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Warby Parker Inc. (WRBY) stock

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NYSE: WRBY NYSE Other Specialty Retail Next results ~November 5, 2026

C Fundamentals grade

Warby Parker Inc. is a US-listed company in the other specialty retail industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$6.7

Valuation models combined (3)

Base case. Range ~$5.5–$7.5. Weighted average of 3 models (growth cash-flow model, forward price-to-earnings vs peers, revenue-to-maturity model), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Warby Parker Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 7 selling0 purchases and 35 sales by directors and officers, last 12 monthsInsider trades
  • Funds186 adding, 136 cuttingOf 55 active managers that changed their stake, 22 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Warby Parker files

Where Warby Parker stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $912m, up 11.0% on a year earlier, slower than the 12.0% growth a quarter earlier. Free-cash-flow margin fell to 2.4% from 6.4% a year earlier. Operating margin widened to 0.2% from -2.2%. The diluted share count is up 3.1% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 2 financial-health checks. Our revenue-to-maturity cash-flow model value is $5.46 a share, against a share price of $24.76.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Warby Parker Inc.'s trailing-twelve-month revenue grew 11.0% year on year, with a free-cash-flow margin of 2.4%. Where it lags: stock pay as % of revenue of 3.8% ranks 29 of 30 other specialty retail companies we cover.

Current signal Revenue growth decelerating: TTM revenue growth slowed to 11.0% (-1.0pp vs the prior quarter), the 3rd consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Net cash. Cash exceeds long-term debt by $0.3bn.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Share dilution. Diluted shares rose 3.1% in a year.
  • High earnings multiple. The shares trade at 389 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 77% and a beta of 2.1 against the S&P 500.
  • Insiders selling. 7 insiders sold $50M of stock over the past 365 days and none bought (91% under pre-set trading plans).
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 3.8% ranks 29 of 30 other specialty retail companies we cover (median 0.7%).

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$0.15 against an average estimate of $0.11: beat by 30.0%
Revenue
$236m, up 9.8% on a year earlier
Share reaction
-9.6% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Next report
November 5, 2026; average EPS estimate $0.09

Warby Parker's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-3.0%
  • 1 week-5.6%
  • 1 month-11.7%
  • This year+9.5%
  • 1 year+21.8%
  • 5 years-56.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$912M
Operating margin
0.2%
Net margin
0.8%
EPS (TTM, diluted)
$0.06

Growth

Revenue growth
+11.0%
Change in growth rate
−1.0 pts
Share count change
+3.1%

Cash

Free cash flow (TTM)
$21.7M
FCF margin
2.4%
Stock pay % of revenue
3.8%

Earnings

Last results
August 6, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Insider trade
  2. Results
  3. Insider trade

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Warby Parker Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value Warby Parker Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10.2%: the 10-year Treasury yield (4.9%) plus a beta of 1.17 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$7.0 ~$5.3–$8.3 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$7.5 ~$5.4–$11 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$2.4 ~$4.3–$6.6 Left out: out of range vs price (0.10x)
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$5.5 ~$4.8–$6.3 Included
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$6.7 ~$5.5–$7.5 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Warby Parker Inc. with Other Specialty Retail in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20212022202320242025Now
Share price$46.56$13.49$14.10$24.21$21.79$23.86
Market value$3.3bn$1.6bn$1.7bn$2.9bn$2.7bn$3.0bn
+ Net debt (− = net cash)−$256m−$209m−$217m−$254m−$286m−$293m
Enterprise value$3.1bn$1.3bn$1.4bn$2.7bn$2.4bn$2.7bn
Multiples
Price / sales 6.1x2.6x2.5x3.8x3.1x3.3x
Price / earnings ————n/mn/m
Price / free cash flow ——n/m84.0x62.3x138.4x
EV / EBITDA ———168.9x54.3x49.4x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

40 /100

Weak moat

How hard Warby Parker's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median -6.9% of total assets over 5 years.

  • Pricing power 19 / 20

    Gross margin has been a median 55.4%, moving by 1.9 percentage points (standard deviation) across 6 years.

  • Durability 10 / 20

    Operating margin has been a median -9.2%; its worst year was -35.5%.

  • Cash conversion 7 / 20

    Free cash flow was positive in 3 of 5 years, at a median 2.4% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (45 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, before the open. Analysts expect revenue of $245m and EPS of $0.09 (range $0.08 to $0.12) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.42 +97% $970m +11%
Next $0.61 +47% $1.1bn +17%

Next year's EPS estimate has moved −6.6% in 90 days, across 9 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −10.4% on 90 days ago. In the last 30 days, 2 analysts raised Warby Parker Inc.'s forecast and 3 cut it.

