NASDAQ$RENT

Rent the Runway · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Rent the Runway reported Q1 2025 results with revenue of $69.6 million and a net loss of $26.1 million.

Rent the Runway's Q1 2025 revenue declined 7.2% year-over-year to $69.6 million, driven by lower revenue per subscriber and Average Active Subscribers. The company reported a net loss of $26.1 million and ended the quarter with 147,157 Active Subscribers. Gross profit was $21.9 million, reflecting higher fulfillment and revenue share costs as a percentage of revenue.

  • Total revenue decreased to $69.6 million from $75.0 million in Q1 2024.
  • Active Subscribers increased 1% year-over-year to 147,157, while Average Active Subscribers declined 2%.
  • Net loss widened to $26.1 million from $22.0 million, with Adjusted EBITDA at $(1.3) million.
  • Cash and cash equivalents stood at $70.4 million, with net cash provided by operating activities of $8.3 million.

Headline financials

Total Revenue

$69.6M

Previous: $75M-7.2%
EPS (adj)

-$6.58

Previous: -$6.03-9.1%
Active Subscribers ending

147.2K

No prior period
Average Active Subscribers

133.5K

No prior period
Free Cash Flow

-$26.1M

Previous: -$22M-18.6%
Net Income

-$26.1M

Previous: -$22M-18.6%
Operating Income

-$19.7M

Previous: -$16.5M-19.4%
Gross Profit

$49.2M

Previous: $54.4M-9.6%
Cash & Equivalents

$70.4M

Previous: $82M-14.1%
Total Assets

$245M

Previous: $278M-11.9%

Revenue & EPS history

Rent the Runway · Revenue · Quarterly

$69.6M

Q1 2025-7.2%vs Q1 2024
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Rent the Runway · $69.6M total across 2 segments · Q1 2025

  • Subscription and Reserve rental revenue
    $62M—
  • Other revenue
    $7.6M—

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 17 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+10.5%

Avg return

Earnings day

+5.1%

Avg return

5 days after

+1.1%

Avg return

30 days after

32%

6 / 19 earnings

Positive

+256.9%

Q4 2023

Best reaction

-36.1%

Q2 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.8%-9.4%—
Q3 2025+33.8%+55.2%+60.2%
Q2 2025-36.1%-35.2%-41.6%
Q1 2025+27.9%-11.0%-23.7%
Q4 2024-18.2%-24.9%+21.9%
Q3 2024-25.5%-29.5%-32.4%
Q2 2024-22.0%-29.3%-33.1%
Q1 2024-7.1%+3.8%-39.7%
Q4 2023+256.9%+171.1%+226.9%
Q3 2023+1.5%+2.4%-29.4%
Q2 2023-30.1%-34.6%-50.0%
Q1 2023-1.4%-14.3%-24.2%
Q4 2022-5.2%-11.0%-28.4%
Q3 2022+75.6%+128.1%+165.2%
Q2 2022-32.6%-35.3%-55.4%
Q1 2022-9.1%-13.7%+4.8%
Q4 2020-1.2%+3.1%-28.8%
Q4 2021+6.7%+5.4%-24.1%
Q3 2021-14.0%-24.4%-48.3%
Q2 2016———
Q1 2016———
Q4 2015———
Q3 2015———
Q2 2015———
Q1 2015———
Q4 2014———
Q3 2014———
Q2 2014———
Q1 2014———
Q4 2013———
Q3 2013———
Q2 2013———
Q1 2013———
Q4 2012———
Q4 2011———
Q3 2011———
Q2 2011———
Q1 2011———
Q4 2010———
Q3 2010———
Q2 2010———
Q1 2010———

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