Wix(US:WIX)2026-03-04 12:59Financial Performance - Q4 2025 total revenue was $524.3 million, up 14% year-over-year, with total bookings of $534.5 million, also up 15% year-over-year[11]. - For the full year 2025, total revenue reached $1.99 billion, a 13% increase year-over-year, with Creative Subscriptions revenue at $1.41 billion, up 11% year-over-year[13]. - The company anticipates mid-teens percentage growth in both bookings and revenue for the full year 2026, with a similar outlook for Q1 2026[16]. - Creative Subscriptions revenue for Q4 2025 reached $370.4 million, up from $329.7 million in Q4 2024, representing a growth of 12.9% year-over-year[31]. - Business Solutions revenue for Q4 2025 was $153.8 million, compared to $130.7 million in Q4 2024, marking an increase of 17.7% year-over-year[31]. - Total revenues for the year ended December 31, 2025, were $1.993 billion, an increase of 13.2% from $1.761 billion in 2024[31]. - Total bookings for the year ended December 31, 2025, were $2,069,889, up 13.1% from $1,830,052 for the year ended December 31, 2024[39]. - Revenues for Q4 2025 reached $524.3 million, a 14% increase from $460.5 million in Q4 2024[41]. - Total bookings for Q4 2025 were $534.5 million, reflecting a year-over-year growth of 15% compared to $464.6 million in Q4 2024[41]. Profitability and Loss - The company reported a GAAP net loss of $40.2 million in Q4 2025, while non-GAAP net income was $111.3 million[11]. - Operating loss for Q4 2025 was $(72.6) million, a decline from an operating income of $36.0 million in Q4 2024[31]. - Net loss for Q4 2025 was $(40.2) million, compared to a net income of $48.0 million in Q4 2024[31]. - Basic net loss per share for Q4 2025 was $(0.73), down from a basic net income per share of $0.86 in Q4 2024[31]. - Non-GAAP operating income for Q4 2025 was $81.2 million, with a non-GAAP operating margin of 15%[52]. - The company reported a net loss of $72.6 million for Q4 2025, compared to a net income of $36.0 million in Q4 2024[52]. - Net income for Q4 2025 was $(40,234) thousand, a decrease from $48,024 thousand in Q4 2024[53]. - Non-GAAP net income for Q4 2025 was $111,321 thousand, slightly down from $117,100 thousand in Q4 2024[53]. Cash Flow and Investments - Free cash flow (FCF) margin for 2026 is expected to be in the low- to mid-20% range, reflecting investments in product innovation and market expansion[17]. - Wix executed $100 million in share repurchases in Q4 2025, with a total of $575 million in share repurchases for the full year 2025[11][13]. - Free Cash Flow for Q4 2025 increased to $155,569 thousand from $131,773 thousand in Q4 2024[55]. - Net cash provided by operating activities for the year ended December 31, 2025 was $582,858 thousand, up from $497,415 thousand in 2024[55]. - Free cash flow for the year ended December 31, 2025, was $572,957, an increase of 19.8% from $478,079 for the year ended December 31, 2024[39]. - Free Cash Flow excluding HQ build out and acquisition costs for the year ended December 31, 2025 was $605,085 thousand, compared to $488,404 thousand in 2024[55]. User Growth and Market Expansion - Base44 achieved $100 million in annual recurring revenue (ARR) just one year after its founding, significantly expanding Wix's total addressable market (TAM)[4]. - Total registered users as of December 31, 2025, exceeded 304 million, with 6.11 million total premium subscriptions[13]. - The company anticipates continued growth in Creative Subscriptions and Business Solutions, driven by new product developments and market expansion strategies[27]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[41]. Expenses - Research and development expenses for the year ended December 31, 2025, totaled $645.5 million, up from $495.3 million in 2024, indicating a 30.2% increase[31]. - Selling and marketing expenses for the year ended December 31, 2025, were $514.3 million, compared to $425.5 million in 2024, reflecting a 20.9% increase[31]. - Share-based compensation expenses totaled $58.1 million for Q4 2025, compared to $61.8 million in Q4 2024[52]. - Share-based compensation expenses and other Non-GAAP adjustments for Q4 2025 were $151,555 thousand, up from $69,076 thousand in Q4 2024[53]. Balance Sheet - Total current assets increased to $1,324,014 as of December 31, 2025, compared to $1,280,400 as of December 31, 2024, reflecting a growth of 3.4%[34]. - Total liabilities rose to $2,976,976 as of December 31, 2025, from $1,991,828 as of December 31, 2024, indicating a significant increase of 49.5%[34]. - Total current liabilities decreased to $1,112,661 as of December 31, 2025, from $1,515,412 as of December 31, 2024, a reduction of 26.6%[34]. - Capital expenditures for the year ended December 31, 2025 were $(9,901) thousand, down from $(19,336) thousand in 2024[55]. - Weighted average shares used in computing diluted Non-GAAP net income per share for Q4 2025 were 61,612,590, compared to 60,648,791 in Q4 2024[53].