Company: WRBY
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001504776-25-000027
Chunk: 85

Company: Warby Parker Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 85
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984 2,567 4,439 5,123 (Loss) income before income taxes(2,541)(6,389)2,385 (8,960)Provision for income taxes(789)373 665 481 Net (loss) income$(1,752)$(6,762)$1,720 $(9,441)

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Three Months Ended June 30,Six Months Ended June 30,2025202420252024% of Net Revenue% of Net RevenueNet revenue100.0 %100.0 %100.0 %100.0 %Cost of goods sold47.0 %44.0 %45.3 %43.6 %Gross profit53.0 %56.0 %54.7 %56.4 %Selling, general, and administrative expenses55.1 %60.8 %55.1 %60.0 %Loss from operations(2.1)%(4.8)%(0.4)%(3.6)%Interest and other income, net0.9 %1.4 %1.0 %1.3 %(Loss) income before income taxes(1.2)%(3.4)%0.6 %(2.3)%Provision for income taxes(0.4)%0.2 %0.2 %0.1 %Net (loss) income(0.8)%(3.6)%0.4 %(2.4)%

Components of Results of Operations

Net Revenue

We primarily derive revenue from the sales of eyewear products, optical services and accessories. We sell products and services through our stores, website, and mobile apps. Revenue generated from eyewear includes the sales of prescription and non-prescription optical glasses and sunglasses, contact lenses, eyewear accessories, lens replacements, and customer charges for optional expedited shipping. Revenue generated from vision care consists of in-person eye exams and prescriptions issued through the Virtual Vision Test app. Revenue from products is recognized when the customer takes possession of the product, either at the point of delivery or in-store pickup, and is recorded net of returns and discounts. Revenue for services is recognized when the service is rendered and is recorded net of discounts.

Cost of Goods Sold

Cost of goods sold includes the costs incurred to acquire materials, assemble, and sell our finished products. Such costs include (i) product costs,