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———

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro