Total debt doubled to $2.0B and equity turned deeply negative at -$1.7B in 2026Q2, while the current ratio fell to 0.61, indicating a severe liquidity squeeze.
Wix.com Ltd. (WIX) balance sheet — 15-year assets, liabilities & shareholders' equity history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|
| Total Current Assets | 1.1B | 1.32B | 1.28B | 1.07B | 1.15B | 1.39B | 1.1B | 765.5M | 730.28M | 264.94M | 197.86M | 132.3M | 103.13M | 110.03M | 13.21M | 16.13M |
| Cash & Short-Term Investments | 960.9M | 1.18B | 1.11B | 962.89M | 1.06B | 1.32B | 1.04B | 726.5M | 703.67M | 233.34M | 171.3M | 110M | 86.01M | 101.26M | 7.51M | 10.37M |
| Cash Only | 262.78M | 311.58M | 660.94M | 609.62M | 244.69M | 451.36M | 168.86M | 268.1M | 331.06M | 85.23M | 93.06M | 39.23M | 40.2M | 101.26M | 7.51M | 10.37M |
| Short-Term Investments | 698.01M | 869.14M | 445.44M | 353.27M | 818.78M | 868.2M | 867.07M | 458.4M | 372.61M | 148.11M | 78.24M | 70.77M | 45.81M | 0 | 0 | 0 |
| Accounts Receivable | 49.13M | 41.52M | 46.17M | 57.39M | 42.09M | 30.37M | 23.67M | 16.99M | 13.53M | 11.4M | 8.28M | 6.46M | 1.05M | 736K | 870K | 290K |
| Days Sales Outstanding | 8.28 | 7.6 | 9.57 | 13.41 | 11.07 | 8.73 | 8.78 | 8.18 | 8.18 | 9.78 | 10.42 | 11.59 | 2.7 | 3.34 | 7.27 | 4.3 |
| Inventory | 0 | 0 | 198K | 0 | 13.67M | 27.24M | 21.99M | 12.73M | 9.02M | 16.1M | 14.29M | 14.03M | 15.23M | 7.11M | 4.47M | 5.13M |
| Days Inventory Outstanding | - | - | 0.13 | - | 9.48 | 20.35 | 25.64 | 23.85 | 25.92 | 84.7 | 115.17 | 146.43 | 212.99 | 170.1 | 176.87 | 354.03 |
| Other Current Assets | 0 | 101.77M | 773K | 32.03M | 14.97M | -4.03M | 5.62M | 810K | -1.22M | -9.87M | 6.46M | 7.02M | 9.65M | 4.39M | 3.33M | 332K |
| Total Non-Current Assets | 745.67M | 1.29B | 632.64M | 733.93M | 610.63M | 669.97M | 792.34M | 334.17M | 114.47M | 67.01M | 17.12M | 17.13M | 15.3M | 5.33M | 2.91M | 2.5M |
| Property, Plant & Equipment | 421.95M | 512.68M | 528.02M | 557.49M | 309.35M | 151.53M | 124.27M | 110.95M | 21.95M | 16.2M | 8.75M | 8.73M | 7.21M | 4.23M | 2.28M | 2.21M |
| Fixed Asset Turnover | 4.37x | 3.89x | 3.33x | 2.80x | 4.49x | 8.38x | 7.92x | 6.83x | 27.51x | 26.27x | 33.15x | 23.30x | 19.69x | 19.02x | 19.14x | 11.13x |
| Goodwill | 135.02M | 0 | 49.33M | 49.33M | 49.33M | 49.3M | 24.23M | 17.8M | 17.8M | 17.8M | 1.74M | 1.74M | 1.74M | 0 | 0 | 0 |
| Intangible Assets | 27.77M | 166.83M | 22.14M | 28.01M | 33.96M | 40.25M | 19.28M | 19.84M | 24.43M | 27.25M | 3.72M | 4.46M | 4.47M | 0 | 0 | 0 |
| Long-Term Investments | 492M | 479.05M | 6.13M | 64.81M | 194.96M | 387.34M | 536.88M | 177.3M | 47.23M | 1.93M | 294K | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 58.55M | 33.85M | 27.02M | 34.3M | 23.03M | 41.55M | 87.68M | 8.28M | 2.46M | 3.06M | 1.99M | 1.31M | 1.15M | 1.09M | 631K | 291K |
| Total Assets | 1.85B | 2.61B | 1.91B | 1.8B | 1.76B | 2.06B | 1.89B | 1.1B | 844.75M | 331.94M | 214.98M | 149.43M | 118.42M | 115.36M | 16.13M | 18.63M |
| Asset Turnover | 0.85x | 0.76x | 0.92x | 0.87x | 0.79x | 0.62x | 0.52x | 0.69x | 0.71x | 1.28x | 1.35x | 1.36x | 1.20x | 0.70x | 2.71x | 1.32x |
| Asset Growth % | 143.48% | 36.48% | 6.04% | 2.6% | -14.63% | 8.78% | 72.19% | 30.18% | 154.49% | 54.41% | 43.86% | 26.19% | 2.66% | 615.38% | -13.44% | - |
| Total Current Liabilities | 1.8B | 1.11B | 1.52B | 789.03M | 1.19B | 774.3M | 631.5M | 444.19M | 340.39M | 302.38M | 206.95M | 148.33M | 96.5M | 51.66M | 25.99M | 15.27M |
| Accounts Payable | 76.74M | 74.81M | 47.08M | 38.3M | 96.07M | 114.58M | 79.88M | 37.69M | 45.57M | 34.24M | 20.71M | 12.28M | 4.61M | 4.09M | 1.94M | 978K |
| Days Payables Outstanding | 38.77 | 42.91 | 30.43 | 27.28 | 66.64 | 85.6 | 93.15 | 70.61 | 131.01 | 180.1 | 166.91 | 128.17 | 64.46 | 97.87 | 76.77 | 67.48 |
