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Warby Parker WRBY Operating margin

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Tarsus Pharmaceuticals, Inc.TARS
-8%-3.5pp

Other financials

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

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Market cap$3.31B+12.1%
Enterprise value$3.27B+13.0%
P/E277×
P/S3.6×0.0×

Profitability

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Gross margin54.7%+0.2pp
Net margin0.1%0.0pp
FCF margin2.6%-3.8pp

Returns & leverage

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Return on equity0.2%+0.1pp
Debt / equity0.6×0.0×
Current ratio2.3×-0.3×

Where this comes from

Calculated from Warby Parker’s reported figures.

Based on trailing twelve months.

The source filing: Warby Parker’s 10-Q, filed August 6, 2026. Open the filing →

Filed
Aug 6, 2026, 5:11 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001504776-26-000019

FAQ

What is Warby Parker's operating margin?
Warby Parker (WRBY) reported operating margin of 0.2% in Q2 2026.
How has Warby Parker's operating margin changed year-over-year?
Warby Parker's operating margin increased by 107.7% year-over-year, from -2.2% to 0.2%.
What is the long-term trend for Warby Parker's operating margin?
Over 4 years (2021 to 2025), Warby Parker's operating margin has grown at a -61.0% compound annual growth rate (CAGR), from -26.6% to -0.6%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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