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Get filing alertsRed Flags Detected
- Material Weakness (worsened) — Material weaknesses in IT controls persist for another year without remediation, extending the period of ineffective disclosure controls.
- Delisting (new) — Company disclosed noncompliance with Nasdaq audit committee requirements, creating delisting risk if not cured by 2026 annual meeting.
RENT: revenue $89.9M, net income -$18.9M. Rent the Runway completes debt-to-equity swap, revenue surges 29% but margins compress
Filed June 3, 2026 · Period ending April 30, 2026 · Compared to 10-Q Jun 6, 2025 · ~2 min read
Key Changes
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high
October 2025 recapitalization converted $220M debt to equity and secured $20M new financing, cutting total debt from $341M to $157M and extending maturity to 2029. Interest expense dropped 95% to $0.3M quarterly.
MD&A: Recapitalization Transactions verify on EDGAR → -
high
Revenue grew 29% YoY to $89.9M with active subscribers up 5.8%, but gross margin compressed from 31.5% to 25.9% as consignment-based Share by RTR inventory (now 57% of acquisitions) drives higher revenue-share costs.
MD&A: Revenue and Gross Margin verify on EDGAR → -
high
June 2026 shipping surcharge may hurt subscriber retention.
Risk Factors: Reserve Strategy verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 4, 2026 · How we verify