Rent the Runway, Inc. (RENT) Q2 FY2026 earnings

Reported results

• Total revenue of $97.7 million, up 20.8% YoY from $80.9 million in Q2 2025
• GAAP net loss of $(12.9) million, or (13.2)% of revenue, compared to $(26.4) million, or (32.6)% of revenue, in Q2 2025
• Non-GAAP Adjusted EBITDA of $12.6 million, or 12.9% of revenue, compared to $3.6 million, or 4.4% of revenue, in Q2 2025
• Gross margin of 36.1%, up from 30.0% in Q2 2025, representing 609 basis points expansion
• Ending Active Subscribers of 140,826, down 3.8% from 146,373 in Q2 2025; Average Active Subscribers of 148,259, up 1.0% from 146,765 in Q2 2025
• Add-on bookings increased 81% year-over-year with 33% of subscribers using an add-on during the quarter, up from 29% a year ago

Guidance

• Q3 2026: Revenue between $87 million and $90 million
• Q3 2026: Non-GAAP Adjusted EBITDA Margin between (3)% and (6)%
• FY 2026: Reaffirming double-digit revenue growth versus FY 2025
• FY 2026: Reaffirming non-GAAP Adjusted EBITDA Margin between 4% and 7%
• FY 2026: Updating Rental Product Acquired in the range of $53-55 million versus $74.9 million in FY 2025

Notes

Leadership transition: Paige Thomas appointed Chief Executive Officer and President effective September 14, 2026; Teri Bariquit transitioned to non-executive Chair; Dhiren Fonseca stepping down as Executive Chairman but remaining as Board member. The company paused the online marketplace pilot, on-site advertising and monetization, and new B2B dry cleaning business opportunities to focus on core rental and selling businesses. Forward-looking guidance for Q3 2026 Adjusted EBITDA Margin reconciliation not available without unreasonable efforts due to unpredictability of share-based compensation and non-recurring expenses.

Price and volatility reaction

Source

The figures above come from the earnings release the company filed with the SEC on 2026-09-11 (8-K, Item 2.02). Read the original filing on sec.gov.