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ContextLogic

LOGC
26
Specialty Retail · Consumer Cyclical
Price
$12.68
+0.73 (+6.11%)
Market Cap
$579.9M
Exchange
Other OTC
Winston Score
26
Winston is worried
Below-average fundamentals — multiple weak pillars.
Data as of Aug 27, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Weak
Growth
Good
Cash Flow
Weak
Stability
Mixed
Valuation
Data not available

Share count rising — dilution

+27.6% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 21.0M (2021) → 26.7M (2025)

Winston Score History

The full picture

ContextLogic is the company behind Wish, a discount online shopping platform that connects buyers with merchants selling low-cost products, mostly shipped from China. The app focuses on affordable items like clothing, electronics, and accessories, targeting budget-conscious shoppers looking for deals. Wish became known for its very low prices, though delivery times tend to be longer than major competitors.

The company makes money by charging merchants fees on each transaction, including commissions and logistics services. Wish operates globally but has its largest user base in North America and Europe. The platform faces intense competition from established players like Amazon, Temu, and Shein, and has struggled with declining active users and revenue in recent years. Note: ContextLogic sold its Wish marketplace business to Qoo10 in early 2024 and has been exploring strategic alternatives, making its future direction a key uncertainty for investors.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

YoY Growth Rate

Revenue data limited

EPS Growth

+39.1% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

Declining (-100% vs prior year)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

3.8%ownership

Relatively low insider ownership

Cash Runway

~3 years

$11M cash & investments

Quarterly Free Cash Flow

$11M cash & investments at current burn rate

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
37.2%
Modest — 37.2% gross margin
Profit after running costs
Operating Margin
-0.6%
Losing money on operations — -0.6%
Return on the money invested
ROCE
-3.5%
Weak — -3.5% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
+104.3%
Fast-growing sales (+104.3% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-46.4%
Burning cash (-46.4%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
0.73
Moderate — manageable debt (0.73)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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