Rent the Runway/RENT

$0.40

-3.43%
-
1D1W1MYTD1YMAX

About Rent the Runway

Rent the Runway, Inc. is engaged in providing shared designer closet platform. It 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). It also gives its subscribers and customers the ability to buy its products through its resale offering. Its Closet in the Cloud offers an assortment of items for every occasion, from evening wear and accessories to ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear and ski wear. It has built a two-sided discovery engine, which connects customers and differentiated brand partners on a platform built around its brand, data, logistics and technology. Through its platform, it has helped approximately three million lifetime customers discover the transformative of utilizing its Closet in the Cloud across all its offerings. It has approximately 141,205 active subscribers.

Ticker

RENT

Sector

Consumer Cyclicals

Trading on

NASDAQ

Industry

Apparel/Accessories

CEO

Jennifer Hyman

Employees

880

Headquarters

Brooklyn, United States

Rent the Runway Metrics

BasicAdvanced
$29.07M
Market cap
-
P/E ratio
-$1.71
EPS
-
Beta
-
Dividend rate

What the Analysts think about Rent the Runway

Analyst Ratings

Majority rating from 8 analysts.
Hold

Price Targets

Average projection from 7 analysts.
270% upside
High $3.00
Low $0.60
$0.40
Current price
$1.48
Average price target

Rent the Runway Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
-43.44% profit margin
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$72.5M
-4.23%
Net income
$-31.5M
17.54%
Profit margin
-43.44%
22.71%

Rent the Runway Earnings Performance

Earnings per share (EPS)

Company profitability
Missed by 5.26%
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
-$0.40
-$0.46
-$0.40
-$0.45
-
Expected
-$0.51
-$0.49
-$0.43
-$0.43
-$0.29
Surprise
-21.26%
-6.36%
-6.01%
5.26%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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