Wayfair(US:W)2025-10-28 11:07Financial Performance - Q3 2025 net revenue reached $3.1 billion, an increase of $233 million or 8.1% year-over-year[5] - U.S. net revenue was $2.7 billion, an increase of $216 million or 8.6% year-over-year[5] - Net revenue for Q3 2025 was $3,117 million, a 8.1% increase from $2,884 million in Q3 2024[18] - International net revenue for Q3 2025 was $389 million, a 4.6% increase from $372 million in Q3 2024[18] Customer Metrics - Active customers totaled 21.2 million, a decrease of 2.3% year-over-year[6] - Orders delivered in Q3 2025 were 9.8 million, reflecting a growth of 5.4% year-over-year[6] - Repeat customers accounted for 80.1% of total orders delivered in Q3 2025, up from 79.9% in Q3 2024[6] Profitability - Adjusted EBITDA for Q3 2025 was $208 million, up 74.8% from $119 million in Q3 2024[7] - Gross profit was $934 million, representing 30.0% of total net revenue[5] - Gross profit for Q3 2025 reached $934 million, compared to $873 million in Q3 2024, reflecting a 7% increase[18] - Adjusted EBITDA margin for Q3 2025 was 6.7%, compared to 4.1% in Q3 2024[28] - Adjusted EBITDA for the US segment increased to $209 million in Q3 2025, up from $141 million in Q3 2024, representing a growth of 48.2%[29] - International segment reported an Adjusted EBITDA loss of $1 million in Q3 2025, an improvement from a loss of $22 million in Q3 2024[29] Cash Flow - Non-GAAP Free Cash Flow for Q3 2025 was $93 million, compared to a negative $9 million in Q3 2024[7] - Free Cash Flow for the nine months ended September 30, 2025, was $332 million, compared to $155 million in the same period of 2024[20] - Net cash provided by operating activities rose to $155 million in Q3 2025, compared to $49 million in Q3 2024, marking a 216.3% increase[30] Losses and Expenses - The company reported a net loss of $99 million in Q3 2025, compared to a net loss of $74 million in Q3 2024[5] - Operating expenses totaled $896 million in Q3 2025, down from $947 million in Q3 2024, a decrease of 5.4%[18] - The company recorded a loss on debt extinguishment of $99 million in Q3 2025[28] - The company incurred restructuring charges of $3 million in Q3 2025, compared to $68 million in the same quarter of the previous year[30] Shareholder Metrics - Adjusted Diluted Earnings per Share for Q3 2025 was $0.70, up from $0.22 in Q3 2024, reflecting a growth of 218.2%[30] - The weighted average number of shares for diluted loss per share increased to 129 million in Q3 2025 from 123 million in Q3 2024[30] Capital Expenditures - The company’s purchase of property and equipment was $27 million in Q3 2025, compared to $17 million in Q3 2024[30]