Quarterly ResultJun 3, 2026, 08:12 AM
Rent the Runway Q1 Revenue $89.9M (+29.2% YoY); Net Loss Narrows
AI Summary
Rent the Runway, Inc. announced its first quarter 2026 financial results, reporting a 29.2% year-over-year increase in revenue to $89.9 million, with add-on revenue growing 70.4%. The company also saw its net loss narrow to $(18.9) million and Adjusted EBITDA improve to $(0.8) million. Key leadership changes were announced, including the appointment of Teri Bariquit as Interim CEO and President. Rent the Runway reaffirmed its full-year 2026 guidance.
Key Highlights
- Revenue grew 29.2% YoY to $89.9M in Q1 2026.
- Add-on revenue increased 70.4% YoY.
- Net loss narrowed to $(18.9)M from $(26.1)M YoY.
- Adjusted EBITDA improved to $(0.8)M from $(1.3)M YoY.
- Ending Active Subscribers increased 5.8% YoY to 155,692.
- Gross Margin decreased to 25.9% from 31.5% YoY.
- Reaffirms FY26 guidance for Revenue, Adjusted EBITDA, and Rental Product Acquired.
- Teri Bariquit appointed Interim CEO and President; Paige Thomas named Chief Commercial Officer; Dave Loretta named Interim CFO.
Price Impact
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