Revenue has collapsed to zero following the divestiture of the Wish platform, rendering the company's historical retail operations and traditional EPS metrics irrelevant.
| Sales/Revenue | 32.4M | 0 | 43M | 287M | 571M | 2.08B | 2.54B | 1.9B | 1.45B | 1.1B | 0 |
| Revenue Growth % | 362.86% | -100% | -85.02% | -49.74% | -72.61% | -17.95% | 33.67% | 31.1% | 31.7% | - | - |
| Cost of Goods Sold | 21.5M | 0 | 36M | 228M | 405M | 977M | 947M | 443M | 278M | 205M | 0 |
| COGS % of Revenue | - | - | 83.72% | 79.44% | 70.93% | 46.86% | 37.27% | 23.3% | 19.17% | 18.62% | - |
| Gross Profit | 10.9M | 0 | 7M | 59M | 166M | 1.11B | 1.59B | 1.46B | 1.17B | 896M | 0 |
| Gross Margin % | 33.64% | - | 16.28% | 20.56% | 29.07% | 53.14% | 62.73% | 76.7% | 80.83% | 81.38% | - |
| Gross Profit Growth % | - | -100% | -88.14% | -64.46% | -85.02% | -30.49% | 9.33% | 24.4% | 30.8% | - | - |
| Operating Expenses | 35.2M | 31M | 86M | 387M | 564M | 1.48B | 2.23B | 1.6B | 17.94M | 1.04B | 3.4M |
| OpEx % of Revenue | - | - | 200% | 134.84% | 98.77% | 70.74% | 87.56% | 84.27% | 1.24% | 94.73% | - |
| Selling, General & Admin | 11.22M | 7.02M | 60M | 235M | 370M | 1.27B | 2B | 1.53B | 1.63B | 1.01B | 1.37M |
| SG&A % of Revenue | - | - | 139.53% | 81.88% | 64.8% | 60.77% | 78.83% | 80.38% | 112.28% | 92.19% | - |
| Research & Development | 0 | 0 | 26M | 152M | 194M | 208M | 222M | 74M | 11.08M | 28M | 2.03M |
| R&D % of Revenue | - | - | 60.47% | 52.96% | 33.98% | 9.98% | 8.74% | 3.89% | 0.76% | 2.54% | - |
| Other Operating Expenses | 1000K | 23.98M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -24.3M | -31M | -79M | -328M | -398M | -367M | -631M | -144M | -223M | -147M | -3.4M |
| Operating Margin % | -75% | - | -183.72% | -114.29% | -69.7% | -17.6% | -24.83% | -7.58% | -15.38% | -13.35% | - |
| Operating Income Growth % | - | 60.76% | 75.91% | 17.59% | -8.45% | 41.84% | -338.19% | 35.43% | -51.7% | -4219.72% | - |
| EBITDA | -18.3M | -31M | -78M | -324M | -392M | -358M | -619M | -134M | -215M | -143M | -3.39M |
| EBITDA Margin % | -56.48% | - | -181.4% | -112.89% | -68.65% | -17.17% | -24.36% | -7.05% | -14.83% | -12.99% | - |
| EBITDA Growth % | 49.17% | 60.26% | 75.93% | 17.35% | -9.5% | 42.16% | -361.94% | 37.67% | -50.35% | -4122.03% | - |
| D&A (Non-Cash Add-back) | 6M | 0 | 1M | 4M | 6M | 9M | 12M | 10M | 8M | 4M | 16K |
| EBIT | -24.3M | -31M | -79M | -328M | -398M | -367M | -631M | -144M | -223M | -147M | -3.41M |
| Net Interest Income | 2M | 8M | 6M | 16M | 15M | 16M | -2M | 19M | 15M | 10M | 0 |
| Interest Income | 2M | 8M | 6M | 16M | 15M | 16K | -902K | 1.5M | 15M | 54K | 0 |
| Interest Expense | 4.8M | 0 | 0 | 0 | 0 | -15.98M | 1.1M | -17.5M | 0 | -9.95M | 1K |
| Other Income/Expense | -19.6M | 8M | 10M | 16M | 15M | 16M | -112M | 16M | 15M | -60M | -7K |
| Pretax Income | -43.9M | -23M | -69M | -312M | -383M | -351M | -743M | -128M | -208M | -207M | -3.41M |
| Pretax Margin % | -135.49% | - | -160.47% | -108.71% | -67.08% | -16.83% | -29.24% | -6.73% | -14.34% | -18.8% | - |
| Income Tax | -41.9M | 6K | 6M | 5M | 1M | 10M | 2M | 1M | 86K | 0 | 18K |
| Effective Tax Rate % | 95.44% | -0.03% | -8.7% | -1.6% | -0.26% | -2.85% | -0.27% | -0.78% | -0.04% | 0% | -0.53% |
| Net Income | -5M | -29M | -75M | -317M | -384M | -361M | -745M | -129M | -208M | -207M | -3.43M |
| Net Margin % | -15.43% | - | -174.42% | -110.45% | -67.25% | -17.31% | -29.32% | -6.79% | -14.34% | -18.8% | - |
| Net Income Growth % | 75% | 61.33% | 76.34% | 17.45% | -6.37% | 51.54% | -477.52% | 37.98% | -0.48% | -5938.51% | - |
