Company: WRBY
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001504776-25-000033
Chunk: 66

Company: Warby Parker Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 66
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)(Amounts in thousands, except per share data)

3. Property and Equipment, Net

Property and equipment, net consists of the following:September 30,2025December 31, 2024Leasehold improvements$211,365 $189,890 Computers and equipment59,963 46,186 Furniture and fixtures40,997 36,037 Capitalized software46,337 36,534 Construction in process16,083 20,460 374,745 329,107 Less: accumulated depreciation and amortization(192,169)(158,643)Property and equipment, net$182,576 $170,464 Depreciation and amortization expense consists of the following:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Cost of goods sold$9,048 $7,770 $26,461 $22,245 Selling, general, and administrative expenses3,484 4,059 10,718 11,288 Total depreciation and amortization expense$12,532 $11,829 $37,179 $33,533 

4. Accrued Expenses

Accrued expenses consists of the following:September 30,2025December 31, 2024Product and fulfillment$22,250 $15,273 Marketing13,892 9,333 Payroll related10,911 10,409 Professional services4,637 2,193 Legal3,966 2,338 Retail related3,400 5,929 Charitable contributions2,973 3,315 Other5,612 2,819 Total accrued expenses$67,641 $51,609 

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

5. Income Taxes

The Company uses the estimated annual effective tax rate approach to determine the provision for income taxes. The estimated annual effective tax rate is based on forecasted annual results and may fluctuate due to differences between the forecasted and actual results, changes in valuation allowances, and any other transactions that result in differing tax treatment.The Company's income tax provision and effective tax rate were as follows:Three Months Ended September 30,Nine Months Ended September 30,202520242025