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Stocks · Health care · Ophthalmic Goods

Warby Parker Inc.

WRBY Clue Score54
United States Fiscal year ends December CIK 0001504776
$25.30 +1.40% Close, 9 Oct 2026
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Price $25.30 −50.85% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 29 Sep 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue370.5Operating income−1.7Net income0.0EPS, diluted−1.10Fiscal year 2020Revenue393.7 +6.3%Operating income−55.6Net income−55.9EPS, diluted−1.05Fiscal year 2021Revenue540.8 +37.4%Operating income−143.7Net income−144.3EPS, diluted−2.21Fiscal year 2022Revenue598.1 +10.6%Operating income−111.2Net income−110.4EPS, diluted−0.96Fiscal year 2023Revenue669.8 +12.0%Operating income−72.0Net income−63.2EPS, diluted−0.54Fiscal year 2024Revenue771.3 +15.2%Operating income−30.1Net income−20.4EPS, diluted−0.17Fiscal year 2025Revenue871.9 +13.0%Operating income−5.3Net income1.6EPS, diluted0.01
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 370.5 393.7 540.8 598.1 669.8 771.3 871.9
Growth +6.3% +37.4% +10.6% +12.0% +15.2% +13.0%
Operating income −1.7 −55.6 −143.7 −111.2 −72.0 −30.1 −5.3
Net income 0.0 −55.9 −144.3 −110.4 −63.2 −20.4 1.6
Growth
EPS, diluted −1.10 −1.05 −2.21 −0.96 −0.54 −0.17 0.01

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2019Gross margin60.2%Operating margin−0.4%Net margin0.0%Free cash flow margin−3.0%Fiscal year 2020Gross margin58.9%Operating margin−14.1%Net margin−14.2%Free cash flow margin3.2%Fiscal year 2021Gross margin58.8%Operating margin−26.6%Net margin−26.7%Free cash flow margin−14.9%Fiscal year 2022Gross margin57.0%Operating margin−18.6%Net margin−18.5%Free cash flow margin−8.3%Fiscal year 2023Gross margin54.5%Operating margin−10.7%Net margin−9.4%Free cash flow margin1.1%Fiscal year 2024Gross margin55.3%Operating margin−3.9%Net margin−2.6%Free cash flow margin4.5%Fiscal year 2025Gross margin54.0%Operating margin−0.6%Net margin0.2%Free cash flow margin5.0%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 60.2% 58.9% 58.8% 57.0% 54.5% 55.3% 54.0%
Operating margin −0.4% −14.1% −26.6% −18.6% −10.7% −3.9% −0.6%
Net margin 0.0% −14.2% −26.7% −18.5% −9.4% −2.6% 0.2%
Free cash flow margin −3.0% 3.2% −14.9% −8.3% 1.1% 4.5% 5.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow21.4Capital expenditure−32.6Free cash flow−11.2Buybacks−79.5Fiscal year 2020Operating cash flow32.8Capital expenditure−20.1Free cash flow12.7Buybacks0.0Fiscal year 2021Operating cash flow−32.0Capital expenditure−48.5Free cash flow−80.5 −734.5%Buybacks−8.1Fiscal year 2022Operating cash flow10.4Capital expenditure−60.2Free cash flow−49.8Buybacks0.0Fiscal year 2023Operating cash flow61.0Capital expenditure−53.7Free cash flow7.3Buybacks0.0Fiscal year 2024Operating cash flow98.7Capital expenditure−64.0Free cash flow34.7 +374.2%Fiscal year 2025Operating cash flow110.8Capital expenditure−67.0Free cash flow43.7 +26.0%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 21.4 32.8 −32.0 10.4 61.0 98.7 110.8
Capital expenditure −32.6 −20.1 −48.5 −60.2 −53.7 −64.0 −67.0
Free cash flow −11.2 12.7 −80.5 −49.8 7.3 34.7 43.7
Growth −734.5% +374.2% +26.0%
Buybacks −79.5 0.0 −8.1 0.0 0.0 n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2019Cash55.4Shareholders’ equity−189.5Fiscal year 2020Cash314.1Shareholders’ equity−198.1Fiscal year 2021Cash256.4Shareholders’ equity286.0Fiscal year 2022Cash208.6Shareholders’ equity286.6Fiscal year 2023Cash216.9Shareholders’ equity301.8Fiscal year 2024Cash254.2Shareholders’ equity340.1Fiscal year 2025Cash286.4Shareholders’ equity367.7
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 55.4 314.1 256.4 208.6 216.9 254.2 286.4
Shareholders’ equity −189.5 −198.1 286.0 286.6 301.8 340.1 367.7

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
60.2% 58.9% 58.8% 57.0% 54.5% 55.3% 54.0%
−0.4% −14.1% −26.6% −18.6% −10.7% −3.9% −0.6%
0.1% −14.2% −26.6% −18.4% −9.4% −2.5% 0.3%
0.0% −14.2% −26.7% −18.5% −9.4% −2.6% 0.2%
−3.0% 3.2% −14.9% −8.3% 1.1% 4.5% 5.0%
Spending
60.7% 73.0% 85.3% 75.6% 65.3% 59.2% 54.6%
8.8% 5.1% 9.0% 10.1% 8.0% 8.3% 7.7%
100.0% n/a n/a n/a n/a n/a 46.1%
Returns
n/a n/a −50.4% −38.5% −20.9% −6.0% 0.4%
n/a −12.6% −32.7% −19.4% −10.9% −3.0% 0.2%
Balance and payout
n/a 30.7% 35.1% 49.6% 48.0% 49.7% 49.0%
n/a 0.0% n/a n/a 0.0% n/a n/a