Rent the Runway, Inc.
RENT Nasdaq Retail-Retail Stores, Nec Financials FY2019โFY2025
Last close ยท Oct 23, 2026
$2.30
3.0%
Revenue
Total sales reported in the income statement.
$330M
7.7%
vs prior year
Operating margin
Operating income as a share of revenue.
โ17.4%
1.9ย pts
Net income
Profit after all expenses, interest and tax.
$22.6M
Free cash flow
Cash from operations minus capital spending.
โ
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
โ81.2%
31.3ย pts
Market cap
Last close times the latest diluted share count, so it is approximate.
$77.2M
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
0.2x
On $13.42 EPS (TTM)
What Rent the Runway, Inc. does
No business description yet.
- Legal name
- Rent the Runway, Inc.
- Fiscal year ends
- January 31, 2026
- Latest annual report
- 10-K ยท Apr 14, 2026
- Accession ยท CIK
- 0001468327-26-000020
0001468327
Revenue and margins
Rent the Runway, Inc. had $330M of revenue in fiscal 2025, up 7.7% on the year before.
FY19
Revenue $257M
FY20
Revenue $158M
FY21
Revenue $203M
FY22
Revenue $296M
FY23
Revenue $298M
FY24
Revenue $306M
FY25
Revenue $330M
Q3 '23
Revenue $72.5M
Q4 '23
Revenue $75.8M
Q1 '24
Revenue $75.0M
Q2 '24
Revenue $78.9M
Q3 '24
Revenue $75.9M
Q4 '24
Revenue $76.4M
Q1 '25
Revenue $69.6M
Q2 '25
Revenue $80.9M
Q3 '25
Revenue $87.6M
Q4 '25
Revenue $91.7M
Q1 '26
Revenue $89.9M
Q2 '26
Revenue $97.7M
FY19
Gross 54.0%
Operating โ50.6%
Net โ59.9%
FCF โ
FY20
Gross 66.3%
Operating โ82.9%
Net โ108.6%
FCF โ
FY21
Gross 69.6%
Operating โ61.9%
Net โ104.2%
FCF โ
FY22
Gross 68.9%
Operating โ35.0%
Net โ46.8%
FCF โ
FY23
Gross 71.2%
Operating โ26.8%
Net โ38.0%
FCF โ
FY24
Gross 73.0%
Operating โ15.5%
Net โ22.8%
FCF โ
FY25
Gross 73.2%
Operating โ17.4%
Net 6.9%
FCF โ
Gross
Operating
Net
FCF
Q3 '23
Gross 70.3%
Operating โ30.2%
Net โ43.4%
FCF โ
Q4 '23
Gross 73.5%
Operating โ25.5%
Net โ32.7%
FCF โ
Q1 '24
Gross 72.5%
Operating โ22.0%
Net โ29.3%
FCF โ
Q2 '24
Gross 73.9%
Operating โ12.2%
Net โ19.8%
FCF โ
Q3 '24
Gross 71.8%
Operating โ18.1%
Net โ24.9%
FCF โ
Q4 '24
Gross 73.6%
Operating โ10.1%
Net โ17.5%
FCF โ
Q1 '25
Gross 70.7%
Operating โ28.3%
Net โ37.5%
FCF โ
Q2 '25
Gross 72.2%
Operating โ24.8%
Net โ32.6%
FCF โ
Q3 '25
Gross 72.6%
Operating โ18.5%
Net 87.3%
FCF โ
Q4 '25
Gross 76.4%
Operating โ1.6%
Net โ1.5%
FCF โ
Q1 '26
Gross 73.7%
Operating โ21.9%
Net โ21.0%
FCF โ
Q2 '26
Gross 75.9%
Operating โ8.0%
Net โ13.2%
FCF โ
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY19
Net income โ$154M
FY20
Net income โ$171M
FY21
Net income โ$212M
FY22
Net income โ$139M
FY23
Net income โ$113M
FY24
Net income โ$69.9M
FY25
Net income $22.6M
Q3 '23
Net income โ$31.5M
Q4 '23
Net income โ$24.8M
Q1 '24
Net income โ$22.0M
Q2 '24
Net income โ$15.6M
Q3 '24
Net income โ$18.9M
