Wayfair Inc. (W) Form 10-Q — Aug 4, 2026
Wayfair's second-quarter 2026 net revenue grew 7.5% year over year to $3.52 billion, led by 8.7% U.S. growth while International revenue slipped 1.3%. The company posted a Q2 GAAP net loss of $1 million (diluted EPS of $(0.01)) versus $15 million of net income a year earlier, as a $59 million loss on debt extinguishment and higher interest expense offset operating gains. Core operations strengthened: Q2 income from operations was $104 million versus $17 million a year ago, Adjusted EBITDA rose to $242 million from $205 million, free cash flow reached $301 million, and active customers grew to 21.7 million from 21.0 million with 80.2% of orders from repeat buyers.
Key figures
- Revenue
- 3519000000
- Net Income
- -1000000
- Total Debt
- 2900000000
- Revenue Yoy
- 7.5% (Q2 YoY); 7.4% (H1 YoY)
- Total Assets
- 2978000000
- Cash Position
- 1065000000
- Shares Outstanding
- 115,990,166 Class A and 20,977,904 Class B as of July 28, 2026
- Ceo psu award
- 5,000,000 PSUs; $222M unrecognized expense
- H1 2026 revenue
- 6450000000
- Q2 2025 revenue
- 3273000000
- Total liquidity
- 1143000000
- Active customers
- 21.7 million (vs 21.0 million)
- Repeat order pct
- 80.2%
- H1 free cash flow
- 195000000
- Q2 free cash flow
- 301000000
- Revolver capacity
- 500000000
- 2027 notes settled
- $250M converted ahead of March 23, 2026 redemption, settled in cash plus 0.9M shares
- 2028 notes retired
- $145M repurchased plus $444M converted via redemption (no longer outstanding)
- 2034 secured notes
- $400M issued May 18, 2026 at 7.125% coupon (7.2% effective), due May 31, 2034
- H1 adjusted ebitda
- 393000000
- Q2 adjusted ebitda
- 242000000
- H1 operating income
- 93000000
- Orders delivered q2
- 10.6 million
- Q2 operating income
- 104000000
- Capex pct of revenue
- 1.8%
- Average order value q2
- 332
- H1 operating cash flow
- 308000000
- H1 interest expense net
- 78000000
- Q2 2025 adjusted ebitda
- 205000000
- Q2 adjusted diluted eps
- 0.95
- H1 equity based compensation
- 136000000
- Letters of credit outstanding
- 82000000
- H1 loss on debt extinguishment
- 102000000
- Ltm revenue per active customer
- 596
Price after filing
Close on the filing date to close N calendar days later (from $89.78). Historical, not a forecast.
AI analysis
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