Warby Parker (WRBY) Financials

$14.78 -0.08 (-0.50%)

Closing price 03:59 PM Eastern

Extended Trading

$14.68 -0.10 (-0.70%)

As of 06:30 PM Eastern

Annual Income Statements for Warby Parker

This table shows Warby Parker's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-58	-56	-157	-110	-63	-20
Consolidated Net Income / (Loss)	0.00	-56	-144	-110	-63	-20
Net Income / (Loss) Continuing Operations	0.00	-56	-144	-110	-63	-20
Total Pre-Tax Income	0.28	-56	-144	-110	-63	-20
Total Operating Income	-1.66	-56	-144	-111	-72	-30
Total Gross Profit	223	232	318	341	365	427
Total Revenue	370	394	541	598	670	771
Operating Revenue	370	394	541	598	670	771
Total Cost of Revenue	147	162	223	257	305	344
Operating Cost of Revenue	147	162	223	257	305	344
Total Operating Expenses	225	288	461	452	437	457
Selling, General & Admin Expense	225	288	461	452	437	457
Total Other Income / (Expense), net	1.94	-0.10	-0.35	1.31	9.23	11
Other Income / (Expense), net	1.94	-0.10	-0.35	1.31	9.23	11
Income Tax Expense	0.28	0.19	0.26	0.50	0.43	0.88
Basic Earnings per Share	($1.10)	($1.05)	($2.21)	($0.96)	($0.54)	($0.17)
Weighted Average Basic Shares Outstanding	52.42M	53.03M	71.25M	114.94M	117.39M	120.39M
Diluted Earnings per Share	($1.10)	($1.05)	($2.21)	($0.96)	($0.54)	($0.17)
Weighted Average Diluted Shares Outstanding	52.42M	53.03M	71.25M	114.94M	117.39M	120.39M
Weighted Average Basic & Diluted Shares Outstanding	-	-	114.93M	115.96M	118.16M	120.86M

This table shows Warby Parker's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-24	-20	-11	-16	-18	-18	-2.77	-6.78	-4.10	-6.74
Consolidated Net Income / (Loss)	-24	-20	-11	-16	-17	-19	-2.68	-6.76	-4.07	-6.88
Net Income / (Loss) Continuing Operations	-24	-20	-11	-16	-17	-19	-2.68	-6.76	-4.07	-6.88
Total Pre-Tax Income	-24	-20	-11	-16	-17	-19	-2.57	-6.39	-3.77	-6.78
Total Operating Income	-24	-22	-12	-18	-20	-22	-5.13	-8.96	-6.61	-9.42
Total Gross Profit	84	81	95	91	93	87	113	105	105	103
Total Revenue	149	146	172	166	170	162	200	188	192	191
Operating Revenue	149	146	172	166	170	162	200	188	192	191
Total Cost of Revenue	64	66	77	75	77	75	87	83	88	88
Operating Cost of Revenue	64	66	77	75	77	75	87	83	88	88
Total Operating Expenses	108	102	107	109	112	109	119	114	111	113
Selling, General & Admin Expense	108	102	107	109	112	109	119	114	111	113
Total Other Income / (Expense), net	-0.18	1.38	1.88	2.28	2.66	2.42	2.56	2.57	2.84	2.63
Other Income / (Expense), net	-0.18	1.38	1.88	2.28	2.66	2.42	2.56	2.57	2.84	2.63
Income Tax Expense	-0.01	-0.08	0.26	-0.02	0.30	-0.11	0.11	0.37	0.30	0.09
Basic Earnings per Share	($0.21)	($0.17)	($0.09)	($0.14)	($0.15)	($0.16)	($0.02)	($0.06)	($0.03)	($0.06)
Weighted Average Basic Shares Outstanding	115.25M	114.94M	116.16M	116.79M	118.00M	117.39M	119.14M	120.09M	120.89M	120.39M
Diluted Earnings per Share	($0.21)	($0.17)	($0.09)	($0.14)	($0.15)	($0.16)	($0.02)	($0.06)	($0.03)	($0.06)
Weighted Average Diluted Shares Outstanding	115.25M	114.94M	116.16M	116.79M	118.00M	117.39M	119.14M	120.09M	120.89M	120.39M
Weighted Average Basic & Diluted Shares Outstanding	115.62M	115.96M	116.13M	117.10M	117.64M	118.16M	118.86M	119.84M	120.34M	120.86M

