For the year ending 2025-12-31, WRBY had $32,197K increase in cash & cash equivalents over the period. $43,737K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income (loss) | 1,641 | -20,390 | -63,197 | -110,393 |
| Depreciation and amortization | 50,280 | 45,865 | 38,554 | 31,864 |
| Stock-based compensation | 34,536 | 47,294 | 70,509 | 98,032 |
| Non-cash charitable contribution | 2,821 | 2,196 | 3,191 | 3,770 |
| Asset impairment charges | 557 | 816 | 3,230 | 1,647 |
| Amortization of cloud-based software implementation costs | 3,405 | 3,704 | 2,895 | - |
| Accounts receivable, net | 1,337 | 169 | 345 | 451 |
| Inventory | -7,833 | -9,889 | -6,614 | 11,794 |
| Prepaid expenses and other assets | 5,631 | 3,233 | 3,276 | 10,287 |
| Accounts payable | 8,500 | 689 | 1,633 | -7,943 |
| Accrued expenses | -2,691 | 9,521 | -8,898 | 2,748 |
| Deferred revenue | 1,511 | 741 | 5,989 | 3,583 |
| Other current liabilities | - | - | 41 | 537 |
| Deferred rent | - | - | 0 | 0 |
| Lease assets and liabilities | 8,272 | 1,920 | 4,459 | 7,385 |
| Other liabilities | 1,088 | -99 | -408 | 1,672 |
| Net cash provided by operating activities | 110,785 | 98,744 | 60,991 | 10,370 |
| Purchases of property and equipment | 67,048 | 64,032 | 53,671 | 60,181 |
| Investment in optical equipment company | 0 | 2,000 | 1,000 | - |
| Net cash used in investing activities | -67,048 | -66,032 | -54,671 | -60,181 |
| Proceeds from stock option exercises | 159 | 2,703 | 1,036 | 456 |
| Shares withheld for taxes on stock-based compensation | 14,390 | - | 0 | 0 |
| Proceeds from shares issued in connection with espp | 2,204 | 1,925 | 1,835 | 2,744 |
| Repurchase of stock | - | - | 0 | 0 |
| Issuance of series f and series g redeemable convertible preferred stock, net of issuance costs-Series FPreferred | - | - | - | 0 |
| Issuance of series f and series g redeemable convertible preferred stock, net of issuance costs-Series GPreferred | - | - | - | 0 |
| Payment for tender offer | - | - | 0 | 0 |
| Borrowings from credit facility | - | - | - | 0 |
| Repayment of credit facility | - | - | - | 0 |
| Other financing activity | 30 | 333 | 0 | 91 |
| Net cash (used in) provided by financing activities | -11,997 | 4,961 | 2,871 | 3,291 |
| Effect of exchange rates on cash | 457 | -404 | -882 | -1,311 |
| Net increase in cash and cash equivalents | 32,197 | 37,267 | 8,309 | -47,831 |
| Beginning of year | 254,161 | 216,894 | 208,585 | 256,416 |
| End of year | 286,358 | 254,161 | 216,894 | 208,585 |
Warby Parker Inc. (WRBY)
Warby Parker Inc. (WRBY)