Warby Parker (WRBY) FY2023 results: revenue $670 million, up 12.0% on the year
Warby Parker Inc. (WRBY) reported revenue of $670 million for fiscal 2023, the year ended 31 December 2023, up 12.0% on the year before. Net income was -$63 million, and diluted earnings per share $-0.54. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2024.
Revenue
$670 million
+12.0% on the year
FY2019FY2023
Operating margin
-10.7%
-18.6% a year earlier
FY2019FY2023
Net income
-$63 million
FY2019FY2023
Diluted EPS
-$0.54
FY2019FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
61.0
10.4
-32.0
+488.1%
Capital expenditure
53.7
60.2
48.5
-10.8%
Free cash flow
7.3
-49.8
-80.5
Free cash flow margin
1.1%
-8.3%
-14.9%
Cash from investing
-54.7
-60.2
-48.5
Cash from financing
2.9
3.3
23.0
-12.8%
Depreciation and amortisation
38.6
31.9
21.6
+21.0%
Share-based compensation
70.5
98.0
107
-28.1%
Buybacks
0.0
0.0
8.1
Diluted shares, weighted
117m
115m
71m
+2.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
302
287
286
+5.3%
Redeemable equity
0.0
0.0
0.0
Debt
0.0
0.0
0.0
Operating lease liabilities
150
151
0.0
-0.4%
Other liabilities
128
131
155
-2.2%
Total liabilities and equity
580
569
441
+2.0%
Fixed assets
152
139
112
+9.9%
Cash and equivalents
217
209
256
+4.0%
Receivables
1.8
1.4
1.0
+24.0%
Inventory
62.2
68.8
57.1
-9.6%
Other assets
147
151
13.9
-2.7%
Total assets
580
569
441
+2.0%
10-K for the year ended 31 December 2023, filed 29 February 2024: the filing.