Warby Parker reports Q3 2026 results

Item 2.02 Results of Operations and Financial Condition

On November 5, 2026, Warby Parker Inc. (the " Company ") issued a press release announcing the Company's financial results for the third quarter ended September 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.¹

The information in this Item 2.02, including Exhibit 99.1, is furnished herewith and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (" Exchange Act "), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No. Description

99.1 Press Release Issued by the Company dated November 5, 2026

104 Cover Page Interactive Data File (embedded within the Inline XBRL)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

WARBY PARKER INC.

Dated: November 5, 2026 By: /s/ Adrian Mitchell

Adrian Mitchell

Chief Financial Officer

Warby Parker Announces Third Quarter 2026 Results

NEW YORK, November 5, 2026. Warby Parker Inc. (NYSE: WRBY) ("Warby Parker" or the "Company"), a direct-to-consumer lifestyle brand focused on vision for all, today announced financial results for the third quarter ended September 30, 2026.

Highlights

• Delivered revenue of $244.7 million, up 10.4% year over year.²

• Drove Active Customer growth of 3.0% to 2.74 million on a trailing 12-month basis, and Average Revenue per Customer of $342, up 6.7% year over year.³

• Achieved gross margin of 54.4%, up from 54.1% in the prior year.⁴

• Generated net income of $5.6 million and Adjusted EBITDA (1) of $28.6 million.⁵

• Opened 12 net new stores during the quarter, ending Q3 with 364 stores.

"One week from today, on November 12, we'll begin accepting pre-orders for our first Intelligent Eyewear collection and look forward to delivering customer orders during the holiday season," said Dave Gilboa, Co-Founder and Co-CEO of Warby Parker. "We can't wait for customers to experience these remarkable products firsthand."

"There's a tremendous amount happening across Warby Parker, from rolling out Warby Parker Care to expanding our retail footprint to launching our first Intelligent Eyewear collection," said Neil Blumenthal, Co-Founder and Co-CEO. "We're continuing to expand our products and services, build on the investments we've made over many years, like exams and insurance, and find new ways to serve our customers. In an uneven optical environment, we're staying focused on what we can control, while pursuing opportunities we believe can drive meaningful growth for years to come."

Third Quarter 2026 Year-Over-Year Financial Results

• Net revenue increased $23.1 million, or 10.4%, to $244.7 million.

• Active Customers increased 3.0% to 2.74 million on a trailing 12-month basis, and Average Revenue per Customer increased 6.7% to $342.

• Gross profit was $133.2 million, or 54.4% of revenue, compared to $119.9 million, or 54.1% of revenue, in the prior year. The increase in gross margin was primarily related to leverage in glasses, driven by reduced tariffs, customer shipping savings, optical lab efficiencies, and increased penetration of progressives and other lens treatments. These benefits were partially offset by deleverage from growth in eye care and in fixed expenses related to occupancy costs as we opened 12 net new stores. Adjusted Gross Profit (1) was $133.6 million, or 54.6% of revenue, compared to $120.2 million, or 54.2% of revenue, in the prior year.

• Selling, general, and administrative expenses ("SG&A") were $129.6 million, up $13.2 million from the prior year. As a percentage of revenue, SG&A increased by 50 basis points, primarily driven by retail compensation and corporate expenses, including higher technology costs. The increase was partially offset by lower marketing spend as a percentage of revenue. Adjusted SG&A (1) was $120.8 million,

1 or 49.4% of revenue, compared to $108.0 million, or 48.7% of revenue, in the prior year.

• Net income decreased $0.3 million to $5.6 million.

• Adjusted EBITDA (1) increased $2.8 million to $28.6 million and Adjusted EBITDA Margin (1) increased 10 basis points to 11.7%.

Balance Sheet and Cash Flow Highlights

• Ended the third quarter of 2026 with $287.9 million in cash and cash equivalents.⁶

• Third quarter operating cash flow of $24.7 million and Free Cash Flow (1) of $(2.0) million⁷, reflecting investments related to launching Intelligent Eyewear.

2026 Outlook

For the full year 2026, Warby Parker is narrowing its revenue guidance and reaffirming its Adjusted EBITDA (1) guidance as follows:

• Net revenue of $966 to $976 million, representing approximately 11% to 12% growth versus full year 2025.⁸

• Adjusted EBITDA (1) of $117 to $119 million, which equates to an Adjusted EBITDA Margin (1) of 12.2%⁹ and 130 basis points of year-over-year expansion at the midpoint of the range.

• Guidance now includes a modest contribution from Intelligent Eyewear, along with the related launch and operating expenses.¹⁰

• 50 new store openings.

"We delivered double-digit revenue growth in Q3, with Adjusted EBITDA exceeding our guidance," said Adrian Mitchell, Chief Financial Officer. "Our profitability reflects disciplined execution across the business, and we're maintaining that focus through the remainder of the year as we enter 2027 with significant financial flexibility."

The guidance and forward-looking statements made in this press release and on the Company's conference call are based on management's expectations as of the date of this press release.

(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.

Webcast and Conference Call

A conference call to discuss Warby Parker's third quarter 2026 results, as well as fourth quarter and full year 2026 outlook, is scheduled for 8:00 a.m. ET on November 5, 2026. To participate, please dial (833) 461-5787 from the U.S. or (585) 542-9983 from international locations. The conference passcode is 432226894. A live webcast of the conference call will be available on the investors section of the Company's website at investors.warbyparker.com where presentation materials will also be posted prior to the conference call. A replay will be made available online approximately two hours following the live call for a peri