Warby Parker Inc. (WRBY) FY2025 10-K Annual Report
Warby Parker Inc. (WRBY) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 26, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Warby Parker Inc. FY2025 10-K Analysis
Business Overview
- • Core direct-to-consumer eyewear brand integrating design, technology, healthcare, and social enterprise with 323 retail stores and digital commerce
- • New AI-powered intelligent eyewear partnerships with Google and Samsung announced in 2025, expanding market beyond traditional glasses
Management Discussion & Analysis
- • Revenue $871.9M in 2025, up 13% YoY from $771.3M in 2024
- • Gross margin slightly declined to 54.0% in 2025 from 55.3% in 2024
Risk Factors
- • Regulatory/legal risk: Costs impacted by evolving international trade policies and tariffs, with proactive supplier diversification outside China to manage volatility
- • Geopolitical/macroeconomic risk: Trade environment and inflation pressures in 2025 increased cost of goods sold 16.5% to $401.3M, reducing gross margin 130 bps to 54.0%
Warby Parker Inc. FY2025 Key Financial MetricsXBRL
Revenue
$872M
▲ +13.0% YoY
Net Income
$2M
▲ +108.0% YoY
Gross Margin
54.0%
▼ -137bp YoY
Operating Margin
-0.6%
▲ +329bp YoY
Net Margin
0.2%
▲ +283bp YoY
ROE
0.4%
▲ +644bp YoY
Total Assets
$721M
▲ +6.6% YoY
EPS (Diluted)
$0.01
▲ +105.9% YoY
Operating Cash Flow
$111M
▲ +12.2% YoY
Source: XBRL data from Warby Parker Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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