Rent the Runway, Inc. (RENT) 10-Year Financial Performance & Capital Metrics

RENT • • Industrial / General

Consumer CyclicalApparel RetailDigital-First & Subscription RetailersApparel Subscription Services

AboutRent the Runway, Inc. rents designer wear for women through its stores and online retail. The company offers ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear, ski wear, home goods, evening wear, and kids wear, as well as accessories. It also engages in the software development and support activities. The company was incorporated in 2009 and is headquartered in Brooklyn, New York.Show more

Revenue $306M +2.7%
EBITDA $75M +198.8%
Net Income -$70M +38.3%
EPS (Diluted) -18.51 +44.1%
Gross Margin 72.96% +81.8%
EBITDA Margin 24.4% +191.0%
Operating Margin -15.51% +42.2%
Net Margin -22.83% +39.9%
ROE -
ROIC -26.27% +39.6%
Debt/Equity -
Interest Coverage -1.96 +17.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 93 (top 7%)
✓Efficient asset utilization: 1.3x turnover

✗Weaknesses

✗Negative free cash flow
✗Shares diluted 10.5% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y12.17%

5Y3.57%

3Y14.63%

TTM2.91%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM113.04%

EPS CAGR

10Y-

5Y-

3Y-

TTM86.33%

ROCE

10Y Avg-26.66%

5Y Avg-28.04%

3Y Avg-23.12%

Latest-22.46%

Peer Comparison

Apparel Subscription Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
RENTRent the Runway, Inc.	288.83M	8.65	-0.47	2.68%	3.37%
SFIXStitch Fix, Inc.	631.2M	5.32	-24.18	-5.26%	-2.27%	-14.16%	1.47%	0.46