This table details how cash moves in and out of Warby Parker's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-94	259	-58	-48	8.31	37
Net Cash From Operating Activities	21	33	-32	10	61	99
Net Cash From Continuing Operating Activities	21	33	-32	10	61	99
Net Income / (Loss) Continuing Operations	0.00	-56	-144	-110	-63	-20
Consolidated Net Income / (Loss)	0.00	-56	-144	-110	-63	-20
Depreciation Expense	15	18	22	32	39	46
Amortization Expense	-	-	0.00	0.25	2.90	3.70
Non-Cash Adjustments To Reconcile Net Income	8.50	46	115	103	77	50
Changes in Operating Assets and Liabilities, net	-1.62	25	-24	-15	5.81	19
Net Cash From Investing Activities	-33	-20	-49	-60	-55	-66
Net Cash From Continuing Investing Activities	-33	-20	-49	-60	-55	-66
Purchase of Property, Plant & Equipment	-33	-20	-49	-60	-54	-64
Purchase of Investments	-	-	0.00	0.00	-1.00	-2.00
Net Cash From Financing Activities	-83	246	23	3.29	2.87	4.96
Net Cash From Continuing Financing Activities	-83	2.28	23	3.29	2.87	4.96
Repayment of Debt	0.59	-30	32	0.09	-	0.33
Issuance of Common Equity	0.30	1.33	20	3.20	2.87	4.63
Effect of Exchange Rate Changes	-	0.04	-0.16	-1.31	-0.88	-0.40
Cash Interest Paid	0.09	0.47	0.15	0.18	0.23	0.25
Cash Income Taxes Paid	0.37	0.23	0.36	0.54	0.42	1.04

This table details how cash moves in and out of Warby Parker's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-14	11	-4.32	8.39	3.31	0.93	3.49	18	13	3.13
Net Cash From Operating Activities	1.16	24	8.64	19	20	14	20	32	27	20
Net Cash From Continuing Operating Activities	1.16	24	8.64	19	20	14	20	32	27	20
Net Income / (Loss) Continuing Operations	-24	-20	-11	-16	-17	-19	-2.68	-6.76	-4.07	-6.88
Consolidated Net Income / (Loss)	-24	-20	-11	-16	-17	-19	-2.68	-6.76	-4.07	-6.88
Depreciation Expense	8.34	8.92	9.14	9.28	9.76	10	11	11	12	12
Amortization Expense	0.10	0.15	0.36	0.46	0.85	1.22	1.07	0.94	0.85	0.84
Non-Cash Adjustments To Reconcile Net Income	25	20	20	19	20	18	14	16	11	8.92
Changes in Operating Assets and Liabilities, net	-8.84	15	-10	6.06	7.09	2.88	-3.50	10	7.79	4.69
Net Cash From Investing Activities	-14	-14	-12	-12	-16	-14	-16	-18	-14	-18
Net Cash From Continuing Investing Activities	-14	-14	-12	-12	-16	-14	-16	-18	-14	-18
Purchase of Property, Plant & Equipment	-14	-14	-12	-12	-15	-14	-14	-18	-14	-18
Net Cash From Financing Activities	0.11	1.20	0.08	1.89	0.17	0.73	0.09	3.62	0.05	1.21
Net Cash From Continuing Financing Activities	0.11	1.20	0.08	1.89	0.17	0.73	0.09	3.62	0.05	1.21
Issuance of Common Equity	0.07	1.15	0.08	1.89	0.17	0.73	0.09	3.62	0.05	0.87
Effect of Exchange Rate Changes	-0.89	-0.12	-0.66	-0.02	-0.31	0.11	-0.09	-0.01	-0.03	-0.27
Cash Interest Paid	0.03	0.10	0.05	0.06	0.05	0.07	0.08	0.02	0.08	0.08
Cash Income Taxes Paid	0.17	0.07	0.10	0.23	0.07	0.02	0.07	0.28	0.44	0.25