Consensus EPS forecast Warby Parker Inc., last 90 days
$0.40 $0.50 $0.60 $0.70 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.47 Current fiscal year, 60 days ago: $0.42 Current fiscal year, 30 days ago: $0.42 Current fiscal year, 7 days ago: $0.42 Current fiscal year, Now: $0.42 $0.42 Next fiscal year, 90 days ago: $0.66 Next fiscal year, 60 days ago: $0.61 Next fiscal year, 30 days ago: $0.61 Next fiscal year, 7 days ago: $0.61 Next fiscal year, Now: $0.61 $0.61

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.47$0.66
60 days ago $0.42$0.61
30 days ago $0.42$0.61
7 days ago $0.42$0.61
Now $0.42$0.61

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.11 $0.15 +30.0%
Mar 2026 $0.11 $0.11 +3.8%
Dec 2025 $0.05 $0.02 −58.3%
Sept 2025 $0.09 $0.12 +38.1%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

13 analysts, Oct 2026
Buy1077%
Hold323%
Sell00%

Monthly trend

  1. Oct 202628313
  2. Sep 202628414
  3. Aug 202628414
  4. Jul 202628414

Counts of recommendations published by analysts covering Warby Parker Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
23.6%
of tradable shares
Days to cover
5.88
at average volume
Short interest, 1 month
+16%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
5.6%
of shares
Employees
2,275
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +21.8%

$19.59 on October 31, 2025 to $23.86

ThenNowEffect
Revenue (last 12 months) $821m $912m +11.0%
P/S multiple 2.9x 3.3x +13.1%
Share count 122m 126m −3.0%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +74.7%

$13.66 on November 3, 2023 to $23.86

ThenNowEffect
Revenue (last 12 months) $633m $912m +43.9%
P/S multiple 2.5x 3.3x +32.0%
Share count 116m 126m −8.0%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 20222023202420252026 to date
Return
WRBY−71%+5%+72%−10%+10%
Industry peers (median)−27%+2%−23%−11%−21%
S&P 500−18%+26%+25%+18%+11%
Months that ended higher
WRBY50%50%58%67%46%
S&P 50042%67%75%75%46%
Largest fall from a high during the year
WRBY−76%−45%−28%−51%−30%
S&P 500−25%−10%−8%−19%−9%

Worst fall since September 29, 2021: 84% from November 17, 2021 to March 17, 2023. Getting back needed a 514% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$16.49 – $30.34
From 52-week high
−21.4%
vs 50-day average
−4.8%
vs 200-day average
−5.1%
Volatility (1 year)
77%
Beta vs S&P 500
2.07

