secwatch.observer — SEC 8-K summary
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Issuer:     Rent the Runway, Inc. (RENT)
CIK:        0001468327
Form:       8-K
Filed at:   2024-09-05T23:59:59+00:00
Accession:  0001468327-24-000259
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rent the Runway Q2 revenue $78.9M (+4.2% YoY), raises FY24 revenue guidance
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- Revenue $78.9M, up 4.2% YoY; net loss $15.6M vs $26.8M loss last year.
- Adjusted EBITDA $13.7M (17.4% margin) vs $7.7M (10.2%) last year.
- Raised FY24 revenue growth guidance to 2-6% from prior; reaffirms FCF breakeven.
- Ending Active Subscribers 129,073 (-6% YoY); Average Active Subscribers 137,455 (-3%).
- Free cash flow consumption improved $24M YoY to $6M in 1H 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1468327/000146832724000259/0001468327-24-000259-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1468327/000146832724000259/wdq-20240905.htm
  HTML page:      https://secwatch.observer/filing/0001468327-24-000259

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