This table presents Warby Parker's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Total Assets	445	441	569	580	676
Total Current Assets	360	328	295	299	326
Cash & Equivalents	314	256	209	217	254
Accounts Receivable	0.60	0.99	1.44	1.78	1.95
Inventories, net	38	57	69	62	52
Prepaid Expenses	6.78	13	16	18	18
Plant, Property, & Equipment, net	85	112	139	152	170
Total Noncurrent Assets	0.28	0.47	136	129	180
Other Noncurrent Operating Assets	0.28	0.47	136	129	180
Total Liabilities & Shareholders' Equity	445	441	569	580	676
Total Liabilities	136	155	282	279	336
Total Current Liabilities	105	118	130	127	130
Accounts Payable	41	31	21	22	24
Accrued Expenses	34	61	58	46	52
Current Deferred Revenue	27	22	26	32	32
Other Current Liabilities	3.72	4.30	25	27	23
Total Noncurrent Liabilities	31	37	153	151	206
Other Noncurrent Operating Liabilities	3.01	0.00	153	151	206
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-198	286	287	302	340
Total Preferred & Common Equity	-198	286	287	302	340
Total Common Equity	-198	286	287	302	340
Common Stock	127	779	891	970	1,029
Retained Earnings	-325	-493	-604	-667	-687
Accumulated Other Comprehensive Income / (Loss)	0.11	0.02	-0.65	-1.53	-1.94

This table presents Warby Parker's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	550	558	562	575	593	618	638
Total Current Assets	282	285	288	295	296	309	321
Cash & Equivalents	198	204	213	216	220	238	251
Accounts Receivable	1.11	0.96	1.18	0.72	1.17	1.21	1.09
Inventories, net	71	64	60	64	56	53	53
Prepaid Expenses	13	15	14	15	18	16	16
Plant, Property, & Equipment, net	134	140	144	151	157	163	167
Total Noncurrent Assets	134	133	130	128	140	147	150
Other Noncurrent Operating Assets	134	133	130	128	140	147	150
Total Liabilities & Shareholders' Equity	550	558	562	575	593	618	638
Total Liabilities	266	262	260	270	277	289	301
Total Current Liabilities	111	111	110	122	119	121	130
Accounts Payable	20	20	24	24	27	25	37
Accrued Expenses	53	48	43	55	43	48	46
Current Deferred Revenue	16	19	19	18	21	21	19
Other Current Liabilities	22	24	25	25	27	28	28
Total Noncurrent Liabilities	155	150	149	148	158	168	171
Other Noncurrent Operating Liabilities	155	150	149	148	158	168	171
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	284	296	302	305	316	329	337
Total Preferred & Common Equity	284	296	302	305	316	329	337
Total Common Equity	284	296	302	305	316	329	337
Common Stock	868	912	934	954	987	1,007	1,019
Retained Earnings	-583	-614	-630	-648	-670	-676	-680
Accumulated Other Comprehensive Income / (Loss)	-0.42	-1.33	-1.37	-1.64	-1.62	-1.64	-1.67

This table displays calculated financial ratios and metrics derived from Warby Parker's official financial filings.

