Slide 1: Wayfair Announces First Quarter 2026 Results
Exhibit 99.1 Wayfair Announces First Quarter 2026 Results, Reports Strong Share Capture and a Return to Active Customer Growth Q1 Net Revenue of $2.9 billion with 21.4 million Active Customers BOSTON, MA — April 30, 2026 — Wayfair Inc. (“Wayfair,” “we,” or “our”) (NYSE: W), the destination for all t
Slide 2: Key Financial Statement and Operating Metrics
Key Financial Statement and Operating Metrics Three Months Ended March 31, 2026 2025 (in millions, except LTM net revenue per active customer, average order value and per share data) Key Financial Statement Metrics: Net revenue $ 2,931 $ 2,730 Gross profit $ 880 $ 837 Loss from operations $ (11) $ (
Slide 3: Webcast and Conference Call
Webcast and Conference Call Wayfair will host a conference call and webcast to discuss its first quarter 2026 financial results today at 8 a.m. (ET). Investors and participants should register for the call in advance by visiting https://events.q4inc.com/analyst/623259531?pwd=Kh3Vm6S9. After register
Slide 4: Forward-Looking Statements
Forward-Looking Statements This press release contains forward-looking statements within the meaning of federal and state securities laws. All statements other than statements of historical fact contained in this press release are forward-looking statements, including statements regarding our invest
Slide 5: Condensed Consolidated Balance Sheets
WAYFAIR INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) March 31, December 31, 2026 2025 (in millions, except share and per share data) Assets: Current assets Cash and cash equivalents $ 1,004 $ 1,476 Short-term investments 58 66 Accounts receivable, net 158 132 Inventories 78 71 Prepaid expe
Slide 6: Condensed Consolidated Statements of Operations
WAYFAIR INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended March 31, 2026 2025 (in millions, except per share data) Net revenue (1) $ 2,931 $ 2,730 Cost of goods sold (2) 2,051 1,893 Gross profit 880 837 Operating expenses: Customer service and merchant fees (2) 114
Slide 7: Condensed Consolidated Statements of Cash Flows
WAYFAIR INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) Three Months Ended March 31, 2026 2025 (in millions) Cash flows from operating activities: Net loss $ (105) $ (113) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 67 81
Slide 8: Non-GAAP Financial Measures
Non-GAAP Financial Measures To supplement our unaudited condensed consolidated financial statements presented in accordance with generally accepted accounting principles (“GAAP”), this earnings release and the accompanying tables and the related earnings conference call contain certain non-GAAP fina
Slide 9: Forward-looking non-GAAP financial measures
We calculate forward-looking non-GAAP financial measures based on internal forecasts that omit certain amounts that would be included in forward-looking GAAP financial measures. We do not attempt to provide a reconciliation of forward- looking non-GAAP financial measures to forward looking GAAP fina
Slide 10: Reconciliation of Net Loss to Adjusted EBITDA
The following table reflects the reconciliation of net loss to Adjusted EBITDA and Adjusted EBITDA margin for each of the periods indicated: Three Months Ended March 31, 2026 2025 (in millions, except percentages) Reconciliation of Adjusted EBITDA: Net loss $ (105) $ (113) Depreciation and amortizat
Slide 11: Reconciliation to Free Cash Flow and Adjusted Diluted EPS
The following table presents a reconciliation of net cash provided by or used in operating activities to Free Cash Flow for each of the periods indicated: Three Months Ended March 31, 2026 2025 (in millions) Net cash used in operating activities $ (52) $ (96) Purchase of property and equipment (25)