---
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"
generated_at: "2026-06-15T22:07:10.635416+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Wayfair Q1 net revenue $2.8B, net loss $355M, expects positive EBITDA in Q2

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001616707-23-000078
- JSON: https://secwatch.observer/filing/0001616707-23-000078.json
- Plain text: https://secwatch.observer/filing/0001616707-23-000078.txt

## Key facts
- Earnings Releases
  Wayfair Inc. reported first quarter ended March 31, 2023 results: revenue $2.8 billion, net income $355 million, EPS $3.22. Guidance initiated.
  - Period: first quarter ended March 31, 2023
  - Revenue: $2.8 billion
  - Net income: $355 million
  - EPS: $3.22
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1616707/000161670723000078/0001616707-23-000078-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.