Company: WRBY
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001504776-25-000033
Chunk: 19

Company: Warby Parker Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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$(1,669)$(680,344)$336,750 

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)Nine Months Ended September 30,20252024Cash flows from operating activitiesNet income (loss)$7,594 $(13,513)Adjustments to reconcile net income (loss) to net cash provided by operating activities:Depreciation and amortization37,179 33,533 Stock-based compensation28,260 38,664 Non-cash charitable contribution2,821 2,196 Asset impairment charges511 522 Amortization of cloud-based software implementation costs2,391 2,862 Change in operating assets and liabilities:Accounts receivable, net805 686 Inventory6,753 9,468 Prepaid expenses and other assets(1,847)(1,148)Accounts payable(11,103)13,267 Accrued expenses17,132 2,728 Deferred revenue(10,361)(12,401)Lease assets and liabilities6,947 2,469 Other liabilities449 (501)Net cash provided by operating activities87,531 78,832 Cash flows from investing activitiesPurchases of property and equipment(51,928)(46,311)Investment in optical equipment company— (2,000)Net cash used in investing activities(51,928)(48,311)Cash flows from financing activitiesProceeds from stock option exercises149 2,686 Shares withheld for taxes on stock-based compensation(11,001)— Proceeds from shares issued in connection with employee stock purchase plan1,169 1,068 Net cash (used in) provided by financing activities(9,683)3,754 Effect of exchange rates on cash279 (137)Net change in cash and cash equivalents26,199 34,138 Cash and cash equivalents, beginning of period254,161 216,894 Cash and cash equivalents, end of period$280,360 $251,032 Supplemental disclosuresCash paid for income taxes$708 $782 Cash paid for interest249 169 Non-cash investing and financing activities:Purchases of property and equipment included in accounts payable and accrued expenses$2,292 $5,553 

The accompanying