Company: WRBY
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001504776-25-000027
Chunk: 37

Company: Warby Parker Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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5. 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 June 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 (loss) income per share is presented in conformity with the two-class method required for participating securities. Under the two-class method, net (loss) 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 (loss) income, and as such, net (loss) income is allocated proportionately between the them.The computation of earnings per share is as follows:Three Months Ended June 30,Six Months Ended June 30,2025202420252024NumeratorNet (loss) income$(1,752)$(6,762)$1,720 $(9,441)DenominatorWeighted average shares, basic122,565 120,086 122,257 119,615 Dilutive impact of:Stock options— — 1,224 — RSUs— — 2,179 — ESPP purchase rights— — 59 — Weighted average shares, diluted122,565 120,086 125,719 119,615 Earnings Per ShareBasic$(0.01)$(0.06)$0.01 $(0.08)Diluted$(0.01)$(0.06)$0.01 $(0.08)The following potentially dilutive shares were excluded from the computation of diluted earnings per share because including them would have been antidilutive:Three Months Ended June 30,Six Months Ended June 30,2025202420252024Stock options1,654 1,803 — 1,803 Unvested restricted stock units2,920 3,640