secwatch.observer — SEC 8-K summary
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Issuer:     Rent the Runway, Inc. (RENT)
CIK:        0001468327
Form:       8-K
Filed at:   2022-09-12T23:59:59+00:00
Accession:  0001468327-22-000112
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rent the Runway Q2 revenue $76.5M (+64% YoY); first positive Adj. EBITDA; restructuring cuts 24% staff
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- Q2 revenue $76.5M (+64% YoY); first quarter of positive Adj. EBITDA of $1.8M (vs -$1.9M prior year).
- Net loss improved to $(33.9)M from $(42.4)M; gross margin up 3.4 ppts to 42.4%.
- Active subscribers 124,131 (+27% YoY); total subscribers 173,321 (+37% YoY).
- Restructuring plan reduces corporate workforce ~24%; expects $25-27M annualized cost savings; $2.5M severance in Q3.
- FY2022 revenue guidance $285-290M; Adj. EBITDA margin (2%)-0%; Q3 revenue guided $72-74M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1468327/000146832722000112/0001468327-22-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1468327/000146832722000112/wdq-20220912.htm
  HTML page:      https://secwatch.observer/filing/0001468327-22-000112

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