What is Warby Parker's net margin?

Warby Parker (WRBY) reported net margin of 0.1% in Q3 2025.

How has Warby Parker's net margin changed year-over-year?

Warby Parker's net margin increased by 101.9% year-over-year, from -4.4% to 0.1%.

What is the long-term trend for Warby Parker's net margin?

Over 3 years (2021 to 2024), Warby Parker's net margin has grown at a -53.7% compound annual growth rate (CAGR), from -26.7% to -2.6%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Warby Parker WRBY Net margin

Net margin at other companies

Bausch + LombBLCO

-4.2%-1.3pp

The Cooper Companies, Inc.COO

5.6%-4.8pp

GlaukosGKOS

-34.3%+4.8pp

Other financials

Income statement

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Revenue$242.4M+8.3%

Gross profit$131.0M+4.0%

Operating income$1.7M-32.5%

Net income$3.2M-8.5%

EPS (diluted)$0.030.0%

Balance sheet

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Cash & equivalents$288.2M+8.7%

Total debt$237.6M+6.2%

Total equity$375.8M+6.1%

Total assets$736.4M+7.9%

Cash flow

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Operating cash flow$24.5M-16.5%

CapEx$16.1M-0.1%

Free cash flow$8.4M-36.6%

Valuation

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Market cap$3.19B+17.1%

Enterprise value$3.14B+17.0%

P/E295.8×—

P/S3.6×+0.2×

Profitability

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Gross margin53.4%-1.8pp

Operating margin-0.7%-0.3pp

FCF margin4.5%-0.8pp

Returns & leverage

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Return on equity0.2%+0.1pp

Debt / equity0.6×0.0×

Current ratio2.3×-0.4×

Where this comes from

Calculated from Warby Parker’s reported figures.

net income/total revenue=0.1%

Based on trailing twelve months.

The official record: Warby Parker’s 10-Q, filed November 6, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Warby Parker's net margin?: Warby Parker (WRBY) reported net margin of 0.1% in Q3 2025.
How has Warby Parker's net margin changed year-over-year?: Warby Parker's net margin increased by 101.9% year-over-year, from -4.4% to 0.1%.
What is the long-term trend for Warby Parker's net margin?: Over 3 years (2021 to 2024), Warby Parker's net margin has grown at a -53.7% compound annual growth rate (CAGR), from -26.7% to -2.6%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.