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±12.6%
After a week
7 up, 5 down
typical move ±15.4%
After a month
6 up, 6 down
typical move ±17.3%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 −9.6% +0.5% −11.6% −16.8%
May 7, 2026 +34.1% +0.5% +31.2% +6.7%
February 26, 2026 +14.9% −1.0% +23.4% −6.6%
November 6, 2025 −9.6% −1.0% −9.3% +11.6%
August 7, 2025 −4.0% +0.7% +10.5% +10.1%
May 8, 2025 −2.5% +0.6% +8.7% +39.1%
February 27, 2025 +4.1% −0.1% −9.2% −21.4%
November 7, 2024 +2.8% +1.2% +12.5% +23.9%
August 8, 2024 −6.4% +2.8% +0.2% −1.1%
May 9, 2024 +18.9% +0.7% +29.7% +35.6%
February 28, 2024 −15.5% +0.2% −18.7% −9.5%
November 8, 2023 −29.0% −0.7% −20.1% −25.3%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Warby Parker Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Warby Parker Inc.
$600M $700M $800M $900M $1B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $654.4M Revenue (TTM), FY23 Q4: $669.8M Revenue (TTM), FY24 Q1: $697.8M Revenue (TTM), FY24 Q2: $719.9M Revenue (TTM), FY24 Q3: $742.5M Revenue (TTM), FY24 Q4: $771.3M Revenue (TTM), FY25 Q1: $795.1M Revenue (TTM), FY25 Q2: $821.3M Revenue (TTM), FY25 Q3: $850.6M Revenue (TTM), FY25 Q4: $871.9M Revenue (TTM), FY26 Q1: $890.6M Revenue (TTM), FY26 Q2: $911.6M $911.6M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $654.4M
FY23 Q4 $669.8M
FY24 Q1 $697.8M
FY24 Q2 $719.9M
FY24 Q3 $742.5M
FY24 Q4 $771.3M
FY25 Q1 $795.1M
FY25 Q2 $821.3M
FY25 Q3 $850.6M
FY25 Q4 $871.9M
FY26 Q1 $890.6M
FY26 Q2 $911.6M
Revenue growth, TTM YoY Warby Parker Inc.
10% 12% 14% 16% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 12.0% Revenue growth, TTM YoY, FY23 Q4: 12.0% Revenue growth, TTM YoY, FY24 Q1: 13.1% Revenue growth, TTM YoY, FY24 Q2: 13.7% Revenue growth, TTM YoY, FY24 Q3: 13.5% Revenue growth, TTM YoY, FY24 Q4: 15.2% Revenue growth, TTM YoY, FY25 Q1: 13.9% Revenue growth, TTM YoY, FY25 Q2: 14.1% Revenue growth, TTM YoY, FY25 Q3: 14.6% Revenue growth, TTM YoY, FY25 Q4: 13.0% Revenue growth, TTM YoY, FY26 Q1: 12.0% Revenue growth, TTM YoY, FY26 Q2: 11.0% 11.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 12.0%
FY23 Q4 12.0%
FY24 Q1 13.1%
FY24 Q2 13.7%
FY24 Q3 13.5%
FY24 Q4 15.2%
FY25 Q1 13.9%
FY25 Q2 14.1%
FY25 Q3 14.6%
FY25 Q4 13.0%
FY26 Q1 12.0%
FY26 Q2 11.0%
Operating margin (TTM) Warby Parker Inc.
-15% -10% -5% 0% 5% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -11.0% Operating margin (TTM), FY23 Q4: -10.7% Operating margin (TTM), FY24 Q1: -9.3% Operating margin (TTM), FY24 Q2: -7.7% Operating margin (TTM), FY24 Q3: -5.7% Operating margin (TTM), FY24 Q4: -3.9% Operating margin (TTM), FY25 Q1: -2.8% Operating margin (TTM), FY25 Q2: -2.2% Operating margin (TTM), FY25 Q3: -0.9% Operating margin (TTM), FY25 Q4: -0.6% Operating margin (TTM), FY26 Q1: -0.7% Operating margin (TTM), FY26 Q2: 0.2% 0.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -11.0%
FY23 Q4 -10.7%
FY24 Q1 -9.3%
FY24 Q2 -7.7%
FY24 Q3 -5.7%
FY24 Q4 -3.9%
FY25 Q1 -2.8%
FY25 Q2 -2.2%
FY25 Q3 -0.9%
FY25 Q4 -0.6%
FY26 Q1 -0.7%
FY26 Q2 0.2%
FCF margin (TTM) Warby Parker Inc.
0% 2% 4% 6% 8% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 2.6% FCF margin (TTM), FY23 Q4: 1.1% FCF margin (TTM), FY24 Q1: 2.4% FCF margin (TTM), FY24 Q2: 3.3% FCF margin (TTM), FY24 Q3: 4.4% FCF margin (TTM), FY24 Q4: 4.5% FCF margin (TTM), FY25 Q1: 5.3% FCF margin (TTM), FY25 Q2: 6.4% FCF margin (TTM), FY25 Q3: 4.4% FCF margin (TTM), FY25 Q4: 5.0% FCF margin (TTM), FY26 Q1: 4.4% FCF margin (TTM), FY26 Q2: 2.4% 2.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 2.6%
FY23 Q4 1.1%
FY24 Q1 2.4%
FY24 Q2 3.3%
FY24 Q3 4.4%
FY24 Q4 4.5%
FY25 Q1 5.3%
FY25 Q2 6.4%
FY25 Q3 4.4%
FY25 Q4 5.0%
FY26 Q1 4.4%
FY26 Q2 2.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 370 394 541 598 670 771 872 912
Gross profit 223 232 318 341 365 427 471 498
EBITDA 13 −38 −122 −79 −33 16 45 55
Operating income −2 −56 −144 −111 −72 −30 −5 2
Net income 0 −56 −144 −110 −63 −20 2 8
Diluted EPS −$1.10 −$1.05 −$2.21 −$0.96 −$0.54 −$0.17 $0.01 $0.06
Growth (year on year)
Revenue — +6.3% +37.4% +10.6% +12.0% +15.2% +13.0% +11.0%
EBITDA — −394.6% — — — — +185.3% +79.1%
Margins
Gross margin 60.2% 58.9% 58.8% 57.0% 54.5% 55.3% 54.0% 54.7%
EBITDA margin 3.5% −9.6% −22.6% −13.3% −5.0% 2.0% 5.2% 6.0%
Operating margin −0.4% −14.1% −26.6% −18.6% −10.7% −3.9% −0.6% 0.2%
Net margin 0.0% −14.2% −26.7% −18.5% −9.4% −2.6% 0.2% 0.8%
Free-cash-flow margin −3.0% 3.2% −14.9% −8.3% 1.1% 4.5% 5.0% 2.4%
Cash flow
Cash from operations 21 33 −32 10 61 99 111 95
Capital spending 33 20 49 60 54 64 67 74
Free cash flow −11 13 −81 −50 7 35 44 22
Stock-based pay 8 45 107 98 71 47 35 35
Free cash flow after stock pay −20 −32 −188 −148 −63 −13 9 −13
Balance sheet
Cash 55 314 256 209 217 254 286 293
Total debt 0 0 0 0 0 0 0 0
Net debt (negative = net cash) −55 −314 −256 −209 −217 −254 −286 −293
Diluted shares 52m 53m 71m 115m 117m 120m 125m 126m
Returned to shareholders
Buybacks 79 0 8 0 0 — — —
Total returned 79 0 8 0 0 — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · June 30, 2026
What it owns · $772m
Short-term assets $371mLonger-term assets $401m
What it owes, and who funded it · $772m
Short-term liabilities $163mLonger-term liabilities $217mShareholders' equity $392m
  • Short-term assets cover short-term liabilities $371m of assets due within a year against $163m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $371m short-term assets against $217m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Warby Parker Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+3.1%
year over year
Sales & admin spending
54.5%
of revenue

Competitors: side by side with peers

Closest by revenue in other specialty retail
Last 12 months unless stated WRBY REAL BWMX SPWH FLWS BBW Median
Revenue, last 12 months $912m $782m $743m $1.2bn $1.5bn $518m $1.2bn
Revenue growth, last 12 months 11.0% 18.1% −4.1% 0.8% −10.8% −0.9% 4.0%
Revenue growth, 3-year average 12.9% 11.4% — −2.6% −9.3% 2.6% 2.6%
Revenue growth, latest quarter 9.8% 18.7% — 0.6% −12.9% −7.2% 2.3%
Gross margin 54.7% 74.7% 66.6% 30.9% 38.0% 56.7% 36.5%
Operating margin 0.2% 0.4% — −2.8% −8.5% — 2.2%
Operating margin, 3-year average −3.2% −5.8% — −2.2% −6.9% — 1.5%
Net margin 0.8% −1.4% 7.4% −3.9% −9.0% 10.0% 0.8%
Cash from operations / revenue 10.5% 7.6% 15.7% 4.2% 1.2% 11.4% 5.5%
Free-cash-flow margin 2.4% 4.4% 13.0% 2.6% −0.9% 4.7% 3.0%
Free-cash-flow margin, 3-year average 4.0% 1.0% 15.6% 0.9% −0.6% 6.4% 2.7%
Stock pay / revenue 3.8% 3.6% 0.0% 0.3% 0.7% 0.5% 0.6%
Change in share count 3.1% 5.2% 0.0% 1.6% 0.2% −3.7% 0.7%

Median of all 35 companies we cover in other specialty retail. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

35 other specialty retail companies
Measure Company Peer median Rank
Revenue growth Growth 11.0% 4.0% 11 of 35
Change in growth rate Growth -1.0pp -0.2pp 25 of 35
Gross margin Profitability 54.7% 36.5% 8 of 31
Operating margin Profitability 0.2% 2.2% 21 of 33
Net margin Profitability 0.8% 0.8% 18 of 35
Free-cash-flow margin Cash generation 2.4% 3.1% 21 of 34
Stock pay as % of revenue Cash generation 3.8% 0.7% 29 of 30
Change in share count Balance sheet 3.1% 0.6% 22 of 33

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Eyewear Products $719M 82.1% ▲ 10.3%
Contacts Products $97.2M 11.1% ▲ 23.4%
Services and Other $55.7M 6.4% ▲ 37.5%
Shipping and Handling $3.7M 0.4% ▼ 2.6%

From Warby Parker Inc.'s 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$3.8B
Institutions reporting
299
Shares held vs prior quarter
▲ 15.4%
Positions opened / closed
60 / 59

