Rent the Runway Q2 net loss narrows to $26.8M; Adj. EBITDA margin hits 10.2%

Rent the Runway, Inc.

2023-Q2 EPS reported -$0.85 revenue$149,900,000

Revenue $75.7M (-1% YoY); net loss $(26.8)M vs $(33.9)M a year ago.
Adjusted EBITDA $7.7M (10.2% margin) vs $1.8M (2.4%) in Q2 2022.
Active subscribers up 11% to 137,566; total subscribers 184,389 (+6%).
Q3 revenue guidance $72-74M; FY2023 revenue at least $296.4M (flat YoY).
Targets free cash flow breakeven before cash interest by FY24 Q2.

item 2.02 item 9.01

Key facts

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 financial results for the quarter ended July 31, 2023.

Period: the quarter ended July 31, 2023
Result: reported results

Exact text from the filing

On September 8, 2023, Rent the Runway, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended July 31, 2023.

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Rent the Runway, Inc. filing history →

Source: SEC EDGAR

accession 0001468327-23-000251

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