Profit & Loss

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Sales/Revenue+	91.07M	99.18M	75.6M	102.92M	256.9M	157.5M	203.3M	296.4M	298.2M	306.2M
Revenue Growth %	-0.06%	0.09%	-0.24%	0.36%	1.5%	-0.39%	0.29%	0.46%	0.01%	0.03%
Cost of Goods Sold+	48.13M	53.63M	27.25M	35.85M	236.3M	181M	133.6M	92.2M	178.5M	82.8M
COGS % of Revenue	0.53%	0.54%	0.36%	0.35%	0.92%	1.15%	0.66%	0.31%	0.6%	0.27%
Gross Profit+	42.95M	45.55M	48.35M	67.07M	20.6M	-23.5M	69.7M	204.2M	119.7M	223.4M
Gross Margin %	0.47%	0.46%	0.64%	0.65%	0.08%	-0.15%	0.34%	0.69%	0.4%	0.73%
Gross Profit Growth %	0.02%	0.06%	0.06%	0.39%	-0.69%	-2.14%	3.97%	1.93%	-0.41%	0.87%
Operating Expenses+	48.85M	67.76M	57.81M	73.15M	386.9M	288M	329.2M	392.3M	199.7M	270.9M
OpEx % of Revenue	0.54%	0.68%	0.76%	0.71%	1.51%	1.83%	1.62%	1.32%	0.67%	0.88%
Selling, General & Admin	48.85M	67.76M	48.8M	59.86M	121.8M	85.3M	130.9M	144.1M	132.8M	115M
SG&A % of Revenue	0.54%	0.68%	0.65%	0.58%	0.47%	0.54%	0.64%	0.49%	0.45%	0.38%
Research & Development	0	0	0	0	40.2M	37.7M	45.3M	55.4M	0	0
R&D % of Revenue	-	-	-	-	0.16%	0.24%	0.22%	0.19%	-	-
Other Operating Expenses	0	0	9.01M	13.29M	224.9M	165M	153M	192.8M	66.9M	155.9M
Operating Income+	-5.91M	-22.21M	-9.46M	-6.08M	-130M	-130.5M	-62.8M	-50.2M	-80M	-47.5M
Operating Margin %	-0.06%	-0.22%	-0.13%	-0.06%	-0.51%	-0.83%	-0.31%	-0.17%	-0.27%	-0.16%
Operating Income Growth %	-1.27%	-2.76%	0.57%	0.36%	-20.39%	-0%	0.52%	0.2%	-0.59%	0.41%
EBITDA+	-1.56M	-17.26M	-3.53M	1.44M	-61.5M	-58.2M	29.1M	47.2M	25M	74.7M
EBITDA Margin %	-0.02%	-0.17%	-0.05%	0.01%	-0.24%	-0.37%	0.14%	0.16%	0.08%	0.24%
EBITDA Growth %	-2.88%	-10.09%	0.8%	1.41%	-43.68%	0.05%	1.5%	0.62%	-0.47%	1.99%
D&A (Non-Cash Add-back)	4.35M	4.95M	5.93M	7.52M	68.5M	72.3M	91.9M	97.4M	105M	122.2M
EBIT	0	0	0	0	-130M	-130.5M	-125.9M	-95.9M	-76.9M	-47.3M
Net Interest Income+	0	0	0	0	-24M	-46.6M	-53M	-36.8M	-33.7M	-24.2M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	0	0	0	0	24M	46.6M	53M	36.8M	33.7M	24.2M
Other Income/Expense	477K	377K	125K	291K	-24.1M	-40.6M	-86.2M	-35.3M	-33M	-22.1M
Pretax Income+	-5.43M	-21.83M	-9.34M	-5.79M	-154.1M	-171.1M	-212.1M	-138.9M	-113M	-69.6M
Pretax Margin %	-0.06%	-0.22%	-0.12%	-0.06%	-0.6%	-1.09%	-1.04%	-0.47%	-0.38%	-0.23%
Income Tax+	995K	844K	-2.18M	-424K	-200K	0	-300K	-200K	200K	300K
Effective Tax Rate %	1.18%	1.04%	0.46%	0.34%	1%	1%	1%	1%	1%	1%
Net Income+	-6.43M	-22.62M	-4.25M	-1.99M	-153.9M	-171.1M	-211.8M	-138.7M	-113.2M	-69.9M
Net Margin %	-0.07%	-0.23%	-0.06%	-0.02%	-0.6%	-1.09%	-1.04%	-0.47%	-0.38%	-0.23%
Net Income Growth %	-7.38%	-2.52%	0.81%	0.53%	-76.41%	-0.11%	-0.24%	0.35%	0.18%	0.38%
Net Income (Continuing)	-6.43M	-22.62M	-4.25M	-1.99M	-153.9M	-171.1M	-211.8M	-138.7M	-113.2M	-69.9M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-11.48	-38.55	-6.99	-2.94	-47.05	-52.31	-67.20	-43.17	-33.12	-18.51
EPS Growth %	-163%	-2.36%	0.82%	0.58%	-15%	-0.11%	-0.28%	0.36%	0.23%	0.44%
EPS (Basic)	-11.48	-38.55	-6.99	-2.94	-47.05	-52.31	-67.20	-43.17	-33.12	-18.51
Diluted Shares Outstanding	559.85K	586.65K	608.85K	675.4K	3.27M	3.27M	3.15M	3.21M	3.42M	3.78M
Basic Shares Outstanding	559.85K	586.65K	608.85K	675.4K	3.27M	3.27M	3.15M	3.21M	3.42M	3.78M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Total Current Assets+	43.05M	39.29M	42.92M	104.88M	46.9M	103.4M	264.7M	172.1M	102.2M	93.9M
Cash & Short-Term Investments	27.75M	20.42M	21.97M	84.01M	31.4M	95.3M	247.6M	154.5M	84M	77.4M
Cash Only	5.53M	3.83M	5.1M	3.69M	31.4M	95.3M	247.6M	154.5M	84M	77.4M
Short-Term Investments	22.23M	16.59M	16.87M	80.32M	0	0	0	0	0	0
Accounts Receivable	14.26M	16.68M	12.53M	16.88M	0	0	0	4M	1.3M	0
Days Sales Outstanding	57.15	61.39	60.47	59.88	-	-	-	4.93	1.59	-
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	1.03M	2.19M	8.43M	3.99M	800K	1.9M	5.4M	13.6M	16.9M	16.5M
Total Non-Current Assets+	29.84M	32.49M	38.34M	179.64M	229M	217.3M	182.8M	164.1M	176.3M	146.1M
Property, Plant & Equipment	10.85M	14.26M	17.89M	23.04M	215.9M	197.2M	165M	150.1M	163.6M	60.4M
Fixed Asset Turnover	8.40x	6.95x	4.23x	4.47x	1.19x	0.80x	1.23x	1.97x	1.82x	5.07x
Goodwill	5.1M	5M	7.03M	135.89M	0	0	0	0	0	0
Intangible Assets	13.16M	12.4M	12.72M	16.38M	9M	7.8M	6.4M	4.1M	3.4M	2.4M
Long-Term Investments	22.23M	500K	500K	4.2M	0	10.5M	6.6M	6M	4.8M	4.4M
Other Non-Current Assets	-21.55M	294K	152K	73K	4.1M	12.3M	11.4M	9.9M	4.5M	78.9M
Total Assets+	72.88M	71.78M	81.27M	284.52M	275.9M	320.7M	447.5M	336.2M	278.5M	240M
Asset Turnover	1.25x	1.38x	0.93x	0.36x	0.93x	0.49x	0.45x	0.88x	1.07x	1.28x
Asset Growth %	-0.04%	-0.02%	0.13%	2.5%	-0.03%	0.16%	0.4%	-0.25%	-0.17%	-0.14%
Total Current Liabilities+	19.2M	18.73M	19.84M	26.79M	51.7M	40.6M	68.8M	60M	48.1M	47.4M
