The strong subscriber growth and revenue beat, combined with positive guidance for double-digit growth in FY26, suggest improving fundamentals. Traders should monitor the execution of inventory and product experience improvements that are expected to drive future growth.
Price Chart
Executive Summary
Rent the Runway reported strong Q4 and full-year 2025 results, with revenue up 20% YoY to $91.7M and active subscribers up 20.1%, driven by inventory investment and a balance sheet transformation. The company expects double-digit revenue growth in FY26.
Key Financial Metrics
Key Facts
- Q4 revenue of $91.7M, up 20% YoY, highest quarterly revenue in company history
- Ending active subscribers increased 20.1% YoY to 143,796
- Full-year 2025 revenue of $329.8M, up 7.7% YoY
- Adjusted EBITDA of $18.3M in Q4 and $24.9M for full-year 2025
- Company expects double-digit revenue growth in FY26
Financial Impact
Revenue increased 20% YoY in Q4 and 7.7% YoY for full-year 2025, with active subscribers growing 20.1% YoY
Risk Factors
- Adjusted EBITDA margin declined to 7.6% in FY25 from 15.3% in FY24
- Company expects negative Adjusted EBITDA margin of 5-7% in Q1 2026
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001468327-26-000018 |
| Document: wdq-20260414.htm | 0001468327-26-000018 |
| Document: 0001468327-26-000018-index-headers.html | 0001468327-26-000018 |
| Document: 0001468327-26-000018-index.html | 0001468327-26-000018 |
| Document: 0001468327-26-000018.txt | 0001468327-26-000018 |
| 8-K Data (Synthetic) | 0001468327-26-000018 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 8-K | $2.69 | awaiting T+1 | — | $2.70 (−0.37%) |
Oct 23, 2026 4d ago | Insider Cluster | $2.82 $2.70 | ▼ −4.26% | ▼ −4.82% | $2.70 (−4.26%) |
Oct 23, 2026 4d ago | SC 13D/A | $2.82 $2.70 | ▲ +4.26% | ▲ +4.82% | $2.70 (+4.26%) |
Oct 16, 2026 11d ago | SC 13D/A | $1.86 $2.02 | ▲ +8.60% | ▲ +8.27% | $2.70 (+45.16%) |
Oct 14, 2026 13d ago | 8-K | $1.81 $1.76 | ▼ −2.76% | ▼ −1.66% | $2.70 (+49.17%) |
Oct 1, 2026 26d ago | EFFECT | $1.65 $1.55 | ▲ +6.06% | ▲ +6.80% | $2.70 (−63.64%) |
Sep 30, 2026 27d ago | 8-K | $1.65 $1.65 | · 0.00% | ▲ +0.18% | $2.70 (−63.64%) |
Sep 28, 2026 29d ago | S-1/A | $1.61 $1.68 | ▼ −4.35% | ▼ −4.53% | $2.70 (−67.70%) |
Sep 18, 2026 5w ago | 144 | $1.86 $1.94 | ▲ +4.30% | ▲ +2.75% | $2.70 (+45.16%) |
Sep 15, 2026 6w ago | 8-K | $1.94 $1.93 | ▼ −0.52% | ▼ −1.65% | $2.70 (+39.18%) |
US Market Status
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