$W · Wayfair Inc.
Wayfair's Q3 FY2026 10-Q shows net revenue of $3.42B (+9.7% YoY), gross margin of 29.6%, and a swing to $62M net income from a $99M loss a year earlier. Adjusted EBITDA rose to $236M from $208M, and adjusted diluted EPS was $0.93 vs $0.70. The company remains in a stockholders' deficit of $2.80B, with cash down to $1.04B from $1.48B at year-end after debt repayments.
- Net revenue rose 9.7% YoY to $3.42B in Q3 FY2026.
- Net income swung to $62M from a $99M loss a year earlier.
- Adjusted EBITDA rose to $236M from $208M; adjusted diluted EPS $0.93 vs $0.70.
- U.S. segment Adjusted EBITDA was $261M; International was a $25M loss.
- Cash fell to $1.04B from $1.48B at year-end after $696M of debt settlement.
Shares are up 11% on the day to $123.56, with extended-hours trading essentially flat at $123.62 (+0.05% vs regular close), suggesting the earnings-driven move was already priced in during the regular session.
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Wayfair's return to profitability and 9.7% revenue growth contrasts with a softer home-goods backdrop, signaling share gains and cost discipline versus peers.
The company remains in a $2.80B stockholders' deficit and carries $2.57B in long-term debt, with cash down to $1.04B after heavy debt repayments. The International segment continues to lose money at the Adjusted EBITDA level.