Accounts Payable	5.29M	5.86M	2.34M	3.97M	12.7M	7.2M	15.9M	12.4M	5.8M	6.2M
Days Payables Outstanding	40.13	39.85	31.33	40.39	19.62	14.52	43.44	49.09	11.86	27.33
Short-Term Debt	731K	1.08M	806K	974K	-5.1M	900K	5.6M	4.4M	1.2M	1.4M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	11.27M	9.19M	14.05M	18.03M	8.8M	12.5M	19M	16.8M	16.3M	6.7M
Current Ratio	2.24x	2.10x	2.16x	3.92x	0.91x	2.55x	3.85x	2.87x	2.12x	1.98x
Quick Ratio	2.24x	2.10x	2.16x	3.92x	0.91x	2.55x	3.85x	2.87x	2.12x	1.98x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	2.42M	3.36M	3.17M	6.94M	588.5M	806.8M	307.6M	311.5M	352.7M	375.1M
Long-Term Debt	525K	550K	0	2.36M	215.1M	355.1M	260.8M	272.5M	306.7M	333.7M
Capital Lease Obligations	0	0	0	0	41.7M	51.5M	46.4M	38.3M	45.3M	41M
Deferred Tax Liabilities	79K	574K	759K	2.23M	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	331.7M	400.2M	400K	700K	700K	400K
Total Liabilities	22.36M	23.8M	29.11M	32.58M	640.2M	847.4M	376.4M	371.5M	400.8M	422.5M
Total Debt+	525K	550K	0	2.36M	261.9M	414.2M	312.8M	315.2M	356.6M	380.8M
Net Debt	-5M	-3.29M	-5.1M	-1.33M	230.5M	318.9M	65.2M	160.7M	272.6M	303.4M
Debt / Equity	0.01x	0.01x	-	0.01x	-	-	4.40x	-	-	-
Debt / EBITDA	-	-	-	1.64x	-	-	10.75x	6.68x	14.26x	5.10x
Net Debt / EBITDA	-	-	-	-0.93x	-	-	2.24x	3.40x	10.90x	4.06x
Interest Coverage	-	-	-	-	-5.42x	-2.80x	-1.18x	-1.36x	-2.37x	-1.96x
Total Equity+	50.52M	47.98M	52.16M	251.95M	-364.3M	-526.7M	71.1M	-35.3M	-122.3M	-182.5M
Equity Growth %	-0.1%	-0.05%	0.09%	3.83%	-2.45%	-0.45%	1.13%	-1.5%	-2.46%	-0.49%
Book Value per Share	90.25	81.79	85.67	373.04	-111.37	-161.02	22.56	-10.99	-35.78	-48.32
Total Shareholders' Equity	50.52M	47.98M	52.16M	251.95M	-364.3M	-526.7M	71.1M	-35.3M	-122.3M	-182.5M
Common Stock	11K	12K	12K	15K	0	0	100K	100K	0	0
Retained Earnings	-4.95M	-27.57M	-31.82M	-33.81M	-418.3M	-589.4M	-801.2M	-939.9M	-1.05B	-1.12B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	341K	31K	409K	464K	0	0	-447.5M	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Cash from Operations+	10.2M	-1.65M	6.26M	9.81M	-37.6M	-42.8M	-42.3M	-47.7M	-15.7M	12.9M
Operating CF Margin %	0.11%	-0.02%	0.08%	0.1%	-0.15%	-0.27%	-0.21%	-0.16%	-0.05%	0.04%
Operating CF Growth %	0.89%	-1.16%	4.81%	0.57%	-4.83%	-0.14%	0.01%	-0.13%	0.67%	1.82%
Net Income	-6.43M	-22.62M	-4.25M	-1.99M	-153.9M	-171.1M	-211.8M	-138.7M	-113.2M	-69.9M
Depreciation & Amortization	4.35M	4.95M	5.93M	7.52M	83.2M	80M	65.1M	62.6M	58.7M	58.7M
Stock-Based Compensation	0	0	0	0	6.8M	8.2M	26.6M	25.4M	26.2M	9.7M
Deferred Taxes	-1.43M	579K	105K	1.53M	-4.8M	-2.8M	0	0	0	0
Other Non-Cash Items	13.2M	-3.07M	-736K	-52.06M	23M	41.9M	66.7M	10.2M	24.3M	18.9M
Working Capital Changes	-4.62M	-3.28M	2.52M	55.02M	8.1M	1M	11.1M	-7.2M	-11.7M	-4.5M
Change in Receivables	2.45M	-2.42M	-4.89M	-4.36M	0	0	0	0	0	0
Change in Inventory	-28.98M	-21.99M	-16.82M	-20.35M	0	0	0	0	0	0
Change in Payables	-1.93M	565K	1.16M	1.63M	6M	-4.5M	18.4M	-3.9M	-8.4M	-2M
Cash from Investing+	-4.57M	-1.54M	-8.66M	-72.9M	-138.6M	-58.4M	-22.5M	-44.3M	-54.6M	-20.1M
Capital Expenditures	-5.13M	-7.11M	-7.66M	-10.85M	-161.5M	-78.7M	-41.1M	-71M	-82.5M	-53.6M
CapEx % of Revenue	0.06%	0.07%	0.1%	0.11%	0.63%	0.5%	0.2%	0.24%	0.28%	0.18%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-14.06M	28.66M	22.38M	15.36M	0	0	-12.2M	-35.4M	27.9M	0
Cash from Financing+	-3.58M	1.82M	3.47M	62.29M	177.9M	168.5M	215.2M	-4M	700K	-300K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-3.58M	1.82M	3.47M	62.29M	700K	-2.9M	14.6M	-4M	-900K	-2.3M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	5.07M	-8.76M	-1.4M	-1.04M	-199.1M	-121.5M	-83.4M	-118.7M	-98.2M	-40.7M
FCF Margin %	0.06%	-0.09%	-0.02%	-0.01%	-0.78%	-0.77%	-0.41%	-0.4%	-0.33%	-0.13%
FCF Growth %	1.82%	-2.73%	0.84%	0.25%	-189.89%	0.39%	0.31%	-0.42%	0.17%	0.59%
FCF per Share	9.05	-14.93	-2.29	-1.54	-60.87	-37.15	-26.46	-36.95	-28.73	-10.78
FCF Conversion (FCF/Net Income)	-1.59x	0.07x	-1.47x	-4.94x	0.24x	0.25x	0.20x	0.34x	0.14x	-0.18x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2011	2012	2013	2014	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-12.02%	-45.92%	-8.5%	-1.31%	-	-	-297.89%	-774.86%	-	-
Return on Invested Capital (ROIC)	-9.04%	-36.93%	-15.47%	-3.06%	-166.93%	-	-34.56%	-28.77%	-43.53%	-26.27%
Gross Margin	47.16%	45.92%	63.96%	65.17%	8.02%	-14.92%	34.28%	68.89%	40.14%	72.96%
Net Margin	-7.06%	-22.8%	-5.63%	-1.93%	-59.91%	-108.63%	-104.18%	-46.79%	-37.96%	-22.83%
Debt / Equity	0.01x	0.01x	-	0.01x	-	-	4.40x	-	-	-
Interest Coverage	-	-	-	-	-5.42x	-2.80x	-1.18x	-1.36x	-2.37x	-1.96x
FCF Conversion	-1.59x	0.07x	-1.47x	-4.94x	0.24x	0.25x	0.20x	0.34x	0.14x	-0.18x
Revenue Growth	-6.2%	8.9%	-23.77%	36.14%	149.61%	-38.69%	29.08%	45.79%	0.61%	2.68%

