Form 8-K

8-K — Warby Parker Inc.

Accession: 0001504776-26-000022

Filed: 2026-11-05

Period: 2026-11-05

CIK: 0001504776

SIC: 3851 (OPHTHALMIC GOODS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — wrby-20261105.htm (Primary)

EX-99.1 (warbyparkerincearningsrele.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: wrby-20261105.htm · Sequence: 1

wrby-20261105

FALSE000150477600015047762026-11-052026-11-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 5, 2026

Warby Parker Inc.

(Exact name of Registrant as Specified in Its Charter)

Delaware

(State or Other Jurisdiction

of Incorporation)

001-40825

(Commission

File Number)

80-0423634

(IRS Employer

Identification No.)

233 Spring Street, 6th Floor East

New York, New York

(Address of Principal Executive Offices)

10013

(Zip Code)

(646) 847-7215

(Registrant's Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Class A Common Stock, $0.0001 par value WRBY New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition

On November 5, 2026, Warby Parker Inc. (the “Company”) issued a press release announcing the Company’s financial results for the third quarter ended September 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information in this Item 2.02, including Exhibit 99.1, is furnished herewith and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No. Description

99.1

Press Release Issued by the Company dated November 5, 2026

104 Cover Page Interactive Data File (embedded within the Inline XBRL)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

WARBY PARKER INC.

Dated: November 5, 2026 By: /s/ Adrian Mitchell

Adrian Mitchell

Chief Financial Officer

EX-99.1

Filename: warbyparkerincearningsrele.htm · Sequence: 2

Document

Warby Parker Announces Third Quarter 2026 Results

NEW YORK, November 5, 2026. Warby Parker Inc. (NYSE: WRBY) (“Warby Parker” or the “Company”), a direct-to-consumer lifestyle brand focused on vision for all, today announced financial results for the third quarter ended September 30, 2026.

Highlights

•Delivered revenue of $244.7 million, up 10.4% year over year.

•Drove Active Customer growth of 3.0% to 2.74 million on a trailing 12-month basis, and Average Revenue per Customer of $342, up 6.7% year over year.

•Achieved gross margin of 54.4%, up from 54.1% in the prior year.

•Generated net income of $5.6 million and Adjusted EBITDA(1) of $28.6 million.

•Opened 12 net new stores during the quarter, ending Q3 with 364 stores.

“One week from today, on November 12, we'll begin accepting pre-orders for our first Intelligent Eyewear collection and look forward to delivering customer orders during the holiday season,” said Dave Gilboa, Co-Founder and Co-CEO of Warby Parker. “We can't wait for customers to experience these remarkable products firsthand.”

“There's a tremendous amount happening across Warby Parker, from rolling out Warby Parker Care to expanding our retail footprint to launching our first Intelligent Eyewear collection,” said Neil Blumenthal, Co-Founder and Co-CEO. “We're continuing to expand our products and services, build on the investments we've made over many years, like exams and insurance, and find new ways to serve our customers. In an uneven optical environment, we're staying focused on what we can control, while pursuing opportunities we believe can drive meaningful growth for years to come.”

Third Quarter 2026 Year-Over-Year Financial Results

•Net revenue increased $23.1 million, or 10.4%, to $244.7 million.

•Active Customers increased 3.0% to 2.74 million on a trailing 12-month basis, and Average Revenue per Customer increased 6.7% to $342.

•Gross profit was $133.2 million, or 54.4% of revenue, compared to $119.9 million, or 54.1% of revenue, in the prior year. The increase in gross margin was primarily related to leverage in glasses, driven by reduced tariffs, customer shipping savings, optical lab efficiencies, and increased penetration of progressives and other lens treatments. These benefits were partially offset by deleverage from growth in eye care and in fixed expenses related to occupancy costs as we opened 12 net new stores. Adjusted Gross Profit(1) was $133.6 million, or 54.6% of revenue, compared to $120.2 million, or 54.2% of revenue, in the prior year.

