earnings
confidence high
sentiment neutral
materiality 0.75
Rent the Runway Q3 FY2021 revenue $59.0M (+66% YoY); active subscribers up 78% to 116,833
Rent the Runway, Inc.
2021-Q3 EPS reported
-$14.35
revenue$139,200,000
- Revenue $59.0M, up 66% YoY; gross margin 33.7% vs 6.8% YoY.
- Net loss $(87.8)M includes $(17.4)M warrant revaluation and $(12.2)M debt extinguishment charges.
- Adjusted EBITDA loss $(5.6)M, margin improved to (9.5)% from (15.2)%.
- Q4 outlook: revenue $62.8-63.3M, active subs 121-122K; FY2021 revenue $202.0-202.5M.
- Paid down $140.7M of debt (one-third of pre-IPO balance) with IPO proceeds.