RENT

Image source: The Motley Fool. Wednesday, June 3, 2026 at 8:30 a.m. ET Interim CEO and President — Teri Bariquit Chief Financial Officer — Sid Thacker Teri Bariquit: Thank you, Cara, and thank you all for joining today. I want to take a moment to acknowledge what a meaningful and full few weeks it's been at Rent the Runway. As many of you know, Jennifer Hyman, our Co-Founder and long-term CEO, stepped down from her role in mid-May after 18 years leading the company. I want to thank Jen on behalf of the Board, our team and everyone on this call. Jen took a bold idea and built it into a category-defining platform that has fundamentally changed how women get dressed and experience fashion. She will remain an adviser to the company through January of '27 to support a smooth transition. Stepping into the Interim CEO and President's role at this moment in Rent the Runway's story is truly an honor. For those of you I haven't had a chance to meet yet, I'd like to take a few minutes to introduce a little more about myself. I joined Rent the Runway's Board of Directors in October of last year and I stepped into the Interim CEO and President role following Jen's departure on May 15. Before joining the Board, I spent 37 years at Nordstrom, most recently as Chief Merchandising Officer, where I led more than 1,200 people across buying, planning, product development and inventory management. As part of the executive team at Nordstrom, I collaborated and worked with supply chain, technology, finance, marketing, human resources, legal, along with Nordstrom and Nordstrom Rack stores and online to deliver the best customer experience and offer. During my career, my work is centered on 3 things: understanding how customer needs are changing, building durable partnerships with brands, and leading the kind of operational transformations that allow a business to evolve and grow. I plan to bring all 3 of those focuses to my work at Rent the Runway. I've admired Rent the Runway for a long time now. First, as a retail partner at Nordstrom. Then as a customer who fell in love with what the company makes possible for women. And most recently, as a Board member, working closely with the full Board, Jen and the senior leadership team. I know the strategy, I know the team and I have confidence in where this company is headed. I want to underscore my conviction in our core business strateg...

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Revenue growth of nearly 30% year-over-year was driven by a higher active subscriber base and increased average revenue per subscriber following an August price increase. The 'Right Brands, Right Quantities' inventory strategy executed in 2025 is yielding results, evidenced by a 70% year-over-year increase in add-on revenue as subscribers engage more with extra items. Management is pivoting the 2026 strategy toward 'discovery,' utilizing AI to personalize the customer experience through curated feeds and outfit generation to reduce search time. Operational improvements in AI-generated imagery for older inventory led to a 129% increase in views for those styles, helping customers better visualize products. The company is aggressively diversifying revenue through nascent initiatives including an online marketplace, an advertising and media platform, and a B2B dry cleaning service pilot. A leadership transition is underway with Teri Bariquit serving as Interim CEO following Co-Founder Jennifer Hyman's departure, supported by new senior appointments in commercial and financial roles. Full-year 2026 guidance anticipates double-digit revenue growth and adjusted EBITDA margins between 4% and 7%, supported by strong Q1 performance. Q2 revenue is projected between $91 million and $95 million, assuming a continued decline in the reserve business and uncertainty regarding customer reactions to fuel surcharge pass-throughs. Management expects free cash flow to improve over the full fiscal year as timing-related working capital factors and early inventory receipts become less relevant. The company plans to roll out automated outfit generation in the coming months to transition from individual item discovery to complete look suggestions. Guidance assumes current macroeconomic conditions remain stable but flags potential volatility in transportation costs and consumer confidence as key risks. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. A debt amendment finalized in April 2026 allows the company to pay interest in kind through April 2027, providing near-term cash flow flexibility. Gross margins decreased to 25.9% from 31.5% year-over-year, primarily due to higher re...

