Company: WRBY
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001504776-25-000010
Chunk: 1

Company: Warby Parker Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 1
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Table of Contents

Item 8. Financial Statements and Supplementary Data

Warby Parker Inc.

Index to Consolidated Financial Statements

Reports of Independent Registered Public Accounting Firm (PCAOB ID: 42)73Consolidated Balance Sheets76Consolidated Statements of Operations and Comprehensive Loss77Consolidated Statements of Changes in Stockholders’ Equity78Consolidated Statements of Cash Flows79Notes to Consolidated Financial Statements80Note 1Description of Business80Note 2Summary of Significant Accounting Policies80Note 3Property and Equipment, Net87Note 4Accrued Expenses87Note 5Income Taxes88Note 6Stockholders’ Equity90Note 7Stock-Based Compensation91Note 8Leases94Note 9Segment Information95Note 10Defined Contribution Retirement Plan96Note 11Commitments and Contingencies96Note 12Earnings Per Share97Note 13Related-Party Transactions98Note 14Subsequent Events98

72

Table of Contents

Report of Independent Registered Public Accounting Firm

To the Shareholders and the Board of Directors of Warby Parker Inc.

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets of Warby Parker Inc. and subsidiaries (the Company) as of December 31, 2024 and 2023, the related consolidated statements of operations and comprehensive loss, changes in stockholders’ equity and cash flows for each of the three years in the period ended December 31, 2024, and the related notes (collectively referred to as the “consolidated financial statements”). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company at December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2024, in conformity with U.S. generally accepted accounting principles.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company's internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework), and our report dated February 27, 2025 expressed an unqualified opinion thereon.

Basis for Opinion

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an