Warby Parker Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| 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 |
| Gross Margin | 54.0% | 55.3% | 54.5% | 57.0% | 58.8% | 58.9% | 60.2% |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | — |
| SG&A Expense | $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 |
| Operating Margin | -0.6% | -3.9% | -10.7% | -18.6% | -26.6% | -14.1% | -0.4% |
| Interest Expense | — | — | — | — | — | — | — |
| Pretax Income | $3.0M | $-19.5M | $-62.8M | $-109.9M | $-144.0M | $-55.7M | $276.0K |
| Income Tax Expense | $1.4M | $875.0K | $433.0K | $497.0K | $263.0K | $190.0K | $276.0K |
| Net Income | $1.6M | $-20.4M | $-63.2M | $-110.4M | $-144.3M | $-55.9M | $0 |
| Net Margin | 0.2% | -2.6% | -9.4% | -18.5% | -26.7% | -14.2% | 0.0% |
| EPS (Basic) | $0.01 | $-0.17 | $-0.54 | $-0.96 | $-2.21 | $-1.05 | $-1.10 |
| EPS (Diluted) | $0.01 | $-0.17 | $-0.54 | $-0.96 | $-2.21 | $-1.05 | $-1.10 |
| Shares Outstanding (Basic) | 122.7M | 120.4M | 117.4M | 114.9M | 71.2M | 53.0M | 52.4M |
| Shares Outstanding (Diluted) | 125.1M | 120.4M | 117.4M | 114.9M | 71.2M | 53.0M | 52.4M |
| Dividends Per Share | — | — | — | — | — | — | — |