Filing Flows › Warby Parker (WRBY) › Q2 2025
Warby Parker (WRBY) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Warby Parker (WRBY) reported revenue of $214M for the second quarter 2025 (Q2 2025), +14% from a year earlier and -4% from the quarter before. Operating margin was -2.1%, net loss $1.8M (0.8% of revenue).
Warby Parker, Q2 2025: revenue $214M (+14% year over year), operating margin -2.1%, net loss $1.8M, operating cash flow $40.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $214M | -4% | +14% |
| Operating profit | −$4.5M | -283% | — |
| Net earnings | −$1.8M | -150% | — |
| Operating cash flow | $40.2M | +37% | +27% |
| Free cash flow | $23.9M | — | +71% |
What changed
Revenue was $214.5M in Q2 2025, up 14% year over year and down 4% from the previous quarter. Eyewear was the largest line at 94% of revenue. Eyewear added $22.3M year over year (up 12%), 85% of the total change.
Gross margin was 53.0%, down 3.0 points from a year earlier. Operating costs exceeded revenue by $4.5M, an operating margin of -2.1%. Operating expenses grew 3% against revenue growth of 14%. The quarter ended with a net loss of $1.8M, after a profit of $3.5M the previous quarter. Non-operating items added $2.0M, -78% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $40.2M (up 27% year over year). Non-cash charges added back $12.5M of depreciation and amortization and $8.9M of share-based compensation. Working capital and other items added $20.6M. After purchases of property and equipment ($16.3M), free cash flow as the company reports it was $23.9M.
Questions
What was Warby Parker's revenue in the second quarter 2025?
Warby Parker (WRBY) reported revenue of $214M for the second quarter 2025 (Q2 2025), +14% from a year earlier and -4% from the quarter before.
Was Warby Parker profitable in the second quarter 2025?
Operating loss was $4.5M (-2.1% of revenue) and net loss $1.8M.
Source: Warby Parker 10-Q on SEC EDGAR.