The earnings call highlighted strong subscriber growth and customer retention, bolstered by significant inventory expansion and product innovations. However, the financials showed challenges with declining revenue and negative cash flow. The strategic focus on inventory and customer experience is showing positive results, but the financial impact remains a concern.

Company Guidance

During Rent the Runway, Inc.'s 2025 Q1 earnings call, the company provided guidance highlighting significant growth and strategic investments in inventory and customer experience. The company reported ending the quarter with over 147,000 active subscribers, marking a record high for the end of a quarter, and a 1% year-over-year increase in ending active subscribers. Despite a 7.2% year-over-year decline in total revenue to $69.6 million, the company emphasized its largest-ever investment in new inventory, with Q1 inventory volume up 24% year over year. Key metrics included a 23% higher share of use and a 46% increase in customer engagement with new styles. Looking ahead, Rent the Runway plans to increase new inventory receipts by over 420% year-over-year in Q2 and anticipates a 134% year-over-year rise for the rest of 2025. The company also outlined plans to launch over 40 new brands and introduce more personalized customer experiences to reduce churn, which has already improved significantly, with a 27% reduction in first-month churn when subscribers engage with stylists. Despite a negative adjusted EBITDA of $1.3 million, the company remains optimistic about achieving double-digit growth in ending active subscribers for the fiscal year, with continued investments expected to enhance customer retention and acquisition.

Record Subscriber Growth

Rent the Runway, Inc. ended Q1 2025 with over 147,000 active subscribers, the highest number of ending subscribers at the end of a quarter in company history, indicating a return to subscriber growth.

Strongest Quarterly Customer Retention

The company experienced the strongest quarterly customer retention in four years, with improved churn rates for both early-term and long-term subscribers.

Significant Inventory Expansion

Q1 2025 inventory volume received was up 24% year over year with 36 new brands and over 1,000 new styles launched, increasing customer engagement.

Innovative Product Features

New features such as back-in-stock notifications and personalized styling support were introduced, leading to significant reductions in churn rates.

Increased Social Media Engagement

The engagement rate on social channels is up 163% since the launch of a new marketing strategy in April and May.

Rent the Runway (RENT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

RENT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 11, 2025	2025 (Q2)	- / -	-3.528	―	―	―
Jun 05, 2025	2025 (Q1)	-7.43 / -6.15	-5.207	-18.13% (-0.94)
Apr 15, 2025	2024 (Q4)	-2.25 / -2.95	-7.02	57.95% (+4.07)
Dec 09, 2024	2024 (Q3)	-4.46 / -4.37	-9	51.50% (+4.63)
Sep 05, 2024	2024 (Q2)	-5.00 / -3.53	-8	55.90% (+4.47)
Jun 06, 2024	2024 (Q1)	-6.67 / -5.21	-9.2	43.40% (+3.99)
Apr 10, 2024	2023 (Q4)	-5.34 / -7.02	-8	12.25% (+0.98)
Dec 05, 2023	2023 (Q3)	-8.45 / -9.00	-11.2	19.64% (+2.20)
Sep 08, 2023	2023 (Q2)	-8.02 / -8.00	-10.6	24.53% (+2.60)
Jun 07, 2023	2023 (Q1)	-9.40 / -9.20	-13.4	31.34% (+4.20)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

RENT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 05, 2025	$6.74	$8.62	+27.89%
Apr 15, 2025	$5.39	$4.41	-18.18%
Dec 09, 2024	$12.82	$10.02	-21.84%
Sep 05, 2024	$15.08	$10.90	-27.72%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.