Andrew Boone

Ashley Helgans

Blake Anderson

Matthew Condon

- Rent the Runway announced a recapitalization plan on **August 21, 2025**, designed to strengthen its balance sheet by reducing total debt from over **$340 million** to approximately **$120 million**.  **[1468327_2139130_1]**  The plan includes new capital contributions from Aranda Principal Strategies, StoryTree Capital Partners, and Nexus Capital Management, with the maturity on the debt extended to **2029**.  **[1468327_2139130_1]**  The transaction is expected to be consummated by **December 31st** of this year.  **[1468327_2139130_1]** 
- The company ended Q2 2025 with **146,400 active subscribers**, marking a **13.4% year-over-year increase**, which accelerated from **0.9%** in Q1 2025 and **-4.9%** in Q4 2024.  **[1468327_2139130_1]** **[1468327_2139130_4]** 
- For Q2 2025, total revenue was **$80.9 million**, up **2.5% year-over-year**. Gross margins were **30%**, and Adjusted EBITDA was **$3.6 million**, or **4.4% of revenue**.  **[1468327_2139130_4]** **[1468327_2139130_5]**  Free cash flow for the quarter was negative **$26.5 million**.  **[1468327_2139130_5]** 
- For Q3 2025, Rent the Runway expects revenue to be between **$82 million** and **$84 million**, with Adjusted EBITDA margins between negative **2%** and **2%** of revenue.  **[1468327_2139130_5]**  Fiscal year 2025 free cash flow is now expected to be lower than negative **$40 million**, primarily due to costs associated with the recapitalization transaction.  **[1468327_2139130_5]**

Rent the Runway Reports Q2 2025 Results and Announces Recapitalization Plan

- Rent the Runway announced a transformative capital transaction where Aranda Principal Strategies (APS) is converting over **$100M** of debt into common equity, and APS, STORY3 Capital Partners, and Nexus Capital Management are contributing **$20M** of incremental cash, reducing the outstanding debt balance to **$120M** with maturity extended to **2029**.  **[1468327_2139048:6]** 
- For Q2 2025, total revenue was **$80.9M**, representing a **2.5%** year-over-year increase, and ending active subscribers grew **13.4%** year-over-year to **146.4K**.  **[1468327_2139048:7]** 
- The company provided Q3 2025 total revenue guidance of **$82M to $84M** and expects **double-digit growth in ending active subscribers for FY2025**.  **[1468327_2139048:14]** 
- Rent the Runway raised prices for its subscription plans by an average of **~$2 per item** as of August 1st.  **[1468327_2139048:12]**

Rent the Runway Reports Q2 2025 Results and Announces Capital Transaction

- Rent the Runway announced a recapitalization plan on August 21, 2025, which is expected to reduce its total debt from over **$340 million** to approximately **$120 million** and extend the debt maturity to **2029**.  **[1468327_2141012_1]**  The plan involves existing lender Aranda Principal Strategies (APS) partnering with StoryTree Capital Partners and Nexus Capital Management, with new capital being contributed to support growth initiatives.  **[1468327_2141012_1]** 
- For Q2 2025, Rent the Runway reported total revenue of **$80.9 million**, a **2.5%** year-over-year increase.  **[1468327_2141012_4]**  The company ended the quarter with **146,373** active subscribers, representing a **13.4%** year-over-year increase.  **[1468327_2141012_4]** 
- Adjusted EBITDA for Q2 2025 was **$3.6 million**, or **4.4%** of revenue, while free cash flow was negative **$26.5 million**.  **[1468327_2141012_5]** 
- The company provided guidance for Q3 2025, expecting revenue between **$82 million** and **$84 million**, and adjusted EBITDA margins between negative **2%** and **2%** of revenue.  **[1468327_2141012_5]**  For fiscal year 2025, Rent the Runway anticipates **double-digit growth** in ending active subscribers, but free cash flow is expected to be lower than negative **$40 million**, primarily due to recapitalization transaction costs.  **[1468327_2141012_5]**

