Rent the Runway (RENT) Registration filing summary

Company overview and business model

• Operates a platform offering designer apparel and accessories for rent via subscription, a la carte, and resale channels, serving 3.5 million lifetime customers and 186,019 total subscribers as of July 31, 2026.

• Partners with hundreds of designer brands, providing customers access to a wide assortment of current season styles and brands with a focus on younger demographics.

• Leverages proprietary technology, logistics, and data to optimize inventory, customer experience, and brand partner relationships.

Financial performance and metrics

• For the six months ended July 31, 2026, total revenue was $187.6 million, up from $150.5 million in the prior year period.

• Net loss for the six months ended July 31, 2026 was $31.8 million, an improvement from a $52.5 million loss in the prior year period.

• As of July 31, 2026, cash and cash equivalents were $29.0 million, with total assets of $192.4 million and total liabilities of $257.9 million.

• Net tangible book value per share as of July 31, 2026 was $(2.81); after the offering, as adjusted, it would be $(2.12) per share.

Use of proceeds and capital allocation

• Net proceeds of approximately $14.3 million from the offering are intended for general corporate purposes.

• Recently secured a $10 million incremental term loan facility to enhance liquidity.