Filing Flows › Warby Parker (WRBY) › Q1 2026
Warby Parker (WRBY) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Warby Parker (WRBY) reported revenue of $242M for the first quarter 2026 (Q1 2026), +8% from a year earlier and +14% from the quarter before. Operating margin was 0.7%, net earnings $3.2M (1.3% of revenue).
Warby Parker, Q1 2026: revenue $242M (+8% year over year), operating margin 0.7%, net earnings $3.2M, operating cash flow $24.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $242M | +14% | +8% |
| Gross profit | $131M | +18% | +4% |
| Operating profit | $1.7M | — | -33% |
| Net earnings | $3.2M | — | -8% |
| Operating cash flow | $24.5M | +5% | -17% |
| Free cash flow | $8.4M | — | -37% |
What changed
Revenue was $242.4M in Q1 2026, up 8% year over year and up 14% from the previous quarter. Eyewear was the largest line at 83% of revenue. Eyewear added $13.6M year over year (up 7%), 73% of the total change.
Gross margin was 54.0%, down 2.2 points from Q1 2025. Operating profit was $1.7M, a 0.7% margin (down 0.4 points year over year). Operating profit fell $804K even though revenue rose $18.7M versus Q1 2025, so costs grew faster than sales. Operating expenses grew 5% against revenue growth of 8%. Net earnings were $3.2M, down 8% year over year. The effective tax rate was 20.5%. Non-operating items added $2.3M, 58% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $24.5M (down 17% year over year), 772% of net earnings. Non-cash charges added back $13.8M of depreciation and amortization and $11.4M of share-based compensation. Working capital and other items used $3.8M. After purchases of property and equipment ($16.1M), free cash flow as the company reports it was $8.4M.
Questions
What was Warby Parker's revenue in the first quarter 2026?
Warby Parker (WRBY) reported revenue of $242M for the first quarter 2026 (Q1 2026), +8% from a year earlier and +14% from the quarter before.
Was Warby Parker profitable in the first quarter 2026?
Operating profit was $1.7M (0.7% of revenue) and net earnings $3.2M.
Source: Warby Parker 10-Q on SEC EDGAR.