Rent the Runway, Inc. (RENT) [Rocket]

Overview

Rent the Runway, Inc. (RENT)

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Recent News + Filings (All items)

Date Filed	Type	Description
08/04/2023	4/A	Roney Carley (Director) has filed a Form 4 on Rent the Runway, Inc.
08/04/2023	4	Hyman Jennifer (CEO & Chair) has filed a Form 4 on Rent the Runway, Inc.
08/04/2023	4	Tam Sarah K (Chief Merchant Officer) has filed a Form 4 on Rent the Runway, Inc.
08/04/2023	4	Thacker Siddharth (CFO) has filed a Form 4 on Rent the Runway, Inc.
08/04/2023	4	Steinberg Larry (Chief Technology Officer) has filed a Form 4 on Rent the Runway, Inc.
08/04/2023	4	Schembri Cara (GC & Secretary) has filed a Form 4 on Rent the Runway, Inc.
08/04/2023	4	Salinas Anushka (President & COO) has filed a Form 4 on Rent the Runway, Inc.

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Jan-31-22	Jan-31-21	Jan-31-20
Revenues	203.3	157.5	256.9
Revenue growth	29.1%	-38.7%
Cost of goods sold	71.7	89.0	85.2
Gross profit	131.6	68.5	171.7
Gross margin	64.7%	43.5%	66.8%
Sales and marketing	88.4	61.1	141.0
Research and development	45.3	37.7	40.2
General and administrative	104.4	77.2	98.9
EBIT	-125.9	-130.5	-130.0
EBIT margin	-61.9%	-82.9%	-50.6%
Pre-tax income	-211.8	-171.1	-154.1
Income taxes	0.0	0.0	-0.2
Tax rate	0.0%	0.0%	0.1%
Net income	-211.8	-171.1	-153.9
Net margin	-104.2%	-108.6%	-59.9%

Diluted EPS	($8.51)	($15.36)	($14.04)
Shares outstanding (diluted)	24.9	11.1	11.0

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.