Rent the Runway
Rents designer apparel through subscriptions, short-term reservations, and resale.
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Profile
Generates recurring fees from monthly designer-apparel subscriptions, earns one-time rental fees through Reserve, and sells selected used inventory. Its centralized U.S. inventory and fulfillment network combine rental circulation, cleaning, repair, shipping, and resale.
Combines Subscription/Membership plans, Reserve short-term rentals, and Resale of selected pre-owned inventory in a single U.S. fashion-access platform. Monthly members rotate designer apparel and accessories, while Reserve customers book particular items for set dates; resale disposes of rental assets. Marketplace purchases, advertising/media, and outside cleaning are early-stage additions.
Runs a centrally managed wardrobe through leased fulfillment centers in New Jersey and Texas, where garments are received, inspected, cleaned, repaired, stored, and redistributed. Customer data, merchandising, and exclusive designs support selection and circulation, while retention, item availability, brand partners, shipping, payment providers, and the concentrated fulfillment network remain central operating dependencies. All revenue comes from the United States.
Company facts
Categories
Key statistics
Year to date −55.8% · Average volume (30d) 43.2K
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jun 3, 2026Q1 FY26 | — | −$0.57 | — | — | $89.9M | — | −7.01% |
| Apr 14, 2026Q4 FY25 | −$3.97 | −$0.04 | +99.0% | $76.6M | $91.7M | +19.7% | +0.96% |
| Dec 12, 2025Q3 FY25 | −$4.87 | $13.81 | +383.4% | $73.8M | $87.6M | +18.7% | +13.23% |
| Sep 11, 2025Q2 FY25 | −$4.10 | −$6.55 | −59.7% | $75.5M | $80.9M | +7.2% | −36.38% |
Financial highlights
| 12 quarters | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $76.4M | $69.6M | $80.9M | $87.6M | $91.7M | $89.9M | |
| Gross profit | $17.2M | $9.6M | $11.9M | $12.9M | $161.6M | $11.7M | |
| Operating income | −$7.7M | −$19.7M | −$20.1M | −$16.2M | −$1.5M | −$19.7M | |
| Net income | −$13.4M | −$26.1M | −$26.4M | $76.5M | −$1.4M | −$18.9M | |
| Diluted EPS | −$3.55 | −$6.58 | −$6.55 | $13.65 | −$0.04 | −$0.57 | |
| Gross margin | 22.5% | 13.8% | 14.7% | 14.7% | 176.2% | 13.0% | |
| Operating margin | -10.1% | -28.3% | -24.8% | -18.5% | -1.6% | -21.9% |
Fiscal years (4-quarter sums)FY21 $203.3M · FY22 $296.4M · FY23 $298.2M · FY24 $306.2M · FY25 $329.8M
Balance sheet, Apr 30, 2026Cash & short-term investments $37.1M · Total debt $197.1M · Total assets $212.7M · Shareholders' equity −$53.3M
Dividends
No dividends on record.
Ownership
Shares outstanding 33.59M · Float 24.03M · 71.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| CHS GP LP | 19.98M | 59.80% | 13D | May 13, 2026 |
| CHS US Investments LLC · 10 percent owner | 19.98M | 59.50% | Form 4 | Nov 7, 2025 |
| Gateway Runway, LLC | 4.27M | 12.80% | 13D | May 13, 2026 |
| S3 RR Aggregator, LLC | 4.27M | 12.80% | 13D | May 13, 2026 |
| Nexus Capital Management LP · director, 10 percent owner: | 4.27M | 12.73% | Form 4 | Nov 7, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 24, 2026 | Dhiren R. Fonseca | director | −34,516 | $2.99 |
| Sep 16, 2025 | Siddharth Thacker | officer: Chief Financial Officer | −1,948 | $4.89 |
| Sep 16, 2025 | Jennifer Hyman | director, officer: Chair, CEO & President | −6,128 | $4.89 |
| Sep 16, 2025 | Cara Schembri | officer: Chief Legal & Admin. Officer | −797 | $4.89 |
| Sep 16, 2025 | Sarah K. Tam | officer: Chief Merchant Officer | −863 | $4.89 |
Peers
- Urban Outfitters
Nuuly is the closest substitute in monthly apparel rental.
- Stitch Fix
Wardrobe discovery and spend overlap with buy-to-keep styling.
- Revolve
Designer occasionwear retail is an ownership alternative to Reserve.
- The RealReal (ADR)
Luxury resale overlaps in secondhand designer wardrobe purchases.
- ThredUp
Online resale contests the disposition and purchase of used apparel.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Rent the Runway | $3.57 | −0.28% | $120.6M | 0.6 | — | 0.3 | +29.2% |
| Urban Outfitters | $81.09 | −0.04% | $6.94B | 12.7 | 12.5 | 1.1 | +10.4% |
| Stitch Fix | $3.19 | +1.59% | $419.6M | — | — | 0.3 | +4.7% |
| Revolve | $23.11 | +0.83% | $1.63B | 22.7 | 24.0 | 1.2 | +12.4% |
| The RealReal (ADR) | $10.93 | +0.05% | $1.32B | — | 59.7 | 1.8 | +16.6% |
| ThredUp | $2.72 | +0.18% | $351.0M | — | — | 1.0 | +16.9% |
| Median | 17.7 | 24.0 | 1.1 | +12.4% |