Warby Parker Announces Third Quarter 2026 Results
Warby Parker delivered Q3 2026 revenue of $244.7 million, up 10.4% year-over-year, with gross margin improving to 54.4% from 54.1%. Net income slipped slightly to $5.6 million while Adjusted EBITDA rose to $28.6 million, exceeding guidance, and Active Customers grew 3.0% to 2.74 million on higher revenue per customer of $342. Free Cash Flow was negative $(2.0) million due to investments in the upcoming Intelligent Eyewear launch, which opens for pre-orders November 12 with deliveries during the holiday season.
Key figures
- Eps
- 0.04
- Revenue
- 244735000
- Guidance
- FY26 net revenue $966-$976M (narrowed, ~11-12% growth); Adjusted EBITDA $117-$119M reaffirmed (12.2% margin, +130bps YoY at midpoint); 50 new store openings
- Revenue Yoy
- 10.4%
- Sga
- 129600000
- Net income
- 5600000
- Store count
- 364
- Gross margin
- 54.4%
- Net new stores
- 12
- Adjusted ebitda
- 28554000
- Active customers
- 2.74 million (+3.0% TTM)
- Operating cash flow
- 24700000
- Cash and equivalents
- 287900000
- Adjusted ebitda margin
- 11.7%
- Average revenue per customer
- $342 (+6.7% YoY)
AI analysis
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