Company: WRBY
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001504776-25-000027
Chunk: 15

Company: Warby Parker Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 15
---
Warby Parker Inc. and Subsidiaries

Condensed Consolidated Balance Sheets (Unaudited)

(Amounts in thousands, except par value)June 30,2025December 31, 2024AssetsCurrent assets:Cash and cash equivalents$286,384 $254,161 Accounts receivable, net1,139 1,948 Inventory43,268 52,345 Prepaid expenses and other current assets15,306 17,592 Total current assets346,097 326,046 Property and equipment, net177,156 170,464 Right-of-use lease assets170,240 171,284 Other assets8,406 8,696 Total assets$701,899 $676,490 Liabilities and stockholders’ equityCurrent liabilities:Accounts payable$26,037 $23,519 Accrued expenses60,571 51,609 Deferred revenue21,522 32,358 Current lease liabilities24,632 20,235 Other current liabilities2,771 2,633 Total current liabilities135,533 130,354 Non-current lease liabilities203,747 205,120 Other liabilities1,168 943 Total liabilities340,448 336,417 Commitments and contingencies (see Note 10)Stockholders’ equity:Common stock, $0.0001 par value; Class A: 750,000 shares authorized at June 30, 2025 and December 31, 2024, 105,012 and 102,889 issued and outstanding at June 30, 2025 and December 31, 2024, respectively; Class B: 150,000 shares authorized at June 30, 2025 and December 31, 2024, 16,946 and 17,961 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively, convertible to Class A on a one-to-one basis12 12 Additional paid-in capital1,048,699 1,029,220 Accumulated deficit(685,501)(687,221)Accumulated other comprehensive loss(1,759)(1,938)Total stockholders’ equity361,451 340,073 Total liabilities and stockholders’ equity$701,899 $676,490 

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