Warby Parker Reports Fourth Quarter and Full Year 2025 Financial Results

Headline numbers for 2025 For the full year 2025, net revenue reached $871.9 million, up 13.0% year over year. Net income came in at $1.6 million, marking the company’s first positive annual bottom line as a public company.

Adjusted EBITDA grew about 30% to $95.2 million, with margin expanding roughly 140 basis points to around 10%. In the fourth quarter of 2025, net revenue rose 11.2% to roughly $212 million, although EPS of $‑0.05 missed expectations.

Stores, customers, and omnichannel During 2025, Warby Parker opened 47 net new stores, the most in a single year, bringing its fleet to 323 locations, including about 318 in the United States and 5 in Canada. Active customers increased 7.0% to about 2.7 million, and average revenue per customer rose 5.7% to $324.

By year’s end, eye exams were available in 285 locations, reinforcing the company’s push from pure frames into broader vision services…