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———
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Q4 2014———
Q3 2014———
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Q4 2013———
Q3 2013———
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Q4 2012———
Q4 2011———
Q3 2011———
Q2 2011———
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Q4 2010———
Q3 2010———
Q2 2010———
Q1 2010———

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