Rent the Runway

RENT

Market cap $31.1M

Rent the Runway is continuing to roll out new personalized recommendations and artificial intelligence (AI)-powered enhancements as part of a wide-ranging transformation of its fashion subscription, rental and resale platform.

Rent the Runway, Inc. (NASDAQ:RENT ) Q2 2025 Earnings Call September 11, 2025 4:30 PM EDT Company Participants Cara Schembri - Chief Legal & Administrative Officer Jennifer Hyman - Co-Founder, CEO, President & Chairman Siddharth Thacker - Chief Financial Officer Presentation Operator Greetings, and welcome to Rent the Runway's Quarter 2 2025 Earnings Conference Call. [Operator Instructions] Please note this conference is being recorded.

Rent The Runway, Inc. RENT stock plunged after the released its second-quarter results after Thursday's closing bell. Here's a look at the details in the report.

NEW YORK, Aug. 25, 2025 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it expects to release its second quarter 2025 financial results for the quarter ended July 31, 2025 on Thursday, September 11, 2025, after market close. Rent the Runway will host a conference call and live webcast with the investment community at 4:30 p.m. Eastern Time that same day to discuss its results and to provide a business update.

Fashion rental company Rent the Runway has announced a recapitalization plan that will convert $243 million of its debt into common equity in the company, add $20 million to its balance sheet and extend the maturity of its outstanding debt balance of $120 million to 2029.

Transformative capital transaction will strengthen RTR's balance sheet, inject primary capital into the business and empower a compelling customer and product experience

The future of online clothing rental doesn't lie with the company that pioneered it.

Starting next month, it will cost more to Rent the Runway. The clothing rental company notified subscribers this week about a pending price increase to its subscription of approximately $2 per item, Glossy reported Thursday (July 17).

Rent the Runway reportedly expects greater selection and cost-effectiveness to help it keep the recent momentum it has gained in growing its base of active subscribers. [contact-form-7] The apparel-rental company saw its number of active subscribers grow 23% to reach over 147,000 during the quarter ended April 30, the Wall Street Journal (WSJ) reported Tuesday (June 17).

The apparel-rental company recently saw its active-subscriber base rise to its highest level ever, CFO says.