Rent the Runway Q2 FY26 net loss narrows to $12.9 million; revenue rises 20.8% to $97.7 million - RENT News | RalliesRent the Runway Q2 FY26 net loss narrows to $12.9 million; revenue rises 20.8% to $97.7 million
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RENT• Leadership change and Q3 outlook
- Paige Thomas was named CEO effective Sept. 14.
- For Q3, the company sees revenue of $87 million to $90 million and adjusted EBITDA margin of negative 3% to negative 6%.
Subscriber trends and add-on bookings
- Ending active subscribers fell 3.8% to 140,826.
- Add-on bookings rose 81% year-over-year, with 33% of subscribers using add-ons.
Q2 results improve on revenue growth and margin expansion
- Rent the Runway posted Q2 revenue of $97.7 million, up 20.8% year-over-year.
- Net loss narrowed to $12.9 million; gross margin rose 609 basis points to 36.1%.
- Adjusted EBITDA climbed to $12.6 million from $3.6 million, on gross margin expansion and tighter operating expenses.
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