Good afternoon, and welcome to the Warby Parker 2026 annual meeting of stockholders, which is being held virtually. I will now turn the line over to Neil Blumenthal.
Thank you, and good afternoon, everyone. I am Neil Blumenthal, the Co-CEO, Co-founder, and Co-chairman of the board of Warby Parker. Today, I'll also serve as chairman of our annual meeting of stockholders. On behalf of Warby Parker, the members of the board, and our leadership team, welcome. We're so glad you've joined us. In addition, participating today are members of our board, my Co-founder and Co-CEO, Dave Gilboa, our Chief Financial Officer, Adrian Mitchell, our General Counsel and Secretary, Chris Utecht, and our Vice President of Investor Relations, Jaclyn Berkley. I would also like to introduce Ari Cohen and Allison Schober of EY, the company's Independent Auditor, who will be available to respond to appropriate questions during the question- and- answer portion of the meeting. I'd also like to note that today's remarks may include forward-looking statements.
Actual results may differ materially from those indicated by these statements as a result of various important factors, including those discussed in the Risk Factors sections of our Form 10-K, 10-Qs, and other reports on file with the SEC. Any forward-looking statements represent our views only as of today, and we take no obligation to update them. The meeting will now officially come to order. We will proceed with the formal business of the meeting as set forth in the notice of the annual meeting and proxy statement. The polls opened today, June 8th, 2026, at 3:30 P.M. Eastern Time for voting on all matters before the meeting. If you have not already voted and wish to vote, the polls will remain open until we finish presenting the proposals and close the polls.
You do not need to vote during the meeting if you have already voted and do not wish to change your vote. On the virtual meeting webpage, you will find the agenda for the meeting. You will also find the rules of conduct for today's meeting. Please review these rules carefully. Note that only stockholders who are logged in using their unique live meeting link will be able to vote and submit questions at today's meeting. Our Secretary will file the proof of mailing of the notice of the meeting with the records of the meeting. All stockholders of record at the close of business on April 16th, 2026, or holders of a valid proxy, are entitled to vote at the meeting.
A complete list of the holders of record of the outstanding shares of the company's common stock on the record date for the meeting is available on your screen if you have logged in to the meeting using your unique live meeting link. At this time, I'd like to introduce Cheryl Niebling, a representative of Broadridge Financial Solutions, who will act as an inspector of election at today's meeting. Ms. Niebling has signed the customary oath of office to execute her duties with strict impartiality. We will file this oath with the records of the meeting. I have been informed by the Inspector of Elections that a quorum is present.
Therefore, I hereby declare this meeting to be duly constituted for the transaction of business. We will now proceed with the formal business of this meeting. There are three proposals to be considered by the stockholders at this meeting.
The board of directors recommends that the stockholders vote for Proposals 1, 2, and 3. The first item of business is the election of Dave Gilboa, Youngme Moon, and Ronald Williams to serve as Class II Directors of the company for a term of office expiring at the annual meeting of stockholders to be held in 2029. The second item of business is the ratification of the audit committee's appointment of EY as the independent registered public accounting firm of the company for the year ending December 31st, 2026. The third item of business is the approval on an advisory, non-binding basis of the compensation of our named executive officers. That was the final proposal for today's meeting. If you wish to vote and you haven't already, please vote now by clicking on the voting button on the web portal and following the instructions.
You do not need to vote electronically if you have already sent in your signed proxy or if you have voted by telephone or internet. We will pause for approximately 30 seconds before closing the voting polls. The time is now 3:36 P.M. on June 8th, 2026, and the polls are now closed for voting. Thank you very much. I've received the preliminary report of the Inspector of Elections to be kept with the company's records of the annual meeting. Based on this preliminary report of the Inspector of Elections, Dave Gilboa, Youngme Moon, and Ronald Williams have been elected as Directors.
The appointment of EY as our independent registered public accounting firm for the year ending December 31st, 2026, has been ratified, and the compensation of our named executive officers has been approved on an advisory, non-binding basis. The final tally of the votes will be published within four business days in a current report on Form 8-K to be filed with the Securities and Exchange Commission. The formal portion of our meeting is now adjourned.
My Co-Founder and Co-CEO, Dave Gilboa, and I want to echo just how thankful we are for your participation today, how proud we are of Team Warby for their commitment to our customers and to our mission to provide vision for all, and how excited we are about Warby Parker's outlook in the years and decades to come. Before we shift over to Q&A, I'll pass it over to Dave for a brief business update.
Thanks, Neil, and thank you all for joining us today. 16 years ago, we set out to redefine how consumers shop for eyewear, making glasses more accessible, affordable, customer-centric, and fun. These core tenets continue to guide us as we scale Warby Parker and position the business for the future. 2025 was an eventful and important year for our company. We delivered double-digit revenue growth in every quarter, meaningfully expanded adjusted EBITDA, and achieved our first full year of positive net income as a public company, all while navigating tariffs and a dynamic consumer environment. We continued investing in innovation, expanding access, and enhancing the customer experience, actions that we believe position us well for long-term growth and market share gains. 2026 is already shaping up to be an exciting year for Warby Parker.
We continue to see significant runway across our core growth initiatives, from opening more stores, increasing insurance penetration, and accelerating eye exams, to deepening customer relationships across our omni-channel platform. At the same time, we're entering Warby Parker's next act, powered by AI-driven innovation. This fall, we plan to introduce our first line of Intelligent Eyewear in partnership with Google and Samsung, bringing advanced AI capabilities to glasses designed for all-day wear. This marks an important inflection point for the category and has the potential to fundamentally expand the role eyewear plays in people's everyday lives. As we look ahead, we're incredibly optimistic about the future, not only because of the momentum we see in AI and Intelligent Eyewear, but because Warby Parker is still in the early chapters of our growth story.
We continue to see significant opportunities to reshape the broader eyewear industry through innovation, accessibility, healthcare integration, and customer experience, just as we have since day one. From expanding access to vision care to reimagining the retail experience to helping define the next generation of eyewear and computing, we see tremendous runway for growth and impact in the years ahead. Thank you for your continued support and partnership as we build the future of eyewear together.
Our management team and I are now available to answer any questions. We will only answer questions that are within the parameters of the rules of conduct, and only stockholders who have logged in using their unique live meeting link are able to submit a question through the question area of the web portal. I will now pause for approximately 30 seconds. Chris, are there any questions that have been submitted?
No, there are no pertinent questions. Please proceed with your closing remarks.
With that, this concludes our annual meeting. I want to thank you for attending and for your support of Warby Parker. We look forward to speaking with you again soon.
This concludes today's meeting. We thank you for joining. You may now disconnect.