Rent the Runway, Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Teri J. Bariquit
- Full Time Employees
- 1,015
- Sector
- Consumer Cyclical
- Industry
- Apparel - Retail
- Address
- 10 Jay Street Brooklyn NY United States of America 11201
- IPO Date
- Oct 27, 2021
- CIK
- 0001468327
- Website
- renttherunway.com
- Similar Companies
- Business
- Rent the Runway, Inc. (RENT) operates as a leading e-commerce platform specializing in the rental, subscription, and purchase of designer apparel and accessories. Founded in 2009 by Jennifer Hyman and Jennifer Fleiss and headquartered in Brooklyn, New York, the company offers a Closet in the Cloud featuring over 700 designers in sizes 00 to 22; core products and services include subscription plans for everyday wear such as workwear, denim, casual clothing, maternity, outerwear, blouses, knitwear, and loungewear; evening wear and event garments; accessories like jewelry and handbags; children's clothing; ski apparel; and home decor, with options for one-time 4- or 8-day rentals via the Reserve program, resale of pre-loved items, and purchases of rented pieces. It maintains the largest dry cleaning operation in the United States, processing up to 2,000 items per hour, and operates distribution centers in Secaucus, New Jersey; Arlington, Texas; and facilities in Galway, Ireland, serving primarily U.S. customers focused on sustainable fashion access. In recent developments, Rent the Runway completed a transformative recapitalization in October 2025 with partners Aranda Principal Strategies (APS), STORY3 Capital Partners, and Nexus Capital Management, converting $100 million of debt to equity for an 86% stake, injecting $20 million in new capital, reducing outstanding debt to $120 million with maturity extended to 2029, and adding Peter Comisar and Damian Giangiacomo to its board; the company doubled new inventory in 2025 with 75% more styles including 90+ brands like Jacquemus, Cult Gaia, and Frame, launched 56 new brands and seven exclusive collaborations in the first half of fiscal 2025 amid 40% growth in revenue share units from partners, and introduced customer-requested features such as waitlisting, back-in-stock notifications, and enhanced reviews while achieving record 147,000 active subscribers.
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