Rent the Runway, Inc. (RENT) Balance Sheet
RENT balance sheet, FY2026
January 31, 2026 · U.S. dollars$221.0M assets = $257.1M liabilities + −$36.1M equity
Liabilities exceed assets: shareholders’ equity is negative (−$36.1M).
Both columns are drawn to the same scale: what RENT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
RENT financial health
Descriptive bands, not a rating. Fiscal FY2026.
RENT balance sheet trends, FY2013–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $71.8MFY2013 | $221.0MFY2026 | +13.3%/yr | |
| Total liabilities | $23.8MFY2013 | $257.1MFY2026 | +30.3%/yr | |
| Shareholders’ equity | $48.0MFY2013 | −$36.1MFY2026 | — | |
| Cash & short-term investments | $20.4MFY2013 | $50.4MFY2026 | +10.6%/yr | |
| Total debt | $550,000FY2013 | $198.3MFY2026 | +92.4%/yr | |
| Net cash (debt) | $19.9MFY2013 | −$147.9MFY2026 | −$167.8M | |
| Working capital | $20.6MFY2013 | $3.5MFY2026 | −$17.1M | |
| Current ratio | 2.10FY2013 | 1.06FY2026 | −1.04 | |
| Debt / equity | 0.01FY2013 | 4.40FY2022 | +4.39 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RENT assets
RENT liabilities and equity
RENT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
RENT balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $50.4M | $77.4M | $84.0M | $154.5M | $247.6M | $95.3M | $31.4M | $84.0M | $22.0M | $20.4M |
| Cash & equivalents | $50.4M | $77.4M | $84.0M | $154.5M | $247.6M | $95.3M | $31.4M | $3.7M | $5.1M | $3.8M |
| Short-term investments | — | — | — | — | — | — | — | $80.3M | $16.9M | $16.6M |
| Receivables | $0 | $0 | $1.3M | $4.0M | $4.8M | $0 | $0 | $16.9M | $12.5M | $16.7M |
| Inventory | $0 | $0 | $3.9M | −$900,000 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $16.3M | $16.5M | $13.0M | $14.5M | $12.3M | $8.1M | $15.5M | $4.0M | $8.4M | $2.2M |
| Total current assets | $66.7M | $93.9M | $102.2M | $172.1M | $264.7M | $103.4M | $46.9M | $104.9M | $42.9M | $39.3M |
| Property, plant & equipment (net) | $53.3M | $133.7M | $163.6M | $150.1M | $165.0M | $197.2M | $215.9M | $23.0M | $17.9M | $14.3M |
| Goodwill & intangible assets | $2.0M | $2.4M | $3.4M | $4.1M | $6.4M | $7.8M | $9.0M | $152.3M | $19.8M | $17.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $99.0M | $279.6M | $265.4M | $9.9M | $11.4M | $12.3M | $4.1M | $4.3M | $696,000 | $830,000 |
| Total assets | $221.0M | $509.6M | $534.6M | $336.2M | $447.5M | $320.7M | $275.9M | $284.5M | $81.3M | $71.8M |
| Liabilities | ||||||||||
| Accounts payable | $9.9M | $13.1M | $11.8M | $17.7M | $22.6M | $11.5M | $16.3M | $4.0M | $2.3M | $5.9M |
| Short-term debt | $6.0M | $6.1M | $4.6M | $4.4M | $5.6M | $7.6M | $5.1M | $974,000 | $806,000 | $1.1M |
| Deferred revenue | $12.0M | $10.2M | $10.9M | $12.0M | $10.4M | $5.6M | $13.7M | $3.8M | $2.6M | $2.6M |
| Total current liabilities | $63.2M | $47.4M | $48.1M | $60.0M | $68.8M | $40.6M | $51.7M | $26.8M | $19.8M | $18.7M |
| Long-term debt | $156.6M | $333.7M | $306.7M | $272.5M | $260.8M | $355.1M | $215.1M | $0 | $0 | $0 |
| Lease obligations | $41.3M | $45.7M | $48.7M | $42.7M | $52.0M | $58.2M | $46.8M | — | — | — |
| Other long-term liabilities | $37.3M | $311.0M | $302.1M | $39.0M | $46.8M | $63.6M | $42.9M | $6.9M | $3.2M | $3.4M |
| Total liabilities | $257.1M | $692.1M | $656.9M | $371.5M | $376.4M | $459.3M | $309.7M | $32.6M | $29.1M | $23.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | — | — | — | $100,000 | $100,000 | — | — | $15,000 | $12,000 | $12,000 |
| Retained earnings (deficit) | −$1.10B | −$1.12B | −$1.05B | −$939.9M | −$801.2M | −$589.4M | −$418.3M | −$33.8M | −$31.8M | −$27.6M |
| Accumulated other comprehensive income | — | — | — | — | −$447.5M | — | — | $464,000 | $409,000 | $31,000 |
| Total shareholders' equity | −$36.1M | −$182.5M | −$122.3M | −$35.3M | $71.1M | −$138.6M | −$33.8M | $251.9M | $52.2M | $48.0M |
| Key figures | ||||||||||
| Total debt | $198.3M | $380.8M | $356.6M | $315.2M | $312.8M | $414.2M | $261.9M | $2.4M | $806,000 | $550,000 |
| Net cash (debt) | −$147.9M | −$303.4M | −$272.6M | −$160.7M | −$65.2M | −$318.9M | −$230.5M | $81.7M | $21.2M | $19.9M |
| Working capital | $3.5M | $46.5M | $54.1M | $112.1M | $195.9M | $62.8M | −$4.8M | $78.1M | $23.1M | $20.6M |
| Tangible book value | −$38.1M | −$184.9M | −$125.7M | −$39.4M | $64.7M | −$146.4M | −$42.8M | $99.7M | $32.4M | $30.6M |
| Book value per share | −$3.01 | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 12.0M | — | — | — | — | — | — | — | — | — |
| Current ratio | 1.06 | 1.98 | 2.12 | 2.87 | 3.85 | 2.55 | 0.91 | 3.92 | 2.16 | 2.10 |
| Quick ratio | 0.80 | 1.63 | 1.77 | 2.64 | 3.67 | 2.35 | 0.61 | 3.77 | 1.74 | 1.98 |
| Debt / equity | — | — | — | — | 4.40 | — | — | 0.01 | 0.02 | 0.01 |
| Equity / assets | −16.3% | −35.8% | −22.9% | −10.5% | 15.9% | −43.2% | −12.3% | 88.6% | 64.2% | 66.8% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $29.0M | $37.1M | $50.4M | $50.7M | $43.6M | $70.4M | $77.4M | $74.1M | $76.6M | $87.2M | $84.0M | $105.9M |
| Cash & equivalents | $29.0M | $37.1M | $50.4M | $50.7M | $43.6M | $70.4M | $77.4M | $74.1M | $76.6M | $87.2M | $84.0M | $105.9M |
| Short-term investments | — | — | — | — | — | — | — | — | −$5.2M | — | — | — |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.3M | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.9M | $0 |
| Other current assets | $15.5M | $17.6M | $16.3M | $16.0M | $19.7M | $16.7M | $16.5M | $14.2M | $16.0M | $12.1M | $13.0M | $15.4M |
| Total current assets | $44.5M | $54.7M | $66.7M | $66.7M | $63.3M | $87.1M | $93.9M | $88.3M | $92.6M | $99.3M | $102.2M | $121.3M |
