Company: WRBY
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001504776-25-000027
Chunk: 76

Company: Warby Parker Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 76
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.The computation of earnings per share is as follows:Three Months Ended June 30,Six Months Ended June 30,2025202420252024NumeratorNet (loss) income$(1,752)$(6,762)$1,720 $(9,441)DenominatorWeighted average shares, basic122,565 120,086 122,257 119,615 Dilutive impact of:Stock options— — 1,224 — RSUs— — 2,179 — ESPP purchase rights— — 59 — Weighted average shares, diluted122,565 120,086 125,719 119,615 Earnings Per ShareBasic$(0.01)$(0.06)$0.01 $(0.08)Diluted$(0.01)$(0.06)$0.01 $(0.08)The following potentially dilutive shares were excluded from the computation of diluted earnings per share because including them would have been antidilutive:Three Months Ended June 30,Six Months Ended June 30,2025202420252024Stock options1,654 1,803 — 1,803 Unvested restricted stock units2,920 3,640 925 3,640 Unvested performance stock units4,633 4,398 4,633 4,398 ESPP purchase rights290 362 — 362 

12. Related-Party Transactions

As a private company, the Company issued secured promissory notes collateralized by the stock purchased by certain Company executives in relation to the exercise of employee stock options. As the promissory notes are secured by the underlying shares they have been treated as non-recourse notes in the condensed consolidated financial statements. The promissory notes were issued with a term of 8.5 years and an interest rate equal to the minimum applicable federal mid-term rate in the month the loan was issued. The secured promissory notes were recorded as a reduction to equity offsetting the amount in additional paid-in-capital related to the exercised options funded by the notes.The loans had a balance of $2.2 million at both June 30, 2025 and December 31, 2024. No loans are outstanding with any of our named executive officers, and no new promissory notes have been issued since 2021. The loans outstanding had a weighted average remaining term of