Company: WRBY
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001504776-25-000010
Chunk: 15

Company: Warby Parker Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 15
---
3,191 Other comprehensive loss— — — (882)— (882)Net loss— — — — (63,197)(63,197)Balance as of December 31, 2023117,849 $12 $970,135 $(1,529)$(666,831)$301,787 Stock option exercises441 — 5,411 — — 5,411 Restricted stock unit releases1,980 — — — — — Shares issued in connection with employee stock purchase plan195 — 1,925 — — 1,925 Stock-based compensation48 — 49,220 — — 49,220 Non-cash charitable contributions179 — 2,196 — — 2,196 Other equity activity19 — 333 — — 333 Other comprehensive loss— — — (409)— (409)Net loss— — — — (20,390)(20,390)Balance as of December 31, 2024120,711 $12 $1,029,220 $(1,938)$(687,221)$340,073 

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

78

Warby Parker Inc. and Subsidiaries

Consolidated Statements of Cash Flows

(Amounts in thousands)

Year Ended December 31,202420232022Cash flows from operating activitiesNet loss$(20,390)$(63,197)$(110,393)Adjustments to reconcile net loss to net cash provided by operating activities:Depreciation and amortization45,865 38,554 31,864 Stock-based compensation47,294 70,509 98,032 Non-cash charitable contribution2,196 3,191 3,770 Asset impairment charges816 3,230 1,647 Amortization of cloud-based software implementation costs3,704 2,895 247 Change in operating assets and liabilities:Accounts receivable, net(169)(345)(451)Inventory9,889 6,614 (11,794)Prepaid expenses and other assets(3,233)(3,276)(10,534)Accounts payable689 1,633 (7,943)Accrued expenses9,521 (8,898