NYSE : WRBY
Warby Parker Inc. — Financial statements
Healthcare · Medical Instruments & Supplies · United States
Last price 24.59 USD (Oct 30, 2026, 9:39 AM EDT) · Market cap 3.04B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Warby Parker Inc. (WRBY) reported revenue of 911.61M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 911.61M | 871.90M | 771.32M | 669.76M | 598.11M | 540.80M |
| Cost of Revenue | 427.37M | 401.33M | 344.48M | 304.54M | 257.05M | 223.05M |
| Gross Profit | 484.23M | 470.58M | 426.83M | 365.22M | 341.06M | 317.75M |
| Selling, General & Admin | 495.13M | 475.36M | 456.13M | 433.99M | 437.94M | 426.74M |
| Operating Expenses | 496.23M | 475.36M | 456.13M | 433.99M | 449.12M | 432.79M |
| Operating Income | -12.00M | -4.78M | -29.30M | -68.77M | -108.06M | -115.04M |
| Interest Expense | -347.00K | |||||
| Interest & Investment Income | 8.36M | 8.38M | 10.60M | 9.23M | 1.31M | |
| Other Non Operating Income (Expenses) | -28.30M | |||||
| EBT Excluding Unusual Items | -3.65M | 3.60M | -18.70M | -59.53M | -106.75M | -143.69M |
| Merger & Restructuring Charges | -1.50M | |||||
| Asset Writedown | 1.75M | -557.00K | -816.00K | -3.23M | -1.65M | -317.00K |
| Pretax Income | 9.91M | 3.04M | -19.52M | -62.76M | -109.90M | -144.01M |
| Income Tax Expense | 2.17M | 1.40M | 875.00K | 433.00K | 497.00K | 263.00K |
| Net Income | 7.74M | 1.64M | -20.39M | -63.20M | -110.39M | -144.27M |
| Preferred Dividends & Other Adjustments | 13.14M | |||||
| Net Income to Common | 7.74M | 1.64M | -20.39M | -63.20M | -110.39M | -157.41M |
| Shares Outstanding (Basic) | 123.39M | 122.67M | 120.39M | 117.39M | 114.94M | 71.25M |
| Shares Outstanding (Diluted) | 125.08M | 125.10M | 120.39M | 117.39M | 114.94M | 71.25M |
| EPS (Basic) | 0.06 | 0.01 | -0.17 | -0.54 | -0.96 | -2.21 |
| EPS (Diluted) | 0.06 | 0.01 | -0.17 | -0.54 | -0.96 | -2.21 |
| Free Cash Flow | 21.75M | 43.74M | 34.71M | 7.32M | -49.81M | -80.51M |
| Free Cash Flow Per Share | 0.17 | 0.35 | 0.29 | 0.06 | -0.43 | -1.13 |
| Gross Margin | 53.12% | 53.97% | 55.34% | 54.53% | 57.02% | 58.76% |
| Operating Margin | -1.32% | -0.55% | -3.80% | -10.27% | -18.07% | -21.27% |
| Profit Margin | 0.85% | 0.19% | -2.64% | -9.44% | -18.46% | -29.11% |
| Free Cash Flow Margin | 2.38% | 5.02% | 4.50% | 1.09% | -8.33% | -14.89% |
| EBITDA | 41.47M | 45.50M | 16.57M | -30.21M | -76.19M | -93.49M |
| EBITDA Margin | 4.55% | 5.22% | 2.15% | -4.51% | -12.74% | -17.29% |
| D&A For EBITDA | 53.47M | 50.28M | 45.87M | 38.55M | 31.86M | 21.55M |
| EBIT | -12.00M | -4.78M | -29.30M | -68.77M | -108.06M | -115.04M |
