v3.26.1

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 1,004	$ 1,476
Short-term investments	58	66
Accounts receivable, net	158	132
Inventories	78	71
Prepaid expenses and other current assets	270	256
Total current assets	1,568	2,001
Operating lease right-of-use assets	741	862
Property and equipment, net	502	516
Other non-current assets	59	61
Total assets	2,870	3,440
Current liabilities
Accounts payable	1,094	1,202
Other current liabilities	961	927
Total current liabilities	2,055	2,129
Long-term debt	2,931	3,233
Operating lease liabilities, net of current	704	835
Other non-current liabilities	22	25
Total liabilities	5,712	6,222
Commitments and contingencies (Note 5)
Stockholders' deficit:
Convertible preferred stock, $0.001 par value per share: 10,000,000 shares authorized and none issued at March 31, 2026 and December 31, 2025	0	0
Additional paid-in capital	2,114	2,073
Accumulated deficit	(4,928)	(4,823)
Accumulated other comprehensive loss	(28)	(32)
Total stockholders' deficit	(2,842)	(2,782)
Total liabilities and stockholders' deficit	2,870	3,440
Class A common stock
Stockholders' deficit:
Common stock	0	0
Class B common stock
Stockholders' deficit:
Common stock	$ 0	$ 0

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Wayfair Inc. 10-Q