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    Warby Parker Inc (WRBY)

    Financials

    Updated May 23, 2025, 2:39 PM UTC
    Income Statement - MetricQ3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Net Revenue (USD, thousands)161,855.00669,765200,003188,222192,447190,643.00771,315223,782
    Cost of Goods Sold (USD, thousands)74,789.00304,54186,54482,84087,58087,517.00344,48197,802
    Gross Profit (USD, thousands)87,066.00365,224113,459105,382104,867103,126.00426,834125,980
    Selling, General, and Administrative Expenses (USD, thousands)108,635.00437,220118,586114,338111,480112,542.00456,946123,509
    Income (Loss) from Operations (USD, thousands)(21,569.00)(71,996)(5,127)(8,956)(6,613)(9,416.00)(30,112)2,471
    Interest and Other Income, Net (USD, thousands)2,417.009,2322,5562,5672,8422,632.0010,5972,455
    Income (Loss) Before Income Taxes (USD, thousands)(19,152.00)(62,764)(2,571)(6,389)(3,771)(6,784.00)(19,515)4,926
    Provision for Income Taxes (USD, thousands)(105.00)43310837330193.008751,454
    Net Income (Loss) (USD, thousands)(19,047.00)(63,197)(2,679)(6,762)(4,072)(6,877.00)(20,390)3,472
    Net Loss Per Share, Basic and Diluted (USD)(0.16)(0.54)(0.02)(0.06)(0.03)(0.06)(0.17)-
    Weighted Average Shares, Basic and Diluted (Shares)(233,566,279.00)117,389,012119,143,534120,086,495120,885,913(359,995,557.00)120,385-
    Other Comprehensive Income (Loss) (USD, thousands)---(18)(31)-(409)9
    Foreign Currency Translation Adjustment (USD, thousands)107.00(882)(91)(18)(31)(269.00)(409)9
    Total Comprehensive Income (Loss) (USD, thousands)(18,940.00)(64,079)(2,770)(6,780)(4,103)(7,146.00)(20,799)3,481
    Balance Sheet - MetricQ3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Cash and cash equivalents (USD, thousands)216,894216,894220,384237,958251,032254,161254,161265,074
    Accounts receivable, net (USD, thousands)1,7791,7791,1671,2091,0941,9481,9481,473
    Inventory (USD, thousands)62,23462,23456,45053,34552,76652,34552,34548,606
    Prepaid expenses and other current assets (USD, thousands)17,71217,71218,11616,12216,31717,59217,59215,444
    Total current assets (USD, thousands)298,619298,619296,117308,634321,209326,046326,046330,597
    Property and equipment, net (USD, thousands)152,332152,332156,722162,736166,500170,464170,464173,795
    Right-of-use lease assets (USD, thousands)122,305122,305129,561138,138141,552171,284171,284170,190
    Other assets (USD, thousands)7,0567,05610,4928,6988,7298,6968,6968,173
    Total assets (USD, thousands)580,312580,312592,892618,206637,990676,490676,490682,755
    Accounts payable (USD, thousands)22,45622,45626,69924,68536,66323,51923,51926,546
    Accrued expenses (USD, thousands)46,32046,32043,20047,73646,01551,60951,60951,796
    Deferred revenue (USD, thousands)31,61731,61721,24021,05219,21632,35832,35822,513
    Current lease liabilities (USD, thousands)24,28624,28624,46225,55926,06820,23520,23518,882
    Other current liabilities (USD, thousands)2,4112,4112,9392,0022,1552,6332,6332,876
    Total current liabilities (USD, thousands)127,090127,090118,540121,034130,117130,354130,354122,613
    Non-current lease liabilities (USD, thousands)150,171150,171156,988166,686170,104205,120205,120204,778
    Other liabilities (USD, thousands)1,2641,2641,1771,0961,0199439431,275
    Total liabilities (USD, thousands)278,525278,525276,705288,816301,240336,417336,417328,666
    Common Stock (Par Value) (USD, thousands)1212121212121212
    Additional paid-in capital (USD, thousands)970,135970,135987,3051,007,2881,018,7511,029,2201,029,2201,039,755
    Accumulated deficit (USD, thousands)(666,831)(666,831)(669,510)(676,272)(680,344)(687,221)(687,221)(683,749)
    Accumulated other comprehensive income (loss) (USD, thousands)(1,529)(1,529)(1,620)(1,638)(1,669)(1,938)(1,938)(1,929)
    Total stockholders’ equity (USD, thousands)301,787301,787316,187329,390336,750340,073340,073354,089
    Total liabilities and stockholders’ equity (USD, thousands)580,312580,312592,892618,206637,990676,490676,490682,755
