY2024 | FY202310-K · Feb 19, 2026Filing for FY2023 | FY202210-K · Feb 22, 2024Filing for FY2022 | FY202110-K · Feb 22, 2024Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $12.46B | $11.85B | $12.00B | $12.22B | $13.71B | +5.1% |
| Cost of revenue | $8.69B | $8.28B | $8.34B | $8.80B | $9.81B | +5.0% |
| Gross profit | $3.77B | $3.57B | $3.67B | $3.42B | $3.90B | +5.3% |
| Gross marginGross profit ÷ revenueWhat is this? | 30.2% | 30.2% | 30.6% | 28.0% | 28.4% | +0.1 pts |
| Operating income | $17.0M | -$461.0M | -$813.0M | -$1.38B | -$94.0M | n/m |
| Operating marginOperating income ÷ revenueWhat is this? | 0.1% | -3.9% | -6.8% | -11.3% | -0.7% | +4.0 pts |
| Interest expense | $165.0M | $83.0M | $63.0M | — | — | +98.8% |
| Income before tax | -$304.0M | -$482.0M | -$729.0M | -$1.32B | -$130.0M | +36.9% |
| Net income | -$313.0M | -$492.0M | -$738.0M | -$1.33B | -$131.0M | +36.4% |
| Net marginNet income ÷ revenueWhat is this? | -2.5% | -4.2% | -6.1% | -10.9% | -1.0% | +1.6 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $-2.45 | $-4.00 | $-6.47 | $-12.56 | $-1.26 | +38.9% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
This company's latest filing beside its peers' stored scores
| Company | Health | F-Score | Revenue growth | Profit margin | P/E | Debt to equity |
|---|---|---|---|---|---|---|
| WWayfair Inc. · this page | 3.3/10 | 6/9 | 5.1% |
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Sold on the open market — 8,000 shares at $115.00 ($920.0K)
Holds 196,698 shares after this filing.
Sold on the open market — 49,266 shares at $110.36
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Quarterly report for Q2 FY2026
Revenue +7.5% · Operating margin +2.4 pts · Operating income +511.8% — against Q2 FY2025
Read the filingPublished results
Read the filingWrite down why you are following Wayfair Inc., what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
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Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from W's 10-K for fiscal year 2025 (period ending 2025-12-31, filed Feb 19, 2026), reported under the US GAAP taxonomy. View the source filing.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 3.3 | 6/9 | 10-K, filed Feb 19, 2026 |
| FY2024 | 2.0 | 4/9 | 10-K, filed Feb 20, 2025 |
| FY2023 | 2.0 | 5/9 | 10-K, filed Feb 22, 2024 |
| FY2022 | 2.0 | 3/9 | 10-K, filed Feb 23, 2023 |
| FY2021 | 2.0 | 2/9 | 10-K, filed Feb 24, 2022 |
| FY2020 | 6.0 | 7/9 | 10-K, filed Feb 24, 2022 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
6 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
-5.25
In the distress zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Improved: +90.2%
$244.0M to $464.0MCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Improved: $179.0M narrower
-$492.0M to -$313.0MSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +4.0 pts
-3.9% to 0.1%Significant
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: $1.55 narrower
-$4.00 to -$2.45Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +5.1%
$11.85B to $12.46BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +5.3%
$3.57B to $3.77BNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +1.6 pts
-4.2% to -2.5%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: +12.2%
$2.88B to $3.23BNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Improved: +12.2%
$1.32B to $1.48BNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Deteriorated: +4.1%
123.0M to 128.0MNotable
Why it matters: New shares divide the same company into more pieces, so each existing holding owns slightly less of it. Often pay for staff or an acquisition rather than anything wrong.
Q2 FY2026 against Q2 FY2025, from the 10-Q filed Aug 4, 2026 — read it.
Improved: +511.8%
$17.0M to $104.0MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Deteriorated: turned negative
$15.0M to -$1.0MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: turned negative
$0.12 to -$0.01Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: -19.7%
$1.33B to $1.06BSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +7.5%
$3.27B to $3.52BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +7.1%
$984.0M to $1.05BNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +2.4 pts
0.5% to 3.0%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: +3.1%
128.0M to 132.0MNotable
Why it matters: New shares divide the same company into more pieces, so each existing holding owns slightly less of it. Often pay for staff or an acquisition rather than anything wrong.
Q2 FY2026 against Q1 FY2026, from the 10-Q filed Aug 4, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Improved: turned positive
-$11.0M to $104.0MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: $104.0M narrower
-$105.0M to -$1.0MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: $0.79 narrower
-$0.80 to -$0.01Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +20.1%
$2.93B to $3.52BSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +19.8%
$880.0M to $1.05BSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +3.3 pts
-0.4% to 3.0%Significant
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +3.5 pts
-3.6% to -0.0%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +6.1%
$1.00B to $1.06BNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
2 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Discounted at 8%–10% a year, with growth settling to 2.5% after 10 years. Those rates are ordinary choices, not measurements: across that range the assumed growth works out between 11% and 15%. This describes what the price implies — it is not a forecast, and not a view on whether the price is right.
Opinions from 41 analysts covering this company, as of . Their views, not this site's.
Of 41 analysts publishing on this company, 10 say strong buy, 17 say buy and 14 say hold. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 9.3% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
Trailing P/E is not meaningful because the latest trailing earnings are zero or negative. The price-to-book and price-to-sales figures below still provide reference points.
This company has not reported enough of the required figures to calculate this score.
| -2.5% |
| — |
| -2.24x |
| WSMWILLIAMS SONOMA INC | 7.3/10 | 4/8 | 1.2% | 13.9% | 28.46x | 1.60x |
|---|
| RHRH | 4.7/10 | 6/8 | 8.1% | 3.6% | 21.14x | 78.80x |
|---|
| Median of peers | 6.0/10 | — | 4.7% | 8.8% | 24.80x | 40.20x |
|---|
Peers come from the company's industry classification. A difference describes the companies; it does not rank them.
Holds 172,807 shares after this filing.
Sold on the open market — 46,157 shares at $111.64 ($5.2M)
Holds 126,650 shares after this filing.
Sold on the open market — 21,577 shares at $112.47 ($2.4M)
Holds 105,073 shares after this filing.
Sold on the open market — 546 shares at $110.00 ($60.1K)
Holds 115,885 shares after this filing.
Sold on the open market — 49,203 shares at $110.36 ($5.4M)
Holds 172,934 shares after this filing.
Sold on the open market — 44,893 shares at $111.62 ($5.0M)
Holds 128,041 shares after this filing.
Sold on the open market — 22,904 shares at $112.44 ($2.6M)
Holds 105,137 shares after this filing.
Sold on the open market — 5,050 shares at $103.66 ($523.5K)
Holds 286,023 shares after this filing.
Sold on the open market — 8,651 shares at $104.91 ($907.6K)
Holds 277,372 shares after this filing.
Sold on the open market — 39,106 shares at $105.81 ($4.1M)
Holds 238,266 shares after this filing.
Sold on the open market — 15,599 shares at $106.68 ($1.7M)
Holds 222,667 shares after this filing.
Sold on the open market — 594 shares at $107.31 ($63.7K)
Holds 222,073 shares after this filing.
Sold on the open market — 5,050 shares at $103.66 ($523.5K)
Holds 286,087 shares after this filing.
Sold on the open market — 8,651 shares at $104.91 ($907.6K)
Holds 277,436 shares after this filing.
Sold on the open market — 39,108 shares at $105.81 ($4.1M)
Holds 238,328 shares after this filing.
Sold on the open market — 15,597 shares at $106.68 ($1.7M)
Holds 222,731 shares after this filing.
Sold on the open market — 594 shares at $107.31 ($63.7K)
Holds 222,137 shares after this filing.
Exercised stock options — 392 shares
Holds 171,582 shares after this filing.
Exercised stock options — 219 shares
Holds 171,801 shares after this filing.
Exercised stock options — 428 shares
Holds 172,229 shares after this filing.
Exercised stock options — 22,429 shares
Holds 194,658 shares after this filing.
Had shares withheld to cover taxes — 11,348 shares at $101.37 ($1.2M)
Holds 183,310 shares after this filing.
Exercised stock options — 1,199 shares
Holds 26,479 shares after this filing.
Exercised stock options — 27,073 shares
Holds 53,552 shares after this filing.
Had shares withheld to cover taxes — 14,357 shares at $101.37 ($1.5M)
Holds 39,195 shares after this filing.
Sold on the open market — 7,000 shares at $102.18 ($715.3K)
Holds 204,698 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 8,000 shares ($920.0K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 546 shares ($60.1K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 117,000 shares ($13.0M) on or after .
Shares originally obtained via Founders Shares.
Filed notice to sell 117,000 shares ($13.0M) on or after .
Shares originally obtained via Founders Shares.
Filed notice to sell 69,000 shares ($7.3M) on or after .
Shares originally obtained via Founders Shares.
Filed notice to sell 6,000 shares ($625.3K) on or after .
Shares originally obtained via Founders Shares.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Had a director or senior officer leave or join · Held a shareholder vote
Signed a material agreement · Took on a direct financial obligation · Made a Regulation FD disclosure
Read the filingMade a Regulation FD disclosure
Read the filingMade a Regulation FD disclosure
Read the filingQuarterly report for Q1 FY2026
Revenue +7.4% · Operating margin +4.1 pts · Operating income $111.0M narrower — against Q1 FY2025
Read the filingPublished results
Read the filingProxy statement for a shareholder meeting
Read the filingMade a Regulation FD disclosure
Read the filingAnnual report for FY2025
Revenue +5.1% · Operating margin +4.0 pts · Operating income turned positive — against FY2024
Read the filingPublished results
Read the filingMade a Regulation FD disclosure
Read the filingMade a Regulation FD disclosure
Read the filingSigned a material agreement · Took on a direct financial obligation · Had a director or senior officer leave or join
Read the filingMade a Regulation FD disclosure
Read the filingMade a Regulation FD disclosure
Read the filingQuarterly report for Q3 FY2025
Revenue +8.1% · Operating margin +3.8 pts · Operating income turned positive — against Q3 FY2024
Read the filingPublished results
Read the filingHad a director or senior officer leave or join · Made a Regulation FD disclosure
Read the filingPrimary sources and further research