Wix Reports Third Quarter 2025 Results | Taiwan News | Nov. 19, 2025 14:00

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55% : For more about Wix, please visit our Press Room Media Relations Contact: [email protected] Non-GAAP Financial Measures and Key Operating Metrics To supplement its consolidated financial statements, which are prepared and presented in accordance with U.S. GAAP, Wix uses the following non-GAAP financial measures: bookings, cumulative cohort bookings, bookings on a constant currency basis, revenue on a constant currency basis, non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, free cash flow, free cash flow on a constant currency basis, free cash flow, as adjusted, free cash flow margins, non-GAAP R&D expenses, non-GAAP S&M expenses, non-GAAP G&A expenses, non-GAAP operating expenses, non-GAAP cost of revenue expense, non-GAAP financial expense, non-GAAP tax expense (collectively the "Non-GAAP financial measures").
55% : 59,101 52,909 169,299 160,751 Business Solutions 100,827 89,119 295,761 260,248 159,928 142,028 465,060 420,999 Gross Profit 345,266 302,645 1,003,715 879,196 Operating expenses: Research and development 172,025 124,593 434,257 368,095 Selling and marketing 137,428 109,096 362,146 318,828 General and administrative 43,184 43,110 132,972 128,152 Impairment, restructuring and other costs - - - - Total operating expenses 352,637 276,799 929,375 815,075 Operating income (loss) (7,371) 25,846 74,340 64,121 Financial income (expenses), net 14,926 4,198 (17,619) 35,465 Other income (expenses), net 4,136 (191) 4,323 58 Income before taxes on income 11,691 29,853 61,044 99,644 Income tax expenses (benefit) 12,280 3,075 (29,836) 9,346 Net income (loss)$(589) $26,778 $90,880 $90,298 Basic net income per share$(0.01) $0.49 $1.63 $1.63 Basic weighted-average shares used to compute net income per share 55,651,271 55,099,939 55,754,920 55,509,920 Diluted net income per share$(0.01) $0.46 $1.55 $1.55 Diluted weighted-average shares used to compute net income per share 55,651,271 58,166,801 58,686,501 58,294,313 Wix.com Ltd. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) Period ended September 30,December 31, 2025 2024 Assets(unaudited) (audited)Current Assets: Cash and cash equivalents$889,616 $660,939 Restricted cash 9,230 - Short-term deposits 387,408 106,844 Restricted deposits 240 773
53% : Important factors that could cause our actual results to differ materially from those indicated in the forward-looking statements include, among others, our expectation that we will be able to attract and retain registered users and partners to our various offerings, and generate new paid subscriptions, in particular as we continuously adjust our marketing strategy and as the macro-economic environment continues to be turbulent; our expectation that we will be able to increase the average revenue we derive per paid subscription, including through our partners; our expectation that new products and developments, as well as third-party products we will offer in the future within our platform, will receive customer acceptance and satisfaction, including the growth in market adoption of our online commerce solutions and our Wix Studio product, as well as our vibe coding product; our expectations regarding our ability to develop relevant and required products using artificial intelligence ("AI"), the regulatory environment impacting AI and AI-related activities, including privacy and intellectual property, and potential competitive impacts from AI tools; our assumption that historical user behavior can be extrapolated to predict future user behavior, in particular during turbulent macro-economic environments; our prediction of the future revenues and/or bookings generated by our user cohorts and our ability to maintain and increase such revenue growth, as well as our ability to generate and maintain elevated levels of free cash flow and profitability; our expectation to maintain and enhance our brand and reputation; our expectation that we will effectively execute our initiatives to improve our user support function through our Customer Care team, and continue attracting registered users and partners, and increase user retention, user engagement and sales; our ability to successfully localize our products, including by making our product, support and communication channels available in additional languages and to expand our payment infrastructure to transact in additional local currencies and accept additional payment methods; our expectation regarding the impact of fluctuations in foreign currency exchange rates, interest rates, potential illiquidity of banking systems, and other recessionary trends on our business; our expectations relating to the repurchase of our ordinary shares and/or Convertible Notes pursuant to our repurchase program; our expectation that we will effectively manage our infrastructure; our expectation to comply with AI, privacy, and data protection laws and regulations as well as contractual privacy and data protection obligations; our expectations regarding the outcome of any regulatory investigation or litigation, including class actions; our expectations regarding future changes in our cost of revenues and our operating expenses on an absolute basis and as a percentage of our revenues, including as a result of elevated costs related to AI, as well as our ability to achieve and maintain profitability; our expectations regarding changes in the global, national, regional or local economic, business, competitive, market, and regulatory landscape, including as a result of the war and hostilities between Israel and Hamas, Hezbollah, Iran and the Houti movement in Yemen and/or the Ukraine-Russia war and any escalations thereof and potential for wider regional instability and conflict; our planned level of capital expenditures and our belief that our existing cash and cash from operations will be sufficient to fund our operations for at least the next 12 months and for the foreseeable future; our expectations with respect to the integration and performance of acquisitions; our ability to attract and retain qualified employees and key personnel; and our expectations about entering into new markets and attracting new customer demographics, including our ability to successfully attract new partners, large enterprise-level users and to grow our activities, including through the adoption of our Wix Studio product, with these customer types as anticipated other factors discussed under the heading "Risk Factors" in the Company's annual report on Form 20-F for the year ended December 31, 2024 filed with the Securities and Exchange Commission on March 21, 2025.
