0001628280-26-015222
SEC filingMD&A discusses major shareholders, related party transactions, and the Dazl Technologies investment; no financial performance metrics are disclosed.
No Business section content was provided for analysis. The submitted document excerpt contains only the Risk Factors section (Item 3.D) of the 20-F filing, which does not include the required Business description (Item 1). Therefore, no facts about the company's identity, segments, products, or strategy can be extracted.
Not disclosed in the provided content.
Not disclosed in the provided content.
Not disclosed in the provided content.
Not disclosed in the provided content.
Not disclosed in the provided content.
Not disclosed in the provided content.
The MD&A section provided does not contain any discussion of current or prior period financial performance, such as revenue, margins, or earnings per share. The content is limited to Item 7, which covers major shareholders and related party transactions. No comparative financial data or trend analysis is available within the extracted text.
No segment-level revenue, operating income, or margin data is disclosed in this MD&A portion. The document does not address segment momentum or revenue mix.
No guidance, management outlook, or strategic priorities are presented in this section. The text is confined to shareholder ownership tables, beneficial ownership notes, descriptions of related party transactions (including the formation of Dazl Technologies Ltd. in September 2025), and standard provisions regarding director agreements and equity awards.
As of December 31, 2025, Wix held $311.4M in cash and cash equivalents, $385.3M in short-term deposits, $5.5M in restricted cash, and $958.1M in marketable securities (short- and long-term). Total liquidity (cash, deposits, restricted cash, and marketable securities) was approximately $1.66B. The company had no short-term borrowings; total debt consisted of $1.13B in long-term convertible notes (net of issuance costs), reflecting the issuance of $1.15B of 0.00% Convertible Senior Notes due 2030 and the repayment of $575M of the 2025 notes. Shareholders' deficiency was -$366.0M, driven by $1.60B in treasury shares and an $850.9M accumulated deficit, partially offset by $2.07B in additional paid-in capital.
The Notes section did not disclose any material purchase commitments, supply agreements, or long-term contractual obligations beyond operating leases and the convertible notes. Deferred revenue (a key non-cash liability) totaled $854.3M, up from $750.4M at year-end 2024, reflecting growth in advance payments from subscribers. Operating lease liabilities were $460.8M (current and long-term), with corresponding right-of-use assets of $398.3M.
Wix repurchased 3,543,902 ordinary shares for $575.0M during 2025 under its board-authorized programs. As of December 31, 2025, $225.0M remained available under the then-current program. In January 2026, the board authorized a new two-year repurchase program of up to $2.0B (inclusive of unused prior amounts). The company paid no dividends. Debt activity included the issuance of $1.15B in 0.00% convertible notes due 2030 (net proceeds used partly to repurchase $575M of the 2025 notes and to fund $71.9M in capped call transactions). Capital expenditures were $8.6M (0.43% of revenue), with an additional $1.3M in capitalized internal-use software.
The Notes provide revenue disaggregation by two segments: Creative Subscriptions ($1.41B, +11.4% YoY) and Business Solutions ($583.3M, +17.7% YoY). Operating income or margin is not disclosed at the segment level. The Notes also disaggregate revenue by customer category: Partners ($750.3M) and Self-Creators ($1.24B). Geographic revenue breakdown is not provided in the Notes section (referenced to Note 17, which is not included in the extracted text).