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Warby Parker Inc.(WRBY)Earnings, Financials & Key Ratios
WRBY•NYSE
$22.03
$2.7B mkt cap·1681.7× P/E·Price updated May 6, 2026
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%
- ROIC-1.28%+83.8%
- Debt/Equity0.63-4.3%
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.
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%
TTM13.04%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM108.05%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM105.91%
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
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 8/12 qtrs (67%)
Q1 2026Latest
Feb 26, 2026EPS
$0.04
Est $0.05
-180.0%
Revenue
$212M
Est $213M
-0.5%
Q4 2025
Nov 6, 2025EPS
$0.11
Est $0.09
+22.2%
Revenue
$222M
Est $213M
+4.0%
Q3 2025
Aug 7, 2025EPS
$0.08
Est $0.08
+0.0%
Revenue
$214M
Est $223M
-3.8%
Q2 2025
May 8, 2025EPS
$0.12
Est $0.12
+0.0%
Revenue
$224M
Est $217M
+3.3%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 26, 2026 | $0.04vs $0.05-180.0% | $212Mvs $213M-0.5% |
| Q4 2025 | Nov 6, 2025 | $0.11vs $0.09+22.2% | $222Mvs $213M+4.0% |
| Q3 2025 | Aug 7, 2025 | $0.08vs $0.08+0.0% | $214Mvs $223M-3.8% |
| Q2 2025 | May 8, 2025 | $0.12vs $0.12+0.0% | $224Mvs $217M+3.3% |
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
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 NVST | 4.5B | 27.06 | 96.64 | 8.32% | 2.41% | 2.18% | 0.55 | |
 VSCO | 4.12B | 51.56 | 25.27 | 0.78% | 2.67% | 24.95% | 4.06 | |
 BIRD | 34.48M | 6.08 | -0.51 | -25.31% | -51.9% | -108.35% | 0.53 | |
 EYE | 1.8B | 22.67 | 61.27 | 9% | 1.49% | 3.47% | 0.80 | |
 LULU | 14.71B | 132.04 | 9.96 | 4.86% | 14.22% | 34.71% | 0.36 | |
 CPRI | 2.3B | 19.29 | -1.93 | -13.57% | -466.67% | 8.34 | ||
 TPR | 30.17B | 148.83 | 181.50 | 5.09% | 6.95% | 94.76% | 4.55 | |
 PRPH | 5.82M | 0.14 | -0.05 | -84.75% | -38.72% | -6.08% | 3.34 |
Compare WRBY vs Peers
Warby Parker Inc. (WRBY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
WRBY Income Statement
Warby Parker Inc. (WRBY) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 370.46M | 393.72M | 540.8M | 598.11M | 669.76M | 771.32M | 871.9M |
| Revenue Growth % | - | 6.28% | 37.36% | 10.6% | 11.98% | 15.16% | 13.04% |
| Cost of Goods Sold | 147.35M | 161.78M | 223.05M | 257.05M | 304.54M | 344.48M | 401.33M |
| 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% |
| Gross Margin % | 60.22% | 58.91% | 58.76% | 57.02% | 54.53% | 55.34% | 53.97% |
| Gross Profit Growth % | - | 3.96% | 37% | 7.34% | 7.08% | 16.87% | 10.25% |
| Operating Expenses | 224.77M | 287.57M | 461.41M | 452.26M | 437.22M | 456.95M | 475.92M |
| OpEx % of Revenue | 60.67% | 73.04% | 85.32% | 75.62% | 65.28% | 59.24% | 54.58% |
| Selling, General & Admin | 224.77M | 287.57M | 461.41M | 452.26M | 421.57M | 440.05M | 475.92M |
| SG&A % of Revenue | 60.67% | 73.04% | 85.32% | 75.62% | 62.94% | 57.05% | 54.58% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 15.65M | 16.89M | 0 |
| 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% |
