Cash flow Rent the Runway, Inc.

Equities

RENT

US76010Y2028

Internet Services

Market Closed - Nasdaq Other stock markets 21:00:00 12/02/2026 GMT			5-day change	1st Jan Change
5.770 ^USD	-9.98%		-5.25%	-27.05%

12-12	Rent the Runway, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 31, 2025	CI
12-12	Rent the Runway, Inc., Q3 2026 Earnings Call, Dec 12, 2025

bd5b25ec08bf86d5e12026632.2PNv387MjOYUAGT6wkl4IkzzoXejK4GFPfVDzKfEn34.lccwtaG6wd5WaDGUiRgIWxu_mQKREs79VLBxm86IqRjosian_pPFlFtHMQ

Published financial data: RENT THE RUNWAY, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: January	2021	2022	2023	2024	2025
Revenues	136M	186M	269M	265M	266M
Other Revenues, Total	21.6M	17.5M	27.8M	33.3M	40.7M
Total Revenues	158M	203M	296M	298M	306M
Cost of Goods Sold, Total	53M	61.9M	92.2M	86M	82.8M
Gross Profit	104M	141M	204M	212M	223M
Selling General & Admin Expenses, Total	85.3M	131M	144M	130M	115M
R&D Expenses	37.7M	45.3M	55.4M	49.1M	35.7M
Depreciation & Amortization - (IS)	112M	87.2M	93.7M	102M	114M
Other Operating Expenses, Total	235M	263M	293M	282M	265M
Operating Income	-130M	-122M	-89M	-69.6M	-41.6M
Interest Expense, Total	-46.6M	-53M	-36.8M	-33.7M	-27M
Interest And Investment Income	-	-	-	-	2.8M
Net Interest Expenses	-46.6M	-53M	-36.8M	-33.7M	-24.2M
Other Non Operating Income (Expenses)	1.7M	-25M	1.5M	700K	2.1M
EBT, Excl. Unusual Items	-175M	-200M	-124M	-103M	-63.7M
Restructuring Charges	-	-	-7.7M	-3.1M	-200K
Asset Writedown	-	-3.9M	-6.9M	-4.9M	-5.7M
Insurance Settlements	5M	4M	-	-	-
Other Unusual Items	-600K	-12.2M	-	-2.4M	-
EBT, Incl. Unusual Items	-171M	-212M	-139M	-113M	-69.6M
Income Tax Expense	-	-300K	-200K	200K	300K
Earnings From Continuing Operations	-171M	-212M	-139M	-113M	-69.9M
Net Income to Company	-171M	-212M	-139M	-113M	-69.9M
Net Income - (IS)	-171M	-212M	-139M	-113M	-69.9M
Preferred Dividend and Other Adjustments	100K	-	-	-	-
Net Income to Common Incl Extra Items	-171M	-212M	-139M	-113M	-69.9M
Net Income to Common Excl. Extra Items	-171M	-212M	-139M	-113M	-69.9M
Per Share Items
Net EPS - Basic	-307.21	-170.3	-43.17	-33.12	-18.51
Basic EPS - Continuing Operations	-307.21	-170.3	-43.17	-33.12	-18.51
Basic Weighted Average Shares Outstanding	557K	1.24M	3.21M	3.42M	3.78M
Net EPS - Diluted	-307.21	-170.3	-43.17	-33.12	-18.51
Diluted EPS - Continuing Operations	-307.21	-170.3	-43.17	-33.12	-18.51
Diluted Weighted Average Shares Outstanding	557K	1.24M	3.21M	3.42M	3.78M
Normalized Basic EPS	-196.83	-100.51	-24.18	-18.76	-10.54
Normalized Diluted EPS	-196.83	-100.51	-24.18	-18.76	-10.54
Supplemental Items
EBITDA	-56.2M	-61.6M	-30.1M	-13.6M	14.9M
EBITA	-130M	-122M	-89M	-69.6M	-41.6M
EBIT	-130M	-122M	-89M	-69.6M	-41.6M
EBITDAR	-22.7M	-29.9M	8.7M	27.6M	63.9M
Total Revenues (As Reported)	158M	203M	296M	298M	306M
Effective Tax Rate - (Ratio)	-	0.14	0.14	-0.18	-0.43
Current Domestic Taxes	-	-	-	-	100K
Current Foreign Taxes	-	-	-	200K	200K
Total Current Taxes	-	-	-	200K	300K
Deferred Foreign Taxes	-	-300K	-200K	-	-
Total Deferred Taxes	-	-300K	-200K	-	-
Normalized Net Income	-110M	-125M	-77.69M	-64.12M	-39.81M
Supplemental Operating Expense Items
Advertising Expense	-	20.6M	30.7M	28.5M	25.4M
Marketing Expenses	7.7M	4.9M	3.9M	2.5M	2.7M
Selling and Marketing Expenses	8.1M	26.5M	35.1M	31.2M	28.2M
General and Administrative Expenses	77.2M	104M	109M	99.2M	86.8M
Research And Development Expense From Footnotes	37.7M	45.3M	55.4M	49.1M	35.7M
Net Rental Expense, Total	33.5M	31.7M	38.8M	41.2M	49M
Imputed Operating Lease Interest Expense	36.93M	36.76M	36.11M	33.02M	28.68M
Imputed Operating Lease Depreciation	-3.43M	-5.06M	2.69M	8.18M	20.32M
Stock-Based Comp., R&D Exp. (Total)	2M	4.2M	5.9M	5.5M	1.9M
Stock-Based Comp., S&M Exp. (Total)	400K	1M	500K	200K	100K
Stock-Based Comp., G&A Exp. (Total)	5.8M	21.4M	19M	20.5M	7.7M
Total Stock-Based Compensation	8.2M	26.6M	25.4M	26.2M	9.7M

