secwatch.observer — SEC 8-K summary
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Issuer:     Rent the Runway, Inc. (RENT)
CIK:        0001468327
Form:       8-K
Filed at:   2021-12-08T23:59:59+00:00
Accession:  0001468327-21-000007
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rent the Runway Q3 FY2021 revenue $59.0M (+66% YoY); active subscribers up 78% to 116,833
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1468327/000146832721000007/0001468327-21-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1468327/000146832721000007/wdq-20211208.htm
  HTML page:      https://secwatch.observer/filing/0001468327-21-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer