Rent the Runway

RENT

Market cap $116M

Rent the Runway remains a buy, with a P/S-based target price range of $9.64–$16.03, implying significant upside from current levels. Q1 FY26 revenue grew 29% year-over-year, but profitability and free cash flow remain negative; subscriber growth is moderate, and seasonality is a concern. Leadership risk is elevated following the CEO and CFO departures, with interim management drawn from Nordstrom, but permanent appointments are still pending.

Rent the Runway, Inc. (RENT) Q1 2027 Earnings Call Prepared Remarks Transcript

Rent the Runway NASDAQ: RENT reported sharply higher first-quarter fiscal 2026 revenue and reiterated its full-year outlook, as management pointed to stronger subscriber monetization, growth in add-on items and early progress in new revenue initiatives.

Revenue Grew to $89.9M, up 29.2% YoY, add-on revenue increased 70.4% YoY Reaffirms FY26 Guidance for Revenue, Adjusted EBITDA and Rental Product Acquired Welcomes Teri Bariquit as Interim CEO and President, Paige Thomas as Chief Commercial Officer, and Dave Loretta as Interim CFO NEW YORK, June 03, 2026 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway” or "RTR") (NASDAQ: RENT), the company transforming the way women get dressed, today reported financial results for the fiscal quarter ended April 30, 2026. First quarter results demonstrate continued momentum across the business, with total revenue of $89.9 million exceeding guidance and up 29.2% YoY.

There is a principle I have followed for 30 years in this business. When the smartest credit team on the planet starts aggressively buying a beaten-down asset class they understand better than anyone alive, you do not sit on your hands and debate whether the timing is perfect.

NEW YORK, May 19, 2026 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it expects to release its first quarter 2026 financial results for the quarter ended April 30, 2026 on Wednesday, June 3, 2026, before market open. Rent the Runway will host a conference call and live webcast with the investment community at 8:30 a.m. Eastern Time that same day to discuss its results and to provide a business update.

Rent the Runway announced an upcoming CEO transition Wednesday (May 13), saying that Co-founder Jennifer Hyman will step down as CEO, president and board member on Friday (May 15) and be succeeded by Board Member Teri Bariquit, who will serve as interim CEO and president.

Co-Founder Jennifer Hyman to Step Down as CEO 37-Year Retail Veteran and Rent the Runway Board Member Teri Bariquit Appointed Interim CEO Company Continues to Accelerate Its Diversification Strategy with Momentum Across AI Investments and Marketplace, Media, and B2B platforms Company Reaffirms Full Year 2026 Financial Guidance NEW YORK, May 13, 2026 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway” or "RTR") (NASDAQ: RENT), the company transforming the way women get dressed, today announced that Co-Founder Jennifer Hyman will step down as Chief Executive Officer, President, and Board member, effective May 15, 2026. She will remain an advisor to the company through January 2027 to ensure a seamless transition.

Rent the Runway spent fiscal year 2025 making the biggest inventory bet in its history. More clothes in circulation meant fewer cancellations, stronger retention and a path back to growth.

Rent the Runway, Inc. (RENT) Q4 2026 Earnings Call Prepared Remarks Transcript