What is Rent the Runway's operating income?

Rent the Runway's total operating income in 2025 was -$57.50 million, based on the following breakdown: Total Gross Profit: $241.30 million Total Operating Expenses: $298.80 million

Rent the Runway (RENT) Financials

$3.33 -0.04 (-1.19%)

Closing price 07/9/2026 04:00 PM Eastern

Extended Trading

$3.33 0.00 (0.00%)

As of 07/9/2026 07:11 PM Eastern

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Annual Income Statements for Rent the Runway

This table shows Rent the Runway's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	1/31/2020	1/31/2021	1/31/2022	1/31/2023	1/31/2024	1/31/2025	1/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-154	-171	-212	-139	-113	-70	23
Consolidated Net Income / (Loss)	-154	-171	-212	-139	-113	-70	23
Net Income / (Loss) Continuing Operations	-154	-171	-212	-139	-113	-70	23
Total Pre-Tax Income	-154	-171	-212	-139	-113	-70	23
Total Operating Income	-130	-131	-126	-104	-80	-48	-58
Total Gross Profit	139	105	141	204	212	223	241
Total Revenue	257	158	203	296	298	306	330
Operating Revenue	257	158	203	296	298	306	330
Total Cost of Revenue	118	53	62	92	86	83	89
Operating Cost of Revenue	118	53	62	92	86	83	89
Total Operating Expenses	269	235	267	308	292	271	299
Selling, General & Admin Expense	99	77	104	109	102	87	89
Marketing Expense	23	8.10	27	35	31	28	27
Depreciation Expense	107	112	91	101	107	120	144
Other Operating Expenses / (Income)	40	38	45	55	49	36	39
Impairment Charge	-	0.00	0.00	5.30	1.10	0.00	0.00
Restructuring Charge	-	0.00	0.00	2.40	2.00	0.20	0.00
Total Other Income / (Expense), net	-24	-41	-86	-35	-33	-22	80
Interest Expense	24	47	65	-	0.00	0.00	-96
Interest & Investment Income	-	-	-	-37	-34	-24	-20
Other Income / (Expense), net	-0.10	6.60	-21	1.50	0.70	2.10	4.20
Income Tax Expense	-0.20	0.00	-0.30	-0.20	0.20	0.30	0.10
Basic Earnings per Share	($14.04)	($15.36)	($170.30)	($43.17)	($31.52)	($17.62)	$1.89
Weighted Average Basic Shares Outstanding	10.96M	11.14M	1.24M	3.21M	3.59M	3.97M	11.96M
Diluted Earnings per Share	($14.04)	($15.36)	($170.30)	($43.17)	($31.52)	($17.62)	$1.88
Weighted Average Diluted Shares Outstanding	10.96M	11.14M	1.24M	3.21M	3.59M	3.97M	12.00M
Weighted Average Basic & Diluted Shares Outstanding	-	-	63.93M	66.47M	3.67M	3.98M	33.42M

This table shows Rent the Runway's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026	4/30/2026
Net Income / (Loss) Attributable to Common Shareholders	-32	-25	-22	-16	-19	-13	-26	-26	77	-1.40	-19
Consolidated Net Income / (Loss)	-32	-25	-22	-16	-19	-13	-26	-26	77	-1.40	-19
Net Income / (Loss) Continuing Operations	-32	-25	-22	-16	-19	-13	-26	-26	77	-1.40	-19
Total Pre-Tax Income	-32	-24	-22	-16	-19	-13	-26	-26	77	-1.50	-19
Total Operating Income	-22	-19	-17	-9.60	-14	-7.70	-20	-20	-16	-1.50	-20
Total Gross Profit	51	56	54	58	55	56	49	58	64	70	66
Total Revenue	73	76	75	79	76	76	70	81	88	92	90
Operating Revenue	73	76	75	79	76	76	70	81	88	92	90
Total Cost of Revenue	22	20	21	21	21	20	20	23	24	22	24
Operating Cost of Revenue	22	20	21	21	21	20	20	23	24	22	24
Total Operating Expenses	73	75	71	68	68	64	69	79	80	72	86
Selling, General & Admin Expense	24	25	23	22	21	21	21	25	23	21	23
Marketing Expense	7.10	6.60	9.00	7.80	7.10	4.30	8.60	7.40	6.40	4.60	8.00
Depreciation Expense	29	30	29	29	31	30	30	37	40	37	45
Other Operating Expenses / (Income)	12	11	9.60	8.70	8.70	8.70	9.60	9.80	11	9.40	9.40
Total Other Income / (Expense), net	-9.80	-5.00	-5.50	-5.90	-5.20	-5.50	-6.20	-6.30	93	-	0.80
Interest & Investment Income	-10	-	-	-6.00	-6.10	-	-6.30	-6.90	-7.00	-	-0.30
Other Income / (Expense), net	0.20	0.40	0.10	0.10	0.90	1.00	0.10	0.60	3.40	0.10	1.10
Income Tax Expense	-0.20	0.50	0.00	0.10	0.00	0.20	0.20	0.00	0.00	-0.10	0.00
Basic Earnings per Share	($9.09)	($6.91)	($6.03)	($4.17)	($4.70)	($3.55)	($6.26)	($6.55)	$13.69	($0.12)	($0.57)
Weighted Average Basic Shares Outstanding	3.46M	3.59M	3.65M	3.74M	4.02M	3.78M	4.17M	4.03M	5.59M	11.96M	33.42M
Diluted Earnings per Share	($9.09)	($6.91)	($6.03)	($4.17)	($4.70)	($3.55)	($6.26)	($6.55)	$13.65	($0.12)	($0.57)
Weighted Average Diluted Shares Outstanding	3.46M	3.59M	3.65M	3.74M	4.02M	3.78M	4.17M	4.03M	5.60M	12.00M	33.42M
Weighted Average Basic & Diluted Shares Outstanding	70.32M	3.67M	3.72M	3.81M	3.88M	3.98M	4.02M	4.10M	33.39M	33.42M	33.59M

This table details how cash moves in and out of Rent the Runway's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	1/31/2020	1/31/2021	1/31/2022	1/31/2023	1/31/2024	1/31/2025	1/31/2026
Net Change in Cash & Equivalents	1.70	67	150	-96	-70	-7.50	-27
Net Cash From Operating Activities	-38	-43	-42	-48	-16	13	3.50
Net Cash From Continuing Operating Activities	-38	-43	-42	-48	-16	13	3.50
Net Income / (Loss) Continuing Operations	-154	-171	-212	-139	-113	-70	23
Consolidated Net Income / (Loss)	-154	-171	-212	-139	-113	-70	23
Depreciation Expense	83	80	65	16	59	13	53
Amortization Expense	4.00	5.00	5.90	4.30	12	27	-3.30
Non-Cash Adjustments To Reconcile Net Income	-14	42	91	75	32	47	-79
Changes in Operating Assets and Liabilities, net	43	1.40	7.70	-4.60	-4.40	-3.30	10
Net Cash From Investing Activities	-139	-58	-23	-44	-55	-20	-50
Net Cash From Continuing Investing Activities	-139	-58	-23	-44	-55	-20	-50
Purchase of Property, Plant & Equipment	-118	-55	-31	-62	-78	-49	-76
Sale of Property, Plant & Equipment	19	18	13	18	23	28	28
Other Investing Activities, net	-40	-21	-4.60	-0.10	0.00	1.00	-2.00
Net Cash From Financing Activities	178	169	215	-4.00	0.70	-0.30	19
Net Cash From Continuing Financing Activities	178	169	215	-4.00	0.70	-0.30	19
Repayment of Debt	-94	-62	-142	-4.00	-0.90	-2.30	-15
Repurchase of Common Equity	-	-	-	-	0.00	0.00	-0.40
Issuance of Debt	136	170	5.00	0.00	1.60	2.00	21
Issuance of Common Equity	0.00	0.00	327	-	0.00	0.00	13
Cash Interest Paid	1.60	3.70	10	20	9.80	0.00	0.10

This table details how cash moves in and out of Rent the Runway's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026	4/30/2026
Net Change in Cash & Equivalents	-18	-22	-2.00	-5.40	-3.50	3.40	-7.10	-27	7.20	-0.30	-14
Net Cash From Operating Activities	-3.60	-8.00	4.60	2.20	4.70	1.40	8.30	-11	-1.40	7.10	-3.80
Net Cash From Continuing Operating Activities	-3.60	-7.90	4.60	2.20	4.70	1.40	8.30	-11	-1.40	7.10	-3.80
Net Income / (Loss) Continuing Operations	-32	-25	-22	-16	-19	-13	-26	-26	77	-1.40	-19
Consolidated Net Income / (Loss)	-32	-25	-22	-16	-19	-13	-26	-26	77	-1.40	-19
Depreciation Expense	16	16	15	15	15	14	2.70	2.60	35	13	12
Amortization Expense	1.80	6.50	6.40	6.70	6.90	7.00	6.90	-3.90	-3.80	-2.50	-2.20
Non-Cash Adjustments To Reconcile Net Income	1.00	4.40	0.90	0.80	0.70	1.00	9.20	17	-103	-2.80	2.50
Changes in Operating Assets and Liabilities, net	9.60	-9.80	4.70	-5.00	0.80	-6.80	16	0.20	-6.70	1.20	2.40
Net Cash From Investing Activities	-14	-15	-6.00	-6.70	-8.10	0.70	-15	-16	-12	-6.60	-9.80
Net Cash From Continuing Investing Activities	-14	-15	-6.00	-6.70	-8.10	0.70	-15	-16	-12	-6.60	-9.80
Purchase of Property, Plant & Equipment	-20	-22	-13	-13	-15	-7.80	-19	-23	-20	-14	-15
Sale of Property, Plant & Equipment	5.40	7.10	6.80	6.80	6.50	8.00	4.90	6.90	7.90	8.70	6.40
Other Investing Activities, net	0.50	-0.50	0.30	-0.30	0.50	0.50	-0.30	-0.20	-0.20	-1.30	-1.00
Net Cash From Financing Activities	-0.10	1.10	-0.60	-0.90	-0.10	1.30	-0.70	-0.70	21	-0.80	-0.20
Net Cash From Continuing Financing Activities	-0.10	1.10	-0.60	-0.90	-0.10	1.30	-0.70	-0.70	21	-0.80	-0.20
Repayment of Debt	-0.10	-0.50	-0.60	-0.90	-0.10	-0.70	-0.70	-0.70	-13	-0.60	-0.40
Issuance of Common Equity	-	-	-	-	-	-	0.00	-	-	-	0.20
Cash Interest Paid	-	-	-	-	-	-	0.00	-	-	-	2.80

This table presents Rent the Runway's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	1/31/2021	1/31/2022	1/31/2023	1/31/2024	1/31/2025	1/31/2026
Total Assets	321	448	336	279	240	221
Total Current Assets	103	265	172	102	94	67
Cash & Equivalents	95	248	155	84	77	50
Restricted Cash	3.40	5.40	3.10	5.20	4.70	4.50
Prepaid Expenses	4.70	12	15	13	12	12
Plant, Property, & Equipment, net	65	57	45	36	28	24
Total Noncurrent Assets	153	126	119	141	118	130
Intangible Assets	7.80	6.40	4.10	3.40	2.40	2.00
Other Noncurrent Operating Assets	145	119	115	137	115	128
Total Liabilities & Shareholders' Equity	321	448	336	279	240	221
Total Liabilities	459	376	372	401	423	257
Total Current Liabilities	41	69	60	48	47	63
Accounts Payable	7.20	16	12	5.80	6.20	9.90
Accrued Expenses	14	30	24	22	26	36
Current Deferred Revenue	5.60	10	12	11	10	12
Other Current Liabilities	14	13	6.80	9.70	4.70	5.60
Total Noncurrent Liabilities	419	308	312	353	375	194
Long-Term Debt	355	261	273	307	334	157
Capital Lease Obligations	-	-	38	45	-	36
Other Noncurrent Operating Liabilities	64	47	0.70	0.70	41	1.60
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-527	71	-35	-122	-183	-36
Total Preferred & Common Equity	-527	71	-35	-122	-183	-36
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-527	71	-35	-122	-183	-36
Common Stock	63	872	905	931	941	1,064
Retained Earnings	-589	-801	-940	-1,053	-1,123	-1,100

This table presents Rent the Runway's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	7/31/2023	10/31/2023	4/30/2024	7/31/2024	10/31/2024	4/30/2025	7/31/2025	10/31/2025	4/30/2026
Total Assets	304	310	278	257	252	245	219	231	213
Total Current Assets	138	121	99	93	88	87	63	67	55
Cash & Equivalents	124	106	82	77	74	70	44	51	37
Restricted Cash	4.20	4.80	5.20	5.20	4.60	5.10	4.70	4.50	4.00
Prepaid Expenses	9.60	11	12	11	9.60	12	15	12	14
Plant, Property, & Equipment, net	40	38	33	32	30	27	25	24	23
Total Noncurrent Assets	127	152	146	133	134	131	131	140	135
Intangible Assets	3.90	3.80	3.10	3.00	2.80	2.40	2.40	2.30	1.90
Other Noncurrent Operating Assets	123	148	143	130	131	129	128	138	133
Total Liabilities & Shareholders' Equity	304	310	278	257	252	245	219	231	213
Total Liabilities	380	413	420	412	423	452	451	266	266
Total Current Liabilities	53	66	62	48	54	71	68	69	73
Accounts Payable	10	22	16	9.90	11	17	9.20	13	13
Accrued Expenses	21	22	22	18	21	31	36	32	39
Current Deferred Revenue	11	12	13	11	12	13	12	13	15
Other Current Liabilities	11	6.30	6.00	9.90	10	11	11	11	5.70
Total Noncurrent Liabilities	327	347	358	364	369	381	383	198	193
Long-Term Debt	291	300	313	320	327	341	344	159	157
Capital Lease Obligations	-	47	44	43	42	40	38	37	34
Other Noncurrent Operating Liabilities	37	0.70	0.70	0.60	0.50	0.80	0.60	1.40	1.80
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-76	-103	-141	-155	-171	-207	-232	-35	-53
Total Preferred & Common Equity	-76	-103	-141	-155	-171	-207	-232	-35	-53
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-76	-103	-141	-155	-171	-207	-232	-35	-53
Common Stock	921	926	934	936	938	942	943	1,064	1,066
Retained Earnings	-997	-1,028	-1,075	-1,091	-1,110	-1,149	-1,176	-1,099	-1,119

This table displays calculated financial ratios and metrics derived from Rent the Runway's official financial filings.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	1/31/2020	1/31/2021	1/31/2022	1/31/2023	1/31/2024	1/31/2025	1/31/2026
DEI Shares Outstanding	0.00	0.00	63,036,255.00	65,022,787.00	70,321,676.00	-	33,390,904.00
DEI Adjusted Shares Outstanding	0.00	0.00	3,151,813.00	3,251,139.00	3,516,084.00	-	33,390,904.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	0.00	-67.20	-42.66	-32.19	-	0.68
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	-38.69%	29.08%	45.79%	0.61%	2.68%	7.71%
EBITDA Growth	0.00%	9.32%	-95.12%	-7.25%	89.07%	176.18%	44.07%
EBIT Growth	0.00%	4.77%	-18.56%	30.50%	22.33%	42.75%	-17.40%
NOPAT Growth	0.00%	-0.38%	3.52%	17.71%	22.78%	40.63%	-72.17%
Net Income Growth	0.00%	-11.18%	-23.79%	34.51%	18.39%	38.25%	132.33%
EPS Growth	0.00%	-9.40%	-23.79%	34.51%	18.39%	44.11%	110.67%
Operating Cash Flow Growth	0.00%	-13.83%	1.17%	-12.77%	67.09%	182.17%	-72.87%
Free Cash Flow Firm Growth	0.00%	0.00%	76.46%	-135.47%	35.99%	96.16%	-334.46%
Invested Capital Growth	0.00%	0.00%	-33.02%	55.01%	14.88%	-21.64%	46.60%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	3.96%	0.13%	0.20%	4.86%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	1.09%	65.10%	383.80%	-273.68%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	11.75%	-1.02%	21.18%	9.04%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	10.46%	-1.91%	19.63%	6.74%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	8.63%	1.22%	14.02%	113.21%
EPS Q/Q Growth	0.00%	0.00%	0.00%	8.63%	1.22%	12.94%	-1.05%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-30.56%	18.04%	1.88%	268.57%	259.09%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	37.83%	88.01%	-85.25%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	69.63%	2.93%	-7.40%	-4.25%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	54.03%	66.35%	69.55%	68.89%	71.16%	72.96%	73.17%
EBITDA Margin	-16.70%	-24.70%	-37.33%	-27.46%	-2.98%	13.16%	-1.00%
Operating Margin	-50.60%	-82.86%	-61.93%	-34.95%	-26.83%	-15.51%	-17.43%
EBIT Margin	-50.64%	-78.67%	-72.26%	-34.45%	-26.59%	-14.83%	-16.16%
Profit (Net Income) Margin	-59.91%	-108.63%	-104.18%	-46.79%	-37.96%	-22.83%	6.85%
Tax Burden Percent	99.87%	100.00%	99.86%	99.86%	100.18%	100.43%	99.56%
Interest Burden Percent	118.45%	138.10%	144.38%	136.04%	142.50%	153.30%	-42.59%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.44%
Return on Invested Capital (ROIC)	0.00%	-155.09%	-89.61%	-72.09%	-42.62%	-26.54%	-67.19%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-217.30%	-183.23%	-152.11%	-69.83%	-39.73%	-26.14%
Return on Net Nonoperating Assets (RNNOA)	0.00%	401.99%	717.16%	-702.77%	186.27%	72.40%	46.51%
Return on Equity (ROE)	0.00%	246.90%	627.56%	-774.86%	143.65%	45.87%	-20.68%
Cash Return on Invested Capital (CROIC)	0.00%	-355.09%	-50.06%	-115.23%	-56.47%	-2.27%	-104.98%
Operating Return on Assets (OROA)	0.00%	-38.63%	-38.25%	-26.06%	-25.80%	-17.51%	-23.12%
Return on Assets (ROA)	0.00%	-53.35%	-55.14%	-35.40%	-36.83%	-26.96%	9.80%
Return on Common Equity (ROCE)	0.00%	938.25%	4,235.77%	-774.86%	143.65%	45.87%	-20.68%
Return on Equity Simple (ROE_SIMPLE)	0.00%	32.49%	-297.89%	392.92%	0.00%	38.30%	0.00%
Net Operating Profit after Tax (NOPAT)	-91	-91	-88	-73	-56	-33	-57
NOPAT Margin	-35.42%	-58.00%	-43.35%	-24.47%	-18.78%	-10.86%	-17.36%
Net Nonoperating Expense Percent (NNEP)	0.00%	62.21%	93.62%	80.02%	27.21%	13.20%	-41.05%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-25.91%	-24.38%	-17.30%	-36.65%
Cost of Revenue to Revenue	45.97%	33.65%	30.45%	31.11%	28.84%	27.04%	26.83%
SG&A Expenses to Revenue	38.50%	49.02%	51.35%	36.77%	34.07%	28.35%	26.93%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	104.63%	149.21%	131.48%	103.85%	97.99%	88.47%	90.60%
Earnings before Interest and Taxes (EBIT)	-130	-124	-147	-102	-79	-45	-53
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-43	-39	-76	-81	-8.90	40	-3.30
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	5.12	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	5.62	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.39	2.27	1.79	0.94	0.13	0.10	0.71
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	10.43
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7.79%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	9.59%
Enterprise Value to Invested Capital (EV/IC)	0.00	8.50	4.71	3.57	2.15	2.94	3.68
Enterprise Value to Revenue (EV/Rev)	0.00	6.36	1.83	1.47	1.01	1.06	1.13
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	8.04	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	25.11	106.61
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.00	-2.56	3.67	-8.93	-2.88	-2.05	-5.33
Long-Term Debt to Equity	0.00	-2.56	3.67	-8.80	-2.88	-2.05	-5.33
Financial Leverage	0.00	-1.85	-3.91	4.62	-2.67	-1.82	-1.78
Leverage Ratio	0.00	-2.31	-11.38	21.89	-3.90	-1.70	-2.11
Compound Leverage Factor	0.00	-3.20	-16.43	29.78	-5.56	-2.61	0.90
Debt to Total Capital	0.00%	164.02%	78.58%	112.61%	153.24%	194.95%	123.11%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	1.57%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	164.02%	78.58%	111.04%	153.24%	194.95%	123.11%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	179.26%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	-243.28%	21.42%	-12.61%	-53.24%	-94.95%	-23.11%
Debt to EBITDA	0.00	-9.13	-3.44	-3.87	-39.55	9.30	-58.27
Net Debt to EBITDA	0.00	-6.59	-0.10	-1.94	-29.53	7.26	-41.64
Long-Term Debt to EBITDA	0.00	-9.13	-3.44	-3.82	-39.55	9.30	-58.27
Debt to NOPAT	0.00	-3.89	-2.96	-4.35	-6.29	-11.27	-3.36
Net Debt to NOPAT	0.00	-2.81	-0.09	-2.17	-4.69	-8.80	-2.40
Long-Term Debt to NOPAT	0.00	-3.89	-2.96	-4.29	-6.29	-11.27	-3.36
Altman Z-Score	0.00	-2.66	-2.03	-3.18	-4.87	-5.62	-5.71
Noncontrolling Interest Sharing Ratio	0.00%	-280.01%	-574.96%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.00	2.55	3.85	2.87	2.12	1.98	1.06
Quick Ratio	0.00	2.35	3.60	2.58	1.75	1.63	0.80
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-209	-49	-116	-74	-2.85	-89
Operating Cash Flow to CapEx	-38.21%	-115.68%	-236.31%	-107.92%	-28.75%	61.14%	7.37%
Free Cash Flow to Firm to Interest Expense	0.00	-4.43	-0.76	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-1.57	-0.91	-0.65	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-5.67	-1.69	-0.92	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.00	0.49	0.53	0.76	0.97	1.18	1.43
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	2.43	3.34	5.82	7.42	9.57	12.61
Accounts Payable Turnover	0.00	7.36	5.36	6.52	9.45	13.80	10.99
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	49.58	68.11	56.02	38.62	26.45	33.20
Cash Conversion Cycle (CCC)	0.00	-49.58	-68.11	-56.02	-38.62	-26.45	-33.20
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.00	118	79	122	141	110	101
Invested Capital Turnover	0.00	2.67	2.07	2.95	2.27	2.44	3.87
Increase / (Decrease) in Invested Capital	0.00	118	-39	43	18	-30	32
Enterprise Value (EV)	0.00	1,002	372	437	302	324	373
Market Capitalization	357	357	364	279	39	31	236
Book Value per Share	$0.00	($47.28)	$1.13	($0.54)	($1.74)	($47.01)	($1.08)
Tangible Book Value per Share	$0.00	($47.99)	$1.03	($0.61)	($1.79)	($47.63)	($1.14)
Total Capital	0.00	217	332	280	230	192	156
Total Debt	0.00	355	261	315	352	375	192
Total Long-Term Debt	0.00	355	261	311	352	375	192
Net Debt	0.00	256	7.80	158	263	293	137
Capital Expenditures (CapEx)	98	37	18	44	55	21	48
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-36	-57	-41	-35	-36	-51
Debt-free Net Working Capital (DFNWC)	0.00	63	196	117	54	47	3.50
Net Working Capital (NWC)	0.00	63	196	112	54	47	3.50
Net Nonoperating Expense (NNE)	63	80	124	66	57	37	-80
Net Nonoperating Obligations (NNO)	0.00	256	7.80	158	263	293	137
Total Depreciation and Amortization (D&A)	87	85	71	21	70	86	50
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-22.79%	-28.09%	-13.87%	-11.77%	-11.63%	-15.59%
Debt-free Net Working Capital to Revenue	0.00%	39.87%	96.36%	39.31%	18.14%	15.19%	1.06%
Net Working Capital to Revenue	0.00%	39.87%	96.36%	37.82%	18.14%	15.19%	1.06%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($170.20)	($43.20)	($33.12)	($18.51)	$1.89
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	1.24M	3.21M	3.42M	3.78M	11.96M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($170.20)	($43.20)	($33.12)	($18.51)	$1.88
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	1.24M	3.21M	3.42M	3.78M	12.00M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	3.20M	3.32M	3.67M	3.98M	33.42M
Normalized Net Operating Profit after Tax (NOPAT)	-91	-91	-88	-67	-54	-33	-57
Normalized NOPAT Margin	-35.42%	-58.00%	-43.35%	-22.65%	-18.05%	-10.81%	-17.36%
Pre Tax Income Margin	-59.98%	-108.63%	-104.33%	-46.86%	-37.89%	-22.73%	6.88%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	-5.42	-2.63	-2.25	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	-3.79	-1.94	-1.35	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-9.52	-3.41	-2.53	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-7.89	-2.72	-1.63	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.77%

This table displays calculated financial ratios and metrics derived from Rent the Runway's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026	4/30/2026
DEI Shares Outstanding	68,950,535.00	70,321,676.00	3,672,242.00	3,721,774.00	3,808,120.00	-	3,981,495.00	4,021,888.00	4,097,031.00	33,390,904.00	33,419,413.00
DEI Adjusted Shares Outstanding	3,447,527.00	3,516,084.00	3,672,242.00	3,721,774.00	3,808,120.00	-	3,981,495.00	4,021,888.00	4,097,031.00	33,390,904.00	33,419,413.00
DEI Earnings Per Adjusted Shares Outstanding	-9.14	-7.05	-5.99	-4.19	-4.96	-	-6.56	-6.56	18.67	-0.04	-0.57
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.33%	0.53%	1.08%	4.23%	4.69%	0.79%	-7.20%	2.53%	15.42%	20.03%	29.17%
EBITDA Growth	90.41%	126.36%	173.02%	881.25%	311.36%	134.24%	-317.39%	-266.40%	102.15%	126.94%	16.00%
EBIT Growth	19.33%	-6.18%	23.00%	45.40%	41.01%	64.55%	-19.51%	-105.26%	0.00%	79.10%	5.10%
NOPAT Growth	18.89%	-8.43%	22.54%	45.14%	37.44%	60.10%	-19.39%	-109.38%	-68.93%	80.52%	0.00%
Net Income Growth	12.74%	5.34%	26.91%	41.79%	40.00%	45.97%	-18.64%	-69.23%	504.76%	89.55%	27.59%
EPS Growth	12.74%	5.34%	34.03%	47.41%	48.29%	51.03%	-3.81%	-57.07%	390.43%	96.45%	90.89%
Operating Cash Flow Growth	43.75%	3.61%	239.39%	375.00%	230.56%	117.50%	80.43%	-577.27%	-129.79%	407.14%	-145.78%
Free Cash Flow Firm Growth	8.57%	43.23%	-250.08%	-146.54%	110.05%	178.87%	132.40%	123.18%	-138.70%	-150.37%	-162.01%
Invested Capital Growth	89.32%	14.88%	67.85%	46.14%	-12.89%	-21.64%	-26.32%	-19.65%	-11.02%	46.60%	-0.72%
Revenue Q/Q Growth	-4.23%	4.55%	-1.06%	5.20%	-3.80%	0.66%	-8.90%	16.24%	8.28%	4.68%	-1.96%
EBITDA Q/Q Growth	-175.00%	177.27%	111.33%	171.74%	-25.60%	49.46%	69.04%	-108.00%	190.38%	-53.72%	-196.55%
EBIT Q/Q Growth	-24.71%	12.90%	13.23%	42.07%	-34.74%	47.66%	-192.54%	0.51%	34.36%	89.06%	-1,228.57%
NOPAT Q/Q Growth	-25.14%	11.87%	14.51%	41.82%	-42.71%	43.80%	-155.84%	-2.03%	-15.14%	93.52%	-1,213.33%
Net Income Q/Q Growth	-17.54%	21.27%	11.29%	29.09%	-21.15%	29.10%	-94.78%	-1.15%	389.77%	-101.83%	-1,250.00%
EPS Q/Q Growth	-17.54%	21.27%	16.83%	30.85%	-12.71%	28.14%	-85.21%	0.46%	308.40%	-100.88%	-375.00%
Operating Cash Flow Q/Q Growth	-350.00%	-122.22%	157.50%	-52.17%	113.64%	-70.21%	492.86%	-226.51%	86.67%	607.14%	-153.52%
Free Cash Flow Firm Q/Q Growth	-320.74%	60.23%	-105.46%	28.29%	117.14%	212.23%	-68.02%	-48.70%	-128.62%	-972.58%	60.63%
Invested Capital Q/Q Growth	57.44%	2.93%	-5.62%	-4.45%	-6.16%	-7.40%	41.39%	4.20%	3.93%	-4.25%	-4.24%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	70.34%	73.48%	72.53%	73.89%	71.81%	73.56%	70.69%	72.19%	72.60%	76.44%	73.75%
EBITDA Margin	-6.07%	4.49%	6.13%	15.84%	12.25%	18.19%	-14.37%	-25.71%	21.46%	9.49%	-9.34%
Operating Margin	-30.21%	-25.46%	-22.00%	-12.17%	-18.05%	-10.08%	-28.30%	-24.85%	-18.49%	-1.64%	-21.91%
EBIT Margin	-29.93%	-24.93%	-21.87%	-12.04%	-16.86%	-8.77%	-28.16%	-24.10%	-14.61%	-1.53%	-20.69%
Profit (Net Income) Margin	-43.45%	-32.72%	-29.33%	-19.77%	-24.90%	-17.54%	-37.50%	-32.63%	87.33%	-1.53%	-21.02%
Tax Burden Percent	99.37%	102.06%	100.00%	100.65%	100.00%	101.52%	100.77%	100.00%	100.00%	93.33%	100.00%
Interest Burden Percent	146.08%	128.57%	134.15%	163.16%	147.66%	197.01%	132.14%	135.38%	-597.66%	107.14%	101.61%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-60.37%	-40.45%	-43.52%	-24.12%	-30.24%	-17.24%	-51.76%	-46.09%	-51.77%	-4.43%	-55.16%
ROIC Less NNEP Spread (ROIC-NNEP)	-70.07%	-45.82%	-48.63%	-28.12%	-33.76%	-20.12%	-56.01%	-50.10%	-8.75%	-4.61%	-57.41%
Return on Net Nonoperating Assets (RNNOA)	187.00%	122.22%	100.62%	54.16%	65.24%	36.67%	93.04%	79.72%	18.28%	8.21%	100.34%
Return on Equity (ROE)	126.62%	81.78%	57.10%	30.04%	35.01%	19.43%	41.28%	33.62%	-33.48%	3.78%	45.17%
Cash Return on Invested Capital (CROIC)	-114.43%	-56.47%	-100.42%	-81.64%	-18.61%	-2.27%	-0.51%	-15.70%	-42.98%	-104.98%	-58.55%