Fiscal Period: January	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	95.3M	248M	154M	84M	77.4M
Total Cash And Short Term Investments	95.3M	248M	154M	84M	77.4M
Accounts Receivable, Total	-	-	4M	1.3M	-
Total Receivables	-	-	4M	1.3M	-
Prepaid Expenses	4.7M	11.7M	10.5M	11.7M	11.8M
Restricted Cash	3.4M	5.4M	3.1M	5.2M	4.7M
Total Current Assets	103M	265M	172M	102M	93.9M
Gross Property Plant And Equipment	151M	152M	140M	149M	148M
Accumulated Depreciation	-51.5M	-63.3M	-69.1M	-79.6M	-87.7M
Net Property Plant And Equipment	99.6M	88.7M	71.4M	69.6M	60.4M
Other Intangibles, Total	7.8M	6.4M	4.1M	3.4M	2.4M
Deferred Tax Assets Long-Term	200K	300K	600K	-	-
Other Long-Term Assets, Total	110M	87.4M	88M	103M	83.3M
Total Assets	321M	448M	336M	278M	240M
Liabilities
Accounts Payable, Total	7.2M	15.9M	12.4M	5.8M	6.2M
Accrued Expenses, Total	8M	18.8M	17.9M	13.4M	11M
Short-term Borrowings	-	3.5M	-	1.2M	1.4M
Current Portion of Long-Term Debt	900K	-	-	-	-
Current Portion of Leases	6.9M	6M	5M	4M	5M
Unearned Revenue Current, Total	6.3M	11M	12.6M	11.4M	10.9M
Other Current Liabilities	11.3M	13.6M	12.1M	12.3M	12.9M
Total Current Liabilities	40.6M	68.8M	60M	48.1M	47.4M
Long-Term Debt	355M	261M	272M	307M	334M
Long-Term Leases	51.6M	46.7M	38.8M	45.7M	41.3M
Other Non Current Liabilities	12M	100K	200K	300K	100K
Total Liabilities	459M	376M	372M	401M	422M
Preferred Stock Redeemable	388M	-	-	-	-
Total Preferred Equity	388M	-	-	-	-
Common Stock, Total	-	100K	100K	-	-
Additional Paid In Capital	62.7M	872M	904M	931M	940M
Retained Earnings	-589M	-801M	-940M	-1.05B	-1.12B
Total Common Equity	-527M	71.1M	-35.3M	-122M	-182M
Total Equity	-139M	71.1M	-35.3M	-122M	-182M
Total Liabilities And Equity	321M	448M	336M	278M	240M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	10.46M	3.2M	3.32M	3.67M	3.98M
ECS Total Common Shares Outstanding	10.46M	3.15M	3.25M	3.55M	3.92M
Book Value / Share	-50.37	22.56	-10.86	-34.49	-46.59
Tangible Book Value	-534M	64.7M	-39.4M	-126M	-185M
Tangible Book Value Per Share	-51.12	20.53	-12.12	-35.45	-47.21
Total Debt	414M	317M	316M	358M	381M
Net Debt	319M	69.4M	162M	274M	304M
Debt Equivalent Oper. Leases	268M	254M	310M	330M	392M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	54.9M	57.7M	54.3M	55.3M	55.3M
Full Time Employees	806	958	880	938	912
Part Time Employees	15	138	135	166	141

