Warby Parker Inc.
WRBY · Ophthalmic Goods · 113.2M shares · +22%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: -$62M (gross $8M, SBC $71M)
Reference price $25.41 · est. market cap ~$2.9B — last insider sale, 2026-06-16 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C64Warby Parker — eyewear DTC/omnichannel retailer near breakeven, growing.
Strengths
- Revenue +13%; strong liquidity (current 2.4) and FCF (62nd pct)
- Vertically integrated brand and store rollout
Risks
- Net margin ~0%; consumer-discretionary demand sensitivity
- Store-expansion execution and competition
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Chronic dilutionShare count +22%/yr over 4y (dilution, book value/share -43%)
- Strong balance sheetStrong balance sheet — $286M cash & investments
- Insider sellingInsider selling — 22 open-market sale(s) by 6 insider(s) (cluster of 6 insiders, ~$18M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
54.0%
Operating margin
-0.6%
Net margin
0.2%
Return on equity
0.4%
Return on assets
0.2%
Revenue growth (QoQ)
14.4%
Current ratio
2.3×
Free cash flow
$44M
EBITDA
$45M
Tangible book value
$368M
Cash & investments
$286M
Stock comp / revenue
4.0%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-16 | Briggs Teresa | Sell | 1.9K | $26.79 |
| 2026-06-16 | Briggs Teresa | Sell | 3.1K | $25.41 |
| 2026-06-12 | Moon Youngme E | Sell | 10K | $26.53 |
| 2026-06-08 | Moon Youngme E | Grant | 9.0K | — |
| 2026-06-08 | WILLIAMS RONALD A | Grant | 13K | — |
| 2026-06-08 | SINGER BRADLEY E | Grant | 9.0K | — |
| 2026-06-08 | Raider Jeffrey Jacob | Grant | 9.0K | — |
| 2026-06-08 | Hunt Andrew | Grant | 12K | — |
| 2026-06-08 | Briggs Teresa | Grant | 9.0K | — |
| 2026-06-02 | Gilboa David Abraham | Option exercise | 9.8K | — |
| 2026-06-02 | Gilboa David Abraham | Option exercise | 11K | — |
| 2026-06-02 | Gilboa David Abraham | Tax withheld | 12K | $24.38 |
| 2026-06-02 | Blumenthal Neil Harris | Option exercise | 9.8K | — |
| 2026-06-02 | Blumenthal Neil Harris | Option exercise | 11K | — |
| 2026-06-02 | Blumenthal Neil Harris | Tax withheld | 12K | $24.38 |
| 2026-05-19 | Blumenthal Neil Harris | Conversion | 63K | — |
| 2026-05-19 | Blumenthal Neil Harris | Sell | 63K | $30.03 |
| 2026-05-14 | SINGER BRADLEY E | Sell | 4.8K | $29.01 |
| 2026-05-13 | SINGER BRADLEY E | Sell | 20K | $28.51 |
| 2026-04-20 | Blumenthal Neil Harris | Sell | 22K | $25.09 |
| 2026-04-20 | Blumenthal Neil Harris | Conversion | 22K | — |
| 2026-04-17 | Blumenthal Neil Harris | Conversion | 48K | — |
| 2026-04-17 | Blumenthal Neil Harris | Sell | 48K | $24.29 |
| 2026-04-17 | Blumenthal Neil Harris | Conversion | 28K | — |
| 2026-04-17 | Blumenthal Neil Harris | Sell | 28K | $25.04 |
| 2026-04-16 | Blumenthal Neil Harris | Conversion | 2.3K | — |
| 2026-04-16 | Blumenthal Neil Harris | Sell | 2.3K | $24.08 |
| 2026-03-11 | Raider Jeffrey Jacob | Sell | 25K | $25.43 |
| 2026-03-05 | Blumenthal Neil Harris | Option exercise | 13K | — |
| 2026-03-05 | Blumenthal Neil Harris | Tax withheld | 7.5K | $27.36 |
| 2026-03-05 | Gilboa David Abraham | Option exercise | 13K | — |
| 2026-03-05 | Gilboa David Abraham | Tax withheld | 7.5K | $27.36 |
| 2026-03-04 | SINGER BRADLEY E | Sell | 16K | $27.53 |
| 2026-03-02 | Gilboa David Abraham | Grant | 16K | — |
| 2026-03-02 | Gilboa David Abraham | Tax withheld | 8.9K | $26.29 |
| 2026-03-02 | Blumenthal Neil Harris | Grant | 16K | — |
| 2026-03-02 | Blumenthal Neil Harris | Tax withheld | 8.9K | $26.29 |
| 2026-01-13 | Blumenthal Neil Harris | Conversion | 660 | — |
| 2026-01-13 | Blumenthal Neil Harris | Sell | 660 | $29.99 |
| 2026-01-13 | Gilboa David Abraham | Conversion | 80K | — |
| 2026-01-13 | Gilboa David Abraham | Sell | 80K | $29.46 |
| 2026-01-09 | Gilboa David Abraham | Conversion | 20K | — |
| 2026-01-09 | Gilboa David Abraham | Sell | 20K | $29.09 |
| 2026-01-07 | Gilboa David Abraham | Conversion | 75K | — |
| 2026-01-07 | Blumenthal Neil Harris | Conversion | 50K | — |
| 2026-01-07 | Gilboa David Abraham | Sell | 75K | $27.09 |
| 2026-01-07 | Blumenthal Neil Harris | Sell | 50K | $27.08 |
| 2026-01-06 | Gilboa David Abraham | Sell | 50K | $24.29 |
| 2026-01-06 | Blumenthal Neil Harris | Conversion | 150K | — |
| 2026-01-06 | Blumenthal Neil Harris | Sell | 50K | $24.29 |
| 2026-01-06 | Blumenthal Neil Harris | Sell | 50K | $24.99 |
| 2026-01-06 | Blumenthal Neil Harris | Sell | 50K | $25.99 |
| 2026-01-06 | Gilboa David Abraham | Conversion | 50K | — |
| 2026-01-02 | Gilboa David Abraham | Conversion | 25K | — |
| 2026-01-02 | Gilboa David Abraham | Sell | 25K | $22.46 |
| 2025-12-16 | Cutler Joel E | Sell | 20K | $26.01 |
| 2025-12-16 | Cutler Joel E | Gift | 20K | — |
| 2025-12-16 | Cutler Joel E | Gift | 20K | — |
| 2025-12-12 | Raider Jeffrey Jacob | Sell | 25K | $27.42 |
| 2025-12-11 | Blumenthal Neil Harris | Conversion | 100K | — |
| 2025-12-11 | Blumenthal Neil Harris | Sell | 100K | $30.29 |
| 2025-12-11 | Moon Youngme E | Sell | 39K | $29.07 |
| 2025-12-11 | Gilboa David Abraham | Conversion | 200K | — |
| 2025-12-11 | Gilboa David Abraham | Sell | 200K | $30.20 |
| 2025-12-02 | Blumenthal Neil Harris | Option exercise | 9.8K | — |
| 2025-12-02 | Gilboa David Abraham | Option exercise | 9.8K | — |
| 2025-12-02 | Gilboa David Abraham | Tax withheld | 5.4K | $18.79 |
| 2025-12-02 | Blumenthal Neil Harris | Tax withheld | 5.4K | $18.79 |
| 2025-10-01 | Gilboa David Abraham | Conversion | 125K | — |
| 2025-10-01 | Gilboa David Abraham | Sell | 125K | $27.30 |
| 2025-09-18 | Blumenthal Neil Harris | Sell | 8.4K | $27.52 |
| 2025-09-18 | Blumenthal Neil Harris | Conversion | 8.4K | — |
| 2025-09-18 | Gilboa David Abraham | Conversion | 58K | — |
| 2025-09-18 | Gilboa David Abraham | Sell | 58K | $27.58 |
| 2025-09-17 | Blumenthal Neil Harris | Sell | 500 | $27.52 |
| 2025-09-17 | Gilboa David Abraham | Conversion | 600 | — |
| 2025-09-17 | Gilboa David Abraham | Sell | 600 | $27.52 |
| 2025-09-17 | Blumenthal Neil Harris | Conversion | 500 | — |
| 2025-09-11 | Blumenthal Neil Harris | Sell | 41K | $27.53 |
| 2025-09-11 | Blumenthal Neil Harris | Conversion | 41K | — |
| 2025-09-11 | Gilboa David Abraham | Sell | 41K | $27.53 |
| 2025-09-11 | Gilboa David Abraham | Conversion | 41K | — |
| 2025-09-08 | Cutler Joel E | Sell | 35K | $26.75 |
| 2025-09-08 | Cutler Joel E | Gift | 35K | — |
| 2025-09-08 | Cutler Joel E | Gift | 35K | — |
| 2025-09-03 | Blumenthal Neil Harris | Tax withheld | 5.4K | $25.55 |
| 2025-09-03 | Gilboa David Abraham | Option exercise | 9.8K | — |
| 2025-09-03 | Gilboa David Abraham | Tax withheld | 5.4K | $25.55 |
| 2025-09-03 | Blumenthal Neil Harris | Option exercise | 9.8K | — |
| 2025-09-03 | Miller Steven Clive | Option exercise | 28K | — |
| 2025-09-03 | Miller Steven Clive | Tax withheld | 16K | $25.55 |
| 2025-08-13 | Blumenthal Neil Harris | Conversion | 50K | — |
| 2025-08-13 | Blumenthal Neil Harris | Sell | 50K | $25.11 |
| 2025-08-11 | Briggs Teresa | Sell | 6.0K | $23.56 |
| 2025-07-21 | Blumenthal Neil Harris | Sell | 50K | $24.21 |
| 2025-07-21 | Gilboa David Abraham | Sell | 74K | $24.27 |
| 2025-07-21 | Gilboa David Abraham | Conversion | 74K | — |
| 2025-07-21 | Blumenthal Neil Harris | Conversion | 50K | — |
| 2025-07-18 | Blumenthal Neil Harris | Conversion | 400 | — |
| 2025-07-18 | Blumenthal Neil Harris | Sell | 400 | $24.01 |
| 2025-07-18 | Gilboa David Abraham | Conversion | 500 | — |
| 2025-07-18 | Gilboa David Abraham | Sell | 500 | $24.01 |
| 2025-07-01 | Gilboa David Abraham | Conversion | 50K | — |
| 2025-07-01 | Gilboa David Abraham | Sell | 50K | $22.04 |
| 2025-06-10 | Moon Youngme E | Grant | 12K | — |
| 2025-06-10 | Briggs Teresa | Grant | 12K | — |
| 2025-06-10 | WILLIAMS RONALD A | Grant | 17K | — |
| 2025-06-10 | Raider Jeffrey Jacob | Grant | 12K | — |
| 2025-06-10 | SINGER BRADLEY E | Grant | 16K | — |
| 2025-06-10 | Hunt Andrew | Grant | 16K | — |
| 2025-06-03 | Miller Steven Clive | Option exercise | 30K | — |
| 2025-06-03 | Gilboa David Abraham | Option exercise | 9.8K | — |
| 2025-06-03 | Gilboa David Abraham | Tax withheld | 5.4K | $21.48 |
| 2025-06-03 | Blumenthal Neil Harris | Option exercise | 9.8K | — |
| 2025-06-03 | Blumenthal Neil Harris | Tax withheld | 5.4K | $21.48 |
| 2025-06-03 | Miller Steven Clive | Tax withheld | 17K | $21.48 |
| 2025-06-02 | Raider Jeffrey Jacob | Gift | 1.5M | — |
| 2025-05-22 | Moon Youngme E | Sell | 33K | $19.90 |
| 2025-03-18 | Cutler Joel E | Other | 985K | — |
| 2025-03-18 | Cutler Joel E | Other | 4.5M | — |
| 2025-03-18 | Cutler Joel E | Other | 122K | — |
| 2025-03-04 | Blumenthal Neil Harris | Sell | 28K | $23.52 |
| 2025-03-04 | Gilboa David Abraham | Conversion | 26K | — |
| 2025-03-04 | Gilboa David Abraham | Option exercise | 3.3K | — |
| 2025-03-04 | Gilboa David Abraham | Sell | 28K | $23.52 |
| 2025-03-04 | Gilboa David Abraham | Conversion | 175K | — |
| 2025-03-04 | Gilboa David Abraham | Sell | 16K | $23.95 |
| 2025-03-04 | Gilboa David Abraham | Sell | 159K | $23.47 |
| 2025-03-04 | Miller Steven Clive | Option exercise | 28K | — |
| 2025-03-04 | Miller Steven Clive | Sell | 12K | $23.52 |
| 2025-03-04 | Blumenthal Neil Harris | Conversion | 26K | — |
| 2025-03-04 | Blumenthal Neil Harris | Option exercise | 3.3K | — |
| 2025-03-03 | Blumenthal Neil Harris | Grant | 23K | — |
| 2025-03-03 | Miller Steven Clive | Grant | 15K | — |
| 2025-03-03 | Miller Steven Clive | Tax withheld | 6.3K | $24.16 |
| 2025-03-03 | Gilboa David Abraham | Grant | 23K | — |
| 2025-03-03 | Gilboa David Abraham | Tax withheld | 13K | $24.17 |
| 2025-03-03 | Blumenthal Neil Harris | Tax withheld | 13K | $24.17 |
| 2025-03-03 | Blumenthal Neil Harris | Conversion | 150K | — |
| 2025-03-03 | Blumenthal Neil Harris | Sell | 144K | $24.37 |
| 2025-03-03 | Blumenthal Neil Harris | Sell | 6.1K | $25.07 |
| 2025-01-30 | Blumenthal Neil Harris | Conversion | 50K | — |
| 2025-01-30 | Blumenthal Neil Harris | Sell | 50K | $27.61 |
| 2025-01-03 | Gilboa David Abraham | Sell | 37K | $25.41 |
| 2025-01-03 | Gilboa David Abraham | Conversion | 37K | — |
| 2025-01-02 | Gilboa David Abraham | Conversion | 338K | — |
| 2025-01-02 | Gilboa David Abraham | Sell | 338K | $25.14 |
| 2025-01-02 | Gilboa David Abraham | Sell | 100 | $25.40 |
| 2025-01-02 | Blumenthal Neil Harris | Conversion | 300K | — |
| 2025-01-02 | Blumenthal Neil Harris | Sell | 300K | $25.14 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-12 | Shareholder vote | filing ↗ |
| 2026-05-07 | ResultsExhibits | filing ↗ |
| 2026-02-26 | ResultsOtherExhibits | filing ↗ |
| 2026-02-09 | Exec/director changeReg FDExhibits | filing ↗ |
| 2025-12-08 | Reg FD | filing ↗ |
| 2025-11-06 | ResultsExhibits | filing ↗ |
| 2025-08-07 | ResultsExec/director changeExhibits | filing ↗ |
| 2025-06-16 | Shareholder vote | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-12 | 2026-06-08 | 0001504776-26-000013 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001504776-26-000009 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001504776-26-000011 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001504776-26-000006 ↗ |
| 8-K | 2026-02-26 | 2026-02-26 | 0001504776-26-000003 ↗ |
| 8-K | 2026-02-09 | 2026-02-04 | 0001104659-26-012081 ↗ |
| 8-K | 2025-12-08 | 2025-12-08 | 0001104659-25-119209 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001504776-25-000033 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001504776-25-000030 ↗ |
| 10-Q | 2025-08-08 | 2025-06-30 | 0001504776-25-000027 ↗ |
| 8-K | 2025-08-07 | 2025-08-04 | 0001504776-25-000024 ↗ |
| 8-K | 2025-06-16 | 2025-06-10 | 0001104659-25-059495 ↗ |