The company maintains a challenging financial position with negative equity of $102.4 million and an elevated total debt load of $1.6 billion as of 2026Q1.
| 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 | 2.16B | 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 | 2.02B | 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 | 1.34B | 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 | 681.68M | 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 | 48.23M | 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 | 8.85 | 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 | 84.65M | 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 | 825.66M | 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 | 504.25M | 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 | 4.02x | 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 | 164.81M | 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 | 0 | 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 | 493.54M | 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 | 56.18M | 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 | 2.98B | 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 | 0.81x | 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 % | 176.27% | 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 | 1.26B | 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 | 118.3M | 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 | 34.05 | 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 | 43.19M | 43.26M | 572.88M | 0 | 361.62M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 2.96B | 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 | 211.93M | 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 | 1.71x | 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 | 1.71x | 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 | -25.21 | - | -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 | 1.83B | 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 | 1.63B | 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 | 15.98M | 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 | 155.77M | 200.05M | 105.29M | 7.7M | 6.09M | 2.27M | 0 | 0 | 0 | 0 | 0 | 75K | 0 | 0 | 88K | 72K |
| Total Liabilities | 3.08B | 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 | 1.59B | 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 | 245.64M | 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 | -15.49x | - | - | - | - | 7.10x | 3.24x | 2.13x | 2.23x | 0.11x | - | - | - | - | - | - |
| Debt / EBITDA | -21.59x | 47.78x | 7.39x | 482.25x | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -3.34x | 38.40x | 2.35x | 187.17x | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -2.75x | 0.35x | 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 | -102.43M | -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 % | -301.63% | -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 | -1.82 | -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 | -102.43M | -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 | 118K | 104K | 107K | 110K | 108K | 111K | 107K | 94K | 88K | 74K | 64K | 64K | 63K | 60K | 18K | 17K |
| Retained Earnings | -908.36M | -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 | -1.6B | -1.6B | -1.03B | -558.88M | -431.86M | -200M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 3.06M | 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 |
Negative Equity and Leverage
As reported in recent financial statements, Wix's equity position has remained consistently negative over the last ten quarters, reaching -$102.4 million in 2026Q1, which suggests that historical losses and aggressive capital return programs continue to weigh heavily on the company's overall balance sheet trajectory.
The persistent negative equity position indicates that the company has historically prioritized growth and shareholder returns over the accumulation of retained earnings. Investors should monitor whether the recent shift toward operational efficiency can eventually reverse this trend and move the company toward a positive book value.
Based on the provided balance sheet data, Wix's total debt has increased from $996.3 million in 2023Q4 to $1.6 billion by 2026Q1, suggesting that the company is increasingly relying on external financing to fund its operations and capital allocation strategies in a competitive market environment.
The rise in debt levels warrants further investigation into the company's refinancing risk and interest coverage capacity. While the debt appears strategic for supporting growth initiatives, the lack of positive retained earnings makes the company's reliance on debt for liquidity potentially precarious.
According to recent SEC filings, Wix's current ratio has fluctuated significantly, dropping to 0.79 in 2025Q1 before recovering to 1.71 in 2026Q1, which highlights the company's sensitivity to the timing of subscription collections and the management of its short-term cash obligations.
The recent improvement in the current ratio suggests a temporary strengthening of the company's ability to meet short-term liabilities. However, the historical volatility in this metric implies that liquidity management remains a critical area for investors to monitor as the company navigates its operational pivot.
As indicated by the latest financial disclosures, deferred revenue has surged to $903.3 million in 2026Q1, which appears to be a strong forward indicator of future subscription-based cash inflows and suggests that the company's core business model retains significant recurring revenue durability.
This growth in deferred revenue is a positive sign for the company's revenue visibility, as it reflects the upfront collection of multi-year and annual subscription commitments. It provides a necessary buffer against the volatility observed in other areas of the balance sheet.
Based on reported figures, the company's negative equity position of -$102.4 million in 2026Q1 may mislead investors regarding its true solvency, as the balance sheet does not fully capture the intangible value of the company's proprietary platform and its established partner ecosystem.
While the headline negative equity is concerning, it is important to interpret this in the context of a software business that relies heavily on R&D and customer acquisition rather than physical assets. The underlying value of the business may be significantly higher than what is reflected in the accounting book value.
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.