Revenue by Segment

	2012	2013	2014
Tv Essentials	-	31.32M	55.05M
Tv Essentials Growth	-	-	75.78%
Movies Everywhere	-	26.49M	29.54M
Movies Everywhere Growth	-	-	11.51%
OnDemand Everywhere	-	12.84M	14.27M
OnDemand Everywhere Growth	-	-	11.09%
Other Services	-	4.95M	4.07M
Other Services Growth	-	-	-17.80%
AMI	54.11M	-	-
AMI Growth	-	-	-
Home Entertainment	45.07M	-	-
Home Entertainment Growth	-	-	-
Corporate and Other	-	-	-
Corporate and Other Growth	-	-	-

Revenue by Geography

	2012	2013	2014
UNITED STATES	-	67.5M	94.73M
UNITED STATES Growth	-	-	40.34%
All Other Countries	-	8.1M	8.2M
All Other Countries Growth	-	-	1.16%

Frequently Asked Questions

Growth & Financials

Rent the Runway, Inc. (RENT) reported $314.5M in revenue for fiscal year 2024. This represents a 237% increase from $93.2M in 2007.

Rent the Runway, Inc. (RENT) grew revenue by 2.7% over the past year. Growth has been modest.

Yes, Rent the Runway, Inc. (RENT) is profitable, generating $10.6M in net income for fiscal year 2024 (-22.8% net margin).