| Short-Term Debt | 500.07M | 43.26M | 572.88M | 0 | 361.62M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 3.03B | 737.35M | 30.46M | 592.61M | 529.21M | 484.45M | 373.52M | 289.15M | 227.23M | 202.48M | 146.99M | 100.56M | 64.06M | 35.78M | 18.37M | 9.98M |
| Other Current Liabilities | 0 | 146.72M | 662.1M | 76.56M | 88.19M | 62.4M | 83.14M | 18.28M | 35.23M | 36.21M | 17.75M | 18.92M | 3.29M | 41.56M | 21.53M | 240K |
| Current Ratio | 0.61x | 1.19x | 0.84x | 1.36x | 0.96x | 1.79x | 1.74x | 1.72x | 2.15x | 0.88x | 0.96x | 0.89x | 1.07x | 2.13x | 0.51x | 1.06x |
| Quick Ratio | 0.61x | 1.19x | 0.84x | 1.36x | 0.95x | 1.76x | 1.71x | 1.69x | 2.12x | 0.82x | 0.89x | 0.80x | 0.91x | 1.99x | 0.34x | 0.72x |
| Cash Conversion Cycle | -30.49 | - | -20.73 | - | -46.09 | -56.52 | -58.73 | -38.57 | -96.91 | -85.63 | -41.32 | 29.84 | 151.23 | 75.56 | 107.37 | 290.85 |
| Total Non-Current Liabilities | 1.79B | 1.86B | 476.42M | 1.07B | 831.14M | 1.14B | 974.84M | 447.73M | 352.09M | 18.24M | 10.26M | 4.91M | 3.27M | 1.4M | 704K | 271K |
| Long-Term Debt | 1.13B | 1.13B | 0 | 569.71M | 566.57M | 922.97M | 834.44M | 359.93M | 339M | 1.22M | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 1.6B | 417.58M | 369.16M | 401.63M | 172.98M | 81.76M | 74.19M | 64.24M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 12.92M | 3.92M | 1.97M | 7.17M | 14.9M | 72.8M | 15.34M | 1.58M | 602K | 2.69M | 518K | 625K | 732K | 0 | 0 | 0 |
| Other Non-Current Liabilities | 167.32M | 200.05M | 16.02M | 7.7M | 6.09M | 2.27M | 0 | 0 | 0 | 0 | 0 | 75K | 0 | 0 | 88K | 72K |
| Total Liabilities | 3.59B | 2.98B | 1.99B | 1.86B | 2.02B | 1.91B | 1.61B | 891.92M | 692.49M | 320.62M | 217.22M | 153.24M | 99.77M | 53.06M | 26.7M | 15.54M |
| Total Debt | 2.04B | 1.59B | 969.95M | 996.32M | 1.13B | 1.03B | 930.96M | 443.13M | 339M | 1.22M | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Debt | 1.78B | 1.28B | 309.01M | 386.7M | 885.75M | 582.58M | 762.11M | 175.02M | 7.94M | -84.01M | -93.06M | -39.23M | -40.2M | -101.26M | -7.51M | -10.37M |
| Debt / Equity | -1.17x | - | - | - | - | 7.10x | 3.24x | 2.13x | 2.23x | 0.11x | - | - | - | - | - | - |
| Debt / EBITDA | -13.70x | 47.78x | 7.39x | 482.25x | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -11.93x | 38.40x | 2.35x | 187.17x | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -10.92x | 1.20x | 40.14x | 8.72x | -77.87x | -7.87x | -4.00x | -2.99x | -2.32x | -177.26x | -193.76x | -289.49x | -492.42x | -102.62x | -517.00x | -134.10x |
| Total Equity | -1.74B | -366M | -78.79M | -54.48M | -263.24M | 145.72M | 287.19M | 207.75M | 152.26M | 11.32M | -2.24M | -3.81M | 18.65M | 62.3M | -10.57M | 3.09M |
| Equity Growth % | -1744.75% | -364.55% | -44.6% | 79.3% | -280.66% | -49.26% | 38.24% | 36.44% | 1245.1% | 606.03% | 41.21% | -120.4% | -70.06% | 689.31% | -442.55% | - |
| Book Value per Share | -40.52 | -6.34 | -1.31 | -0.93 | -4.54 | 2.56 | 5.28 | 4.11 | 3.17 | 0.25 | -0.05 | -0.10 | 0.49 | 2.01 | -0.35 | 0.10 |
| Total Shareholders' Equity | -1.74B | -366M | -78.79M | -54.48M | -263.24M | 145.72M | 287.19M | 207.75M | 152.26M | 11.32M | -2.24M | -3.81M | 18.65M | 62.3M | -10.57M | 3.09M |
| Common Stock | 63K | 104K | 107K | 110K | 108K | 111K | 107K | 94K | 88K | 74K | 64K | 64K | 63K | 60K | 18K | 17K |
| Retained Earnings | -984.72M | -850.9M | -901.54M | -1.04B | -1.07B | -648.14M | -584.46M | -404.79M | -318.37M | -299.58M | -243.57M | -196.41M | -145.08M | -88.51M | -59.79M | -44.82M |
| Treasury Stock | -3.22B | -1.6B | -1.03B | -558.88M | -431.86M | -200M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 10.66M | 17.54M | 7.24M | 4.19M | -33.45M | -1.06M | 9.41M | 1.36M | -1.69M | -286K | -389K | -248K | -2.95M | -263K | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Quick answers to the most common questions about buying WIX stock.
