Rent the Runway Q4 revenue up 0.8% to $76.4M; net loss narrows to $13.4M; cash burn drops to $6.6M

Rent the Runway, Inc.

Revenue $76.4M (+0.8% YoY); net loss $(13.4)M improved from $(24.8)M; Adjusted EBITDA $17.4M (22.8% margin).
Ending active subscribers 119,778 (-5% YoY); total subscribers 164,004 (-5% YoY).
Cash consumption in FY2024 only $6.6M vs $70.5M in FY2023; record low cash burn.
Announces largest inventory acquisition in company history; expects to double new inventory in FY2025.
Expects return to subscriber growth in FY2025; launches 60-day promise and stylist features.

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