Warby Parker Inc. logo

Warby Parker Inc.

WRBY

NYSEConsumer CyclicalSpecialty Retail

Previous close

$27.44

−$0.02 · -0.07%

Aug 21, 4:00 PM ET

WRBY company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

5

Overpriced

Momentum

55

Neutral

Sentiment

59

Mixed

Risk resilience

50

Elevated Risk

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Company profile

Company website

Warby Parker Inc. operates as a purveyor of optical products and related services. Their extensive product line includes prescription eyeglasses, sunglasses, and contact lenses, alongside specialized lens options such as light-responsive (photochromic) and blue-light-filtering variants. Customers can also acquire a variety of accessories, including protective cases, lens care kits equipped with anti-fog spray, pouches, and individual anti-fog lens sprays. Beyond product sales, Warby Parker facilitates direct-to-consumer eye examinations and vision assessments. These services are accessible through their physical retail locations, online platform, and dedicated mobile applications. By May 16, 2022, the company had established a network of 160 brick-and-mortar stores across the United States and Canada. Originally incorporated as JAND, Inc. in 2009, the organization officially rebranded to Warby Parker Inc. in June 2021. Its corporate headquarters are situated in New York, New York.

Industry
Specialty Retail
Sector
Consumer Cyclical
Headquarters
US
CEO
Neil Harris Blumenthal
Listed since
Sep 29, 2021
Employees
4,036

Market position

Day range

Current $27.44

52-week range

Current $27.44

Open
$27.78
Previous close
$27.46
Volume
1.39M
0.46× average
Average volume
3.05M
Average daily volume
Market cap
3.37B USD
Beta
1.93
Market reference 1
50-day average
$26.9162
+1.95% above average
200-day average
$24.4744
+12.12% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.62B USD
P/E (TTM)
417.02×
P/B (TTM)
8.68×
P/S (TTM)
3.69×
EV / EBITDA
49.13×
Earnings yield
0.06%
Free cash flow yield
1.64%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
54.68%
Operating margin
0.17%
Net margin
0.85%
Return on equity
0.45%
Return on assets
0.23%
Return on invested capital
-0.48%

Financial health

Debt / equity
0.64×
Current ratio
2.35×
Altman Z-score
5.63
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends67%33%-1%-35%Gross margin, FY2021: 58.76%Gross margin, FY2022: 57.02%Gross margin, FY2023: 54.53%Gross margin, FY2024: 55.34%Gross margin, FY2025: 53.97%Operating margin, FY2021: -26.56%Operating margin, FY2022: -18.59%Operating margin, FY2023: -10.75%Operating margin, FY2024: -3.90%Operating margin, FY2025: -0.61%Net margin, FY2021: -26.68%Net margin, FY2022: -18.46%Net margin, FY2023: -9.44%Net margin, FY2024: -2.64%Net margin, FY2025: 0.19%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 58.76%. Gross margin FY2022 57.02%. Gross margin FY2023 54.53%. Gross margin FY2024 55.34%. Gross margin FY2025 53.97%. Operating margin FY2021 -26.56%. Operating margin FY2022 -18.59%. Operating margin FY2023 -10.75%. Operating margin FY2024 -3.90%. Operating margin FY2025 -0.61%. Net margin FY2021 -26.68%. Net margin FY2022 -18.46%. Net margin FY2023 -9.44%. Net margin FY2024 -2.64%. Net margin FY2025 0.19%.

