Warby Parker Inc Financials

WRBY

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Warby Parker Inc (WRBY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Key Financial Metrics

Revenue

$771.3M

YoY+15.2%

5Y CAGR+15.8%

Warby Parker Inc generated $771.3M in revenue in fiscal year 2024. This represents an increase of 15.2% from the prior year.

EBITDA

$15.8M

YoY+147.1%

5Y CAGR+4.2%

Warby Parker Inc's EBITDA was $15.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 147.1% from the prior year.

Free Cash Flow

$34.7M

YoY+374.2%

Warby Parker Inc generated $34.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 374.2% from the prior year.

Net Income

-$20.4M

YoY+67.7%

Warby Parker Inc reported -$20.4M in net income in fiscal year 2024. This represents an increase of 67.7% from the prior year.

EPS (Diluted)

$-0.17

YoY+68.5%

Warby Parker Inc earned $-0.17 per diluted share (EPS) in fiscal year 2024. This represents an increase of 68.5% from the prior year.

Cash & Debt

$254.2M

YoY+17.2%

Warby Parker Inc held $254.2M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

55.3%

YoY+0.8pp

5Y CAGR-4.9pp

Warby Parker Inc's gross margin was 55.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.8 percentage points from the prior year.

Operating Margin

-3.9%

YoY+6.9pp

5Y CAGR-3.5pp

Warby Parker Inc's operating margin was -3.9% in fiscal year 2024, reflecting core business profitability. This is up 6.9 percentage points from the prior year.

Net Margin

-2.6%

YoY+6.8pp

5Y CAGR-2.6pp

Warby Parker Inc's net profit margin was -2.6% in fiscal year 2024, showing the share of revenue converted to profit. This is up 6.8 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$64.0M

YoY+19.3%

5Y CAGR+14.4%

Warby Parker Inc invested $64.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 19.3% from the prior year.

WRBY Income Statement

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Revenue	$771.3M+15.2%	$669.8M+12.0%	$598.1M+10.6%	$540.8M+37.4%	$393.7M+6.3%	$370.5M
Cost of Revenue	$344.5M+13.1%	$304.5M+18.5%	$257.1M+15.2%	$223.0M+37.9%	$161.8M+9.8%	$147.4M
Gross Profit	$426.8M+16.9%	$365.2M+7.1%	$341.1M+7.3%	$317.7M+37.0%	$231.9M+4.0%	$223.1M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$456.9M+4.5%	$437.2M-3.3%	$452.3M-2.0%	$461.4M+60.5%	$287.6M+27.9%	$224.8M
Operating Income	-$30.1M+58.2%	-$72.0M+35.3%	-$111.2M+22.6%	-$143.7M-158.2%	-$55.6M-3245.3%	-$1.7M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$875K+102.1%	$433K-12.9%	$497K+89.0%	$263K+38.4%	$190K-31.2%	$276K
Net Income	-$20.4M+67.7%	-$63.2M+42.8%	-$110.4M+23.5%	-$144.3M-158.0%	-$55.9M	$0
EPS (Diluted)	$-0.17+68.5%	$-0.54+43.7%	$-0.96+56.6%	$-2.21-110.5%	$-1.05+4.5%	$-1.10

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$221.7M+3.4%	$214.5M-4.2%	$223.8M+17.4%	$190.6M-0.9%	$192.4M+2.2%	$188.2M-5.9%	$200.0M+23.6%	$161.9M
Cost of Revenue	$101.7M+0.9%	$100.9M+3.1%	$97.8M+11.8%	$87.5M-0.1%	$87.6M+5.7%	$82.8M-4.3%	$86.5M+15.7%	$74.8M
Gross Profit	$119.9M+5.6%	$113.6M-9.8%	$126.0M+22.2%	$103.1M-1.7%	$104.9M-0.5%	$105.4M-7.1%	$113.5M+30.3%	$87.1M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$116.4M-1.5%	$118.1M-4.4%	$123.5M+9.7%	$112.5M+1.0%	$111.5M-2.5%	$114.3M-3.6%	$118.6M+9.2%	$108.6M
Operating Income	$3.6M+178.9%	-$4.5M-283.1%	$2.5M+126.2%	-$9.4M-42.4%	-$6.6M+26.2%	-$9.0M-74.7%	-$5.1M+76.2%	-$21.6M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$125K+84.2%	-$789K-154.3%	$1.5M+1463.4%	$93K-69.1%	$301K-19.3%	$373K+245.4%	$108K+202.9%	-$105K
Net Income	$5.9M+435.3%	-$1.8M-150.5%	$3.5M+150.5%	-$6.9M-68.9%	-$4.1M+39.8%	-$6.8M-152.4%	-$2.7M+85.9%	-$19.0M
EPS (Diluted)	$0.05+600.0%	$-0.01-133.3%	$0.03+150.0%	$-0.06-100.0%	$-0.03+50.0%	$-0.06-200.0%	$-0.02+87.5%	$-0.16

