Warby Parker Inc.

WRBY: 10-Q · periodic report

Warby Parker's Q2 2026 net revenue rose 9.8% year over year to $235.5 million, and the company swung to GAAP net income of $4.6 million ($0.04 diluted EPS) from a $1.8 million loss a year earlier. Adjusted EBITDA reached $32.9 million at a 14.0% margin, up from $25.0 million and 11.7%. Gross margin expanded 490 basis points to 57.9%, but roughly 500 basis points of that came from one-time IEEPA tariff refunds — the company recognized $14.4 million of probable refunds and has since collected the full remaining receivable. Active Customers grew 4.1% to 2.71 million and the fleet reached 352 stores after 15 net new openings in the quarter. The Google AI glasses partnership advanced: Google has committed up to $75 million for product development and commercialization plus up to $75 million of equity investment at Warby Parker's option, with $9.7 million of reimbursable costs incurred to date offsetting SG&A. The balance sheet remains strong with $292.7 million in cash and an undrawn $120 million JPMorgan revolver, while the $100 million buyback authorized in February 2026 went unused. Watch items include a $677.8 million accumulated deficit, H1 operating cash flow down to $54.1 million from $69.6 million, and continued e-commerce revenue decline in both periods shown.

SEC 10-Q•2mo ago

Warby Parker Announces Second Quarter 2026 Results

Warby Parker delivered Q2 revenue of $235.5 million, up 9.8% year-over-year, and achieved net income of $4.6 million, swinging from a loss in the prior year. Adjusted EBITDA margin expanded to 14.0%, aided in part by an $11.8 million tariff refund benefit, while free cash flow totaled $6.8 million. The company reaffirmed its 2026 outlook and confirmed the upcoming launch of its Intelligent Eyewear collection developed in partnership with Google and Samsung.

•2mo ago

Warby Parker Announces First Quarter 2026 Results

Warby Parker reported Q1 revenue of $242.4 million, up 8.3% year-over-year, beating internal guidance on the back of 4.8% active customer growth. Adjusted EBITDA came in at $29.6 million, exceeding guidance, while the company generated $8.4 million in free cash flow to end the quarter with $288.2 million in cash. Management reaffirmed full-year 2026 guidance targeting 10% to 12% revenue growth and highlighted progress toward the upcoming launch of 'intelligent AI glasses.'

•5mo ago

Warby Parker Launches Warby Parker Sport, Expanding into the Performance Eyewear Category

Warby Parker launched Warby Parker Sport, a new performance eyewear category designed to merge technical functionality with the brand's signature aesthetic. The collection features five styles crafted in Italy with flexible nylon, incorporating advanced polarized lenses that reduce horizontal glare by up to 55%. Priced starting at $195, the product is available online and in the company's 323 retail locations, extending the brand's reach into the active lifestyle market.

•5mo ago