    Cash Flow - MetricQ3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Net income (loss) [USD, thousands]-(63,197)(2,679)(6,762.00)--(20,390)3,472
    Depreciation and amortization [USD, thousands]-38,55410,58311,121.00--45,86512,162
    Stock-based compensation [USD, thousands]-70,50914,04813,831.00--47,29412,333
    Non-cash charitable contribution [USD, thousands]-3,191----2,196—
    Asset impairment charges [USD, thousands]-3,23039922.00--816311
    Amortization of cloud-based software implementation costs [USD, thousands]-2,8951,073935.00--3,704737
    Change in operating assets and liabilities: Accounts receivable, net [USD, thousands]-(345)612(41.00)--(169)475
    Change in operating assets and liabilities: Inventory [USD, thousands]-6,6145,7843,104.00--9,8893,739
    Change in operating assets and liabilities: Prepaid expenses and other assets [USD, thousands]-(3,276)(2,913)2,852.00--(3,233)1,934
    Change in operating assets and liabilities: Accounts payable [USD, thousands]-1,6333,327(1,943.00)--6894,626
    Change in operating assets and liabilities: Accrued expenses [USD, thousands]-(8,898)(108)5,295.00--9,521(560)
    Change in operating assets and liabilities: Deferred revenue [USD, thousands]-5,989(10,377)(188.00)--741(9,845)
    Change in operating assets and liabilities: Lease assets and liabilities [USD, thousands]------1,920(601)
    Change in operating assets and liabilities: Right-of-use lease assets and current and non-current lease liabilities [USD, thousands]-4,459(263)2,219.00----
    Change in operating assets and liabilities: Other liabilities [USD, thousands]-(408)(87)(81.00)--(99)575
    Change in operating assets and liabilities: Other current liabilities [USD, thousands]-41528(937.00)----
    Net cash provided by operating activities [USD, thousands]-60,99119,92731,623.00--98,74429,358
    Purchases of property and equipment [USD, thousands]-(53,671)(14,437)(17,651.00)--(64,032)(16,152)
    Investment in optical equipment company [USD, thousands]-(1,000)(2,000)0.00--(2,000)—
    Net cash used in investing activities [USD, thousands]-(54,671)(16,437)(17,651.00)--(66,032)(16,152)
    Proceeds from stock option exercises [USD, thousands]-1,036912,548.00--2,70339
    Shares withheld for taxes on stock-based compensation [USD, thousands]-------(2,341)
    Proceeds from shares issued in connection with employee stock purchase plan [USD, thousands]-1,835----1,925-
    Other financing activity [USD, thousands]------333-
    Net cash provided by financing activities [USD, thousands]-2,871913,616.00--4,961(2,302)
    Effect of exchange rates on cash [USD, thousands]-(882)(91)(14.00)--(404)9
    Net change in cash and cash equivalents [USD, thousands]-8,3093,49017,574.00--37,26710,913
    Cash paid for income taxes [USD, thousands]-41969276.00--1,03537
    Cash paid for interest [USD, thousands]-2277616.00--246104
    Cash paid for amounts included in the measurement of lease liabilities [USD, thousands]-37,12610,40010,801.00--44,459-
    Non-cash investing and financing activities: Purchases of property and equipment included in accounts payable and accrued expenses [USD, thousands]-3,6474,582(493.00)--4,4204,911
    Cash and cash equivalents, beginning of period [USD, thousands]208,585208,585216,894216,894216,894216,894216,894254,161
    Cash and cash equivalents, end of period [USD, thousands]216,894216,894220,384237,958251,032254,161254,161265,074
    Revenue by Segment - in Millions of USDQ3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Eyewear148.76627.61187.62174.0175.6193.58730.8210.845
    - Vision Care/Services13.0442.1612.3814.316.8-2.9840.512.937
    E-commerce-226.7162.8657.857.155.84233.666.331
    Retail-443.06137.14130.5135.4134.76537.8157.451
    Total Revenue161.9669.77200.00188.2192.4190.7771.3223.782
    KPIs - Metric (Unit, Scale)Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Number of Active Customers (thousands)-2,3322,3612,3862,431-2,5142,567
    Store Count (count)-237245256269-276287
    Number of retail stores that offered in-person eye exams (count)-194204215228-236247
    Average Revenue per Customer (USD per customer)-287296302305-307310