Growth & profitability
- Revenue has grown 17.2% per year over the past 5 years.
- Operating margin has expanded, at -0.6% in the latest year.
- Free cash flow has grown 28.1% per year over the past 5 years.
WRBY Financials Warby Parker Inc.
7 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $872M | $2M | 54.0% | -0.6% | 0.4% | 0.2% | $44M | — | $286M |
| 2024 | $771M | -$20M | 55.3% | -3.9% | -6.0% | -3.0% | $35M | — | $254M |
| 2023 | $670M | -$63M | 54.5% | -10.7% | -20.9% | -10.9% | $7M | — | $217M |
| 2022 | $598M | -$110M | 57.0% | -18.6% | -38.5% | -19.4% | -$50M | — | $209M |
| 2021 | $541M | -$144M | 58.8% | -26.6% | -50.4% | -32.7% | -$81M | — | $256M |
| 2020 | $394M | -$56M | 58.9% | -14.1% | 28.2% | -12.6% | $13M | — | $314M |
| 2019 | $370M | $0 | 60.2% | -0.4% | 0.0% | — | -$11M | — | — |
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $236M | $5M | 57.9% | 1.3% | 1.2% | 0.6% | $7M | — | $293M |
| Mar '26 | $242M | $3M | 54.0% | 0.7% | 0.8% | 0.4% | $8M | — | $288M |
| Dec '25 | $212M | -$6M | 52.4% | -3.2% | -1.6% | -0.8% | $8M | — | $286M |
| Sep '25 | $222M | $6M | 54.1% | 1.6% | 1.6% | 0.8% | -$2M | — | $280M |
| Jun '25 | $214M | -$2M | 53.0% | -2.1% | -0.5% | -0.2% | $24M | — | $286M |
| Mar '25 | $224M | $3M | 56.3% | 1.1% | 1.0% | 0.5% | $13M | — | $265M |
| Dec '24 | $191M | -$7M | 54.1% | -4.9% | -2.0% | -1.0% | $2M | — | $254M |
| Sep '24 | $192M | -$4M | 54.5% | -3.4% | -1.2% | -0.6% | $13M | — | $251M |
| Jun '24 | $188M | -$7M | 56.0% | -4.8% | -2.1% | -1.1% | $14M | — | $238M |
| Mar '24 | $200M | -$3M | 56.7% | -2.6% | -0.8% | -0.5% | $5M | — | $220M |
| Dec '23 | $162M | -$19M | 53.8% | -13.3% | -6.3% | -3.3% | $92000 | — | $217M |
| Sep '23 | $170M | -$17M | 54.6% | -11.6% | -5.7% | -3.0% | $4M | — | $216M |
| Jun '23 | $166M | -$16M | 54.6% | -11.0% | -5.3% | -2.8% | $7M | — | $213M |
| Mar '23 | $172M | -$11M | 55.1% | -7.2% | -3.6% | -1.9% | -$4M | — | $204M |
| Dec '22 | $146M | -$20M | 55.1% | -14.8% | -7.1% | -3.6% | $10M | — | $209M |
| Sep '22 | $149M | -$11M | 56.7% | -15.9% | -3.6% | -2.0% | -$13M | — | $198M |
| Jun '22 | $150M | -$32M | 57.7% | -21.4% | -11.4% | -5.9% | -$20M | — | $212M |
| Mar '22 | $153M | -$34M | 58.5% | -22.0% | -12.2% | -6.3% | -$26M | — | $230M |
| Dec '21 | $133M | -$46M | 57.4% | -34.5% | -16.1% | -10.4% | -$46M | — | $256M |
| Sep '21 | $137M | -$91M | 58.0% | -67.0% | -31.2% | -19.8% | -$8M | — | $266M |
Valuation over time
How the market has priced WRBY against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has risen from 1642.0× (Dec '25) to 1755.1× (Sep '26).
- The price-to-sales ratio has risen from 2.2× (Mar '23) to 3.3× (Sep '26).
P/E
P/S
Frequently asked questions
Is WRBY growing its revenue and profit?
Over the past 5 years, Warby Parker Inc.'s revenue has grown 17.2% per year. These are computed facts, not advice.
How much debt does WRBY have?
As of FY2025, Warby Parker Inc. reported — of total debt against $286M of cash.
What is WRBY's profit margin?
In FY2025, gross margin was 54.0%, operating margin -0.6%, and net margin 0.2%.
What is WRBY's P/E ratio?
As of Sep '26, Warby Parker Inc. traded at a price-to-earnings ratio of about 1755.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.