Dividend & Returns

Rent the Runway, Inc. (RENT) had negative free cash flow of $14.4M in fiscal year 2024, likely due to heavy capital investments.

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Rent the Runway, Inc. (RENT) 10-Year Financial Performance & Capital Metrics

RENT • • Industrial / General

Consumer CyclicalApparel RetailDigital-First & Subscription RetailersApparel Subscription Services

Revenue $306M +2.7%
EBITDA $75M +198.8%
Net Income -$70M +38.3%
EPS (Diluted) -18.51 +44.1%
Gross Margin 72.96% +81.8%
EBITDA Margin 24.4% +191.0%
Operating Margin -15.51% +42.2%
Net Margin -22.83% +39.9%
ROE -
ROIC -26.27% +39.6%
Debt/Equity -
Interest Coverage -1.96 +17.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 93 (top 7%)
✓Efficient asset utilization: 1.3x turnover

✗Weaknesses

✗Negative free cash flow
✗Shares diluted 10.5% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y12.17%

5Y3.57%

3Y14.63%

TTM2.91%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM113.04%

EPS CAGR

10Y-

5Y-

3Y-

TTM86.33%

ROCE

10Y Avg-26.66%

5Y Avg-28.04%

3Y Avg-23.12%

Latest-22.46%

Peer Comparison

Apparel Subscription Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
RENTRent the Runway, Inc.	288.83M	8.65	-0.47	2.68%	3.37%
SFIXStitch Fix, Inc.	631.2M	5.32	-24.18	-5.26%	-2.27%	-14.16%	1.47%	0.46

