| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 221.68 | 3.4% | 15.2% |
| Total Income | 221.68 | 3.4% | 15.2% |
| Expenditure | 218.11 | 0.4% | 9.6% |
| PBT | 5.75 | 326.4% | 252.5% |
| Net Profit | 5.87 | 435.4% | 244.2% |
| OPM | 1.61% | 3.72pp | 5.05pp |
| NPM | 2.65% | 3.47pp | 4.77pp |
| EPS | 0.05 | 600.0% | 266.7% |
Warby Parker Reports Q3 2025 Revenue Up 15.2% to $221.7 Million
04 May 2026 · 4 May, 7:43 am
Summary
Warby Parker announced financial results for the third quarter ended September 30, 2025. Net revenue increased by 15.2% to $221.7 million. Active Customers increased 9.3% to 2.66 million on a trailing 12-month basis, and Average Revenue per Customer increased 4.8% year over year to $320. Net income improved $9.9 million to $5.9 million. For the full year 2025, Warby Parker is updating its guidance to net revenue of $871 million to $874 million, representing growth of approximately 13%.
Key Highlights
- 1
Net revenue increased by 15.2% to $221.7 million in the third quarter of 2025.
- 2
Active Customers increased 9.3% to 2.66 million on a trailing 12-month basis.
- 3
Average Revenue per Customer increased 4.8% year over year to $320.
- 4
Net income improved $9.9 million to $5.9 million compared to the prior year period.
- 5
Adjusted EBITDA increased $8.4 million year over year to $25.7 million.
- 6
Adjusted EBITDA Margin increased 2.6 points to 11.6% in the third quarter.
- 7
Warby Parker opened 15 net new stores during the quarter, ending Q3 with 313 stores.
Management Comments
Neil Blumenthal
This was a strong quarter for our team as we advanced our strategic priorities and accelerated both topline and customer growth. As we step into Warby Parker’s next act, one defined by innovation through AI, we’re energized to create new products like AI glasses, enhance the customer experience and drive productivity.
Dave Gilboa
We meaningfully expanded profitability this quarter, reflecting the strength of our operational discipline and focus on sustainable growth. We believe our differentiated value proposition continues to resonate with customers and we are well-positioned to take share in any environment.
Informational and educational content only. Not investment advice.