•Selling, general, and administrative expenses (“SG&A”) were $129.6 million, up $13.2 million from the prior year. As a percentage of revenue, SG&A increased by 50 basis points, primarily driven by retail compensation and corporate expenses, including higher technology costs. The increase was partially offset by lower marketing spend as a percentage of revenue. Adjusted SG&A(1) was $120.8 million,

or 49.4% of revenue, compared to $108.0 million, or 48.7% of revenue, in the prior year.

•Net income decreased $0.3 million to $5.6 million.

•Adjusted EBITDA(1) increased $2.8 million to $28.6 million and Adjusted EBITDA Margin(1) increased 10 basis points to 11.7%.

Balance Sheet and Cash Flow Highlights

•Ended the third quarter of 2026 with $287.9 million in cash and cash equivalents.

•Third quarter operating cash flow of $24.7 million and Free Cash Flow(1) of $(2.0) million, reflecting investments related to launching Intelligent Eyewear.

2026 Outlook

For the full year 2026, Warby Parker is narrowing its revenue guidance and reaffirming its Adjusted EBITDA(1) guidance as follows:

•Net revenue of $966 to $976 million, representing approximately 11% to 12% growth versus full year 2025.

•Adjusted EBITDA(1) of $117 to $119 million, which equates to an Adjusted EBITDA Margin(1) of 12.2% and 130 basis points of year-over-year expansion at the midpoint of the range.

•Guidance now includes a modest contribution from Intelligent Eyewear, along with the related launch and operating expenses.

•50 new store openings.

“We delivered double-digit revenue growth in Q3, with Adjusted EBITDA exceeding our guidance,” said Adrian Mitchell, Chief Financial Officer. “Our profitability reflects disciplined execution across the business, and we're maintaining that focus through the remainder of the year as we enter 2027 with significant financial flexibility.”

The guidance and forward-looking statements made in this press release and on the Company’s conference call are based on management's expectations as of the date of this press release.

(1) Please see the reconciliation of non-GAAP financial measures to the most comparable GAAP financial measure in the section titled “Non-GAAP Financial Measures” below.

Webcast and Conference Call

A conference call to discuss Warby Parker’s third quarter 2026 results, as well as fourth quarter and full year 2026 outlook, is scheduled for 8:00 a.m. ET on November 5, 2026. To participate, please dial (833) 461-5787 from the U.S. or (585) 542-9983 from international locations. The conference passcode is 432226894. A live webcast of the conference call will be available on the investors section of the Company’s website at investors.warbyparker.com where presentation materials will also be posted prior to the conference call. A replay will be made available online approximately two hours following the live call for a period of 90 days.

About Warby Parker

Warby Parker (NYSE: WRBY) was founded in 2010 with a mission to inspire and impact the world with vision, purpose, and style–without charging a premium for it. Headquartered in New York City, the co-founder-led lifestyle brand pioneers ideas, designs products, and develops technologies that help people see, from designer-quality prescription glasses (starting at $95) and contacts, to eye exams and vision tests available online and in its 364 retail stores across the U.S. and Canada.

Warby Parker aims to demonstrate that businesses can scale, do well, and do good in the world. Ultimately, the Company believes in vision for all, which is why for every pair of glasses or sunglasses sold, it distributes a pair to someone in need through its Buy a Pair, Give a Pair program. To date, Warby Parker has worked alongside its nonprofit partners to distribute more than 25 million glasses to people in need.

Forward-Looking Statements

This press release and the related conference call, webcast and presentation contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may relate to, but are not limited to, expectations of future operating results or financial performance; expectations regarding the growth of our business, delivering stakeholder value and growing market share; expectations regarding the development, launch and success of Intelligent Eyewear; our guidance for the quarter and year ending December 31, 2026; expectations regarding the number of new store openings during the year ending December 31, 2026; and management’s plans, priorities, initiatives and strategies. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or the negative of these words or other similar terms or expressions. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all.