Profit & Loss

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Sales/Revenue+	91.07M	99.18M	75.6M	102.92M	256.9M	157.5M	203.3M	296.4M	298.2M	306.2M
Revenue Growth %	-0.06%	0.09%	-0.24%	0.36%	1.5%	-0.39%	0.29%	0.46%	0.01%	0.03%
Cost of Goods Sold+	48.13M	53.63M	27.25M	35.85M	236.3M	181M	133.6M	92.2M	178.5M	82.8M
COGS % of Revenue	0.53%	0.54%	0.36%	0.35%	0.92%	1.15%	0.66%	0.31%	0.6%	0.27%
Gross Profit+	42.95M	45.55M	48.35M	67.07M	20.6M	-23.5M	69.7M	204.2M	119.7M	223.4M
Gross Margin %	0.47%	0.46%	0.64%	0.65%	0.08%	-0.15%	0.34%	0.69%	0.4%	0.73%
Gross Profit Growth %	0.02%	0.06%	0.06%	0.39%	-0.69%	-2.14%	3.97%	1.93%	-0.41%	0.87%
Operating Expenses+	48.85M	67.76M	57.81M	73.15M	386.9M	288M	329.2M	392.3M	199.7M	270.9M
OpEx % of Revenue	0.54%	0.68%	0.76%	0.71%	1.51%	1.83%	1.62%	1.32%	0.67%	0.88%
Selling, General & Admin	48.85M	67.76M	48.8M	59.86M	121.8M	85.3M	130.9M	144.1M	132.8M	115M
SG&A % of Revenue	0.54%	0.68%	0.65%	0.58%	0.47%	0.54%	0.64%	0.49%	0.45%	0.38%
Research & Development	0	0	0	0	40.2M	37.7M	45.3M	55.4M	0	0
R&D % of Revenue	-	-	-	-	0.16%	0.24%	0.22%	0.19%	-	-
Other Operating Expenses	0	0	9.01M	13.29M	224.9M	165M	153M	192.8M	66.9M	155.9M
Operating Income+	-5.91M	-22.21M	-9.46M	-6.08M	-130M	-130.5M	-62.8M	-50.2M	-80M	-47.5M
Operating Margin %	-0.06%	-0.22%	-0.13%	-0.06%	-0.51%	-0.83%	-0.31%	-0.17%	-0.27%	-0.16%
Operating Income Growth %	-1.27%	-2.76%	0.57%	0.36%	-20.39%	-0%	0.52%	0.2%	-0.59%	0.41%
EBITDA+	-1.56M	-17.26M	-3.53M	1.44M	-61.5M	-58.2M	29.1M	47.2M	25M	74.7M
EBITDA Margin %	-0.02%	-0.17%	-0.05%	0.01%	-0.24%	-0.37%	0.14%	0.16%	0.08%	0.24%
EBITDA Growth %	-2.88%	-10.09%	0.8%	1.41%	-43.68%	0.05%	1.5%	0.62%	-0.47%	1.99%
D&A (Non-Cash Add-back)	4.35M	4.95M	5.93M	7.52M	68.5M	72.3M	91.9M	97.4M	105M	122.2M
EBIT	0	0	0	0	-130M	-130.5M	-125.9M	-95.9M	-76.9M	-47.3M
Net Interest Income+	0	0	0	0	-24M	-46.6M	-53M	-36.8M	-33.7M	-24.2M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	0	0	0	0	24M	46.6M	53M	36.8M	33.7M	24.2M
Other Income/Expense	477K	377K	125K	291K	-24.1M	-40.6M	-86.2M	-35.3M	-33M	-22.1M
Pretax Income+	-5.43M	-21.83M	-9.34M	-5.79M	-154.1M	-171.1M	-212.1M	-138.9M	-113M	-69.6M
Pretax Margin %	-0.06%	-0.22%	-0.12%	-0.06%	-0.6%	-1.09%	-1.04%	-0.47%	-0.38%	-0.23%
Income Tax+	995K	844K	-2.18M	-424K	-200K	0	-300K	-200K	200K	300K
Effective Tax Rate %	1.18%	1.04%	0.46%	0.34%	1%	1%	1%	1%	1%	1%
Net Income+	-6.43M	-22.62M	-4.25M	-1.99M	-153.9M	-171.1M	-211.8M	-138.7M	-113.2M	-69.9M
Net Margin %	-0.07%	-0.23%	-0.06%	-0.02%	-0.6%	-1.09%	-1.04%	-0.47%	-0.38%	-0.23%
Net Income Growth %	-7.38%	-2.52%	0.81%	0.53%	-76.41%	-0.11%	-0.24%	0.35%	0.18%	0.38%
Net Income (Continuing)	-6.43M	-22.62M	-4.25M	-1.99M	-153.9M	-171.1M	-211.8M	-138.7M	-113.2M	-69.9M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-11.48	-38.55	-6.99	-2.94	-47.05	-52.31	-67.20	-43.17	-33.12	-18.51
EPS Growth %	-163%	-2.36%	0.82%	0.58%	-15%	-0.11%	-0.28%	0.36%	0.23%	0.44%
EPS (Basic)	-11.48	-38.55	-6.99	-2.94	-47.05	-52.31	-67.20	-43.17	-33.12	-18.51
Diluted Shares Outstanding	559.85K	586.65K	608.85K	675.4K	3.27M	3.27M	3.15M	3.21M	3.42M	3.78M
Basic Shares Outstanding	559.85K	586.65K	608.85K	675.4K	3.27M	3.27M	3.15M	3.21M	3.42M	3.78M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Total Current Assets+	43.05M	39.29M	42.92M	104.88M	46.9M	103.4M	264.7M	172.1M	102.2M	93.9M
Cash & Short-Term Investments	27.75M	20.42M	21.97M	84.01M	31.4M	95.3M	247.6M	154.5M	84M	77.4M
Cash Only	5.53M	3.83M	5.1M	3.69M	31.4M	95.3M	247.6M	154.5M	84M	77.4M
Short-Term Investments	22.23M	16.59M	16.87M	80.32M	0	0	0	0	0	0
Accounts Receivable	14.26M	16.68M	12.53M	16.88M	0	0	0	4M	1.3M	0
Days Sales Outstanding	57.15	61.39	60.47	59.88	-	-	-	4.93	1.59	-
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	1.03M	2.19M	8.43M	3.99M	800K	1.9M	5.4M	13.6M	16.9M	16.5M
Total Non-Current Assets+	29.84M	32.49M	38.34M	179.64M	229M	217.3M	182.8M	164.1M	176.3M	146.1M
Property, Plant & Equipment	10.85M	14.26M	17.89M	23.04M	215.9M	197.2M	165M	150.1M	163.6M	60.4M
Fixed Asset Turnover	8.40x	6.95x	4.23x	4.47x	1.19x	0.80x	1.23x	1.97x	1.82x	5.07x
Goodwill	5.1M	5M	7.03M	135.89M	0	0	0	0	0	0
Intangible Assets	13.16M	12.4M	12.72M	16.38M	9M	7.8M	6.4M	4.1M	3.4M	2.4M
Long-Term Investments	22.23M	500K	500K	4.2M	0	10.5M	6.6M	6M	4.8M	4.4M
Other Non-Current Assets	-21.55M	294K	152K	73K	4.1M	12.3M	11.4M	9.9M	4.5M	78.9M
Total Assets+	72.88M	71.78M	81.27M	284.52M	275.9M	320.7M	447.5M	336.2M	278.5M	240M
Asset Turnover	1.25x	1.38x	0.93x	0.36x	0.93x	0.49x	0.45x	0.88x	1.07x	1.28x
Asset Growth %	-0.04%	-0.02%	0.13%	2.5%	-0.03%	0.16%	0.4%	-0.25%	-0.17%	-0.14%
Total Current Liabilities+	19.2M	18.73M	19.84M	26.79M	51.7M	40.6M	68.8M	60M	48.1M	47.4M