WRBY Balance Sheet

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Total Assets	$676.5M+16.6%	$580.3M+2.0%	$568.7M+29.1%	$440.6M-0.9%	$444.8M	N/A
Current Assets	$326.0M+9.2%	$298.6M+1.4%	$294.6M-10.2%	$328.0M-8.9%	$359.9M	N/A
Cash & Equivalents	$254.2M+17.2%	$216.9M+4.0%	$208.6M-18.7%	$256.4M-18.4%	$314.1M	N/A
Inventory	$52.3M-15.9%	$62.2M-9.6%	$68.8M+20.6%	$57.1M+48.4%	$38.5M	N/A
Accounts Receivable	$1.9M+9.5%	$1.8M+24.0%	$1.4M+44.7%	$992K+65.1%	$601K	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$336.4M+20.8%	$278.5M-1.3%	$282.1M+82.4%	$154.6M-75.9%	$642.8M	N/A
Current Liabilities	$130.4M+2.6%	$127.1M-1.9%	$129.6M+9.7%	$118.1M+12.1%	$105.3M	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$340.1M+12.7%	$301.8M+5.3%	$286.6M+0.2%	$286.0M+244.4%	-$198.1M-4.6%	-$189.5M
Retained Earnings	-$687.2M-3.1%	-$666.8M-10.5%	-$603.6M-22.4%	-$493.2M-51.6%	-$325.4M	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$706.9M+0.7%	$701.9M+2.8%	$682.8M+0.9%	$676.5M+6.0%	$638.0M+3.2%	$618.2M+4.3%	$592.9M+2.2%	$580.3M
Current Assets	$344.1M-0.6%	$346.1M+4.7%	$330.6M+1.4%	$326.0M+1.5%	$321.2M+4.1%	$308.6M+4.2%	$296.1M-0.8%	$298.6M
Cash & Equivalents	$280.4M-2.1%	$286.4M+8.0%	$265.1M+4.3%	$254.2M+1.2%	$251.0M+5.5%	$238.0M+8.0%	$220.4M+1.6%	$216.9M
Inventory	$45.6M+5.4%	$43.3M-11.0%	$48.6M-7.1%	$52.3M-0.8%	$52.8M-1.1%	$53.3M-5.5%	$56.5M-9.3%	$62.2M
Accounts Receivable	$1.1M+0.4%	$1.1M-22.7%	$1.5M-24.4%	$1.9M+78.1%	$1.1M-9.5%	$1.2M+3.6%	$1.2M-34.4%	$1.8M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$337.3M-0.9%	$340.4M+3.6%	$328.7M-2.3%	$336.4M+11.7%	$301.2M+4.3%	$288.8M+4.4%	$276.7M-0.7%	$278.5M
Current Liabilities	$132.1M-2.6%	$135.5M+10.5%	$122.6M-5.9%	$130.4M+0.2%	$130.1M+7.5%	$121.0M+2.1%	$118.5M-6.7%	$127.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$369.6M+2.3%	$361.5M+2.1%	$354.1M+4.1%	$340.1M+1.0%	$336.8M+2.2%	$329.4M+4.2%	$316.2M+4.8%	$301.8M
Retained Earnings	-$679.6M+0.9%	-$685.5M-0.3%	-$683.7M+0.5%	-$687.2M-1.0%	-$680.3M-0.6%	-$676.3M-1.0%	-$669.5M-0.4%	-$666.8M

WRBY Cash Flow Statement

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Operating Cash Flow	$98.7M+61.9%	$61.0M+488.1%	$10.4M+132.4%	-$32.0M-197.7%	$32.8M+53.1%	$21.4M
Capital Expenditures	$64.0M+19.3%	$53.7M-10.8%	$60.2M+24.1%	$48.5M+141.7%	$20.1M-38.5%	$32.6M
Free Cash Flow	$34.7M+374.2%	$7.3M+114.7%	-$49.8M+38.1%	-$80.5M-734.5%	$12.7M+212.9%	-$11.2M
Investing Cash Flow	-$66.0M-20.8%	-$54.7M+9.2%	-$60.2M-24.1%	-$48.5M-141.7%	-$20.1M+38.5%	-$32.6M
Financing Cash Flow	$5.0M+72.8%	$2.9M-12.8%	$3.3M-85.7%	$23.0M-90.6%	$245.9M+395.0%	-$83.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$0	$0-100.0%	$8.1M	$0-100.0%	$79.5M

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	N/A	N/A	$29.4M	N/A	N/A	N/A	$19.9M	N/A
Capital Expenditures	N/A	N/A	$16.2M	N/A	N/A	N/A	$14.4M	N/A
Free Cash Flow	N/A	N/A	$13.2M	N/A	N/A	N/A	$5.5M	N/A
Investing Cash Flow	N/A	N/A	-$16.2M	N/A	N/A	N/A	-$16.4M	N/A
Financing Cash Flow	N/A	N/A	-$2.3M	N/A	N/A	N/A	$91K	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

