Warby Parker Inc.

WRBY Healthcare Medical Instruments & Supplies

Warby Parker Inc.’s revenue for fiscal 2025 (year ended December 2025) was $871.9 million, up 13.0% from fiscal 2024.

Revenue
+10.4%
EPS
−20.0%
Free cash flow
−30.3%

Quarter to September 2026, against a year earlier

26.05 4.76 +22.36%
Market cap
$3.2B
P/E
434×
Fwd P/E
208×
Dividend yield
—
F-score
6/9
Altman Z
4.73
Beneish M
−2.64
Dividend safety
n/a

Warby Parker Inc. (WRBY) Gross margin

Alert me on Gross margin

Warby Parker Inc.'s gross margin over the twelve months to 30 September 2026 was 54.8%, up 0.8 percentage points from fiscal 2025 (54.0%). Over the past ten years it has ranged from 54.0% (fiscal 2025) to 60.2% (fiscal 2019) — the current reading is the lowest in ten years. That is in line with the Medical Instruments & Supplies industry median of 53.6% and in line with the Healthcare sector median of 53.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 54.0% (1.37)
FY2024 55.3% 0.81
FY2023 54.5% (2.49)
FY2022 57.0% (1.74)
FY2021 58.8% (0.15)
FY2020 58.9% (1.31)
FY2019 60.2% —

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 54.4% (3.53)
Jun 2026 57.9% 3.89
Mar 2026 54.1% 1.66
Dec 2025 52.4% (1.72)
22 more quarters

Against its own ten years

Low 54.0% High 60.2%
Ten-year median 57.0%
Current reading's percentile 30

Gross margin against peers

Company Gross margin
ATRC AtriCure, Inc. compare 76.7%
LMAT LeMaitre Vascular, Inc. compare 72.0%
WRBY Warby Parker Inc. 54.8%
KMTS Kestra Medical Technologies, Ltd. compare 53.9%
XRAY DENTSPLY SIRONA Inc. compare 50.5%
AZTA Azenta, Inc. compare 44.1%
ICUI ICU Medical, Inc. compare 40.3%
STVN Stevanato Group S.p.A. compare 29.1%
PLSE Pulse Biosciences, Inc compare 26.8%
Medical Instruments & Supplies industry median 53.6%
Healthcare sector median 53.9%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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