The sharp GAAP loss and halved non-GAAP profit despite solid top-line growth signal margin compression from acquisition costs and elevated spending. Monitor Q2 revenue growth rate and FCF margin for confirmation of the mid-teens guidance. The tender offer reduces float by ~30%, which could support EPS, but the underlying earnings decline warrants caution.
Price Chart
Executive Summary
Wix reported Q1 2026 revenue of $541.2M (+14% YoY) and bookings of $585.0M (+15% YoY), driven by strong Base44 and new user cohort growth. However, GAAP net income swung to a loss of $57.5M from a profit of $33.8M a year ago, and non-GAAP net income fell to $42.5M from $93.9M. The company maintained its full-year mid-teens growth outlook but flagged a softer start in Partners and Middle East productivity headwinds.
Key Facts
- Q1 2026 revenue: $541.2M, up 14% YoY
- Q1 2026 bookings: $585.0M, up 15% YoY
- GAAP net loss: $57.5M vs. net income of $33.8M in Q1 2025
- Non-GAAP net income: $42.5M vs. $93.9M in Q1 2025
- Free cash flow excluding acquisition costs: $112.3M, or 21% of revenue
- Repurchased ~17.5M shares for ~$1.6B via tender offer in April 2026, reducing outstanding shares to ~41.85M
- Full-year 2026 outlook maintained: mid-teens revenue and bookings growth; FCF margin (ex-acquisition costs) in high-teens
- Partners business had a softer start; Middle East conflict causing product rollout delays
Financial Impact
Revenue grew 14% YoY to $541.2M, but GAAP net income swung to a $57.5M loss from a $33.8M profit. Non-GAAP net income fell 55% to $42.5M. Free cash flow ex-acquisition costs was $112.3M, down from $142.4M.
Risk Factors
- GAAP profitability deteriorated significantly due to acquisition-related costs and higher operating expenses
- Partners business softness and Middle East conflict headwinds could weigh on future results
- Non-GAAP net income declined 55% YoY, indicating underlying earnings pressure
- Shekel strengthening against USD creates ~$64M headwind to full-year operating expenses
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001628280-26-034370 |
| Document: wix-6xkxfirstquarter2026.htm | 0001628280-26-034370 |
| Document: 0001628280-26-034370-index-headers.html | 0001628280-26-034370 |
| Document: 0001628280-26-034370-index.html | 0001628280-26-034370 |
| Document: 0001628280-26-034370.txt | 0001628280-26-034370 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | Press Release | $82.58 $78.49 | ▼ −4.95% | ▼ −5.77% | $72.62 (−12.06%) |
Sep 14, 2026 18d ago | Press Release | $83.33 $83.53 | ▲ +0.24% | ▲ +0.13% | $72.62 (−12.85%) |
Sep 10, 2026 22d ago | Press Release | $75.52 $79.90 | ▼ −5.80% | ▼ −6.30% | $72.62 (+3.84%) |
Sep 9, 2026 22d ago | Press Release | $75.52 $79.90 | ▼ −5.80% | ▼ −6.30% | $72.62 (+3.84%) |
Sep 2, 2026 4w ago | Insider Cluster | $86.69 $75.52 | ▼ −12.88% | ▼ −11.93% | $72.62 (−16.23%) |
Aug 28, 2026 5w ago | Press Release | $87.62 $76.21 | ▲ +13.02% | ▲ +13.13% | $72.62 (+17.12%) |
Aug 26, 2026 5w ago | Press Release | $85.76 $86.69 | ▼ −1.08% | ▼ −1.85% | $72.62 (+15.32%) |
Aug 24, 2026 5w ago | Press Release | $84.42 $88.25 | ▲ +4.54% | ▲ +4.07% | $72.62 (−13.98%) |
Aug 20, 2026 6w ago | Press Release | $82.47 $85.76 | ▼ −3.99% | ▼ −2.87% | $72.62 (+11.94%) |
Aug 14, 2026 7w ago | Press Release | $74.13 $82.07 | ▼ −10.71% | ▼ −12.08% | $72.62 (+2.04%) |
US Market Status
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