← Rent the Runway, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | ($153.9m) |
($171.1m)
-11.18%
|
($211.8m)
-23.79%
|
($138.7m)
+34.51%
|
($113.2m)
+18.39%
|
($69.9m)
+38.25%
|
$22.6m
+132.33%
|
— | |
| Rental product depreciation and write-offs | $61.6m | $55.9m | $45.6m | $46.2m | $44.0m | $46.2m | $43.4m | — | |
| Other depreciation and amortization | $21.6m | $24.1m | $19.5m | $16.4m | $14.7m | $12.5m | $9.9m | — | |
| Amortization of debt (premium) discount | $4.0m | $5.0m | $5.9m | $4.3m | $11.7m | $27.0m | ($3.3m) | — | |
| Depreciation | — | — | — | $62.6m | $58.7m | $58.7m | $53.3m | $52.7m | |
| Share-based compensation expense | $6.8m | $8.2m | $26.6m | $25.4m | $26.2m | $9.7m | $4.2m | $4.2m | |
| Loss on asset impairment related to restructuring | — | $0 | $0 | $4.9m | $1.0m | $0 | $0 | — | |
| Accrued expense related to the loss on asset impairment | — | $0 | $0 | $400k | $100k | $0 | $0 | — | |
| Asset Impairment Charge | — | — | — | $11.6m | $14.4m | $18.7m | $16.5m | $17.2m | |
| Change In Working Capital | — | — | — | ($7.2m) | ($11.7m) | ($4.5m) | $13.1m | $1.2m | |
| Accounts payable, accrued expenses and other current liabilities | $6.0m | ($4.5m) | $18.4m | ($3.9m) | ($8.4m) | ($2.0m) | $15.3m | $4.7m | |
| Deferred revenue and customer credit liabilities | $1.5m | ($7.3m) | $4.7m | $1.5m | ($1.6m) | ($1.0m) | $1.7m | — | |
| Prepaid expenses and other current assets | ($2.4m) | $300k | ($7.0m) | ($2.8m) | $1.1m | $1.1m | $0 | — | |
| Other assets | ($1.3m) | $1.8m | ($3.0m) | $900k | ($1.2m) | ($1.1m) | ($3.2m) | — | |
| Other liabilities | ($8.0m) | ($300k) | $800k | ($300k) | ($400k) | ($300k) | $900k | — | |
| Change In Other Current Assets | — | — | — | $2.9m | ($8.4m) | $700k | ($400k) | $800k | |
| Change In Other Current Liabilities | — | — | — | ($4.9m) | $5.6m | ($3.3m) | ($3.5m) | ($3.9m) | |
| Net cash (used in) provided by operating activities | ($37.6m) |
($42.8m)
-13.83%
|
($42.3m)
+1.17%
|
($47.7m)
-12.77%
|
($15.7m)
+67.09%
|
$12.9m
+182.17%
|
$3.5m
-72.87%
|
($8.6m)
-345.71%
|
|
| Capital Expenditure | — | — | — | ($71.0m) | ($82.5m) | ($53.6m) | ($80.5m) | ($76.6m) | |
| Net cash (used in) provided by investing activities | ($138.6m) | ($58.4m) | ($22.5m) | ($44.3m) | ($54.6m) | ($20.1m) | ($49.5m) | — | |
| Gain on Debt Restructuring | — | — | — | — | $0 | $0 | ($96.3m) | — | |
| Proceeds from long-term debt | $50.0m | $155.0m | $0 | $0 | $0 | $0 | $20.0m | — | |
| Debt restructuring costs paid | — | — | — | — | $0 | $0 | ($11.8m) | — | |
| Change in common stock related to debt restructuring | — | — | — | — | $0 | $0 | $107.6m | — | |
| Issuance Of Debt | — | — | — | $0 | $1.6m | $2.0m | $21.1m | $20.0m | |
| Long Term Debt Issuance | — | — | — | $0 | $0 | $0 | $20.0m | $20.0m | |