| EBIT Margin | -1.32% | -0.55% | -3.80% | -10.27% | -18.07% | -21.27% |
| Effective Tax Rate | 21.85% | 46.07% | ||||
| Advertising Expenses | 87.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 292.67M | 286.36M | 254.16M | 216.89M | 208.59M | 256.42M |
| Cash & Short-Term Investments | 292.67M | 286.36M | 254.16M | 216.89M | 208.59M | 256.42M |
| Receivables | 2.08M | 3.29M | 1.95M | 1.78M | 1.44M | 992.00K |
| Inventory | 42.10M | 44.51M | 52.34M | 62.23M | 68.85M | 57.09M |
| Prepaid Expenses | 29.78M | 14.18M | 14.79M | 13.71M | 13.10M | 13.48M |
| Other Current Assets | 4.20M | 4.10M | 2.80M | 4.00M | 2.60M | |
| Total Current Assets | 370.84M | 352.44M | 326.05M | 298.62M | 294.57M | 327.98M |
| Property, Plant & Equipment | 388.11M | 358.25M | 341.75M | 274.64M | 254.34M | 103.59M |
| Long-Term Investments | 3.00M | 1.00M | ||||
| Other Intangible Assets | 11.30M | 8.60M | ||||
| Long-Term Deferred Tax Assets | 273.00K | |||||
| Long-Term Deferred Charges | 9.80M | 6.60M | 4.40M | 6.00M | 8.20M | |
| Other Long-Term Assets | 3.56M | 3.63M | 1.30M | 56.00K | 297.00K | 198.00K |
| Total Assets | 772.32M | 720.92M | 676.49M | 580.31M | 568.71M | 440.65M |
| Accounts Payable | 41.27M | 31.98M | 23.52M | 22.46M | 20.79M | 30.89M |
| Accrued Expenses | 37.19M | 29.79M | 30.68M | 31.44M | 42.93M | 49.88M |
| Current Portion of Leases | 35.54M | 31.40M | 20.23M | 24.29M | 22.55M | |
| Current Unearned Revenue | 22.57M | 33.87M | 32.36M | 31.62M | 25.63M | 22.07M |
| Other Current Liabilities | 26.90M | 23.10M | 23.56M | 17.29M | 17.66M | 15.27M |
| Total Current Liabilities | 163.48M | 150.13M | 130.35M | 127.09M | 129.56M | 118.10M |
| Long-Term Leases | 215.44M | 201.75M | 205.12M | 150.17M | 150.83M | |
| Other Long-Term Liabilities | 1.41M | 1.31M | 943.00K | 1.26M | 1.67M | 36.54M |
| Total Liabilities | 380.33M | 353.19M | 336.42M | 278.52M | 282.06M | 154.65M |
| Common Stock | 12.00K | 12.00K | 12.00K | 12.00K | 12.00K | 11.00K |
| Additional Paid-In Capital | 1.07B | 1.05B | 1.03B | 970.13M | 890.91M | 779.21M |
| Retained Earnings | -677.76M | -685.58M | -687.22M | -666.83M | -603.63M | -493.24M |
| Comprehensive Income & Other | -1.83M | -1.48M | -1.94M | -1.53M | -647.00K | 16.00K |
| Total Common Equity | 391.99M | 367.73M | 340.07M | 301.79M | 286.65M | 286.00M |
| Shareholders' Equity | 391.99M | 367.73M | 340.07M | 301.79M | 286.65M | 286.00M |
| Total Liabilities & Equity | 772.32M | 720.92M | 676.49M | 580.31M | 568.71M | 440.65M |
| Total Debt | 250.98M | 233.15M | 225.35M | 174.46M | 173.38M | |
| Net Cash (Debt) | 41.70M | 53.21M | 28.81M | 42.44M | 35.21M | 256.42M |
