ContextLogic Inc.
ir.contextlogicinc.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q1 FY2025 10-Q, filed May 9, 2025. Its latest SEC filing is a PRE 14A from Apr 14, 2026.
10-Q for Q1 FY2025, filed May 9, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Holds cash and marketable securities, earns interest, and evaluates strategic alternatives after selling the Wish marketplace and logistics operations.
10-K for FY2024, filed Mar 12, 2025
How Did They Make Money?
Since the sale, its primary income is interest earned on cash and marketable securities. Before the sale, it earned commissions on user purchases, fees based on product impressions or clicks, and logistics charges that merchants prepaid per order.
10-K for FY2024, filed Mar 12, 2025Since the Asset Sale was consummated and as we pursue strategic opportunities, our primary source of income is interest earned on our…View ↗
Marketplace revenue includes commission fees collected in connection with user purchases of the merchants’ products. The commission fees…View ↗
Our logistics offering for merchants is designed for direct end-to-end single order shipment from a merchant’s location to the user.…View ↗
$43M
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10-K for FY2024, filed Mar 12, 2025
$43M ↗
Who Were Their Customers?
Before the Asset Sale, merchants used Wish’s marketplace and merchant services, while consumers bought merchants’ products on the platform; ContextLogic has since exited those operations.
10-K for FY2024, filed Mar 12, 2025OverviewView ↗
Following the completion of the Asset Sale, we have exited the operation of our marketplace and logistics business and other historical…View ↗
We provide a mix of marketplace services to our customers. We provide merchants access to our marketplace where merchants display and sell…View ↗
How Were They Changing?
- Net income
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Sources
10-Q for Q1 FY2025, filed May 9, 2025
−$4MView ↗
- ▼ −93% (Loss)
- vs −$59M in Q1 FY2024
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Aug 7, 2025
Completed a reorganization under a new public parent
ContextLogic became a wholly owned subsidiary of Holdings, which replaced it as the publicly held company.
Sources
8-K, filed Aug 7, 2025
On August 6, 2025, ContextLogic, Inc., a Delaware corporation (the ‘Company” or “ContextLogic”) completed its previously announced…View ↗
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Jun 25, 2025
A new CFO replaced the departing CFO
Brett Just resigned effective June 30, 2025, and Michael Scarola was appointed CFO effective that date.
Sources
8-K, filed Jun 25, 2025
On June 24, 2025, Brett Just, Chief Financial Officer of ContextLogic Inc. (the “Company”), provided notice of his intention to resign from…View ↗
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May 30, 2025
Announced plans to delist from Nasdaq
The company said its stock would begin trading on OTC Markets and planned to file a delisting notice.
Sources
8-K, filed May 30, 2025
On May 30, 2025, ContextLogic Inc. (the “Company”), notified The Nasdaq Stock Market LLC (“Nasdaq”) of its intention to voluntarily delist…View ↗
Shrank. Revenue fell 98% in 4 years, from $2.5B in FY2020 to $43M in FY2024, about 64% a year.
From marketplace to asset strategy
The earlier report describes a Wish marketplace connecting consumers and merchants; the latest says ContextLogic sold substantially all its operating assets, exited marketplace and logistics operations, and is evaluating strategic alternatives.
10-K for FY2021, filed Mar 14, 2022 10-K for FY2024, filed Mar 12, 2025We launched Wish with a simple mission—to bring an affordable and entertaining mobile shopping experience to billions of consumers around…View ↗
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