Rent the Runway, Inc.
renttherunway.comWhat Do They Do?
Rents designer clothing and accessories to subscribers and one-time renters, and sells pre-owned rental items to shoppers.
10-K for FY2025, filed Apr 14, 2026Since our founding in November 2009, we have built the world’s first shared designer closet with thousands of styles by hundreds of brand…View ↗
We offer customers three ways to access our closet: monthly subscription or “Subscription”, a-la-carte rentals or “Reserve” and purchasing…View ↗
When customers want to rent items a-la-carte for an upcoming event, they book styles for four or eight days through our Reserve offering.…View ↗
In addition to renting, customers also shop pre-loved styles from our closet at a discount to retail price, up to 90% off of designer…View ↗
How Do They Make Money?
Subscribers pay monthly fees collected when they enroll, and rental customers pay for a set rental period. Customers buying rental items pay when they confirm an order; payment is due at that point.
10-K for FY2025, filed Apr 14, 2026Subscription fees are recognized ratably over the subscription period, commencing on the date the subscriber enrolls in the rental program.…View ↗
When customers want to rent items a-la-carte for an upcoming event, they book styles for four or eight days through our Reserve offering.…View ↗
Other revenue consists primarily of revenue from the sale of rental product. The Company recognizes revenue from the sale of rental product…View ↗
$329.8M
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10-K for FY2025, filed Apr 14, 2026
$329.8M ↗
Who Are Their Customers?
Subscribers rent through monthly memberships, while other customers book individual rentals or buy pre-loved items. The company sources its products from designer brands and partners with them to supply its assortment.
10-K for FY2025, filed Apr 14, 2026We offer customers three ways to access our closet: monthly subscription or “Subscription”, a-la-carte rentals or “Reserve” and purchasing…View ↗
When customers want to rent items a-la-carte for an upcoming event, they book styles for four or eight days through our Reserve offering.…View ↗
In addition to renting, customers also shop pre-loved styles from our closet at a discount to retail price, up to 90% off of designer…View ↗
Our evolving selection of products is enabled by our designer brand partnerships. We source virtually all of our products directly from or…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 7 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Apr 14, 2026
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Sep 11, 2026
−$12.9MView ↗
- ▼ −51% (Loss)
- vs −$26.4M in Q2 FY2025
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Sep 11, 2026
Paige Thomas was named CEO and Teri Bariquit became board chair
Thomas succeeds Bariquit as CEO and president; Bariquit becomes non-executive chair.
Sources
8-K, filed Sep 11, 2026
Announces Paige Thomas as Chief Executive Officer and President and Teri Bariquit as Chair of the BoardView ↗
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May 21, 2026
The CFO resigned and the company began a search for a replacement
Siddharth Thacker's resignation was effective on or about June 3, 2026.
Sources
8-K, filed May 21, 2026
On May 18, 2026, Siddharth Thacker tendered his resignation as Chief Financial Officer of Rent the Runway, Inc. (the “Company”), effective…View ↗
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May 13, 2026
Jennifer Hyman resigned as CEO and Teri Bariquit became interim CEO
Hyman's resignation took effect May 15, 2026; Bariquit was appointed interim CEO and president.
Sources
8-K, filed May 13, 2026
On May 12, 2026, Jennifer Hyman resigned as Chief Executive Officer and President of Rent the Runway, Inc. (the “Company”) and as a member…View ↗
Growing. Revenue grew 62% in 4 years, from $203.3M in FY2021 to $329.8M in FY2025, about 13% a year.
Brand product sourcing
The latest report describes a more varied sourcing model: products may be bought wholesale, placed on consignment with performance-based payments, or developed as exclusive designs with brand partners. The older report also described these channels, but its Share by RTR arrangements included a logistics fee paid by brands for each rental.
10-K for FY2022, filed Apr 13, 2023 10-K for FY2025, filed Apr 14, 2026We acquire our products through three channels: Wholesale, Share by RTR and Exclusive Designs. The portion of our products sourced through…View ↗
Through Share by RTR, we acquire items directly from brand partners on consignment, at zero to low upfront cost and revenue share with our…View ↗
We leverage our data to create highly desirable Exclusive Designs in collaboration with select brand partners, celebrities and influencers…View ↗
We acquire our products through three channels: Wholesale, Share by RTR and Exclusive Designs. The portion of our products sourced through…View ↗
Through Share by RTR, we acquire items directly from brand partners on consignment, at zero or a fraction of the Wholesale cost with…View ↗
We leverage our data to create highly desirable Exclusive Designs in collaboration with select brand partners that we manufacture through…View ↗
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