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ContextLogic Inc.

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ContextLogic Inc. • NASDAQ
$7.60 ▲ 0.40% (+0.03)
Market Cap $202.78 M
52w High $9.34
52w Low $6.15
Dividend Yield 0%
P/E -12.06
Volume 5.96K
Outstanding Shares 26.68M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 $3M ▼ $-2M ▲ 0% $-0.07 ▲ $-1M ▲
Q2-2025 $0 $7M ▲ $-6M ▼ 0% $-0.23 ▲ $-5M ▲
Q1-2025 $0 $6M ▲ $-4M ▼ 0% $-0.27 ▼ $-6M ▼
Q4-2024 $0 $4M ▲ $-2M ▼ 0% $-0.076 ▼ $-4M ▼
Q3-2024 $0 $3M $-1M 0% $-0.038 $-3M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $218M ▼ $218M ▼ $77M ▲ $141M ▼
Q2-2025 $219M ▼ $221M ▼ $3M $142M ▼
Q1-2025 $222M ▲ $223M ▲ $3M ▼ $145M ▼
Q4-2024 $149M ▼ $156M ▼ $5M $151M ▼
Q3-2024 $150M $158M $5M $153M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-2M ▲ $1M ▲ $153M ▲ $-72M ▼ $74M ▲ $1M ▲
Q2-2025 $-9M ▼ $-10M ▼ $-107M ▼ $72M $-45M ▼ $-10M ▼
Q1-2025 $-4M ▼ $-5M ▼ $-75M ▼ $72M ▲ $-8M ▼ $-5M ▼
Q4-2024 $-2M ▼ $-2M $35M ▲ $0 $33M ▲ $-2M
Q3-2024 $-1M $-2M $-68M $0 $-70M $-2M

Five-Year Company Overview

Income Statement

Income Statement The income statement shows a company that has dramatically shrunk its operating business over the last few years. Sales have fallen from meaningful e‑commerce scale to a very small base, reflecting the exit from the Wish platform rather than normal business volatility. Even on this reduced scale, the company continues to post operating and net losses each year. The losses are smaller in absolute terms than before, but that is mainly because the business itself is now much smaller. Today’s income statement looks more like that of a company in wind‑down or transition than a stable retailer, and it does not yet reflect any new acquisition‑driven strategy.

Balance Sheet

Balance Sheet The balance sheet has steadily slimmed down. Total assets and cash have declined year after year, as cash has been used to fund operating losses and the company has sold its main operating asset. On the positive side, debt is very low, so the capital structure is not burdened by heavy borrowing. Equity remains positive, but it has eroded as losses have accumulated. Overall, this is now a much smaller, mostly cash-based company with limited obligations but also far fewer resources than it once had.

Cash Flow

Cash Flow Cash flow from operations has been consistently negative, indicating the core business has been a cash drain rather than a cash generator for several years. The size of the cash burn has come down more recently, largely because operations have been scaled back so significantly. There is essentially no capital spending, so free cash flow closely tracks operating cash flow and remains negative. The company’s ability to sustain itself over time hinges on how carefully it manages its remaining cash and whether it can complete value‑adding transactions under its new strategy.

Competitive Edge

Competitive Edge As an operating e‑commerce business, ContextLogic (through Wish) once depended on a large user base, low prices, and data-driven personalization to stand out. That position proved fragile in the face of quality issues, long shipping times, and intense competition from other low-cost platforms. With the sale of Wish, the company no longer has that consumer-facing competitive moat. Instead, its main “asset” is now its public listing and sizable tax loss carryforwards. Its future competitive position will depend almost entirely on management’s ability to source and negotiate attractive acquisitions in a crowded market for deals, rather than on traditional retail strengths like brand, traffic, or logistics.

Innovation and R&D

Innovation and R&D Most of the historical innovation was tied to the Wish platform: mobile-first design, algorithmic personalization, and a gamified, discovery-based shopping experience. Those capabilities were central to the old business but are now largely gone with the sale of Wish. Going forward, the company is unlikely to be an R&D-heavy technology player. Instead, its innovation will be financial and strategic—designing acquisition structures that can efficiently use its tax assets and partnership network. That shifts the emphasis from product and technology development to deal-making skill, due diligence, and capital allocation, with relatively little need for traditional research spending.

Summary

ContextLogic is in the middle of a fundamental reset. Historically it was a loss-making but sizable e‑commerce platform; today it is a much smaller holding company with shrinking revenues, ongoing but reduced losses, and a balance sheet dominated by cash rather than operating assets. The sale of Wish removed both the main source of revenue and the main engine of product innovation, leaving the company reliant on its tax attributes, public-company status, and management’s acquisition capabilities. The key uncertainty is execution: the financial statements currently reflect a business that is winding down, not yet one that has successfully redeployed its capital and tax assets into new, profitable operations.

NEWS

October 28, 2025 · 4:10 PM UTC

ContextLogic Holdings Inc. Reports Third-Quarter 2025 Financial Results

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October 23, 2025 · 8:00 AM UTC

ContextLogic to Announce Third Quarter 2025 Results on October 28, 2025

Read more