As of 2025, Wix.com Ltd. (WIX) had total assets of $2.61B including $1.32B in current assets.
Wix.com Ltd. (WIX) carries total debt of $1.59B, offset by $1.18B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Wix.com Ltd. (WIX) has total shareholders' equity (book value) of $-366.0M ($-6.34 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Wix.com Ltd. (WIX) reported a current ratio of 1.19x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.
Key Metrics
Top Statement Risk
Negative equity and rising debt
Balance Sheet Deterioration Accelerates
WIX's equity swung from -$78.8M in 2024Q4 to -$1.7B in 2026Q2, while total debt doubled to $2.0B, indicating a rapidly weakening balance sheet, per reported figures.
The equity deficit expanded by over $1.6B in six quarters, driven by mounting retained losses and aggressive share repurchases. Total liabilities now exceed assets by $1.8B, suggesting the company is increasingly reliant on external financing. This trajectory implies a structural shift from a growth-oriented balance sheet to one constrained by cumulative losses and debt accumulation.
Leverage Surges Amid Negative Equity
Total debt rose from $969.9M in 2024Q4 to $2.0B in 2026Q2, while equity turned deeply negative, making traditional D/E incalculable, as per financial statements.
The doubling of debt to $2.0B against a negative equity base of -$1.7B suggests leverage is now a necessity rather than a strategic choice. With cash at $262.8M, the company holds only 13% of its debt in liquid assets, implying potential refinancing risk. Investors should monitor whether operating cash flow can service this debt, especially as interest expenses likely rise.
Asset Mix Shifts to Intangibles
Goodwill jumped from $49.3M in 2024Q4 to $135.0M in 2026Q2, while PPE declined from $553.1M to $421.9M, indicating a shift toward intangible-heavy assets, based on reported data.
The tripling of goodwill suggests recent acquisitions, but the decline in net PPE from $553.1M to $421.9M points to either divestitures or accelerated depreciation. This asset mix implies a more asset-light model, yet the growing goodwill balance raises impairment risk if acquisition synergies fail to materialize. The reduction in PPE may also signal reduced capital intensity, aligning with the low capex observed in cash flows.
Equity Eroded by Losses and Buybacks
Retained earnings fell from -$901.5M in 2024Q4 to -$984.7M in 2026Q2, while aggressive buybacks of $1.7B in 2026Q2 deepened the equity deficit, per reported figures.
The equity deficit expanded despite only a modest increase in accumulated losses, indicating that share repurchases are consuming capital that could otherwise bolster the balance sheet. The $1.7B buyback in 2026Q2, as highlighted in cash flow analysis, appears to be a primary driver of the negative equity. This suggests management is prioritizing shareholder returns over balance sheet strength, which may increase financial risk.
Liquidity Cushion Thins Rapidly
Current ratio fell from 1.71 in 2026Q1 to 0.61 in 2026Q2, while cash dropped from $1.3B to $262.8M, indicating a severe liquidity squeeze, as per quarterly data.
The current ratio below 1.0 implies that current liabilities exceed current assets, a classic sign of liquidity stress. Cash plummeted by over $1B in a single quarter, likely due to debt repayment and buybacks, leaving a thin buffer against operational shocks. This deterioration suggests that WIX may face difficulty meeting short-term obligations without additional financing or asset sales.
Deferred Revenue Masks Cash Strain
Deferred revenue surged from $119.7M in 2024Q4 to $911.6M in 2026Q2, a 660% increase, which may overstate liquidity and understate true cash needs, per reported figures.
The massive jump in deferred revenue, while positive for future revenue recognition, represents an obligation to deliver services, not free cash. This liability, now nearly $1B, could pressure cash flows if customers churn or refunds increase. The reported cash position of $262.8M may appear adequate, but when adjusted for deferred revenue obligations and debt, the net liquidity position is far weaker, warranting closer scrutiny.