The combination of strong top-line growth, successful Base44 integration, and continued investment in AI (Harmony) positions Wix for sustained expansion. The $250M private investment at a modest discount — with long-term lockup and strategic alignment — adds credibility. Traders should monitor early 2026 cohort growth acceleration and FCF trajectory as key indicators of whether the heavy R&D spend is translating into durable monetization.
Price Chart
Executive Summary
Wix reported strong Q4 and full-year 2025 results with 14% YoY revenue growth to $524.3 million and $1.99 billion respectively, driven by momentum in Base44 and core subscriptions. The company announced a $250 million private investment from Durable Capital Partners and plans to aggressively execute its $2 billion share repurchase program. For 2026, Wix expects mid-teens revenue and bookings growth, with free cash flow margin in the low- to mid-20% range as it invests heavily in AI-driven products like Wix Harmony and Base44.
Key Financial Metrics
Key Facts
- Q4 2025 revenue was $524.3 million, up 14% YoY; full-year revenue was $1.99 billion, up 13% YoY
- Q4 2025 bookings were $534.5 million, up 15% YoY
- Non-GAAP net income in Q4 was $111.3 million ($2.03 per share), up from $117.1 million ($2.10) in Q4 2024
- Full-year non-GAAP net income was $441.6 million ($7.95 per share), up from $383.3 million ($6.90) in 2024
- Free cash flow was $573.0 million in 2025, or 29% of revenue excluding acquisition costs
- Base44 reached $100 million in ARR just nine months after acquisition
- $250 million private placement led by Durable Capital Partners at a 5% discount to market, including warrants at a 25% premium
- Company plans to complete majority of $2 billion share repurchase program by end of 2026
Financial Impact
Mid-teens revenue and bookings growth expected in 2026 with FCF margin in low- to mid-20% range; $250M equity infusion supports growth investments and buybacks
Risk Factors
- Increased R&D and S&M investments may pressure near-term profitability despite strong revenue growth
- The private placement includes warrants that could lead to future dilution if exercised
- Execution risk around scaling Base44 and Wix Harmony in a competitive AI/no-code landscape
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3249040 |
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 23d 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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