Metric	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	6.28%	37.36%	10.60%	11.98%	15.16%
EBITDA Growth	0.00%	-356.67%	-222.54%	36.48%	72.60%	241.00%
EBIT Growth	0.00%	-20,291.67%	-158.41%	23.69%	42.89%	68.91%
NOPAT Growth	0.00%	0.00%	-158.23%	22.59%	35.26%	58.18%
Net Income Growth	0.00%	0.00%	-158.00%	23.48%	42.75%	67.74%
EPS Growth	0.00%	4.55%	-110.48%	56.56%	43.75%	68.52%
Operating Cash Flow Growth	0.00%	53.12%	-197.67%	132.41%	488.15%	61.90%
Free Cash Flow Firm Growth	0.00%	0.00%	-308.22%	6.99%	54.70%	61.39%
Invested Capital Growth	0.00%	0.00%	621.54%	163.88%	8.75%	1.20%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	2.33%	2.35%	3.88%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	26.65%	14.77%	86.69%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	18.81%	1.84%	38.79%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	17.86%	0.20%	28.75%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	18.85%	1.87%	37.38%
EPS Q/Q Growth	0.00%	0.00%	0.00%	17.95%	1.82%	37.04%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-266.31%	122.88%	-14.30%	6.75%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-7.84%	17.11%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-9.31%	-4.23%	0.23%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	60.22%	58.91%	58.76%	57.02%	54.53%	55.34%
EBITDA Margin	3.99%	-9.64%	-22.64%	-13.01%	-3.18%	3.90%
Operating Margin	-0.45%	-14.13%	-26.56%	-18.59%	-10.75%	-3.90%
EBIT Margin	0.07%	-14.15%	-26.63%	-18.37%	-9.37%	-2.53%
Profit (Net Income) Margin	0.00%	-14.20%	-26.68%	-18.46%	-9.44%	-2.64%
Tax Burden Percent	0.00%	100.34%	100.18%	100.45%	100.69%	104.48%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	100.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	-841.18%	-144.63%	-61.85%	-24.68%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	-825.85%	-130.63%	-55.84%	-24.97%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	792.63%	106.07%	40.37%	18.33%
Return on Equity (ROE)	0.00%	-18.13%	-48.54%	-38.56%	-21.48%	-6.35%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	-459.12%	-234.70%	-70.24%	-25.87%
Operating Return on Assets (OROA)	0.00%	-12.53%	-32.53%	-21.78%	-10.92%	-3.11%
Return on Assets (ROA)	0.00%	-12.57%	-32.59%	-21.87%	-11.00%	-3.24%
Return on Common Equity (ROCE)	0.00%	11.65%	-7.18%	-38.56%	-21.48%	-6.35%
Return on Equity Simple (ROE_SIMPLE)	0.00%	28.23%	-50.44%	-38.51%	-20.94%	-6.00%
Net Operating Profit after Tax (NOPAT)	0.00	-39	-101	-78	-50	-21
NOPAT Margin	0.00%	-9.89%	-18.60%	-13.01%	-7.52%	-2.73%
Net Nonoperating Expense Percent (NNEP)	0.00%	-10.81%	-15.32%	-14.00%	-6.02%	0.29%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-27.16%	-16.70%	-6.20%
Cost of Revenue to Revenue	39.78%	41.09%	41.24%	42.98%	45.47%	44.66%
SG&A Expenses to Revenue	60.67%	73.04%	85.32%	75.62%	65.28%	59.24%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	60.67%	73.04%	85.32%	75.62%	65.28%	59.24%
Earnings before Interest and Taxes (EBIT)	0.28	-56	-144	-110	-63	-20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	15	-38	-122	-78	-21	30
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	18.43	5.44	5.50	8.57
Price to Tangible Book Value (P/TBV)	0.00	0.00	18.43	5.44	5.50	8.57
Price to Revenue (P/Rev)	8.39	7.90	9.74	2.61	2.48	3.78
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	169.47	17.31	16.98	30.95
Enterprise Value to Revenue (EV/Rev)	0.00	8.39	9.27	2.26	2.15	3.45
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	88.48
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	100.80	0.00	130.30	23.64	26.93
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.00	-1.02	-0.96	-0.81	-0.72	-0.73
Leverage Ratio	0.00	1.44	1.49	1.76	1.95	1.96
Compound Leverage Factor	0.00	1.44	1.49	1.76	1.95	1.96
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	164.23%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	-64.23%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	13.82	19.60	2.59	3.12	5.17
