Company: WRBY
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001504776-25-000019
Chunk: 16

Company: Warby Parker Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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Table of Contents

Warby Parker Inc. and Subsidiaries

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited)

(Amounts in thousands, except per share data)Three Months Ended March 31,20252024Net revenue$223,782 $200,003 Cost of goods sold97,802 86,544 Gross profit125,980 113,459 Selling, general, and administrative expenses123,509 118,586 Income (loss) from operations2,471 (5,127)Interest and other income, net2,455 2,556 Income (loss) before income taxes4,926 (2,571)Provision for income taxes1,454 108 Net income (loss)$3,472 $(2,679)Earnings per share:Basic$0.03 $(0.02)Diluted$0.03 $(0.02)Weighted average shares outstanding:Basic 121,946119,144Diluted124,627119,144Other comprehensive income (loss)Foreign currency translation adjustment$9 $(91)Total comprehensive income (loss)$3,481 $(2,770)

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

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Table of Contents

Warby Parker Inc. and Subsidiaries

Condensed Consolidated Statements of Changes in Stockholders’ Equity (Unaudited)

(Amounts in thousands)

Three Months Ended March 31, 2025Class A and Class BCommon StockAdditionalPaid-InCapitalAccumulatedOtherComprehensiveIncome (Loss)AccumulatedDeficitTotal Stockholders’EquitySharesAmountBalance as of December 31, 2024120,711 $12 $1,029,220 $(1,938)$(687,221)$340,073 Stock option exercises22 — 256 — — 256 Restricted stock unit releases616 — — — — — Shares withheld for taxes on stock-based compensation(97)— (2,341)(2,341)Stock-based compensation27 — 12,620 — — 12,620 Other comprehensive income— — — 9 — 9 Net income— — — — 3,472 3,472 Balance as of March 31, 2025121,