Fiscal Period: January	2021	2022	2023	2024	2025
Net Income	-171M	-212M	-139M	-113M	-69.9M
Depreciation & Amortization - CF	74.3M	60.4M	58.9M	56M	56.5M
Depreciation & Amortization, Total	74.3M	60.4M	58.9M	56M	56.5M
Amortization of Deferred Charges, Total - (CF)	10.7M	10.6M	8M	14.4M	29.2M
(Gain) Loss From Sale Of Asset	14.9M	4.1M	4M	12.1M	19.7M
Asset Writedown & Restructuring Costs	-	-	4.9M	1M	-
Stock-Based Compensation (CF)	8.2M	26.6M	25.4M	26.2M	9.7M
Other Operating Activities, Total	19.1M	56.7M	-3M	-500K	-27.8M
Change In Accounts Payable	-4.5M	18.4M	-3.9M	-8.4M	-2M
Change in Unearned Revenues	-7.3M	4.7M	1.5M	-1.6M	-1M
Change in Other Net Operating Assets	12.8M	-12M	-4.8M	-1.7M	-1.5M
Cash from Operations	-42.8M	-42.3M	-47.7M	-15.7M	12.9M
Capital Expenditure	-78.7M	-41.1M	-71M	-82.5M	-53.6M
Sale of Property, Plant, and Equipment	20.3M	18.6M	26.7M	27.9M	33.5M
Cash from Investing	-58.4M	-22.5M	-44.3M	-54.6M	-20.1M
Short Term Debt Issued, Total	-	5M	-	1.6M	2M
Long-Term Debt Issued, Total	170M	-	-	-	-
Total Debt Issued	170M	5M	-	1.6M	2M
Long-Term Debt Repaid, Total	-59.1M	-135M	-	-	-
Total Debt Repaid	-59.1M	-135M	-	-	-
Issuance of Common Stock	500K	331M	-	-	-
Issuance of Preferred Stock	60.4M	21.2M	-	-	-
Other Financing Activities, Total	-3.3M	-6.6M	-4M	-900K	-2.3M
Cash from Financing	168M	215M	-4M	700K	-300K
Net Change in Cash	67.3M	150M	-96M	-69.6M	-7.5M
Supplemental Items
Cash Interest Paid	-	10.3M	19.9M	9.8M	100K
Levered Free Cash Flow	-103M	-35.58M	-62.52M	-63.76M	-1.88M
Unlevered Free Cash Flow	-78.46M	-8.35M	-43.82M	-54.4M	-12M
Change In Net Working Capital	6.4M	-17.3M	5.2M	13.3M	800K
Net Debt Issued / Repaid	111M	-130M	-	1.6M	2M

