Rent the Runway, Inc.
4.0000-0.05 (-1.23%)
Oct 30, 10:18:46 AM EDT · NasdaqGM · RENT · USD
Key Stats
Market Cap
28.73MP/E (TTM)
-Basic EPS (TTM)
-19.25Dividend Yield
0%Recent Filings
8-K
Stockholders approve incentive plan expansion
Rent the Runway's stockholders overwhelmingly approved amendments to the 2021 Incentive Award Plan at the October 21, 2025 special meeting, boosting reserved Class A shares by 18.3% of outstanding stock post-closing of the August 20 Exchange Agreement with CHS US Investments and extending the plan's expiration to the tenth anniversary of that closing. This bolsters the company's equity incentive pool amid a debt-to-equity conversion and rights offering backstop, both greenlit with near-unanimous support exceeding 99% votes for. Stockholders also ratified the certificate of incorporation update. Yet dilution looms for existing holders.
8-K
Rights offering launches
Rent the Runway launched its $12,500,000 rights offering on October 7, 2025, distributing one right per share of Class A or B common stock to holders as of October 6, allowing purchases of 0.7437 Class A shares at $4.08 each, with no fractional shares issued. This move bolsters liquidity amid ongoing operations. Details appear in the September 30 prospectus. Rights expire soon.
8-K
Rights offering announced
Rent the Runway announced a $12.5 million rights offering on September 24, 2025, setting an October 6 record date to distribute transferable rights to shareholders for buying up to 3,063,725 Class A shares at $4.08 each. This move bolsters liquidity amid ongoing operations. Details await the prospectus supplement. Shareholders face dilution if they skip subscribing.
10-Q
Q2 FY2025 results
Rent the Runway, Inc. reported Q2 FY2025 results with revenue of $80.9M, up 2.5% YoY but down 2.2% QoQ. Net loss widened to $26.4M from $15.6M YoY due to higher revenue share costs and fulfillment expenses. Adjusted EBITDA fell to $3.6M from $13.7M YoY. Cash and equivalents dropped to $43.6M from $77.4M YoY, with $30.7M used in investing for inventory. Active subscribers grew 13.4% YoY to 146K. The company faces liquidity risks with $343.9M debt maturing October 2026. A recapitalization plan proposes converting most debt to equity, reducing debt to $120M, pending stockholder approval. Material weaknesses persist in internal controls over financial reporting.
8-K
Q2 results and debt cut
Rent the Runway announced Q2 2025 results with revenue up 2.5% to $80.9 million, yet gross margin plunged to 30.0% from 41.1% amid higher costs, while ending active subscribers surged 13.4% to 146,373. A recapitalization plan slashes debt from $340 million to $120 million, extends maturity to 2029, and adds $20 million cash, expected by year-end. This bolsters the balance sheet for growth. Risks include economic unknowns and tariff impacts.
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