{"schema_version":"secwatch.filing_event.v1","accession":"0001616707-23-000078","form_type":"8-K","ticker":"W","cik":"0001616707","company_name":"Wayfair Inc.","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.677975+00:00","generated_at":"2026-06-15T22:07:10.635416+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Wayfair Q1 net revenue $2.8B, net loss $355M, expects positive EBITDA in Q2","bullets":["Net revenue $2.774B, down 7.3% YoY; U.S. $2.4B (-5.0%), International $359M (-20.4%).","Net loss $355M; diluted EPS loss $3.22; Non-GAAP Adjusted EBITDA loss $(14)M, improving toward breakeven.","Active customers 21.7M, down 14.6% YoY; LTM net revenue per active customer $552 (+6.2%).","Orders delivered 9.7M (-6.7% YoY); repeat customers placed 79.1% of total orders.","Management expects positive Adjusted EBITDA in Q2 2023; cites market share gains and cost improvements."],"urls":{"canonical":"https://secwatch.observer/filing/0001616707-23-000078","json":"https://secwatch.observer/filing/0001616707-23-000078.json","markdown":"https://secwatch.observer/filing/0001616707-23-000078.md","text":"https://secwatch.observer/filing/0001616707-23-000078.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1616707/000161670723000078/0001616707-23-000078-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1616707/000161670723000078/w-20230504.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T22:07:10.635416+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"751883fd1132fcc54d39df363ac6a8dadb5f2483","claim":"Wayfair Inc. reported first quarter ended March 31, 2023 results: revenue $2.8 billion, net income $355 million, EPS $3.22. Guidance initiated.","evidence_excerpt":"First Quarter 2023 Financial Highlights • Total net revenue of $2.8 billion decreased $219 million, down 7.3% year over year • U.S. net revenue of $2.4 billion decreased $127 million, down 5.0% year over year • International net revenue of $359 million decreased $92 million, down 20.4% year over year. International Net Revenue Constant Currency Growth was (14.4)% • Gross profit was $821 million or 29.6% of total net revenue • Net loss was $355 million and Non-GAAP Adjusted EBITDA was ($14) million • Diluted loss per share was $3.22 and Non-GAAP Adjusted Diluted Loss Per Share was $1.13 • Net cash used in operating activities was $147 million and Non-GAAP Free Cash Flow was ($234) million • Cash, cash equivalents and short-term investments totaled $1.0 billion and total liquidity was $1.6 billion including availability under our revolving credit facility","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1616707/000161670723000078/0001616707-23-000078-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$2.8 billion"},{"label":"Net income","value":"$355 million"},{"label":"EPS","value":"$3.22"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}