Warby Parker (WRBY) Q1 FY2026 earnings: revenue $242 million, up 8.3% on the year

Warby Parker Inc. (WRBY) reported revenue of $242 million for Q1 FY2026, the quarter ended 31 March 2026, up 8.3% on the same quarter a year earlier. Net income was $3 million, down 8.5% on the year, and diluted earnings per share $0.03. The figures are the company's own, from the 10-Q it filed with the SEC on 7 May 2026.

Revenue$242 millionup 8.3%

Net income$3 milliondown 8.5%

Diluted EPS$0.03

QuarterQ1 FY2026ended 31 March 2026

The quarter, against the one before and a year earlier

Line	Q1 FY2026	Q4 FY2025	Q1 FY2025	Change on the year
Revenue	242	212	224	+8.3%
Cost of revenue	111	101	97.8	+13.9%
Gross profit	131	111	126	+4.0%
Gross margin	54.0%	52.4%	56.3%
Selling, general and administrative	129	118	124	+4.7%
Operating income	1.7	-6.9	2.5	-32.5%
Operating margin	0.7%	-3.2%	1.1%
Pre-tax income	4.0	-5.1	4.9	-18.8%
Income tax	0.8	0.9	1.5	-43.5%
Effective tax rate	20.5%	n/a	29.5%
Net income	3.2	-6.0	3.5	-8.5%
Net margin	1.3%	-2.8%	1.6%
Diluted EPS	$0.03	-$0.05	$0.03	+0.0%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free 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 and capital returned

Line	Q1 FY2026	Q4 FY2025	Q1 FY2025	Change on the year
Operating cash flow	24.5	23.3	29.4	-16.5%
Capital expenditure	16.1	15.1	16.2	-0.1%
Free cash flow	8.4	8.1	13.2	-36.6%
Free cash flow margin	3.5%	3.8%	5.9%
Cash from investing	-16.1	-15.1	-16.2	n/a
Cash from financing	-6.2	-2.3	-2.3	n/a
Depreciation and amortisation	13.8	13.1	12.2	+13.2%
Share-based compensation	11.4	6.3	12.3	-7.6%
Diluted shares, weighted	126m	123m	125m	+0.7%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q1 FY2026	Q4 FY2025	Q1 FY2025	Change on the year
Shareholders' equity	376	368	354	+6.1%
Debt	0.0	0.0	0.0	n/a
Operating lease liabilities	206	202	205	+0.5%
Other liabilities	155	151	124	+25.0%
Total liabilities and equity	736	721	683	+7.9%
Fixed assets	191	187	174	+10.1%
Cash and equivalents	288	286	265	+8.7%
Receivables	1.8	3.3	1.5	+19.6%
Inventory	46.5	44.5	48.6	-4.4%
Other assets	209	199	194	+7.6%
Total assets	736	721	683	+7.9%

Questions

What was Warby Parker's revenue in Q1 FY2026?

Warby Parker (WRBY) reported revenue of $242 million for Q1 FY2026, the quarter ended 31 March 2026, up 8.3% on the same quarter a year earlier.

How much did Warby Parker earn in Q1 FY2026?

Net income for Q1 FY2026 was $3 million, down 8.5% on the year, and diluted earnings per share $0.03.

When did Warby Parker report Q1 FY2026 results?

Warby Parker filed its 10-Q for the quarter ended 31 March 2026 with the SEC on 7 May 2026.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	170	162	200	188	192	191	224	214	222	212	242	236
Cost of revenue	77.1	74.8	86.5	82.8	87.6	87.5	97.8	101	102	101	111	99.1
Gross profit	92.7	87.1	113	105	105	103	126	114	120	111	131	136
Gross margin	55%	54%	57%	56%	54%	54%	56%	53%	54%	52%	54%	58%
SG&A	112	109	119	114	111	113	124	118	116	118	129	133
Operating income	-19.8	-21.6	-5.1	-9.0	-6.6	-9.4	2.5	-4.5	3.6	-6.9	1.7	3.2
Operating margin	-12%	-13%	-3%	-5%	-3%	-5%	1%	-2%	2%	-3%	1%	1%
Pre-tax income	-17.1	-19.2	-2.6	-6.4	-3.8	-6.8	4.9	-2.5	5.7	-5.1	4.0	5.3
Tax rate	n/a	n/a	n/a	n/a	n/a	n/a	30%	n/a	-2%	n/a	21%	12%
Net income	-17.4	-19.0	-2.7	-6.8	-4.1	-6.9	3.5	-1.8	5.9	-6.0	3.2	4.6
Net margin	-10%	-12%	-1%	-4%	-2%	-4%	2%	-1%	3%	-3%	1%	2%
Diluted EPS	-$0.15	-$0.16	-$0.02	-$0.06	-$0.03	-$0.06	$0.03	-$0.01	$0.05	-$0.05	$0.03	$0.04
Operating cash flow	19.9	13.7	19.9	31.6	27.3	19.9	29.4	40.2	18.0	23.3	24.5	29.6
Capital expenditure	15.5	13.6	14.4	17.7	14.2	17.7	16.2	16.3	19.5	15.1	16.1	22.9
Free cash flow	4.4	0.1	5.5	14.0	13.1	2.2	13.2	23.9	-1.5	8.1	8.4	6.8
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 31 March 2026, filed 7 May 2026, accession 0001504776-26-000011: the filing on EDGAR. All of Warby Parker Inc.'s filings: EDGAR company page.

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