Wix.com Ltd. faces a securities class action following a 27% share-price decline after the company announced its Q1 2026 results. The complaint alleges Wix made misleading statements about the competitiveness and performance of its AI products, Base44 and Harmony, while understating the costs of developing and promoting them. Wix’s non-GAAP sales and marketing expenses reached $190.7 million, up 88% year over year, while its non-GAAP operating margin fell from 21% to 5% and quarterly operating expenses rose 46%. The case, Yappi v. Wix.com Ltd., et al., seeks to represent investors who acquired Wix securities from Feb. 19, 2025, through May 12, 2026. Hagens Berman is investigating the claims and lists Sept. 22, 2026, as the lead plaintiff deadline.