Warby Parker Inc.WRBYEarnings & Financial Report
Warby Parker Inc. is an American eyewear brand and retailer of prescription glasses, contact lenses, and sunglasses, based in New York City. It also offers eye exams. Originally founded in 2010 as an online-only retailer, the company now generates about two-thirds of its revenue from its 276 physical retail stores, 271 of which are in the U.S. and 5 of which are in Canada. The company intends to operate 900 stores. The company has 2.28 million customers; average order value is $263.
Revenue
$223.8M
Gross Profit
$126.0M
Operating Profit
$2.5M
Net Profit
$3.5M
Gross Margin
56.3%
Operating Margin
1.1%
Net Margin
1.6%
YoY Growth
11.9%
EPS
$0.03
Warby Parker Inc. Q1 FY2025 Financial Summary
Warby Parker Inc. reported revenue of $223.8M (up 11.9% YoY) for Q1 FY2025, with a net profit of $3.5M (up 229.6% YoY) (1.6% margin). Cost of goods sold was $97.8M, operating expenses totaled $123.5M.
Key Financial Metrics
| Total Revenue | $223.8M |
|---|---|
| Net Profit | $3.5M |
| Gross Margin | 56.3% |
| Operating Margin | 1.1% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
Warby Parker Inc. Q1 FY2025 revenue of $223.8M breaks down across 2 segments, led by Eyewear Products at $210.8M (94.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Eyewear Products | $210.8M | 94.2% |
| Services & Other | $12.9M | 5.8% |
Warby Parker Inc. Revenue by Segment — Quarterly Trend
Warby Parker Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Eyewear Products and Services & Other) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Eyewear Products | — | $207.2M | $201.5M | $210.8M |
| Services & Other | — | $14.5M | $13.0M | $12.9M |
Warby Parker Inc. Annual Revenue by Year
Warby Parker Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $871.9M).
| Year | Annual Revenue |
|---|---|
| 2025 | $871.9M |
| 2024 | $771.3M |
Warby Parker Inc. Quarterly Revenue & Net Profit History
Warby Parker Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $212.0M | +11.2% | $-6.0M | -2.8% |
| Q3 FY2025 | $221.7M | +15.2% | $5.9M | 2.6% |
| Q2 FY2025 | $214.5M | +13.9% | $-1.8M | -0.8% |
| Q1 FY2025 | $223.8M | +11.9% | $3.5M | 1.6% |
| Q4 FY2024 | $190.6M | +17.8% | $-6.9M | -3.6% |
| Q3 FY2024 | $192.4M | +13.3% | $-4.1M | -2.1% |
| Q2 FY2024 | $188.2M | +13.3% | $-6.8M | -3.6% |
| Q1 FY2024 | $200.0M | +16.3% | $-2.7M | -1.3% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $200.0M | $188.2M | $192.4M | $190.6M | $223.8M | $214.5M | $221.7M | $212.0M |
| YoY Growth | 16.3% | 13.3% | 13.3% | 17.8% | 11.9% | 13.9% | 15.2% | 11.2% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $592.9M | $618.2M | $638.0M | $676.5M | $682.8M | $701.9M | $706.9M | $720.9M |
| Liabilities | $276.7M | $288.8M | $301.2M | $336.4M | $328.7M | $340.4M | $337.3M | $353.2M |
| Equity | $316.2M | $329.4M | $336.8M | $340.1M | $354.1M | $361.5M | $369.6M | $367.7M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $19.9M | $31.6M | $27.3M | $19.9M | $29.4M | $40.2M | $18.0M | $23.3M |