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. EBITDA margin also surpassed expectations. We also continued to see significant growth in our add-on business, with add-on revenue increasing 70.4% year-over-year and 11.0% quarter-over-quarter in Q1, driven primarily by higher subscriber engagement following a large inventory infusion and multiple product enhancements launched last year. The company’s focus in 2026 remains on Discovery, and it is continuing to deploy AI-driven experiences designed to deliver the closet of her dreams with more choice, personalization, and flexibility than ever before. Rent the Runway also announced recently that Teri Bariquit has been appointed Interim CEO and President, succeeding Co-Founder Jennifer Hyman, who stepped down after 18 years of category-defining leadership. Ms. Hyman will remain an advisor to the company through January 2027 to ensure a seamless transition. Ms. Bariquit brings 37 years of retail and merchandising leadership to the role, most recently serving as Chief Merchandising Officer at Nordstrom, where she led more than 1,200 team members across Buying, Planning, Product Development, and Inventory Management. She joined Rent the Runway's Board of Directors in October 2025 and will continue to work closely with Executive Chairman Dhiren Fonseca and the Senior Leadership Team to advance the company's strategy, while the Board is actively conducting a search for a permanent CEO. Alongside Ms. Bariquit, the company also welcomed Paige Thomas as Chief Commercial Officer and named Dave Loretta as interim CFO. Ms. Thomas, a 25+ year retail veteran, spent over a decade at Nordstrom and most recently served as Chief Merchant & Product Innovation Officer at Signet Jeweler. Mr. Loretta most recently served as...

This article first appeared on GuruFocus. Release Date: June 03, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Rent the Runway Inc (NASDAQ:RENT) reported a strong first quarter with a 30% year-over-year revenue growth, reaching $90 million, surpassing guidance. The company saw a 70% year-over-year growth in add-on revenue, indicating strong customer engagement with additional product features. The introduction of AI-driven personalized carousels and outfit generation is enhancing customer experience and increasing engagement. New revenue streams, such as the RTR Marketplace and advertising and media platform, show promising early results and potential for scaling. The appointment of experienced retail leaders Paige Thomas as Chief Commercial Officer and Dave Loretta as Interim CFO strengthens the leadership team. There was a deceleration in ending active subscriber growth compared to previous quarters, attributed to tough comparisons and normalized marketing spending. Free cash flow for Q1 2026 was negative $13.6 million, a decline from the previous year, due to timing of payments and higher cash interest expenses. Gross margins decreased to 25.9% in Q1 2026 from 31.5% in Q1 2025, impacted by higher revenue share costs and lower rental product depreciation. The reserve business continued to decline year-over-year, although it showed improving trends compared to the prior quarter. The macroeconomic and geopolitical environment remains uncertain, posing potential risks to transportation costs, fuel surcharges, and consumer confidence. Warning! GuruFocus has detected 6 Warning Signs with RENT. Is RENT fairly valued? Test your thesis with our free DCF calculator. Q: Can you elaborate on the strategic focus for Rent the Runway in 2026 and how AI is being integrated into your operations? A: Teri Bariquit, Interim CEO, highlighted that 2026 is centered on discovery, particularly through AI deployment. The company launched personalized carousels for subscribers, enhancing item discovery and engagement. AI imagery updates have improved inventory visuals, increasing user interaction by 129%. Additionally, outfit generation is being tested to suggest complete looks, aiming to transform customer experience on the platform. Q: What are the key growth initiatives Rent the Runway is pursuing beyond its core rental...

