NYSE$WRBY
Warby Parker Inc · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
Warby Parker reported Q4 2025 net revenue of $212.0M and its first full year of positive net income.
Fourth-quarter net revenue rose 11.2% to $212.0 million; net loss improved to $6.0 million. Full-year net revenue grew 13.0% to $871.9 million with net income of $1.6 million and adjusted EBITDA of $95.2 million (+30%). The company opened 47 net new stores and authorized a $100 million share repurchase.
- Q4 net revenue $212.0M (+11.2% YoY).
- FY25 net revenue $871.9M; first FY net income $1.6M.
- Adjusted EBITDA $95.2M; margin 10.9%.
- 2026 revenue guide $959M–$976M (+10–12%).
- $100M buyback authorized.
Headline financials
Revenue & EPS history
Warby Parker · Revenue · Quarterly
$212M
Forward guidance
FY26 net revenue $959M–$976M and adjusted EBITDA $117M–$119M with ~50 new stores.
Tailwinds
- Double-digit revenue growth and positive net income trajectory.
- Store expansion and AI-led product innovation.
Headwinds
- Tariff costs on glasses and contact lens mix pressure gross margin.
- Promotional environment in eyewear retail.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2025
+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 |
|---|---|---|---|---|
| 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% | |
| Q3 2020 | +9.5% | +11.2% | -12.9% | |
| Q1 2021 | +9.5% | +11.2% | -12.9% | |
| Q3 2021 | +9.5% | +11.2% | -12.9% | |
| Q4 2020 | +9.5% | +11.2% | -12.9% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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