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Rent the Runway, Inc. RENT Q3 2024 earnings

Reported December 9, 2024 · Before market open

Revenue$75.9MMiss by $1.7M
EPS-$4.94Beat by $0.04
Revenue estimate$77.6M
EPS estimate-$4.98

Next report

Sep 11, 2026 (In 2 weeks)

Financials

Q3 2024

Income statement

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Revenue$75.9M+4.7%
Gross profit$54.5M+6.9%
Operating income-$13.7M+37.4%
Net income-$18.9M+40.0%
EPS (diluted)-$4.70+48.3%

Balance sheet

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Cash & equivalents$83.1M-28.3%
Total debt$373.7M+6.5%
Total equity-$171.2M-66.9%
Total assets$251.6M-18.9%

Cash flow

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Operating cash flow$4.7M+231%
Free cash flow$4.8M+230%

Valuation & ratios

Valuation

as of 10/31/24
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Market cap$34.96M-5.6%
Enterprise value$325.56M+19.6%
P/S0.1×0.0×

Profitability

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Gross margin72.9%+2.7pp
Operating margin-19.3%-4.1pp
Net margin-26.6%-6.3pp
FCF margin1.1%+0.6pp

Returns & leverage

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Current ratio1.7×-0.2×

FAQ

When did Rent the Runway, Inc. report Q3 2024 earnings?
Rent the Runway, Inc. (RENT) reported Q3 2024 earnings on December 9, 2024 before market open.
What were Rent the Runway, Inc.'s Q3 2024 revenue and EPS?
Rent the Runway, Inc. reported revenue of $75.9M and eps of $-4.94 for Q3 2024.
Did Rent the Runway, Inc. beat estimates in Q3 2024?
Revenue missed the consensus estimate of $77.6M by $1.7M. EPS beat the consensus estimate of $-4.98 by $0.04.
Where can I find Rent the Runway, Inc.'s Q3 2024 SEC filings?
You can read the 8-K earnings release (0001468327-24-000336) and the 10-Q periodic report (0001468327-24-000338) directly on SEC EDGAR. The filing index links above go to sec.gov.