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$WRBY Q4’25 EARNINGS HIGHLIGHTS
🔹 Revenue: $212M (Est. $212M) 🟡; UP 11.2% YoY
🔹 Adj. EBITDA: $15.2M
🔹 Active customers: UP 7.0% YoY
🔹 ARPC: $324; UP 5.7% YoY
FY’26 Guide:
🔹 Adj. EBITDA: $117M-$119M 🟢; +22.9% to +25.0%
🔹 Revenue: $959M-$976M; ; ~10% to ~12% YoY
🔹 New store openings: 50
Other Metrics:
🔹 Stores: 323 (end of 2025)
🔹 FY25 free cash flow: $43.7M
Financials:
🔹 FY25 operating cash flow: $110.8M
🔹 Cash & cash equivalents: $286.4M
Capital Return:
🔹 Share repurchase authorization: $100M
Commentary:
🔸 “In 2025, we delivered double-digit revenue growth each quarter and achieved our first full year of positive net income while expanding Adjusted EBITDA.”
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