Noncontrolling Interest Sharing Ratio	0.00%	164.23%	85.21%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	0.00	3.42	2.78	2.27	2.35	2.50
Quick Ratio	0.00	2.99	2.18	1.62	1.72	1.96
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-33	-136	-126	-57	-22
Operating Cash Flow to CapEx	65.56%	163.22%	-65.95%	17.23%	113.64%	154.21%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.00	0.89	1.22	1.19	1.17	1.23
Accounts Receivable Turnover	0.00	655.11	678.97	492.88	416.78	413.91
Inventory Turnover	0.00	4.21	4.67	4.08	4.65	6.01
Fixed Asset Turnover	0.00	4.66	5.50	4.77	4.60	4.78
Accounts Payable Turnover	0.00	3.97	6.22	9.95	14.08	14.99
Days Sales Outstanding (DSO)	0.00	0.56	0.54	0.74	0.88	0.88
Days Inventory Outstanding (DIO)	0.00	86.79	78.19	89.42	78.55	60.70
Days Payable Outstanding (DPO)	0.00	92.02	58.65	36.69	25.92	24.36
Cash Conversion Cycle (CCC)	0.00	-4.68	20.08	53.47	53.51	37.23
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	0.00	-5.67	30	78	85	86
Invested Capital Turnover	0.00	-138.83	45.24	11.11	8.22	9.03
Increase / (Decrease) in Invested Capital	0.00	-5.67	35	48	6.83	1.02
Enterprise Value (EV)	0.00	3,302	5,013	1,351	1,442	2,659
Market Capitalization	3,110	3,110	5,270	1,560	1,659	2,913
Book Value per Share	$0.00	($3.74)	$4.01	$2.48	$2.57	$2.83
Tangible Book Value per Share	$0.00	($3.74)	$4.01	$2.48	$2.57	$2.83
Total Capital	0.00	308	286	287	302	340
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	0.00	-314	-256	-209	-217	-254
Capital Expenditures (CapEx)	33	20	49	60	54	64
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-59	-47	-44	-45	-58
Debt-free Net Working Capital (DFNWC)	0.00	255	210	165	172	196
Net Working Capital (NWC)	0.00	255	210	165	172	196
Net Nonoperating Expense (NNE)	0.00	17	44	33	13	-0.69
Net Nonoperating Obligations (NNO)	0.00	-314	-256	-209	-217	-254
Total Depreciation and Amortization (D&A)	15	18	22	32	41	50
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-15.11%	-8.61%	-7.29%	-6.77%	-7.58%
Debt-free Net Working Capital to Revenue	0.00%	64.67%	38.81%	27.59%	25.61%	25.37%
Net Working Capital to Revenue	0.00%	64.67%	38.81%	27.59%	25.61%	25.37%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($2.21)	($0.96)	($0.54)	($0.17)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	71.25M	114.94M	117.39M	120.39M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($2.21)	($0.96)	($0.54)	($0.17)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	71.25M	114.94M	117.39M	120.39M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	114.93M	115.96M	118.16M	120.86M
Normalized Net Operating Profit after Tax (NOPAT)	-1.16	-39	-101	-78	-50	-21
Normalized NOPAT Margin	-0.31%	-9.89%	-18.60%	-13.01%	-7.52%	-2.73%
Pre Tax Income Margin	0.07%	-14.15%	-26.63%	-18.37%	-9.37%	-2.53%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	-5.60%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Warby Parker's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.30%	10.23%	12.24%	11.01%	14.16%	10.49%	16.30%	13.32%	13.30%	17.79%
EBITDA Growth	82.23%	71.44%	96.07%	74.61%	57.85%	32.81%	966.89%	191.37%	237.13%	184.46%
EBIT Growth	74.11%	55.61%	68.59%	50.34%	28.27%	5.79%	75.63%	59.94%	77.96%	64.58%
NOPAT Growth	74.26%	52.70%	63.16%	43.18%	16.50%	0.65%	58.75%	50.87%	66.55%	56.34%
Net Income Growth	73.82%	55.88%	68.32%	50.49%	26.97%	5.95%	75.22%	57.54%	76.62%	63.89%
EPS Growth	85.52%	55.26%	70.00%	50.00%	28.57%	5.88%	77.78%	57.14%	80.00%	62.50%
Operating Cash Flow Growth	-76.71%	174.83%	183.95%	533.27%	1,625.63%	-42.68%	130.56%	68.64%	36.88%	45.72%
Free Cash Flow Firm Growth	13.80%	0.00%	32.29%	65.83%	78.78%	65.56%	85.45%	73.86%	89.63%	65.30%
Invested Capital Growth	239.96%	163.88%	82.13%	26.95%	2.99%	8.75%	4.04%	2.27%	-3.30%	1.20%
Revenue Q/Q Growth	-0.57%	-1.54%	17.39%	-3.42%	2.26%	-4.71%	23.57%	-5.89%	2.24%	-0.94%
EBITDA Q/Q Growth	36.88%	26.96%	90.69%	-491.79%	-4.79%	-16.42%	220.08%	-37.62%	57.26%	-28.30%