Interested in Rent the Runway, Inc.? Here are five stocks we like better. Rent the Runway delivered a strong fiscal Q1 2026, with revenue of $89.9 million, up 29.2% year over year and above guidance, driven by higher subscription revenue, add-on purchases and retail growth. The company is undergoing a leadership transition after founder and longtime CEO Jennifer Hyman stepped down, with interim CEO Teri Bariquit emphasizing a focus on customer experience, brand partnerships and operational execution. Rent the Runway also named new senior leaders, including a chief commercial officer and interim CFO. Management reiterated its full-year outlook for double-digit revenue growth and adjusted EBITDA of 4% to 7% of revenue, while highlighting AI-powered discovery tools and new initiatives like a marketplace and B2B services as future growth drivers. 3 High-Risk, High-Reward Micro-Cap Stocks You Shouldn't Ignore 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. The apparel rental company posted total revenue of $89.9 million for the quarter, up 29.2% year over year and above its prior guidance range of $85 million to $87 million. Interim CEO Teri Bariquit said the quarter showed that the company’s strategy is “working,” citing growth in subscription revenue, add-on revenue and emerging business lines. → Palantir’s Drone Tailwind Puts Its Defense AI Story Back in Focus for Investors Analysts See 180% Upside for Rent the Runway: Should You Buy? “We had a great first quarter, fiscal year 2026, where we grew revenue and made progress against our goal to diversify revenue streams,” Bariquit said on the call. The earnings call was the company’s first since co-founder and longtime CEO Jennifer Hyman stepped down in mid-May after 18 years leading Rent the Runway. Bariquit, who joined the board in October and became interim CEO and president following Hyman’s departure on May 15, thanked Hyman and said she will remain an adviser through Jan. 27 to support the transition. → Best Buy’s AI Laptop Boost Sparks Hope for a BBY Turnaround Bariquit also outlined her background, noting she spent 37 years at Nordstrom, most recently as chief merchandising officer. She said her focus...

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. The financial results and live webcast, including presentation materials, will be accessible through the Investor Relations section of Rent the Runway’s website at https://investors.renttherunway.com/ under the “Events” section. To access the call through a conference line, dial 1-877-407-3982 (in the U.S.) or 1-201-493-6780 (international callers). A replay of the conference call will be posted shortly after the call and will be available for at least fourteen days. To access the replay, dial 1-844-512-2921 (in the U.S.) or 1-412-317-6671 (international callers). The access code for the replay is 13760590. About Rent the Runway Founded in 2009, Rent the Runway is disrupting the trillion-dollar fashion industry and changing the way women get dressed through the Closet in the Cloud. RTR’s mission has remained the same since its founding: powering women to feel their best every day. Through RTR, customers can subscribe, rent items a-la-carte and shop resale from hundreds of designer brands. The Closet in the Cloud offers a wide assortment of millions 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. RTR has built a two-sided discovery engine, which connects deeply engaged customers and differentiated brand partners on a powerful platform built around its brand, data, logistics and technology. [email protected] Investor [email protected]

Image source: The Motley Fool. Tuesday, April 14, 2026 at 8:30 a.m. ET Chief Executive Officer — Jennifer Hyman Chief Financial Officer — Siddharth Thacker Jennifer Hyman: Thanks, Cara, and thank you, everyone, for joining today. One year ago, we announced that we were making our biggest inventory investment in Rent the Runway history to drive growth. We made a calculated bet based on over 15 years of data and experience that increasing our inventory investment was the strongest lever to unlock customer growth. Today, I am proud to report that this strategy has been successful. In fiscal year 2025, we grew our active subscriber base by 20%, ending the year with 144,000 subscribers. Our goal -- our growth was primarily a result of our inventory strategy and a return to customer obsession throughout the company, marked by a year of continuous transformation of our customer experiences and marketing to make Rent the Runway easier to use, more personalized and more centered around our community. Our customers have responded with record levels of enthusiasm. Our subscription Net Promoter Score grew 39% versus last year and has more than tripled since 2022. We also improved the health of the Rent the Runway model by completing a strategic recapitalization that reduced our total debt from approximately $319 million to $120 million, strengthening our balance sheet and adding investors around the table who are focused on equity value creation. We believe that the data is clear. More choice leads to higher customer loyalty. Inventory-related cancellations dropped 7.6% year-over-year in Q4, and our engagement metrics from app visits to hearts per subscriber have accelerated throughout the year. Today, our average subscriber visits our app 15 times per month, an almost 50% increase over 2024 levels. As we enter fiscal year 2026, we remain committed to our inventory focused strategy and are continuing to make large investments in inventory, but are taking it to the next level. If 2025 was about inventory acquisition, 2026 is about discovery. We are working to move beyond the traditional e-commerce grid and leveraging AI technology to deliver the closet of her dreams with more choice and flexibility than ever before. We are also embarking on a new set of revenue-generating strategies to expand the services we bring to our customers and brand partners, including piloting a...

