Company: WRBY
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001504776-25-000019
Chunk: 18

Company: Warby Parker Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 used in investing activities(16,152)(16,437)Cash flows from financing activitiesProceeds from stock option exercises39 91 Shares withheld for taxes on stock-based compensation(2,341)— Net cash (used in) provided by financing activities(2,302)91 Effect of exchange rates on cash9 (91)Net change in cash and cash equivalents10,913 3,490 Cash and cash equivalents, beginning of period254,161 216,894 Cash and cash equivalents, end of period$265,074 $220,384 Supplemental disclosuresCash paid for income taxes$37 $69 Cash paid for interest104 76 Non-cash investing and financing activities:Purchases of property and equipment included in accounts payable and accrued expenses$4,911 $4,582 

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

6

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

1. Description of Business

Warby Parker Inc., a public benefit corporation founded in 2010 (together with its wholly owned subsidiaries, the “Company”), is a founder-led, mission-driven lifestyle brand that sits at the intersection of technology, design, healthcare, and social enterprise. The Company offers holistic vision care by selling eyewear products and providing optical services directly to consumers through its retail stores and e-commerce platform. For every pair of glasses or sunglasses sold, the Company helps distribute a pair of glasses to someone in need through its Buy a Pair, Give a Pair program. The Company is headquartered in New York, New York.

2. Summary of Significant Accounting Policies

Basis of PresentationThe Company’s unaudited condensed consolidated financial statements have been prepared and are presented in accordance with United States generally accepted accounting principles (“U.S. GAAP”). Certain information and disclosures normally included in consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to the applicable rules and regulations of the Securities and Exchange Commission. Accordingly, these condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements for the year ended December 31, 2024 and the related notes. The December 31, 2024 condensed consolidated balance sheet was derived from the Company’s audited consolidated financial statements as of that date. The unaudited interim condensed consolidated financial statements include