Wayfair(US:W) Prnewswireยท2025-08-04 11:00Core Insights - Wayfair reported a successful second quarter in 2025, with a net revenue of $3.3 billion, marking a year-over-year increase of 5.0% [10]. - The company achieved a 6% revenue growth year-over-year when excluding the impact of its exit from the German market, the highest growth rate since early 2021 [3][10]. - Active customers totaled 21.0 million, a decrease of 4.5% year-over-year, while the LTM net revenue per active customer increased by 5.9% to $572 [11]. Financial Highlights - Net revenue for Q2 2025 was $3,273 million, compared to $3,117 million in Q2 2024 [20]. - Gross profit was $984 million, representing 30.1% of total net revenue [10]. - Net income was $15 million, with a diluted earnings per share of $0.11 [10][20]. - Adjusted EBITDA for the quarter was $205 million, with an adjusted EBITDA margin of 6.3% [10][34]. Operational Metrics - The average order value increased to $328 in Q2 2025 from $313 in Q2 2024 [11]. - Orders delivered remained stable at 10 million for both Q2 2025 and Q2 2024 [11]. - Repeat customers accounted for 80.7% of total orders delivered in Q2 2025, slightly down from 81.7% in Q2 2024 [11]. Cash Flow and Liquidity - Net cash provided by operating activities was $273 million for Q2 2025, compared to $245 million in Q2 2024 [20]. - Free cash flow for the quarter was $230 million, up from $183 million in the same period last year [34]. - The company reported total liquidity of $1.8 billion, including cash, cash equivalents, and availability under its revolving credit facility [10].