W financial statements

The full income statement, balance sheet, and cash-flow statement for Wayfair Inc. (W), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 123.5M2024-09 125.3M2024-12 126.9M2025-03 128.3M2025-06 129.7M2025-09 130.3M2025-12 130.7M2026-03 132.0M2026-06 137.0M+10.9% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	12.5B YoY+5.1%	11.9B YoY-1.3%	12.0B YoY-1.8%	12.2B YoY-10.9%	13.7B YoY-3.1%
	3.77B YoY+5.3%	3.57B YoY-2.5%	3.67B YoY+7.3%	3.42B YoY-12.3%	3.90B YoY-5.3%
Cost of revenue	8.69B YoY+5.0%	8.28B YoY-0.7%	8.34B YoY-5.3%	8.80B YoY-10.3%	9.81B YoY-2.2%
	3.75B YoY-7.1%	4.04B YoY-9.9%	4.48B YoY-6.7%	4.80B YoY+20.3%	3.99B YoY+6.3%
Restructuring	—	79.0M YoY+21.5%	65.0M YoY+109.7%	31.0M	0.00 YoY-100.0%
Amortization of intangibles	1.00M YoY+0.0%	1.00M YoY+0.0%	1.00M YoY+0.0%	1.00M YoY+0.0%	1.00M YoY-50.0%
Provision for credit losses	0.00	0.00	0.00	0.00	—
Operating income	17.0M YoY+103.7%	-461M YoY+43.3%	-813M YoY+41.3%	-1.38B YoY-1372.3%	-94.0M YoY-126.1%
Interest expense	165M YoY+98.8%	83.0M YoY+31.7%	63.0M	—	—
Interest & investment income	45.0M YoY-16.7%	54.0M YoY+14.9%	47.0M YoY+261.5%	13.0M YoY+160.0%	5.00M YoY-16.7%
Other non-operating income	31.0M YoY+247.6%	-21.0M YoY-2200.0%	1.00M YoY+125.0%	-4.00M YoY+0.0%	-4.00M YoY+55.6%
Pre-tax income	-304M YoY+36.9%	-482M YoY+33.9%	-729M YoY+44.7%	-1.32B YoY-914.6%	-130M YoY-163.4%
Income tax	9.00M YoY-10.0%	10.0M YoY+11.1%	9.00M YoY-25.0%	12.0M YoY+1100.0%	1.00M YoY-95.0%
	-313M YoY+36.4%	-492M YoY+33.3%	-738M YoY+44.6%	-1.33B YoY-916.0%	-131M YoY-170.8%
Preferred dividends	—	—	—	—	0.00
	-$2.44 YoY+39.2%	-$4.01 YoY+38.0%	-$6.47 YoY+48.4%	-$12.54 YoY-895.2%	-$1.26 YoY-167.7%
EPS (basic)	-$2.44 YoY+39.2%	-$4.01 YoY+38.0%	-$6.47 YoY+48.4%	-$12.54 YoY-895.2%	-$1.26 YoY-165.3%
	128M YoY+4.1%	123M YoY+7.9%	114M YoY+7.5%	106M YoY+1.9%	104M YoY+8.3%
	128M YoY+4.1%	123M YoY+7.9%	114M YoY+7.5%	106M YoY+1.9%	104M YoY+5.1%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	2.00B YoY+6.6%	1.88B YoY+1.2%	1.85B YoY-4.0%	1.93B YoY-35.8%	3.01B YoY-1.1%
Cash & equivalents	1.48B YoY+12.2%	1.32B YoY-0.5%	1.32B YoY+25.9%	1.05B YoY-38.5%	1.71B YoY-19.9%
Short-term investments	66.0M YoY+17.9%	56.0M YoY+93.1%	29.0M YoY-87.3%	228M YoY-67.1%	693M YoY+50.0%
Accounts receivable	132M YoY-14.8%	155M YoY+10.7%	140M YoY-48.5%	272M YoY+20.4%	226M YoY+105.5%
