Company: WRBY
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001504776-25-000033
Chunk: 15

Company: Warby Parker Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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Warby Parker Inc. and Subsidiaries

Condensed Consolidated Balance Sheets (Unaudited)

(Amounts in thousands, except par value)September 30,2025December 31, 2024AssetsCurrent assets:Cash and cash equivalents$280,360 $254,161 Accounts receivable, net1,143 1,948 Inventory45,592 52,345 Prepaid expenses and other current assets16,962 17,592 Total current assets344,057 326,046 Property and equipment, net182,576 170,464 Right-of-use lease assets171,508 171,284 Other assets8,780 8,696 Total assets$706,921 $676,490 Liabilities and stockholders’ equityCurrent liabilities:Accounts payable$10,886 $23,519 Accrued expenses67,641 51,609 Deferred revenue21,997 32,358 Current lease liabilities28,641 20,235 Other current liabilities2,900 2,633 Total current liabilities132,065 130,354 Non-current lease liabilities203,885 205,120 Other liabilities1,346 943 Total liabilities337,296 336,417 Commitments and contingencies (see Note 10)Stockholders’ equity:Common stock, $0.0001 par value; Class A: 750,000 shares authorized at September 30, 2025 and December 31, 2024, 105,602 and 102,889 issued and outstanding at September 30, 2025 and December 31, 2024, respectively; Class B: 150,000 shares authorized at September 30, 2025 and December 31, 2024, 16,563 and 17,961 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively, convertible to Class A on a one-to-one basis12 12 Additional paid-in capital1,050,899 1,029,220 Accumulated deficit(679,627)(687,221)Accumulated other comprehensive loss(1,659)(1,938)Total stockholders’ equity369,625 340,073 Total liabilities and stockholders’ equity$706,921 $676,490 

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