secwatch.observer — SEC 8-K summary
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Issuer:     Rent the Runway, Inc. (RENT)
CIK:        0001468327
Form:       8-K
Filed at:   2025-09-11T23:59:59+00:00
Accession:  0001468327-25-000173
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1468327/000146832725000173/0001468327-25-000173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1468327/000146832725000173/wdq-20250911.htm
  HTML page:      https://secwatch.observer/filing/0001468327-25-000173

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