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WRBYWarby Parker Inc.
$25.96$3.2B
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WRBY logoWarby Parker Inc.(WRBY)Earnings, Financials & Key Ratios

WRBY•NYSE
1981.7× P/E·Price updated Jun 19, 2026
SectorHealthcareIndustryMedical InstrumentsSub-IndustryDental and vision care devices
AboutWarby Parker Inc. provides eyewear products. It offers eyeglasses, sunglasses, light-responsive lenses, blue-light-filtering lenses, and contact lenses, as well as accessories, including cases, lenses kit with anti-fog spray, pouches, and anti-fog lens spray. The company also offers eye exams and vision tests directly to consumers through its retail stores, website, and mobile apps. As of May 16, 2022, it had 160 retail stores in the United States and Canada. The company was formerly known as JAND, Inc. and changed its name to Warby Parker Inc. in June 2021. Warby Parker Inc. was incorporated in 2009 and is headquartered in New York, New York.Show more
  • Revenue$872M+13.0%
  • EBITDA$45M+185.3%
  • Net Income$2M+108.0%
  • EPS (Diluted)0.01+107.7%
  • Gross Margin53.97%-2.5%
  • EBITDA Margin5.15%+152.4%
  • Operating Margin-0.61%+84.3%
  • Net Margin0.19%+107.1%
  • ROE0.46%+107.3%

WRBY Key Insights

Warby Parker Inc. (WRBY) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 17.2%
  • ✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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WRBY Price & Volume

Warby Parker Inc. (WRBY) stock price & volume — 10-year historical chart

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WRBY Growth Metrics

Warby Parker Inc. (WRBY) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years17.23%
3 Years13.39%
TTM12.01%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM109.45%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM110.19%

Return on Capital

10 Years-17.53%
5 Years-19.14%
3 Years-7.71%
Last Year-0.96%

WRBY Recent Earnings

Warby Parker Inc. (WRBY) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
May 7, 2026
Metric
Actual
Est
EPS
$0.12+9.1%
$0.11
Rev
$242M+1.3%
$239M
Q1 2026
Feb 26, 2026
Metric
Actual
Est
EPS
$0.04-180.0%
$0.05
Rev
$212M-0.5%
$213M
Q4 2025
Nov 6, 2025
Metric
Actual
Est
EPS
$0.11+22.2%
$0.09
Rev
$222M+4.0%
$213M
Q3 2025
Aug 7, 2025
Metric
Actual
Est
EPS
$0.08+0.0%
$0.08
Rev
$214M-3.8%
$223M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 7, 2026
$0.12vs $0.11+9.1%
$242Mvs $239M+1.3%
Q1 2026Feb 26, 2026
$0.04vs $0.05-180.0%
$212Mvs $213M-0.5%
Q4 2025Nov 6, 2025
$0.11vs $0.09+22.2%
$222Mvs $213M+4.0%
Q3 2025Aug 7, 2025
$0.08vs $0.08+0.0%
$214Mvs $223M-3.8%
Based on last 12 quarters of dataView full earnings history →

WRBY Peer Comparison

Warby Parker Inc. (WRBY) competitors in Dental and vision care devices — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
NVST logoNVSTEnvista Holdings CorpDirect Competitor4.22B25.9192.548.32%2.41%2.18%0.55
VSCO logoVSCOVictoria's Secret & Co.Direct Competitor6.5B81.8842.425.19%3.53%29.43%3.13
BIRD logoBIRDAllbirds, Inc.Direct Competitor49.78M5.97-0.63-19.65%-53.36%-173.54%1.10
EYE logoEYENational Vision Holdings, Inc.Direct Competitor1.34B16.7845.359%2.31%5.36%0.80
LULU logoLULULululemon Athletica Inc.Product Competitor12.69B111.778.434.86%13.03%31.26%0.36
CPRI logoCPRICapri Holdings LimitedProduct Competitor2.34B20.3226.39-21.79%3.94%99.46%16.90
TPR logoTPRTapestry, Inc.Product Competitor28.99B143.501755.09%8.44%106.44%4.55
PRPH logoPRPHProPhase Labs, Inc.Product Competitor355.28K0.08-0.04-35.82%-339.31%-157.67%2.46

Compare WRBY vs Peers

Warby Parker Inc. (WRBY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NVST

Most directly comparable listed peer for WRBY.

Scale Benchmark

vs AMZN

Larger-name benchmark to compare WRBY against a more recognizable public peer.