Inventory	71.0M YoY-6.6%	76.0M YoY+1.3%	75.0M YoY-16.7%	90.0M YoY+30.4%	69.0M YoY+32.7%
Prepaid expenses	256M YoY-6.6%	274M YoY-5.2%	289M YoY-1.4%	293M YoY-7.9%	318M YoY+8.9%
Other current assets	46.0M YoY+12.2%	41.0M YoY+17.1%	35.0M YoY+6.1%	33.0M YoY+0.0%	33.0M YoY+37.5%
	3.44B YoY-0.5%	3.46B YoY-0.4%	3.47B YoY-3.0%	3.58B YoY-21.7%	4.57B YoY+0.0%
Property, plant & equipment	516M YoY-14.4%	603M YoY-19.4%	748M YoY-3.4%	774M YoY+14.8%	674M YoY-1.5%
Operating lease right-of-use	862M YoY-6.8%	925M YoY+12.8%	820M YoY-2.3%	839M YoY-1.2%	849M YoY+5.1%
Goodwill	400K YoY+0.0%	400K YoY+0.0%	400K YoY+0.0%	400K YoY+0.0%	400K YoY+0.0%
Long-term investments	20.0M YoY+33.3%	15.0M YoY+7.1%	14.0M YoY+27.3%	11.0M YoY+37.5%	8.00M
Other non-current assets	61.0M YoY+13.0%	54.0M YoY+5.9%	51.0M YoY+50.0%	34.0M YoY-2.9%	35.0M YoY+9.4%
	2.13B YoY-10.2%	2.37B YoY+8.6%	2.18B YoY+5.4%	2.07B YoY-6.5%	2.22B YoY+2.4%
Accounts payable	1.20B YoY-3.5%	1.25B YoY+1.0%	1.23B YoY+2.5%	1.20B YoY+3.3%	1.17B YoY+0.8%
Deferred revenue	277M YoY+30.7%	212M YoY+8.7%	195M YoY-8.9%	214M YoY-28.4%	299M YoY+2.0%
Short-term & current debt	39.0M YoY-83.5%	236M YoY+101.7%	117M	0.00	0.00
Current lease liability	190M YoY+9.2%	174M YoY+30.8%	133M YoY+6.4%	125M YoY+13.6%	110M YoY+13.4%
Other current liabilities	927M YoY-17.5%	1.12B YoY+18.4%	949M YoY+9.3%	868M YoY-17.4%	1.05B YoY+4.2%
	6.22B YoY+0.1%	6.21B YoY+0.5%	6.18B YoY+0.8%	6.13B YoY-1.0%	6.19B YoY+7.4%
Long-term debt	3.23B YoY+12.2%	2.88B YoY-6.8%	3.09B YoY-1.4%	3.14B YoY+2.8%	3.05B YoY+14.8%
Non-current lease liability	835M YoY-10.1%	929M YoY+7.8%	862M YoY-3.5%	893M YoY+0.1%	892M YoY+2.5%
Operating lease liability (total)	1.02B YoY-7.1%	1.10B YoY+10.9%	995M YoY-2.3%	1.02B YoY+1.6%	1.00B YoY+3.6%
Finance lease liability (total)	0.00	0.00	0.00	0.00	0.00
Other non-current liabilities	25.0M YoY-24.2%	33.0M YoY-25.0%	44.0M YoY+57.1%	28.0M YoY+0.0%	28.0M YoY-58.2%
	-2.78B YoY-1.0%	-2.75B YoY-1.8%	-2.71B YoY-6.2%	-2.55B YoY-57.5%	-1.62B YoY-35.8%
Additional paid-in capital	2.07B YoY+18.4%	1.75B YoY+33.1%	1.32B YoY+78.6%	737M YoY+118.7%	337M YoY-51.8%
Retained earnings	-4.82B YoY-6.9%	-4.51B YoY-12.2%	-4.02B YoY-22.5%	-3.28B YoY-68.3%	-1.95B YoY-3.3%
Accumulated other comprehensive income	-32.0M YoY-900.0%	4.00M YoY+180.0%	-5.00M YoY+28.6%	-7.00M YoY+0.0%	-7.00M YoY-40.0%
