secwatch.observer — SEC 8-K summary
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Issuer:     Rent the Runway, Inc. (RENT)
CIK:        0001468327
Form:       8-K
Filed at:   2025-12-12T23:59:59+00:00
Accession:  0001468327-25-000235
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rent the Runway Q3 revenue +15.4% to $87.6M, active subs +12.4%, closes recap
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- Revenue $87.6M (+15.4% YoY); ending Active Subscribers 148,916 (+12.4% YoY).
- Net Income $76.5M includes $96.3M gain on debt restructuring; Adjusted EBITDA $4.3M vs $9.3M YoY.
- Gross margin 29.6% vs 34.7% YoY; Adjusted EBITDA margin 4.9% vs 12.3% YoY.
- Closed recapitalization on Oct 28: debt reduced to $120M, maturity extended to 2029, $20M cash injection, $12.5M from rights offering.
- Q4 outlook: revenue $85-87M, Adj EBITDA margin 11-13%; FY25 revenue $323-325M, Adj EBITDA margin 4.9-5.5%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1468327/000146832725000235/0001468327-25-000235-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1468327/000146832725000235/wdq-20251212.htm
  HTML page:      https://secwatch.observer/filing/0001468327-25-000235

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