| Metric | Value ($ M) | Q1 FY26 |
|---|---|---|
| Revenue | 12.20 | 60.5% |
| Total Income | 12.20 | 60.5% |
| Expenditure | 109.60 | 22.7% |
| PBT | -18.90 | 27.0% |
| Net Profit | -18.90 | 27.6% |
| OPM | — | |
| NPM | — | |
| EPS | -0.57 | 91.3% |
Rent the Runway Announces Q1 2026 Results: Revenue Up 29.2% YoY to $89.9M
03 Jun 2026 · 3 Jun, 5:42 pm
Summary
Rent the Runway reported strong first quarter 2026 results with total revenue of $89.9 million, up 29.2% year-over-year, exceeding guidance. The company also saw significant growth in its add-on business, up 70.4% YoY. While still reporting a net loss of $(18.9) million, this represents an improvement from the previous year, and Adjusted EBITDA also showed improvement, coming in at $(0.8) million. Management expressed confidence in the company's strategy and reaffirmed full-year guidance.
Key Highlights
- 1
Total revenue for the first quarter of 2026 reached $89.9 million, an increase of 29.2% year-over-year.
- 2
Add-on revenue demonstrated significant growth, increasing by 70.4% year-over-year and 11.0% quarter-over-quarter.
- 3
The company reported a Net Loss of $(18.9) million for Q1 2026, an improvement from $(26.1) million in the prior year's quarter.
- 4
Adjusted EBITDA for Q1 2026 was $(0.8) million, an improvement from $(1.3) million in Q1 2025.
- 5
Ending Active Subscribers increased by 5.8% to 155,692 compared to the first quarter of fiscal year 2025.
- 6
The company reaffirms its fiscal year 2026 guidance for Revenue, Adjusted EBITDA, and Rental Product Acquired.
- 7
Rent the Runway announced key leadership appointments, including Teri Bariquit as Interim CEO and President.
Management Comments
Teri Bariquit
Rent the Runway is operating from a solid foundation, supported by a strong core business, a renewed capital structure aligned with our long-term ambitions, and diversified set of revenue streams. I'm honored to step into this leadership role at such an exciting moment. The team has built remarkable momentum, and this quarter's results reflect the strength of a strategy that is clearly resonating with our customers.
Sid Thacker
Q1 2026 was a strong start to fiscal year 2026, with revenue growth of 29.2% and continued evidence that our inventory investments are resonating with customers. With our underlying business drivers intact, we reaffirm our Revenue, Adjusted EBITDA, and Rental Product Acquired guidance for fiscal year 2026.
Informational and educational content only. Not investment advice.