Wix Stock Down 70% in One Year, and This $7 Million Investor Called It Quits

Core Insights - Metavasi Capital sold its entire stake of 37,000 shares in Wix.com, resulting in a decline of $6.57 million in the quarter-end value of the position [2][4] Company Overview - Wix.com operates as a leading provider of website development and business management solutions, utilizing a subscription-based model to drive recurring revenue [6][8] - As of February 17, 2026, Wix.com had a market capitalization of $3.83 billion and reported revenue of $1.93 billion with a net income of $138.90 million [4] Financial Performance - Wix's third-quarter revenue increased by 14% year over year to $505.2 million, with bookings also rising by 14% [7] - The company's free cash flow reached $127 million in the quarter, with management projecting approximately $600 million in free cash flow for 2025 [9] Market Position - Wix.com has seen its stock price decline by 70.1% over the past year, significantly underperforming the S&P 500's gain of roughly 15% during the same period [7] - The company maintains a competitive edge through a robust technology platform and a diverse product ecosystem, targeting individuals, small businesses, and enterprises globally [6][8]