← Warby Parker Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | $0 | ($55.9m) |
($144.3m)
-158.00%
|
($110.4m)
+23.48%
|
($63.2m)
+42.75%
|
($20.4m)
+67.74%
|
$1.6m
+108.05%
|
— | |
| Depreciation and amortization | $14.5m | $18.4m | $21.9m | $31.9m | $38.6m | $45.9m | $50.3m | $53.5m | |
| Amortization of cloud-based software implementation costs | — | — | $0 | $247k | $2.9m | $3.7m | $3.4m | — | |
| Stock-based compensation | $8.5m | $44.9m | $107.1m | $98.0m | $70.5m | $47.3m | $34.5m | $34.6m | |
| Shares withheld for taxes on stock-based compensation | — | $0 | ($2.5m) | $0 | $0 | $0 | ($14.4m) | — | |
| Asset impairment charges | — | $614k | $317k | $1.6m | $3.2m | $816k | $557k | $702k | |
| Accounts receivable, net | ($644k) | $517k | ($392k) | ($451k) | ($345k) | ($169k) | ($1.3m) | ($941k) | |
| Inventory | ($12.6m) | ($10.0m) | ($18.6m) | ($11.8m) | $6.6m | $9.9m | $7.8m | $1.2m | |
| Accounts payable | $5.5m | $5.9m | ($11.1m) | ($7.9m) | $1.6m | $689k | $8.5m | $13.4m | |
| Purchases of property and equipment included in accounts payable and accrued expenses | $4.2m | $3.1m | $4.2m | $4.0m | $3.6m | $4.4m | $5.2m | ($73.6m) | |
| Accrued expenses | $1.4m | $16.6m | $9.5m | $2.7m | ($8.9m) | $9.5m | ($2.7m) | ($2.6m) | |
| Deferred revenue | $2.1m | $7.3m | ($4.5m) | $3.6m | $6.0m | $741k | $1.5m | — | |
| Prepaid expenses and other assets | ($940k) | ($67k) | ($6.9m) | ($10.3m) | ($3.3m) | ($3.2m) | ($5.6m) | — | |
| Other liabilities | ($32k) | $2.3m | ($1.6m) | $1.7m | ($408k) | ($99k) | $1.1m | — | |
| Net cash provided by operating activities | $21.4m |
$32.8m
+53.12%
|
($32.0m)
-197.67%
|
$10.4m
+132.41%
|
$61.0m
+488.15%
|
$98.7m
+61.90%
|
$110.8m
+12.19%
|
$95.4m
-13.93%
|
|
| Purchases of property and equipment | ($32.6m) | ($20.1m) | ($48.5m) | ($60.2m) | ($53.7m) | ($64.0m) | ($67.0m) | ($73.6m) | |
| Investment in optical equipment company | — | — | $0 | $0 | ($1.0m) | ($2.0m) | $0 | — | |
| Net cash used in investing activities | ($32.6m) | ($20.1m) | ($48.5m) | ($60.2m) | ($54.7m) | ($66.0m) | ($67.0m) | ($73.6m) | |
| Other financing activity | $590k | $945k | $31.6m | $91k | $0 | $333k | $30k | — | |
| Net cash (used in) provided by financing activities | ($83.4m) |
$245.9m
+395.02%
|
$23.0m
-90.65%
|
$3.3m
-85.69%
|
$2.9m
-12.76%
|
$5.0m
+72.80%
|
($12.0m)
-341.83%
|
— | |
| Effect of exchange rates on cash | $237k | $37k | ($161k) | ($1.3m) | ($882k) | ($404k) | $457k | — | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Non-cash charitable contribution | $0 | $0 | $7.8m | $3.8m | $3.2m | $2.2m | $2.8m | — | |
| Lease assets and liabilities | — | — | $0 | $7.4m | $4.5m | $1.9m | $8.3m | — | |
| Proceeds from stock option exercises | $297k | $1.3m | $20.0m | $456k | $1.0m | $2.7m | $159k | — | |
| Proceeds from shares issued in connection with ESPP | — | — | $0 | $2.7m | $1.8m | $1.9m | $2.2m | — | |
| Net increase in cash and cash equivalents | ($94.4m) | $258.7m | ($57.7m) | ($47.8m) | $8.3m | $37.3m | $32.2m | — | |
| Beginning of year | $55.4m | $314.1m | $256.4m | $208.6m | $216.9m | $254.2m | $286.4m | — | |
| Cash paid for income taxes | $369k | $230k | $356k | $536k | $419k | $1.0m | $776k | — | |
| Cash paid for interest | $88k | $466k | $150k | $184k | $227k | $246k | $325k | — |