| Net Income (Continuing) | -2M | -23M | -75M | -317M | -384M | -361M | -745M | -129M | -208M | -207M | -3.43M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 443.7M | 78K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.11 | -1.09 | -2.92 | -13.36 | -17.13 | -17.10 | -176.10 | -7.19 | -10.99 | -15.15 | -0.25 |
| EPS Growth % | 49.11% | 62.67% | 78.14% | 22.01% | -0.18% | 90.29% | -2349.23% | 34.58% | 27.46% | -5960% | - |
| EPS (Basic) | - | -1.09 | -2.92 | -13.36 | -17.13 | -17.10 | -175.98 | -7.19 | -10.99 | -13.32 | -0.25 |
| Diluted Shares Outstanding | 45.73M | 26.75M | 25.69M | 23.73M | 22.41M | 20.97M | 4.23M | 18.92M | 18.92M | 13.67M | 13.67M |
| Basic Shares Outstanding | 45.73M | 26.75M | 25.69M | 23.73M | 22.41M | 20.97M | 4.23M | 18.92M | 18.92M | 13.67M | 13.67M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - |
Imminent insolvency and delisting
As reported in financial statements, LOGC's revenue trajectory has effectively collapsed to zero following the divestiture of its core Wish platform, marking a complete departure from its historical retail operations and leaving the entity without any meaningful top-line growth drivers or ongoing commercial activity to report.
The transition from a multi-million dollar marketplace to a non-operating entity renders traditional revenue growth analysis obsolete. Investors should recognize that the reported figures reflect a legacy business that no longer exists, shifting the focus entirely to the entity's status as a shell.
Based on the company's most recent filings, the cost structure has shifted from high-variable logistics and marketing expenses to a fixed-cost profile dominated by administrative and regulatory compliance fees, which now threaten to exhaust the remaining $77,000 in cash reserves without any offsetting revenue generation.
The absence of R&D and COGS indicates that the company has successfully shed its operational footprint. However, the persistence of SG&A expenses in a non-operating environment suggests that the remaining capital is being consumed by the costs of maintaining a public listing, which appears unsustainable.
According to recent SEC filings, the reported net income figures are heavily influenced by non-operating items and the accounting treatment of the asset sale, rather than core business performance, rendering traditional EPS metrics entirely irrelevant for assessing the company's current value or future earnings potential.
The volatility in net income, including the anomalous positive net income in 2026Q1, likely stems from accounting adjustments related to the divestiture rather than operational profitability. Analysts should treat these figures as accounting artifacts that provide no insight into the entity's underlying economic health.
While some market participants may view the company as a vehicle for a reverse merger to utilize its Net Operating Losses, the extremely low cash balance of $77,000 suggests that the entity may lack the necessary liquidity to survive until such a transaction can be executed.
The reliance on NOLs as the primary value proposition is highly speculative, as it assumes both the preservation of these assets and the ability to attract a viable merger partner. Given the current cash position, the risk of total capital impairment appears significantly higher than the potential upside.
Quick answers to the most common questions about buying LOGC stock.
For fiscal year 2025, ContextLogic Inc. (LOGC) reported total revenue of $0.0M.
ContextLogic Inc. (LOGC) reported a net loss of $29.0M for the fiscal year ending 2025.