Forward-looking statements are based on information available at the time those statements are made and are based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond our control, that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. These risks and uncertainties include our ability to manage our future growth effectively; our expectations regarding cost of goods sold, gross margin, channel mix, customer mix, and selling, general, and administrative expenses; potential disruptions to our supply chain; changes to U.S. or other countries' trade policies and tariff and import/export regulations; our reliance on our information technology systems and enterprise resource planning

systems for our business to effectively operate and safeguard confidential information; our ability to invest in and incorporate new technologies into our products and services; risks related to our use of artificial intelligence; our ability to engage our existing customers and obtain new customers; our ability to expand in-network access with insurance providers; planned new retail stores in 2026 and going forward; an overall decline in the health of the economy and other factors impacting consumer spending, such as recessionary conditions, inflation, infectious diseases, government instability, and geopolitical unrest; our ability to compete successfully; our ability to manage our inventory balances and shrinkage; the growth of our brand awareness; our ability to recruit and retain optometrists, opticians, and other vision care professionals; the effects of seasonal trends on our results of operations; our ability to stay in compliance with extensive laws and regulations that apply to our business and operations; our ability to adequately maintain and protect our intellectual property and proprietary rights; our reliance on third parties for our products, operations and infrastructure; our duties related to being a public benefit corporation; the ability of our Co-Founders and Co-CEOs to exercise significant influence over all matters submitted to stockholders for approval; the volatility in the trading price of our Class A common stock; the effect of our multi-class structure on the trading price of our Class A common stock; our ability to collaborate with partners with successful results; our ability to recognize the anticipated benefits from partnerships, including with Google and Samsung; the increased expenses associated with being a public company; and risks related to climate change and severe weather. Additional information regarding these and other risks and uncertainties that could cause actual results to differ materially from the Company's expectations is included in our most recent reports filed with the SEC on Form 10-K, Form 10-Q and Form 8-K, which may be obtained by visiting the SEC’s website at www.sec.gov. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.

Glossary

Active Customers is defined as unique customer accounts that have made at least one purchase in the preceding 12-month period.

Average Revenue per Customer is defined as the sum of the total net revenues in the preceding 12-month period divided by the current period Active Customers.

Non-GAAP Financial Measures

We use Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Cost of Goods Sold (“Adjusted COGS”), Adjusted Gross Margin, Adjusted Gross Profit, Adjusted Selling, General, and Administrative Expenses (“Adjusted SG&A”), and Free Cash Flow as important indicators of our operating performance. Collectively, we refer to these non-GAAP financial measures as our “Non-GAAP Measures.” The Non-GAAP Measures, when taken collectively with our GAAP results, may be helpful to investors because they provide consistency and comparability with past financial performance and assist in comparisons with other companies, some of which use similar non-GAAP financial information to supplement their GAAP results.

Adjusted EBITDA is defined as net income before interest and other income, taxes, and depreciation and amortization as further adjusted for asset impairment charges, stock-based compensation expense and related employer payroll taxes, amortization of cloud-

based software implementation costs, non-cash charitable donations, charges for certain legal matters outside the ordinary course of business, and non-recurring costs such as restructuring costs and major system implementation costs. Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by net revenue.

Adjusted COGS is defined as cost of goods sold adjusted for stock-based compensation expense and related employer payroll taxes and non-recurring costs.

Adjusted Gross Profit is defined as net revenue minus Adjusted COGS. Adjusted Gross Margin is defined as Adjusted Gross Profit divided by net revenue.

Adjusted SG&A is defined as SG&A adjusted for stock-based compensation expense and related employer payroll taxes, non-cash charitable donations, charges for certain legal matters outside the ordinary course of business, and non-recurring costs such as restructuring costs and major system implementation costs.

Free Cash Flow is defined as net cash provided by operating activities minus purchases of property and equipment.

The Non-GAAP Measures are presented for supplemental informational purposes only. A reconciliation of historical GAAP to Non-GAAP financial information is included under “Selected Financial Information” below.

