Rent The Runway, Inc. (RENT) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q1 FY2027, filed Jun 3, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the RENT SEC filings page.
Rent The Runway, Inc. (RENT) reported $350.1M in revenue over the twelve months to Apr 30, 2026, up 16.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Gross-margin resilience has not translated into operating profitability, while accounting earnings remain weakly converted into cash.
In FY2025, positive net income of$22.6M arrived alongside only$3.5M of operating cash flow, showing that reported profit was not primarily supported by cash operations. Compared with FY2024, when operating cash flow was$12.9M despite net income of-$69.9M , the reversal points to earnings being shaped by non-operating or non-cash items rather than a clean improvement in cash generation.
Gross margin rose from
Long-term debt fell from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Rent The Runway, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Rent The Runway, Inc. has an operating margin of -17.4%, meaning the company loses $17 on every $100 of revenue. This results in a profitability score of 23/100. This is down from -15.5% the prior year.
Rent The Runway, Inc.'s revenue grew 7.7% year-over-year to $329.8M, a solid pace of expansion. This earns a growth score of 51/100.
Rent The Runway, Inc.'s current ratio of 1.06 is below the typical benchmark, resulting in a score of 21/100. However, the company holds substantial cash reserves (80% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
Not available for Rent The Runway, Inc., and counted as zero in the overall score.
Rent The Runway, Inc. scores -6.01, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($131.3M) relative to total liabilities ($257.1M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Rent The Runway, Inc. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Rent The Runway, Inc. generates $0.15 in operating cash flow ($3.5M OCF vs $22.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Rent The Runway, Inc. generated $89.9M in revenue in Q1 2027. This represents an increase of 29.2% from the same quarter a year earlier. Against the prior quarter it is down 2.0%.
Rent The Runway, Inc. reported -$18.9M in net income in Q1 2027. This represents an increase of 27.6% from the same quarter a year earlier. Against the prior quarter it is down 1250.0%.
Not reported for Q1 2027.
Cash & Balance Sheet
Rent The Runway, Inc. held $37.1M in cash against $157.1M in long-term debt as of Q1 2027.
Not reported for Q1 2027.
Not reported for Q1 2027.
Margins & Returns
Rent The Runway, Inc.'s gross margin was 73.8% in Q1 2027, indicating the percentage of revenue retained after direct costs. This is up 3.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.7 percentage points.
Rent The Runway, Inc.'s operating margin was -21.9% in Q1 2027, reflecting core business profitability. This is up 6.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 20.3 percentage points.
Rent The Runway, Inc.'s net profit margin was -21.0% in Q1 2027, showing the share of revenue converted to profit. This is up 16.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 19.5 percentage points.
Not reported for Q1 2027.
Capital Allocation
None of these metrics is reported for Q1 2027.
RENT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $89.9M+29.2% | $91.7M+20.0% | $87.6M+15.4% | $80.9M+2.5% | $69.6M-7.2% | $76.4M+0.8% | $75.9M+4.7% | $78.9M+4.2% |
| Cost of Revenue | $23.6M+15.7% | $21.6M+6.9% | $24.0M+12.1% | $22.5M+9.2% | $20.4M-1.0% | $20.2M+0.5% | $21.4M-0.5% | $20.6M-8.4% |
| Gross Profit | $66.3M+34.8% | $70.1M+24.7% | $63.6M+16.7% | $58.4M+0.2% | $49.2M-9.6% | $56.2M+0.9% | $54.5M+6.9% | $58.3M+9.6% |
| SG&A Expenses | $23.4M+13.0% | $20.8M+1.0% | $22.7M+7.1% | $24.6M+10.8% | $20.7M-9.2% | $20.6M-16.9% | $21.2M-13.1% | $22.2M-14.3% |
| Operating Income | -$19.7M0.0% | -$1.5M+80.5% | -$16.2M-18.2% | -$20.1M-109.4% | -$19.7M-19.4% | -$7.7M+60.1% | -$13.7M+37.4% | -$9.6M+45.1% |
| Interest Expense | N/A | N/A | N/A | N/A | -$6.3M-12.5% | N/A | N/A | N/A |
| Income Tax | $0-100.0% | -$100K-150.0% | $0 | $0-100.0% | $200K | $200K-60.0% | $0+100.0% | $100K+200.0% |
| Net Income | -$18.9M+27.6% | -$1.4M+89.6% | $76.5M+504.8% | -$26.4M-69.2% | -$26.1M-18.6% | -$13.4M+46.0% | -$18.9M+40.0% | -$15.6M+41.8% |
| EPS (Basic) | -$0.57+90.9% | -$3.25-0.6% | $13.69+391.3% | -$6.55-57.1% | -$6.26-3.8% | -$3.23+89.8% | -$4.70+48.3% | -$4.17+47.4% |
| EPS (Diluted) | -$0.57 | -$3.22 | $13.65+390.4% | -$6.55-57.1% | -$6.26-3.8% | -$3.23 | -$4.70+48.3% | -$4.17+47.4% |
| Diluted Shares (Avg) | 33M | N/A | 6M+39.5% | 4M+7.9% | 4M+14.3% | N/A | 4M+15.9% | 4M+10.5% |
Not reported in any period shown, so not listed: R&D Expenses, EBITDA.
