Rent the Runway, Inc. Announces Second Quarter 2026 Results

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  "signal_type": "news",
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  "detected_at": "2026-09-11T11:55:00+00:00",
  "company": {
    "name": "Rent the Runway",
    "domain": "renttherunway.com"
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  "data": {
    "url": "https://www.globenewswire.com/news-release/2026/09/11/3360272/0/en/rent-the-runway-inc-announces-second-quarter-2026-results.html",
    "title": "Rent the Runway, Inc. Announces Second Quarter 2026 Results",
    "contact": "Paige Thomas",
    "excerpt": "Revenue Grew to $97.7M, up 20.8% YoY Gross margin expansion of 609 basis points Reaffirms FY26 Guidance for Revenue and Adjusted EBITDA Announces Paige Thomas as Chief Executive Officer and President and Teri Bariquit as Chair of the Board NEW YORK, Sept. 11, 2026 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway” or \"RTR\") (NASDAQ: RENT), the company transforming the way women get dressed, today reported financial results for the fiscal quarter ended July 31, 2026. Second quarter results reflect continued execution against our plan, with total revenue of $97.7 million, up 20.8% YoY. Net loss was $(12.9) million, or (13.2)% of revenue, compared to $(26.4) million, or (32.6)% of revenue, in the second quarter of fiscal year 2025. Adjusted EBITDA was $12.6 million, or 12.9% of revenue, compared to $3.6 million, or 4.4% of revenue, in the second quarter of fiscal year 2025, driven by gross margin expansion of 609 basis points and disciplined control of operating expenses. We also continued to see growth in our add-on business, with add-on bookings increasing 81% year-over-year in Q2 and 33% of subscribers using an add-on during the quarter, up from 29% a year ago, driven primarily by higher subscriber engagement with our assortment and membership flexibility. A key focus in 2026 remains on Discovery, and this quarter we completed the rollout of AI-powered outfits...",
    "summary": "Rent the Runway has appointed Paige Thomas as its new Chief Executive Officer and President, effective September 14, 2026.",
    "location": "New York, NY, USA",
    "planning": true,
    "image_url": "https://ml.globenewswire.com/Resource/Download/7661da4c-1aea-42d8-801d-5fabb7bd6b84",
    "job_title": "Chief Executive Officer and President",
    "confidence": 1,
    "published_at": "2026-09-11T11:55:00Z",
    "location_data": [
      {
        "city": "New York",
        "state": "New York",
        "region": "Northern America",
        "country": "United States",
        "continent": "Americas",
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    "job_title_tags": [
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    "article_sentence": "Rent the Runway also announced today that Paige Thomas has been appointed Chief Executive Officer and President and member of the Board of Directors, effective September 14, 2026, succeeding Teri Bariquit, who has served as Interim CEO and President since May 2026."
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