Warby Parker Reports First Full Year Profit, Strong Growth, and Authorizes $100M Share Repurchase

summarizeSummary

Warby Parker reported its first full year of positive net income, strong revenue growth, and expanded Adjusted EBITDA for 2025, alongside authorizing a $100 million share repurchase program and providing positive 2026 guidance.

check_boxKey Events

• Achieved First Full Year of Positive Net Income

  Warby Parker reported a net income of $1.6 million for the full year ended December 31, 2025, marking its first full year of profitability.

• Strong Full Year 2025 Financial Performance

  The company delivered 13.0% revenue growth for the full year 2025, reaching $871.9 million, and expanded Adjusted EBITDA by 30.2% to $95.2 million, with a 10.9% Adjusted EBITDA Margin.

• Authorized $100 Million Share Repurchase Program

  The Board of Directors authorized a share repurchase program to buy back up to $100.0 million of Class A common stock, indicating management's confidence in the company's value and a commitment to returning capital to shareholders.

• Provided Positive 2026 Outlook

  Warby Parker projects 2026 net revenue between $959 million and $976 million, representing 10% to 12% growth, and anticipates Adjusted EBITDA of $117 million to $119 million.

auto_awesomeAnalysis

Warby Parker Inc. announced robust financial results for the full year 2025, achieving its first full year of positive net income. The company delivered double-digit revenue growth and expanded Adjusted EBITDA, demonstrating operational efficiency and market share capture. Complementing these strong results, the Board authorized a significant $100 million share repurchase program, signaling confidence in the company's valuation and commitment to shareholder returns. The positive outlook for 2026, including continued revenue growth and Adjusted EBITDA expansion, further reinforces a favorable trajectory for the company.