$RENT
Rent the Runway, Inc.

2024 Q4 Form 10-Q Financial Statement

#000146832724000338 Filed on December 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q4
Revenue $75.90M
YoY Change 4.69%
Cost Of Revenue $21.40M
YoY Change -0.47%
Gross Profit $54.50M
YoY Change 6.86%
Gross Profit Margin 71.81%
Selling, General & Admin $28.30M
YoY Change -10.16%
% of Gross Profit 51.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $28.30M
YoY Change -10.16%
Operating Profit -$13.70M
YoY Change -37.44%
Interest Expense -$6.100M
YoY Change -39.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$18.90M
YoY Change -40.38%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$18.90M
YoY Change -40.0%
Net Earnings / Revenue -24.9%
Basic Earnings Per Share -$4.94
Diluted Earnings Per Share -$4.94
COMMON SHARES
Basic Shares Outstanding 3.824M shares
Diluted Shares Outstanding 3.824M shares

Balance Sheet

Concept 2024 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $74.10M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $88.30M
YoY Change -27.21%
LONG-TERM ASSETS
Property, Plant & Equipment $29.50M
YoY Change -21.33%
Goodwill
YoY Change
Intangibles $2.800M
YoY Change -26.32%
Long-Term Investments
YoY Change
Other Assets $5.600M
YoY Change 47.37%
Total Long-Term Assets $163.3M
YoY Change -13.6%
TOTAL ASSETS
Total Short-Term Assets $88.30M
Total Long-Term Assets $163.3M
Total Assets $251.6M
YoY Change -18.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.70M
YoY Change -52.23%
Accrued Expenses
YoY Change
Deferred Revenue $500.0K
YoY Change 0.0%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $53.50M
YoY Change -18.32%
LONG-TERM LIABILITIES
Long-Term Debt $326.7M
YoY Change 8.83%
Other Long-Term Liabilities $500.0K
YoY Change -28.57%
Total Long-Term Liabilities $327.2M
YoY Change 8.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $53.50M
Total Long-Term Liabilities $327.2M
Total Liabilities $422.8M
YoY Change 2.4%
SHAREHOLDERS EQUITY
Retained Earnings -$1.110B
YoY Change 7.91%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$171.2M
YoY Change
Total Liabilities & Shareholders Equity $251.6M
YoY Change -18.92%

Cashflow Statement

Concept 2024 Q4
OPERATING ACTIVITIES
Net Income -$18.90M
YoY Change -40.0%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

