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NYSE · Healthcare

Warby Parker Inc. (WRBY)

As-reported financials and SEC filings for Warby Parker Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Warby Parker Inc.

Warby Parker Inc. designs and sells eyewear directly to consumers through an integrated omnichannel platform that includes digital commerce and retail stores. The company offers prescription glasses, sunglasses, contact lenses, eye exams, and lens enhancements, serving customers seeking accessible, designer-quality vision care products. Warby Parker also operates a social impact program that donates a pair of glasses for every pair sold.

Snapshot

Revenue
$871.9M
Revenue growth (YoY)
13.0%
Net income
$1.6M
Diluted EPS
$0.01
Gross margin
54.0%
Operating margin
-0.6%
Net margin
0.2%
FCF margin
5.0%
ROE
0.4%
net income / fiscal-year-end equity
P/E
442.0×
trailing when available, otherwise FY EPS
Market cap
$3.28B
Long-term debt / equity
—
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Warby Parker

  • Revenue grew 13.0% to $872M in FY2025, slower than the 15.2% the year before.
  • Operating margin is -0.6% in FY2025, +26.0 pp against -26.6% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $236M, up 9.8% from Q2 FY2025.
  • Free cash flow was $44M in FY2025, 5.0% of revenue.
  • Net income turned positive at $2M in FY2025, from a $20M loss in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Warby Parker’s fundamentals sit among the 570 Healthcare companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin54.0%
43rd percentile of 290
Operating margin-0.6%
48th percentile of 410
Net margin0.2%
52nd percentile of 429
FCF margin5.0%
56th percentile of 385
Revenue growth (YoY)+13.0%
56th percentile of 552
ROE0.4%
62nd percentile of 481
P/E442.0×
99th percentile of 183
Short interest4.37d
47th percentile of 568

Warby Parker’s P/E of 442.0 ranks in the 99th percentile of the 183 peers with a meaningful P/E.

No reported insider purchases (code P) in the last 90 days; 2 insider sales totaling $3.2M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+6 quant / multi-strat
Initiated / added
3
0 new, 3 added
Reduced / exited
6
4 trimmed, 2 exited
Combined position
$85.5M
reported long value
InvestorAs ofPosition valueSharesChange
Millennium ManagementquantQ2 2026$25.1M828.8KAdded
AQR Capital ManagementquantQ2 2026$23.2M765.1KReduced
Point72 Asset ManagementquantQ2 2026$10.2M336.1KAdded
Citadel AdvisorsquantQ2 2026$10.1M334.2KReduced
First Eagle Investment ManagementQ2 2026$8.7M288.0KAdded
Renaissance TechnologiesquantQ2 2026$6.4M209.3KReduced
Two Sigma InvestmentsquantQ2 2026$1.7M55.3KReduced

No longer held by: Bridgewater Associates (as of Q2 2026), D. E. Shaw (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
2
$3.2M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-10-01
filed 2026-10-02
Neil Harris BlumenthalCo-Chief Executive OfficerSell100.0K$27.69$2.8M
2026-10-01
filed 2026-10-02
Jeffrey Jacob RaiderDirectorSell15.0K$27.70$416K
2026-07-06
filed 2026-07-08
David Abraham GilboaCo-Chief Executive OfficerSell54.3K$29.84$1.6M
2026-07-06
filed 2026-07-08
Neil Harris BlumenthalCo-Chief Executive OfficerSell9.2K$29.99$276K
2026-07-01
filed 2026-07-02
David Abraham GilboaCo-Chief Executive OfficerSell242.2K$29.69$7.2M
2026-07-01
filed 2026-07-02
Neil Harris BlumenthalCo-Chief Executive OfficerSell217.7K$29.61$6.4M
2026-07-01
filed 2026-07-02
Jeffrey Jacob RaiderDirectorSell22.5K$29.72$669K
2026-06-29
filed 2026-07-01
Neil Harris BlumenthalCo-Chief Executive OfficerSell36.3K$30.04$1.1M
2026-06-16
filed 2026-06-18
Teresa BriggsDirectorSell3.1K$25.41$79K
2026-06-16
filed 2026-06-18
Teresa BriggsDirectorSell1.9K$26.79$51K
2026-06-12
Youngme E. MoonDirectorSell10.0K$26.53$265K
2026-05-19
filed 2026-05-21
Neil Harris BlumenthalCo-Chief Executive OfficerSell63.0K$30.03$1.9M

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
18.2M
settled 2026-09-30
Change vs prior
+3.3%
vs previous settlement
Days to cover
4.37
at avg daily volume
Avg daily volume
4.2M
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-3018.2M+3.3%4.37
2026-09-1517.6M+8.1%6.81
2026-08-3116.3M-10.1%7.99
2026-08-1418.1M+4.8%5.49
2026-07-3117.3M-3.2%7.22
2026-07-1517.9M+0.8%7.60
2026-06-3017.7M+23.0%3.55
2026-06-1514.4M+17.8%5.08

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$871.9M$771.3M$669.8M$598.1M$540.8M
Gross profit
Operating income$-5.3M$-30.1M$-72.0M$-111.2M$-143.7M
Net income$1.6M$-20.4M$-63.2M$-110.4M$-144.3M
Diluted EPS$0.01$-0.17$-0.54$-0.96$-2.21

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$286.4M$254.2M$216.9M$208.6M$256.4M
Current assets$352.4M$326.0M$298.6M$294.6M$328.0M
Total assets$720.9M$676.5M$580.3M$568.7M$440.6M
Current liabilities$150.1M$130.4M$127.1M$129.6M$118.1M
Long-term debt—————
Total liabilities$353.2M$336.4M$278.5M$282.1M$154.6M
Total equity$367.7M$340.1M$301.8M$286.6M$286.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$110.8M$98.7M$61.0M$10.4M$-32.0M
Capital expenditure$67.0M$64.0M$53.7M$60.2M$48.5M
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$235.5M9.8%$4.6M$0.04
Q1 FY2026$242.4M8.3%$3.2M$0.03
Q4 FY202511.2%
Q3 FY2025$221.7M15.2%$5.9M$0.05
Q2 FY2025$214.5M13.9%$-1.8M$-0.01
Q1 FY2025$223.8M11.9%$3.5M$0.03
Q4 FY202417.8%
Q3 FY2024$192.4M13.3%$-4.1M$-0.03

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNYSE
SectorHealthcare
SIC industryOphthalmic Goods
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2010
SEC CIK1504776

Selected SEC filings

10-K2026-02-26
View on EDGAR →
10-Q2026-08-06
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
8-K2026-08-06
View on EDGAR →
8-K2026-06-12
View on EDGAR →
8-K2026-05-07
View on EDGAR →
8-K2026-02-26
View on EDGAR →

Largest Healthcare peers

All Healthcare companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.