Rent the Runway (RENT)
Rents designer apparel through subscriptions, short-term reservations, and resale.
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Generates recurring fees from monthly designer-apparel subscriptions, earns one-time rental fees through Reserve, and sells selected used inventory. Its centralized U.S. inventory and fulfillment network combine rental circulation, cleaning, repair, shipping, and resale.
Combines Subscription/Membership plans, Reserve short-term rentals, and Resale of selected pre-owned inventory in a single U.S. fashion-access platform. Monthly members rotate designer apparel and accessories, while Reserve customers book particular items for set dates; resale disposes of rental assets. Marketplace purchases, advertising/media, and outside cleaning are early-stage additions.
Runs a centrally managed wardrobe through leased fulfillment centers in New Jersey and Texas, where garments are received, inspected, cleaned, repaired, stored, and redistributed. Customer data, merchandising, and exclusive designs support selection and circulation, while retention, item availability, brand partners, shipping, payment providers, and the concentrated fulfillment network remain central operating dependencies. All revenue comes from the United States.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
No analyst notes in the last 24 months.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jul 31, 2026Cash & short-term investments $29.0M · Total debt $196.0M · Total assets $192.4M · Shareholders' equity −$65.5M
- Revenue
- $97.7M
- Operating income
- −$7.8M
- Net income
- −$12.9M
No dividends on record.
| Institutions | 9.27% | 3.13M shares | |
|---|---|---|---|
| 53 holders · as of Jun 30, 2026 | |||
| Insiders | 2.09% | 705.2K shares | |
| 15 holders · as of Sep 16, 2026 | |||
| Strategic holders | 12.66% | 4.27M shares | |
| 1 holder · as of Sep 11, 2026 | |||
| Other | 75.98% | 25.66M shares | |
| remainder | |||
33.77M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
S3 RR Aggregator, LLCStrategic | 12.66% | 4.27M | filed Sep 11, 2026 |
BlackRock, Inc.Institution | 2.46% | 829,245 | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 1.94% | 654,002 | as of Jun 30, 2026 |
Geode Capital Management, LLCInstitution | 1.18% | 399,826 | as of Jun 30, 2026 |
Jennifer HymanInsiderdirector, officer: Co-Founder, CEO & President | 0.67% | 168,152 · 57,906 | filed Oct 30, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 14, 2026 | Dhiren R. Fonseca | director | −25,132 | $1.94 |
| Jul 24, 2026 | Dhiren R. Fonseca | director | −34,516 | $2.99 |
- Urban Outfitters
Nuuly is the closest substitute in monthly apparel rental.
- Stitch Fix
Wardrobe discovery and spend overlap with buy-to-keep styling.
- Revolve
Designer occasionwear retail is an ownership alternative to Reserve.
- The RealReal (ADR)
Luxury resale overlaps in secondhand designer wardrobe purchases.
- ThredUp
Online resale contests the disposition and purchase of used apparel.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Rent the Runway | $1.77 | −6.12% | $63.1M | 0.1 | — | 0.2 | +20.8% |
| Urban Outfitters | $74.40 | −0.83% | $6.42B | 11.7 | 11.4 | 1.0 | +10.4% |
| Stitch Fix | $2.84 | −5.18% | $398.9M | — | — | 0.3 | +4.7% |
| Revolve | $21.11 | −1.81% | $1.53B | 21.3 | 22.1 | 1.2 | +12.4% |
| The RealReal (ADR) | $9.19 | −7.14% | $1.19B | — | 52.8 | 1.6 | +16.6% |
| ThredUp | $2.34 | −4.42% | $316.2M | — | — | 0.9 | +16.9% |
| Median | 16.5 | 22.1 | 1.0 | +12.4% |