Income trends

Revenue

871.91M USD+13.04%

Operating income

−5.34M USD+82.28%

Net income

1.64M USD+22.03M USD
Income trends across reported periods973.52M USD567.05M USD160.58M USD−245.89M USDRevenue, FY2021: 540.8M USDRevenue, FY2022: 598.11M USDRevenue, FY2023: 669.77M USDRevenue, FY2024: 771.32M USDRevenue, FY2025: 871.91M USDOperating income, FY2021: −143.66M USDOperating income, FY2022: −111.2M USDOperating income, FY2023: −72M USDOperating income, FY2024: −30.11M USDOperating income, FY2025: −5.34M USDNet income, FY2021: −144.27M USDNet income, FY2022: −110.39M USDNet income, FY2023: −63.2M USDNet income, FY2024: −20.39M USDNet income, FY2025: 1.64M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 540.8M USD. Revenue FY2022 598.11M USD. Revenue FY2023 669.77M USD. Revenue FY2024 771.32M USD. Revenue FY2025 871.91M USD. Operating income FY2021 −143.66M USD. Operating income FY2022 −111.2M USD. Operating income FY2023 −72M USD. Operating income FY2024 −30.11M USD. Operating income FY2025 −5.34M USD. Net income FY2021 −144.27M USD. Net income FY2022 −110.39M USD. Net income FY2023 −63.2M USD. Net income FY2024 −20.39M USD. Net income FY2025 1.64M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue871.91M USD771.32M USD669.77M USD598.11M USD540.8M USD
Cost of goods sold401.33M USD344.48M USD304.54M USD257.05M USD223.05M USD
Gross profit470.58M USD426.83M USD365.22M USD341.06M USD317.75M USD
Selling, general, and administrative475.92M USD440.05M USD421.57M USD452.27M USD461.41M USD
Operating expenses475.92M USD456.95M USD437.22M USD452.27M USD461.41M USD
Interest income8.38M USD10.6M USD9.23M USD1.31M USD
Interest expense347K USD
Depreciation and amortization50.28M USD45.87M USD38.55M USD31.86M USD21.96M USD
Operating income−5.34M USD−30.11M USD−72M USD−111.2M USD−143.66M USD
Net income1.64M USD−20.39M USD−63.2M USD−110.39M USD−144.27M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 3 misses, 3 met estimates
Average EPS surprise
-21.41%
11 comparable reports
Latest EPS result
0.13
Estimate 0.1 · Beat by 27.83%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.170.120.060.01Q1 '25MissQ2 '25MetQ3 '25MetQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual 0.01, estimate 0.03, surprise -66.67%, Miss. Q2 2025, reported May 8, 2025: actual 0.12, estimate 0.12, surprise 0.00%, Met estimate. Q3 2025, reported Aug 7, 2025: actual 0.08, estimate 0.08, surprise 0.00%, Met estimate. Q4 2025, reported Nov 6, 2025: actual 0.11, estimate 0.09, surprise +22.22%, Beat. Q1 2026, reported Feb 26, 2026: actual 0.019, estimate 0.05, surprise -62.32%, Miss. Q2 2026, reported May 7, 2026: actual 0.12, estimate 0.11, surprise +9.09%, Beat. Q3 2026, reported Aug 6, 2026: actual 0.13, estimate 0.102, surprise +27.83%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 0.09, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates256.66M230.36M204.06M177.76MQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual 190.64M USD, estimate 187.63M USD, surprise +1.61%, Beat. Q2 2025, reported May 8, 2025: actual 223.78M USD, estimate 225.34M USD, surprise -0.69%, Miss. Q3 2025, reported Aug 7, 2025: actual 214.48M USD, estimate 213.12M USD, surprise +0.64%, Beat. Q4 2025, reported Nov 6, 2025: actual 221.68M USD, estimate 224.07M USD, surprise -1.07%, Miss. Q1 2026, reported Feb 26, 2026: actual 211.97M USD, estimate 213.03M USD, surprise -0.50%, Miss. Q2 2026, reported May 7, 2026: actual 242.45M USD, estimate 239.44M USD, surprise +1.26%, Beat. Q3 2026, reported Aug 6, 2026: actual 235.51M USD, estimate 237.98M USD, surprise -1.04%, Miss. Q4 2026, reported Nov 5, 2026: actual —, estimate 246.79M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$30.60

11.52% upside
Past 12 months12-month forecastHigh $34.00Average $30.60Low $28.00

WRBY news

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