This article first appeared on GuruFocus. Release Date: April 14, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Rent the Runway Inc (NASDAQ:RENT) reported a 20% growth in its active subscriber base, ending the year with 144,000 subscribers. The company's subscription Net Promoter Score increased by 39% year-over-year, indicating improved customer satisfaction. Rent the Runway Inc (NASDAQ:RENT) successfully reduced its total debt from approximately $319 million to $120 million, strengthening its balance sheet. The company is leveraging AI technology to enhance customer experience and improve backend operations, aiming for higher productivity and margin efficiencies. Rent the Runway Inc (NASDAQ:RENT) is expanding its revenue streams by piloting an online marketplace and launching B2B dry cleaning services, among other initiatives. Free cash flow declined significantly to negative $46 million in fiscal year 2025 from negative $7.2 million in fiscal year 2024 due to front-loaded inventory investments. Adjusted EBITDA margins for Q1 2026 are expected to be between negative 5% and negative 7%, reflecting higher revenue share expenses. The company anticipates a deceleration in year-over-year ending active subscriber growth in subsequent quarters. Fiscal year 2026 adjusted EBITDA is expected to be negatively impacted by a higher mix of revenue share units, leading to increased expenses. The macroeconomic and geopolitical environment remains uncertain, posing potential risks to transportation costs, fuel surcharges, and consumer confidence. Warning! GuruFocus has detected 5 Warning Signs with RENT. Is RENT fairly valued? Test your thesis with our free DCF calculator. Q: Can you elaborate on the success of your inventory strategy in fiscal year 2025? A: Jennifer Hyman, CEO, explained that the inventory strategy led to a 20% growth in the active subscriber base, ending the year with 144,000 subscribers. This growth was driven by increased inventory investment, which improved customer experiences and loyalty, as evidenced by a 39% increase in the Net Promoter Score. The strategy also reduced inventory-related cancellations by 7.6% year-over-year in Q4. Q: What are the key components of your 2026 inventory plan? A: Jennifer Hyman, CEO, outlined three pillars: opportunistic procurement in a challenging retail env...

The company successfully executed its largest-ever inventory investment strategy in fiscal 2025, which management identifies as the primary lever for a 20% growth in active subscribers. Operational focus is shifting from inventory acquisition to 'discovery,' leveraging AI to move beyond traditional e-commerce grids toward curated aesthetics and complete looks. Customer engagement metrics accelerated throughout the year, with average subscribers visiting the app 15 times per month, a nearly 50% increase attributed to improved inventory choice. A strategic recapitalization reduced total debt from approximately $319 million to $120 million, intended to stabilize the balance sheet and align with equity-focused investors. Management is reallocating a significant portion of the paid marketing budget toward organic, community-led channels like the Muse and City Ambassador programs to drive 'bold authenticity.' Inventory-related cancellations decreased by 7.6% year-over-year in Q4, validating the thesis that higher inventory depth directly improves customer loyalty and retention. Fiscal 2026 guidance assumes double-digit revenue growth, though year-over-year comparisons will face headwinds in the second half as the impact of the August 2025 price increase is lapped. The company expects significantly improved free cash flow trends in 2026 as it reduces capital expenditures for rental products by approximately $25 million to $30 million compared to the prior year. Strategic expansion into high-margin revenue streams is planned, including a B2B dry cleaning service, an online marketplace for essentials, and an expanded advertising media business. AI integration is expected to drive margin efficiencies through computer vision for quality control and machine learning for dynamic pricing to maximize unit yield. Management anticipates a shift in inventory mix toward the 'Share by RTR' revenue-share model, which lowers upfront capital requirements but will increase variable expenses and impact adjusted EBITDA margins. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Q4 2025 adjusted EBITDA margins were positively impacted by 2.1% due to a one-time reversal of incentive compensation accruals. Free cash flow declined to negative $46 million in fiscal 2025 from negative $7.2...

