Warby Parker Inc.WRBY

NYSEHealthcareOphthalmic Goods
Price (close)
$26.27
Market cap
$3.3B
P/E
426.7x
Revenue (TTM)
$911.6M
Net income
$7.7M
Dividend yield
—
1-year total return
-4.4%
Net margin
0.8%
Revenue growth
11.0%
Debt / equity
—

What Warby Parker Inc. does.

Warby Parker is a mission-driven, lifestyle brand that operates at the intersection of design, technology, healthcare, and social enterprise. We stand for fun, creativity, and doing good in the world. Every day, our team of over 4,000 employees is focused on our mission to inspire and impact the world with vision, purpose, and style (without charging a premium for it). Our ultimate objective is to provide vision for all.

As a pioneer of the direct-to-consumer model, we design our glasses in-house at our New York City headquarters and sell directly to customers, enabling us to make high-quality, designer eyewear more accessible, with simple, unified pricing starting at $95 including prescription lenses. Since our launch, we’ve expanded beyond glasses to offer comprehensive eye care, including eye exams, contacts, lens enhancements and tech-enabled experiences like Virtual Try-On and Virtual Vision Test, with an aim to make Warby Parker a convenient, one-stop shop for all eye care needs. We operate an integrated, omnichannel platform across digital commerce and 323 retail stores as of December 31, 2025, all designed to make shopping both convenient and fun.

• A customer-first brand that stands for exceptional value and customer experiences . At Warby Parker, we design every customer interaction, both in stores and online, to be consistently thoughtful, frictionless, and delightful. We aim to offer a seamless experience across all our channels, and our business model is designed to provide our customers the best quality at simple, accessible prices. By designing our products in-house and cutting out the middleman, we are able to pass the savings on to customers and offer designer-quality eyewear at prices that are lower than many of our competitors. Our commitment to service, convenience and exceptional value has deepened customer relationships and strengthened brand loyalty. As a result, we have maintained an industry-leading Net Promoter Score (“NPS”) and observed consistent revenue retention across cohorts, with approximately 50% retention over 24 months and over 100% over 48 months.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$393.7M$540.8M$598.1M$669.8M$771.3M$871.9M
Net income-$55.9M-$144.3M-$110.4M-$63.2M-$20.4M$1.6M
Free cash flow$12.7M-$80.5M-$49.8M$7.3M$34.7M$43.7M

More on WRBY.

Figures from Warby Parker Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.