NASDAQ$RENT

Rent the Runway · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

Rent the Runway reported Q3 2025, net income of $76.5M.

For Q3 2025, Rent the Runway reported net income of $76.5M. Management discusses segment performance, capital allocation, and outlook in the earnings filing.

  • Net income $76.5M.
  • Rent the Runway highlights liquidity, operations, and 2026 priorities.
  • Rent the Runway highlights liquidity, operations, and 2026 priorities.

Headline financials

Total Revenue

$87.6M

Previous: $75.9M+15.4%
EPS (adj)

$13.69

Previous: -$4.94+377.1%
Gross Margin

29.6%

No prior period
Adjusted EBITDA

$4.3M

No prior period
Ending Total Subscribers

185.2K

No prior period
Adjusted EBITDA Margin

4.9%

No prior period
Net Income Margin

87.3%

No prior period
Active Subscribers ending

148.9K

No prior period
Average Active Subscribers

147.6K

No prior period
Free Cash Flow

$76.5M

Previous: -$18.9M+504.8%
Net Income

$76.5M

Previous: -$18.9M+504.8%
Operating Income

-$16.2M

Previous: -$13.7M-18.2%
Gross Profit

$63.6M

Previous: $54.5M+16.7%
Cash & Equivalents

$50.7M

Previous: $74.1M-31.6%
Total Assets

$231M

Previous: $252M-8.2%

Revenue & EPS history

Rent the Runway · Revenue · Quarterly

$87.6M

Q3 2025+15.4%vs Q3 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

Forward guidance

The release discusses Rent the Runway's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • Rent the Runway cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

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 Q3 2025

Historical avgQ3 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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