Warby Parker Inc. (WRBY) Form 10-Q — Aug 6, 2026
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.
Key figures
- Eps
- 0.04
- Revenue
- 235511000
- Net Income
- 4644000
- Total Debt
- $0 drawn under $120.0 million 2024 revolving credit facility; $4.3 million letters of credit outstanding
- Revenue Yoy
- 9.8% (Q2 2026 vs. Q2 2025); 9.1% for H1 2026
- Total Assets
- 772315000
- Cash Position
- 292674000
- Shares Outstanding
- 123,608,054 total as of August 4, 2026 (108,239,371 Class A + 15,368,683 Class B)
- H1 Eps
- 0.06
- H1 Revenue
- 477958000
- Store Count
- 352
- H1 Net Income
- 7821000
- Q2 Gross Margin
- 57.9% (up 490 bps YoY from 53.0%)
- Net New Stores Q2
- 15
- Active Customers
- 2709000
- H1 Adjusted Ebitda
- 62449000
- Q2 Adjusted Ebitda
- 32882000
- Accumulated Deficit
- 677759000
- H1 Operating Cash Flow
- 54129000
- Active Customer Growth
- 4.1%
- Litigation Settlement
- 1950000
- Q2 Adjusted Ebitda Margin
- 14.0%
- Google Development Commitment
- up to $75 million
- Ieepa Tariff Refunds Recognized
- 14400000
- Share Repurchase Authorization
- 100000000
- Cogs Benefit From Tariff Refunds Q2
- 11800000
- Google Equity Investment Commitment
- up to $75 million
Price after filing
Close on the filing date to close N calendar days later (from $29.92). Historical, not a forecast.
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