| Stage | VSEC | % of rev | WRBY | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $449M | 100.00% | $236M | 100.00% | VSEC ×1.91 |
| Gross profit | $76M | 17.02% | $136M | 57.94% | WRBY +40.9pp |
| Operating income | $49M | 10.90% | $3M | 1.34% | VSEC +9.6pp |
| Pre-tax income | $39M | 8.74% | $5M | 2.23% | VSEC +6.5pp |
| Net income | $29M | 6.35% | $5M | 1.97% | VSEC +4.4pp |
| Stage | VSEC | WRBY | Gap · A − B |
|---|---|---|---|
| Revenue | $449M100.00% | $236M100.00% | VSEC ×1.91 |
| Gross profit | 17.02%$76M | 57.94%$136M | WRBY +40.9pp |
| Operating income | 10.90%$49M | 1.34%$3M | VSEC +9.6pp |
| Pre-tax income | 8.74%$39M | 2.23%$5M | VSEC +6.5pp |
| Net income |
| 6.35%$29M |
| 1.97%$5M |
| VSEC +4.4pp |