secwatch.observer — SEC 8-K summary
======================================

Issuer:     Rent the Runway, Inc. (RENT)
CIK:        0001468327
Form:       8-K
Filed at:   2023-04-12T23:59:59+00:00
Accession:  0001468327-23-000047
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rent the Runway reports FY2022 revenue $296.4M (+46% YoY); guides FY2023 revenue $320-330M
--------------------------------------------------------------------------------

- FY2022 revenue $296.4M (+46% YoY); net loss improved to $(138.7)M from $(211.8)M.
- FY2022 Adjusted EBITDA $6.7M (first full year positive) vs $(19.2)M prior year; Q4 Adjusted EBITDA $7.1M.
- Active subscribers 126,712 at FY2022 end (+10% YoY); record high 141,205 as of April 8, 2023.
- CFO Scarlett O'Sullivan resigns effective May 25; replaced by Sid Thacker (SVP FP&A). O'Sullivan to advise through Aug 25.
- FY2023 guidance: revenue $320-330M, active subscriber growth >25%, Adj EBITDA margin 7-8%, cash consumption down ~50%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1468327/000146832723000047/0001468327-23-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1468327/000146832723000047/wdq-20230411.htm
  HTML page:      https://secwatch.observer/filing/0001468327-23-000047

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