Company: WRBY
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001504776-25-000027
Chunk: 18

Company: Warby Parker Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 16,265 Other comprehensive loss— — — (91)— (91)Net loss— — — — (2,679)(2,679)Balance as of March 31, 2024118,479 $12 $987,305 $(1,620)$(669,510)$316,187 Stock option exercises286 — 3,179 — — 3,179 Restricted stock unit releases509 — — — — — Shares issued in connection with employee stock purchase plan110 — 1,069 — — 1,069 Stock-based compensation48 — 13,539 — — 13,539 Non-cash charitable contributions179 — 2,196 — — 2,196 Other comprehensive loss— — — (18)— (18)Net loss— — — — (6,762)(6,762)Balance as of June 30, 2024119,611 $12 $1,007,288 $(1,638)$(676,272)$329,390 

The accompanying notes are an integral part of these condensed consolidated financial statements.

6

Warby Parker Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows (Unaudited)

(Amounts in thousands)Six Months Ended June 30,20252024Cash flows from operating activitiesNet income (loss)$1,720 $(9,441)Adjustments to reconcile net income (loss) to net cash provided by operating activities:Depreciation and amortization24,648 21,704 Stock-based compensation21,229 27,879 Non-cash charitable contribution2,821 2,196 Asset impairment charges486 421 Amortization of cloud-based software implementation costs1,488 2,008 Change in operating assets and liabilities:Accounts receivable, net809 571 Inventory9,077 8,888 Prepaid expenses and other assets1,085 (61)Accounts payable1,846 1,384 Accrued expenses10,752 5,187 Deferred revenue(10,836)(10,565)Lease assets and liabilities4,067 1,956 Other liabilities365 (577)Net cash provided by operating activities69,557 51,550 Cash flows