| Operating Margin % | -0.45% | -14.13% | -26.56% | -18.59% | -10.75% | -3.9% | -0.61% |
| Operating Income Growth % | - | -3245.28% | -158.23% | 22.59% | 35.26% | 58.18% | 82.28% |
| EBITDA | 12.85M | -37.26M | -121.7M | -79.34M | -33.44M | 15.75M | 44.94M |
| EBITDA Margin % | 3.47% | -9.46% | -22.5% | -13.26% | -4.99% | 2.04% | 5.15% |
| EBITDA Growth % | - | -389.85% | -226.67% | 34.81% | 57.85% | 147.11% | 185.3% |
| D&A (Non-Cash Add-back) | 14.52M | 18.38M | 21.96M | 31.86M | 38.55M | 45.87M | 50.28M |
| EBIT | -1.66M | -55.63M | -143.66M | -109.9M | -72M | -30.11M | 3.04M |
| Net Interest Income | 1.94M | -97K | 0 | 1.31M | 9.23M | 10.6M | 8.38M |
| Interest Income | 1.94M | 0 | 0 | 1.31M | 9.23M | 10.6M | 8.38M |
| Interest Expense | 0 | 97K | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 1.94M | -97K | -347K | 1.31M | 9.23M | 10.6M | 8.38M |
| 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% |
| Pretax Margin % | 0.07% | -14.15% | -26.63% | -18.37% | -9.37% | -2.53% | 0.35% |
| Income Tax | 276K | 190K | 263K | 497K | 433K | 875K | 1.4M |
| Effective Tax Rate % | 100% | -0.34% | -0.18% | -0.45% | -0.69% | -4.48% | 46.07% |
| 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% |
| Net Margin % | - | -14.2% | -26.68% | -18.46% | -9.44% | -2.64% | 0.19% |
| Net Income Growth % | - | - | -158% | 23.48% | 42.75% | 67.74% | 108.05% |
| Net Income (Continuing) | 0 | -55.92M | -144.27M | -110.39M | -63.2M | -20.39M | 1.64M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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% |
| EPS Growth % | - | 3.85% | -178% | 30.94% | 43.75% | 68.52% | 107.71% |
| EPS (Basic) | -0.52 | -0.50 | -1.39 | -0.96 | -0.54 | -0.17 | 0.01 |
| Diluted Shares Outstanding | 111.39M | 111.39M | 113.62M | 114.94M | 117.39M | 120.39M | 125.1M |
| Basic Shares Outstanding | 111.39M | 111.39M | 113.62M | 114.94M | 117.39M | 120.39M | 122.67M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
WRBY Balance Sheet
Warby Parker Inc. (WRBY) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 91.68M | 359.93M | 327.98M | 294.57M | 298.62M | 326.05M | 352.44M |
| Cash & Short-Term Investments | 55.42M | 314.08M | 256.42M | 208.59M | 216.89M | 254.16M | 286.36M |
| Cash Only | 55.42M | 314.08M | 256.42M | 208.59M | 216.89M | 254.16M | 286.36M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.12M | 601K | 992K | 1.44M | 1.78M | 1.95M | 3.29M |
| Days Sales Outstanding | 1.1 | 0.56 | 0.67 | 0.88 | 0.97 | 0.92 | 1.38 |
| Inventory | 28.44M | 38.47M | 57.09M | 68.85M | 62.23M | 52.34M | 44.51M |
| Days Inventory Outstanding | 70.44 | 86.79 | 93.43 | 97.76 | 74.59 | 55.46 | 40.48 |
| Other Current Assets | 0 | 0 | 0 | 15.7M | 17.71M | 17.59M | 18.28M |
| Total Non-Current Assets | 84.17M | 84.82M | 112.67M | 274.14M | 281.69M | 350.44M | 368.48M |
| Property, Plant & Equipment | 83.89M | 84.53M | 112.19M | 265.64M | 274.64M | 341.75M | 358.25M |