| Long Term Debt Payments | — | — | ($135.0m) | $0 | $0 | — | — | — | |
| Net Issuance Payments Of Debt | — | — | — | $0 | $1.6m | $2.0m | $21.1m | $21.1m | |
| Net Short Term Debt Issuance | — | — | — | $0 | $1.6m | $2.0m | $1.1m | $1.1m | |
| Repayment Of Debt | — | — | ($135.0m) | $0 | $0 | — | — | — | |
| Short Term Debt Payments | — | — | $0 | $0 | — | — | — | $0 | |
| Proceeds from issuance of common stock | — | — | — | — | $0 | $0 | $12.5m | $12.7m | |
| Common Stock Issuance | — | — | — | $0 | $0 | $0 | $12.5m | $12.7m | |
| Issuance Of Capital Stock | — | — | — | $0 | $0 | $0 | $12.5m | $12.7m | |
| Other financing payments | ($1.1m) | ($3.4m) | ($1.9m) | ($4.0m) | ($900k) | ($2.3m) | ($2.4m) | — | |
| Net Other Financing Charges | — | — | — | ($4.0m) | ($900k) | ($2.3m) | ($15.0m) | ($14.7m) | |
| Net cash (used in) provided by financing activities | $177.9m |
$168.5m
-5.28%
|
$215.2m
+27.72%
|
($4.0m)
-101.86%
|
$700k
+117.50%
|
($300k)
-142.86%
|
$18.6m
+6300.00%
|
— | |
| Net (decrease) increase in cash and cash equivalents and restricted cash | $1.7m | $67.3m | $150.4m | ($96.0m) | ($69.6m) | ($7.5m) | ($27.4m) | — | |
| Cash and cash equivalents and restricted cash at beginning of period | $41.9m | $109.2m | $259.6m | $163.6m | $94.0m | $86.5m | $59.1m | — | |
| Beginning Cash Position | — | — | — | $259.6m | $163.6m | $94.0m | $86.5m | $79.4m | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Write-off of rental product sold | $14.0m | $14.0m | $4.7m | $6.7m | $13.1m | $18.4m | $16.5m | — | |
| Loss from write-off of fixed and intangible assets and lease termination | — | — | — | $600k | $300k | $300k | $0 | — | |
| Proceeds from rental product sold | ($19.3m) | ($17.9m) | ($12.9m) | ($17.9m) | ($23.3m) | ($28.1m) | ($28.4m) | — | |
| (Gain) / loss from liquidation of rental product | $500k | $900k | ($600k) | ($2.7m) | ($1.0m) | $1.3m | ($400k) | — | |
| Accrual of paid-in-kind interest | $19.0m | $36.9m | $38.8m | $14.3m | $22.5m | $0 | $22.2m | — | |
| Operating lease right-of-use assets | ($34.5m) | ($400k) | $3.4m | $2.0m | ($7.2m) | $1.8m | $2.8m | — | |
| Operating lease liabilities | $46.8m | $11.4m | ($6.2m) | ($4.6m) | $6.0m | ($3.0m) | ($4.4m) | — | |
| Purchases of rental product | ($117.7m) | ($54.9m) | ($30.8m) | ($62.1m) | ($77.9m) | ($49.2m) | ($75.9m) | — | |
| Proceeds from liquidation of rental product | $3.6m | $2.4m | $5.7m | $8.8m | $4.6m | $5.4m | $2.6m | — | |
| Proceeds from sale of rental product | $19.3m | $17.9m | $12.9m | $17.9m | $23.3m | $28.1m | $28.4m | — | |
| Purchases of fixed and intangible assets | ($43.8m) | ($23.8m) | ($10.3m) | ($8.9m) | ($4.6m) | ($4.4m) | ($4.6m) | — | |
| Deferred financing costs paid | — | — | — | — | $0 | $0 | ($400k) | — | |
| Deferred equity issuance costs paid | — | — | — | — | $0 | $0 | ($400k) | — | |