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dei Security12b Title
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dei Trading Symbol
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CY2024Q4 us-gaap Stockholders Equity
StockholdersEquity
-171200000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
-76000000.0 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
-122300000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
-102600000 usd
us-gaap Net Income Loss
NetIncomeLoss
-56500000 usd
rent Depreciation Expense And Write Off Rental Product
DepreciationExpenseAndWriteOffRentalProduct
35500000 usd
rent Depreciation Expense And Write Off Rental Product
DepreciationExpenseAndWriteOffRentalProduct
31900000 usd
rent Rental Product Write Off
RentalProductWriteOff
12100000 usd
rent Rental Product Write Off
RentalProductWriteOff
8500000 usd
rent Other Depreciation Amortization And Property Plant And Equipment Write Offs
OtherDepreciationAmortizationAndPropertyPlantAndEquipmentWriteOffs
9600000 usd
rent Other Depreciation Amortization And Property Plant And Equipment Write Offs
OtherDepreciationAmortizationAndPropertyPlantAndEquipmentWriteOffs
11000000.0 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-200000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-300000 usd
rent Proceeds From Sale Of Productive Assets Operating Activities
ProceedsFromSaleOfProductiveAssetsOperatingActivities
20100000 usd
rent Proceeds From Sale Of Productive Assets Operating Activities
ProceedsFromSaleOfProductiveAssetsOperatingActivities
16200000 usd
rent Gain Loss On Liquidation Of Rental Product
GainLossOnLiquidationOfRentalProduct
-600000 usd
rent Gain Loss On Liquidation Of Rental Product
GainLossOnLiquidationOfRentalProduct
900000 usd
us-gaap Paid In Kind Interest
PaidInKindInterest
0 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
20000000.0 usd
us-gaap Share Based Compensation
ShareBasedCompensation
7600000 usd
rent Increase Decrease In Prepaid Expense And Other Assets Current
IncreaseDecreaseInPrepaidExpenseAndOtherAssetsCurrent
3300000 usd
rent Increase Decrease In Prepaid Expense And Other Assets Current
IncreaseDecreaseInPrepaidExpenseAndOtherAssetsCurrent
3900000 usd
rent Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
-2000000.0 usd
rent Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
8100000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
1100000 usd
rent Increase Decrease In Accounts Payable Accrued Liabilities And Other Liabilities Current
IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndOtherLiabilitiesCurrent
200000 usd
rent Increase Decrease In Accounts Payable Accrued Liabilities And Other Liabilities Current
IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndOtherLiabilitiesCurrent
-4400000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
700000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-2400000 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-200000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
11500000 usd
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
41400000 usd
rent Proceeds From Liquidation Of Rental Product
ProceedsFromLiquidationOfRentalProduct
3400000 usd
rent Proceeds From Liquidation Of Rental Product
ProceedsFromLiquidationOfRentalProduct
3700000 usd
us-gaap Proceeds From Sale Of Other Productive Assets
ProceedsFromSaleOfOtherProductiveAssets
20100000 usd
rent Payments To Acquire Property Plant And Equipment And Intangible Assets
PaymentsToAcquirePropertyPlantAndEquipmentAndIntangibleAssets
2900000 usd
rent Payments To Acquire Property Plant And Equipment And Intangible Assets
PaymentsToAcquirePropertyPlantAndEquipmentAndIntangibleAssets
3200000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-20800000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1600000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1600000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-10900000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
94000000.0 usd
CY2024Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
74100000 usd
CY2024Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
4600000 usd
CY2024Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
4400000 usd
CY2024Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
83100000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
115900000 usd
rent Operating Lease Payments Reimbursements
OperatingLeasePaymentsReimbursements
8200000 usd
rent Operating Lease Payments Reimbursements
OperatingLeasePaymentsReimbursements
8300000 usd
rent Receipt Of Fixed Assets And Intangibles Prior Period
ReceiptOfFixedAssetsAndIntangiblesPriorPeriod
300000 usd
rent Receipt Of Fixed Assets And Intangibles Prior Period
ReceiptOfFixedAssetsAndIntangiblesPriorPeriod
100000 usd
rent Receipt Of Rental Product Prior Period
ReceiptOfRentalProductPriorPeriod
1400000 usd
rent Receipt Of Rental Product Prior Period
ReceiptOfRentalProductPriorPeriod
5400000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
400000 usd
rent Right Of Use Asset And Lease Liability Adjustment
RightOfUseAssetAndLeaseLiabilityAdjustment
0 usd
rent Right Of Use Asset And Lease Liability Adjustment
RightOfUseAssetAndLeaseLiabilityAdjustment
10600000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
100000 usd
rent Rental Product Expenditures Incurred But Not Yet Paid
RentalProductExpendituresIncurredButNotYetPaid
6700000 usd
rent Rental Product Expenditures Incurred But Not Yet Paid
RentalProductExpendituresIncurredButNotYetPaid
17300000 usd
us-gaap Nature Of Operations
NatureOfOperations
<span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:18.67pt">Business</span><div style="margin-top:6pt;padding-left:27pt"><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Description of Business</span></div><div style="margin-top:6pt;padding-left:27pt"><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Rent the Runway, Inc.’s (the “Company”) mission is to empower women to feel their best every day. Launched in November 2009, the Company has built the world’s first shared designer closet wit</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">h thousands of styles by hundreds of brand partners. The</span><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Company gives customers access to its “unlimited closet” through its subscription offering (“Subscription”) or the ability to rent a-la-carte through its reserve offering (“Reserve”). The Company’s corporate headquarters is located in Brooklyn, New York and its operational facilities are located in Secaucus, New Jersey, and Arlington, Texas. Its wholly-owned subsidiary, Rent the Runway Limited, is located in Galway, Ireland, and is focused on software development and support activities. </span></div><div style="margin-top:6pt;padding-left:27pt"><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">All revenue is currently generated in the United States. Substantially all revenue is derived from rental subscription fees and a-la-carte rental fees, with a portion derived from the sale of apparel and accessories and other fees.</span></div>
