What is Rent The Runway, Inc.'s earnings per share (EPS)?

Rent The Runway, Inc. (RENT) reported diluted earnings per share of $1.88 for fiscal year 2026. This represents a 110.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Rent The Runway, Inc. Financials

RENT

Source SEC Filings (10-K/10-Q) Data as of Apr 30, 2026 Currency USD FYE January

This page shows Rent The Runway, Inc. (RENT) financial statements, including the 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).

Rhea AI RENT FY2026 2026-06-03

Rent the Runway is shifting from a debt-heavy turnaround to a higher-margin model that still struggles to produce operating profit.

The latest year’s reported net profit of $22.6M arrived even though operating income was still -$57.5M. Operating cash flow was just $3.5M after the prior year’s $12.9M, so the move above zero looks disconnected from the core operating engine rather than a clean operating break-even.

Across the last three reported years, gross margin climbed from 68.9% to 73.0%, showing the business kept more of each revenue dollar before overhead. SG&A also fell to $86.8M before edging back to $88.8M, which helps explain why operating losses narrowed first and then widened again despite higher revenue.

The balance sheet improved faster than the income statement: long-term debt was cut from $340.6M to $156.6M in the latest year. But liquidity is still thin, with cash of $50.4M and a current ratio near 1.1x, so there is less cushion for operating missteps even though old obligations are lighter.

Financial Health Signals

Financial Health Score 21/100

Scored against operating companies for FY2026. 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.

Profitability

Rent The Runway, Inc. has an operating margin of -17.4%, meaning the company retains $-17 of operating profit per $100 of revenue. This below-average margin results in a low score of 27/100, suggesting thin profitability after operating expenses. This is down from -15.5% the prior year.

Growth

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.

Leverage

Rent The Runway, Inc. has elevated debt relative to equity (D/E of -2.95), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 6/100, reflecting increased financial risk.

Liquidity

Rent The Runway, Inc.'s current ratio of 0.75 is below the typical benchmark, resulting in a score of 10/100. However, the company holds substantial cash reserves (51% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.

Altman Z-Score Distress

-6.56

Rent The Runway, Inc. scores -6.56, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($112.2M) relative to total liabilities ($266.0M). 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.

Piotroski F-Score Partial

6/8

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.

Earnings Quality Low Quality

0.15x

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

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Earnings & Revenue

Revenue

$329.8M

YoY+7.7%

5Y CAGR+15.9%

Rent The Runway, Inc. generated $329.8M in revenue in fiscal year 2026. This represents an increase of 7.7% from the prior year.

EBITDA

-$47.3M

YoY-37.1%

Rent The Runway, Inc.'s EBITDA was -$47.3M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 37.1% from the prior year.

Net Income

$22.6M

YoY+132.3%

Rent The Runway, Inc. reported $22.6M in net income in fiscal year 2026. This represents an increase of 132.3% from the prior year.

EPS (Diluted)

$1.88

YoY+110.7%

Rent The Runway, Inc. earned $1.88 per diluted share (EPS) in fiscal year 2026. This represents an increase of 110.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$37.1M

YoY-47.3%

5Y CAGR-18.6%

Rent The Runway, Inc. held $37.1M in cash against $157.1M in long-term debt as of fiscal year 2026.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

73.2%

YoY+0.2pp

5Y CAGR+6.8pp

Rent The Runway, Inc.'s gross margin was 73.2% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the prior year.

Operating Margin

-17.4%

YoY-1.9pp

5Y CAGR+65.4pp

Rent The Runway, Inc.'s operating margin was -17.4% in fiscal year 2026, reflecting core business profitability. This is down 1.9 percentage points from the prior year.

