Warby Parker Inc. Financial Ratios — WRBY Stock

Profitability (USD)

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	-38.56	-21.48	-6.35	0.46
Return on Assets (%)	- -	-18.02	-32.59	-21.87	-11	-3.24	0.23
Return on Capital (%)	- -	- -	- -	- -	- -	- -	0.28
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	-0.49
Gross Margin (%)	60.22	58.91	58.76	57.02	54.53	55.34	53.97
EBITDA Margin (%)	3.47	-9.62	-22.58	-13.26	-4.99	2.04	5.15
Operating Margin (%)	-0.45	-14.13	-26.56	-18.59	-10.75	-3.9	-0.61
Incremental Operating Margin (%)	- -	- -	- -	56.63	54.72	41.24	24.63
Pretax Margin (%)	0.07	-14.15	-26.63	-18.37	-9.37	-2.53	0.35
Profit Margin (%)	- -	-14.2	-26.68	-18.46	-9.44	-2.64	0.19
Net Income to Common Margin (%)	-15.53	-14.2	-29.11	-18.46	-9.44	-2.64	0.19
Effective Tax Rate (%)	100	- -	- -	- -	- -	- -	46.07
Dvd Payout Ratio (%)	100	- -	8.35	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	-38.56	-21.48	-6.35	0.46

Credit (USD)

Credit Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	- -	- -	173	174	225	233
ST Debt	- -	- -	- -	23	24	20	31
LT Debt	- -	- -	- -	151	150	205	202
Total Debt/EBITDA	- -	- -	- -	-2.19	-5.22	14.31	5.19
Net Debt/EBITDA	-4.31	8.29	2.1	2.63	6.49	-16.13	-6.37
Total Debt/EBIT	- -	- -	- -	-1.56	-2.42	-7.48	-43.69
Net Debt/EBIT	33.33	5.65	1.78	1.88	3.01	8.44	53.67
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	-107.73	-44.54	64.9	50.4	52	50.27	51.01
Long-Term Debt/Equity (%)	- -	- -	- -	52.62	49.76	60.32	54.86
Long-Term Debt/Capital (%)	- -	- -	- -	32.79	31.53	36.28	33.58
Long-Term Debt/Total Assets (%)	- -	- -	- -	26.52	25.88	30.32	27.98
Total Debt/Equity (%)	- -	- -	- -	60.49	57.81	66.27	63.4
Total Debt/Capital (%)	- -	- -	- -	37.69	36.63	39.86	38.8
Total Debt/Total Assets (%)	- -	- -	- -	30.49	30.06	33.31	32.34
Net Debt to Equity	-75.51	-101.84	-89.66	-72.77	-71.87	-74.74	-77.87
Net Debt/Capital (%)	-308.39	5,537.46	-866.8	-82.96	-83.63	-81.65	-91.05
EBITDA	13	-38	-122	-79	-33	16	45
EBITDA-CapEx	-20	-58	-171	-140	-87	-48	-22
Operating Income (Loss)	-2	-56	-144	-111	-72	-30	-5

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.73	2.98	2.17	1.61	1.71	1.95	1.91
Current Ratio	1.21	3.42	2.78	2.27	2.35	2.5	2.35
Quick Ratio	0.75	2.99	2.18	1.62	1.72	1.96	1.93
CFO/Avg Current Liab	- -	0.36	-0.29	0.08	0.48	0.77	0.79
Common Equity/Total Assets	-107.73	-44.54	64.9	50.4	52	50.27	51.01
Long-Term Debt/Equity (%)	- -	- -	- -	52.62	49.76	60.32	54.86
Long-Term Debt/Capital (%)	- -	- -	- -	32.79	31.53	36.28	33.58
Long-Term Debt/Total Assets (%)	- -	- -	- -	26.52	25.88	30.32	27.98
Total Debt/Equity (%)	- -	- -	- -	60.49	57.81	66.27	63.4
Total Debt/Capital (%)	- -	- -	- -	37.69	36.63	39.86	38.8
Total Debt/Total Assets (%)	- -	- -	- -	30.49	30.06	33.31	32.34
CFO/Total Liabilities	20.88	24.03	-20.69	3.68	21.9	29.35	31.37
CFO/CapEx	0.66	1.63	-0.66	0.17	1.14	1.54	1.65
Altman's Z-Score	- -	- -	- -	- -	- -	- -	4.36

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	458.08	678.97	492.88	416.78	413.91	333.23
Days Sales Outstanding	- -	0.8	0.54	0.74	0.88	0.88	1.1
Inventory Turnover	- -	4.84	4.67	4.08	4.65	6.01	8.29
Days Inventory Outstanding	- -	75.47	78.19	89.42	78.55	60.7	44.04
Accounts Payable Turnover	- -	4.4	6.74	10.4	13.78	14.56	14.18
Accounts Payable Turnover Days	- -	82.95	54.13	35.09	26.49	25.08	25.74
Cash Conversion Cycle	- -	-6.68	24.6	55.07	52.94	36.51	19.4
Inventory to Cash Days	- -	-74.68	-77.65	-88.68	-77.68	-59.82	-42.95
Inventories	28	38	57	69	62	52	45
Raw Materials	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -
Other Inventory	28	38	57	69	62	52	45

