Is Squarespace profitable in 2026?

Squarespace's last public financial disclosure showed $1.01 billion revenue for fiscal 2023, before going private. Since Permira completed its $7.2 billion take-private acquisition on October 17, 2024, the company no longer publishes profit figures, so current profitability cannot be verified from public data.

Who owns Squarespace now?

Permira completed an all-cash $7.2 billion acquisition of Squarespace on October 17, 2024, delisting it from the NYSE. Founder and CEO Anthony Casalena rolled over a substantial majority of his equity and remains CEO and Board Chairman; Accel and General Atlantic stayed on as investors.

Is Squarespace losing ground to Wix?

Squarespace holds roughly 16% US e-commerce platform share versus Wix's ~23%, per market share estimates. A May 2026 comparison review found Wix's Harmony AI builds a published store in about 22 minutes versus 35 to 40 minutes for Squarespace.

Could AI replace Squarespace's core product?

Squarespace's AI Terms, effective June 25, 2026, confirm it relies on external AI Software Service Providers rather than proprietary foundation models, exposing its 'build a beautiful site' pitch to commoditization by AI-native builders, even though its own Blueprint AI was named a TIME Best Invention of 2025.

What is the Squarespace Delaware lawsuit about?

An unsealed Delaware lawsuit, reported March 24, 2026, alleges CEO Anthony Casalena worked with investment firms to depress the sale price in the $7.2 billion Permira take-private deal completed in October 2024. The hedge-fund challenge to the buyout remains unresolved.

Who is Squarespace's biggest competitor?

Shopify dominates e-commerce depth with roughly 26-30% US platform share and over 5.6 million active stores, while Wix contests the DIY website-builder space directly, holding about 23% US e-commerce share and shipping AI features faster as of 2026.

Telecom operators · subsidiary of Permira · United States

Squarespace

squarespace.com ↗

Website builder, hosting, and domain registrar now owned by Permira, not public.

Protection under test

Assessed 24 July 2026 · Evidence as of 24 July 2026

Something worth protecting exists and is being tested right now.

On the recordSince 24 July 2026 · Checkable from 2026 · Every call on the record Checkpoint: Delaware court ruling or settlement in the hedge-fund lawsuit over the take-private price

The call

Squarespace keeps its current customers through lock-in on domains, email, and payments, while the fight for new customers shifts toward Wix and AI tools that can build a site from a prompt.

Squarespace lets people build professional-looking websites without coding, and makes money by charging monthly fees. The company is profitable and has millions of locked-in customers who pay recurring fees, which is hard to destroy quickly. However, the core job, making a beautiful site, is becoming easier and cheaper thanks to AI tools like Wix's new Harmony AI feature and AI-native builders like Lovable and Bolt, and Squarespace doesn't own its own AI models, so it is less nimble than these rivals. The one thing that could change everything: if Squarespace's new owner cuts costs in ways that make the product visibly worse while competitors keep improving, new customers will choose alternatives instead, and growth will stall.

Why

AI pressure: AI-native site builders (Lovable, v0, Bolt) and general chatbots that can generate a site from a prompt. These tools let anyone generate a working site without picking a template, aiming at the same buyers Squarespace's ads target. Could AI do the core job? Only partly.

Bigger players: Wix. Wix's Harmony AI is live and Wix has overtaken Squarespace in total site count, competing hardest for new signups. Could a giant copy it? Yes, easily.

What protects it. Existing customers stay because their domain, email, payments, and site history all live inside Squarespace, making a switch costly.

What would change this call

Wix reports US e-commerce or site-count share gains in 2026 earnings calls. Would show Squarespace losing new-customer share to a same-industry peer.
Squarespace publicly discloses net-new subscriber growth or churn rate post-2024. Would reveal whether the funnel is actually breaking or holding.
Delaware lawsuit over the $7.2B take-private price settles or goes to trial. Would clarify legal and reputational fallout affecting Permira's ownership stability.

Key numbers

Revenue was about $1.01 billion (2023)
Permira bought the company for $7.2 billion, all cash (2024-10-17)
Manages more than 10 million domains (2023)

Named risks

Unresolved Delaware lawsuit alleging CEO colluded to depress $7.2B sale price, reported March 2026. Severity: high
Core AI relies on external LLM providers, exposing site-building pitch to commoditization. Severity: high
Private-equity cost-cutting under Permira could degrade product or trigger further outsourcing. Severity: medium
No public financial disclosure since going private, leaving revenue estimates conflicting and unverifiable. Severity: medium

Rivals, as read in July 2026

Rival	Direction	Evidence
Wix	contesting	Wix's Harmony AI builds a published store in ~22 min vs Squarespace's 35-40 min, May 2026 review
Shopify	losing to	Shopify holds ~26-30% US e-commerce share and 5.6M+ active stores vs Squarespace's ~16% share
WordPress/WooCommerce	losing to	WordPress holds ~62.7% global CMS market share, dwarfing Squarespace's footprint

Questions people ask

Is Squarespace profitable in 2026?: Squarespace's last public financial disclosure showed $1.01 billion revenue for fiscal 2023, before going private. Since Permira completed its $7.2 billion take-private acquisition on October 17, 2024, the company no longer publishes profit figures, so current profitability cannot be verified from public data.
Who owns Squarespace now?: Permira completed an all-cash $7.2 billion acquisition of Squarespace on October 17, 2024, delisting it from the NYSE. Founder and CEO Anthony Casalena rolled over a substantial majority of his equity and remains CEO and Board Chairman; Accel and General Atlantic stayed on as investors.
Is Squarespace losing ground to Wix?: Squarespace holds roughly 16% US e-commerce platform share versus Wix's ~23%, per market share estimates. A May 2026 comparison review found Wix's Harmony AI builds a published store in about 22 minutes versus 35 to 40 minutes for Squarespace.
Could AI replace Squarespace's core product?: Squarespace's AI Terms, effective June 25, 2026, confirm it relies on external AI Software Service Providers rather than proprietary foundation models, exposing its 'build a beautiful site' pitch to commoditization by AI-native builders, even though its own Blueprint AI was named a TIME Best Invention of 2025.
What is the Squarespace Delaware lawsuit about?: An unsealed Delaware lawsuit, reported March 24, 2026, alleges CEO Anthony Casalena worked with investment firms to depress the sale price in the $7.2 billion Permira take-private deal completed in October 2024. The hedge-fund challenge to the buyout remains unresolved.
Who is Squarespace's biggest competitor?: Shopify dominates e-commerce depth with roughly 26-30% US platform share and over 5.6 million active stores, while Wix contests the DIY website-builder space directly, holding about 23% US e-commerce share and shipping AI features faster as of 2026.

Timeline

2026-06-25AI Terms take effect confirming Squarespace uses external LLM providers, not in-house models
2026-03-24Delaware lawsuit unsealed alleging CEO Casalena colluded to depress $7.2B sale price
2026-02-04Glassdoor review describes unverified outsourcing replacement of Australian team
2025Blueprint AI website builder named one of TIME's Best Inventions of 2025
2024-10-17Permira completes $7.2 billion all-cash acquisition, Squarespace goes private
2024-06Squarespace divests Tock hospitality platform to American Express
2023Squarespace acquires Google Domains, surpassing 10 million domains under management
2021-05-19Squarespace begins trading on NYSE under ticker SQSP via direct listing
2021-03Squarespace raises $300 million at a $10 billion valuation ahead of listing
2004-01Anthony Casalena founds Squarespace as a University of Maryland student

Revision history

24 July 2026

First assessed. Protection under test. The text above is fixed as of this date and is not edited afterwards.

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