Company: WRBY
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001504776-25-000019
Chunk: 15

Company: Warby Parker Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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Warby Parker Inc. and Subsidiaries

Condensed Consolidated Balance Sheets (Unaudited)

(Amounts in thousands, except par value)March 31,2025December 31, 2024AssetsCurrent assets:Cash and cash equivalents$265,074 $254,161 Accounts receivable, net1,473 1,948 Inventory48,606 52,345 Prepaid expenses and other current assets15,444 17,592 Total current assets330,597 326,046 Property and equipment, net173,795 170,464 Right-of-use lease assets170,190 171,284 Other assets8,173 8,696 Total assets$682,755 $676,490 Liabilities and Stockholders’ EquityCurrent liabilities:Accounts payable$26,546 $23,519 Accrued expenses51,796 51,609 Deferred revenue22,513 32,358 Current lease liabilities18,882 20,235 Other current liabilities2,876 2,633 Total current liabilities122,613 130,354 Non-current lease liabilities204,778 205,120 Other liabilities1,275 943 Total liabilities328,666 336,417 Commitments and contingencies (see Note 10)Stockholders’ equity:Common stock, $0.0001 par value; Class A: 750,000 shares authorized at March 31, 2025 and December 31, 2024, 104,503 and 102,889 issued and outstanding at March 31, 2025 and December 31, 2024, respectively; Class B: 150,000 shares authorized at March 31, 2025 and December 31, 2024, 16,904 and 17,961 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively, convertible to Class A on a one-to-one basis12 12 Additional paid-in capital1,039,755 1,029,220 Accumulated deficit(683,749)(687,221)Accumulated other comprehensive loss(1,929)(1,938)Total stockholders’ equity354,089 340,073 Total liabilities and stockholders’ equity$682,755 $676,490 

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