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Warby Parker WRBY Deferred Revenue, Unredeemed Gift Cards

Deferred Revenue, Unredeemed Gift Cards at other companies

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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
Net margin0.1%0.0pp
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

Reported directly by Warby Parker in its filing.

Tagged under the XBRL concept wrby:DeferredRevenueUnredeemedGiftCards.

The official record: Warby Parker’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Warby Parker's deferred revenue, unredeemed gift cards?
Warby Parker (WRBY) reported deferred revenue, unredeemed gift cards of $3M in Q1 2026.
How has Warby Parker's deferred revenue, unredeemed gift cards changed year-over-year?
Warby Parker's deferred revenue, unredeemed gift cards increased by 15.4% year-over-year, from $2.6M to $3M.
What is the long-term trend for Warby Parker's deferred revenue, unredeemed gift cards?
Over 3 years (2022 to 2025), Warby Parker's deferred revenue, unredeemed gift cards has grown at a -0.9% compound annual growth rate (CAGR), from $3.6M to $3.5M.
What does deferred revenue, unredeemed gift cards mean?
This represents the liability for gift cards sold to customers that have not yet been redeemed for products or services. It serves as a leading indicator of future revenue and customer engagement. High levels of unredeemed gift cards suggest strong brand loyalty and a future pipeline of sales.