---
schema_version: "secwatch.filing_event.v1"
accession: "0001468327-25-000173"
form_type: "8-K"
ticker: "RENT"
cik: "0001468327"
company_name: "Rent the Runway, Inc."
filed_at: "2025-09-11T23:59:59+00:00"
generated_at: "2026-05-17T06:52:04.054904+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Rent the Runway Q2 revenue +2.5% to $80.9M; net loss widens; recap cuts debt to $120M

## Summary
- Revenue $80.9M (+2.5% YoY); ending active subscribers 146,373 (+13.4% YoY).
- Gross margin fell to 30% from 41.1%; net loss $(26.4)M vs $(15.6)M last year.
- Adjusted EBITDA $3.6M (4.4% margin) vs $13.7M (17.4% margin) last year.
- Recapitalization reduces debt from $340M to $120M; maturity extended to 2029; $20M new cash; close by Dec 31.
- Q3 revenue guidance $82-84M; FY2025 free cash flow lower than $(40)M due to recap costs.

## SEC filing metadata
- accession: 0001468327-25-000173
- form_type: 8-K
- ticker: RENT
- cik: 0001468327
- company_name: Rent the Runway, Inc.
- filed_at: 2025-09-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1468327/000146832725000173/0001468327-25-000173-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1468327/000146832725000173/wdq-20250911.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001468327-25-000173
- JSON: https://secwatch.observer/filing/0001468327-25-000173.json
- Plain text: https://secwatch.observer/filing/0001468327-25-000173.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.