We have not reconciled our Adjusted EBITDA Margin guidance to GAAP net income margin, or net margin, or Adjusted EBITDA guidance to GAAP net income because we do not provide guidance for GAAP net margin or GAAP net income due to the uncertainty and potential variability of stock-based compensation and taxes, which are reconciling items between GAAP net margin and Adjusted EBITDA Margin and GAAP net income and Adjusted EBITDA, respectively. Because such items cannot be reasonably provided without unreasonable efforts, we are unable to provide a reconciliation of the Adjusted EBITDA Margin guidance to GAAP net margin and Adjusted EBITDA guidance to GAAP net income. However, such items could have a significant impact on GAAP net margin and GAAP net income.

Selected Financial Information

Warby Parker Inc. and Subsidiaries

Condensed Consolidated Balance Sheets (Unaudited)

(Amounts in thousands, except par value)

September 30,

2026 December 31, 2025

Assets

Current assets:

Cash and cash equivalents $ 287,914 $ 286,358

Accounts receivable, net 2,132 3,285

Inventory 46,286 44,512

Prepaid expenses and other current assets 29,802 18,283

Total current assets 366,134 352,438

Property and equipment, net 212,103 187,448

Right-of-use lease assets 200,184 170,805

Other assets 13,729 10,228

Total assets $ 792,150 $ 720,919

Liabilities and stockholders’ equity

Current liabilities:

Accounts payable $ 28,725 $ 31,979

Accrued expenses 69,787 49,225

Deferred revenue 21,538 33,869

Current lease liabilities 39,477 31,399

Other current liabilities 2,699 3,658

Total current liabilities 162,226 150,130

Non-current lease liabilities 225,326 201,749

Other liabilities 1,249 1,310

Total liabilities 388,801 353,189

Commitments and contingencies

Stockholders’ equity:

Common stock, $0.0001 par value; Class A: 750,000 shares authorized at September 30, 2026 and December 31, 2025, 108,393 and 106,318 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively; Class B: 150,000 shares authorized at September 30, 2026 and December 31, 2025, 15,611 and 16,130 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively, convertible to Class A on a one-to-one basis

12 12

Additional paid-in capital 1,077,280 1,054,779

Accumulated deficit (672,156) (685,580)

Accumulated other comprehensive loss (1,787) (1,481)

Total stockholders’ equity 403,349 367,730

Total liabilities and stockholders’ equity $ 792,150 $ 720,919

Warby Parker Inc. and Subsidiaries

Condensed Consolidated Statements of Operations (Unaudited)

(Amounts in thousands, except per share data)

Three Months Ended September 30, Nine Months Ended September 30,

2026 2025 2026 2025

Net revenue $ 244,735 $ 221,680 $ 722,693 $ 659,937

Cost of goods sold 111,564 101,735 322,024 300,401

Gross profit 133,171 119,945 400,669 359,536

Selling, general, and administrative expenses 129,614 116,375 392,278 358,020

Income from operations 3,557 3,570 8,391 1,516

Interest and other income, net 2,609 2,179 7,024 6,618

Income before income taxes 6,166 5,749 15,415 8,134

Provision for income taxes 563 (125) 1,991 540

Net income $ 5,603 $ 5,874 $ 13,424 $ 7,594

Earnings per share:

Basic $ 0.04 $ 0.05 $ 0.11 $ 0.06

Diluted $ 0.04 $ 0.05 $ 0.11 $ 0.06

Weighted average shares outstanding:

Basic 124,707 122,963 124,032 122,495

Diluted 126,149 125,408 125,869 124,893

Warby Parker Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows (Unaudited)

(Amounts in thousands)

Nine Months Ended September 30,

2026 2025

Cash flows from operating activities

Net income $ 13,424 $ 7,594

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization 42,272 37,179

Stock-based compensation 29,842 28,260

Non-cash charitable donations 3,950 2,821

Asset impairment charges 983 511

Amortization of cloud-based software implementation costs 3,048 2,391

Change in operating assets and liabilities:

Accounts receivable, net 1,153 805

Inventory (1,773) 6,753

Prepaid expenses and other assets (18,108) (1,847)

Accounts payable (4,931) (11,103)

Accrued expenses 20,069 17,132

Deferred revenue (12,331) (10,361)

Lease assets and liabilities 2,276 6,947

Other liabilities (1,022) 449

Net cash provided by operating activities 78,852 87,531

Cash flows from investing activities

Purchases of property and equipment (65,699) (51,928)

Net cash used in investing activities (65,699) (51,928)

Cash flows from financing activities

Proceeds from stock option exercises 2,197 149

Shares withheld for taxes on stock-based compensation (14,858) (11,001)

Proceeds from shares issued in connection with employee stock purchase plan 1,370 1,169

Net cash used in financing activities (11,291) (9,683)

Effect of exchange rates on cash (306) 279

Net change in cash and cash equivalents 1,556 26,199

Cash and cash equivalents, beginning of period 286,358 254,161

Cash and cash equivalents, end of period $ 287,914 $ 280,360

Supplemental disclosures

Cash paid for income taxes $ 2,270 $ 708

Cash paid for interest 240 249

Non-cash investing and financing activities:

Purchases of property and equipment included in accounts payable and accrued expenses $ 7,361 $ 2,292

Warby Parker Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures (Unaudited)

(Amounts in thousands)

The following table reconciles Adjusted EBITDA and Adjusted EBITDA Margin to the most directly comparable GAAP measure, which is net income:

Three Months Ended September 30, Nine Months Ended September 30,

2026 2025 2026 2025

Net income $ 5,603 $ 5,874 $ 13,424 $ 7,594

Adjusted to exclude the following:

Interest and other income, net (2,609) (2,179) (7,024) (6,618)

Provision for income taxes 563 (125) 1,991 540

Depreciation and amortization expense 14,434 12,532 42,272 37,179

Asset impairment charges 352 25 983 511

Stock-based compensation expense(1)

9,012 7,328 31,332 29,490

Non-cash charitable donations(2)

— — 3,950 2,821

Amortization of cloud-based software implementation costs 984 903 3,048 2,391

System implementation costs(3)

— 827 477 1,173

Inventory write-downs(4)

— — — 2,456

Other costs(5)

215 560 550 2,428

Adjusted EBITDA $ 28,554 $ 25,745 $ 91,003 $ 79,965

Adjusted EBITDA Margin 11.7 % 11.6 % 12.6 % 12.1 %

(1) Represents expenses related to the Company’s equity-based compensation programs and related employer payroll taxes, which may vary significantly from period to period depending upon various factors including the timing, number, and valuation of awards granted, and vesting of awards including the satisfaction of performance conditions. For the three months ended September 30, 2026 and 2025, the amount includes $0.5 million and $0.3 million, respectively, of employer payroll taxes associated with releases of RSUs and option exercises. For the nine months ended September 30, 2026 and 2025, the amount includes $1.5 million and $1.2 million, respectively, of employer payroll taxes associated with releases of RSUs and option exercises.

(2) Represents charitable expense recorded in connection with the donation of 178,572 shares of Class A common stock in both April 2026 and May 2025 to the Warby Parker Impact Foundation.

(3) Represents costs related to the implementation of major new enterprise software systems.

(4) Represents one-time inventory write-downs primarily related to the decision in the second quarter of 2025 to sunset our Home Try-On program at the end of 2025.

(5) Represents restructuring costs incurred in the second quarter of 2025 and charges for certain legal matters outside the ordinary course of business.

Warby Parker Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures (Unaudited)

(Amounts in thousands)

The following table presents our non-GAAP, or adjusted, financial measures for the periods presented as a percentage of revenue. Each cost and operating expense is adjusted for stock-based compensation expense and related employer payroll taxes, non-cash charitable donations, charges for certain legal matters outside the ordinary course of business, and non-recurring costs such as restructuring costs and major system implementation costs.