Net Margin

6.9%

YoY+29.7pp

5Y CAGR+115.5pp

Rent The Runway, Inc.'s net profit margin was 6.9% in fiscal year 2026, showing the share of revenue converted to profit. This is up 29.7 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

RENT Income Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Revenue	$329.8M+7.7%	$306.2M+2.7%	$298.2M+0.6%	$296.4M+45.8%	$203.3M+29.1%	$157.5M
Cost of Revenue	$88.5M+6.9%	$82.8M-3.7%	$86.0M-6.7%	$92.2M+48.9%	$61.9M+16.8%	$53.0M
Gross Profit	$241.3M+8.0%	$223.4M+5.3%	$212.2M+3.9%	$204.2M+44.4%	$141.4M+35.3%	$104.5M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$88.8M+2.3%	$86.8M-14.6%	$101.6M-6.8%	$109.0M+4.4%	$104.4M+35.2%	$77.2M
Operating Income	-$57.5M-21.1%	-$47.5M+40.6%	-$80.0M+22.8%	-$103.6M+17.7%	-$125.9M+3.5%	-$130.5M
Interest Expense	N/A	N/A	-$33.7M+8.4%	-$36.8M+30.6%	-$53.0M-13.7%	-$46.6M
Income Tax	$100K-66.7%	$300K+50.0%	$200K+200.0%	-$200K+33.3%	-$300K	$0
Net Income	$22.6M+132.3%	-$69.9M+38.3%	-$113.2M+18.4%	-$138.7M+34.5%	-$211.8M-23.8%	-$171.1M
EPS (Diluted)	$1.88+110.7%	$-17.62+44.1%	$-31.52+27.0%	$-43.17+74.7%	$-170.30-1008.7%	$-15.36

Metric	Q1'27	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25
Revenue	$89.9M-2.0%	$91.7M+4.7%	$87.6M+8.3%	$80.9M+16.2%	$69.6M-8.9%	$76.4M+0.7%	$75.9M-3.8%	$78.9M
Cost of Revenue	$23.6M+9.3%	$21.6M-10.0%	$24.0M+6.7%	$22.5M+10.3%	$20.4M+1.0%	$20.2M-5.6%	$21.4M+3.9%	$20.6M
Gross Profit	$66.3M-5.4%	$70.1M+10.2%	$63.6M+8.9%	$58.4M+18.7%	$49.2M-12.5%	$56.2M+3.1%	$54.5M-6.5%	$58.3M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$23.4M+12.5%	$20.8M-8.4%	$22.7M-7.7%	$24.6M+18.8%	$20.7M+0.5%	$20.6M-2.8%	$21.2M-4.5%	$22.2M
Operating Income	-$19.7M-1213.3%	-$1.5M+90.7%	-$16.2M+19.4%	-$20.1M-2.0%	-$19.7M-155.8%	-$7.7M+43.8%	-$13.7M-42.7%	-$9.6M
Interest Expense	N/A	N/A	N/A	N/A	-$6.3M	N/A	N/A	N/A
Income Tax	$0+100.0%	-$100K	$0	$0-100.0%	$200K0.0%	$200K	$0-100.0%	$100K
Net Income	-$18.9M-1250.0%	-$1.4M-101.8%	$76.5M+389.8%	-$26.4M-1.1%	-$26.1M-94.8%	-$13.4M+29.1%	-$18.9M-21.2%	-$15.6M
EPS (Diluted)	$-0.57	N/A	$13.65+308.4%	$-6.55-4.6%	$-6.26	N/A	$-4.70-12.7%	$-4.17

