Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Rent the Runway, Inc. reported fiscal quarter ended October 31, 2022 results: revenue $77.4 million, net income $(36.1) million. Guidance raised.
- Period
- fiscal quarter ended October 31, 2022
- Revenue
- $77.4 million
- Net income
- $(36.1) million
- Guidance
- raised
- Result
- reported results
Exact text from the filing
Third Quarter 2022 Key Metrics and Financial Highlights • Revenue was $77.4 million, a 31% increase year-over-year from $59.0 million in the third quarter of fiscal year 2021. • 134,240 ending Active Subscribers, representing an increase of 15% year-over-year from 116,833 at the end of the third quarter of fiscal year 2021. • 176,167 ending Total Subscribers, representing an increase of 17% year-over-year from 150,075 at the end of the third quarter of fiscal year 2021. • Gross Profit was $31.8 million, representing an increase of 60% from $19.9 million in the third quarter of 2021. Gross Margin was 41.1%, as compared to 33.7% in the third quarter of fiscal year 2021. • Net Loss was $(36.1) million, as compared to $(87.8) million in the third quarter of fiscal year 2021. Net Loss as a percentage of revenue was (46.6)%, as compared to (148.8)% in the third quarter of fiscal year 2021. In the three months ended October 31, 2022, Net Loss included $5.8 million of restructuring and related
View on SEC.gov