Fiscal Period: January	2021	2022	2023	2024	2025
Profitability
Return on Assets	-27.34	-19.85	-14.2	-14.15	-10.03
Return on Total Capital	-32.37	-22.98	-16.64	-16.89	-12
Return On Equity %	198.38	627.56	-774.86	143.65	45.87
Return on Common Equity	38.41	92.98	-774.86	143.65	45.87
Margin Analysis
Gross Profit Margin %	66.35	69.55	68.89	71.16	72.96
SG&A Margin	54.16	64.39	48.62	43.73	37.56
EBITDA Margin %	-35.68	-30.3	-10.16	-4.56	4.87
EBITA Margin %	-82.86	-60.01	-30.03	-23.34	-13.59
EBIT Margin %	-82.86	-60.01	-30.03	-23.34	-13.59
Income From Continuing Operations Margin %	-108.57	-104.18	-46.79	-37.96	-22.83
Net Income Margin %	-108.57	-104.18	-46.79	-37.96	-22.83
Net Avail. For Common Margin %	-108.63	-104.18	-46.79	-37.96	-22.83
Normalized Net Income Margin	-69.6	-61.49	-26.21	-21.5	-13
Levered Free Cash Flow Margin	-65.13	-17.5	-21.09	-21.38	-0.61
Unlevered Free Cash Flow Margin	-49.82	-4.11	-14.79	-18.24	-3.92
Asset Turnover
Asset Turnover	0.53	0.53	0.76	0.97	1.18
Fixed Assets Turnover	1.58	2.16	3.7	4.23	4.71
Receivables Turnover (Average Receivables)	-	-	105.33	99.96	-
Short Term Liquidity
Current Ratio	2.55	3.85	2.87	2.12	1.98
Quick Ratio	2.35	3.6	2.64	1.77	1.63
Operating Cash Flow to Current Liabilities	-1.05	-0.61	-0.8	-0.33	0.27
Days Sales Outstanding (Average Receivables)	-	-	3.46	3.65	-
Average Days Payable Outstanding	68.71	68.11	56.02	38.62	26.52
Long Term Solvency
Total Debt/Equity	-299.06	445.85	-896.03	-292.4	-208.99
Total Debt / Total Capital	150.24	81.68	112.56	151.98	191.75
LT Debt/Equity	-293.43	432.49	-881.87	-288.14	-205.48
Long-Term Debt / Total Capital	147.41	79.23	110.78	149.77	188.54
Total Liabilities / Total Assets	143.22	84.11	110.5	143.91	176.04
EBIT / Interest Expense	-2.8	-2.3	-2.42	-2.07	-1.54
EBITDA / Interest Expense	-0.49	-0.56	0.24	0.82	2.37
(EBITDA - Capex) / Interest Expense	-2.18	-1.34	-1.69	-1.63	0.38
Total Debt / EBITDA	-18.26	-10.6	36.36	12.96	5.97
Net Debt / EBITDA	-14.06	-2.32	18.6	9.91	4.76
Total Debt / (EBITDA - Capex)	-4.09	-4.46	-5.08	-6.51	37.03
Net Debt / (EBITDA - Capex)	-3.15	-0.98	-2.6	-4.98	29.51
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-38.69	29.08	45.79	0.61	2.68
Gross Profit, 1 Yr. Growth %	-24.71	35.31	44.41	3.92	5.28
EBITDA, 1 Yr. Growth %	8.29	27.01	-51.14	-54.82	-209.56
EBITA, 1 Yr. Growth %	0.38	-0.65	-27.05	-21.8	-40.23
EBIT, 1 Yr. Growth %	0.38	-0.65	-27.05	-21.8	-40.23
Earnings From Cont. Operations, 1 Yr. Growth %	11.11	23.79	-34.51	-18.39	-38.25
Net Income, 1 Yr. Growth %	11.11	23.79	-34.51	-18.39	-38.25
Normalized Net Income, 1 Yr. Growth %	13.82	19.19	-37.85	-17.46	-37.91
Diluted EPS Before Extra, 1 Yr. Growth %	9.44	-44.57	-74.65	-23.29	-44.11
Accounts Receivable, 1 Yr. Growth %	-	-	263.64	-67.5	-
Net Property, Plant and Equip., 1 Yr. Growth %	-0.3	-10.94	-19.5	-2.52	-13.22
Total Assets, 1 Yr. Growth %	16.24	39.54	-24.87	-17.16	-13.82
Tangible Book Value, 1 Yr. Growth %	43.18	-112.1	-160.9	219.04	47.1
Common Equity, 1 Yr. Growth %	44.58	-113.5	-149.65	246.46	49.22
Cash From Operations, 1 Yr. Growth %	13.83	-1.17	12.77	-67.09	-182.17