| Fixed Asset Turnover | 4.42x | 4.66x | 4.82x | 2.25x | 2.44x | 2.26x | 2.43x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 3.7M | 3.6M | 8.6M | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 2M | 0 |
| Other Non-Current Assets | -3.42M | -3.32M | -8.13M | 8.5M | 7.06M | 6.7M | 10.23M |
| 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% |
| Asset Turnover | 2.11x | 0.89x | 1.23x | 1.05x | 1.15x | 1.14x | 1.21x |
| Asset Growth % | - | 152.91% | -0.92% | 29.06% | 2.04% | 16.57% | 6.57% |
| Total Current Liabilities | 75.87M | 105.33M | 118.1M | 129.56M | 127.09M | 130.35M | 150.13M |
| Accounts Payable | 37.31M | 40.79M | 30.89M | 20.79M | 22.46M | 23.52M | 31.98M |
| Days Payables Outstanding | 92.41 | 92.02 | 50.55 | 29.52 | 26.91 | 24.92 | 29.08 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 31.4M |
| Deferred Revenue (Current) | 19.25M | 26.55M | 22.07M | 25.63M | 31.62M | 32.36M | 33.87M |
| Other Current Liabilities | 15.59M | 30.09M | 53.29M | 2.37M | 2.41M | 54.24M | 52.88M |
| Current Ratio | 1.21x | 3.42x | 2.78x | 2.27x | 2.35x | 2.50x | 2.35x |
| Quick Ratio | 0.83x | 3.05x | 2.29x | 1.74x | 1.86x | 2.10x | 2.05x |
| Cash Conversion Cycle | -20.87 | -4.68 | 43.55 | 69.11 | 48.64 | 31.46 | 12.77 |
| Total Non-Current Liabilities | 26.59M | 31.01M | 36.54M | 152.5M | 151.44M | 206.06M | 203.06M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 201.75M |
| Capital Lease Obligations | 0 | 0 | 0 | 150.83M | 150.17M | 205.12M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 26.59M | 31.01M | 36.54M | 1.67M | 1.26M | 943K | 1.31M |
| Total Liabilities | 102.46M | 136.34M | 154.65M | 282.06M | 278.52M | 336.42M | 353.19M |
| Total Debt | 0 | 0 | 0 | 173.38M | 174.46M | 225.35M | 233.15M |
| Net Debt | -55.42M | -314.08M | -256.42M | -35.21M | -42.44M | -28.81M | -53.21M |
| Debt / Equity | - | - | - | 0.60x | 0.58x | 0.66x | 0.63x |
| Debt / EBITDA | - | - | - | - | - | 14.31x | 5.19x |
| Net Debt / EBITDA | -4.31x | - | - | - | - | -1.83x | -1.18x |
| 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% |
| Equity Growth % | - | 320.2% | -7.27% | 0.23% | 5.28% | 12.69% | 8.13% |
| Book Value per Share | 0.66 | 2.77 | 2.52 | 2.49 | 2.57 | 2.82 | 2.94 |
| Total Shareholders' Equity | 73.4M | 308.41M | 286M | 286.65M | 301.79M | 340.07M | 367.73M |
| Common Stock | 5K | 5K | 11K | 12K | 12K | 12K | 12K |
| Retained Earnings | -269.47M | -325.39M | -493.24M | -603.63M | -666.83M | -687.22M | -685.58M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 22K | 109K | 16K | -647K | -1.53M | -1.94M | -1.48M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
WRBY Cash Flow Statement
Warby Parker Inc. (WRBY) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Cash from Operations | 21.39M | 32.76M | -31.99M | 10.37M | 60.99M | 98.74M | 110.78M |
| 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% |
| Net Income | 0 | -55.92M | -144.27M | -110.39M | -63.2M | -20.39M | 1.64M |
| Depreciation & Amortization | 14.52M | 18.38M | 21.87M | 31.86M | 38.55M | 45.87M | 50.28M |
