NASDAQ$RENT

Rent the Runway · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

RENT Q2 2024 — $78.9M revenue, 26.00 EPS

Below are some of these risks, any one of which could materially adversely affect our business, financial condition, results of operations, and prospects. Rent the Runway reported Q2 2024 results. Diluted EPS came in at $26.00. Net income of $56.9M. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $78.9M.
  • Diluted EPS: $26.00.
  • Net income: $56.9M.
  • Operating income: $9.6.
  • Gross profit: $32.4M.

Headline financials

Total Revenue

$78.9M

Previous: $75.7M+4.2%
EPS (adj)

-$4.17

Previous: -$8.00+47.9%
Free Cash Flow

-$15.6M

Previous: -$26.8M+41.8%
Net Income

-$15.6M

Previous: -$26.8M+41.8%
Operating Income

-$9.6M

Previous: -$17.5M+45.1%
Gross Profit

$58.3M

Previous: $53.2M+9.6%
Cash & Equivalents

$76.6M

Previous: $124M-38.1%
Total Assets

$257M

Previous: $304M-15.4%
Stock-Based Comp

$7.4M

Previous: $6.9M+7.2%

Revenue & EPS history

Rent the Runway · Revenue · Quarterly

$78.9M

Q2 2024+4.2%vs Q2 2023
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 Q2 2024

Historical avgQ2 2024

+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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