EBIT Q/Q Growth	25.73%	14.79%	48.10%	-51.16%	-7.29%	-11.92%	86.58%	-148.50%	40.98%	-79.90%
NOPAT Q/Q Growth	26.21%	8.29%	42.75%	-46.66%	-8.43%	-9.12%	76.23%	-74.68%	26.16%	-42.39%
Net Income Q/Q Growth	25.88%	15.07%	46.61%	-47.29%	-9.34%	-9.38%	85.93%	-152.41%	39.78%	-68.89%
EPS Q/Q Growth	25.00%	19.05%	47.06%	-55.56%	-7.14%	-6.67%	87.50%	-200.00%	50.00%	-100.00%
Operating Cash Flow Q/Q Growth	126.69%	1,963.98%	-63.74%	116.96%	6.29%	-31.44%	45.83%	58.69%	-13.73%	-27.01%
Free Cash Flow Firm Q/Q Growth	16.75%	17.65%	21.12%	36.81%	48.30%	-33.65%	66.68%	-13.53%	79.49%	-347.37%
Invested Capital Q/Q Growth	22.22%	-9.31%	17.97%	-2.91%	-0.85%	-4.23%	12.85%	-4.56%	-6.25%	0.23%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	56.74%	55.05%	55.12%	54.57%	54.60%	53.79%	56.73%	55.99%	54.49%	54.09%
EBITDA Margin	-10.36%	-7.69%	-0.61%	-3.73%	-3.83%	-4.67%	4.54%	3.01%	4.63%	3.35%
Operating Margin	-15.91%	-14.82%	-7.23%	-10.98%	-11.64%	-13.33%	-2.56%	-4.76%	-3.44%	-4.94%
EBIT Margin	-16.03%	-13.88%	-6.14%	-9.60%	-10.07%	-11.83%	-1.29%	-3.39%	-1.96%	-3.56%
Profit (Net Income) Margin	-16.03%	-13.82%	-6.29%	-9.59%	-10.25%	-11.77%	-1.34%	-3.59%	-2.12%	-3.61%
Tax Burden Percent	99.95%	99.62%	102.47%	99.85%	101.76%	99.45%	104.20%	105.84%	107.98%	101.37%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-116.89%	-115.28%	-43.76%	-60.89%	-61.03%	-76.68%	-13.33%	-26.52%	-20.49%	-31.23%
ROIC Less NNEP Spread (ROIC-NNEP)	-113.75%	-113.11%	-42.79%	-59.40%	-59.30%	-74.83%	-13.76%	-26.30%	-20.73%	-31.10%
Return on Net Nonoperating Assets (RNNOA)	91.73%	91.85%	32.22%	43.14%	41.69%	54.10%	9.54%	18.77%	15.09%	22.83%
Return on Equity (ROE)	-25.15%	-23.44%	-11.55%	-17.74%	-19.33%	-22.58%	-3.79%	-7.75%	-5.40%	-8.40%
Cash Return on Invested Capital (CROIC)	0.00%	-234.70%	-146.45%	-90.35%	-60.75%	-70.24%	-52.16%	-45.14%	-30.58%	-25.87%
Operating Return on Assets (OROA)	-18.56%	-16.45%	-6.87%	-11.00%	-11.72%	-13.79%	-1.56%	-4.14%	-2.40%	-4.37%
Return on Assets (ROA)	-18.55%	-16.38%	-7.04%	-10.99%	-11.93%	-13.72%	-1.62%	-4.38%	-2.59%	-4.43%
Return on Common Equity (ROCE)	-25.15%	-23.44%	-11.55%	-17.74%	-19.33%	-22.58%	-3.79%	-7.75%	-5.40%	-8.40%
Return on Equity Simple (ROE_SIMPLE)	-47.91%	0.00%	-29.38%	-23.45%	-21.14%	0.00%	-17.42%	-13.94%	-9.67%	0.00%
Net Operating Profit after Tax (NOPAT)	-17	-15	-8.70	-13	-14	-15	-3.59	-6.27	-4.63	-6.59
NOPAT Margin	-11.14%	-10.37%	-5.06%	-7.68%	-8.15%	-9.33%	-1.79%	-3.33%	-2.41%	-3.46%
Net Nonoperating Expense Percent (NNEP)	-3.13%	-2.17%	-0.97%	-1.49%	-1.73%	-1.86%	0.43%	-0.22%	0.24%	-0.12%
Return On Investment Capital (ROIC_SIMPLE)	-	-5.30%	-	-	-	-5.00%	-	-	-	-1.94%
Cost of Revenue to Revenue	43.26%	44.95%	44.88%	45.43%	45.40%	46.21%	43.27%	44.01%	45.51%	45.91%
SG&A Expenses to Revenue	72.65%	69.87%	62.35%	65.54%	66.23%	67.12%	59.29%	60.75%	57.93%	59.03%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	72.65%	69.87%	62.35%	65.54%	66.23%	67.12%	59.29%	60.75%	57.93%	59.03%
Earnings before Interest and Taxes (EBIT)	-24	-20	-11	-16	-17	-19	-2.57	-6.39	-3.77	-6.78
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-15	-11	-1.05	-6.20	-6.50	-7.57	9.09	5.67	8.91	6.39
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.42	5.44	4.14	4.49	5.06	5.50	5.09	5.80	5.81	8.57
Price to Tangible Book Value (P/TBV)	5.42	5.44	4.14	4.49	5.06	5.50	5.09	5.80	5.81	8.57
Price to Revenue (P/Rev)	2.63	2.61	1.99	2.14	2.35	2.48	2.30	2.65	2.64	3.78
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	15.59	17.31	11.12	12.81	14.95	16.98	14.49	18.28	19.90	30.95
Enterprise Value to Revenue (EV/Rev)	2.30	2.26	1.66	1.81	2.02	2.15	1.99	2.32	2.30	3.45
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2,432.27	105.97	88.48
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	130.30	34.93	21.85	18.62	23.64	19.20	19.62	18.44	26.93
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.81	-0.81	-0.75	-0.73	-0.70	-0.72	-0.69	-0.71	-0.73	-0.73
Leverage Ratio	1.75	1.76	1.91	1.89	1.91	1.95	1.88	1.87	1.89	1.96
