Forensic Analysis · Technology / Software · as of Jun 27, 2026
Wix.com Ltd. (WIX)
A forensic read on Wix.com Ltd. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Distress
Financial health
-0.7
Altman Z-score
Clean
Earnings quality
4
Forensic signals
-55.4%
ROE
$2.3B
Market cap
Wix.com Ltd. earns a C (Mixed — selective) forensic quality grade, and its Altman Z-score is -0.7, placing it in the Distress zone. 4 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
0%Return on invested capital.Return on invested capital is 0% and rising from -31% — well below its ~10% cost of capital, so reinvested dollars may be destroying value, not building it.
12% of revStock-based comp load.Stock-based compensation ran 12% of revenue and 41% of free cash flow in FY2025 — about $4.11 per diluted share. Heavy — a large slice of 'free cash flow' is really being paid out in stock, so the true owner cash per share is well below the headline.
-0.2%/yrShare-count dilution.Diluted share count changed -0% over the last 3 years to FY2025 (-0.2%/yr). Roughly flat — buybacks are about offsetting stock comp, not shrinking the count. Per-share value isn't being meaningfully helped or hurt by the count.
99% of FCFShareholder returns.Returned $575M to shareholders (buybacks + dividends) in FY2025 — 99% of free cash flow. Right at the limit of what free cash flow covers — little room before it's funded by debt or the balance sheet.
Key fundamentals
Net Margin2.5%
Free Cash Flow$564.5M
Latest Revenue$1.99B
Revenue Growth YoY+13.2%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Wix.com Ltd.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about WIX's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown