Rent the Runway Q2 revenue up 20.8% to $97.7M; names Paige Thomas CEO

Rent the Runway, Inc.

Revenue $97.7M (+20.8% YoY); net loss $(12.9)M vs $(26.4)M; adj. EBITDA $12.6M vs $3.6M.
Gross margin 36.1% vs 30.0% (+609 bps); Active subscribers 140,826 (-3.8% YoY).
FY26 guidance reaffirmed: double-digit revenue growth, adj. EBITDA margin 4-7%; rental product acquired lowered to $53-55M from $74.9M.
Paige Thomas named CEO & President effective Sept 14; Teri Bariquit becomes non-executive Chair; Dhiren Fonseca steps down as Exec Chair.
Q3 FY26 guidance: revenue $87-90M, adj. EBITDA margin -3% to -6%.

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