RENT · CIK 0001468327 · operating
Operating as a shared designer closet platform, Rent the Runway provides subscription and rental access to apparel and accessories in the United States. The company's offerings span evening wear, ready-to-wear, workwear, denim, casual, maternity, outerwear, activewear, ski wear, and accessories including jewelry and handbags. The business model allows customers to rent designer clothing on a subscription basis rather than purchase, with a resale channel providing an additional revenue stream.
The company maintains a software development function to support its platform operations. Rent the Runway was incorporated in 2009 and operates from its headquarters in Brooklyn, New York, with a workforce of approximately 912 full-time employees. As a consumer cyclical business classified within apparel retail, the company's performance reflects broader trends in discretionary spending and fashion consumption patterns.
Fiscal years are as reported by the company and may not align with the calendar year. For example, Apple's FY 2024 ends in September 2024.
| Fiscal Year | EPS Diluted | EPS Basic | YoY | |
|---|---|---|---|---|
| 2024 | $-18.51 | $-18.51 | +44.1% | |
| 2023 | $-33.12 | $-33.12 | -1433.3% | |
| 2022 | $-2.16 | $-2.16 | +74.6% | |
| 2021 | $-8.51 | $-8.51 | — |