| Proceeds from short-term financing agreements | $0 | $0 | $5.0m | $0 | $1.6m | $2.0m | $1.1m | — | |
| Interest paid on loans | $1.5m | $3.7m | $10.2m | $19.8m | $9.6m | $0 | $0 | — | |
| Interest paid on financing leases | $100k | $0 | $100k | $100k | $200k | $100k | $100k | — | |
| Fixed operating lease payments, net | $7.0m | $2.6m | $15.8m | $13.5m | $11.1m | $10.9m | $11.5m | — | |
| Fixed assets and intangibles received in the prior period | $9.6m | $2.1m | $500k | $800k | $100k | $300k | $0 | — | |
| Rental product received in the prior period | $4.7m | $3.7m | $3.6m | $6.5m | $5.4m | $1.4m | $2.7m | — | |
| Purchases of fixed assets and intangibles not yet settled | $2.1m | $500k | $800k | $100k | $300k | $0 | $200k | — | |
| Purchases of rental product not yet settled | $3.6m | $3.6m | $6.5m | $5.4m | $3.3m | $2.7m | $1.6m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | ($4.0m) | $700k | ($300k) | $18.6m | $19.1m | |
| Cash Flow From Continuing Investing Activities | — | — | — | ($44.3m) | ($54.6m) | ($20.1m) | ($49.5m) | ($44.6m) | |
| Change In Account Payable | — | — | — | ($3.9m) | ($8.4m) | ($2.0m) | $15.3m | $4.7m | |
| Change In Cash Supplemental As Reported | — | — | — | ($96.0m) | ($69.6m) | ($7.5m) | ($27.4m) | — | |
| Change In Other Working Capital | — | — | — | $1.5m | ($1.6m) | ($1.0m) | $1.7m | $1.6m | |
| Change In Payable | — | — | — | ($3.9m) | ($8.4m) | ($2.0m) | $15.3m | $4.7m | |
| Change In Prepaid Assets | — | — | — | ($2.8m) | $1.1m | $1.1m | $0 | ($2.0m) | |
| Changes In Cash | — | — | — | ($96.0m) | ($69.6m) | ($7.5m) | ($27.4m) | ($34.1m) | |
| End Cash Position | — | — | — | $163.6m | $94.0m | $86.5m | $59.1m | $45.3m | |
| Financing Cash Flow | — | — | — | ($4.0m) |
$700k
+117.50%
|
($300k)
-142.86%
|
$18.6m
+6300.00%
|
$19.1m
+2.69%
|
|
| Free Cash Flow | — | — | — | ($118.7m) | ($98.2m) | ($40.7m) | ($77.0m) | ($85.2m) | |
| Gain Loss On Sale Of PPE | — | — | — | ($20.6m) | ($1.0m) | $1.3m | ($400k) | ($1.5m) | |
| Investing Cash Flow | — | — | — | ($44.3m) | ($54.6m) | ($20.1m) | ($49.5m) | ($44.6m) | |
| Net PPE Purchase And Sale | — | — | — | ($44.3m) | ($54.6m) | ($20.1m) | ($49.5m) | ($44.6m) | |
| Net Preferred Stock Issuance | — | — | $21.2m | $0 | $0 | — | — | — | |
| Operating Gains Losses | — | — | — | ($20.6m) | ($1.0m) | $1.3m | ($400k) | ($1.5m) | |
| Other Non Cash Items | — | — | — | $19.2m | $10.9m | ($1.1m) | ($105.8m) | — | |
| Proceeds From Stock Option Exercised | — | — | $3.3m | $0 | $0 | — | — | — | |
| Purchase Of PPE | — | — | — | ($71.0m) | ($82.5m) | ($53.6m) | ($80.5m) | ($76.6m) | |
| Sale Of PPE | — | — | — | $26.7m | $27.9m | $33.5m | $31.0m | $32.0m | |
| Stock Based Compensation | — | — | — | $25.4m | $26.2m | $9.7m | $4.2m | $4.2m |