Compound Leverage Factor	1.75	1.76	1.91	1.89	1.91	1.95	1.88	1.87	1.89	1.96
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	3.28	3.11	2.69	2.98	3.25	3.36	3.43	3.93	3.91	5.23
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.53	2.27	2.56	2.61	2.43	2.35	2.50	2.55	2.47	2.50
Quick Ratio	1.79	1.62	1.85	1.94	1.78	1.72	1.87	1.98	1.94	1.96
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-77	-64	-50	-32	-16	-22	-7.31	-8.30	-1.70	-7.61
Operating Cash Flow to CapEx	8.19%	167.70%	69.79%	153.39%	128.69%	100.68%	138.03%	179.16%	191.82%	112.36%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.16	1.19	1.12	1.15	1.16	1.17	1.21	1.22	1.22	1.23
Accounts Receivable Turnover	605.40	492.88	688.46	609.56	715.19	416.78	655.52	603.46	818.21	413.91
Inventory Turnover	4.06	4.08	4.21	4.33	4.41	4.65	5.19	5.68	5.70	6.01
Fixed Asset Turnover	4.88	4.77	4.71	4.66	4.59	4.60	4.70	4.70	4.68	4.78
Accounts Payable Turnover	7.10	9.95	10.31	10.34	13.31	14.08	13.46	13.26	10.90	14.99
Days Sales Outstanding (DSO)	0.60	0.74	0.53	0.60	0.51	0.88	0.56	0.60	0.45	0.88
Days Inventory Outstanding (DIO)	89.84	89.42	86.76	84.29	82.85	78.55	70.27	64.29	64.02	60.70
Days Payable Outstanding (DPO)	51.43	36.69	35.40	35.30	27.43	25.92	27.13	27.52	33.49	24.36
Cash Conversion Cycle (CCC)	39.02	53.47	51.89	49.59	55.93	53.51	43.70	37.37	30.98	37.23
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	86	78	92	89	89	85	96	91	86	86
Invested Capital Turnover	10.49	11.11	8.65	7.92	7.49	8.22	7.43	7.96	8.52	9.03
Increase / (Decrease) in Invested Capital	61	48	42	19	2.57	6.83	3.72	2.03	-2.93	1.02
Enterprise Value (EV)	1,342	1,351	1,024	1,145	1,325	1,442	1,388	1,671	1,706	2,659
Market Capitalization	1,540	1,560	1,228	1,358	1,541	1,659	1,608	1,909	1,957	2,913
Book Value per Share	$2.46	$2.48	$2.56	$2.60	$2.60	$2.57	$2.68	$2.77	$2.81	$2.83
Tangible Book Value per Share	$2.46	$2.48	$2.56	$2.60	$2.60	$2.57	$2.68	$2.77	$2.81	$2.83
Total Capital	284	287	296	302	305	302	316	329	337	340
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-198	-209	-204	-213	-216	-217	-220	-238	-251	-254
Capital Expenditures (CapEx)	14	14	12	12	15	14	14	18	14	18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-27	-44	-31	-35	-42	-45	-43	-50	-60	-58
Debt-free Net Working Capital (DFNWC)	171	165	174	178	174	172	178	188	191	196
Net Working Capital (NWC)	171	165	174	178	174	172	178	188	191	196
Net Nonoperating Expense (NNE)	7.27	5.05	2.11	3.16	3.58	3.95	-0.91	0.49	-0.56	0.29
Net Nonoperating Obligations (NNO)	-198	-209	-204	-213	-216	-217	-220	-238	-251	-254
Total Depreciation and Amortization (D&A)	8.44	9.07	9.50	9.75	11	12	12	12	13	13
Debt-free, Cash-free Net Working Capital to Revenue	-4.65%	-7.29%	-4.98%	-5.53%	-6.46%	-6.77%	-6.13%	-6.99%	-8.07%	-7.58%
Debt-free Net Working Capital to Revenue	29.21%	27.59%	28.13%	28.04%	26.54%	25.61%	25.45%	26.06%	25.74%	25.37%
Net Working Capital to Revenue	29.21%	27.59%	28.13%	28.04%	26.54%	25.61%	25.45%	26.06%	25.74%	25.37%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.21)	($0.17)	($0.09)	($0.14)	($0.15)	($0.16)	($0.02)	($0.06)	($0.03)	($0.06)
Adjusted Weighted Average Basic Shares Outstanding	115.25M	114.94M	116.16M	116.79M	118.00M	117.39M	119.14M	120.09M	120.89M	120.39M
Adjusted Diluted Earnings per Share	($0.21)	($0.17)	($0.09)	($0.14)	($0.15)	($0.16)	($0.02)	($0.06)	($0.03)	($0.06)
Adjusted Weighted Average Diluted Shares Outstanding	115.25M	114.94M	116.16M	116.79M	118.00M	117.39M	119.14M	120.09M	120.89M	120.39M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	115.62M	115.96M	116.13M	117.10M	117.64M	118.16M	118.86M	119.84M	120.34M	120.86M
Normalized Net Operating Profit after Tax (NOPAT)	-17	-15	-8.70	-13	-14	-15	-3.59	-6.27	-4.63	-6.59
Normalized NOPAT Margin	-11.14%	-10.37%	-5.06%	-7.68%	-8.15%	-9.33%	-1.79%	-3.33%	-2.41%	-3.46%
Pre Tax Income Margin	-16.03%	-13.88%	-6.14%	-9.60%	-10.07%	-11.83%	-1.29%	-3.39%	-1.96%	-3.56%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Warby Parker's Financials

