Warby Parker Inc. - 2025年季度报告

Warby Parker Inc. Table Of Contents Special Note Regarding Forward Looking Statements This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of theSecurities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, asamended (the “Exchange Act”), which statements involve substantial risk and uncertainties. In some cases, you can identify “target,” “will,” or “would” or the negative of these words or other similar terms or expressions. Forward-lookingstatements contained in this Quarterly Report on Form 10-Q include, but are not limited to, statements about our future You should not rely on forward-looking statements as predictions of future events. We have based the forward-lookingstatements contained in this Quarterly Report on Form 10-Q primarily on our current expectations and projections aboutfuture events and trends that we believe may affect our business, financial condition, and operating results. The outcome ofthe events described in these forward-looking statements is subject to risks, uncertainties, and other factors. These risks anduncertainties include our ability to manage our future growth effectively; our expectations regarding cost of goods sold,gross margin, channel mix, customer mix, and selling, general, and administrative expenses; increases in component andshipping costs and changes in supply chain; changes to U.S. or other countries' trade policies and tariff and import/exportregulations; our reliance on our information technology systems and enterprise resource planning systems for our businessto effectively operate and safeguard confidential information; our ability to invest in and incorporate new technologies intoour products and services; risks related to our use of artificial intelligence; our ability to engage our existing customers andobtain new customers; our ability to expand in-network access with insurance providers; planned new retail stores in 2025and going forward; an overall decline in the health of the economy and other factors impacting consumer spending, such asrecessionary conditions, inflation, infectious diseases, government instability, and geopolitical unrest; our ability to compete In addition, statements such as “we believe” and similar statements reflect our beliefs and opinions on the relevant subject.These statements are based on information available to us as of the date of this Quarterly Report on Form 10-Q. While we The forward-looking statements made in this Quarterly Report on Form 10-Q relate only to events as of the date on whichthe statements are made. We undertake no obligation to update any forward-looking statements made in this QuarterlyReport on Form 10-Q or to reflect new information or the occurrence of unanticipated events, except as required by law. We Part I. Financial Information Warby Parker Inc. and SubsidiariesCondensed Consolidated Balance Sheets (Unaudited)(Amounts in thousands, except par value) Warby Parker Inc. and SubsidiariesCondensed Consolidated Statements of Changes in Stockholders’ Equity (Unaudited)(Amounts in thousands) Warby Parker Inc. and SubsidiariesNotes to Condensed Consolidated Financial Statements (Unaudited) 1.Description of BusinessWarby Parker Inc., a public benefit corporation founded in 2010 (together with its wholly owned subsidiaries, the “Company”), is a founder-led, mission-driven lifestyle brand that sits at the intersection of technology, design, healthcare,and social enterprise. The Company offers holistic vision care by selling eyewear products and providing optical services 2.Summary of Significant Accounting Policies Basis of Presentation The Company’s unaudited condensed consolidated financial statements have been prepared and are presented inaccordance with United States generally accepted accounting principles (“U.S. GAAP”). Certain information and disclosuresnormally included in consolidated financial statements prepared in accordance with U.S. GAAP have been condensed oromitted pursuant to the applicable rules and regulations of the Securities and Exchange Commission. Accordingly, thesecondensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated Principles of Consolidation The condensed consolidated financial statements include the financial statements of Warby Parker Inc., and its wholly ownedsubsidiaries. The Company has consolidated certain entities meeting the definition of a variable interest entity as theCompany concluded that it is the primary beneficiary of the entities. The inclusion of these entities does not have a materialimpact on its condensed consolidated financial statements. Intercompany balances and transactions have been eliminated in Use of EstimatesU.S. GAAP requires management to make certain estimates and assumptions during the preparation of its condensed consolidated financial statements and accompanying