Wayfair Inc - 2026年度季度报告

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: ☒Accelerated filer☐Smaller reporting companyEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒ Part I. FINANCIAL INFORMATION Item 1.Financial Statements Condensed Consolidated Statements of Comprehensive Loss for the Three Months Ended March 31, 2026 and20253 WAYFAIR INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Supplemental cash flow information: Wayfair Inc.Notes to Condensed Consolidated Financial Statements 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 been consisting of normal recurring adjustments, necessary for a fair statement of the results of the interim periods presented. Certain information andnote disclosures normally included in the audited financial statements prepared in accordance with GAAP have been condensed or omittedpursuant to such rules and regulations. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with the 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 months ended March31, 2026 to the items disclosed in Note 1,Summary of Adoption of New Accounting Principles Wayfair adopted ASU 2024-04,Debt - Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions ofConvertible Debt Instruments, on January 1, 2026 prospectively. The amendment clarifies the assessment of whether certain settlements ofconvertible debt instruments should be accounted for as an induced conversion. The amendment did not have a material impact on the Recently Issued Accounting Pronouncements In November 2024, the FASB issued ASU 2024-03,Income Statement - Reporting Comprehensive Income - Expense DisaggregationDisclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires disclosure of specific expense categories in thenotes to the financial statements. The amendment is effective for annual periods beginning after December 15, 2026, and interim reportingperiods within annual reporting periods beginning after December 15, 2027, with early adoption permitted. The amendment should be applied In September 2025, the FASB issued ASU 2025-06,Intangibles - Goodwill and Other Internal-Use Software (Subtopic 350-40):Targeted Improvements to the Accounting for Internal-Use Software,which clarifies and modernizes the accounting for costs related to internal-use software, and clarifies the threshold that entities apply to begin capitalizing costs. The amendment is effective for annual periods beginningafter December 15, 2027, and interim periods within those fiscal years. The amendment can be applied on a fully prospective basis, a modified In December 2025, the FASB issued ASU 2025-11,Interim Reporting (Topic 270): Narrow-Scope Improvements.This ASU amendsTopic 270, by improving the navigability of the required interim disclosures and clarifying when that guidance is applicable. The amendmentsalso provide additional guidance on what disclosures should be provided in interim reporting periods. Additionally, the amendment requiresentities to disclose events since the end of the last annual reporting period that had a material impact on the entity. The amendment is effective 2. Supplemental Financial Statement Disclosures Accounts Receivable, Net As of March31, 2026, accounts receivable was $158 million, net of allowance for credit losses of $24 million. As of December31, 2025,accounts receivable was $132 million, net of allowance for credit losses of