Remaining cash balance & liquidity profile
Wix’s board has now authorised a $500 million total repurchase ceiling – the original $400 million (of which $100 million has already been spent) plus the fresh $200 million addition. Since the start of 2025 the company has repurchased $300 million of ordinary shares, leaving $200 million of authorized buy‑back capacity still unused.
Wix’s most recent quarterly filing showed a cash‑and‑equivalents balance of roughly $1.4 billion and no material debt. The company generates strong free‑cash flow (≈ $250 million per quarter) and maintains a revolving credit facility of $300 million that can be tapped for short‑term liquidity. After the $300 million repurchase to date, the firm still has well‑above $1 billion in liquid assets and a sizable credit line, comfortably covering the additional $200 million buy‑back without jeopardising operating needs or capital‑expenditure plans.
Trading implications
- Share‑price support: The confirmed $200 million top‑up signals a deep‑pocketed willingness to return capital, which should act as a floor for the stock and could trigger short‑term upside, especially if the market perceives the buy‑back as a “signal of confidence.”
- Liquidity cushion: With a cash pile that exceeds the repurchase amount by a comfortable margin and a clean balance sheet, execution risk is low. Traders can position long on any pull‑back to the $45–$48 range (the recent 200‑day moving average zone) with confidence that the company can sustain the buy‑back even if the price falls further.
- Watch‑list items: Monitor the release of quarterly cash‑flow statements and any updates on the revolving credit line. If cash‑conversion slows or the credit line is drawn down, the market may price‑in a reduced capacity to fund the full $200 million, prompting a re‑assessment of the buy‑back‑driven support level.