| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 242.45 | 8.3% |
| Total Income | 242.45 | 8.3% |
| Expenditure | 240.78 | 8.8% |
| PBT | 4.00 | 18.9% |
| Net Profit | 3.18 | 8.4% |
| OPM | 0.69% | 0.42pp |
| NPM | 1.31% | 0.24pp |
| EPS | 0.03 | 0.0% |
Warby Parker Reports Q1 2026 Revenue Up 8.3% to $242.4 Million
07 May 2026 · 7 May, 4:22 pm
Summary
Warby Parker announced its financial results for the first quarter ended March 31, 2026. Net revenue increased by 8.3% to $242.4 million. Active Customers increased by 4.8% to 2.69 million, and Average Revenue per Customer increased by 6.9% to $331. The company reported a net income of $3.2 million and Adjusted EBITDA of $29.6 million. Warby Parker reaffirmed its full year 2026 guidance, projecting net revenue of $959 to $976 million and Adjusted EBITDA of $117 to $119 million.
Key Highlights
- 1
Warby Parker's revenue increased by 8.3% to $242.4 million in the first quarter of 2026, exceeding the Company’s guidance.
- 2
Active Customers grew by 4.8% to 2.69 million on a trailing 12-month basis, with Average Revenue per Customer increasing by 6.9% to $331.
- 3
The company generated net income of $3.2 million and expanded Adjusted EBITDA to $29.6 million, surpassing the Company’s guidance.
- 4
Warby Parker delivered operating cash flow of $24.5 million and Free Cash Flow of $8.4 million, ending the quarter with $288.2 million in cash and cash equivalents.
- 5
The company opened 14 net new stores during the quarter, bringing the total to 337 stores.
- 6
Warby Parker announced 25 million pairs of glasses distributed through the Buy a Pair, Give a Pair program.
Management Comments
Neil Blumenthal
We’re proud of our team’s resilience as we navigated a dynamic environment, including severe weather. We continue to invest in the customer experience and bring innovative new products like Warby Parker Sport to market, and the momentum we’re building gives us confidence as we move through the balance of the year.
Dave Gilboa
As we look ahead, a top priority is preparing for the launch of intelligent eyewear. Since day one, we have aimed to delight customers by offering remarkable products and experiences. We’re excited to introduce what we believe will be the world’s first truly intelligent AI glasses for all-day wear. We’re building capabilities to support this launch and are proud of how our team is bringing this to life.
Adrian Mitchell
We're pleased with the results we delivered in the first quarter that were ahead of expectations. We're also encouraged by the momentum being built as we pursue several initiatives that position us to drive our performance through the rest of this year.
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