| Stock-Based Compensation | 8.5M | 44.91M | 107.15M | 98.03M | 70.51M | 47.29M | 34.54M |
| Deferred Taxes | 0 | -85.27M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 0 | 85.27M | 7.76M | 5.42M | 9.32M | 6.72M | 6.78M |
| Working Capital Changes | -1.62M | 25.39M | -24.5M | -14.55M | 5.81M | 19.26M | 17.55M |
| Change in Receivables | -644K | 517K | -392K | -451K | -345K | -169K | -1.34M |
| Change in Inventory | -12.61M | -10.02M | -18.62M | -11.79M | 6.61M | 9.89M | 7.83M |
| Change in Payables | 5.53M | 5.9M | -11.11M | -7.94M | 1.63M | 689K | 8.5M |
| Cash from Investing | -32.63M | -20.07M | -48.51M | -60.18M | -54.67M | -66.03M | -67.05M |
| Capital Expenditures | -32.63M | -20.07M | -48.51M | -60.18M | -53.67M | -64.03M | -67.05M |
| CapEx % of Revenue | 8.81% | 5.1% | 8.97% | 10.06% | 8.01% | 8.3% | 7.69% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -83.36M | 245.94M | 23M | 3.29M | 2.87M | 4.96M | -12M |
| Debt Issued (Net) | 590K | 945K | 31.61M | 91K | 0 | 0 | 0 |
| Equity Issued (Net) | -79.47M | 244.99M | -8.09M | 3.2M | 2.87M | 4.63M | 2.36M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -79.47M | 0 | -8.09M | 0 | 0 | 0 | 0 |
| Other Financing | -4.48M | 0 | -528K | 0 | 0 | 333K | -14.36M |
| 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% |
| 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% |
| FCF Margin % | -3.03% | 3.22% | -14.89% | -8.33% | 1.09% | 4.5% | 5.02% |
| FCF Growth % | - | 212.9% | -734.51% | 38.13% | 114.7% | 374.21% | 26% |
| FCF per Share | -0.10 | 0.11 | -0.71 | -0.43 | 0.06 | 0.29 | 0.35 |
| FCF Conversion (FCF/Net Income) | - | -0.59x | 0.22x | -0.09x | -0.97x | -4.84x | 67.51x |
| Interest Paid | 88K | 466K | 150K | 184K | 227K | 0 | 0 |
| Taxes Paid | 369K | 230K | 356K | 536K | 419K | 0 | 0 |
WRBY Key Ratios
Warby Parker Inc. (WRBY) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -29.29% | -48.54% | -38.56% | -21.48% | -6.35% | 0.46% |
| Return on Invested Capital (ROIC) | -6.94% | -678.44% | -901.26% | -59.36% | -21.14% | -7.92% | -1.28% |
| Gross Margin | 60.22% | 58.91% | 58.76% | 57.02% | 54.53% | 55.34% | 53.97% |
| Net Margin | - | -14.2% | -26.68% | -18.46% | -9.44% | -2.64% | 0.19% |
| Debt / Equity | - | - | - | 0.60x | 0.58x | 0.66x | 0.63x |
| Interest Coverage | - | -573.53x | - | - | - | - | - |
| FCF Conversion | - | -0.59x | 0.22x | -0.09x | -0.97x | -4.84x | 67.51x |
| Revenue Growth | - | 6.28% | 37.36% | 10.6% | 11.98% | 15.16% | 13.04% |
WRBY SEC Filings & Documents
Warby Parker Inc. (WRBY) SEC filings — annual & quarterly reports (10-K, 10-Q)
WRBY Frequently Asked Questions
Warby Parker Inc. (WRBY) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Warby Parker Inc. (WRBY) reported $871.9M in revenue for fiscal year 2025. This represents a 135% 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 $1.6M 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 $43.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Explore More WRBY
Warby Parker Inc. (WRBY) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates