Warby Parker Inc. (WRBY) Stock Price & Analysis
Warby Parker Inc. (WRBY) closed at USD 25.67 on Thursday, October 22, 2026, up 0.16% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 25.63; the Oct 22, 2026 session ranged USD 25.02–26.62 on volume of 2,517,236 shares. Market capitalization is $3.17B, with a 52-week range of USD 14.96–31 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:22 UTC.
Also available as compact Markdown for AI agents: nexqual.com/WRBY.md
Key facts (WRBY)
- Last four reported quarters (through Jun 30, 2026): revenue $912M, net income $7.7M (0.8% margin), free cash flow $21.7M (SEC filings).
- Valuation: P/E 409.8x (avg 1661.1x at the last 1 fiscal year-ends).
- Earnings quality: non-operating income $8.4M vs operating income $1.6M over the last four quarters; P/E excluding non-operating income ≈2616.2x (estimate: non-operating income taxed at the company's 21.9% effective rate).
- 3 of 80 tracked superinvestors hold WRBY (13F, Q2 2026): 0 new, 1 added, 0 reduced, 2 unchanged.
- Insider open-market sales, last ~7 months: 13 Form 4 filings, $25.9M; 2 not under a Rule 10b5-1 plan ($980K); 1 by opportunistic insiders (0 outside 10b5-1 plans), 8 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.08 on a 1–5 scale) (13 analysts), mean target USD 31 (range 25–35).
- Total return with dividends: 1Y +15.8% vs S&P 500 +14.9%; 5Y -54.9% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.09, revenue estimate $245M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (WRBY)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $541M | $598M | $670M | $771M | $872M | $912M |
| Gross profit | $318M | $341M | $365M | $427M | $471M | — |
| Operating income | -$144M | -$111M | -$72.0M | -$30.1M | -$5.3M | $1.6M |
| Net income | -$144M | -$110M | -$63.2M | -$20.4M | $1.6M | $7.7M |
| EPS (diluted) | -$2.21 | -$0.96 | -$0.54 | -$0.17 | $0.01 | — |
| Free cash flow | -$80.5M | -$49.8M | $7.3M | $34.7M | $43.7M | $21.7M |
| Gross margin | 58.8% | 57.0% | 54.5% | 55.3% | 54.0% | — |
| Operating margin | -26.6% | -18.6% | -10.7% | -3.9% | -0.6% | 0.2% |
| Net margin | -26.7% | -18.5% | -9.4% | -2.6% | 0.2% | 0.8% |
| Revenue growth | +37.4% | +10.6% | +12.0% | +15.2% | +13.0% | — |
| Cash + short-term investments | $256M | $209M | $217M | $254M | $286M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (WRBY)
P/E 409.8x · P/E ex non-operating (est.) ≈2616.2x · P/S 3.5x · P/FCF 145.9x · P/B 8.1x · FCF yield 0.69% · Earnings yield 0.24%
P/E at fiscal year-ends: Dec 2025 1661.1x.
