{ "ok": true, "cik": "1616707", "ticker": "W", "name": "Wayfair Inc.", "filings": [ { "form": "10-Q", "filed": "2026-08-04", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1616707/000161670726000150/0001616707-26-000150-index.htm" }, { "form": "8-K", "filed": "2026-08-04", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1616707/000161670726000147/0001616707-26-000147-index.htm" }, { "form": "8-K", "filed": "2026-05-22", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "5.07 Submission of Matters to a Vote of Security Holders", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1616707/000161670726000122/0001616707-26-000122-index.htm" }, { "form": "8-K", "filed": "2026-05-18", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1616707/000119312526229012/0001193125-26-229012-index.htm" }, { "form": "8-K", "filed": "2026-05-14", "items": [ "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1616707/000119312526222168/0001193125-26-222168-index.htm" }, { "form": "8-K", "filed": "2026-05-13", "items": [ "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1616707/000119312526220660/0001193125-26-220660-index.htm" } ], "events12m": 14, "healthWatch": { "window": "last 12 months", "since": "2025-09-27", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-05-22", "url": "https://www.sec.gov/Archives/edgar/data/1616707/000161670726000122/0001616707-26-000122-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001616707.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1616707" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up Wayfair Inc. ($W). Last filing: 10-Q, 2026-08-04. 14 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2025-01-31.", "auditor": { "changes": [ { "filed": "2025-01-31", "url": "https://www.sec.gov/Archives/edgar/data/1616707/000161670725000007/0001616707-25-000007-index.htm" } ], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 12457000000, "revenueGrowth1y": 0.05113492532275754, "revenueGrowthPerYear": -0.02364030697508135, "yearsOfData": 5, "operatingMargin": 0.001364694549249418, "operatingMarginPrior": -0.03889967091384693, "netMargin": -0.02512643493618046, "operatingCashFlow": 534000000, "capitalSpending": 70000000, "freeCashFlow": 464000000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 1476000000, "longTermDebt": 3272000000, "longTermDebtChange": 0.049390635022450224, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 13708000000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 12218000000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 12003000000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 11851000000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 12457000000 } ], "totalEquity": -2782000000, "totalAssets": 3440000000, "equityRatio": -0.8087209302325581, "returnOnEquity": null, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": -2.44, "sharesOutstanding": 128000000, "bookValuePerShare": -21.734375, "revenuePerShare": 97.3203125, "range80": { "low": 11303838106.458427, "high": 13576880462.470057, "baseline": 12815844437.113972, "n": 1471, "band": "b10", "bandLabel": "$10B+", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.06810812745539077, "classVolatility": 0.06659579566308972, "volatility": 0.0673562061931926 }, "ifPaceHeld": { "low": 11303838106.458427, "high": 13576880462.470057 } }, "edgarette": "🔖 Exposure: revenue $12.5B (FY2025), total debt $3.3B. Experience: revenue up 5.1% on the year, down 2.4% a year over 4 years; operating margin 0.1%, up from -3.9%. Soundness: equity -80.9% of assets (liabilities exceed assets). Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $11.3B and $13.6B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $10.4B to $14.6B. A statistical range, not company guidance. Against peers (24 filers, $50M+ revenue, retail-catalog & mail-order houses): operating margin 0.1% against a 0.3% median; growth 5.1% against 4.4%.", "peers": { "sic": 5961, "sicDescription": "Retail-Catalog & Mail-Order Houses", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "5961", "growth": [ 0.0444, 23 ], "opMargin": [ 0.0034, 24 ], "equityRatio": [ 0.3238, 22 ], "returnOnEquity": [ -0.0193, 18 ] }, "summary": "Wayfair Inc. (W) grew revenue 5.1% in FY2025 to $12.5 billion, operating margin 0.1%, in line with the 0.3% median for retail-catalog & mail-order houses, equity -80.9% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
Wayfair Inc. against its own record and its peers
Operating marginPeer median 0.3%0.1%Revenue, on the yearPeer median 4.4%5.1%Equity of assetsPeer median 32.4%-80.9%Gold tick: the median of 22–22 peers with $50M+ revenue in retail-catalog & mail-order houses
