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Warby Parker

WRBY

Warby Parker is a vertically integrated lifestyle brand and healthcare provider specializing in designer eyewear and comprehensive vision care.

Market cap
$3.04B+30.8%
Revenue$911.6M+11.0%
Free cash flow$23.3M-55.6%
Trailing twelve months · change vs. prior year

Earnings

Next report

Nov 5, 2026 (In 3 days)
Revenue estimate$245.1M
EPS estimate$0.09

Financials

Q2 2026

Income statement

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Revenue$235.5M+9.8%
Gross profit$136.5M+20.1%
Operating income$3.2M+170%
Net income$4.6M+365%
EPS (diluted)$0.04+500%

Balance sheet

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Cash & equivalents$292.7M+2.2%
Total debt$251.0M+9.9%
Total equity$392.0M+8.4%
Total assets$772.3M+10.0%

Cash flow

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Operating cash flow$29.6M-26.3%
CapEx$22.9M+40.4%
Free cash flow$6.8M-71.8%

Valuation & ratios

Valuation

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Market cap$3.04B+30.8%
Enterprise value$3B+30.2%
P/S3.3×+0.6×

Profitability

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Gross margin54.7%+0.2pp
Operating margin0.2%+0.1pp
FCF margin2.6%-3.8pp

Returns & leverage

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Debt / equity0.6×0.0×
Current ratio2.3×-0.3×

Segments

By product

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Eyewear$191.8M+8.4%
Contacts$26.6M—
Eye care$17.2M—

Competitors

Profile

Warby Parker is a vertically integrated lifestyle brand and healthcare provider specializing in designer eyewear and comprehensive vision care. The company leverages a direct-to-consumer model to offer high-quality prescription glasses, contact lenses, and eye exams through an omnichannel platform that combines digital tools with a growing physical retail footprint.

Competitive position

A pioneer in the direct-to-consumer eyewear space that disrupts traditional high-cost optical licensing models through in-house design and proprietary distribution.

GeographiesUnited States, Canada
Customer segmentsMass Market Consumers, Value-Conscious Luxury Shoppers
Business modelDirect-to-Consumer (DTC), Omnichannel Retail, Vertically Integrated Manufacturing
SuppliersRaw material suppliers for frames, Optical lens manufacturers, Third-party contact lens manufacturers, Logistics and shipping providers
CustomersIndividual retail consumers, Managed vision care members
Listed2021
Employees3.5K
CEONeil Harris Blumenthal
FilingsSEC EDGAR

FAQ

What is Warby Parker's market cap?
Warby Parker (WRBY) has a market capitalization of $3.0B and trades on NYSE.
What is Warby Parker's revenue and profitability?
Warby Parker generated $911.6M in trailing twelve-month revenue, representing a net margin of 0.1%. Gross margin stands at 54.7%, with free cash flow of $23.3M. The latest reported period is Q2 2026.
Who are Warby Parker's competitors?
Warby Parker's key competitors include National Vision Holdings, Bausch + Lomb Corporation, Bausch Health Companies Inc, and others. These companies compete in similar markets and product categories.
Who does Warby Parker partner with?
Warby Parker's notable partners include UnitedHealth Group.
Where is Warby Parker headquartered?
Warby Parker is headquartered in United States of America and employs approximately 3,491 people. It has been publicly traded since 2021.