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Wayfair W Unwind of capped calls

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Other financials

Income statement

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Revenue$3.5B+7.5%
Gross profit$1.1B+7.1%
Operating income$104.0M+512%
Net income-$1.0M-107%
EPS (diluted)-$0.01-109%

Balance sheet

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Cash & equivalents$1.1B-19.7%
Total debt$2.8B-25.5%
Total equity-$2.8B-2.5%
Total assets$3.0B-9.2%

Cash flow

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Operating cash flow$360.0M+31.9%
CapEx$26.0M+100%
Free cash flow$334.0M+28.5%

Valuation

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Market cap$14.6B+56.9%
Enterprise value$16.33B+39.2%
P/S1.1×+0.4×

Profitability

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Gross margin30.1%-0.2pp
Operating margin1.7%+1.0pp
Net margin-2.5%0.0pp
FCF margin4.4%+1.6pp

Returns & leverage

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Return on equity-380.2%
Debt / equity135.6×
Current ratio0.7×-0.1×

Where this comes from

Reported directly by Wayfair in its filing.

Tagged under the XBRL concept w:ProceedsFromCappedCalls.

The source filing: Wayfair’s 10-K, filed February 19, 2026. Open the filing →

Filed
Feb 19, 2026, 4:08 PM EST
Fiscal year
FY2025
Accession
0001616707-26-000027

FAQ

What is Wayfair's unwind of capped calls?
Wayfair (W) reported unwind of capped calls of $12.25M in Q4 2025.
How has Wayfair's unwind of capped calls changed year-over-year?
Wayfair's unwind of capped calls increased by 1533.3% year-over-year, from $750K to $12.25M.
What does unwind of capped calls mean?
Cash inflows received from the settlement or unwinding of capped call derivative contracts. These proceeds typically arise when the underlying debt is settled or the hedge is no longer required. This reflects the recovery of capital previously deployed for hedging purposes.

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