", "chartHorizon": null, "backtest": { "tests": 10, "hits": 7, "rate": 0.7, "method": "v4", "byYear": { "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 0, 1 ], "2021": [ 0, 1 ], "2022": [ 0, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-27T15:24:15.856Z", "hash": "944d13e1d4055493", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Wayfair Inc. (W) grew revenue 5.1% in FY2025 to $12.5 billion, operating margin 0.1%, in line with the 0.3% median for retail-catalog & mail-order houses, equity -80.9% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 12457000000, "totalDebt": 3272000000, "cash": 1476000000 }, "experience": { "revenueGrowth1y": 0.05113492532275754, "revenueGrowthPerYear": -0.02364030697508135, "operatingMargin": 0.001364694549249418, "operatingMarginPrior": -0.03889967091384693, "netMargin": -0.02512643493618046, "freeCashFlow": 464000000 }, "soundness": { "equityRatio": -0.8087209302325581, "returnOnEquity": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 5961, "sicDescription": "Retail-Catalog & Mail-Order Houses", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "5961", "growth": [ 0.0444, 23 ], "opMargin": [ 0.0034, 24 ], "equityRatio": [ 0.3238, 22 ], "returnOnEquity": [ -0.0193, 18 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": { "filed": "2025-01-31", "url": "https://www.sec.gov/Archives/edgar/data/1616707/000161670725000007/0001616707-25-000007-index.htm" } }, "healthWatch": { "window": "last 12 months", "since": "2025-09-27", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-05-22", "url": "https://www.sec.gov/Archives/edgar/data/1616707/000161670726000122/0001616707-26-000122-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 11303838106.458427, "high": 13576880462.470057, "baseline": 12815844437.113972, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 1471, "sizeBand": "$10B+", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.06810812745539077, "classVolatility": 0.06659579566308972, "pricedVolatility": 0.0673562061931926, "k": 3 }, "stress": { "low": 10429659095.401613, "high": 14611217092.896412, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 10, "hits": 7, "rate": 0.7, "method": "v4", "byYear": { "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 0, 1 ], "2021": [ 0, 1 ], "2022": [ 0, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-27T15:24:15.856Z", "hash": "944d13e1d4055493", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001616707.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1616707" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.0429, "growth3y": 0.0065, "volatility": 0.0681, "paysDividend": false, "raisedDividend": false, "equityRatio": -0.8087, "quadrant": { "code": "ss", "label": "Slow and steady", "plain": "growing slower than its size class, with steadier revenue" }, "compass": { "code": "between", "inside": "Turns 4.3% of revenue into operating cash; revenue growing 0.7% a year over three years; no common dividend; liabilities exceed assets.", "outside": "Among $10B+ companies: 16th percentile for cash, 30th for growth.", "emoji": "🌊", "label": "In between", "plain": "no clear cash pattern yet" }, "band": "$10B+", "cashPctInClass": 16, "growthPctInClass": 30, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "balance", "text": "liabilities exceed assets (often from years of share buybacks, not always distress)" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 534000000, "investing": -219000000, "financing": -129000000, "capitalSpending": 70000000, "free": 464000000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 410000000, "free": 309000000 }, { "fiscalYearEnd": "2022-12-31", "operating": -674000000, "free": -860000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 349000000, "free": 201000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 317000000, "free": 244000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 534000000, "free": 464000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 1476000000, "shortTerm": 66000000, "longTerm": 20000000, "equityHoldings": null, "totalAssets": 3440000000, "ladder": null, "currentRatio": 0.94, "unrealizedGain": 0, "unrealizedLoss": 0, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.0429, "growth3y": 0.0065, "volatility": 0.0681, "paysDividend": false, "raisedDividend": false, "equityRatio": -0.8087, "quadrant": { "code": "ss", "label": "Slow and steady", "plain": "growing slower than its size class, with steadier revenue" }, "compass": { "code": "between", "inside": "Turns 4.3% of revenue into operating cash; revenue growing 0.7% a year over three years; no common dividend; liabilities exceed assets.", "outside": "Among $10B+ companies: 16th percentile for cash, 30th for growth.", "emoji": "🌊", "label": "In between", "plain": "no clear cash pattern yet" }, "band": "$10B+", "cashPctInClass": 16, "growthPctInClass": 30, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "balance", "text": "liabilities exceed assets (often from years of share buybacks, not always distress)" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 534000000, "investing": -219000000, "financing": -129000000, "capitalSpending": 70000000, "free": 464000000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 410000000, "free": 309000000 }, { "fiscalYearEnd": "2022-12-31", "operating": -674000000, "free": -860000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 349000000, "free": 201000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 317000000, "free": 244000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 534000000, "free": 464000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 1476000000, "shortTerm": 66000000, "longTerm": 20000000, "equityHoldings": null, "totalAssets": 3440000000, "ladder": null, "currentRatio": 0.94, "unrealizedGain": 0, "unrealizedLoss": 0, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }