Warby Parker Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Net income (loss) $0 ($55.9m) ($144.3m) ($110.4m) ($63.2m) ($20.4m) $1.6m
Depreciation and amortization $14.5m $18.4m $21.9m $31.9m $38.6m $45.9m $50.3m
Amortization of cloud-based software implementation costs $0 $247k $2.9m $3.7m $3.4m
Asset impairment charges $614k $317k $1.6m $3.2m $816k $557k
Stock-based compensation $8.5m $44.9m $107.1m $98.0m $70.5m $47.3m $34.5m
Non-cash charitable contribution $0 $0 $7.8m $3.8m $3.2m $2.2m $2.8m
Accounts receivable, net ($644k) $517k ($392k) ($451k) ($345k) ($169k) ($1.3m)
Inventory ($12.6m) ($10.0m) ($18.6m) ($11.8m) $6.6m $9.9m $7.8m
Prepaid expenses and other assets ($940k) ($67k) ($6.9m) ($10.3m) ($3.3m) ($3.2m) ($5.6m)
Accounts payable $5.5m $5.9m ($11.1m) ($7.9m) $1.6m $689k $8.5m
Accrued expenses $1.4m $16.6m $9.5m $2.7m ($8.9m) $9.5m ($2.7m)
Deferred revenue $2.1m $7.3m ($4.5m) $3.6m $6.0m $741k $1.5m
Lease assets and liabilities $0 $7.4m $4.5m $1.9m $8.3m
Other liabilities ($32k) $2.3m ($1.6m) $1.7m ($408k) ($99k) $1.1m
Purchases of property and equipment ($32.6m) ($20.1m) ($48.5m) ($60.2m) ($53.7m) ($64.0m) ($67.0m)
Investment in optical equipment company $0 $0 ($1.0m) ($2.0m) $0
Proceeds from stock option exercises $297k $1.3m $20.0m $456k $1.0m $2.7m $159k
Shares withheld for taxes on stock-based compensation $0 ($2.5m) $0 $0 $0 ($14.4m)
Proceeds from shares issued in connection with ESPP $0 $2.7m $1.8m $1.9m $2.2m
Beginning of year $55.4m $314.1m $256.4m $208.6m $216.9m $254.2m $286.4m
Purchases of property and equipment included in accounts payable and accrued expenses $4.2m $3.1m $4.2m $4.0m $3.6m $4.4m $5.2m
Net cash provided by operating activities $21.4m $32.8m ($32.0m) $10.4m $61.0m $98.7m $110.8m
Net cash used in investing activities ($32.6m) ($20.1m) ($48.5m) ($60.2m) ($54.7m) ($66.0m) ($67.0m)
Other financing activity $590k $945k $31.6m $91k $0 $333k $30k
Net cash (used in) provided by financing activities ($83.4m) $245.9m $23.0m $3.3m $2.9m $5.0m ($12.0m)
Effect of exchange rates on cash $237k $37k ($161k) ($1.3m) ($882k) ($404k) $457k
Net increase in cash and cash equivalents ($94.4m) $258.7m ($57.7m) ($47.8m) $8.3m $37.3m $32.2m
Cash paid for interest $88k $466k $150k $184k $227k $246k $325k
Cash paid for income taxes $369k $230k $356k $536k $419k $1.0m $776k