Net Loss Per Share Attributable to Common Stockholders (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Earnings Per Share, Basic and Diluted

Basic and diluted net income per share is presented in conformity with the two-class method required for participating securities. Under the two-class method, net income is attributed to common stockholders and participating securities based on their participation rights. The Company’s Class A and Class B common stock have, in effect, the same economic rights and share equally in undistributed net income, and as such, net income is allocated proportionately between them.

The computation of earnings per share is as follows:


	Three Months Ended March 31,
	2026		2025
Numerator
Net income	$	3,177	$	3,472
Denominator
Weighted average shares, basic	123,438		121,946
Dilutive impact of:
Stock options	1,266		1,278
RSUs	768		1,300
ESPP purchase rights	82		103
Weighted average shares, diluted	125,554		124,627
Earnings per share
Basic	$	0.03	$	0.03
Diluted	$	0.03	$	0.03

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following potentially dilutive shares were excluded from the computation of diluted earnings per share because including them would have been antidilutive:


	Three Months Ended March 31,
	2026	2025

Unvested restricted stock units	1,016	982
Unvested performance stock units	4,943	4,633
ESPP purchase rights	—	61

Warby Parker Inc. 10-Q