Warby Parker (WRBY) FY2024 results: revenue $771 million, up 15.2% on the year
Warby Parker Inc. (WRBY) reported revenue of $771 million for fiscal 2024, the year ended 31 December 2024, up 15.2% on the year before. Net income was -$20 million, and diluted earnings per share $-0.17. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$771 million
+15.2% on the year
FY2019FY2024
Operating margin
-3.9%
-10.7% a year earlier
FY2019FY2024
Net income
-$20 million
FY2019FY2024
Diluted EPS
-$0.17
FY2019FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
98.7
61.0
10.4
+61.9%
Capital expenditure
64.0
53.7
60.2
+19.3%
Free cash flow
34.7
7.3
-49.8
+374.2%
Free cash flow margin
4.5%
1.1%
-8.3%
Cash from investing
-66.0
-54.7
-60.2
Cash from financing
5.0
2.9
3.3
+72.8%
Depreciation and amortisation
45.9
38.6
31.9
+19.0%
Share-based compensation
47.3
70.5
98.0
-32.9%
Buybacks
n/a
0.0
0.0
Diluted shares, weighted
120m
117m
115m
+2.6%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
340
302
287
+12.7%
Redeemable equity
n/a
0.0
0.0
Debt
0.0
0.0
0.0
Operating lease liabilities
205
150
151
+36.6%
Other liabilities
131
128
131
+2.3%
Total liabilities and equity
676
580
569
+16.6%
Fixed assets
170
152
139
+11.9%
Cash and equivalents
254
217
209
+17.2%
Receivables
1.9
1.8
1.4
+9.5%
Inventory
52.3
62.2
68.8
-15.9%
Other assets
198
147
151
+34.3%
Total assets
676
580
569
+16.6%
10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.