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Warby Parker Inc. (WRBY) Stock Fundamental Analysis & AI Rating 2026

WRBY NYSE Ophthalmic Goods DE CIK: 0001504776
Recently Updated • Analysis: Apr 19, 2026 • SEC Data: 2025-12-31
HOLD
48% Conf
Pending
Analysis scheduled

📊 WRBY Key Takeaways

Revenue: $871.9M
Net Margin: 0.2%
Free Cash Flow: $43.7M
Current Ratio: 2.35x
Debt/Equity: 0.00x
EPS: $0.01
AI Rating: HOLD with 48% confidence
Warby Parker Inc. (WRBY) receives a HOLD rating with 48% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $871.9M, net profit margin of 0.2%, and return on equity (ROE) of 0.4%, Warby Parker Inc. demonstrates mixed fundamentals in the Market sector. Below is our complete WRBY stock analysis for 2026.

Is Warby Parker Inc. (WRBY) a Good Investment?

Claude

Warby Parker demonstrates solid revenue growth (+13% YoY) and maintains a strong balance sheet with substantial cash reserves ($286.4M) and zero debt, supporting operational flexibility. However, the company faces critical profitability challenges: negative operating margin (-0.6%), razor-thin net margin (0.2%), and essentially flat net income growth despite 13% revenue expansion, indicating that cost structure has not scaled efficiently with sales growth.

Why Buy Warby Parker Inc. Stock? WRBY Key Strengths

Claude
  • + Strong gross margin of 54% demonstrates pricing power and efficient unit economics
  • + Solid free cash flow generation of $43.7M with positive operating cash flow of $110.8M
  • + Robust balance sheet with $286.4M cash, zero long-term debt, and healthy current ratio of 2.35x
  • + Double-digit revenue growth of 13% YoY indicates sustained market demand

WRBY Stock Risks: Warby Parker Inc. Investment Risks

Claude
  • ! Operating margin is negative (-0.6%), meaning core business operations are unprofitable before non-operating items
  • ! Net margin of only 0.2% leaves no margin for error; any operational setback could result in losses
  • ! Extremely poor returns on capital (ROE 0.4%, ROA 0.2%) suggest inefficient capital deployment despite $720.9M in assets
  • ! Revenue growth outpacing profit growth signals rising operating expenses are eroding potential gains

Key Metrics to Watch

Claude
  • * Operating margin trend and path to profitability
  • * Operating expense ratio relative to revenue growth
  • * Return on equity and ROA improvement trajectory
  • * Free cash flow sustainability and cash burn rate

Warby Parker Inc. (WRBY) Financial Metrics & Key Ratios

Revenue
$871.9M
Net Income
$1.6M
EPS (Diluted)
$0.01
Free Cash Flow
$43.7M
Total Assets
$720.9M
Cash Position
$286.4M

💡 AI Analyst Insight

Strong liquidity with a 2.35x current ratio provides a solid financial cushion.

WRBY Profit Margin, ROE & Profitability Analysis

Gross Margin 54.0%
Operating Margin -0.6%
Net Margin 0.2%
ROE 0.4%
ROA 0.2%
FCF Margin 5.0%

WRBY vs Market Sector: How Warby Parker Inc. Compares

How Warby Parker Inc. compares to Market sector averages

Net Margin
WRBY 0.2%
vs
Sector Avg 12.0%
WRBY Sector
ROE
WRBY 0.4%
vs
Sector Avg 15.0%
WRBY Sector
Current Ratio
WRBY 2.3x
vs
Sector Avg 1.8x
WRBY Sector
Debt/Equity
WRBY 0.0x
vs
Sector Avg 0.7x
WRBY Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Warby Parker Inc. Stock Overvalued? WRBY Valuation Analysis 2026

Based on fundamental analysis, Warby Parker Inc. has mixed fundamental signals relative to the Market sector in 2026.