Q4 '24
Net income โ$13.4M
Q1 '25
Net income โ$26.1M
Q2 '25
Net income โ$26.4M
Q3 '25
Net income $76.5M
Q4 '25
Net income โ$1.4M
Q1 '26
Net income โ$18.9M
Q2 '26
Net income โ$12.9M
FY19
Diluted EPS โ$14.04
FY20
Diluted EPS โ$15.36
FY21
Diluted EPS โ$170.30
FY22
Diluted EPS โ$43.17
FY23
Diluted EPS โ$31.52
FY24
Diluted EPS โ$17.62
FY25
Diluted EPS $1.88
Q3 '23
Diluted EPS โ$9.09
Q4 '23
Diluted EPS โ$5.36
Q1 '24
Diluted EPS โ$6.03
Q2 '24
Diluted EPS โ$4.17
Q3 '24
Diluted EPS โ$4.70
Q4 '24
Diluted EPS โ$2.72
Q1 '25
Diluted EPS โ$6.26
Q2 '25
Diluted EPS โ$6.23
Q3 '25
Diluted EPS $13.65
Q4 '25
Diluted EPS $0.72
Q1 '26
Diluted EPS โ$0.57
Q2 '26
Diluted EPS โ$0.38
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY19
Return on capital โ
Return on equity โ
Return on assets โ
FY20
Return on capital โ
Return on equity โ
Return on assets โ53.4%
FY21
Return on capital โ113.3%
Return on equity โ
Return on assets โ55.1%
FY22
Return on capital โ99.0%
Return on equity โ774.9%
Return on assets โ35.4%
FY23
Return on capital โ62.2%
Return on equity โ
Return on assets โ36.8%
FY24
Return on capital โ49.9%
Return on equity โ
Return on assets โ27.0%
FY25
Return on capital โ81.2%
Return on equity โ
Return on assets 9.8%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was โ in fiscal 2025, โ of revenue. Cash from operations minus capital spending.
FY19
Free cash flow โ
FY20
Free cash flow โ
FY21
Free cash flow โ
FY22
Free cash flow โ
FY23
Free cash flow โ
FY24
Free cash flow โ
FY25
Free cash flow โ
FY19
Cash from operations โ$37.6M
Capital spending โ
FY20
Cash from operations โ$42.8M
Capital spending โ
FY21
Cash from operations โ$42.3M
Capital spending โ
FY22
Cash from operations โ$47.7M
Capital spending โ
FY23
Cash from operations โ$15.7M
Capital spending โ
FY24
Cash from operations $12.9M
Capital spending โ
FY25
Cash from operations $3.5M
Capital spending โ
Cash from operations
Capital spending
Q3 '23
Cash from operations โ$3.6M
Capital spending โ
Q4 '23
Cash from operations โ$8.0M
Capital spending โ
Q1 '24
Cash from operations $4.6M
Capital spending โ
Q2 '24
Cash from operations $2.2M
Capital spending โ
Q3 '24
Cash from operations $4.7M
Capital spending โ
Q4 '24
Cash from operations $1.4M
Capital spending โ
Q1 '25
Cash from operations $8.3M
Capital spending โ
Q2 '25
Cash from operations โ$10.5M
Capital spending โ
Q3 '25
Cash from operations โ$1.4M
Capital spending โ
Q4 '25
Cash from operations $7.1M
Capital spending โ
Q1 '26
Cash from operations โ$3.8M
Capital spending โ
Q2 '26
Cash from operations โ$1.2M
Capital spending โ
Cash from operations
Capital spending
Dividends, buybacks and share count
Rent the Runway, Inc. returned โ to shareholders in fiscal 2025. The diluted share count rose 202.4%.
FY19
Dividends โ
Buybacks โ
FY20
Dividends โ
Buybacks โ
FY21
Dividends โ
Buybacks โ
FY22
Dividends โ
Buybacks โ
FY23
Dividends โ
Buybacks โ
FY24
Dividends โ
Buybacks โ
FY25
Dividends โ
Buybacks โ
Dividends
Buybacks
FY19
Diluted shares 0.01B
FY20
Diluted shares 0.01B
FY21
Diluted shares 0.00B
FY22
Diluted shares 0.00B
FY23
Diluted shares 0.00B
FY24
Diluted shares 0.00B
FY25
Diluted shares 0.01B
Balance sheet
Cash, debt and the ratios that show how comfortably Rent the Runway, Inc. can carry it.
FY19
Cash $31.4M
Debt โ
FY20
Cash $95.3M
Debt $356M
FY21
Cash $248M
Debt $265M
FY22
Cash $155M
Debt $274M
FY23
Cash $84.0M
Debt $309M
FY24
Cash $77.4M
Debt $336M
FY25
Cash $50.4M
Debt $158M
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $248M | $155M | $84.0M | $77.4M | $50.4M |
| Debt incl. finance leases | $265M | $274M | $309M | $336M | $158M |
| Debt / equity | 3.7x | โ | โ | โ | โ |
| Current ratio | 3.8x | 2.9x | 2.1x | 2.0x | 1.1x |
| Quick ratio | 3.8x | 2.9x | 2.1x | 2.0x | 1.1x |
| Total assets | $448M | $336M | $279M | $240M | $221M |
| Total liabilities | $376M | $372M | $401M | $423M | $257M |
| Shareholders' equity | $71.1M | โ$35.3M | โ$122M | โ$183M | โ$36.1M |
| Net debt (โ = net cash) | $17.4M | $119M | $225M | $258M | $107M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. โPlanโ marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
โ
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8โ9 is strong, 0โ2 weak.
| Test | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income is positive | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations is positive | โ | โ | โ | โ | โ | โ | โ |
| Return on assets rose | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations exceeds net income | โ | โ | โ | โ | โ | โ | โ |
| Debt fell relative to assets | โ | โ | โ | โ | โ | โ | โ |
| Current ratio rose | โ | โ | โ | โ | โ | โ | โ |
| Share count didn't rise | โ | โ | โ | โ | โ | โ | โ |
| Gross margin rose | โ | โ | โ | โ | โ | โ | โ |
| Revenue rose relative to assets | โ | โ | โ | โ | โ | โ | โ |
| F-score | โ / 3 | โ / 5 | 6 / 9 | 3 / 9 | 4 / 9 | 5 / 9 | 6 / 9 |
| Accruals ratio | โ | โ40.0% | โ44.1% | โ23.2% | โ31.7% | โ31.9% | 8.3% |
| Altman Z'' | โ | โ8.65 | โ4.66 | โ9.10 | โ13.30 | โ15.77 | โ18.02 |
7 years of figures
Amounts in USD. Hover a ratioโs name for its definition.
| Fiscal year | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | $257M | $158M | $203M | $296M | $298M | $306M | $330M |
| Net interest income | โ$24.0M | โ$46.6M | โ$53.0M | โ$36.8M | โ$33.7M | โ | โ |
| Gross profit | $139M | $105M | $141M | $204M | $212M | $223M | $241M |
| Operating income | โ$130M | โ$131M | โ$126M | โ$104M | โ$80.0M | โ$47.5M | โ$57.5M |
| Pretax income | โ$154M | โ$171M | โ$212M | โ$139M | โ$113M | โ$69.6M | $22.7M |
| Income tax | โ$0.2M | $0.0M | โ$0.3M | โ$0.2M | $0.2M | $0.3M | $0.1M |
| Net income | โ$154M | โ$171M | โ$212M | โ$139M | โ$113M | โ$69.9M | $22.6M |