CY2024Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2024Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2024Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2024Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
us-gaap Fiscal Period
FiscalPeriod
<div style="margin-top:6pt;padding-left:27pt"><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Fiscal Year</span></div><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">fiscal year ends on January 31 of the next calendar year. For example, references to “fiscal year 2024” refer to the fiscal year ending January 31, 2025 and references to “fiscal year 2023” refer to the fiscal year ended January 31, 2024</span>.
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:6pt;padding-left:27pt"><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;padding-left:27pt"><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. The Company bases its estimates on historical experience, market conditions, and on various other assumptions that are believed to be reasonable. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include the useful life and salvage value of rental product, incremental borrowing rate to determine lease liabilities, valuation of share-based compensation and warran</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ts, and recoverability of long-lived assets.</span></div><div style="margin-top:6pt;padding-left:27pt"><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of October 31, 2024, the effects of the macroeconomic environment on the Company’s business, results of operations, and financial condition continue to evolve. As a result, many of the Company’s estimates and assumptions required increased judgment and carry a higher degree of variability and volatility. As additional information becomes available, the Company’s estimates may change materially in future periods.</span></div>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:6pt;padding-left:27pt"><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentrations of Credit Risks</span></div><div style="margin-top:6pt;padding-left:27pt"><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents. The Company places its cash investments with high credit quality financial institutions. The Company believes no significant credit risk exists with respect to these financial instruments.</span></div>
CY2024Q4 rent Assets Held For Sale Rental Product
AssetsHeldForSaleRentalProduct
3500000 usd
CY2024Q1 rent Assets Held For Sale Rental Product
AssetsHeldForSaleRentalProduct
3000000.0 usd
CY2024Q4 rent Accelerated Depreciation Rental Product Held For Sale
AcceleratedDepreciationRentalProductHeldForSale
1800000 usd
CY2023Q4 rent Accelerated Depreciation Rental Product Held For Sale
AcceleratedDepreciationRentalProductHeldForSale
1500000 usd
rent Accelerated Depreciation Rental Product Held For Sale
AcceleratedDepreciationRentalProductHeldForSale
4200000 usd
rent Accelerated Depreciation Rental Product Held For Sale
AcceleratedDepreciationRentalProductHeldForSale
3500000 usd
us-gaap Proceeds From Sale Of Other Productive Assets
ProceedsFromSaleOfOtherProductiveAssets
20100000 usd
us-gaap Proceeds From Sale Of Other Productive Assets
ProceedsFromSaleOfOtherProductiveAssets
16200000 usd
rent Proceeds From Liquidation Of Rental Product
ProceedsFromLiquidationOfRentalProduct
3400000 usd
rent Proceeds From Liquidation Of Rental Product
ProceedsFromLiquidationOfRentalProduct
3700000 usd
CY2024Q4 rent Contract With Customer Liability Revenue Recognized Including Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingOpeningBalance
400000 usd
CY2023Q4 rent Contract With Customer Liability Revenue Recognized Including Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingOpeningBalance
500000 usd
rent Contract With Customer Liability Revenue Recognized Including Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingOpeningBalance
1000000.0 usd
rent Contract With Customer Liability Revenue Recognized Including Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingOpeningBalance
1300000 usd
CY2024Q4 rent Operating Lease Lessor Time For Order Placement
OperatingLeaseLessorTimeForOrderPlacement
P4M
CY2024Q2 rent Operating Lease Lessor Time For Order Placement
OperatingLeaseLessorTimeForOrderPlacement
P2M
CY2024Q4 rent Interest And Amortization Of Debt Discounts
InterestAndAmortizationOfDebtDiscounts
6900000 usd
CY2023Q4 rent Interest And Amortization Of Debt Discounts
InterestAndAmortizationOfDebtDiscounts
11300000 usd
rent Interest And Amortization Of Debt Discounts
InterestAndAmortizationOfDebtDiscounts
20100000 usd
CY2022Q3 us-gaap Effect On Future Earnings Amount
EffectOnFutureEarningsAmount
27000000 usd
CY2024Q1 us-gaap Effect On Future Earnings Amount
EffectOnFutureEarningsAmount
12000000 usd
CY2024Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
74100000 usd
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
84000000.0 usd
CY2024Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
326700000 usd
CY2024Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
306700000 usd
CY2024Q1 us-gaap Restructuring And Related Cost Number Of Positions Eliminated Period Percent
RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent
0.10
CY2024Q4 us-gaap Restructuring Reserve
RestructuringReserve
200000 usd
CY2024Q1 us-gaap Restructuring Reserve
RestructuringReserve
700000 usd
CY2024 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1100000 usd
CY2024Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1100000 usd
CY2024Q1 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P5Y
CY2024 rent Operating Lease Liabilities Adjustment For Lease Modification
OperatingLeaseLiabilitiesAdjustmentForLeaseModification
9900000 usd
CY2024 rent Operating Lease Right Of Use Asset Adjustment For Lease Modification
OperatingLeaseRightOfUseAssetAdjustmentForLeaseModification
9900000 usd
CY2024Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2700000 usd
CY2024Q4 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
100000 usd
CY2024Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
11300000 usd
CY2024Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
300000 usd
CY2024Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
11300000 usd
CY2024Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
100000 usd
