secwatch.observer — SEC 8-K summary
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Issuer:     Rent the Runway, Inc. (RENT)
CIK:        0001468327
Form:       8-K
Filed at:   2023-09-08T23:59:59+00:00
Accession:  0001468327-23-000251
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1468327/000146832723000251/0001468327-23-000251-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1468327/000146832723000251/wdq-20230908.htm
  HTML page:      https://secwatch.observer/filing/0001468327-23-000251

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