Superinvestors (SEC 13F-HR, Q2 2026) (WRBY)
3 of 80 tracked investors hold WRBY. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Henry Ellenbogen | Durable Capital Partners | 1.89% | $194M | Unchanged |
| Thomas Russo | Gardner Russo & Quinn | 0.03% | $2.4M | Unchanged |
| First Eagle Investment | First Eagle Investment Management | 0.01% | $8.7M | Added +113.2% |
Insider sales (SEC Form 4, open-market, last ~7 months) (WRBY)
11 of 13 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-01 | Raider Jeffrey Jacob | Director | 15,000 | $416K | 3.4% | Yes (adopted March 17, 2026) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-10-01 | Blumenthal Neil Harris | Co-Chief Executive Officer | 100,000 | $2.8M | 18.7% | Yes (adopted March 17, 2026) | Routine (sold in Mar & Sep & Dec each year 2023–2025; this trade is outside those months) |
| 2026-07-06 | Blumenthal Neil Harris | Co-Chief Executive Officer | 9,200 | $276K | 2.1% | Yes (adopted March 17, 2026) | Routine (sold in Mar & Sep & Dec each year 2023–2025; this trade is outside those months) |
| 2026-07-06 | Gilboa David Abraham | Co-Chief Executive Officer | 54,347 | $1.6M | 63.6% | Yes (adopted March 17, 2026) | Routine (sold in Mar & Sep & Dec each year 2023–2025; this trade is outside those months) |
| 2026-07-01 | Blumenthal Neil Harris | Co-Chief Executive Officer | 217,667 | $6.4M | 33.6% | Yes (adopted March 17, 2026) | Routine (sold in Mar & Sep & Dec each year 2023–2025; this trade is outside those months) |
| 2026-07-01 | Gilboa David Abraham | Co-Chief Executive Officer | 242,221 | $7.2M | 88.6% | Yes (adopted March 17, 2026) | Routine (sold in Mar & Sep & Dec each year 2023–2025; this trade is outside those months) |
| 2026-07-01 | Raider Jeffrey Jacob | Director | 22,500 | $669K | 0.9% | Yes (adopted March 17, 2026) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-29 | Blumenthal Neil Harris | Co-Chief Executive Officer | 36,300 | $1.1M | 37.9% | Yes (adopted September 16, 2025) | Routine (sold in Mar & Sep & Dec each year 2023–2025; this trade is outside those months) |
| 2026-06-16 | Briggs Teresa | Director | 5,000 | $130K | 7.2% | Yes (adopted March 17, 2026) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-12 | Moon Youngme E | Director | 10,000 | $265K | 27.7% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-19 | Blumenthal Neil Harris | Co-Chief Executive Officer | 63,040 | $1.9M | 12.3% | Yes (adopted September 16, 2025) | Routine (sold in Mar & Sep & Dec each year 2023–2025; this trade is outside those months) |
| 2026-05-13…2026-05-14 | Singer Bradley E | Director | 25,000 | $715K | 17.7% | No | Too little history (no open-market trades in 2023 or 2025) |
| 2026-04-16…2026-04-20 | Blumenthal Neil Harris | Co-Chief Executive Officer | 100,000 | $2.5M | 18.2% | Yes (adopted September 16, 2025) | Routine (sold in Mar & Sep & Dec each year 2023–2025; this trade is outside those months) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (WRBY)
Consensus Buy (mean 2.08 on a 1–5 scale), 13 analysts; mean target USD 31 (low 25, high 35).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-07 | UBS | Target raised | Neutral | $27 → $28 |
| 2026-08-07 | Citizens | Target lowered | Market Outperform | $30 → $29 |
| 2026-06-29 | B of A Securities | Initiated | Buy | $33 |
Total return (dividends reinvested) (WRBY)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +15.8% | -54.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +15.9% | -14.7% |
| Volatility (annualized) | 75.8% | 63.7% |
| Max drawdown | -32.9% (Dec 2025→Apr 2026) | -83.4% (Nov 2021→Mar 2023) |
WRBY revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Eyewear | $191.8M | 81.4% | +8.4% |
| Contacts | $26.6M | 11.3% | +7.9% |
| Eye care | $17.2M | 7.3% | +32.2% |
| Total revenue | $235.5M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
WRBY suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Stripe | “We rely on third parties, including Stripe, Inc., Affirm, Inc., and PayPal Holdings, Inc. for elements of our payment processing infrastructure to accept payments from customers and Coupa Software Incorporated, in connection with our banking partners, to remit payments to suppliers.” |
| Supplier | Affirm Holdings, Inc. (AFRM) | “We rely on third parties, including Stripe, Inc., Affirm, Inc., and PayPal Holdings, Inc. for elements of our payment processing infrastructure to accept payments from customers and Coupa Software Incorporated, in connection with our banking partners, to remit payments to suppliers.” |
| Supplier | PayPal (PYPL) | “We rely on third parties, including Stripe, Inc., Affirm, Inc., and PayPal Holdings, Inc. for elements of our payment processing infrastructure to accept payments from customers and Coupa Software Incorporated, in connection with our banking partners, to remit payments to suppliers.” |