Peer Set

Compare Top 5

vs NVST, VSCO, BIRD, EYE

WRBY Income Statement

Warby Parker Inc. (WRBY) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Sales/Revenue
370.46M393.72M540.8M598.11M669.76M771.32M871.9M890.57M
Revenue Growth %
-6.28%37.36%10.6%11.98%15.16%13.04%12.01%
Cost of Goods Sold
147.35M161.78M223.05M257.05M304.54M344.48M401.33M414.93M
COGS % of Revenue
39.78%41.09%41.24%42.98%45.47%44.66%46.03%-
Gross Profit
223.11M▲ 0%
231.94M▲ 4.0%
317.75M▲ 37.0%
341.06M▲ 7.3%
365.22M▲ 7.1%
426.83M▲ 16.9%
470.58M▲ 10.2%
475.64M▲ 0%
Gross Margin %
60.22%58.91%58.76%57.02%54.53%55.34%53.97%53.41%
Gross Profit Growth %
-3.96%37%7.34%7.08%16.87%10.25%-
Operating Expenses
224.77M287.57M461.41M452.26M437.22M456.95M475.92M481.78M
OpEx % of Revenue
60.67%73.04%85.32%75.62%65.28%59.24%54.58%-
Selling, General & Admin
224.77M287.57M461.41M452.26M421.57M440.05M475.92M478.01M
SG&A % of Revenue
60.67%73.04%85.32%75.62%62.94%57.05%54.58%-
Research & Development
00000000
R&D % of Revenue
--------
Other Operating Expenses
000015.65M16.89M01000K
Operating Income
-1.66M▲ 0%
-55.63M▼ 3245.3%
-143.66M▼ 158.2%
-111.2M▲ 22.6%
-72M▲ 35.3%
-30.11M▲ 58.2%
-5.34M▲ 82.3%
-6.14M▲ 0%
Operating Margin %
-0.45%-14.13%-26.56%-18.59%-10.75%-3.9%-0.61%-0.69%
Operating Income Growth %
--3245.28%-158.23%22.59%35.26%58.18%82.28%-
EBITDA
12.85M-37.26M-121.7M-79.34M-33.44M15.75M44.94M31.98M
EBITDA Margin %
3.47%-9.46%-22.5%-13.26%-4.99%2.04%5.15%3.59%
EBITDA Growth %
--389.85%-226.67%34.81%57.85%147.11%185.3%28.27%
D&A (Non-Cash Add-back)
14.52M18.38M21.96M31.86M38.55M45.87M50.28M38.12M
EBIT
-1.66M-55.63M-143.66M-109.9M-72M-30.11M3.04M-2.2M
Net Interest Income
1.94M-97K01.31M9.23M10.6M8.38M5.92M
Interest Income
1.94M001.31M9.23M10.6M8.38M5.92M
Interest Expense
097K000000
Other Income/Expense
1.94M-97K-347K1.31M9.23M10.6M8.38M8.26M
Pretax Income
276K▲ 0%
-55.73M▼ 20291.7%
-144.01M▼ 158.4%
-109.9M▲ 23.7%
-62.76M▲ 42.9%
-19.52M▲ 68.9%
3.04M▲ 115.6%
2.12M▲ 0%
Pretax Margin %
0.07%-14.15%-26.63%-18.37%-9.37%-2.53%0.35%0.24%
Income Tax
276K190K263K497K433K875K1.4M769K
Effective Tax Rate %
100%-0.34%-0.18%-0.45%-0.69%-4.48%46.07%36.36%
Net Income
0▲ 0%
-55.92M▲ 0%
-144.27M▼ 158.0%
-110.39M▲ 23.5%
-63.2M▲ 42.8%
-20.39M▲ 67.7%
1.64M▲ 108.0%
1.35M▲ 0%
Net Margin %
--14.2%-26.68%-18.46%-9.44%-2.64%0.19%0.15%
Net Income Growth %
---158%23.48%42.75%67.74%108.05%109.45%
Net Income (Continuing)
0-55.92M-144.27M-110.39M-63.2M-20.39M1.64M1.35M
Discontinued Operations
00000000
Minority Interest
00000000
EPS (Diluted)
-0.52▲ 0%
-0.50▲ 3.8%
-1.39▼ 178.0%
-0.96▲ 30.9%
-0.54▲ 43.7%
-0.17▲ 68.5%
0.01▲ 107.7%
0.01▲ 0%
EPS Growth %
-3.85%-178%30.94%43.75%68.52%107.71%110.19%
EPS (Basic)
-0.52-0.50-1.39-0.96-0.54-0.170.01-
Diluted Shares Outstanding
111.39M111.39M113.62M114.94M117.39M120.39M125.1M125.55M
Basic Shares Outstanding
111.39M111.39M113.62M114.94M117.39M120.39M122.67M123.44M
Dividend Payout Ratio
--------

WRBY Balance Sheet

Warby Parker Inc. (WRBY) balance sheet — assets, liabilities & shareholders' equity

MetricDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Current Assets
91.68M359.93M327.98M294.57M298.62M326.05M352.44M357.69M
Cash & Short-Term Investments
55.42M314.08M256.42M208.59M216.89M254.16M286.36M288.25M
Cash Only
55.42M314.08M256.42M208.59M216.89M254.16M286.36M288.25M
Short-Term Investments
00000000
Accounts Receivable
1.12M601K992K1.44M1.78M1.95M3.29M1.76M
Days Sales Outstanding
1.10.560.670.880.970.921.380.75
Inventory
28.44M38.47M57.09M68.85M62.23M52.34M44.51M46.45M
Days Inventory Outstanding
70.4486.7993.4397.7674.5955.4640.4839.55
Other Current Assets
00015.7M17.71M17.59M18.28M21.23M
Total Non-Current Assets
84.17M84.82M112.67M274.14M281.69M350.44M368.48M378.72M
Property, Plant & Equipment
83.89M84.53M112.19M265.64M274.64M341.75M358.25M366.6M
Fixed Asset Turnover
4.42x4.66x4.82x2.25x2.44x2.26x2.43x2.50x
Goodwill
00000000
Intangible Assets
3.7M3.6M8.6M00000
Long-Term Investments
000002M01M
Other Non-Current Assets
-3.42M-3.32M-8.13M8.5M7.06M6.7M10.23M12.12M
Total Assets
175.86M▲ 0%
444.75M▲ 152.9%
440.65M▼ 0.9%
568.71M▲ 29.1%
580.31M▲ 2.0%
676.49M▲ 16.6%
720.92M▲ 6.6%
736.41M▲ 0%
Asset Turnover
2.11x0.89x1.23x1.05x1.15x1.14x1.21x1.24x
Asset Growth %
-152.91%-0.92%29.06%2.04%16.57%6.57%38.77%
Total Current Liabilities
75.87M105.33M118.1M129.56M127.09M130.35M150.13M153.28M
Accounts Payable
37.31M40.79M30.89M20.79M22.46M23.52M31.98M37.21M
Days Payables Outstanding
92.4192.0250.5529.5226.9124.9229.0823.34
Short-Term Debt
00000031.4M31.88M
Deferred Revenue (Current)
19.25M26.55M22.07M25.63M31.62M32.36M33.87M98.3M
Other Current Liabilities
15.59M30.09M53.29M2.37M2.41M54.24M52.88M63.28M
Current Ratio
1.21x3.42x2.78x2.27x2.35x2.50x2.35x2.33x
Quick Ratio
0.83x3.05x2.29x1.74x1.86x2.10x2.05x2.03x
Cash Conversion Cycle
-20.87-4.6843.5569.1148.6431.4612.7716.96
Total Non-Current Liabilities
26.59M31.01M36.54M152.5M151.44M206.06M203.06M207.32M
Long-Term Debt
000000201.75M205.75M
Capital Lease Obligations
000150.83M150.17M205.12M0203.75M
Deferred Tax Liabilities
00000000
Other Non-Current Liabilities
26.59M31.01M36.54M1.67M1.26M943K1.31M1.57M
Total Liabilities
102.46M136.34M154.65M282.06M278.52M336.42M353.19M360.6M
Total Debt
000173.38M174.46M225.35M233.15M237.63M
Net Debt
-55.42M-314.08M-256.42M-35.21M-42.44M-28.81M-53.21M-50.61M
Debt / Equity
---0.60x0.58x0.66x0.63x0.63x
Debt / EBITDA
-----14.31x5.19x7.43x
Net Debt / EBITDA
-4.31x-----1.83x-1.18x-1.58x
Interest Coverage
--573.53x------
Total Equity
73.4M▲ 0%
308.41M▲ 320.2%
286M▼ 7.3%
286.65M▲ 0.2%
301.79M▲ 5.3%
340.07M▲ 12.7%
367.73M▲ 8.1%
375.81M▲ 0%
Equity Growth %
-320.2%-7.27%0.23%5.28%12.69%8.13%33.76%
Book Value per Share
0.662.772.522.492.572.822.942.99
Total Shareholders' Equity
73.4M308.41M286M286.65M301.79M340.07M367.73M375.81M
Common Stock
5K5K11K12K12K12K12K12K
Retained Earnings
-269.47M-325.39M-493.24M-603.63M-666.83M-687.22M-685.58M-682.4M
Treasury Stock
00000000
Accumulated OCI
22K109K16K-647K-1.53M-1.94M-1.48M-1.81M
Minority Interest
00000000

WRBY Cash Flow Statement

Warby Parker Inc. (WRBY) cash flow — operating, investing & free cash flow history

MetricDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
21.39M32.76M-31.99M10.37M60.99M98.74M110.78M105.94M
Operating CF Margin %
5.77%8.32%-5.92%1.73%9.11%12.8%12.71%-
Operating CF Growth %
-53.12%-197.67%132.41%488.15%61.9%12.19%-6.72%
Net Income
0-55.92M-144.27M-110.39M-63.2M-20.39M1.64M1.35M
Depreciation & Amortization
14.52M18.38M21.87M31.86M38.55M45.87M50.28M53.81M
Stock-Based Compensation
8.5M44.91M107.15M98.03M70.51M47.29M34.54M15.17M
Deferred Taxes
0-85.27M000000
Other Non-Cash Items
085.27M7.76M5.42M9.32M6.72M6.78M23.72M
Working Capital Changes
-1.62M25.39M-24.5M-14.55M5.81M19.26M17.55M11.89M
Change in Receivables
-644K517K-392K-451K-345K-169K-1.34M-288K
Change in Inventory
-12.61M-10.02M-18.62M-11.79M6.61M9.89M7.83M2.15M
Change in Payables
5.53M5.9M-11.11M-7.94M1.63M689K8.5M6.09M
Cash from Investing
-32.63M-20.07M-48.51M-60.18M-54.67M-66.03M-67.05M-67.03M
Capital Expenditures
-32.63M-20.07M-48.51M-60.18M-53.67M-64.03M-67.05M-67.03M
CapEx % of Revenue
8.81%5.1%8.97%10.06%8.01%8.3%7.69%7.53%
Acquisitions
00000000
Investments
--------
Other Investing
00000000
Cash from Financing
-83.36M245.94M23M3.29M2.87M4.96M-12M-15.86M
Debt Issued (Net)
590K945K31.61M91K0000
Equity Issued (Net)
-79.47M244.99M-8.09M3.2M2.87M4.63M2.36M2.32M
Dividends Paid
00000000
Share Repurchases
-79.47M0-8.09M00000
Other Financing
-4.48M0-528K00333K-14.36M-18.18M
Net Change in Cash
-94.36M▲ 0%
258.66M▲ 374.1%
-57.67M▼ 122.3%
-47.83M▲ 17.1%
8.31M▲ 117.4%
37.27M▲ 348.5%
32.2M▼ 13.6%
23.17M▲ 0%
Free Cash Flow
-11.24M▲ 0%
12.69M▲ 212.9%
-80.51M▼ 734.5%
-49.81M▲ 38.1%
7.32M▲ 114.7%
34.71M▲ 374.2%
43.74M▲ 26.0%
38.9M▲ 0%
FCF Margin %
-3.03%3.22%-14.89%-8.33%1.09%4.5%5.02%4.37%
FCF Growth %
-212.9%-734.51%38.13%114.7%374.21%26%-8.31%
FCF per Share
-0.100.11-0.71-0.430.060.290.350.31
FCF Conversion (FCF/Net Income)
--0.59x0.22x-0.09x-0.97x-4.84x67.51x28.90x
Interest Paid
88K466K150K184K227K0072K
Taxes Paid
369K230K356K536K419K00606K

WRBY Key Ratios

Warby Parker Inc. (WRBY) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric202020212022202320242025TTM
Return on Equity (ROE)
-29.29%-48.54%-38.56%-21.48%-6.35%0.46%0.37%
Return on Invested Capital (ROIC)
-678.44%-901.26%-59.36%-21.14%-7.92%-1.28%-1.46%
Gross Margin
58.91%58.76%57.02%54.53%55.34%53.97%53.41%
Net Margin
-14.2%-26.68%-18.46%-9.44%-2.64%0.19%0.15%
Debt / Equity
--0.60x0.58x0.66x0.63x0.63x
Interest Coverage
-573.53x------
FCF Conversion
-0.59x0.22x-0.09x-0.97x-4.84x67.51x28.90x
Revenue Growth
6.28%37.36%10.6%11.98%15.16%13.04%12.01%
Related:WRBY Dividend History·WRBY Revenue History·WRBY Price History·WRBY P/E History·WRBY Financial Ratios·WRBY Institutional Holders

WRBY SEC Filings & Documents

Warby Parker Inc. (WRBY) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 7, 2026·SEC

Material company update

Feb 26, 2026·SEC

Material company update

Feb 9, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 27, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

May 7, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 8, 2025·SEC

WRBY Frequently Asked Questions

Warby Parker Inc. (WRBY) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Warby Parker Inc. (WRBY) reported $890.6M in revenue for fiscal year 2025. This represents a 140% increase from $370.5M in 2019.

Warby Parker Inc. (WRBY) grew revenue by 13.0% over the past year. This is steady growth.

Yes, Warby Parker Inc. (WRBY) is profitable, generating $1.3M in net income for fiscal year 2025 (0.2% net margin).

Dividend & Returns

Warby Parker Inc. (WRBY) has a return on equity (ROE) of 0.5%. This is below average, suggesting room for improvement.

Warby Parker Inc. (WRBY) generated $38.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in WRBY back in 2019?

Total return calculator · dividends reinvested · 7+ years of data

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How much would $100/month in WRBY be worth today?

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