Warby Parker Inc. income statement
In fiscal 2025, Warby Parker Inc. reported revenue of $872m, up 13.0% on the year before, operating income of −$5.3m (a -0.6% margin) and net income of $1.6m, or $0.01 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 370 | 394 | 541 | 598 | 670 | 771 | 872 | 912 |
| Cost of revenue | 147 | 162 | 223 | 257 | 305 | 344 | 401 | 413 |
| Gross profit | 223 | 232 | 318 | 341 | 365 | 427 | 471 | 498 |
| Selling, general and administrative | 225 | 288 | 461 | 452 | 437 | 457 | 476 | 497 |
| Operating income | −2 | −56 | −144 | −111 | −72 | −30 | −5 | 2 |
| Income before tax | 0 | −56 | −144 | −110 | −63 | −20 | 3 | 10 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 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 |
| Diluted shares (average) | 52m | 53m | 71m | 115m | 117m | 120m | 125m | 126m |
| EBITDA | 13 | −38 | −122 | −79 | −33 | 16 | 45 | 55 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 192 | 191 | 224 | 214 | 222 | 212 | 242 | 236 |
| Cost of revenue | 88 | 88 | 98 | 101 | 102 | 101 | 111 | 99 |
| Gross profit | 105 | 103 | 126 | 114 | 120 | 111 | 131 | 136 |
| Selling, general and administrative | 111 | 113 | 124 | 118 | 116 | 118 | 129 | 133 |
| Operating income | −7 | −9 | 2 | −5 | 4 | −7 | 2 | 3 |
| Income before tax | −4 | −7 | 5 | −3 | 6 | −5 | 4 | 5 |
| Income tax | 0 | 0 | 1 | −1 | −0 | 1 | 1 | 1 |
| Net income | −4 | −7 | 3 | −2 | 6 | −6 | 3 | 5 |
| Diluted EPS | −$0.03 | −$0.06 | $0.03 | −$0.01 | $0.05 | −$0.05 | $0.03 | $0.04 |
| EBITDA | 5 | 3 | 15 | 8 | 16 | 6 | 15 | 17 |
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