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Warby Parker vs Innovative Eyewear: WRBY and LUCY compared
Warby Parker is the larger company: $245M of revenue in its latest quarter (Q3 2026) against $1.0M for Innovative Eyewear (Q3 2026). Innovative Eyewear is growing faster (+51% against +10% a year earlier). Warby Parker is more profitable, with an operating margin of 1.5% against -226.5%.
Where the money goes: WRBY and LUCY
Warby Parker (WRBY) · Q3 2026
Warby Parker, Q3 2026: revenue $245M (+10% year over year), operating margin 1.5%, net earnings $5.6M, operating cash flow $24.7M. The chart follows the revenue to costs, profit and cash.
Innovative Eyewear (LUCY) · Q3 2026
Innovative Eyewear, Q3 2026: revenue $1.0M (+51% year over year), operating margin -226.5%, net loss $2.3M, operating cash flow −$1.5M. The chart follows the revenue to costs, profit and cash.
| Warby Parker (WRBY) | Innovative Eyewear (LUCY) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $245M | $1.0M |
| Revenue growth, Y/Y | +10% | +51% |
| Gross margin | 54.4% | — |
| Operating margin | 1.5% | -226.5% |
| Net earnings | $5.6M | −$2.3M |
| Net margin | 2.3% | -226.5% |
| Operating cash flow | $24.7M | −$1.5M |
| Market value | $3.1B | — |
| Analysts’ mean target | $32.25 | — |
Where the revenue comes from
Warby Parker
- Eyewear: $198M (81%)
- Contacts: $27.9M (11%)
- Eye care: $18.8M (8%)
Innovative Eyewear
- E-commerce channels: $780K (77%)
- Wholesale channels: $223K (22%)
- App store subscriptions: $6K (1%)
Questions
Which is bigger, Warby Parker or Innovative Eyewear?
Warby Parker is the larger company: $245M of revenue in its latest quarter (Q3 2026) against $1.0M for Innovative Eyewear (Q3 2026).
Is Warby Parker or Innovative Eyewear growing faster?
Innovative Eyewear is growing faster (+51% against +10% a year earlier).
Which is more profitable, Warby Parker or Innovative Eyewear?
Warby Parker is more profitable, with an operating margin of 1.5% against -226.5%.
More: Warby Parker earnings · how Warby Parker makes money · Innovative Eyewear earnings · how Innovative Eyewear makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 9, 2026). Fiscal quarters can end on different dates. Not investment advice.