Total liabilities & equity	3.44B YoY-0.5%	3.46B YoY-0.4%	3.47B YoY-3.0%	3.58B YoY-21.7%	4.57B YoY+0.0%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	534M YoY+68.5%	317M YoY-9.2%	349M YoY+151.8%	-674M YoY-264.4%	410M YoY-71.1%
Depreciation & amortization	305M YoY-21.2%	387M YoY-7.2%	417M YoY+12.4%	371M YoY+15.2%	322M YoY+12.6%
Intangible amortization	1.00M YoY+0.0%	1.00M YoY+0.0%	1.00M YoY+0.0%	1.00M YoY+0.0%	1.00M YoY-50.0%
Share-based compensation	335M YoY-15.2%	395M YoY-34.7%	605M YoY+17.9%	513M YoY+49.1%	344M YoY+24.6%
Change in receivables	-29.0M YoY-182.9%	35.0M YoY+126.5%	-132M YoY-375.0%	48.0M YoY-59.3%	118M YoY+686.7%
Change in inventory	-6.00M YoY-400.0%	2.00M YoY+112.5%	-16.0M YoY-176.2%	21.0M YoY+23.5%	17.0M YoY+270.0%
	-219M YoY+16.4%	-262M YoY-72.4%	-152M YoY-15300.0%	1.00M YoY+100.2%	-515M YoY-118.2%
Capital expenditure	70.0M YoY-4.1%	73.0M YoY-50.7%	148M YoY-20.4%	186M YoY+84.2%	101M YoY-45.7%
Free cash flow	464M YoY+90.2%	244M YoY+21.4%	201M YoY+123.4%	-860M YoY-378.3%	309M YoY-74.9%
Acquisitions	0.00	0.00	0.00	0.00	0.00
Purchases of investments	115M YoY+71.6%	67.0M YoY+86.1%	36.0M YoY-91.6%	430M	—
Other investing activities	0.00	0.00 YoY+100.0%	-2.00M	0.00 YoY+100.0%	-5.00M
	-129M YoY-87.0%	-69.0M YoY-189.6%	77.0M YoY+381.3%	16.0M YoY+105.3%	-303M YoY-185.8%
Long-term debt issued	1.38B YoY+76.0%	786M YoY+15.9%	678M YoY+0.0%	678M	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	0.00	0.00	0.00 YoY-100.0%	75.0M YoY-75.0%	300M YoY-21.1%
Dividends paid	0.00	0.00	0.00	0.00	0.00
Other financing activities	—	3.00M	0.00	0.00 YoY+100.0%	-3.00M
FX effect on cash	-30.0M YoY-475.0%	8.00M YoY+300.0%	2.00M YoY+100.0%	1.00M YoY+106.3%	-16.0M YoY-223.1%
Net change in cash	156M YoY+2700.0%	-6.00M YoY-102.2%	276M YoY+142.1%	-656M YoY-54.7%	-424M YoY-127.4%
Interest paid	139M YoY+120.6%	63.0M YoY+18.9%	53.0M YoY+96.3%	27.0M YoY+0.0%	27.0M YoY+58.8%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	12.9B YoY+130.2%	5.58B YoY-22.0%	7.16B YoY+105.3%	3.49B YoY-80.7%	18.0B YoY-21.6%
P/S	1.0× YoY+119.0%	0.5× YoY-21.1%	0.6× YoY+111.8%	0.3× YoY-78.6%	1.3× YoY-19.1%
P/FCF	27.7× YoY+21.0%	22.9× YoY-55.9%	51.9×	—	58.4× YoY+212.3%
	3.6% YoY-17.4%	4.4% YoY+126.6%	1.9%	—	1.7% YoY-68.0%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: W's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all W filings on SEC EDGAR → Not investment advice.