| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 10.60 | 9.4% | 10.4% |
| Total Income | 10.60 | 9.4% | 10.4% |
| Expenditure | 103.80 | 2.8% | 15.8% |
| PBT | 76.50 | 389.8% | 504.8% |
| Net Profit | 76.50 | 389.8% | 504.8% |
| OPM | — | ||
| NPM | 100.00% | ||
| EPS | 13.69 | 309.0% | 377.1% |
Rent the Runway Reports Q3 2025 Revenue Up 15.4% YoY
04 May 2026 · 4 May, 6:55 am
Summary
Rent the Runway reported a 15.4% increase in revenue to $87.6 million for Q3 2025. Ending Active Subscribers increased by 12.4% year-over-year. The company achieved a net income of $76.5 million, which includes a one-time $96.3M Gain on Debt Restructuring. The company expects revenue between $323.1 million and $325.1 million for fiscal year 2025.
Key Highlights
- 1
Rent the Runway's revenue increased by 15.4% year-over-year to $87.6 million in the third quarter of fiscal year 2025.
- 2
Ending Active Subscribers increased by 12.4% year-over-year to 148,916 in Q3 2025.
- 3
The company's gross profit was $25.9 million, representing a (1.5)% change from the third quarter of fiscal year 2024.
- 4
Net income was $76.5 million, compared to a loss of $(18.9) million in the third quarter of fiscal year 2024, which includes a one-time $96.3M Gain on Debt Restructuring.
- 5
Adjusted EBITDA was $4.3 million, as compared to $9.3 million in the third quarter of fiscal year 2024.
- 6
The company expects revenue between $85 million and $87 million for the fiscal fourth quarter of 2025.
- 7
For fiscal year 2025, Rent the Runway expects revenue between $323.1 million and $325.1 million.
Management Comments
Jennifer Hyman
"This year we’ve repositioned ourselves for sustained growth in the category,” said Jennifer Hyman, Co-Founder and CEO of Rent the Runway. “Not only did we execute operationally on our stated goals to return to our customer-obsessed origins, reinvigorate our brand, and drive double-digit growth in subscribers (which were up +12% year-over-year in Q3); but we also restructured our balance sheet, closing the recapitalization transactions in October that offer improved financial flexibility to better position us for continued growth."
Sid Thacker
"We're pleased with the improved growth momentum we have seen this year," said Sid Thacker, Chief Financial Officer of Rent the Runway. "We look forward to continuing to delight our customers and to driving sustainable growth in the years ahead."
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