Filing Flows › Warby Parker (WRBY) › Q3 2025
Warby Parker (WRBY) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Warby Parker (WRBY) reported revenue of $222M for the third quarter 2025 (Q3 2025), +15% from a year earlier and +3% from the quarter before. Operating margin was 1.6%, net earnings $5.9M (2.6% of revenue).
Warby Parker, Q3 2025: revenue $222M (+15% year over year), operating margin 1.6%, net earnings $5.9M, operating cash flow $18.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $222M | +3% | +15% |
| Gross profit | $120M | +6% | +14% |
| Operating profit | $3.6M | — | — |
| Net earnings | $5.9M | — | — |
| Operating cash flow | $18.0M | -55% | -34% |
What changed
Revenue was $221.7M in Q3 2025, up 15% year over year and up 3% from the previous quarter. Eyewear was the largest line at 93% of revenue. Eyewear added $25.1M year over year (up 14%), 86% of the total change.
Gross margin was 54.1%, down 0.4 points from a year earlier. Operating profit was $3.6M, a 1.6% margin (up 5.0 points year over year). Operating expenses grew 4% against revenue growth of 15%. Net earnings were $5.9M. The effective tax rate was -2.2%. Non-operating items added $2.2M, 38% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $18.0M (down 34% year over year), 306% of net earnings. Non-cash charges added back $12.5M of depreciation and amortization and $7.0M of share-based compensation. Working capital and other items used $7.5M. Capital expenditures of $19.5M exceeded it, leaving free cash flow of −$1.5M.
Questions
What was Warby Parker's revenue in the third quarter 2025?
Warby Parker (WRBY) reported revenue of $222M for the third quarter 2025 (Q3 2025), +15% from a year earlier and +3% from the quarter before.
Was Warby Parker profitable in the third quarter 2025?
Operating profit was $3.6M (1.6% of revenue) and net earnings $5.9M.
Source: Warby Parker 10-Q on SEC EDGAR.