---
schema_version: "secwatch.filing_event.v1"
accession: "0001468327-23-000096"
form_type: "8-K"
ticker: "RENT"
cik: "0001468327"
company_name: "Rent the Runway, Inc."
filed_at: "2023-06-07T23:59:59+00:00"
generated_at: "2026-06-14T05:44:20.193225+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Rent the Runway Q1 revenue $74.2M (+10.6% YoY); record active subscribers 145,220; Adj EBITDA turns positive

## Summary
- Revenue $74.2M, up 10.6% YoY; net loss narrowed to $(30.1)M from $(42.5)M YoY.
- Record active subscribers 145,220 (+7.6% YoY, +15% QoQ); total subscribers 185,720.
- Adjusted EBITDA $4.5M (6.1% margin) vs $(8.8)M (-13.1%) in Q1 2022.
- Gross margin improved to 42.3% from 33.5% YoY driven by cost discipline.
- Q2 FY23 guidance: revenue $77-79M, Adj EBITDA margin 7-8%; FY23 guidance reiterated.

## SEC filing metadata
- accession: 0001468327-23-000096
- form_type: 8-K
- ticker: RENT
- cik: 0001468327
- company_name: Rent the Runway, Inc.
- filed_at: 2023-06-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1468327/000146832723000096/0001468327-23-000096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1468327/000146832723000096/wdq-20230607.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001468327-23-000096
- JSON: https://secwatch.observer/filing/0001468327-23-000096.json
- Plain text: https://secwatch.observer/filing/0001468327-23-000096.txt

## Key facts
- Earnings Releases
  Rent the Runway, Inc. reported the fiscal quarter ended April 30, 2023 results: revenue $74.2 million, net income $(30.1) million. Guidance reaffirmed.
  - Period: the fiscal quarter ended April 30, 2023
  - Revenue: $74.2 million
  - Net income: $(30.1) million
  - Guidance: reaffirmed
  - Result: reported results
  source text: subscriber growth and almost 50% reduction in cash consumption on our path to free cash flow breakeven.” First Quarter 2023 Key Metrics and Financial Highlights • Revenue was $74.2 million, a 10.6% increase year-over-year from $67.1 million in the first quarter of fiscal year 2022. • 145,220 ending Active Subscribers, representing an increase of 7.6% year-over-year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1468327/000146832723000096/0001468327-23-000096-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.