Operating Return on Assets (OROA)	-26.31%	-24.19%	-21.59%	-12.95%	-18.34%	-10.36%	-32.35%	-30.64%	-19.04%	-2.18%	-31.63%
Return on Assets (ROA)	-38.20%	-31.74%	-28.96%	-21.27%	-27.09%	-20.72%	-43.08%	-41.48%	113.82%	-2.18%	-32.14%
Return on Common Equity (ROCE)	126.62%	81.78%	57.10%	30.04%	35.01%	19.43%	41.28%	33.62%	-33.48%	3.78%	45.17%
Return on Equity Simple (ROE_SIMPLE)	111.70%	0.00%	74.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-15	-14	-12	-6.72	-9.59	-5.39	-14	-14	-16	-1.05	-14
NOPAT Margin	-21.14%	-17.82%	-15.40%	-8.52%	-12.64%	-7.06%	-19.81%	-17.39%	-18.49%	-1.15%	-15.34%
Net Nonoperating Expense Percent (NNEP)	9.69%	5.37%	5.10%	4.00%	3.52%	2.88%	4.25%	4.01%	-43.02%	0.18%	2.25%
Return On Investment Capital (ROIC_SIMPLE)	-	-5.88%	-5.25%	-3.22%	-4.85%	-2.80%	-7.96%	-9.37%	-10.06%	-0.67%	-9.99%
Cost of Revenue to Revenue	29.66%	26.52%	27.47%	26.11%	28.20%	26.44%	29.31%	27.81%	27.40%	23.56%	26.25%
SG&A Expenses to Revenue	33.66%	32.72%	30.40%	28.14%	27.93%	26.96%	29.74%	30.41%	25.91%	22.68%	26.03%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	100.55%	98.94%	94.53%	86.06%	89.86%	83.64%	98.99%	97.03%	91.10%	78.08%	95.66%
Earnings before Interest and Taxes (EBIT)	-22	-19	-16	-9.50	-13	-6.70	-20	-20	-13	-1.40	-19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-4.40	3.40	4.60	13	9.30	14	-10	-21	19	8.70	-8.40
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.12	0.13	0.12	0.18	0.10	0.10	0.05	0.06	0.05	0.71	0.44
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.58	10.43	5.23
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	13.49%	7.79%	11.81%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	63.41%	9.59%	19.14%
Enterprise Value to Invested Capital (EV/IC)	2.02	2.15	2.35	2.66	2.70	2.94	3.28	3.47	1.49	3.68	3.16
Enterprise Value to Revenue (EV/Rev)	0.93	1.01	1.04	1.11	1.05	1.06	1.07	1.17	0.50	1.13	0.87
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	8.04	0.00	0.00	82.96	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	91.85	25.11	19.33	90.64	0.00	106.61	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-3.41	-2.88	-2.56	-2.35	-2.15	-2.05	-1.84	-1.65	-5.59	-5.33	-3.59
Long-Term Debt to Equity	-3.38	-2.88	-2.53	-2.35	-2.15	-2.05	-1.84	-1.65	-5.59	-5.33	-3.59
Financial Leverage	-2.67	-2.67	-2.07	-1.93	-1.93	-1.82	-1.66	-1.59	-2.09	-1.78	-1.75
Leverage Ratio	-5.42	-3.90	-3.06	-2.44	-2.05	-1.70	-1.50	-1.23	-2.34	-2.11	-1.76
Compound Leverage Factor	-7.92	-5.01	-4.11	-3.98	-3.03	-3.35	-1.99	-1.67	13.98	-2.26	-1.79
Debt to Total Capital	141.50%	153.24%	164.29%	174.10%	186.64%	194.95%	219.57%	254.63%	121.80%	123.11%	138.60%
Short-Term Debt to Total Capital	1.25%	0.00%	1.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	140.25%	153.24%	162.60%	174.10%	186.64%	194.95%	219.57%	254.63%	121.80%	123.11%	138.60%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-41.50%	-53.24%	-64.29%	-74.10%	-86.64%	-94.95%	-119.57%	-154.63%	-21.80%	-23.11%	-38.60%
Debt to EBITDA	-13.72	-39.55	-8.60	-13.01	-25.97	9.30	-18.55	-50.29	103.21	-58.27	-112.59
Net Debt to EBITDA	-9.38	-29.53	-6.52	-10.08	-20.43	7.26	-14.87	-43.93	74.16	-41.64	-88.41
Long-Term Debt to EBITDA	-13.60	-39.55	-8.51	-13.01	-25.97	9.30	-18.55	-50.29	103.21	-58.27	-112.59
Debt to NOPAT	-6.37	-6.29	-6.86	-7.71	-8.91	-11.27	-10.72	-8.92	-3.19	-3.36	-3.32
Net Debt to NOPAT	-4.35	-4.69	-5.20	-5.97	-7.01	-8.80	-8.59	-7.79	-2.30	-2.40	-2.61
Long-Term Debt to NOPAT	-6.31	-6.29	-6.79	-7.71	-8.91	-11.27	-10.72	-8.92	-3.19	-3.36	-3.32
Altman Z-Score	-3.64	-4.16	-4.31	-4.59	-4.92	-5.09	-5.50	-6.43	-5.45	-4.93	-5.76
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.85	2.12	1.61	1.92	1.65	1.98	1.22	0.93	0.97	1.06	0.75
Quick Ratio	1.62	1.75	1.33	1.59	1.39	1.63	0.99	0.64	0.74	0.80	0.51
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-80	-32	-65	-47	8.01	25	21	11	-3.10	-33	-13
Operating Cash Flow to CapEx	-24.66%	-55.17%	73.02%	34.38%	54.65%	0.00%	57.64%	-66.46%	-11.67%	133.96%	-43.18%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-11.63	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.82	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	-0.30	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.88	0.97	0.99	1.08	1.09	1.18	1.15	1.27	1.30	1.43	1.53
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	6.95	7.42	7.95	8.43	9.12	9.57	9.99	10.64	11.76	12.61	13.98
Accounts Payable Turnover	3.75	9.45	4.81	8.24	5.00	13.80	5.01	8.85	7.48	10.99	6.11
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	97.22	38.62	75.84	44.30	73.04	26.45	72.91	41.25	48.82	33.20	59.71
Cash Conversion Cycle (CCC)	-97.22	-38.62	-75.84	-44.30	-73.04	-26.45	-72.91	-41.25	-48.82	-33.20	-59.71
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	137	141	133	127	119	110	98	102	106	101	97
Invested Capital Turnover	2.86	2.27	2.83	2.83	2.39	2.44	2.61	2.65	2.80	3.87	3.60
Increase / (Decrease) in Invested Capital	64	18	54	40	-18	-30	-35	-25	-13	32	-0.70
Enterprise Value (EV)	276	302	311	337	321	324	321	353	158	373	306
Market Capitalization	37	39	37	55	31	31	16	20	17	236	156
Book Value per Share	($1.49)	($1.74)	($38.48)	($41.51)	($44.96)	($47.01)	($52.02)	($57.71)	($8.57)	($1.08)	($1.59)
Tangible Book Value per Share	($1.54)	($1.79)	($39.32)	($42.32)	($45.69)	($47.63)	($52.62)	($58.31)	($9.13)	($1.14)	($1.65)
Total Capital	247	230	220	209	198	192	173	150	161	156	138
Total Debt	350	352	361	363	369	375	380	382	196	192	191
Total Long-Term Debt	347	352	357	363	369	375	380	382	196	192	191
Net Debt	239	263	274	281	290	293	305	334	141	137	150
Capital Expenditures (CapEx)	15	15	6.30	6.40	8.60	-0.20	14	16	12	5.30	8.80
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-52	-35	-46	-38	-44	-36	-60	-53	-57	-51	-59
Debt-free Net Working Capital (DFNWC)	59	54	41	44	35	47	16	-5.00	-1.90	3.50	-18
Net Working Capital (NWC)	56	54	38	44	35	47	16	-5.00	-1.90	3.50	-18
Net Nonoperating Expense (NNE)	16	11	10	8.88	9.31	8.01	12	12	-93	0.35	5.11
Net Nonoperating Obligations (NNO)	239	263	274	281	290	293	305	334	141	137	150
Total Depreciation and Amortization (D&A)	17	22	21	22	22	21	9.60	-1.30	32	10	10
Debt-free, Cash-free Net Working Capital to Revenue	-17.39%	-11.77%	-15.32%	-12.41%	-14.37%	-11.63%	-19.85%	-17.60%	-18.16%	-15.59%	-16.91%
Debt-free Net Working Capital to Revenue	19.78%	18.14%	13.85%	14.66%	11.39%	15.19%	5.25%	-1.65%	-0.60%	1.06%	-5.17%
Net Working Capital to Revenue	18.74%	18.14%	12.61%	14.66%	11.39%	15.19%	5.25%	-1.65%	-0.60%	1.06%	-5.17%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($9.00)	($138.20)	($6.03)	($4.17)	($4.94)	($3.55)	($6.58)	($6.55)	$13.69	($0.12)	($0.57)
Adjusted Weighted Average Basic Shares Outstanding	3.46M	179.58K	3.65M	3.74M	3.82M	3.78M	3.97M	4.03M	5.59M	11.96M	33.42M
Adjusted Diluted Earnings per Share	($9.00)	($138.20)	($6.03)	($4.17)	($4.94)	($3.55)	($6.58)	($6.55)	$13.65	($0.12)	($0.57)
Adjusted Weighted Average Diluted Shares Outstanding	3.46M	179.58K	3.65M	3.74M	3.82M	3.78M	3.97M	4.03M	5.60M	12.00M	33.42M
Adjusted Basic & Diluted Earnings per Share	$0.00	($138.20)	$0.00	$0.00	$0.00	($3.55)	$0.00	$0.00	$0.00	($0.12)	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	3.52M	183.61K	3.72M	3.81M	3.88M	3.98M	4.02M	4.10M	33.39M	33.42M	33.59M
Normalized Net Operating Profit after Tax (NOPAT)	-15	-12	-11	-6.72	-9.59	-5.39	-14	-14	-11	-1.05	-14
Normalized NOPAT Margin	-21.14%	-15.98%	-15.21%	-8.52%	-12.64%	-7.06%	-19.81%	-17.39%	-12.95%	-1.15%	-15.34%
Pre Tax Income Margin	-43.72%	-32.06%	-29.33%	-19.65%	-24.90%	-17.28%	-37.21%	-32.63%	87.33%	-1.64%	-21.02%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	-2.93	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	-2.06	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	-4.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	-3.19	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.77%	0.00%

Financials Breakdown Chart

Rent the Runway Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Rent the Runway's financial year ends in January. Their financial year 2026 ended on January 31, 2026.

Rent the Runway's net income appears to be on a downward trend, with a most recent value of $22.60 million in 2025, falling from -$153.90 million in 2019. The previous period was -$69.90 million in 2024. See Rent the Runway's forecast for analyst expectations on what's next for the company.

Rent the Runway's total operating income in 2025 was -$57.50 million, based on the following breakdown:

Total Gross Profit: $241.30 million
Total Operating Expenses: $298.80 million

Over the last 6 years, Rent the Runway's total revenue changed from $256.90 million in 2019 to $329.80 million in 2025, a change of 28.4%.

Rent the Runway's total liabilities were at $257.10 million at the end of 2025, a 39.1% decrease from 2024, and a 44.0% decrease since 2020.

In the past 5 years, Rent the Runway's cash and equivalents has ranged from $50.40 million in 2025 to $247.60 million in 2021, and is currently $50.40 million as of their latest financial filing in 2025.

Over the last 6 years, Rent the Runway's book value per share changed from 0.00 in 2019 to -1.08 in 2025, a change of -108.1%.

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Financial statements for NASDAQ:RENT last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Rent the Runway (RENT) Financials

Financials Breakdown Chart

Rent the Runway Financials - Frequently Asked Questions

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Rent the Runway (RENT) Financials

Annual Income Statements for Rent the Runway

Quarterly Income Statements for Rent the Runway

Annual Cash Flow Statements for Rent the Runway

Quarterly Cash Flow Statements for Rent the Runway

Annual Balance Sheets for Rent the Runway

Quarterly Balance Sheets for Rent the Runway

Annual Metrics And Ratios for Rent the Runway

Quarterly Metrics And Ratios for Rent the Runway

Financials Breakdown Chart

Rent the Runway Financials - Frequently Asked Questions

When does Rent the Runway's fiscal year end?

How has Rent the Runway's net income changed over the last 6 years?

What is Rent the Runway's operating income?

How has Rent the Runway's revenue changed over the last 6 years?

How much debt does Rent the Runway have?

How much cash does Rent the Runway have?

How has Rent the Runway's book value per share changed over the last 6 years?

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