What are Warby Parker's profit margins?

Warby Parker (WRBY) runs a 53.4% gross margin and a -0.7% operating margin, with a 0.1% net margin.

Where do Warby Parker's ratios come from?

Every ratio is computed from Warby Parker's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Warby Parker WRBY Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	53.4%-1.8pp	54%-1.4pp	54.4%-0.9pp	54.5%-0.9pp	55.3%+0.2pp
Operating margin	-0.7%+2.1pp	-0.6%+3.3pp	-0.9%+4.8pp	-2.2%+5.5pp	-2.8%+6.4pp
EBITDA margin	5.1%+2.0pp	5.2%+3.1pp	4.9%+4.7pp	3.7%+5.6pp	3.1%+6.7pp
Free cash flow margin	4.5%-0.8pp	5.2%+0.7pp	4.6%+0.2pp	6.4%+3.0pp	5.3%+3.0pp
Returns
Return on invested capital	-1.9%+5.7pp	-1.7%+8.8pp	-1.4%+14.2pp	-6.2%+14.2pp	-7.6%+16.3pp
Efficiency
Asset turnover	1.3×0.0×	1.2×0.0×	1.3×0.0×	1.2×0.0×	1.2×0.0×
Inventory turnover	8.7×+2.0×	8.3×+2.3×	7.9×+2.2×	7.7×+2.1×	6.8×+1.6×
Liquidity
Current ratio	2.3×-0.4×	2.3×-0.2×	2.6×+0.1×	2.6×0.0×	2.7×+0.2×
Quick ratio	2×-0.3×	2.1×0.0×	2.3×+0.2×	2.2×+0.1×	2.3×+0.3×
Cash ratio	1.9×-0.3×	1.9×0.0×	2.1×+0.2×	2.1×+0.1×	2.2×+0.3×
Leverage
Debt-to-equity	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×+0.1×
Debt-to-assets	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×
Net debt / EBITDA	-1.1×+0.6×	-1.2×+0.6×	-1.1×+32.3×	-1.9×—	-1.7×—
Per Share
Book value per share	$2.99+5.3%	$2.94+4.1%	$2.95+5.8%	$2.95+7.5%	$2.84+7.1%
Valuation
Market capitalization	$2.58B+17.1%	$2.66B-8.6%	$3.36B+71.5%	$2.63B+37.3%	$2.2B+36.5%
Enterprise value	$2.53B+17.0%	$2.61B-9.6%	$3.32B+74.0%	$2.57B+37.6%	$2.16B+37.3%
Price / sales	2.9×+0.1×	3.1×-0.7×	4×+1.3×	3.2×+0.5×	2.8×+0.5×
Price / book	6.9×+0.6×	7.2×-1.3×	9.1×+3.3×	7.3×+1.5×	6.2×+1.1×
EV / EBITDA	55.3×-31.4×	58×-125×	79.7×-1,084×	83.6×—	86.7×—
EV / sales	2.8×+0.1×	3×-0.7×	3.9×+1.3×	3.1×+0.5×	2.7×+0.5×
Free cash flow yield	1.6%-0.4pp	1.7%+0.5pp	1.2%-0.5pp	2%+0.7pp	1.9%+0.9pp

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Questions, answered.

What are Warby Parker's profit margins?: Warby Parker (WRBY) runs a 53.4% gross margin and a -0.7% operating margin, with a 0.1% net margin.
Where do Warby Parker's ratios come from?: Every ratio is computed from Warby Parker's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.