Company: WRBY
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001504776-25-000010
Chunk: 5

Company: Warby Parker Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 5
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Other assets8,696 7,056 Total assets$676,490 $580,312 Liabilities and Stockholders’ EquityCurrent liabilities:Accounts payable$23,519 $22,456 Accrued expenses51,609 46,320 Deferred revenue32,358 31,617 Current lease liabilities20,235 24,286 Other current liabilities2,633 2,411 Total current liabilities130,354 127,090 Non-current lease liabilities205,120 150,171 Other liabilities943 1,264 Total liabilities336,417 278,525 Commitments and contingencies (see Note 11)Stockholders’ equity:Common stock, $0.0001 par value; Class A: 750,000 shares authorized at December 31, 2024 and 2023, 102,889 and 98,368 shares issued and outstanding as of December 31, 2024 and 2023, respectively; Class B: 150,000 shares authorized at December 31, 2024 and 2023, 17,961 and 19,789 shares issued and outstanding as of December 31, 2024 and 2023, respectively, convertible to Class A on a one-to-one basis12 12 Additional paid-in capital1,029,220 970,135 Accumulated deficit(687,221)(666,831)Accumulated other comprehensive income(1,938)(1,529)Total stockholders’ equity340,073 301,787 Total liabilities and stockholders’ equity$676,490 $580,312 

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

76

Warby Parker Inc. and Subsidiaries

Consolidated Statements of Operations and Comprehensive Loss

(Amounts in thousands, except per share data)

Year Ended December 31,202420232022Net revenue$771,315 $669,765 $598,112 Cost of goods sold344,481 304,541 257,050 Gross profit426,834 365,224 341,062 Selling, general, and administrative expenses456,946 437,220 452,265 Loss from operations(30,112)(71,996)(111,203)Interest and other income, net10,597 9,232 1,307 Loss before income taxes(19,515