Warby Parker Reports 9.8% Revenue Growth to $235.5 Million in Q2 2026

Warby Parker Inc. reported a notable increase in financial performance for the second quarter of 2026, with net revenue reaching $235.5 million, a 9.8% rise from $214.5 million in the same period last year. The company's gross profit also saw a significant increase, climbing to $136.5 million, up from $113.6 million, resulting in a gross margin of 57.9%, compared to 53.0% in the prior year. The net income for the quarter was $4.6 million, a turnaround from a net loss of $1.8 million in Q2 2025. For the first half of 2026, net revenue totaled $478.0 million, up 9.1% from $438.3 million in the first half of 2025, with net income of $7.8 million compared to $1.7 million in the previous year.

The company experienced a decrease in cost of goods sold, which fell to $99.1 million from $100.9 million year-over-year, primarily due to benefits from IEEPA tariff refunds. This reduction contributed to a gross profit increase of 20.1% for the quarter. Selling, general, and administrative expenses rose by 12.8% to $133.3 million, driven by higher payroll costs and technology expenses. The company reported an Adjusted EBITDA of $32.9 million for Q2 2026, reflecting an Adjusted EBITDA margin of 14.0%, up from 11.7% in the same quarter last year.

Operationally, Warby Parker expanded its retail footprint, opening 15 new stores in the second quarter, bringing the total to 352 locations. The company reported a 4.1% increase in active customers, with average revenue per customer rising to $336 from $316. The company continues to enhance its omnichannel presence, integrating its online and physical retail strategies to improve customer engagement and accessibility.

Strategically, Warby Parker is advancing its partnership with Google to develop AI-enabled glasses, with Google committing up to $75 million for product development. The company also navigated a changing tariff environment following a U.S. Supreme Court ruling that affected certain tariffs, resulting in a recorded benefit of $11.8 million to cost of goods sold for inventory sold through June 30, 2026. The company anticipates that these developments will positively impact its financial performance moving forward.

Looking ahead, Warby Parker remains focused on leveraging its integrated platform to drive growth while managing costs effectively. The company believes its existing cash reserves, along with access to a $120 million credit facility, will support its operations for at least the next 12 months. The ongoing economic environment, including inflation and changes in consumer spending, will be closely monitored as the company continues to execute its strategic initiatives.