RENT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $212.7M-13.3% | $221.0M-7.9% | $231.0M-8.2% | $219.0M-14.9% | $245.3M-11.9% | $240.0M-13.8% | $251.6M-18.9% | $257.4M-15.4% |
| Current Assets | $54.7M-37.2% | $66.7M-29.0% | $66.7M-24.5% | $63.3M-31.6% | $87.1M-12.3% | $93.9M-8.1% | $88.3M-27.2% | $92.6M-32.7% |
| Cash & Equivalents | $37.1M-47.3% | $50.4M-34.9% | $50.7M-31.6% | $43.6M-43.1% | $70.4M-14.1% | $77.4M-7.9% | $74.1M-30.0% | $76.6M-38.1% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $266.0M-41.2% | $257.1M-39.1% | $266.1M-37.1% | $451.1M+9.5% | $452.4M+7.8% | $422.5M+5.4% | $422.8M+2.4% | $411.9M+8.3% |
| Current Liabilities | $72.8M+2.1% | $63.2M+33.3% | $68.6M+28.2% | $68.3M+41.4% | $71.3M+15.7% | $47.4M-1.5% | $53.5M-18.3% | $48.3M-9.2% |
| Non-Current Liabilities | $193.2M-49.3% | $193.9M-48.3% | $197.5M-46.5% | $382.8M+5.3% | $381.1M+6.4% | $375.1M+6.4% | $369.3M+6.3% | $363.6M+11.1% |
| Long-Term Debt | $157.1M-53.9% | $156.6M-53.1% | $159.1M-51.3% | $343.9M+7.5% | $340.6M+8.8% | $333.7M+8.8% | $326.7M+8.8% | $319.8M+10.0% |
| Total Equity | -$53.3M+74.3% | -$36.1M+80.2% | -$35.1M+79.5% | -$232.1M-50.2% | -$207.1M-46.6% | -$182.5M-49.2% | -$171.2M-66.9% | -$154.5M-103.3% |
| Retained Earnings | -$1.1B+2.6% | -$1.1B+2.0% | -$1.1B+1.0% | -$1.2B-7.8% | -$1.1B-6.9% | -$1.1B-6.6% | -$1.1B-7.9% | -$1.1B-9.4% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill.
RENT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.8M-145.8% | $7.1M+407.1% | -$1.4M-129.8% | -$10.5M-577.3% | $8.3M+80.4% | $1.4M+117.5% | $4.7M+230.6% | $2.2M+375.0% |
| Stock-Based Compensation | $1.5M0.0% | N/A | $900K-59.1% | $1.4M-41.7% | $1.5M-50.0% | N/A | $2.2M-55.1% | $2.4M-67.6% |
| Investing Cash Flow | -$9.8M+33.3% | -$6.6M-1042.9% | -$12.2M-50.6% | -$16.0M-138.8% | -$14.7M-145.0% | $700K+104.7% | -$8.1M+42.6% | -$6.7M+59.9% |
| Financing Cash Flow | -$200K+71.4% | -$800K-161.5% | $20.8M+20900.0% | -$700K+22.2% | -$700K-16.7% | $1.3M+18.2% | -$100K0.0% | -$900K-350.0% |
Not reported in any period shown, so not listed: Depreciation & Amortization, Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
RENT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.8%+3.1pp | 76.4%+2.9pp | 72.6%+0.8pp | 72.2%-1.7pp | 70.7%-1.8pp | 73.6%+0.1pp | 71.8%+1.5pp | 73.9%+3.6pp |
| Operating Margin | -21.9%+6.4pp | -1.6%+8.4pp | -18.5%-0.4pp | -24.9%-12.7pp | -28.3%-6.3pp | -10.1%+15.4pp | -18.1%+12.2pp | -12.2%+10.9pp |
| Net Margin | -21.0%+16.5pp | -1.5%+16.0pp | 87.3%+112.2pp | -32.6%-12.9pp | -37.5%-8.2pp | -17.5%+15.2pp | -24.9%+18.6pp | -19.8%+15.6pp |
| Return on Assets | -8.9%+1.7pp | -0.6%+5.0pp | 33.1%+40.6pp | -12.0%-6.0pp | -10.6%-2.7pp | -5.6%+3.3pp | -7.5%+2.6pp | -6.1%+2.7pp |
| Current Ratio | 0.75-0.5x | 1.06-0.9x | 0.97-0.7x | 0.93-1.0x | 1.22-0.4x | 1.98-0.1x | 1.65-0.2x | 1.92-0.7x |
| Asset Turnover | 0.42+0.1x | 0.41+0.1x | 0.38+0.1x | 0.37+0.1x | 0.280.0x | 0.320.0x | 0.30+0.1x | 0.31+0.1x |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity, FCF Margin.
Note: Shareholder equity is negative (-$36.1M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Rent The Runway, Inc. RENT | FY2025 | $329.8M | $22.6M | 6.9% | $131.3M | 24/100 |
| Smartbird Inc BIRD | FY2025 | $152.5M | -$77.3M | -50.7% | $28.8M | 16/100 |
| Lulu'S Fashion Lounge Holdings, Inc. LVLU | FY2025 | $282.3M | -$13.7M | -4.9% | $32.1M | 12/100 |
| Digital Brands Group Inc DBGI | FY2025 | $7.4M | -$28.3M | N/A | $2.6M | 8/100 |
| Tillys Inc TLYS | FY2025 | $553.6M | -$17.5M | -3.1% | $116.2M | 20/100 |
| Destination Xl DXLG | FY2025 | $435.0M | -$35.9M | -8.3% | $33.8M | 27/100 |
Where Rent The Runway, Inc. Ranks
Frequently Asked Questions
What is Rent The Runway, Inc.'s annual revenue?
Rent The Runway, Inc. (RENT) reported $329.8M in total revenue for fiscal year 2025. This represents a 7.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Rent The Runway, Inc.'s revenue growing?
Rent The Runway, Inc. (RENT) revenue grew by 7.7% year-over-year, from $306.2M to $329.8M in fiscal year 2025.
Is Rent The Runway, Inc. profitable?
Yes, Rent The Runway, Inc. (RENT) reported a net income of $22.6M in fiscal year 2025, with a net profit margin of 6.9%.
What is Rent The Runway, Inc.'s EBITDA?
Rent The Runway, Inc. (RENT) had EBITDA of -$47.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Rent The Runway, Inc. have?
As of fiscal year 2025, Rent The Runway, Inc. (RENT) had $50.4M in cash and equivalents against $156.6M in long-term debt.
What is Rent The Runway, Inc.'s gross margin?
Rent The Runway, Inc. (RENT) had a gross margin of 73.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Rent The Runway, Inc.'s operating margin?
Rent The Runway, Inc. (RENT) had an operating margin of -17.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Rent The Runway, Inc.'s net profit margin?
Rent The Runway, Inc. (RENT) had a net profit margin of 6.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Rent The Runway, Inc.'s operating cash flow?
Rent The Runway, Inc. (RENT) generated $3.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Rent The Runway, Inc.'s total assets?
Rent The Runway, Inc. (RENT) had $221.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Rent The Runway, Inc.'s current ratio?
Rent The Runway, Inc. (RENT) had a current ratio of 1.06 as of fiscal year 2025, which is considered adequate.
What is Rent The Runway, Inc.'s return on assets (ROA)?
Rent The Runway, Inc. (RENT) had a return on assets of 10.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Rent The Runway, Inc.'s P/E ratio?
Rent The Runway, Inc. (RENT) trades at 4.4x earnings, its market capitalization divided by net income of $29.8M net income, trailing 12 months to April 30, 2026. The market capitalization is $131.3M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Rent The Runway, Inc.'s price-to-sales ratio?
Rent The Runway, Inc. (RENT) trades at 0.4x sales, its market capitalization divided by revenue of $350.1M revenue, trailing 12 months to April 30, 2026. The market capitalization is $131.3M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Why is Rent The Runway, Inc.'s debt-to-equity ratio negative or not reported?
Rent The Runway, Inc. (RENT) has negative shareholder equity of -$36.1M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Rent The Runway, Inc.'s Altman Z-Score?
Rent The Runway, Inc. (RENT) has an Altman Z-Score of -6.01, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Rent The Runway, Inc.'s Piotroski F-Score?
Rent The Runway, Inc. (RENT) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Rent The Runway, Inc.'s earnings high quality?
Rent The Runway, Inc. (RENT) has an earnings quality ratio of 0.15x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Rent The Runway, Inc.?
Rent The Runway, Inc. (RENT) scores 24 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.