Rent The Runway, Inc. Stock Price, News & Analysis

Rent the Runway (NASDAQ:RENT) has announced a major growth recapitalization plan to strengthen its balance sheet and enhance financial flexibility. Aranda Principal Strategies (APS) will convert over $243M of debt into common equity at $9.23 per share, representing an 80.9% premium to the recent trading price. STORY3 Capital Partners and Nexus Capital Management are joining APS to inject $20M in new capital.

The transaction will reduce RTR's outstanding debt to $120M with maturity extended to 2029. The company will initiate a $12.5M rights offering to existing stockholders at $4.08 per share. RTR reported strong performance with 147,000 active subscribers in Q1 2025, achieving its highest quarterly customer retention in four years.

The transaction is expected to close by December 31, 2025, subject to stockholder approval.

Rent the Runway (NASDAQ: RENT) reported Q1 2025 financial results, marking significant progress in its transformation strategy. The company achieved its highest quarter-ending Active Subscriber count of 147,157, up 1% YoY. Revenue was $69.6M, down 7.2% YoY, with a net loss of $26.1M. The company implemented an aggressive inventory strategy, increasing new inventory receipts by 24% YoY and launching 36 new brands with over 1,000 new styles. Customer engagement improved with Spring 2025 inventory showing 23% higher share of views and 46% more hearts. Despite lower revenue, operational improvements included enhanced customer service initiatives and the introduction of back-in-stock notifications, engaging 25% of subscribers. The company expects Q2 2025 revenue between $76-80M and projects double-digit growth in ending Active Subscribers for fiscal year 2025.

Rent the Runway (NASDAQ: RENT) has scheduled its first quarter 2025 financial results announcement for June 5, 2025, after market close. The results will cover the quarter ended April 30, 2025. The company will host a conference call and webcast with investors at 4:30 p.m. Eastern Time on the same day.

Investors can access the presentation materials and webcast through the company's Investor Relations website. For those joining via phone, U.S. participants can dial 1-877-407-3982, while international callers should use 1-201-493-6780. A replay will be available for at least fourteen days, accessible via 1-844-512-2921 (U.S.) or 1-412-317-6671 (international) using access code 13753946.

Rent the Runway (NASDAQ: RENT) has reported its Q4 and FY2024 results, highlighting significant improvements in cash management. The company reduced its cash burn from $70.5M in FY2023 to just $6.6M in FY2024, marking record low cash consumption.

Q4 2024 revenue increased 0.8% YoY to $76.4M, while active subscribers decreased 5% to 119,778. The company's gross margin was 37.7%, down from 39.4% in Q4 FY2023. Net loss improved to $(13.4M) from $(24.8M) in the same period.

For FY2024, revenue grew 2.7% to $306.2M, with customer retention improving by 8%. The company announced its largest inventory acquisition in history for FY2025 and expects to double new inventory. Looking ahead, RTR projects double-digit growth in active subscribers for FY2025 and anticipates Q1 2025 revenue between $68M and $70M.

Rent the Runway (RENT) has scheduled the release of its fourth quarter and fiscal year 2024 financial results for Tuesday, April 15, 2025, before market open. The results will cover the quarter and year ended January 31, 2025.

The company will host a conference call and live webcast with the investment community at 8:30 a.m. Eastern Time on the same day. Investors can access the presentation materials and webcast through the company's Investor Relations website. Conference call access is available via 1-877-407-3982 (U.S.) or 1-201-493-6780 (international).

Rent the Runway (NASDAQ: RENT) has announced a partnership with the Dallas Cowboys Cheerleaders (DCC) launching with a holiday campaign in December. The campaign features DCC members Reece, Charly, Brooklyn, Camille, and Ava wearing curated festive pieces available through RTR's rental service.

The partnership aims to highlight the cheerleaders' personal stories and achievements both on and off the field. Dallas represents a key market for RTR, where the company established its most advanced Dream Fulfillment Center in Arlington in 2019. The collaboration will showcase a curated holiday collection while emphasizing the multifaceted lives of the cheerleaders as athletes, entertainers, and community leaders.

Rent the Runway (NASDAQ: RENT) reported Q3 2024 financial results showing improved business momentum. Revenue increased 4.7% year-over-year to $75.9 million, with ending Active Subscribers growing 1% to 132,518. The company achieved a record low cash consumption of $9M for the nine months ending October 31, 2024, representing a $38M improvement from the previous year.

Net Loss was $(18.9) million, improving from $(31.5) million in Q3 2023. Adjusted EBITDA reached $9.3 million with a 12.3% margin. For fiscal year 2024, RTR expects revenue growth of 2-4% and reiterates its expectation for free cash flow breakeven.

The company launched a new $119 monthly 1-Shipment Subscription Plan and saw its fastest Y-o-Y growth in Reserve orders since Q1 22.

Rent the Runway (Nasdaq: RENT) has announced it will release its third quarter 2024 financial results for the quarter ended October 31, 2024, on Monday, December 9, 2024, before market open. The company will host a conference call and live webcast at 8:30 a.m. Eastern Time on the same day. Investors can access the results and webcast through the company's Investor Relations website, or join via conference call using specified U.S. and international dial-in numbers. A replay will be available for at least fourteen days after the call.

Rent the Runway (NASDAQ: RENT) reported improved Q2 2024 results, exceeding revenue and Adjusted EBITDA guidance. Key highlights include:

- Revenue increased 4.2% YoY to $78.9 million
- Adjusted EBITDA of $13.7 million, up from $7.7 million in Q2 2023
- Net Loss improved to $(15.6) million from $(26.8) million YoY
- Record low cash consumption of $6M in 1H 2024

The company raised FY24 revenue guidance, projecting 2-6% growth, and reiterated its expectation for free cash flow breakeven in FY 2024. Strong momentum in the Reserve offering and improved customer experience contributed to positive business trends.