Company: WRBY
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001504776-25-000019
Chunk: 17

Company: Warby Parker Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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279 $12 $1,039,755 $(1,929)$(683,749)$354,089 

Three Months Ended March 31, 2024Class A and Class BCommon StockAdditionalPaid-InCapitalAccumulatedOtherComprehensiveIncome (Loss)AccumulatedDeficitTotal Stockholders’ EquitySharesAmountBalance as of December 31, 2023117,849 $12 $970,135 $(1,529)$(666,831)$301,787 Stock option exercises67 — 905 — — 905 Restricted stock unit releases563 — — — — — Stock-based compensation— — 16,265 — — 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 

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

5

Warby Parker Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows (Unaudited)

(Amounts in thousands)Three Months Ended March 31,20252024Cash flows from operating activitiesNet income (loss)$3,472 $(2,679)Adjustments to reconcile net income (loss) to net cash provided by operating activities:Depreciation and amortization12,162 10,583 Stock-based compensation12,333 14,048 Non-cash charitable contribution— — Asset impairment charges311 399 Amortization of cloud-based software implementation costs737 1,073 Change in operating assets and liabilities:Accounts receivable, net475 612 Inventory3,739 5,784 Prepaid expenses and other assets1,934 (2,913)Accounts payable4,626 3,327 Accrued expenses(560)(108)Deferred revenue(9,845)(10,377)Lease assets and liabilities(601)(263)Other liabilities575 441 Net cash provided by operating activities29,358 19,927 Cash flows from investing activitiesPurchases of property and equipment(16,152)(14,437)Investment in optical equipment company— (2,000)Net cash