| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 11.70 | 54.0% | 12.5% |
| Total Income | 11.70 | 54.0% | 12.5% |
| Expenditure | 101.00 | 13.1% | 14.1% |
| PBT | -26.40 | 1.9% | 70.3% |
| Net Profit | -26.40 | 1.1% | 69.2% |
| OPM | — | ||
| NPM | — | ||
| EPS | -6.55 | 0.5% | 57.1% |
Rent the Runway Reports Q2 2025 Revenue Up 2.5% YoY
04 May 2026 · 4 May, 9:06 am
Summary
Rent the Runway reported a 2.5% increase in revenue to $80.9 million for Q2 2025. Active subscribers grew by 13.4% year-over-year. However, gross profit decreased by 25.0% to $24.3 million, and the net loss increased to $(26.4) million. The company announced a recapitalization plan to reduce debt and extend maturity, aiming to improve financial flexibility.
Key Highlights
- 1
Rent the Runway's revenue increased by 2.5% year-over-year to $80.9 million in the second quarter of fiscal year 2025.
- 2
Ending Active Subscribers increased by 13.4% to 146,373 compared to the second quarter of fiscal year 2024.
- 3
Gross profit was $24.3 million, a decrease of 25.0% compared to $32.4 million in the second quarter of fiscal year 2024.
- 4
The company's net loss was $(26.4) million, compared to $(15.6) million in the second quarter of fiscal year 2024.
- 5
Adjusted EBITDA was $3.6 million, as compared to $13.7 million in the second quarter of fiscal year 2024.
- 6
The company announced a transformative recapitalization plan to reduce debt from $340 million to $120 million and extend maturity to 2029.
- 7
Engagement with new inventory in Q2 overperformed last year, with share of views up 84% YoY.
Management Comments
Jennifer Hyman
"We are at a pivotal moment for Rent the Runway with our recapitalization plan and continued business momentum," said Jennifer Hyman, Co-Founder and CEO of Rent the Runway. "Reducing our debt from $340 million to $120 million while extending maturity to 2029 gives us the financial flexibility we need to fully execute on our turnaround. The numbers speak for themselves – 13.4% year-over-year subscriber growth, customer satisfaction at its highest in three years, and engagement with our new inventory overperforming across every key metric. We're executing on our strategy and delivering results that position us for sustained growth."
Sid Thacker
"We are executing a turnaround and seeing strong signals that our strategy is working," said Sid Thacker, Chief Financial Officer of Rent the Runway. "We are feeling better about the health of our balance sheet, and look forward to re-introducing Rent the Runway to many investors and building trust in our future vision."
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