secwatch.observer — SEC 8-K summary
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Issuer:     Rent the Runway, Inc. (RENT)
CIK:        0001468327
Form:       8-K
Filed at:   2023-06-07T23:59:59+00:00
Accession:  0001468327-23-000096
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 $74.2M (+10.6% YoY); record active subscribers 145,220; Adj EBITDA turns positive
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1468327/000146832723000096/0001468327-23-000096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1468327/000146832723000096/wdq-20230607.htm
  HTML page:      https://secwatch.observer/filing/0001468327-23-000096

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