Top buyers and sellers, Q2 2026: 186 institutions bought and 136 sold ; the biggest buyer was Blackrock, Inc (+8.1M shares) and the biggest seller 12 West Capital Management LP (−1.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
FMR LLC $473M 15.6M 12.5% ▲ 0.3%
Blackrock, Inc. $464M 15.3M 12.3% ▲ 110.9%
Jpmorgan Chase & Co $335M 11.1M 8.9% ▲ 10.1%
Durable Capital Partners LP $194M 6.4M 5.1% 0.0%
Vanguard Portfolio Management LLC $182M 6.0M 4.8% ▲ 12.2%
Vanguard Capital Management LLC $136M 4.5M 3.6% ▲ 1.9%
State Street Corp $127M 4.2M 3.4% ▲ 72.7%
Vaughan Nelson Investment Management, L.P. $94.3M 3.1M 2.5% ▲ 2.6%
Geode Capital Management, LLC $78M 2.6M 2.1% ▲ 8.3%
Fuller & Thaler Asset Management, Inc. $72.7M 2.4M 1.9% ▲ 3.6%
Bank Of America Corp $58.4M 1.9M 1.5% ▲ 39.7%
Nomura Asset Management International Inc. $54.4M 1.8M 1.4% ▲ 11.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Warby Parker Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $50.3M 35 trades by 7 insiders · 91% under pre-set plans
Net ▼ $50.3M net selling
Insider Date Trade Shares Price Value
Blumenthal Neil Harris Co-Chief Executive Officer October 1, 2026 Sell pre-set plan 100,000 $27.69 $2.8M
Raider Jeffrey Jacob Director October 1, 2026 Sell pre-set plan 15,000 $27.70 $415,500
Gilboa David Abraham Co-Chief Executive Officer July 6, 2026 Sell pre-set plan 54,347 $29.84 $1.6M
Blumenthal Neil Harris Co-Chief Executive Officer July 6, 2026 Sell pre-set plan 9,200 $29.99 $275,908
Raider Jeffrey Jacob Director July 1, 2026 Sell pre-set plan 22,500 $29.72 $668,700
Gilboa David Abraham Co-Chief Executive Officer July 1, 2026 Sell pre-set plan 242,221 $29.69 $7.2M
Blumenthal Neil Harris Co-Chief Executive Officer July 1, 2026 Sell pre-set plan 217,667 $29.61 $6.4M
Blumenthal Neil Harris Co-Chief Executive Officer June 29, 2026 Sell pre-set plan 36,300 $30.04 $1.1M
Briggs Teresa Director June 16, 2026 Sell pre-set plan 1,908 $26.79 $51,115
Briggs Teresa Director June 16, 2026 Sell pre-set plan 3,092 $25.41 $78,568
Moon Youngme E Director June 12, 2026 Sell 10,000 $26.53 $265,300
Blumenthal Neil Harris Co-Chief Executive Officer May 19, 2026 Sell pre-set plan 63,040 $30.03 $1.9M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • February 26, 2026
  • November 6, 2025
  • August 7, 2025
  • May 8, 2025

Recent SEC filings

Data status

When each part of this page on Warby Parker Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Warby Parker Inc. in brief

What does Warby Parker Inc. do?
Warby Parker Inc. is a US-listed company in the other specialty retail industry. Its financial year ends in December.
What is Warby Parker Inc.'s stock ticker?
Warby Parker Inc. trades under the ticker WRBY on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Warby Parker Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Warby Parker Inc. reported revenue of $912M, 11.0% higher than a year earlier, according to its SEC filings.
What is Warby Parker Inc.'s free cash flow?
Warby Parker Inc.'s free-cash-flow margin is 2.4% of revenue over the trailing twelve months, ranking 21 of the 34 other specialty retail companies we cover.
Who are Warby Parker Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are FMR LLC, Blackrock, Inc. and Jpmorgan Chase & Co. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Warby Parker Inc.'s market cap?
On November 2, 2026, Warby Parker Inc.'s market capitalisation was about $3B, with a price-to-earnings ratio of 388.7 and net debt of -$293M. Market figures come from third-party market data and may be delayed.
Who are Warby Parker Inc.'s competitors?
In our Other Specialty Retail peer group, the companies closest to Warby Parker Inc. are Therealreal, Inc., Betterware DE Mexico, S.a.p.i. DE C.v, Sportsman's Warehouse Holdings, Inc., 1 800 Flowers Com Inc and Build-a-bear Workshop Inc. The side-by-side comparison below sets their revenue, margins and growth against Warby Parker Inc.'s.
Are insiders buying or selling Warby Parker Inc. stock?
Over the last 12 months, Warby Parker Inc.'s directors and officers reported 0 open-market purchases and 35 sales on Form 4. The insider trading page charts every trade.
When is Warby Parker Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Warby Parker Inc. announces its own schedule.