Big inventory bet paid off: Rent the Runway's "biggest inventory investment" helped end fiscal 2025 with about 144,000 subscribers (up ~20% YoY), higher engagement (app visits ~+50%) and improved NPS, while inventory-related cancellations fell 7.6%. Balance sheet and profit dynamics: A strategic recapitalization cut debt from roughly $319M to $120M, Q4 revenue rose 20% to $91.7M with gross margin improving to 38.6% and adjusted EBITDA of $18.3M, but FY25 free cash flow was negative $46M due to front‑loaded inventory; management guides to double‑digit revenue growth for 2026 and adjusted EBITDA of 4–7% while cutting rental product acquisition to $45–50M. Shift to discovery and revenue diversification in 2026: Management will prioritize AI-driven discovery (outfit grouping, conversational search, richer PDPs), expand community‑led marketing (Muse, City Ambassadors), and pilot new revenue streams like an online marketplace, advertising partnerships and B2B logistics services. Interested in Rent the Runway, Inc.? Here are five stocks we like better. 3 High-Risk, High-Reward Micro-Cap Stocks You Shouldn't Ignore Rent the Runway (NASDAQ:RENT) executives used the company’s fiscal fourth-quarter 2025 earnings call to highlight a return to subscriber growth following what CEO Jennifer Hyman described as the company’s “biggest inventory investment” in its history, alongside a balance sheet recapitalization and a new slate of initiatives aimed at improving product discovery and diversifying revenue. Hyman said the company made a “calculated bet” that increasing inventory would be the strongest lever to unlock customer growth, and she reported that the strategy “has been successful.” Rent the Runway ended fiscal 2025 with 144,000 subscribers, representing 20% active subscriber growth for the year, according to Hyman. → 5 Space Stocks Already Climbing Ahead of the SpaceX IPO Analysts See 180% Upside for Rent the Runway: Should You Buy? She attributed the growth “primarily” to the inventory strategy and a renewed focus on customer experience and marketing, designed to make the service “easier to use, more personalized, and more centered around our community.” Hyman said customers responded with “record levels of enthusiasm,” citing a subscription Net Promoter Score that increased 39% versus last year and has “more than tripled since 2022.” Hyman also pointed to metrics in...

Strong Finish to FY25 with Q4 Ending Active Subscribers +20.1% YoY; Revenue up 20% YoY Highest Quarterly Revenue in Company History at $91.7M RTR Exits FY25 with Transformed Balance Sheet, Improved Inventory Position, Robust Product Roadmap, and Higher Customer Satisfaction. Expects Double-Digit Revenue Growth in FY26 Led By Continued Product and Inventory Experience Improvements NEW YORK, April 14, 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 and fiscal year 2025 ended January 31, 2026. Recent Business Highlights Drove Significant Growth in Active Subscriber Base: Ended Fiscal Year 2025 with 143,796 active subscribers, representing a 20% year-over-year increase. This growth was supported by making our largest ever inventory investment last year, which served as the primary lever to driving substantial improvements in subscriber loyalty. Record levels of Customer Satisfaction: Achieved 39% year-over-year growth in Subscription Net Promoter Score for fiscal year 2025, which has more than tripled since 2022 Achieved Significant Success in Subscription Add-ons: Q4 2025 add-on revenue grew by 67% year-over-year, increasing from 40% in Q3, 24% in Q2 and 4% in Q1. We’re aiming to expand on this momentum in 2026 to drive higher revenue per subscriber by expanding membership flexibility, giving her more freedom to get the inventory she wants when she wants it and higher cross-sell across our offerings. Launched RTR Marketplace Pilot: In March 2026, we began testing a highly curated purchase destination for wardrobe essentials—including shoes, beauty, and basics—to a subset of loyal subscribers with the goal to drive order "attach rates." According to a 2025 Customer Survey, 86% of respondents expressed interest in purchasing complementary items from Rent the Runway. Search and Browsing Experience: We’ve recently launched a series of improvements that make it easier for our customers to find styles to rent. We have a new search algorithm that we launched in February 2026 that has performed approximately 10% better in subscription conversion rate; in December 2025, we launched a new AI-driven similar styles recommendation across our product detail pages (PDPs) and introduced Quick Hearting, a new way of browsing tha...