Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.38B | $4.72B | $6.78B | $9.13B | $14.1B | $13.7B | $12.2B | $12.0B | $11.9B | $12.5B |
| Revenue growth | — | 39.7% | 43.6% | 34.6% | 55.0% | -3.1% | -10.9% | -1.8% | -1.3% | 5.1% |
| Gross profit | $808M | $1.12B | $1.59B | $2.15B | $4.11B | $3.90B | $3.42B | $3.67B | $3.57B | $3.77B |
| Gross margin | 23.9% | 23.7% | 23.4% | 23.5% | 29.1% | 28.4% | 28.0% | 30.6% | 30.2% | 30.2% |
| Operating income | -$196M | -$235M | -$473M | -$930M | $360M | -$94.0M | -$1.38B | -$813M | -$461M | $17.0M |
| Operating margin | -5.8% | -5.0% | -7.0% | -10.2% | 2.5% | -0.7% | -11.3% | -6.8% | -3.9% | 0.1% |
| Net income | -$194M | -$245M | -$504M | -$985M | $185M | -$131M | -$1.33B | -$738M | -$492M | -$313M |
| Net margin | -5.8% | -5.2% | -7.4% | -10.8% | 1.3% | -1.0% | -10.9% | -6.1% | -4.2% | -2.5% |
| EPS (diluted) | -$2.29 | -$2.81 | -$5.63 | -$10.68 | $1.86 | -$1.26 | -$12.54 | -$6.47 | -$4.01 | -$2.44 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $62.8M | $33.6M | $84.9M | -$197M | $1.42B | $410M | -$674M | $349M | $317M | $534M |
| Capital expenditures | $96.7M | $100M | $159M | $272M | $186M | $101M | $186M | $148M | $73.0M | $70.0M |
| Free cash flow | -$33.9M | -$66.8M | -$74.3M | -$469M | $1.23B | $309M | -$860M | $201M | $244M | $464M |
| Share buybacks | $0.00 | — | $0.00 | $0.00 | $380M | $300M | $75.0M | $0.00 | $0.00 | — |
| Dividends paid | $0.00 | — | — | — | — | — | — | — | — | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $280M | $559M | $849M | $583M | $2.13B | $1.71B | $1.05B | $1.32B | $1.32B | $1.48B |
| Total assets | $762M | $1.21B | $1.89B | $2.95B | $4.57B | $4.57B | $3.58B | $3.47B | $3.46B | $3.44B |
| Total liabilities | $682M | $1.26B | $2.22B | $3.90B | $5.76B | $6.19B | $6.13B | $6.18B | $6.21B | $6.22B |
| Long-term debt | $0.00 | $333M | $739M | $1.46B | $2.66B | $3.05B | $3.14B | $3.09B | $2.88B | $3.23B |
| Shareholders' equity | $79.4M | -$48.3M | -$331M | -$944M | -$1.19B | -$1.62B | -$2.55B | -$2.71B | -$2.75B | -$2.78B |
| Retained earnings | -$330M | -$583M | -$1.08B | -$2.07B | -$1.89B | -$1.95B | -$3.28B | -$4.02B | -$4.51B | -$4.82B |
| Shares (wtd avg diluted) | — | — | 89.5M | 92.0M | 99.0M | 104M | 106M | 114M | 123M | 128M |
Every figure is extracted from Wayfair Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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