| Diluted EPS | โ$14.04 | โ$15.36 | โ$170.30 | โ$43.17 | โ$31.52 | โ$17.62 | $1.88 |
| Diluted shares | 0.01B | 0.01B | 0.00B | 0.00B | 0.00B | 0.00B | 0.01B |
| Cash flow | |||||||
| Cash from operations | โ$37.6M | โ$42.8M | โ$42.3M | โ$47.7M | โ$15.7M | $12.9M | $3.5M |
| Depreciation and amortization | $16.5M | $18.4M | $14.8M | $12.7M | $12.0M | $10.3M | $8.4M |
| Stock-based compensation | $6.8M | $8.2M | $26.6M | $25.4M | $26.2M | $9.7M | $4.2M |
| Balance sheet | |||||||
| Cash and short-term investments | $31.4M | $95.3M | $248M | $155M | $84.0M | $77.4M | $50.4M |
| Total debt | โ | $356M | $264M | $273M | $308M | $335M | $157M |
| Finance lease liabilities | โ | โ | $0.7M | $1.1M | $1.0M | $0.6M | $0.8M |
| Current assets | โ | $103M | $265M | $172M | $102M | $93.9M | $66.7M |
| Current liabilities | โ | $40.6M | $68.8M | $60.0M | $48.1M | $47.4M | $63.2M |
| Property and equipment, net | โ | $64.7M | $57.2M | $44.7M | $35.7M | $28.3M | $24.0M |
| Intangible assets | โ | $7.8M | $6.4M | $4.1M | $3.4M | $2.4M | $2.0M |
| Total assets | โ | $321M | $448M | $336M | $279M | $240M | $221M |
| Total liabilities | โ | $459M | $376M | $372M | $401M | $423M | $257M |
| Preferred stock | โ | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | โ$364M | โ$527M | $71.1M | โ$35.3M | โ$122M | โ$183M | โ$36.1M |
| Margins | |||||||
| Gross margin | 54.0% | 66.3% | 69.6% | 68.9% | 71.2% | 73.0% | 73.2% |
| Operating margin | โ50.6% | โ82.9% | โ61.9% | โ35.0% | โ26.8% | โ15.5% | โ17.4% |
| EBITDA margin | โ44.2% | โ71.2% | โ54.6% | โ30.7% | โ22.8% | โ12.1% | โ14.9% |
| Net margin | โ59.9% | โ108.6% | โ104.2% | โ46.8% | โ38.0% | โ22.8% | 6.9% |
| Net interest share of revenue | โ9.3% | โ29.6% | โ26.1% | โ12.4% | โ11.3% | โ | โ |
| Returns | |||||||
| Return on capital | โ | โ | โ113.3% | โ99.0% | โ62.2% | โ49.9% | โ81.2% |
| Return on capital employed | โ | โ46.6% | โ33.2% | โ37.5% | โ34.7% | โ24.7% | โ36.4% |
| Return on equity | โ | โ | โ | โ774.9% | โ | โ | โ |
| Return on assets | โ | โ53.4% | โ55.1% | โ35.4% | โ36.8% | โ27.0% | 9.8% |
| Return on tangible equity | โ | โ | โ327.4% | โ | โ | โ | โ |
| Growth | |||||||
| Revenue growth | โ | โ38.7% | 29.1% | 45.8% | 0.6% | 2.7% | 7.7% |
| Share count change | โ | 1.6% | โ88.8% | 158.3% | 11.8% | 10.5% | 202.4% |
| Financial health | |||||||
| Debt / equity | โ | โ | 3.7x | โ | โ | โ | โ |
| Current ratio | โ | 2.5x | 3.8x | 2.9x | 2.1x | 2.0x | 1.1x |
| Quick ratio | โ | 2.5x | 3.8x | 2.9x | 2.1x | 2.0x | 1.1x |
| Capital allocation | |||||||
| Stock comp / revenue | 2.6% | 5.2% | 13.1% | 8.6% | 8.8% | 3.2% | 1.3% |
| Quality scores | |||||||
| Piotroski F-score | โ | โ | 6.0 | 3.0 | 4.0 | 5.0 | 6.0 |
| Altman Z'' | โ | โ8.6 | โ4.7 | โ9.1 | โ13.3 | โ15.8 | โ18.0 |
| Accruals ratio | โ | โ40.0% | โ44.1% | โ23.2% | โ31.7% | โ31.9% | 8.3% |
Source: SEC EDGAR XBRL filings (CIK 0001468327). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only โ not investment advice. Check the original filings before relying on any figure.