NYSE$WRBY
Warby Parker Inc · Q2 2025 earnings
Q2 2025 earnings · · Before market open · Investor relations
Briefing
Warby Parker reported Q2 2025 net revenue of $214.5 million with a net loss of $1.8 million.
Warby Parker Inc. delivered 13.9% year-over-year revenue growth in Q2 2025 driven by higher average revenue per customer and active customer expansion. Gross margin declined 300 basis points to 53.0% due to channel mix, inventory charges, and new store costs, while Adjusted EBITDA margin improved to 11.7%. The company continued retail expansion and announced a strategic AI-powered glasses partnership with Google.
- Net revenue rose 13.9% to $214.5 million, with Active Customers up 9% and Average Revenue per Customer increasing to $316.
- Gross margin fell to 53.0% from 56.0% primarily due to contact lens mix, store occupancy, and $2.5 million inventory write-downs.
- Net loss narrowed to $1.8 million from $6.8 million as operating leverage improved and stock-based compensation declined.
- Adjusted EBITDA increased 27.7% to $25.0 million, expanding margin 130 basis points to 11.7%.
Headline financials
Revenue & EPS history
Warby Parker · Revenue · Quarterly
$214M
Revenue by segment
Warby Parker · $214M total across 2 segments · Q2 2025
- Eyewear$202M—94.0%
- Vision care$13M—6.0%
Forward guidance
No quantitative forward guidance provided for Q3 or full year 2025.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
+4.7%
Avg return
Earnings day
+7.9%
Avg return
5 days after
-1.7%
Avg return
30 days after
70%
16 / 23 earnings
Positive
+24.9%
Q3 2022
Best reaction
-29.0%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | +23.1% | +21.5% | +3.1% | |
| Q4 2025 | +17.2% | +26.2% | -6.6% | |
| Q3 2025 | -11.1% | -8.8% | -1.5% | |
| Q1 2025 | +3.0% | +14.4% | +33.5% | |
| Q4 2024 | +2.3% | -2.3% | -21.4% | |
| Q3 2024 | +2.8% | +11.9% | +25.4% | |
| Q2 2024 | -6.4% | -7.5% | -6.8% | |
| Q1 2024 | +18.9% | +25.2% | +33.7% | |
| Q4 2023 | -15.5% | -17.0% | -9.5% | |
| Q3 2023 | -29.0% | -26.9% | -25.3% | |
| Q2 2023 | -6.3% | -11.3% | -17.2% | |
| Q1 2023 | -4.3% | -6.5% | -0.7% | |
| Q4 2022 | -6.2% | -4.5% | -20.5% | |
| Q3 2022 | +24.9% | +42.1% | +24.7% | |
| Q2 2022 | +21.4% | +26.4% | +12.6% | |
| Q1 2022 | +0.2% | -8.7% | -19.5% | |
| Q4 2019 | +10.1% | +22.6% | +1.7% | |
| Q2 2021 | +10.1% | +22.6% | +1.7% | |
| Q4 2021 | +15.8% | +17.5% | +5.1% | |
| Q1 2021 | +9.5% | +11.2% | -12.9% | |
| Q4 2020 | +9.5% | +11.2% | -12.9% | |
| Q3 2021 | +9.5% | +11.2% | -12.9% | |
| Q3 2020 | +9.5% | +11.2% | -12.9% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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