Warby Parker Inc. cash flow statement

In fiscal 2025, Warby Parker Inc.'s operations generated $111m of cash; it spent $67.0m on capital projects, leaving free cash flow of $43.7m.

Cash flow statement

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

Warby Parker Inc.: cash flow statement, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash from operations	21	33	−32	10	61	99	111	95
Depreciation and amortisation	15	18	22	32	39	46	50	53
Stock-based pay	8	45	107	98	71	47	35	35
Capital spending	33	20	49	60	54	64	67	74
Free cash flow	−11	13	−81	−50	7	35	44	22
Free cash flow after stock pay	−20	−32	−188	−148	−63	−13	9	−13
Share buybacks	79	0	8	0	0	—	—	—

US$ millions unless shown otherwise. Fiscal quarters.

Warby Parker Inc.: cash flow statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Cash from operations	27	20	29	40	18	23	25	30
Depreciation and amortisation	12	12	12	12	13	13	14	14
Stock-based pay	11	9	12	9	7	6	11	10
Capital spending	14	18	16	16	19	15	16	23
Free cash flow	13	2	13	24	−2	8	8	7
Free cash flow after stock pay	2	−6	1	15	−9	2	−3	−3

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Warby Parker Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Warby Parker Inc.