52% : Non-GAAP tax expense represents tax expense calculated in accordance with GAAP as adjusted for provisions for income tax effects related to non-GAAP adjustments.
51% : Marketable securities 307,605 338,593 Trade receivables 54,688 44,674 Prepaid expenses and other current assets 101,862 128,577 Total current assets 1,750,649 1,280,400 Long-Term Assets: Prepaid expenses and other long-term assets 40,156 27,021 Property and equipment, net 117,418 128,155 Deferred tax asset 72,356 - Marketable securities 4,897 6,135 Intangible assets, net 23,301 22,141 Goodwill 150,942 49,329 Operating lease right-of-use assets 398,822 399,861 Total long-term assets 807,892 632,642
51% : Total current liabilities 1,078,100 1,515,412 Long Term Liabilities: Deferred revenues 110,664 89,271 Deferred tax liability 4,992 1,965 Convertible notes, net 1,124,494 - Other long-term liabilities 114,995 16,021 Operating lease liabilities 404,061 369,159 Total long-term liabilities 1,759,206 476,416 Total liabilities 2,837,306 1,991,828 Shareholders' Deficiency Ordinary shares 105 107 Additional paid-in capital 2,008,326 1,840,574 Treasury shares (1,500,159) (1,025,167)Accumulated other comprehensive loss 23,625 7,242 Accumulated deficit (810,662) (901,542)Total shareholders' deficiency (278,765) (78,786) Total liabilities and shareholders' deficiency$2,558,541 $1,913,042 Wix.com Ltd. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) Three Months Ended Nine Months Ended September 30, September 30, 2025 2024 2025 2024 (unaudited) (unaudited)OPERATING ACTIVITIES:
50% : The Company is unable to provide reconciliations of free cash flow, free cash flow margin, free cash flow, as adjusted, bookings, cumulative cohort bookings, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating expenses as a percentage of revenue, and non-GAAP tax expense to their most directly comparable GAAP financial measures on a forward-looking basis without unreasonable effort because items that impact those GAAP financial measures are out of the Company's control and/or cannot be reasonably predicted.
50% : Non-operating foreign exchange income2,460 (886) 11,283 (8,470)(8) Provision for income tax effects related to non-GAAP adjustments- - - 583 Total adjustments of GAAP to Non GAAP$100,786 $62,484 $239,435 $175,868 Wix.com Ltd.RECONCILIATION
49% : Non-GAAP financial expense represents financial expense calculated in accordance with GAAP as adjusted for unrealized gains of equity investments, amortization of debt discount and debt issuance costs and non-operating foreign exchange expenses.
48% : Non-GAAP net income (loss) represents net loss calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, amortization, sales tax expense accrual and other G&A expenses (income), amortization of debt discount and debt issuance costs and acquisition-related expenses and non-operating foreign exchange expenses (income).
47% : Non-GAAP operating income (loss) represents operating income (loss) calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, amortization, acquisition-related expenses and sales tax expense accrual and other G&A expenses (income).
47% : Net income (loss)$(589) $26,778 $90,880 $90,298 Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation 6,190 6,099 18,426 18,968 Amortization 1,370 1,461 4,077 4,409 Share based compensation expenses 59,565 60,892 179,265 178,920 Amortization of debt discount and debt issuance costs 959 792 2,548 2,373 Changes in accrued interest and exchange rate on short term and long term deposits (504) (283) (602) 1,487 Amortization of premium and discount and accrued interest on marketable securities, net (5,650) (10,077) (26,502) (6,374)Remeasurement loss (gain) on marketable equity securities and investments in privately held companies (42) - (42) (2,536)Changes in deferred income taxes, net (2,097) 30 (66,913) (5,189)Changes in operating lease right-of-use assets 4,842 9,585 14,445 19,895 Changes in operating lease liabilities 10,736 (18,753) 36,035 (30,265)Loss (gain) on foreign exchange, net (11,876) (716) (17,714)

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