Warby Parker Inc. (WRBY)
Warby Parker Inc. operates as a purveyor of optical products and related services. Their extensive product line includes prescription eyeglasses, sunglasses, and contact lenses, alongside specialized lens options such as light-responsive (photochromic) and blue-light-filtering variants. Customers can also acquire a variety of accessories, including protective cases, lens care kits equipped with anti-fog spray, pouches, and individual anti-fog lens sprays. Beyond product sales, Warby Parker facilitates direct-to-consumer eye examinations and vision assessments. These services are accessible through their physical retail locations, online platform, and dedicated mobile applications. By May 16, 2022, the company had established a network of 160 brick-and-mortar stores across the United States and Canada. Originally incorporated as JAND, Inc. in 2009, the organization officially rebranded to Warby Parker Inc. in June 2021. Its corporate headquarters are situated in New York, New York.
Sector: Ophthalmic Goods
Industry: Specialty Retail
Warby Parker Inc.
NYSE:WRBYConsumer Cyclical · Specialty Retail
+0.93%$25.91
AH Close$25.91+0.00%vs close
AH Close$25.91+0.00%vs close
Mkt Cap$3.2B
Float95.39M
O/S123.61M
Inst Own100.1%
SI19.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$871.9M
Net Income$1.64M
Total Assets$720.92M
Free Cash Flow$43.74M
Debt & Equity
Debt 39%
Equity 61%
Total Debt$233.15M
Total Equity$367.73M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in WRBY's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$720.92M
Liabilities$353.19M
Accounts Receivable$3.29M
Accounts Payable$31.98M
Inventory$44.51M
PP&E (Net)$358.25M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $871.9M | $771.32M | $669.76M | $598.11M | $540.8M | $393.72M | $370.46M |
| YoY Growth | 13.0% | 15.2% | 12.0% | 10.6% | 37.4% | 6.3% | - |
| Cost of Revenue | $401.33M | $344.48M | $304.54M | $257.05M | $223.05M | $161.78M | $147.35M |
| Gross Profit | $470.58M | $426.83M | $365.22M | $341.06M | $317.75M | $231.94M | $223.11M |
| Gross Margin | 54.0% | 55.3% | 54.5% | 57.0% | 58.8% | 58.9% | 60.2% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $475.92M | $440.05M | $421.57M | $452.26M | $461.41M | $287.57M | $224.77M |
| Other | $0 | $16.89M | $15.65M | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $475.92M | $456.95M | $437.22M | $452.26M | $461.41M | $287.57M | $224.77M |
| Operating Income (EBIT) | -$5.34M | -$30.11M | -$72M | -$111.2M | -$143.66M | -$55.63M | -$1.66M |
| Operating Margin | -0.6% | -3.9% | -10.7% | -18.6% | -26.6% | -14.1% | -0.4% |
| Interest Expense | $0 | $0 | $0 | $0 | $347K | $97K | $0 |
| Interest Income | $8.38M | $10.6M | $9.23M | $1.31M | $0 | $0 | $1.94M |
| Other Income (Expense) | $8.38M | $10.6M | $9.23M | $1.31M | -$347K | -$97K | $1.94M |
| Income Before Tax (EBT) | $3.04M | -$19.52M | -$62.76M | -$109.9M | -$144.01M | -$55.73M | $276K |
| Income Tax Expense | $1.4M | $875K | $433K | $497K | $263K | $190K | $276K |
| Net Income | $1.64M | -$20.39M | -$63.2M | -$110.39M | -$144.27M | -$55.92M | $0 |
| Net Income Margin | 0.2% | -2.6% | -9.4% | -18.5% | -26.7% | -14.2% | - |
| Supplementary Data | |||||||
| EPS | 0.01 | -0.17 | -0.54 | -0.96 | -1.39 | -0.50 | -0.52 |
| Diluted EPS | 0.01 | -0.17 | -0.54 | -0.96 | -1.39 | -0.50 | -0.52 |
| Weighted Average OS | 122.67M | 120.39M | 117.39M | 114.94M | 113.62M | 111.39M | 111.39M |
| EBITDA | $53.32M | $26.35M | -$24.21M | -$78.03M | -$122.14M | -$37.26M | $12.85M |
| EBITDA Margin | 6.1% | 3.4% | -3.6% | -13.0% | -22.6% | -9.5% | 3.5% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $286.36M | $254.16M | $216.89M | $208.59M | $256.42M | $314.08M | $55.42M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $286.36M | $254.16M | $216.89M | $208.59M | $256.42M | $314.08M | $55.42M |
| Accounts Receivable | $3.29M | $1.95M | $1.78M | $1.44M | $992K | $601K | $1.12M |
| Inventory | $44.51M | $52.34M | $62.23M | $68.85M | $57.09M | $38.47M | $28.44M |
| Other Current Assets | $18.28M | $17.59M | $17.71M | $15.7M | $0 | $0 | $0 |
| Total Current Assets | $352.44M | $326.05M | $298.62M | $294.57M | $327.98M | $359.93M | $91.68M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $358.25M | $341.75M | $274.64M | $265.64M | $112.19M | $84.53M | $83.89M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $8.6M | $3.6M | $3.7M |
| Long-Term Investments | $0 | $2M | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $10.23M | $6.7M | $7.06M | $8.5M | -$8.13M | -$3.32M | -$3.42M |