When does Warby Parker's financial year end?

According to the most recent income statement we have on file, Warby Parker's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Warby Parker's net income changed over the last 5 years?

Warby Parker's net income appears to be on an upward trend, with a most recent value of -$20.39 million in 2024, falling from $0.00 in 2019. The previous period was -$63.20 million in 2023.

What is Warby Parker's operating income?

Warby Parker's total operating income in 2024 was -$30.11 million, based on the following breakdown:

Total Gross Profit: $426.83 million
Total Operating Expenses: $456.95 million

How has Warby Parker revenue changed over the last 5 years?

Over the last 5 years, Warby Parker's total revenue changed from $370.46 million in 2019 to $771.32 million in 2024, a change of 108.2%.

How much debt does Warby Parker have?

Warby Parker's total liabilities were at $336.42 million at the end of 2024, a 20.8% increase from 2023, and a 146.8% increase since 2020.

How much cash does Warby Parker have?

In the past 4 years, Warby Parker's cash and equivalents has ranged from $208.59 million in 2022 to $314.09 million in 2020, and is currently $254.16 million as of their latest financial filing in 2024.

How has Warby Parker's book value per share changed over the last 5 years?

Over the last 5 years, Warby Parker's book value per share changed from 0.00 in 2019 to 2.83 in 2024, a change of 282.6%.

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This page (NYSE:WRBY) was last updated on 4/15/2025 by MarketBeat.com Staff

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Warby Parker (WRBY) Financials

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Warby Parker (WRBY) Financials

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