RENT Balance Sheet

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Total Assets	$212.7M-13.3%	$245.3M-11.9%	$278.4M-15.0%	$327.4M-21.3%	$416.0M-7.0%	$447.5M
Current Assets	$54.7M-37.2%	$87.1M-12.3%	$99.3M-37.4%	$158.5M-32.5%	$234.8M-11.3%	$264.7M
Cash & Equivalents	$37.1M-47.3%	$70.4M-14.1%	$82.0M-42.0%	$141.4M-35.4%	$219.0M+111.0%	$103.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	$4.1M	N/A	$1.1M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$266.0M-41.2%	$452.4M+7.8%	$419.7M+9.3%	$384.0M+0.5%	$381.9M-62.3%	$1.0B
Current Liabilities	$72.8M+2.1%	$71.3M+15.7%	$61.6M-5.5%	$65.2M-13.0%	$74.9M+8.9%	$68.8M
Long-Term Debt	$157.1M-53.9%	$340.6M+8.8%	$313.1M+11.3%	$281.2M+6.0%	$265.2M+1.7%	$260.8M
Total Equity	-$53.3M+74.3%	-$207.1M-46.6%	-$141.3M-149.6%	-$56.6M-266.0%	$34.1M+106.0%	-$565.8M
Retained Earnings	-$1.1B+2.6%	-$1.1B-6.9%	-$1.1B-10.8%	-$970.0M-15.0%	-$843.7M-5.3%	-$801.2M

Metric	Q1'27	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25
Total Assets	$212.7M-3.8%	$221.0M-4.3%	$231.0M+5.5%	$219.0M-10.7%	$245.3M+2.2%	$240.0M-4.6%	$251.6M-2.3%	$257.4M
Current Assets	$54.7M-18.0%	$66.7M0.0%	$66.7M+5.4%	$63.3M-27.3%	$87.1M-7.2%	$93.9M+6.3%	$88.3M-4.6%	$92.6M
Cash & Equivalents	$37.1M-26.4%	$50.4M-0.6%	$50.7M+16.3%	$43.6M-38.1%	$70.4M-9.0%	$77.4M+4.5%	$74.1M-3.3%	$76.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$266.0M+3.5%	$257.1M-3.4%	$266.1M-41.0%	$451.1M-0.3%	$452.4M+7.1%	$422.5M-0.1%	$422.8M+2.6%	$411.9M
Current Liabilities	$72.8M+15.2%	$63.2M-7.9%	$68.6M+0.4%	$68.3M-4.2%	$71.3M+50.4%	$47.4M-11.4%	$53.5M+10.8%	$48.3M
Long-Term Debt	$157.1M+0.3%	$156.6M-1.6%	$159.1M-53.7%	$343.9M+1.0%	$340.6M+2.1%	$333.7M+2.1%	$326.7M+2.2%	$319.8M
Total Equity	-$53.3M-47.6%	-$36.1M-2.8%	-$35.1M+84.9%	-$232.1M-12.1%	-$207.1M-13.5%	-$182.5M-6.6%	-$171.2M-10.8%	-$154.5M
Retained Earnings	-$1.1B-1.7%	-$1.1B-0.1%	-$1.1B+6.5%	-$1.2B-2.3%	-$1.1B-2.3%	-$1.1B-1.2%	-$1.1B-1.7%	-$1.1B

RENT Cash Flow Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$3.5M-72.9%	$12.9M+182.2%	-$15.7M+67.1%	-$47.7M-12.8%	-$42.3M+1.2%	-$42.8M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$49.5M-146.3%	-$20.1M+63.2%	-$54.6M-23.3%	-$44.3M-96.9%	-$22.5M+61.5%	-$58.4M
Financing Cash Flow	$18.6M+6300.0%	-$300K-142.9%	$700K+117.5%	-$4.0M-101.9%	$215.2M+27.7%	$168.5M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'27	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25
Operating Cash Flow	-$3.8M-153.5%	$7.1M+607.1%	-$1.4M+86.7%	-$10.5M-226.5%	$8.3M+492.9%	$1.4M-70.2%	$4.7M+113.6%	$2.2M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$9.8M-48.5%	-$6.6M+45.9%	-$12.2M+23.8%	-$16.0M-8.8%	-$14.7M-2200.0%	$700K+108.6%	-$8.1M-20.9%	-$6.7M
Financing Cash Flow	-$200K+75.0%	-$800K-103.8%	$20.8M+3071.4%	-$700K0.0%	-$700K-153.8%	$1.3M+1400.0%	-$100K+88.9%	-$900K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