| Supplier | Coupa Software | “We rely on third parties, including Stripe, Inc., Affirm, Inc., and PayPal Holdings, Inc. for elements of our payment processing infrastructure to accept payments from customers and Coupa Software Incorporated, in connection with our banking partners, to remit payments to suppliers.” |
| Supplier | Apple (AAPL) | “Furthermore, because many of our customers access our products through our mobile applications, we depend on the Apple App Store and Google Play to distribute our mobile applications.” |
| Customer | Amazon (AMZN) | “AWS provides the cloud computing infrastructure we use to host our website and mobile applications, serve our customers and support our operations and many of the internal tools we use to operate our business.” |
| Customer | Meta Platforms (META) | “Additionally, changes in regulations could limit the ability of search engines and social media platforms, including, but not limited to, Google and Meta, to collect data from users and engage in targeted advertising, making them less effective in disseminating our advertisements to our target customers.” |
| Partner | Alphabet (Google) (GOOGL) | “Forward-looking statements contained in this Annual Report on Form 10-K include, but are not limited to, statements about our future results of operations and financial position, industry and business trends, general macroeconomic and market trends, business strategy, plans, market growth, potential growth opportunities for the business, including the partnership with Google and Samsung and the development and tim…” |
| Partner | Samsung Electronics | “Forward-looking statements contained in this Annual Report on Form 10-K include, but are not limited to, statements about our future results of operations and financial position, industry and business trends, general macroeconomic and market trends, business strategy, plans, market growth, potential growth opportunities for the business, including the partnership with Google and Samsung and the development and tim…” |
Quoted from the company's 10-K filed Feb 26, 2026.
WRBY company outlook (results filed Aug 6, 2026)
- “We're doing so while maintaining a prudent outlook that excludes Intelligent Eyewear revenue contributions expected later this year," said Adrian Mitchell, Chief Financial Officer.”
- “(1) Please see the reconciliation of non-GAAP financial measures to the most comparable GAAP financial measure in the section titled "Non-GAAP Financial Measures" below. 2 Webcast and Conference Call A conference call to discuss Warby Parker's second quarter 2026 results, as well as third quarter and full year 2026 outlook, is scheduled for 8:00 a.m.”
Quoted word-for-word from the SEC 8-K results press release.
WRBY analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.09 | $0.15 | -35.7% | $245.1M | 9 |
| Next quarter (ends Dec 2026) | $0.10 | $0.10 | +6.3% | $247.0M | 9 |
| Current fiscal year (ends Dec 2026) | $0.42 | $0.47 | -10.9% | $970.0M | 9 |
| Next fiscal year (ends Dec 2027) | $0.61 | $0.66 | -7.2% | $1.13B | 9 |
Key Statistics (as of October 23, 2026 at 09:22 UTC)
| Price | USD 25.67 |
|---|---|
| Change | ▲ 0.16% (up) |
| Previous Close | USD 25.63 |
| Open | USD 25.49 |
| Day Range | USD 25.02 – 26.62 |
| 52-Week Range | USD 14.96 – 31 |
| Volume | 2,517,236 shares |
| Market Cap | $3.17B |
| Exchange | NYQ |
Technical Analysis (WRBY)
Nexqual's technical model rates WRBY "NEUTRAL" based on 3 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:22 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 51.84 (neutral) |
| vs SMA50 | Above (USD 25.32) |
| MACD | -0.03 (negative) |
Analyst Ratings (WRBY)
Wall Street analysts rate WRBY "Buy" based on 13 analysts, with a mean price target of USD 31 (range USD 25–35), per Nexqual as of October 23, 2026 at 09:22 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 13 |
| Mean Target | USD 31 |
| High Target | USD 35 |
| Low Target | USD 25 |
| Buy / Hold / Sell | 10 / 3 / 0 |
Earnings (WRBY)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.09 |
| Revenue Estimate | $245.07M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.15 vs est 0.11 ▲ beat |
| 2026-03-31 | USD 0.11 vs est 0.11 ▲ beat |
| 2025-12-31 | USD 0.02 vs est 0.05 ▼ miss |
| 2025-09-30 | USD 0.12 vs est 0.09 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Financials & Fundamentals (WRBY)
| Total Revenue | $911.61M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +9.80% |
| Gross Margin | +53.12% |
| Operating Margin | -3.60% |
| Profit Margin | +0.85% |
| ROE | +2.06% |
| Debt / Equity | 0.64 |
| Current Ratio | 2.27 |
| Total Cash | $292.67M |
| Total Debt | $250.98M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $21.75M (2.4% of revenue) |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Financial Health Score (WRBY)
Nexqual rates Warby Parker Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:22 UTC.
