Earnings Releases·Nov 5, 2026, 6:46 AM ET

Warby Parker — Third Quarter 2026 Earnings Summary

Net revenue grew 10.4% year-over-year to $244.7 million, while Adjusted EBITDA rose 10 basis points to $28.6 million (11.7% margin), though Net Income declined $0.3 million to $5.6 million.
Full-year 2026 net revenue guidance narrowed to $966–$976 million (11–12% growth), with Adjusted EBITDA guidance maintained at $117–$119 million, now incorporating modest contributions and expenses from the Intelligent Eyewear launch.
Strategic expansion included 12 net new store openings (364 total) and 50 planned for the full year, alongside pre-orders for Intelligent Eyewear set to begin November 12, 2026, with holiday deliveries.
Gross margin improved to 54.4% driven by operational efficiencies and product mix, partially offset by fixed occupancy costs from store growth, while Free Cash Flow remained negative at $(2.0) million due to launch investments.