| Total Long-Term Assets | $368.48M | $350.44M | $281.69M | $274.14M | $112.67M | $84.82M | $84.17M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $720.92M | $676.49M | $580.31M | $568.71M | $440.65M | $444.75M | $175.86M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $31.98M | $23.52M | $22.46M | $20.79M | $30.89M | $40.79M | $37.31M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $33.87M | $32.36M | $31.62M | $25.63M | $22.07M | $26.55M | $19.25M |
| Other Current Liabilities | $3.66M | $2.63M | $2.41M | $2.37M | $53.29M | $30.09M | $15.59M |
| Total Current Liabilities | $150.13M | $130.35M | $127.09M | $129.56M | $118.1M | $105.33M | $75.87M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $201.75M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1.31M | $943K | $1.26M | $1.67M | $36.54M | $31.01M | $26.59M |
| Total Long-Term Liabilities | $203.06M | $206.06M | $151.44M | $152.5M | $36.54M | $31.01M | $26.59M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $353.19M | $336.42M | $278.52M | $282.06M | $154.65M | $136.34M | $102.46M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $506.51M | $262.85M |
| Common Stock | $12K | $12K | $12K | $12K | $11K | $5K | $5K |
| Retained Earnings | -$685.58M | -$687.22M | -$666.83M | -$603.63M | -$493.24M | -$325.39M | -$269.47M |
| Comprehensive Income & Other | -$1.48M | -$1.94M | -$1.53M | -$647K | $16K | $109K | $22K |
| Other Stockholders' Equity | $1.05B | $1.03B | $968.61M | $890.27M | $779.23M | $633.8M | $342.86M |
| Total Equity | $367.73M | $340.07M | $301.79M | $286.65M | $286M | $308.41M | $73.4M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $720.92M | $676.49M | $580.31M | $568.71M | $440.65M | $444.75M | $175.86M |
| Supplementary Data | |||||||
| Total Debt | $233.15M | $225.35M | $174.46M | $173.38M | $0 | $0 | $0 |
| Net Debt | -$53.21M | -$28.81M | -$42.44M | -$35.21M | -$256.42M | -$314.08M | -$55.42M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | $1.64M | -$20.39M | -$63.2M | -$110.39M | -$144.27M | -$55.92M | $0 |
| Depreciation & Amortization | $50.28M | $45.87M | $38.55M | $31.86M | $21.87M | $18.38M | $14.52M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | -$85.27M | $0 |
| Stock-Based Compensation | $34.54M | $47.29M | $70.51M | $98.03M | $107.15M | $44.91M | $8.5M |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$1.34M | -$169K | -$345K | -$451K | -$392K | $517K | -$644K |
| Inventory | $7.83M | $9.89M | $6.61M | -$11.79M | -$18.62M | -$10.02M | -$12.61M |
| Accounts Payable | $8.5M | $689K | $1.63M | -$7.94M | -$11.11M | $5.9M | $5.53M |
| Other Working Capital | $2.55M | $8.85M | -$2.09M | $5.64M | $5.63M | $28.99M | $6.11M |
| Total Working Capital Change | $17.55M | $19.26M | $5.81M | -$14.55M | -$24.5M | $25.39M | -$1.62M |
| Other Non-Cash Items | $6.78M | $6.72M | $9.32M | $5.42M | $7.76M | $85.27M | $0 |
| Net Cash from Operating | $110.78M | $98.74M | $60.99M | $10.37M | -$31.99M | $32.76M | $21.39M |
| Investing Activities | |||||||
| Capital Expenditures | -$67.05M | -$64.03M | -$53.67M | -$60.18M | -$48.51M | -$20.07M | -$32.63M |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | -$2M | -$1M | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$67.05M | -$66.03M | -$54.67M | -$60.18M | -$48.51M | -$20.07M | -$32.63M |
| Financing Activities | |||||||
| Debt Repaid | - | - | - | -$91K | -$31.61M | -$945K | -$590K |
| Common Stock Issuance | $2.36M | $4.63M | $2.87M | $3.2M | $20.04M | $244.99M | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | -$8.09M | $0 | -$79.47M |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$14.36M | $333K | $0 | $0 | -$20.56M | $0 | -$4.48M |
| Net Cash from Financing | -$12M | $4.96M | $2.87M | $3.29M | $23M | $245.94M | -$83.36M |
| Forex Effect | $457K | -$406K | -$882K | -$1.31M | -$161K | $37K | $237K |
| Net Change in Cash | $32.2M | $37.27M | $8.31M | -$47.83M | -$57.67M | $258.66M | -$94.36M |
| Supplementary Data | |||||||
| Operating Cash Flow | $110.78M | $98.74M | $60.99M | $10.37M | -$31.99M | $32.76M | $21.39M |
| Capital Expenditure | -$67.05M | -$64.03M | -$53.67M | -$60.18M | -$48.51M | -$20.07M | -$32.63M |
| Free Cash Flow | $43.74M | $34.71M | $7.32M | -$49.81M | -$80.51M | $12.69M | -$11.24M |
| Cash at Beginning | $254.16M | $216.89M | $208.59M | $256.42M | $314.08M | $55.42M | $149.79M |
| Cash at End | $286.36M | $254.16M | $216.89M | $208.59M | $256.42M | $314.08M | $55.42M |