Wayfair Q3 2025 Financial Results

Wayfair Inc. announced its financial results for the third quarter ended September 30, 2025. The company reported total net revenue of $3.1 billion, an 8.1% increase year over year. U.S. net revenue grew by 8.6% to $2.7 billion, while international net revenue increased by 4.6% to $389 million. Gross profit was $934 million, representing 30.0% of total net revenue. The company reported a net loss of $99 million, with Non-GAAP Adjusted EBITDA of $208 million. Wayfair's Adjusted EBITDA margin reached 6.7%, the highest in its history outside the pandemic period. The company also highlighted growth in orders delivered, which increased by 5.4% year over year to 9.8 million. Active customers totaled 21.2 million, a slight decrease of 2.3% year over year. Wayfair's CEO, Niraj Shah, emphasized the company's strong profitability flow-through and fixed cost discipline as key drivers of this performance.