Reported Adjusted Reported Adjusted

Three Months Ended September 30, Three Months Ended September 30, Nine Months Ended September 30, Nine Months Ended September 30,

2026 2025 2026 2025 2026 2025 2026 2025

Cost of goods sold $ 111,564 $ 101,735 $ 111,136 $ 101,436 $ 322,024 $ 300,401 $ 320,857 $ 297,063

% of Revenue 45.6 % 45.9 % 45.4 % 45.8 % 44.6 % 45.5 % 44.4 % 45.0 %

Gross profit $ 133,171 $ 119,945 $ 133,599 $ 120,244 $ 400,669 $ 359,536 $ 401,836 $ 362,874

% of Revenue 54.4 % 54.1 % 54.6 % 54.2 % 55.4 % 54.5 % 55.6 % 55.0 %

Selling, general, and administrative expenses $ 129,614 $ 116,375 $ 120,815 $ 107,959 $ 392,278 $ 358,020 $ 357,136 $ 322,990

% of Revenue 53.0 % 52.5 % 49.4 % 48.7 % 54.3 % 54.3 % 49.4 % 48.9 %

Warby Parker Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Measures (Unaudited)

(Amounts in thousands)

The following table reflects a reconciliation of each non-GAAP, or adjusted, financial measure to its most directly comparable financial measure prepared in accordance with GAAP:

Three Months Ended September 30, Nine Months Ended September 30,

2026 2025 2026 2025

Cost of goods sold $ 111,564 $ 101,735 $ 322,024 $ 300,401

Adjusted to exclude the following:

Stock-based compensation expense(1)

428 299 1,167 882

Inventory write-downs(2)

— — — 2,456

Adjusted Cost of Goods Sold $ 111,136 $ 101,436 $ 320,857 $ 297,063

Gross profit $ 133,171 $ 119,945 $ 400,669 $ 359,536

Adjusted to exclude the following:

Stock-based compensation expense(1)

428 299 1,167 882

Inventory write-downs(2)

— — — 2,456

Adjusted Gross Profit $ 133,599 $ 120,244 $ 401,836 $ 362,874

Selling, general, and administrative expenses $ 129,614 $ 116,375 $ 392,278 $ 358,020

Adjusted to exclude the following:

Stock-based compensation expense(1)

8,584 7,029 30,165 28,608

Non-cash charitable donations(3)

— — 3,950 2,821

System implementation costs(4)

— 827 477 1,173

Other costs(5)

215 560 550 2,428

Adjusted Selling, General, and Administrative Expenses $ 120,815 $ 107,959 $ 357,136 $ 322,990

Net cash provided by operating activities $ 24,723 $ 17,974 $ 78,852 $ 87,531

Purchases of property and equipment (26,698) (19,490) (65,699) (51,928)

Free Cash Flow $ (1,975) $ (1,516) $ 13,153 $ 35,603

(2) Represents one-time inventory write-downs primarily related to the decision in the second quarter of 2025 to sunset our Home Try-On program at the end of 2025.

(3) Represents charitable expense recorded in connection with the donation of 178,572 shares of Class A common stock in both April 2026 and May 2025 to the Warby Parker Impact Foundation.

(4) Represents costs related to the implementation of major new enterprise software systems.

(5) Represents restructuring costs incurred in the second quarter of 2025 and charges for certain legal matters outside the ordinary course of business.

Contacts

Investor Relations:

Jaclyn Bradbury, Head of Investor Relations

investors@warbyparker.com

Media:

Ali Weltman

ali@derris.com

Source: Warby Parker Inc.

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For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

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dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 2 such as Street or Suite number

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No definition available.

+ Details

Name:

dei_EntityAddressAddressLine2

Namespace Prefix:

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Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

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- Definition

Name of the City or Town

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No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

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No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

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Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

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Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

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xbrli:normalizedStringItemType

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- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

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No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

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Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

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Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

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Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

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Data Type:

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Balance Type:

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- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

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Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

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