Return on Equity
0.4%
Sector avg: 15%
Net Profit Margin
0.2%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Warby Parker Inc. Balance Sheet: WRBY Debt, Cash & Liquidity

Current Ratio
2.35x
Quick Ratio
2.05x
Debt/Equity
0.00x
Debt/Assets
49.0%
Interest Coverage
N/A
Long-term Debt
N/A

WRBY Revenue & Earnings Growth: 5-Year Financial Trend

WRBY 5-year financial data: Year 2021: Revenue $540.8M, Net Income $0, EPS $-1.10. Year 2022: Revenue $598.1M, Net Income -$55.9M, EPS $-1.05. Year 2023: Revenue $669.8M, Net Income -$144.3M, EPS $-2.21. Year 2024: Revenue $771.3M, Net Income -$110.4M, EPS $-0.96. Year 2025: Revenue $871.9M, Net Income -$63.2M, EPS $-0.54.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Warby Parker Inc.'s revenue has grown significantly by 61% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.54 indicates the company is currently unprofitable.

WRBY Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
5.0%
Free cash flow / Revenue

WRBY Quarterly Earnings & Performance

Quarterly financial performance data for Warby Parker Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $192.4M -$1.8M $-0.03
Q2 2025 $188.2M $1.7M $0.01
Q1 2025 $200.0M -$2.7M $-0.02
Q3 2024 $169.8M -$2.7M $-0.03
Q2 2024 $166.1M -$2.7M $-0.06
Q1 2024 $172.0M -$2.7M $-0.02
Q3 2023 $148.8M -$10.8M $-0.15
Q2 2023 $149.6M -$10.8M $-0.14

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Warby Parker Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$110.8M
Cash generated from operations
Capital Expenditures
$67.0M
Investment in assets
Dividends
None
No dividend program

WRBY SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Warby Parker Inc. (CIK: 0001504776)

📋 Recent SEC Filings

Date Form Document Action
Mar 13, 2026 4 xslF345X05/tm268777-1_4seq1.xml View →
Mar 6, 2026 4 xslF345X05/tm268224-3_4seq1.xml View →
Mar 6, 2026 4 xslF345X05/tm268224-2_4seq1.xml View →
Mar 6, 2026 4 xslF345X05/tm268224-1_4seq1.xml View →
Mar 4, 2026 4 xslF345X05/tm268047-2_4seq1.xml View →

Frequently Asked Questions about WRBY

What is the AI rating for WRBY?

Warby Parker Inc. (WRBY) has an AI rating of HOLD with 48% confidence, based on fundamental analysis of SEC EDGAR filings.

What are WRBY's key strengths?

Claude: Strong gross margin of 54% demonstrates pricing power and efficient unit economics. Solid free cash flow generation of $43.7M with positive operating cash flow of $110.8M.

What are the risks of investing in WRBY?

Claude: Operating margin is negative (-0.6%), meaning core business operations are unprofitable before non-operating items. Net margin of only 0.2% leaves no margin for error; any operational setback could result in losses.

What is WRBY's revenue and growth?

Warby Parker Inc. reported revenue of $871.9M.

Does WRBY pay dividends?

Warby Parker Inc. does not currently pay dividends.

Where can I find WRBY SEC filings?

Official SEC filings for Warby Parker Inc. (CIK: 0001504776) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is WRBY's EPS?

Warby Parker Inc. has a diluted EPS of $0.01.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is WRBY a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Warby Parker Inc. has a HOLD rating with 48% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is WRBY stock overvalued or undervalued?

Valuation metrics for WRBY: ROE of 0.4% (sector avg: 15%), net margin of 0.2% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

Should I buy WRBY stock in 2026?

Our dual AI analysis gives Warby Parker Inc. a combined HOLD rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is WRBY's free cash flow?

Warby Parker Inc.'s operating cash flow is $110.8M, with capital expenditures of $67.0M. FCF margin is 5.0%.

How does WRBY compare to other Market stocks?

Vs Default sector averages: Net margin 0.2% (avg: 12%), ROE 0.4% (avg: 15%), current ratio 2.35 (avg: 1.8).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 19, 2026 | Data as of: 2025-12-31 | Powered by Claude AI