Rent the Runway Q1 revenue surges

Rent the Runway

Rent the Runway

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Overview

  • US fashion rental platform's fiscal Q1 revenue rose 29% yr/yr to $89.9 mln

  • Company reaffirmed FY26 guidance for revenue, adjusted EBITDA and rental product acquired


Outlook

  • Rent the Runway sees Q2 revenue between $91 mln and $95 mln

  • Company expects Q2 adjusted EBITDA margin of 5% to 8%

  • Rent the Runway reaffirms FY26 guidance for double-digit revenue growth and adjusted EBITDA margin of 4%-7%


Result Drivers

  • ADD-ON REVENUE GROWTH - Co said add-on revenue rose 70% yr/yr in Q1, driven by higher subscriber engagement after inventory infusion and product enhancements

  • NEW REVENUE STREAM INITIATIVES - Co reported early operational progress and revenue generation from marketplace, advertising, and B2B initiatives


Company press release: ID:nGNX8rdKj8


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Revenue

$89.9 mln

Q1 EPS

-$0.57


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