RENT Financial Ratios

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Gross Margin	73.2%+0.2pp	73.0%+1.8pp	71.2%+2.3pp	68.9%-0.7pp	69.5%+3.2pp	66.3%
Operating Margin	-17.4%-1.9pp	-15.5%+11.3pp	-26.8%+8.1pp	-34.9%+27.0pp	-61.9%+20.9pp	-82.9%
Net Margin	6.9%+29.7pp	-22.8%+15.1pp	-38.0%+8.8pp	-46.8%+57.4pp	-104.2%+4.4pp	-108.6%
Return on Equity	N/A	N/A	N/A	N/A	-621.1%	N/A
Return on Assets	10.6%+39.1pp	-28.5%+12.2pp	-40.7%+1.7pp	-42.4%+8.6pp	-50.9%-12.7pp	-38.2%
Current Ratio	0.75-0.5	1.22-0.4	1.61-0.8	2.43-0.7	3.13-0.7	3.85
Debt-to-Equity	-2.95-1.3	-1.64+0.6	-2.22+2.8	-4.97-12.7	7.78+8.2	-0.46
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'27	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25
Gross Margin	73.8%-2.7pp	76.4%+3.8pp	72.6%+0.4pp	72.2%+1.5pp	70.7%-2.9pp	73.6%+1.8pp	71.8%-2.1pp	73.9%
Operating Margin	-21.9%-20.3pp	-1.6%+16.9pp	-18.5%+6.4pp	-24.9%+3.4pp	-28.3%-18.2pp	-10.1%+8.0pp	-18.1%-5.9pp	-12.2%
Net Margin	-21.0%-19.5pp	-1.5%-88.9pp	87.3%+120.0pp	-32.6%+4.9pp	-37.5%-20.0pp	-17.5%+7.4pp	-24.9%-5.1pp	-19.8%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-8.9%-8.3pp	-0.6%-33.8pp	33.1%+45.2pp	-12.0%-1.4pp	-10.6%-5.1pp	-5.6%+1.9pp	-7.5%-1.4pp	-6.1%
Current Ratio	0.75-0.3	1.06+0.1	0.97+0.0	0.93-0.3	1.22-0.8	1.98+0.3	1.65-0.3	1.92
Debt-to-Equity	-2.95+1.4	-4.34+0.2	-4.53-3.1	-1.48+0.2	-1.64+0.2	-1.83+0.1	-1.91+0.2	-2.07
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$53.3M), 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.

Note: The current ratio is below 1.0 (0.75), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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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 2026. 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 2026.

Is Rent The Runway, Inc. profitable?

Yes, Rent The Runway, Inc. (RENT) reported a net income of $22.6M in fiscal year 2026, 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 2026, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Rent The Runway, Inc. have?

As of fiscal year 2026, Rent The Runway, Inc. (RENT) had $37.1M in cash and equivalents against $157.1M 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 2026, 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 2026, 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 2026, 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 2026, representing cash generated from core business activities.

What are Rent The Runway, Inc.'s total assets?

Rent The Runway, Inc. (RENT) had $212.7M in total assets as of fiscal year 2026, 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 0.75 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.

What is Rent The Runway, Inc.'s debt-to-equity ratio?

Rent The Runway, Inc. (RENT) had a debt-to-equity ratio of -2.95 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Rent The Runway, Inc.'s return on assets (ROA)?

Rent The Runway, Inc. (RENT) had a return on assets of 10.6% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

Why is Rent The Runway, Inc.'s debt-to-equity ratio negative or unusual?

Rent The Runway, Inc. (RENT) has negative shareholder equity of -$53.3M as of fiscal year 2026, which causes the debt-to-equity ratio to appear negative or not meaningful. 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 -6.56, 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 21 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.