Filing Flows › Warby Parker (WRBY) › Q4 2025
Warby Parker (WRBY) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Warby Parker (WRBY) reported revenue of $212M for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and -4% from the quarter before. Operating margin was -3.2%, net loss $6.0M (2.8% of revenue).
Warby Parker, Q4 2025: revenue $212M (+11% year over year), operating margin -3.2%, net loss $6.0M, operating cash flow $23.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $212M | -4% | +11% |
| Operating profit | −$6.9M | -292% | — |
| Net earnings | −$6.0M | -201% | — |
| Operating cash flow | $23.3M | +29% | +17% |
| Free cash flow | $8.1M | — | +271% |
What changed
Revenue was $212.0M in Q4 2025, up 11% year over year and down 4% from the previous quarter.
Gross margin was 52.4%, down 1.7 points from a year earlier. Operating costs exceeded revenue by $6.9M, an operating margin of -3.2%. Operating expenses grew 5% against revenue growth of 11%. The quarter ended with a net loss of $6.0M, after a profit of $5.9M the previous quarter. Non-operating items added $1.8M, -35% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $23.3M (up 17% year over year). Non-cash charges added back $13.1M of depreciation and amortization and $6.3M of share-based compensation. Working capital and other items added $9.8M. After purchases of property and equipment ($15.1M), free cash flow as the company reports it was $8.1M.
Questions
What was Warby Parker's revenue in the fourth quarter 2025?
Warby Parker (WRBY) reported revenue of $212M for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and -4% from the quarter before.
Was Warby Parker profitable in the fourth quarter 2025?
Operating loss was $6.9M (-3.2% of revenue) and net loss $6.0M.
Source: Warby Parker 10-K on SEC EDGAR.