{"schema_version":"secwatch.filing_event.v1","accession":"0001504776-23-000003","form_type":"8-K","ticker":"WRBY","cik":"0001504776","company_name":"Warby Parker Inc.","filed_at":"2023-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.303866+00:00","generated_at":"2026-06-18T21:52:58.789618+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Warby Parker Q4 adj. EBITDA turns positive; FY23 revenue guidance $645-660M","bullets":["Q4 revenue $146.5M (+10.2% YoY); GAAP net loss $20.3M vs $46.0M loss in Q4 2021.","Q4 adjusted EBITDA $8.6M (5.8% margin) vs -$6.4M loss in Q4 2021; FY22 adj. EBITDA $27.2M.","Active customers 2.28M (+3.6% YoY); avg revenue per customer $263 (+6.9% YoY).","FY23 guidance: revenue $645-660M (+8-10%); adj. EBITDA ~$51.5M (~7.9% margin); 40 new stores.","Ended 2022 with $208.6M cash, 200 stores; contact lens revenue 7.2% of business (up from 4.3%)."],"urls":{"canonical":"https://secwatch.observer/filing/0001504776-23-000003","json":"https://secwatch.observer/filing/0001504776-23-000003.json","markdown":"https://secwatch.observer/filing/0001504776-23-000003.md","text":"https://secwatch.observer/filing/0001504776-23-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1504776/000150477623000003/0001504776-23-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1504776/000150477623000003/wrby-20230228.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T21:52:58.789618+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"32f70dc235d7b21b26666294d4de70e057a96450","claim":"Warby Parker Inc. reported FY 2022 results: revenue $598.1 million, net income ($110.4 million).","evidence_excerpt":"Full Year 2022 Financial Results For the full year 2022, compared to the full year 2021: • Net revenue increased $57.3 million, or 10.6%, to $598.1 million. • Active Customers increased by 78,000, or 3.6%, to 2.28 million. • Gross profit increased 7.3% to $341.1 million. • Gross margin was 57.0% compared to 58.8% in the prior year. The decline in gross margin was primarily driven by the increased penetration of contact lenses which are sold at a lower margin than glasses, reflecting Warby Parker’s strategy to grow its contact lens offering, increases in store occupancy costs as a percent of revenue primarily due to increased depreciation and rent expense as we grew our store base to 200 stores, and an increase in salary and benefit costs associated with optometrists as we scale our eye exam offering across our fleet, to 150 exam locations, up from 102 in the prior year period. This was partially offset by the scaling of higher margin progressive lenses and leverage from the Company’s i","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1504776/000150477623000003/0001504776-23-000003-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"FY 2022"},{"label":"Revenue","value":"$598.1 million"},{"label":"Net income","value":"($110.4 million)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"91fbc2c8fe970d4e26d00640a1b53a0f659bca83","claim":"Warby Parker Inc. reported FY 2023 results: revenue $645 to $660 million. Guidance initiated.","evidence_excerpt":"2023 Outlook For the full year 2023, Warby Parker is providing the following guidance: • Net revenue of $645 to $660 million, representing growth of 8% to 10% versus full year 2022. • Adjusted EBITDA (1) of approximately $51.5 million, or adjusted EBITDA margin (1) of approximately 7.9%. • 40 new store openings bringing the total projected store count at year end to approximately 240.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1504776/000150477623000003/0001504776-23-000003-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"FY 2023"},{"label":"Revenue","value":"$645 to $660 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"fccf7ecda71f8aa219c5c014648d89f0ad552a51","claim":"Warby Parker Inc. reported Q4 2022 results: revenue $146.5 million, net income ($20.3 million).","evidence_excerpt":"Fourth Quarter and Full Year 2022 Highlights • Full year net revenue increased $57.3 million, or 10.6%, to $598.1 million compared to full year 2021. • Fourth quarter net revenue increased $13.6 million, or 10.2%, to $146.5 million compared to fourth quarter 2021. • Active Customers increased 3.6% to 2.28 million year over year. • Average Revenue per Customer increased 6.9% year over year to $263. • Q4 2022 GAAP net loss of $20.3 million, a decrease of $25.7 million from the fourth quarter of 2021. • Q4 2022 adjusted EBITDA (1) of $8.6 million and an adjusted EBITDA margin (1) of 5.8%, an increase of $15.0 million and 10.6 points from the fourth quarter of 2021. • Second half of 2022 adjusted EBITDA margin (1) of 6.9%, a 4.7 point improvement over 2.2% in the first half of 2022. • Opened 40 new stores during the year, ending 2022 with 200 stores. • Contact lens revenue increased to 7.2% of our business in 2022, up from 4.3% in 2021. • Eye exam revenue increased to 2.9% of our business","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1504776/000150477623000003/0001504776-23-000003-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q4 2022"},{"label":"Revenue","value":"$146.5 million"},{"label":"Net income","value":"($20.3 million)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}