| Net Cash Per Share | 0.33 | 0.43 | 0.24 | 0.36 | 0.31 | 3.60 |
| Filing Date Shares Outstanding | 123.61M | 122.45M | 120.86M | 118.16M | 115.96M | 114.93M |
| Total Common Shares Outstanding | 123.43M | 122.45M | 120.85M | 118.16M | 115.34M | 113.62M |
| Working Capital | 207.36M | 202.31M | 195.69M | 171.53M | 165.01M | 209.88M |
| Book Value Per Share | 3.18 | 3.00 | 2.81 | 2.55 | 2.49 | 2.52 |
| Tangible Book Value | 391.99M | 367.73M | 340.07M | 301.79M | 275.35M | 277.40M |
| Tangible Book Value Per Share | 3.18 | 3.00 | 2.81 | 2.55 | 2.39 | 2.44 |
| Machinery | 119.09M | 106.06M | 82.22M | 65.14M | 55.78M | 40.56M |
| Construction In Progress | 21.72M | 18.44M | 20.46M | 17.55M | 12.92M | 10.99M |
| Leasehold Improvements | 237.81M | 218.36M | 189.89M | 161.72M | 139.42M | 110.95M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 7.74M | 1.64M | -20.39M | -63.20M | -110.39M | -144.27M |
| Depreciation & Amortization | 53.47M | 50.28M | 45.87M | 38.55M | 31.86M | 21.55M |
| Other Amortization | 3.98M | 3.40M | 3.70M | 2.90M | 247.00K | |
| Asset Writedown & Restructuring Costs | 702.00K | 557.00K | 816.00K | 3.23M | 1.65M | 317.00K |
| Stock-Based Compensation | 34.60M | 34.54M | 47.29M | 70.51M | 98.03M | 107.15M |
| Other Operating Activities | 3.95M | 2.82M | 2.20M | 3.19M | 3.77M | 7.76M |
| Change in Accounts Receivable | -941.00K | -1.34M | -169.00K | -345.00K | -451.00K | -392.00K |
| Change in Inventory | 1.17M | 7.83M | 9.89M | 6.61M | -11.79M | -18.62M |
| Change in Accounts Payable | 13.36M | 8.50M | 689.00K | 1.63M | -7.94M | -11.11M |
| Change in Unearned Revenue | 1.05M | 1.51M | 741.00K | 5.99M | 3.58M | -4.48M |
| Change in Other Net Operating Assets | -23.73M | 1.04M | 8.11M | -8.08M | 1.81M | 10.11M |
| Operating Cash Flow | 95.36M | 110.78M | 98.74M | 60.99M | 10.37M | -31.99M |
| Capital Expenditures | -73.61M | -67.05M | -64.03M | -53.67M | -60.18M | -48.51M |
| Investment in Securities | -2.00M | -1.00M | ||||
| Investing Cash Flow | -73.61M | -67.05M | -66.03M | -54.67M | -60.18M | -48.51M |
| Short-Term Debt Issued | 31.61M | |||||
| Total Debt Issued | 31.61M | |||||
| Net Debt Issued (Repaid) | 31.61M | |||||
| Issuance of Common Stock | 3.22M | 2.36M | 4.63M | 2.87M | 3.20M | 20.04M |
| Repurchase of Common Stock | -18.63M | -14.39M | -10.62M | |||
| Other Financing Activities | 30.00K | 30.00K | 333.00K | 91.00K | -18.03M | |
| Financing Cash Flow | -15.38M | -12.00M | 4.96M | 2.87M | 3.29M | 23.00M |
| Foreign Exchange Rate Adjustments | -73.00K | 457.00K | -404.00K | -882.00K | -1.31M | -161.00K |
| Net Cash Flow | 6.29M | 32.20M | 37.27M | 8.31M | -47.83M | -57.67M |
