wayfair inc-a 2025年季度报告

For the quarterly period endedSeptember30, 2025OR Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filingrequirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 ofRegulationS-T (§ 232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” inRule12b-2 of the Exchange Act: If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any newor revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒ WAYFAIR INC.INDEX TO QUARTERLY REPORT ON FORM10-QFor the Quarterly Period Ended September30, 2025 Item 1.Financial Statements1Condensed Consolidated Balance Sheets asof September30, 2025and December 31, 20241Condensed Consolidated Statements of Operations for theThree and Nine MonthsEnded September 30, 2025and 20242Condensed Consolidated Statements of Comprehensive Loss for the Three andNineMonths EndedSeptember30, 2025 and 20243Condensed Consolidated Statements of Stockholders' Deficit for the Three andNineMonths EndedSeptember30, 2025 and 20244Condensed Consolidated Statements of Cash Flows for theNineMonths EndedSeptember30, 2025 and 20246Notes to Condensed Consolidated Financial Statements8Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations22Item 3.Quantitative and Qualitative Disclosures About Market Risk40Item 4.Controls and Procedures40Part II. OTHER INFORMATION40Item 1.Legal Proceedings40Item 1A.Risk Factors40Item 2.Unregistered Sales of Equity Securities and Use of Proceeds40Item 5.Other Information41Item 6.Exhibits42Signatures43 WAYFAIR INC.CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS(Unaudited) WAYFAIR INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) WAYFAIR INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) Wayfair Inc.Notes to Condensed Consolidated Financial Statements(Unaudited) 1. Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements contained in this Quarterly Report on Form 10-Q are those ofWayfair Inc. and its wholly-owned subsidiaries. Unless the context indicates otherwise, “Wayfair,” “the Company" or similar terms refer toWayfair Inc. and its subsidiaries. In the Company’s opinion, the accompanying unaudited condensed consolidated financial statements have beenprepared in accordance with generally accepted accounting principles in the United States ("GAAP") and applicable rules and regulations of theUnited States (“U.S.”) Securities and Exchange Commission ("SEC") regarding interim financial reporting and reflect all adjustments, consistingof normal recurring adjustments, necessary for a fair statement of the results of the interim periods presented. Certain information and notedisclosures normally included in the audited financial statements prepared in accordance with GAAP have been condensed or omitted pursuantto such rules and regulations. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with the auditedconsolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the year endedDecember31, 2024. Furthermore, interim results are not necessarily indicative of the results for the full year ended December31, 2025 or futureperiods. The Company has identified significant accounting policies that are critical to understanding its business and results of operations. Wayfairbelieves that there have been no significant changes during the three and nine months ended September30, 2025 to the items disclosed in Note1,Summary of Significant Accounting Policies, included in Part II, Item 8, Financial Statements and Supplementary Data, of the Company’sAnnual Report on Form 10-K for the year ended December31, 2024. Recently Issued Accounting Pronouncements In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09,Income Taxes (Topic 740): Improvements to Income Tax Disclosure