NASDAQ$RENT

Rent the Runway · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Rent the Runway reported fiscal Q4 2024 revenue of $76.4M with a net loss of $13.4M.

Revenue was $76.4 million for the quarter ended January 31, 2025, up modestly year over year. Net loss narrowed to $13.4 million from $24.8 million in the prior-year quarter. Subscriber growth initiatives and capital-light inventory partnerships are central to management's 2025 plan.

  • Fiscal Q4 revenue $76.4M (+0.8% YoY).
  • Net loss $13.4M versus $24.8M a year ago.
  • Adjusted EBITDA margin guidance reflects cost discipline.
  • Inventory partnerships aim to reduce cash burn.

Headline financials

Total Revenue

$76.4M

Previous: $75.8M+0.8%
EPS (adj)

-$0.33

Previous: -$7.02+95.3%
Gross Margin

37.7%

No prior period
Adjusted EBITDA

$17.4M

No prior period
Ending Total Subscribers

164.0K

No prior period
Adjusted EBITDA Margin

22.8%

No prior period
Active Subscribers ending

119.8K

No prior period
Average Active Subscribers

126.1K

No prior period
Net Income

-$13.4M

Previous: -$26.2M+48.9%
Operating Income

-$7.7M

Previous: -$4.9M-57.1%
Gross Profit

$28.8M

Previous: $52.7M-45.4%

Revenue & EPS history

Rent the Runway · Revenue · Quarterly

$76.4M

Q4 2024+0.8%vs Q4 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

Forward guidance

Outlook emphasizes clinical milestones, liquidity, and path to profitability.

Tailwinds

  • Cash and strategic partnerships can fund pipeline advancement.
  • Cost discipline may narrow operating losses.

Headwinds

  • No product revenue until regulatory approval for pre-commercial names.
  • Trial outcomes and dilution risk affect funding needs.

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 Q4 2024

Historical avgQ4 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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