| Growth | Solid — Revenue +13% YoY (annual) |
|---|---|
| Profitability | Mixed — Gross margin 53%, operating -4% (last 12 months) |
| Balance Sheet | Strong — $293M cash vs $251M debt, net cash position |
| Cash Flow | Mixed — FCF $22M (last 4 quarters to Jun 2026, SEC), slim 2.4% margin |
| Efficiency | Weak — ROE 2%, ROA -1.0% |
Ownership (WRBY)
| Insider Ownership | +5.61% |
|---|---|
| Institutional Ownership | +115.74% |
| Shares Outstanding | 108.24M |
| Float | 94.62M |
| Short % of Float | +20.93% |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Leadership (WRBY)
Warby Parker Inc. is led by Neil Harris Blumenthal, Co-Founder, President, Co-CEO & Co-Chair, per Nexqual as of October 23, 2026 at 09:22 UTC.
| Co-Founder, President, Co-CEO & Co-Chair | Neil Harris Blumenthal |
|---|---|
| Co-Founder & Independent Director | Andrew M. Hunt |
| Co-Founder & Independent Director | Jeff Raider |
| CFO & Principal Accounting Officer | Adrian V. Mitchell |
| Senior VP & CTO | Jeffrey Saunders |
Major Backers & Investors (WRBY)
Notable institutional backers of Warby Parker Inc. include FMR, LLC, JPMorgan, Durable Capital Partners Lp, according to Nexqual as of October 23, 2026 at 09:22 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 14.39% |
| JPMorgan | 10.27% |
| Durable Capital Partners Lp | 5.91% |
| Fidelity | 5.6% |
| Vaughan Nelson Investment Management, L.P. | 2.87% |
| Fuller & Thaler Asset Management Inc. | 2.21% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 14.14% |
| Vanguard Group | 9.68% |
| State Street | 3.87% |
| Geode Capital | 2.38% |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
From Warby Parker Inc.'s Latest SEC 10-K Filing (filed 2026-02-26)
Key Strengths & Strategy (as disclosed to the SEC)
- We have developed proprietary technologies and systems to improve convenience and support a seamless omnichannel experience, including the first true to scale Virtual Try-On, our Virtual Vision Test telehealth app, which enables eligible patients to renew their prescription at home, and our custom point-of-sale system.
- We aim to create a seamless experience across channels and find that many of our customers start their journeys online, leveraging proprietary technology like our Virtual Try On, before visiting a store.
- Our integrated supply chain includes a mix of owned optical labs and long-standing manufacturing partnerships that allow us to be nimble and move quickly.
- We apply these same insights to acquire customers through a flexible media model that allows us to shift marketing spend in real-time across digital and physical channels.
Legal & Regulatory Risks (Item 1A, quoted)
- We are subject to rapidly changing and increasingly stringent laws, regulations, contractual obligations, and industry standards relating to privacy, data security, and data protection. The restrictions and costs imposed by these laws and other obligations, or our actual or perceived failure to comply with them, could subject us to liabilities that adversely affect our business, operations, and financial performance.
- Compliance with these domestic, foreign, and any other applicable privacy and data security laws and regulations is a rigorous and time-intensive process, and we may be required to put in place additional mechanisms to ensure compliance with the new data protection rules.
- Our business could be adversely affected by legal challenges to our business model or by actions restricting our ability to provide the full range of our services in certain jurisdictions.
- Failure to adequately maintain and protect our intellectual property and proprietary rights could harm our brand, devalue our proprietary content, and adversely affect our ability to compete effectively.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
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|---|---|---|---|
| ATRC | AtriCure, Inc. | USD 59.3 | ▲ 2.83% |
| PLSE | Pulse Biosciences, Inc | USD 52.68 | ▲ 2.67% |
| NVST | Envista Holdings Corporation | USD 23.97 | ▲ 3.36% |
| ICUI | ICU Medical, Inc. | USD 168.33 | ▲ 4.66% |
| MMED | MiniMed Group, Inc. | USD 18.29 | ▲ 2.75% |
| STVN | Stevanato Group S.p.A. | USD 19.5 | ▲ 3.61% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:22 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt