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Rent the Runway, Inc. RENT Q2 2024 earnings

Reported September 5, 2024 · After market close

Revenue$78.9MBeat by $2.9M
EPS-$4.17Beat by $1.69
Revenue estimate$76.1M
EPS estimate-$5.86

Next report

Sep 11, 2026 (In 2 weeks)

Financials

Q2 2024

Income statement

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Revenue$78.9M+4.2%
Gross profit$58.3M+9.6%
Operating income-$9.6M+45.1%
Net income-$15.6M+41.8%
EPS (diluted)-$4.17+47.4%

Balance sheet

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Cash & equivalents$86.6M-35.2%
Total debt$367.7M+10.6%
Total equity-$154.5M-103%
Total assets$257.4M-15.4%

Cash flow

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Operating cash flow$2.2M+375%
Free cash flow$2.2M+344%

Valuation & ratios

Valuation

as of 07/31/24
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Market cap$55.45M-55.5%
Enterprise value$336.55M+4.1%
P/S0.2×-0.2×

Profitability

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Gross margin72.6%+2.4pp
Operating margin-22.3%-3.6pp
Net margin-31.1%-5.4pp
FCF margin-1.7%-0.7pp

Returns & leverage

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Current ratio1.9×-0.7×

FAQ

When did Rent the Runway, Inc. report Q2 2024 earnings?
Rent the Runway, Inc. (RENT) reported Q2 2024 earnings on September 5, 2024 after market close.
What were Rent the Runway, Inc.'s Q2 2024 revenue and EPS?
Rent the Runway, Inc. reported revenue of $78.9M and eps of $-4.17 for Q2 2024.
Did Rent the Runway, Inc. beat estimates in Q2 2024?
Revenue beat the consensus estimate of $76.1M by $2.9M. EPS beat the consensus estimate of $-5.86 by $1.69.
Where can I find Rent the Runway, Inc.'s Q2 2024 SEC filings?
You can read the 8-K earnings release (0001468327-24-000259) and the 10-Q periodic report (0001468327-24-000262) directly on SEC EDGAR. The filing index links above go to sec.gov.