Capital Expenditures, 1 Yr. Growth %	-51.27	-47.78	72.75	16.2	-35.03
Levered Free Cash Flow, 1 Yr. Growth %	-	-63.54	77.75	2.97	-97.03
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-88.63	451.26	25.85	-77.7
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-11.04	37.18	21.11	1.64
Gross Profit, 2 Yr. CAGR %	-	0.93	39.79	22.5	4.6
EBITDA, 2 Yr. CAGR %	-	28.86	-21.22	-53.01	-29.64
EBITA, 2 Yr. CAGR %	-	2.91	-14.87	-24.47	-31.63
EBIT, 2 Yr. CAGR %	-	2.91	-14.87	-24.47	-31.63
Earnings From Cont. Operations, 2 Yr. CAGR %	-	17.31	-9.96	-26.89	-29.01
Net Income, 2 Yr. CAGR %	-	17.31	-9.96	-26.89	-29.01
Normalized Net Income, 2 Yr. CAGR %	-	19.82	-12.62	-27.65	-28.41
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-22.12	-62.51	-55.9	-34.52
Accounts Receivable, 2 Yr. CAGR %	-	-	-	8.71	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-5.77	-15.33	-11.42	-8.03
Total Assets, 2 Yr. CAGR %	-	27.36	2.39	-21.11	-15.51
Tangible Book Value, 2 Yr. CAGR %	-	-58.37	-72.85	39.38	116.63
Common Equity, 2 Yr. CAGR %	-	-55.82	-74.11	31.15	127.38
Cash From Operations, 2 Yr. CAGR %	-	6.07	5.57	-39.08	-48
Capital Expenditures, 2 Yr. CAGR %	-	-49.55	-5.02	41.68	-13.11
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-19.95	34.64	-82.6
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-22.76	161.59	-47.31
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	4.88	23.71	14.63
Gross Profit, 3 Yr. CAGR %	-	-	13.73	26.63	16.47
EBITDA, 3 Yr. CAGR %	-	-	-6.73	-34.55	-37.69
EBITA, 3 Yr. CAGR %	-	-	-8.24	-17.24	-30.14
EBIT, 3 Yr. CAGR %	-	-	-8.24	-17.24	-30.14
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-3.41	-12.86	-30.89
Net Income, 3 Yr. CAGR %	-	-	-3.41	-12.86	-30.89
Normalized Net Income, 3 Yr. CAGR %	-	-	-3.73	-14.26	-31.25
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-46.43	-52.41	-52.28
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-10.59	-11.26	-12.02
Total Assets, 3 Yr. CAGR %	-	-	6.81	-4.59	-18.75
Tangible Book Value, 3 Yr. CAGR %	-	-	-52.74	-38.27	41.91
Common Equity, 3 Yr. CAGR %	-	-	-54.07	-38.54	36.92
Cash From Operations, 3 Yr. CAGR %	-	-	8.25	-28.42	-32.69
Capital Expenditures, 3 Yr. CAGR %	-	-	-23.96	1.58	9.25
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-13.22	-62.37
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-9.52	14.71
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	3.57
Gross Profit, 5 Yr. CAGR %	-	-	-	-	9.99
EBITDA, 5 Yr. CAGR %	-	-	-	-	-16.68
EBITA, 5 Yr. CAGR %	-	-	-	-	-18.43
EBIT, 5 Yr. CAGR %	-	-	-	-	-18.43
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	-14.6
Net Income, 5 Yr. CAGR %	-	-	-	-	-14.6
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	-14.49
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	-41.95
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	-9.57
Total Assets, 5 Yr. CAGR %	-	-	-	-	-2.75
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	-13.11
Common Equity, 5 Yr. CAGR %	-	-	-	-	-12.91
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	-19.26
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	-19.8