Accounts Payable	5.29M	5.86M	2.34M	3.97M	12.7M	7.2M	15.9M	12.4M	5.8M	6.2M
Days Payables Outstanding	40.13	39.85	31.33	40.39	19.62	14.52	43.44	49.09	11.86	27.33
Short-Term Debt	731K	1.08M	806K	974K	-5.1M	900K	5.6M	4.4M	1.2M	1.4M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	11.27M	9.19M	14.05M	18.03M	8.8M	12.5M	19M	16.8M	16.3M	6.7M
Current Ratio	2.24x	2.10x	2.16x	3.92x	0.91x	2.55x	3.85x	2.87x	2.12x	1.98x
Quick Ratio	2.24x	2.10x	2.16x	3.92x	0.91x	2.55x	3.85x	2.87x	2.12x	1.98x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	2.42M	3.36M	3.17M	6.94M	588.5M	806.8M	307.6M	311.5M	352.7M	375.1M
Long-Term Debt	525K	550K	0	2.36M	215.1M	355.1M	260.8M	272.5M	306.7M	333.7M
Capital Lease Obligations	0	0	0	0	41.7M	51.5M	46.4M	38.3M	45.3M	41M
Deferred Tax Liabilities	79K	574K	759K	2.23M	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	331.7M	400.2M	400K	700K	700K	400K
Total Liabilities	22.36M	23.8M	29.11M	32.58M	640.2M	847.4M	376.4M	371.5M	400.8M	422.5M
Total Debt+	525K	550K	0	2.36M	261.9M	414.2M	312.8M	315.2M	356.6M	380.8M
Net Debt	-5M	-3.29M	-5.1M	-1.33M	230.5M	318.9M	65.2M	160.7M	272.6M	303.4M
Debt / Equity	0.01x	0.01x	-	0.01x	-	-	4.40x	-	-	-
Debt / EBITDA	-	-	-	1.64x	-	-	10.75x	6.68x	14.26x	5.10x
Net Debt / EBITDA	-	-	-	-0.93x	-	-	2.24x	3.40x	10.90x	4.06x
Interest Coverage	-	-	-	-	-5.42x	-2.80x	-1.18x	-1.36x	-2.37x	-1.96x
Total Equity+	50.52M	47.98M	52.16M	251.95M	-364.3M	-526.7M	71.1M	-35.3M	-122.3M	-182.5M
Equity Growth %	-0.1%	-0.05%	0.09%	3.83%	-2.45%	-0.45%	1.13%	-1.5%	-2.46%	-0.49%
Book Value per Share	90.25	81.79	85.67	373.04	-111.37	-161.02	22.56	-10.99	-35.78	-48.32
Total Shareholders' Equity	50.52M	47.98M	52.16M	251.95M	-364.3M	-526.7M	71.1M	-35.3M	-122.3M	-182.5M
Common Stock	11K	12K	12K	15K	0	0	100K	100K	0	0
Retained Earnings	-4.95M	-27.57M	-31.82M	-33.81M	-418.3M	-589.4M	-801.2M	-939.9M	-1.05B	-1.12B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	341K	31K	409K	464K	0	0	-447.5M	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Cash from Operations+	10.2M	-1.65M	6.26M	9.81M	-37.6M	-42.8M	-42.3M	-47.7M	-15.7M	12.9M
Operating CF Margin %	0.11%	-0.02%	0.08%	0.1%	-0.15%	-0.27%	-0.21%	-0.16%	-0.05%	0.04%
Operating CF Growth %	0.89%	-1.16%	4.81%	0.57%	-4.83%	-0.14%	0.01%	-0.13%	0.67%	1.82%
Net Income	-6.43M	-22.62M	-4.25M	-1.99M	-153.9M	-171.1M	-211.8M	-138.7M	-113.2M	-69.9M
Depreciation & Amortization	4.35M	4.95M	5.93M	7.52M	83.2M	80M	65.1M	62.6M	58.7M	58.7M
Stock-Based Compensation	0	0	0	0	6.8M	8.2M	26.6M	25.4M	26.2M	9.7M
Deferred Taxes	-1.43M	579K	105K	1.53M	-4.8M	-2.8M	0	0	0	0
Other Non-Cash Items	13.2M	-3.07M	-736K	-52.06M	23M	41.9M	66.7M	10.2M	24.3M	18.9M
Working Capital Changes	-4.62M	-3.28M	2.52M	55.02M	8.1M	1M	11.1M	-7.2M	-11.7M	-4.5M
Change in Receivables	2.45M	-2.42M	-4.89M	-4.36M	0	0	0	0	0	0
Change in Inventory	-28.98M	-21.99M	-16.82M	-20.35M	0	0	0	0	0	0
Change in Payables	-1.93M	565K	1.16M	1.63M	6M	-4.5M	18.4M	-3.9M	-8.4M	-2M
Cash from Investing+	-4.57M	-1.54M	-8.66M	-72.9M	-138.6M	-58.4M	-22.5M	-44.3M	-54.6M	-20.1M
Capital Expenditures	-5.13M	-7.11M	-7.66M	-10.85M	-161.5M	-78.7M	-41.1M	-71M	-82.5M	-53.6M
CapEx % of Revenue	0.06%	0.07%	0.1%	0.11%	0.63%	0.5%	0.2%	0.24%	0.28%	0.18%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-14.06M	28.66M	22.38M	15.36M	0	0	-12.2M	-35.4M	27.9M	0
Cash from Financing+	-3.58M	1.82M	3.47M	62.29M	177.9M	168.5M	215.2M	-4M	700K	-300K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-3.58M	1.82M	3.47M	62.29M	700K	-2.9M	14.6M	-4M	-900K	-2.3M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	5.07M	-8.76M	-1.4M	-1.04M	-199.1M	-121.5M	-83.4M	-118.7M	-98.2M	-40.7M
FCF Margin %	0.06%	-0.09%	-0.02%	-0.01%	-0.78%	-0.77%	-0.41%	-0.4%	-0.33%	-0.13%
FCF Growth %	1.82%	-2.73%	0.84%	0.25%	-189.89%	0.39%	0.31%	-0.42%	0.17%	0.59%
FCF per Share	9.05	-14.93	-2.29	-1.54	-60.87	-37.15	-26.46	-36.95	-28.73	-10.78
FCF Conversion (FCF/Net Income)	-1.59x	0.07x	-1.47x	-4.94x	0.24x	0.25x	0.20x	0.34x	0.14x	-0.18x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2011	2012	2013	2014	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-12.02%	-45.92%	-8.5%	-1.31%	-	-	-297.89%	-774.86%	-	-
Return on Invested Capital (ROIC)	-9.04%	-36.93%	-15.47%	-3.06%	-166.93%	-	-34.56%	-28.77%	-43.53%	-26.27%
Gross Margin	47.16%	45.92%	63.96%	65.17%	8.02%	-14.92%	34.28%	68.89%	40.14%	72.96%
Net Margin	-7.06%	-22.8%	-5.63%	-1.93%	-59.91%	-108.63%	-104.18%	-46.79%	-37.96%	-22.83%
Debt / Equity	0.01x	0.01x	-	0.01x	-	-	4.40x	-	-	-
Interest Coverage	-	-	-	-	-5.42x	-2.80x	-1.18x	-1.36x	-2.37x	-1.96x
FCF Conversion	-1.59x	0.07x	-1.47x	-4.94x	0.24x	0.25x	0.20x	0.34x	0.14x	-0.18x
Revenue Growth	-6.2%	8.9%	-23.77%	36.14%	149.61%	-38.69%	29.08%	45.79%	0.61%	2.68%

Revenue by Segment

	2012	2013	2014
Tv Essentials	-	31.32M	55.05M
Tv Essentials Growth	-	-	75.78%
Movies Everywhere	-	26.49M	29.54M
Movies Everywhere Growth	-	-	11.51%
OnDemand Everywhere	-	12.84M	14.27M
OnDemand Everywhere Growth	-	-	11.09%
Other Services	-	4.95M	4.07M
Other Services Growth	-	-	-17.80%
AMI	54.11M	-	-
AMI Growth	-	-	-
Home Entertainment	45.07M	-	-
Home Entertainment Growth	-	-	-
Corporate and Other	-	-	-
Corporate and Other Growth	-	-	-

Revenue by Geography

	2012	2013	2014
UNITED STATES	-	67.5M	94.73M
UNITED STATES Growth	-	-	40.34%
All Other Countries	-	8.1M	8.2M
All Other Countries Growth	-	-	1.16%

Frequently Asked Questions

Growth & Financials

Rent the Runway, Inc. (RENT) reported $314.5M in revenue for fiscal year 2024. This represents a 237% increase from $93.2M in 2007.

Rent the Runway, Inc. (RENT) grew revenue by 2.7% over the past year. Growth has been modest.

Yes, Rent the Runway, Inc. (RENT) is profitable, generating $10.6M in net income for fiscal year 2024 (-22.8% net margin).

Dividend & Returns

Rent the Runway, Inc. (RENT) had negative free cash flow of $14.4M in fiscal year 2024, likely due to heavy capital investments.