Warby Parker Inc. (WRBY) Income Statement
WRBY 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsWRBY revenue and net income
Where WRBY's revenue goes
2025Each bar shows an amount and its share of revenue. WRBY kept 0.2% of revenue as net income.
WRBY profit margins
WRBY growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +13.0% | +13.4% | +17.2% | — |
| Gross profit | +10.2% | +11.3% | +15.2% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | +26.3% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
WRBY quarterly EPS vs estimates
Warby Parker beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.03).
WRBY income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $871.9M | $771.3M | $669.8M | $598.1M | $540.8M | $393.7M | $370.5M |
| Cost of revenue | $401.3M | $344.5M | $304.5M | $257.1M | $223.0M | $161.8M | $147.4M |
| Gross profit | $470.6M | $426.8M | $365.2M | $341.1M | $317.7M | $231.9M | $223.1M |
| Sales, general & admin | $475.9M | $440.1M | $421.6M | $452.3M | $461.4M | $287.6M | $224.8M |
| Total operating expenses | $475.9M | $456.9M | $437.2M | $452.3M | $461.4M | $287.6M | $224.8M |
| Operating income | −$5.3M | −$30.1M | −$72.0M | −$111.2M | −$143.7M | −$55.6M | −$1.7M |
| Interest expense | — | — | — | $1.3M | $347,000 | $97,000 | $1.9M |
| Income before taxes | $3.0M | −$19.5M | −$62.8M | −$109.9M | −$144.0M | −$55.7M | $276,000 |
| Income taxes | $1.4M | $875,000 | $433,000 | $497,000 | $263,000 | $190,000 | $276,000 |
| Net income | $1.6M | −$20.4M | −$63.2M | −$110.4M | −$144.3M | −$55.9M | −$57.5M |
| EBITDA | $53.3M | $26.4M | −$24.2M | −$78.0M | −$122.0M | −$37.3M | $12.9M |
| EPS (diluted) | $0.24 | $0.19 | $0.10 | −$0.21 | −$0.36 | −$0.28 | −$0.10 |
| Gross margin | 54.0% | 55.3% | 54.5% | 57.0% | 58.8% | 58.9% | 60.2% |
| Operating margin | −0.6% | −3.9% | −10.7% | −18.6% | −26.6% | −14.1% | −0.4% |
| Net margin | 0.2% | −2.6% | −9.4% | −18.5% | −26.7% | −14.2% | −15.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $235.5M | $242.4M | $212.0M | $221.7M | $214.5M | $223.8M | $190.6M | $192.4M | $188.2M | $200.0M | $161.9M | $169.8M |
| Cost of revenue | $99.1M | $111.4M | $100.9M | $101.7M | $100.9M | $97.8M | $87.5M | $87.6M | $86.6M | $90.0M | $74.8M | $77.1M |
| Gross profit | $136.5M | $131.0M | $111.0M | $119.9M | $113.6M | $126.0M | $103.1M | $104.9M | $101.6M | $110.0M | $87.1M | $92.7M |
| Sales, general & admin | $129.4M | $129.4M | $128.6M | $112.9M | $114.4M | $120.0M | $112.5M | $111.5M | $114.3M | $118.6M | $108.6M | $112.5M |
| Total operating expenses | $133.3M | $129.4M | $117.9M | $116.4M | $118.1M | $123.5M | $112.5M | $111.5M | $110.6M | $115.1M | $108.6M | $112.5M |
| Operating income | $3.2M | $1.7M | −$6.9M | $3.6M | −$4.5M | $2.5M | −$9.4M | −$6.6M | −$9.0M | −$5.1M | −$21.6M | −$19.8M |
| Interest income | — | $2.3M | — | — | — | $2.5M | — | — | — | $2.6M | — | $2.7M |
| Income before taxes | $5.3M | $4.0M | −$5.1M | $5.7M | −$2.5M | $4.9M | −$6.8M | −$3.8M | −$6.4M | −$2.6M | −$19.2M | −$17.1M |
| Income taxes | $607,000 | $821,000 | $862,000 | −$125,000 | −$789,000 | $1.5M | $93,000 | $301,000 | $373,000 | $108,000 | −$105,000 | $301,000 |
| Net income | $4.6M | $3.2M | −$6.0M | $5.9M | −$1.8M | $3.5M | −$6.9M | −$4.1M | −$6.8M | −$2.7M | −$19.0M | −$17.4M |
| EBITDA | $19.3M | $17.8M | $8.0M | $18.3M | $9.9M | $17.1M | $5.5M | $8.1M | $4.7M | $8.0M | −$8.8M | −$7.4M |
| EPS (diluted) | $0.05 | $0.11 | −$0.04 | $0.12 | $0.02 | $0.14 | −$0.06 | $0.06 | $0.08 | $0.11 | −$0.01 | $0.01 |
| Gross margin | 57.9% | 54.0% | 52.4% | 54.1% | 53.0% | 56.3% | 54.1% | 54.5% | 54.0% | 55.0% | 53.8% | 54.6% |
| Operating margin | 1.3% | 0.7% | −3.2% | 1.6% | −2.1% | 1.1% | −4.9% | −3.4% | −4.8% | −2.6% | −13.3% | −11.6% |
| Net margin | 2.0% | 1.3% | −2.8% | 2.6% | −0.8% | 1.6% | −3.6% | −2.1% | −3.6% | −1.3% | −11.8% | −10.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in WRBY's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
WRBY financial results
In fiscal year 2025 (ended December 31, 2025), Warby Parker reported revenue of $871.9 million, up 13.0% from the year before. It had net income of $1.6 million, a net profit margin of 0.2%. Diluted earnings per share came to $0.24. Over five years revenue grew at an average rate of 17.2% a year.
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WRBY income statement FAQ
What is Warby Parker's annual revenue?
Warby Parker reported total revenue of $871.9 million for fiscal year 2025, which ended on December 31, 2025. That was up 13.0% from $771.3 million the previous year.
Is Warby Parker profitable?
Yes. Warby Parker reported net income of $1.6 million in fiscal 2025, a net profit margin of 0.2%; its operating margin was −0.6%.
What is Warby Parker's gross margin?
Warby Parker's gross margin was 54.0% in fiscal 2025: for every $100 of revenue, Warby Parker kept $54 after the direct cost of its products and services.
How fast is Warby Parker growing?
Revenue grew 17.2% a year on average over the last five fiscal years, from $393.7 million to $871.9 million.
What are Warby Parker's earnings per share?
Warby Parker earned $0.24 per diluted share in fiscal 2025, compared with $0.19 a year earlier.
When will Warby Parker report its next earnings?
Warby Parker is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does Warby Parker's fiscal year end?
Warby Parker's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.