secwatch.observer — SEC 8-K summary
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Issuer:     Rent the Runway, Inc. (RENT)
CIK:        0001468327
Form:       8-K
Filed at:   2024-06-06T23:59:59+00:00
Accession:  0001468327-24-000166
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rent the Runway Q1 revenue $75M (+1.1% YoY), Adj EBITDA $6.5M beats guidance; record low cash burn
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- Revenue $75.0M (+1.1% YoY); net loss $(22.0)M improved from $(30.1)M.
- Adjusted EBITDA $6.5M (margin 8.7%), beating guidance; FCF consumption record low <$2M.
- Ending active subscribers 145,837 (+0.4% YoY); added ~20k subs since Q4 2023.
- Q2 2024 guidance: revenue $76-78M; Adj EBITDA margin 14-15%.
- FY2024 outlook: revenue growth 1-6%; free cash flow breakeven reaffirmed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1468327/000146832724000166/0001468327-24-000166-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1468327/000146832724000166/wdq-20240606.htm
  HTML page:      https://secwatch.observer/filing/0001468327-24-000166

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