CY2024Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
11200000 usd
CY2024Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
100000 usd
CY2024Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
11300000 usd
CY2024Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
100000 usd
CY2024Q4 rent Lessee Operating Lease Liability To Be Paid Due After Year Four
LesseeOperatingLeaseLiabilityToBePaidDueAfterYearFour
28900000 usd
CY2024Q4 rent Finance Lease Liability To Be Paid Due After Year Four
FinanceLeaseLiabilityToBePaidDueAfterYearFour
300000 usd
CY2024Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
76700000 usd
CY2024Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
1000000.0 usd
CY2024Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
30400000 usd
CY2024Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
300000 usd
CY2024Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
46300000 usd
CY2024Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
700000 usd
CY2024Q4 rent Rental Product Gross
RentalProductGross
165500000 usd
CY2024Q1 rent Rental Product Gross
RentalProductGross
171900000 usd
CY2024Q4 rent Accumulated Depreciation Depletion And Amortization Rental Product
AccumulatedDepreciationDepletionAndAmortizationRentalProduct
76400000 usd
CY2024Q1 rent Accumulated Depreciation Depletion And Amortization Rental Product
AccumulatedDepreciationDepletionAndAmortizationRentalProduct
77900000 usd
CY2024Q4 rent Rental Product Net
RentalProductNet
89100000 usd
CY2024Q1 rent Rental Product Net
RentalProductNet
94000000.0 usd
CY2024Q4 rent Depreciation Expense And Write Off Rental Product And Rental Product Sold
DepreciationExpenseAndWriteOffRentalProductAndRentalProductSold
16500000 usd
CY2023Q4 rent Depreciation Expense And Write Off Rental Product And Rental Product Sold
DepreciationExpenseAndWriteOffRentalProductAndRentalProductSold
15500000 usd
rent Depreciation Expense And Write Off Rental Product And Rental Product Sold
DepreciationExpenseAndWriteOffRentalProductAndRentalProductSold
47600000 usd
rent Depreciation Expense And Write Off Rental Product And Rental Product Sold
DepreciationExpenseAndWriteOffRentalProductAndRentalProductSold
40400000 usd
CY2024Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 usd
CY2024Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 usd
CY2024Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
326700000 usd
CY2024Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
306700000 usd
CY2023Q4 rent Debt Instrument Covenant Terms Minimum Liquidity Maintenance
DebtInstrumentCovenantTermsMinimumLiquidityMaintenance
50000000 usd
CY2023Q4 rent Debt Instrument Covenant Terms Minimum Liquidity Maintenance
DebtInstrumentCovenantTermsMinimumLiquidityMaintenance
30000000 usd
CY2024Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1400000 usd
CY2024Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1200000 usd
CY2024Q4 rent Accrued Operating And General Liabilities Current
AccruedOperatingAndGeneralLiabilitiesCurrent
7200000 usd
CY2024Q1 rent Accrued Operating And General Liabilities Current
AccruedOperatingAndGeneralLiabilitiesCurrent
7600000 usd
CY2024Q4 rent Revenue Share Payable
RevenueSharePayable
7400000 usd
CY2024Q1 rent Revenue Share Payable
RevenueSharePayable
6000000.0 usd
CY2024Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3800000 usd
CY2024Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4500000 usd
CY2024Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
0 usd
CY2024Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
1200000 usd
CY2024Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
1800000 usd
CY2024Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
1900000 usd
CY2024Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
500000 usd
CY2024Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
500000 usd
CY2024Q4 rent Accrued Liabilities And Other Liabilities Current
AccruedLiabilitiesAndOtherLiabilitiesCurrent
20700000 usd
CY2024Q1 rent Accrued Liabilities And Other Liabilities Current
AccruedLiabilitiesAndOtherLiabilitiesCurrent
21700000 usd
CY2024Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
307500000 usd
CY2024Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2024Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2023 rent Increase Decrease In Common Stock Value Issued Reverse Stock Split
IncreaseDecreaseInCommonStockValueIssuedReverseStockSplit
-100000 usd
rent Increase Decrease In Common Stock Value Issued Reverse Stock Split
IncreaseDecreaseInCommonStockValueIssuedReverseStockSplit
-100000 usd
CY2023Q1 rent Adjustments To Additional Paid In Capital Reverse Stock Split
AdjustmentsToAdditionalPaidInCapitalReverseStockSplit
100000 usd
CY2023Q4 rent Adjustments To Additional Paid In Capital Reverse Stock Split
AdjustmentsToAdditionalPaidInCapitalReverseStockSplit
100000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
157.80
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y9M14D
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 usd
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
162.83
CY2024Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
160.57
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y1M17D
CY2024Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 usd
CY2024Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
159.22
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y1M6D
CY2024Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 usd
CY2024Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2200000 usd
CY2023Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4900000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7600000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
21100000 usd
CY2024Q4 us-gaap Net Income Loss
NetIncomeLoss
-18900000 usd
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
-31500000 usd
CY2024Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3823542 shares
CY2023Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3464848 shares
CY2023Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3464848 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3736161 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3380439 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3380439 shares
CY2024Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-4.94
CY2023Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-9.09
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-15.12
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-26.15
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-26.15
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
555434 shares
CY2024Q4 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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