Company profile

Ticker
W
Exchange
Website
CEO
Niraj S. Shah
Employees
Location
Fiscal year end
SEC CIK

W stock data

(
)

Calendar

3 Nov 20
26 Nov 20
31 Dec 20

News

Quarter (USD) Sep 20 Jun 20 Mar 20 Sep 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Wayfair earnings reports.

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
17 Nov 20 Fleisher Michael D Class A Common Stock Sell Dispose S Yes 237.38 750 178.04K 95,030
16 Nov 20 Fleisher Michael D Class A Common Stock Sell Dispose S Yes 226 750 169.5K 95,780
12 Nov 20 Bradley Julie MB Class A Common Stock Grant Aquire A No 0 397 0 2,725
12 Nov 20 Anke Schaferkordt Class A Common Stock Grant Aquire A No 0 397 0 2,684
12 Nov 20 Netzer Thomas RSU Class A Common Stock Grant Aquire A No 0 7,500 0 7,500
12 Nov 20 James R. Miller RSU Class A Common Stock Grant Aquire A No 0 5,628 0 5,628
13F holders
Current Prev Q Change
Total holders 413 368 +12.2%
Opened positions 97 138 -29.7%
Closed positions 52 51 +2.0%
Increased positions 136 85 +60.0%
Reduced positions 122 106 +15.1%
13F shares
Current Prev Q Change
Total value 23.96B 15.3B +56.6%
Total shares 76.35M 77.46M -1.4%
Total puts 4.62M 5.46M -15.3%
Total calls 5.95M 6.02M -1.1%
Total put/call ratio 0.8 0.9 -14.3%
Largest owners
Shares Value Change
FMR 10.26M $2.99B +1.2%
Baillie Gifford & Co 7.53M $2.19B +23.5%
Spruce House Investment Management 7.25M $2.11B 0.0%
Vanguard 5.68M $1.65B +2.9%
MS Morgan Stanley 4.7M $1.37B +2.2%
Prescott General Partners 4.1M $1.19B -11.7%
BLK BlackRock 3.64M $1.06B +4.6%
Bares Capital Management 2.58M $749.92M -13.8%
Ruane, Cunniff & Goldfarb 2.34M $679.63M -21.3%
JPM JPMorgan Chase & Co. 2.08M $612.58M +64.4%
Largest transactions
Shares Bought/sold Change
Baillie Gifford & Co 7.53M +1.43M +23.5%
JHG Janus Henderson 1.76M -1.01M -36.4%
Wellington Management 1.57K -949.9K -99.8%
JPM JPMorgan Chase & Co. 2.08M +814.59K +64.4%
Ruane, Cunniff & Goldfarb 2.34M -633.44K -21.3%
Prescott General Partners 4.1M -542.11K -11.7%
Two Sigma Advisers 982.3K +428.4K +77.3%
Bares Capital Management 2.58M -413.1K -13.8%
Citadel Advisors 168.97K -334.48K -66.4%
Susquehanna International 7.61K -333.62K -97.8%

