Wayfair Inc. Files Q3 2024 10-Q

TL;DR

Wayfair's Q3 2024 10-Q is in. Check financials.

AI Summary

Wayfair Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter of 2024. Key financial data and disclosures relevant to investors are presented.

Why It Matters

This filing provides investors with the latest financial health and performance indicators for Wayfair, crucial for understanding the company's trajectory in the e-commerce retail sector.

Risk Assessment

Risk Level: medium — As a publicly traded company in the competitive e-commerce sector, Wayfair faces inherent market and operational risks detailed in its SEC filings.

Key Numbers

• 2024-09-30 — Reporting Period End Date (Indicates the specific date up to which financial information is reported.)
• 2024-11-01 — Filing Date (Shows when the report was officially submitted to the SEC.)

Key Players & Entities

• Wayfair Inc. (company) — Filer of the 10-Q
• 2024-09-30 (date) — End of the reporting period
• 2024-11-01 (date) — Filing date
• 0001616707-24-000054 (other) — Accession number for the filing

FAQ

Key Financial Figures

• $0.001 — which registered Class A Common Stock, $0.001 par value W The New York Stock Exchange
• $1,000 — bility Date Initial Conversion Rate per $1,000 Principal Initial Conversion Price Rede

Filing Documents

• w-20240930.htm (10-Q) — 1275KB
• a2024-09x30exx311.htm (EX-31.1) — 10KB
• a2024-09x30exx312.htm (EX-31.2) — 10KB
• a2024-09x30exx321.htm (EX-32.1) — 5KB
• a2024-09x30exx322.htm (EX-32.2) — 5KB
• 0001616707-24-000054.txt ( ) — 6203KB
• w-20240930.xsd (EX-101.SCH) — 36KB
• w-20240930_cal.xml (EX-101.CAL) — 58KB
• w-20240930_def.xml (EX-101.DEF) — 215KB
• w-20240930_lab.xml (EX-101.LAB) — 491KB
• w-20240930_pre.xml (EX-101.PRE) — 364KB
• w-20240930_htm.xml (XML) — 883KB

FINANCIAL INFORMATION

Part I. FINANCIAL INFORMATION 1 Item 1.

Financial Statements

Financial Statements 1 Condensed Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023 1 Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2024 and 2023 2 Condensed Consolidated Statements of Comprehensive Loss for the Three and Nine Months Ended September 30, 2024 and 2023 3 Condensed Consolidated Statements of Stockholders' Deficit for the Three and Nine Months Ended September 30, 2024 and 2023 4 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 6 Notes to Condensed Consolidated Financial Statements 8 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 19 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 36 Item 4.

Controls and Procedures

Controls and Procedures 36

OTHER INFORMATION

Part II. OTHER INFORMATION 36 Item 1.

Legal Proceedings

Legal Proceedings 36 Item 1A.

Risk Factors

Risk Factors 37 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 37 Item 5. Other Information 37 Item 6. Exhibits 38

Signatures

Signatures 39 Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements WAYFAIR INC. CONDENSED CONSOLIDATED BALANCE SHEETS September 30, December 31, 2024 2023 (Unaudited) (in millions, except share and per share data) Assets: Current assets Cash and cash equivalents $ 1,296 $ 1,322 Short-term investments 32 29 Accounts receivable, net 155 140 Inventories 81 75 Prepaid expenses and other current assets 248 289 Total current assets 1,812 1,855 Operating lease right-of-use assets 888 820 Property and equipment, net 658 748 Other non-current assets 56 51 Total assets $ 3,414 $ 3,474 Liabilities and Stockholders' Deficit: Current liabilities Accounts payable $ 1,187 $ 1,234 Other current liabilities 982 949 Total current liabilities 2,169 2,183 Long-term debt 3,061 3,092 Operating lease liabilities, net of current 884 862 Other non-current liabilities 33 44 Total liabilities 6,147 6,181 Commitments and contingencies (Note 5) Stockholders' deficit: Convertible preferred stock, $ 0.001 par value per share: 10,000,000 shares authorized and none issued at September 30, 2024 and December 31, 2023 — — Class A common stock, par value $ 0.001 per share, 500,000,000 shares authorized, 97,888,601 and 92,457,562 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively — — Class B common stock, par value $ 0.001 per share, 164,000,000 shares authorized, 25,691,295 shares issued and outstanding at September 30, 2024 and December 31, 2023 — — Additional paid-in capital 1,657 1,316 Accumulated deficit ( 4,382 ) ( 4,018 ) Accumulated other comprehensive loss ( 8 ) ( 5 ) Total stockholders' deficit ( 2,733 ) ( 2,707 ) Total liabilities and stockholders' deficit $ 3,414 $ 3,474 See notes to unaudited condensed consolidated financial statements. 1 Table of Contents WAYFAIR INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions, except pe

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View this 10-Q filing on SEC EDGAR