WRBY Financial Ratios

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Gross Margin	55.3%+0.8pp	54.5%-2.5pp	57.0%-1.7pp	58.8%-0.1pp	58.9%-1.3pp	60.2%
Operating Margin	-3.9%+6.9pp	-10.8%+7.8pp	-18.6%+8.0pp	-26.6%-12.4pp	-14.1%-13.7pp	-0.4%
Net Margin	-2.6%+6.8pp	-9.4%+9.0pp	-18.5%+8.2pp	-26.7%-12.5pp	-14.2%-14.2pp	0.0%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-3.0%+7.9pp	-10.9%+8.5pp	-19.4%+13.3pp	-32.7%-20.2pp	-12.6%	N/A
Current Ratio	2.50+0.2	2.35+0.1	2.27-0.5	2.78-0.6	3.42	N/A
Debt-to-Equity	0.99+0.1	0.92-0.1	0.98+0.4	0.54+3.8	-3.25	N/A
FCF Margin	4.5%+3.4pp	1.1%+9.4pp	-8.3%+6.6pp	-14.9%-18.1pp	3.2%+6.3pp	-3.0%

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	54.1%+1.1pp	53.0%-3.3pp	56.3%+2.2pp	54.1%-0.4pp	54.5%-1.5pp	56.0%-0.7pp	56.7%+2.9pp	53.8%
Operating Margin	1.6%+3.7pp	-2.1%-3.2pp	1.1%+6.0pp	-4.9%-1.5pp	-3.4%+1.3pp	-4.8%-2.2pp	-2.6%+10.8pp	-13.3%
Net Margin	2.6%+3.5pp	-0.8%-2.4pp	1.6%+5.2pp	-3.6%-1.5pp	-2.1%+1.5pp	-3.6%-2.3pp	-1.3%+10.4pp	-11.8%
Return on Equity	1.6%	N/A	1.0%	N/A	N/A	N/A	N/A	N/A
Return on Assets	0.8%+1.1pp	-0.3%-0.8pp	0.5%+1.5pp	-1.0%-0.4pp	-0.6%+0.4pp	-1.1%-0.6pp	-0.4%+2.8pp	-3.3%
Current Ratio	2.61+0.1	2.55-0.1	2.70+0.2	2.50+0.0	2.47-0.1	2.55+0.1	2.50+0.1	2.35
Debt-to-Equity	0.91-0.0	0.94+0.0	0.93-0.1	0.99+0.1	0.89+0.0	0.880.0	0.88-0.0	0.92
FCF Margin	N/A	N/A	5.9%	N/A	N/A	N/A	2.7%	N/A

Financial Health Signals

Financial Profile 50/100

Profitability

Growth

Leverage

Liquidity

Cash Flow

Returns

N/A

Based on FY2024 annual data. Scores normalized against common benchmarks.

Piotroski F-Score Neutral

5/9

Financial strength trend (9 signals). 7-9 = strong, 0-3 = weak.

Earnings Quality Mixed

-4.84x

Operating cash flow vs net income. Above 1.0x = cash-backed earnings.

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Frequently Asked Questions

What is Warby Parker Inc's annual revenue?

Warby Parker Inc (WRBY) reported $771.3M in total revenue for fiscal year 2024. This represents a 15.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Warby Parker Inc's revenue growing?

Warby Parker Inc (WRBY) revenue grew by 15.2% year-over-year, from $669.8M to $771.3M in fiscal year 2024.

Is Warby Parker Inc profitable?

No, Warby Parker Inc (WRBY) reported a net income of -$20.4M in fiscal year 2024, with a net profit margin of -2.6%.

What is Warby Parker Inc's earnings per share (EPS)?

Warby Parker Inc (WRBY) reported diluted earnings per share of $-0.17 for fiscal year 2024. This represents a 68.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Warby Parker Inc's EBITDA?

Warby Parker Inc (WRBY) had EBITDA of $15.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Warby Parker Inc's gross margin?

Warby Parker Inc (WRBY) had a gross margin of 55.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Warby Parker Inc's operating margin?

Warby Parker Inc (WRBY) had an operating margin of -3.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Warby Parker Inc's net profit margin?

Warby Parker Inc (WRBY) had a net profit margin of -2.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Warby Parker Inc's free cash flow?

Warby Parker Inc (WRBY) generated $34.7M in free cash flow during fiscal year 2024. This represents a 374.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Warby Parker Inc's operating cash flow?

Warby Parker Inc (WRBY) generated $98.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Warby Parker Inc's total assets?

Warby Parker Inc (WRBY) had $676.5M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Warby Parker Inc's capital expenditures?

Warby Parker Inc (WRBY) invested $64.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

What is Warby Parker Inc's current ratio?

Warby Parker Inc (WRBY) had a current ratio of 2.50 as of fiscal year 2024, which is generally considered healthy.

What is Warby Parker Inc's debt-to-equity ratio?

Warby Parker Inc (WRBY) had a debt-to-equity ratio of 0.99 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Warby Parker Inc's return on assets (ROA)?

Warby Parker Inc (WRBY) had a return on assets of -3.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Warby Parker Inc's Piotroski F-Score?

Warby Parker Inc (WRBY) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals.

Are Warby Parker Inc's earnings high quality?

Warby Parker Inc (WRBY) has an earnings quality ratio of -4.84x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation.

How financially healthy is Warby Parker Inc?

Warby Parker Inc (WRBY) scores 50 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks.