Company: WRBY
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001504776-25-000033
Chunk: 77

Company: Warby Parker Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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 settle the foregoing matters for a total of $1.95 million. The parties entered into a final settlement agreement on October 1, 2024, which the court preliminarily approved in June 2025, and a notice of settlement was sent to the class in July 2025. A final approval hearing is scheduled for February 2026. If the court does not approve the settlement, the litigation will continue. The Company has accrued for the full amount of the proposed settlement.In addition to the matters described above, as of September 30, 2025, the Company is currently involved in other legal proceedings which, in the opinion of the Company’s management, will not materially affect the Company’s financial position, results of operations, or cash flows should such litigation be resolved unfavorably.

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Table of ContentsWarby Parker Inc. and SubsidiariesNotes to Condensed Consolidated Financial Statements (Unaudited)(Amounts in thousands, except per share data)

11. Earnings Per Share

Basic and diluted net income per share is presented in conformity with the two-class method required for participating securities. Under the two-class method, net income is attributed to common stockholders and participating securities based on their participation rights. The Company’s Class A and Class B common stock have, in effect, the same economic rights and share equally in undistributed net income, and as such, net income is allocated proportionately between the them.The computation of earnings per share is as follows:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024NumeratorNet income (loss)$5,874 $(4,072)$7,594 $(13,513)DenominatorWeighted average shares, basic122,963 120,886 122,495 120,042 Dilutive impact of:Stock options1,285 — 1,247 — RSUs and PSUs1,088 — 1,080 — ESPP purchase rights72 — 71 — Weighted average shares, diluted125,408 120,886 124,893 120,042 Earnings (loss) per shareBasic$0.05 $(0.03)$0.06 $(0.11)Diluted$0.05 $(0.03)$0.06 $(0.11)The following potentially dilutive shares were excluded from the computation of diluted earnings per share because including them would