| Free Cash Flow | 21.75M | 43.74M | 34.71M | 7.32M | -49.81M | -80.51M |
| Free Cash Flow Margin | 2.38% | 5.02% | 4.50% | 1.09% | -8.33% | -14.89% |
| Free Cash Flow Per Share | 0.17 | 0.35 | 0.29 | 0.06 | -0.43 | -1.13 |
| Levered Free Cash Flow | 9.53M | 32.60M | 31.68M | 15.36M | -23.09M | -4.88M |
| Unlevered Free Cash Flow | 9.53M | 32.60M | 31.68M | 15.36M | -23.09M | -4.66M |
| Cash Interest Paid | 311.00K | 325.00K | 246.00K | 227.00K | 184.00K | 150.00K |
| Cash Income Tax Paid | 1.93M | 776.00K | 1.03M | 419.00K | 536.00K | 356.00K |
| Change in Working Capital | -9.09M | 17.55M | 19.26M | 5.81M | -14.80M | -24.50M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.04B | 2.66B | 2.91B | 1.66B | 1.56B | 5.27B |
| Enterprise Value | 3.00B | 2.61B | 2.86B | 1.61B | 1.54B | 5.00B |
| Last Close Price | 24.61 | 21.79 | 24.21 | 14.10 | 13.49 | 46.56 |
| PE Ratio | 408.55 | 1,622.16 | ||||
| Forward PE | 51.07 | 48.16 | 83.45 | 89.47 | 148.08 | |
| PS Ratio | 3.34 | 3.05 | 3.78 | 2.48 | 2.61 | 9.74 |
| PB Ratio | 7.75 | 7.24 | 8.57 | 5.50 | 5.44 | 18.43 |
| P/TBV Ratio | 7.76 | 7.24 | 8.57 | 5.50 | 5.67 | 19.00 |
| P/FCF Ratio | 139.89 | 60.86 | 83.93 | 226.60 | ||
| P/OCF Ratio | 31.90 | 24.03 | 29.50 | 27.20 | 150.41 | |
| EV/Sales Ratio | 3.29 | 3.00 | 3.71 | 2.41 | 2.57 | 9.25 |
| EV/EBITDA Ratio | 72.35 | 57.45 | 172.52 | |||
| EV/FCF Ratio | 137.97 | 59.77 | 82.35 | 220.35 | ||
| Debt / Equity Ratio | 0.64 | 0.63 | 0.66 | 0.58 | 0.60 | |
| Debt / EBITDA Ratio | 2.99 | 2.73 | 4.31 | 99.58 | ||
| Debt / FCF Ratio | 11.54 | 5.33 | 6.49 | 23.83 | ||
| Net Debt / Equity Ratio | -0.11 | -0.14 | -0.09 | -0.14 | -0.12 | -0.90 |
| Net Debt / EBITDA Ratio | -1.00 | -1.17 | -1.74 | 1.41 | 0.46 | 2.74 |
| Net Debt / FCF Ratio | -1.92 | -1.22 | -0.83 | -5.80 | 0.71 | 3.19 |
| Asset Turnover | 1.24 | 1.25 | 1.23 | 1.17 | 1.19 | 1.22 |
| Inventory Turnover | 10.01 | 8.29 | 6.01 | 4.65 | 4.08 | 4.67 |
| Quick Ratio | 1.80 | 1.93 | 1.97 | 1.72 | 1.62 | 2.18 |
| Current Ratio | 2.27 | 2.35 | 2.50 | 2.35 | 2.27 | 2.78 |
| Return on Equity (ROE) | 2.05% | 0.46% | -6.35% | -21.48% | -38.56% | -48.54% |
| Return on Assets (ROA) | -1.02% | -0.43% | -2.91% | -7.48% | -13.38% | -16.24% |
| Return on Invested Capital (ROIC) | -2.78% | -0.82% | -10.27% | -26.92% | -76.90% | -388.90% |
| Return on Capital Employed (ROCE) | -2.00% | -0.80% | -5.40% | -15.20% | -24.60% | -35.70% |
| Earnings Yield | 0.24% | 0.06% | -0.70% | -3.81% | -7.08% | -2.74% |
| FCF Yield | 0.71% | 1.64% | 1.19% | 0.44% | -3.19% | -1.53% |
| Buyback Yield / Dilution | -2.77% | -3.92% | -2.55% | -2.13% | -61.32% | -34.35% |