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	2,452
- Cash & Cash Equivalents	55	314	256	209	217	254	286
+ Preferred Equity and Hybrid Capital	263	507	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	173	174	225	233
Enterprise Value	- -	- -	- -	- -	- -	- -	2,399
Total Capital	73	308	286	460	476	565	601
Total Debt/Capital (%)	- -	- -	- -	37.69	36.63	39.86	38.8
Total Debt / EV	- -	- -	- -	- -	- -	- -	0.1
EV/Sales	- -	- -	- -	- -	- -	- -	2.75
EV/EBITDA	- -	- -	- -	- -	- -	- -	53.37
EV/EBIT	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	21.65
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	54.84
Diluted Market Cap	- -	- -	- -	- -	- -	- -	2,456
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	2,403
EV per Share	- -	- -	- -	- -	- -	- -	19.59
TTM Sales	370	394	541	598	670	771	872
TTM EBITDA	13	-38	-122	-79	-33	16	45
TTM Operating Income	-2	-56	-144	-111	-72	-30	-5
TTM Cash Flow to Firm	21	- -	- -	- -	- -	- -	111
TTM Free Cash Flow to Firm	-11	- -	- -	- -	- -	- -	44

Multiples (USD)

Valuation Multiples API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	56.16
EV/EBIT	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	- -	- -	- -	2,399
Low Price	- -	- -	- -	- -	- -	- -	20.02
EV/Sales	- -	- -	- -	- -	- -	- -	2.75
EV/EBITDA	- -	- -	- -	- -	- -	- -	53.37
Price/Earnings	- -	- -	- -	- -	- -	- -	1,496.77
Price/Earnings Average	- -	- -	- -	- -	- -	- -	1,548.17
Price/Earnings High	- -	- -	- -	- -	- -	- -	1,599.57
Price/Earnings Low	- -	- -	- -	- -	- -	- -	1,496.77
Price/Book Value	- -	- -	- -	- -	- -	- -	6.67
Price/Book Value Average	- -	- -	- -	- -	- -	- -	6.9
Price/Book Value High	- -	- -	- -	- -	- -	- -	7.13
Price/Book Value Low	- -	- -	- -	- -	- -	- -	6.67
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	6.67
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	6.9
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	7.13
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	6.67
Price/Sales	- -	- -	- -	- -	- -	- -	2.82
Price/Sales Average	- -	- -	- -	- -	- -	- -	2.91
Price/Sales High	- -	- -	- -	- -	- -	- -	3.01
Price/Sales Low	- -	- -	- -	- -	- -	- -	2.82
Price/Cash Flow	- -	- -	- -	- -	- -	- -	22.17
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	22.93
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	23.69
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	22.17
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	58.09
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	60.02
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	56.16
EV/Sales Average	- -	- -	- -	- -	- -	- -	2.85
EV/Sales High	- -	- -	- -	- -	- -	- -	2.94
EV/Sales Low	- -	- -	- -	- -	- -	- -	2.75
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	55.24
EV/EBITDA High	- -	- -	- -	- -	- -	- -	57.11
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	53.37
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	- -	20.02
High Price	- -	- -	- -	- -	- -	- -	21.4
Enterprise Value Average	- -	- -	- -	- -	- -	- -	2,483
Enterprise Value High	- -	- -	- -	- -	- -	- -	2,567
Enterprise Value Low	- -	- -	- -	- -	- -	- -	2,399

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	112	112	114	115	118	121	122
Diluted Weighted Avg Shares	11	11	71	115	117	120	123
Basic Weighted Avg Shares	11	11	71	115	117	120	123
Revenue per Share	33.23	35.31	7.59	5.2	5.71	6.41	7.11
EBITDA per Share	1.15	-3.4	-1.71	-0.69	-0.28	0.13	0.37
Operating Income per Share	-0.15	-4.99	-2.02	-0.97	-0.61	-0.25	-0.04
Basic EPS, GAAP	-5.16	-5.02	-2.21	-0.96	-0.54	-0.17	0.01
Basic EPS from Cont Ops	- -	-5.02	-2.02	-0.96	-0.54	-0.17	0.01
Diluted EPS, GAAP	-5.16	-5.02	-2.21	-0.96	-0.54	-0.17	0.01
Diluted EPS from Cont Ops	- -	-5.02	-2.02	-0.96	-0.54	-0.17	0.01
Dividend per Share	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	1.92	2.94	-0.45	0.09	0.52	0.82	0.9
Free Cash Flow per Basic Share	-1.01	1.14	-1.13	-0.43	0.06	0.29	0.36
Cash & Equivalents per Share	0.5	2.82	2.26	1.81	1.84	2.1	2.34
Book Value per Share	-1.7	-1.78	2.52	2.49	2.55	2.81	3
Tangible Book Value per Share	-1.7	-1.78	2.52	2.49	2.55	2.81	3