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Income Statement
Balance Sheet
Cash Flow Statement

Common Size IS
Op Efficiency
Credit Analysis

Warby Parker Inc. (WRBY)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18
   10-K10-K10-K10-KS-1/A
Revenues  598.1540.8393.7370.5272,924.0
            Revenue growth  10.6%37.4%6.3%-99.9% 
Cost of goods sold  257.1223.0161.8147.4108,616.0
Gross profit  341.1317.7231.9223.1164,308.0
            Gross margin  57.0%58.8%58.9%60.2%60.2%
Selling, general and administrative  452.3461.4287.6224.8188,319.0
EBITDA   [+]-79.3-122.1-37.912.9 
            EBITDA margin  -13.3%-22.6%-9.6%3.5%-8.8%
Depreciation and amortization  31.921.617.814.5 
EBIT   [+]-111.2-143.7-55.6-1.7-24,011.0
            EBIT margin  -18.6%-26.6%-14.1%-0.4%-8.8%
Other income (expense), net  1.3-0.3-0.11.91,373.0
Pre-tax income  -109.9-144.0-55.70.3-22,638.0
Income taxes  0.50.30.20.3238.0
            Tax rate     100.0% 
Net income  -110.4-157.4-55.9-57.5-25,552.0
            Net margin  -18.5%-29.1%-14.2%-15.5%-9.4%
   
Basic EPS   [+]($0.96)($2.21)($1.05)($1.10)($0.49)
Diluted EPS   [+]($0.96)($2.21)($1.05)($1.10)($0.49)
   
Shares outstanding (basic)   [+]114.971.253.052.452,384.0
Shares outstanding (diluted)   [+]114.971.253.052.452,384.0
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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