Financial report summary

?
Risks
  • Our recent growth rates may not be sustainable or indicative of our future growth.
  • If we fail to manage our growth effectively, our business, financial condition and operating results could be harmed.
  • If we fail to acquire new customers or retain existing customers, or fail to do so in a cost-effective manner, we may not be able to achieve profitability.
  • Our success depends in part on our ability to increase our net revenue per active customer. If our efforts to increase customer loyalty and repeat purchasing as well as maintain high levels of customer engagement are not successful, our growth prospects and net revenue will be materially adversely affected.
  • Our business depends on our ability to build and maintain strong brands. We may not be able to maintain and enhance our brands if we receive unfavorable customer complaints, negative publicity or otherwise fail to live up to consumers' expectations, which could materially adversely affect our business, results of operations and growth prospects.
  • Our efforts to expand our business into new brands, products, services, technologies, and geographic regions will subject us to additional business, legal, financial, and competitive risks and may not be successful.
  • Expansion of our international operations will require management attention and resources, involves additional risks, and may be unsuccessful, which could harm our future business development and existing domestic operations.
  • Fluctuations in currency exchange rates could adversely affect our financial performance and our reported results of operations.
  • We have a history of losses and expect to have operating losses and negative cash flow as we continue to expand our business.
  • System interruptions that impair customer access to our sites or other performance failures or incidents involving our logistics network, our technology infrastructure or our critical technology partners could damage our business, reputation and brand and substantially harm our business and results of operations.
  • We rely upon Google Cloud to operate certain aspects of our service and any disruption of or interference with our use of the Google Cloud operation would impact our operations and our business would be adversely impacted.
  • Our failure or the failure of third-party service providers to protect our sites, networks and systems against security breaches, or otherwise to protect our confidential information, could damage our reputation and brand and substantially harm our business and operating results.
  • Our business is highly competitive. Competition presents an ongoing threat to the success of our business.
  • Purchasers of home goods may not choose to shop online, which would prevent us from growing our business.
  • We may be subject to product liability and other similar claims if people or property are harmed by the products we sell.
  • Risks associated with the suppliers from whom our products are sourced could materially adversely affect our financial performance as well as our reputation and brand.
  • We may be unable to source new suppliers or strengthen our relationships with current suppliers.
  • We depend on our suppliers to perform certain services regarding the products that we offer.
  • We depend on our relationships with third parties, and changes in our relationships with these parties could adversely impact our net revenue and profits.
  • If our internal control over financial reporting or our disclosure controls and procedures are not effective, we may not be able to accurately report our financial results, prevent fraud or file our periodic reports in a timely manner, which may cause investors to lose confidence in our reported financial information and may lead to a decline in our stock price.
  • We may be unable to accurately forecast our financial and operating results and appropriately plan our expenses in the future.
  • The seasonal trends in our business create variability in our financial and operating results and place increased strain on our operations.
  • Our ability to raise capital in the future may be limited, and our failure to raise capital when needed could prevent us from growing.
  • Our business may be adversely affected if we are unable to provide our customers a cost-effective shopping platform that is able to respond and adapt to rapid changes in technology.
  • Significant merchandise returns could harm our business.
  • Uncertainties in global economic conditions and their impact on consumer spending patterns, particularly in the home goods market, could adversely impact our operating results.
  • Our business relies heavily on email and other messaging services, and any restrictions on the sending of emails or messages or an inability to timely deliver such communications could materially adversely affect our net revenue and business.
  • We are subject to risks related to online payment methods.
  • Government regulation of the Internet and e-commerce is evolving, and unfavorable changes or failure by us to comply with these regulations could substantially harm our business and results of operations.
  • Failure to comply with federal, state and international laws and regulations relating to privacy, data protection and consumer protection, or the expansion of current or the enactment of new laws or regulations relating to privacy, data protection and consumer protection, could adversely affect our business and our financial condition.
  • Changes in tax treatment of companies engaged in e-commerce may adversely affect the commercial use of our sites and our financial results.
  • Our business could suffer if we are unsuccessful in making, integrating and maintaining acquisitions and investments.
  • We rely on the performance of members of management and highly skilled personnel, and if we are unable to attract, develop, motivate and retain well-qualified employees, our business could be harmed.
  • We may not be able to adequately protect our intellectual property rights.
  • We have been, and may again be, accused of infringing intellectual property rights of third parties.
  • We are engaged in legal proceedings that could cause us to incur unforeseen expenses and could occupy a significant amount of our management's time and attention.
  • We cannot guarantee that our stock repurchase program will be fully consummated or that it will enhance long-term shareholder value. Stock repurchases could also increase the volatility of the trading price of our stock and could diminish our cash reserves.
  • Our outstanding indebtedness, or additional indebtedness that we may incur, could limit our operating flexibility and adversely affect our financial condition.
  • The conditional conversion feature of either series of the Notes, if triggered, may adversely affect our financial condition and operating results.
  • The dual class structure of our common stock has the effect of concentrating voting control with our co-founders, which will limit your ability to influence corporate matters.
  • Our stock price may be volatile or may decline regardless of our operating performance.
  • Short selling could increase the volatility of our stock price.
  • Substantial sales of shares of our Class A common stock could cause the market price of our Class A common stock to decline.
  • The capped call transactions expose us to counterparty risk and may affect the value of our common stock.
  • If securities or industry analysts do not publish research or reports about our business, or publish negative reports about our business, our share price and trading volume could decline.
  • Our management has broad discretion over our existing cash resources and might not use such funds in ways that increase the value of your investment.
  • Although we do not rely on "controlled company" exemptions from certain corporate governance requirements under the New York Stock Exchange, or NYSE, rules, if we use these exemptions in the future, you will not have the same protections afforded to stockholders of companies that are subject to such requirements.
  • Anti-takeover provisions in our charter documents and under Delaware law could make an acquisition of our company more difficult, limit attempts by our stockholders to replace or remove our current management and limit the market price of our Class A common stock.
Management Discussion
  • (1) Direct Retail net revenue is calculated by taking consolidated net revenue and excluding revenue derived from the websites operated by our retail partners and our media solutions business, which accounted for $38.8 million and $61.1 million of the U.S. net revenue for the years ended December 31, 2019 and 2018, respectively.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
Coll freshman Avg
New words: approved, basket, binding, column, composite, embedded, enforceable, entirety, Entity, Exhibit, extinguish, extinguishment, falling, hereto, holiday, instrument, joinder, license, loan, met, peak, presidential, purport, removing, scope, season, serving, shown, simultaneously, Subtopic, unamortized
Removed: affiliated, borrow, Closing, depending, dispose, domestic, enter, Eurodollar, final, grace, highest, limit, mandatory, margin, prepay, prime, refinance, restrict, sublimit, voluntarily

Patents

GRANT
Utility
Systems and methods for providing an extended reality interface
17 Nov 20
Some embodiments include a system comprising an extended reality (XR) display device configured to display an XR interface to a user; at least one hardware processor communicatively coupled to the XR display device and configured to perform: receiving a model of a room; receiving a plurality of furniture models corresponding to a plurality of pieces of furniture; providing the XR interface using the model of the room and the plurality of furniture models at least in part by: displaying, via the XR display device, a furniture display comprising at least some of the plurality of furniture models and a search field to permit entry of text; detecting entry of a text string into the search field; identifying, using the text string, at least one furniture model from the plurality of furniture models; and displaying, via the XR display device, the at least one furniture model in the furniture display.
GRANT
Utility
Mixing virtual image data and physical image data
17 Nov 20
Methods, computer program products, and systems are presented.
GRANT
Utility
Stock management for electronic transactions
13 Oct 20
Stock management for electronic transactions includes receiving an indication that an item of stock has been selected to be purchased by a purchaser.
APP
Utility
Systems and Methods for Scene-independent Augmented Reality Interfaces
8 Oct 20
Some embodiments include a method comprising using a first computing device to perform: obtaining an image of a scene captured using a camera coupled to the first computing device; obtaining camera setting values used to capture the image; determining, using the image, surface attribute values characterizing at least one surface shown in the image of the scene; generating an augmented reality (AR) interface at least in part by using the camera setting values and the surface attribute values to create a first composite image by overlaying a selected virtual furniture object onto the image so that the virtual furniture object is displayed in the AR interface as being on a first surface of the at least one surface shown in the image; and transmitting, to a second computing device and via at least one communication network, the first composite image, the camera setting values and the surface attribute values.
GRANT
Utility
Identifying objects in an image
18 Aug 20
Identifying objects in an image.