secwatch.observer — SEC 8-K summary
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Issuer:     Rent the Runway, Inc. (RENT)
CIK:        0001468327
Form:       8-K
Filed at:   2022-06-09T23:59:59+00:00
Accession:  0001468327-22-000071
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rent the Runway Q1 revenue $67.1M (+100% YoY); beats guidance; active subs up 82% YoY
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- Revenue $67.1M, up 100% YoY from $33.5M; gross margin 33.5% vs 24.2% YoY.
- Ending Active Subscribers 134,998 (+82% YoY); Total Subscribers 177,213 (+70% YoY).
- Net loss $(42.5)M, similar to $(42.3)M YoY; Adj EBITDA $(8.8)M (margin -13.1% vs -18.5%).
- Q2 guidance: revenue $72-74M; FY22 revenue $295-305M; FY22 Adj EBITDA margin (6)% to (5)%.
- Reiterates FY22 revenue growth 45-50% YoY; target Adj EBITDA breakeven in 2-4 quarters.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1468327/000146832722000071/0001468327-22-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1468327/000146832722000071/wdq-20220609.htm
  HTML page:      https://secwatch.observer/filing/0001468327-22-000071

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