RENT

MKT CAP:$22M

Rent the Runway, Inc.

Market Cap

$22M

Consumer Cyclical·Apparel - Retail·🇺🇸 United States·NASDAQ

Consumer Cyc.·Apparel - Retail·🇺🇸·NASDAQ

Stock Price

$4.91-$3.19 (-39.38%)

Apr 22, 2026

Company Details

Rent the Runway, Inc. rents designer wear for women through its stores and online retail. The company offers ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear, ski wea...

CEO

Siddharth Thacker

IPO Date

Oct 27, 2021

Website

www.renttherunway.com

Key Metrics TTM

Revenue

$330M

+7.7% YoY

Net Income

$23M

EPS (Diluted)

$0.48

Free Cash Flow

-$47M

Revenue / Share

$27.49

Gross Margin

59.4%

Operating Margin

-17.4%

Net Margin

6.9%

FCF Margin

-14.1%

P/S

0.1x

P/E

1.0x

Earnings Reports

FY 2025

Apr 14, 2026

NEW

$330M+7.7%EPS $1.88

Q4 2025

Apr 14, 2026

NEW

$92M+20.0%EPS -$0.04

Q3 2025

Dec 12, 2025

$88M+15.4%EPS $13.65

Q2 2025

Sep 12, 2025

$81M+2.5%EPS -$6.55

Q1 2025

Jun 6, 2025

$70M-7.2%EPS -$6.58

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$67M	$5M	-$33M
Q2 22	$77M	$13M	-$26M
Q3 22	$77M	$14M	-$21M
Q4 22	$75M	$17M	-$16M
Q1 23	$74M	$15M	-$21M
Q2 23	$76M	$17M	-$18M
Q3 23	$73M	$10M	-$22M
Q4 23	$76M	$15M	-$16M
Q1 24	$75M	$16M	-$16M
Q2 24	$79M	$20M	-$10M
Q3 24	$76M	$15M	-$14M
Q4 24	$76M	$17M	-$8M
Q1 25	$70M	$10M	-$20M
Q2 25	$81M	$12M	-$20M
Q3 25	$88M	$13M	-$16M
Q4 25	$92M	$162M	-$2M

Valuation

Quarter	P/S	P/E
Q1 22	1.7x	—
Q2 22	1.1x	—
Q3 22	0.4x	—
Q4 22	0.9x	—
Q1 23	0.6x	—
Q2 23	0.4x	—
Q3 23	0.1x	—
Q4 23	0.1x	—
Q1 24	0.1x	—
Q2 24	0.2x	—
Q3 24	0.1x	—
Q4 24	0.1x	—
Q1 25	0.1x	—
Q2 25	0.1x	—
Q3 25	0.1x	1.5x
Q4 25	0.1x	1.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$17M	-$33M
Q2 22	-$16M	-$32M
Q3 22	-$6M	-$26M
Q4 22	-$8M	-$27M
Q1 23	-$3M	-$19M
Q2 23	-$800.0K	-$24M
Q3 23	-$4M	-$25M
Q4 23	-$8M	-$31M
Q1 24	$5M	-$9M
Q2 24	$2M	-$12M
Q3 24	$5M	-$11M
Q4 24	$1M	-$8M
Q1 25	$8M	-$12M
Q2 25	-$11M	$8M
Q3 25	-$1M	-$2M
Q4 25	$7M	-$40M

Capital Expenditures

Quarter	CapEx
Q1 22	$15M
Q2 22	$17M
Q3 22	$20M
Q4 22	$19M
Q1 23	$16M
Q2 23	$23M
Q3 23	$21M
Q4 23	$23M
Q1 24	$14M
Q2 24	$15M
Q3 24	$16M
Q4 24	$9M
Q1 25	$21M
Q2 25	$18M
Q3 25	$800.0K
Q4 25	$47M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+100.3%	+62.3%
Q2 22	+63.8%	+45.4%
Q3 22	+31.2%	-3.6%
Q4 22	+17.6%	-2.9%
Q1 23	+10.6%	-4.8%
Q2 23	-1.0%	-8.7%
Q3 23	-6.3%	-4.3%
Q4 23	+0.5%	+0.8%
Q1 24	+1.1%	-4.4%
Q2 24	+4.2%	-5.0%
Q3 24	+4.7%	-5.1%
Q4 24	+0.8%	-8.6%
Q1 25	-7.2%	-2.2%
Q2 25	+2.5%	+14.1%
Q3 25	+15.4%	+15.8%
Q4 25	+20.0%	+10.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$6M	8.2%
Q2 22	$7M	9.0%
Q3 22	$7M	8.5%
Q4 22	$6M	8.5%
Q1 23	$9M	11.9%
Q2 23	$7M	9.8%
Q3 23	$5M	6.8%
Q4 23	$5M	6.7%
Q1 24	$3M	4.0%
Q2 24	$2M	3.0%
Q3 24	$2M	2.9%
Q4 24	$2M	2.7%
Q1 25	$2M	2.2%
Q2 25	$1M	1.7%
Q3 25	$900.0K	1.0%
Q4 25	$400.0K	0.4%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q1 22	—	—	$38M
Q2 22	—	—	$39M
Q3 22	—	—	$35M
Q4 22	—	—	$33M
Q1 23	—	—	$36M
Q2 23	—	—	$34M
Q3 23	—	—	$32M
Q4 23	—	—	$31M
Q1 24	—	—	$32M
Q2 24	—	—	$30M
Q3 24	—	—	$28M
Q4 24	—	—	$25M
Q1 25	—	—	$29M
Q2 25	—	—	$32M
Q3 25	$23M	$6M	—
Q4 25	$21M	$5M	—

Revenue Segments

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$219M	$0	$219M
Q2 22	$192M	$0	$192M
Q3 22	$180M	$0	$180M
Q4 22	$155M	$0	$155M
Q1 23	$141M	$0	$141M
Q2 23	$124M	$0	$124M
Q3 23	$106M	$0	$106M
Q4 23	$84M	$0	$84M
Q1 24	$87M	$0	$87M
Q2 24	$77M	$0	$77M
Q3 24	$74M	$0	$74M
Q4 24	$77M	$0	$77M
Q1 25	$70M	$0	$70M
Q2 25	$44M	$0	$44M
Q3 25	$51M	$0	$51M
Q4 25	$50M	$0	$50M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	3M	+0.6%	-3.0%
Q2 22	3M	+1.0%	-2.1%
Q3 22	3M	+0.7%	+2.4%
Q4 22	3M	+0.7%	+3.1%
Q1 23	3M	+1.4%	+3.8%
Q2 23	3M	+2.6%	+5.5%
Q3 23	3M	+2.5%	+7.4%
Q4 23	4M	+1.9%	+8.7%
Q1 24	4M	+3.3%	+10.7%
Q2 24	4M	+2.5%	+10.5%
Q3 24	4M	+2.3%	+10.4%
Q4 24	4M	+1.9%	+10.4%
Q1 25	4M	+1.8%	+8.8%
Q2 25	4M	+1.7%	+7.9%
Q3 25	4M	0.0%	+5.5%
Q4 25	12M	+197.4%	+207.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$70.0K	958
Q2 22	$79.9K	958
Q3 22	$80.8K	958
Q4 22	$85.7K	880
Q1 23	$84.3K	880
Q2 23	$86.0K	880
Q3 23	$82.4K	880
Q4 23	$80.8K	938
Q1 24	$80.0K	938
Q2 24	$84.1K	938
Q3 24	$80.9K	938
Q4 24	$83.8K	912
Q1 25	$76.3K	912
Q2 25	$88.7K	912
Q3 25	$96.1K	912
Q4 25	$97.3K	942

Revenue / Employee