Rent the Runway Announces Q2 2025 Results and Debt Recapitalization Plan

- Rent the Runway announced a **recapitalization plan** on August 21st, designed to reduce total debt from over **$340 million to approximately $120 million**, with the maturity extended to **2029**, and is expected to be consummated by **December 31st**.  **[1468327_2139409_1]** 
- For Q2 2025, total revenue was **$80.9 million**, marking a **2.5% year-over-year increase**, and the company ended the quarter with **146,373 active subscribers**, an increase of **13.4% year-over-year**.  **[1468327_2139409_1]** **[1468327_2139409_4]** 
- Adjusted EBITDA for Q2 2025 was **$3.6 million**, or **4.4% of revenue**, compared to $13.7 million (17.4% of revenue) in Q2 2024, and free cash flow was negative **$26.5 million**.  **[1468327_2139409_5]** 
- The company provided Q3 2025 guidance, expecting revenue between **$82 million and $84 million** and adjusted EBITDA margins between **negative 2% and 2% of revenue**.  **[1468327_2139409_5]**

Rent the Runway Announces Q2 2025 Results and Recapitalization Plan

- Rent the Runway announced a **recapitalization plan** to significantly reduce its total debt from over **$340 million to approximately $120 million**, extend debt maturity to **2029**, and inject new capital, with the deal expected to close by **December 31, 2025**.  **[1468327_2139413_1]** 
- The company ended Q2 2025 with **146,400 active subscribers**, representing a **13.4% year-over-year increase**, accelerating from previous quarters.  **[1468327_2139413_1]** **[1468327_2139413_4]** 
- Total revenue for Q2 2025 was **$80.9 million**, a **2.5% year-over-year increase**, while Adjusted EBITDA was **$3.6 million** (or **4.4% of revenue**), down from Q2 2024 primarily due to higher revenue share expenses.  **[1468327_2139413_4]** **[1468327_2139413_5]** 
- Free cash flow for Q2 2025 was **-$26.5 million**, a decrease from -$4.5 million in Q2 2024, primarily due to lower Adjusted EBITDA and higher rental product purchases for inventory.  **[1468327_2139413_5]** 
- For Q3 2025, revenue is expected to be between **$82 million and $84 million**, with Adjusted EBITDA margins between **-2% and 2% of revenue**. For fiscal year 2025, the company expects **double-digit growth in ending active subscribers** but free cash flow to be lower than **-$40 million** due to recapitalization costs.  **[1468327_2139413_5]**

- Rent the Runway, Inc. announced a transformative recapitalization plan, which will reduce its debt from **$340 million to $120 million** and extend the maturity to **2029**.  **[1468327_0001468327-25-000173_q22025earningsrelease.htm:0]** **[1468327_0001468327-25-000173_q22025earningsrelease.htm:1]** 
- For the fiscal quarter ended July 31, 2025, the company reported revenue of **$80.9 million**, a **2.5%** increase year-over-year, and a net loss of **$(26.4) million**.  **[1468327_0001468327-25-000173_q22025earningsrelease.htm:1]** 
- Ending Active Subscribers increased **13.4%** year-over-year to **146,373** as of July 31, 2025.  **[1468327_0001468327-25-000173_q22025earningsrelease.htm:0]** **[1468327_0001468327-25-000173_q22025earningsrelease.htm:1]** 
- For the fiscal third quarter of 2025, Rent the Runway expects revenue between **$82 million and $84 million**.  **[1468327_0001468327-25-000173_q22025earningsrelease.htm:2]**

Rent the Runway Announces Q2 2025 Results

- Rent the Runway reported Q2 2025 **revenue of $80.9 million**, a **2.5% increase** year-over-year, alongside a **net loss of $(26.4) million** and Adjusted EBITDA of **$3.6 million**.  **[1468327_d2b5dc74ea2c4473948be99172a667e7_2]** 
- The company announced a transformative recapitalization plan, reducing debt from **$340 million to $120 million** and extending maturity to **2029**, with partners contributing **$20 million** in incremental cash.  **[1468327_d2b5dc74ea2c4473948be99172a667e7_0]** **[1468327_d2b5dc74ea2c4473948be99172a667e7_1]** 
- Ending Active Subscribers increased by **13.4% year-over-year** to **146,373** as of July 31, 2025.  **[1468327_d2b5dc74ea2c4473948be99172a667e7_0]** **[1468327_d2b5dc74ea2c4473948be99172a667e7_2]** 
- For Q3 2025, Rent the Runway expects revenue between **$82 million and $84 million** and an Adjusted EBITDA Margin between **(2)% and +2%**.  **[1468327_d2b5dc74ea2c4473948be99172a667e7_2]**

Rent the Runway (RENT)