| Property, plant & equipment (net) | $50.4M | $143.3M | $53.3M | $148.9M | $142.6M | $145.5M | $133.7M | $150.5M | $150.2M | $166.3M | $163.6M | $176.2M |
| Goodwill & intangible assets | $1.9M | $1.9M | $2.0M | $2.3M | $2.4M | $2.4M | $2.4M | $2.8M | $3.0M | $3.1M | $3.4M | $3.8M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $95.6M | $12.8M | $99.0M | $13.1M | $10.7M | $10.3M | $279.6M | $10.0M | $11.6M | $9.7M | $265.4M | $9.0M |
| Total assets | $192.4M | $212.7M | $221.0M | $231.0M | $219.0M | $245.3M | $509.6M | $251.6M | $257.4M | $278.4M | $534.6M | $310.3M |
| Liabilities | ||||||||||||
| Accounts payable | $18.1M | $13.4M | $9.9M | $12.6M | $18.8M | $16.6M | $13.1M | $18.1M | $16.4M | $23.5M | $11.8M | $28.3M |
| Short-term debt | $5.7M | $5.7M | $6.0M | $6.2M | $5.4M | $5.7M | $6.1M | $4.2M | $3.9M | $4.4M | $4.6M | $3.1M |
| Deferred revenue | $13.0M | $20.9M | $12.0M | $12.9M | $17.5M | $12.7M | $10.2M | $11.9M | $10.9M | $13.3M | $10.9M | $11.8M |
| Total current liabilities | $66.1M | $72.8M | $63.2M | $68.6M | $68.3M | $71.3M | $47.4M | $53.5M | $48.3M | $61.6M | $48.1M | $65.5M |
| Long-term debt | $157.5M | $157.1M | $156.6M | $159.1M | $343.9M | $340.6M | $333.7M | $326.7M | $319.8M | $313.1M | $306.7M | $300.2M |
| Lease obligations | $38.5M | $40.0M | $41.3M | $42.4M | $43.5M | $44.6M | $45.7M | $46.3M | $47.1M | $48.0M | $48.7M | $49.6M |
| Other long-term liabilities | $34.3M | $36.1M | $37.3M | $38.4M | $38.9M | $40.5M | $311.0M | $42.6M | $43.8M | $45.0M | $302.1M | $47.2M |
| Total liabilities | $257.9M | $266.0M | $257.1M | $266.1M | $451.1M | $452.4M | $692.1M | $422.8M | $411.9M | $419.7M | $656.9M | $412.9M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | — | — | — | — | — | — | — | — | — | — | $100,000 |
| Retained earnings (deficit) | −$1.13B | −$1.12B | −$1.10B | −$1.10B | −$1.18B | −$1.15B | −$1.12B | −$1.11B | −$1.09B | −$1.08B | −$1.05B | −$1.03B |
| Total shareholders' equity | −$65.5M | −$53.3M | −$36.1M | −$35.1M | −$232.1M | −$207.1M | −$182.5M | −$171.2M | −$154.5M | −$141.3M | −$122.3M | −$102.6M |
| Key figures | ||||||||||||
| Total debt | $196.0M | $197.1M | $198.3M | $202.3M | $387.6M | $386.0M | $380.8M | $373.0M | $366.9M | $361.8M | $356.6M | $349.8M |
| Net cash (debt) | −$167.0M | −$160.0M | −$147.9M | −$151.6M | −$344.0M | −$315.6M | −$303.4M | −$298.9M | −$290.3M | −$274.6M | −$272.6M | −$243.9M |
| Working capital | −$21.6M | −$18.1M | $3.5M | −$1.9M | −$5.0M | $15.8M | $46.5M | $34.8M | $44.3M | $37.7M | $54.1M | $55.8M |
| Tangible book value | −$67.4M | −$55.2M | −$38.1M | −$37.4M | −$234.5M | −$209.5M | −$184.9M | −$174.0M | −$157.5M | −$144.4M | −$125.7M | −$106.4M |
| Book value per share | −$1.95 | −$1.59 | −$3.01 | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 33.6M | 33.4M | 12.0M | — | — | — | — | — | — | — | — | — |
| Current ratio | 0.67 | 0.75 | 1.06 | 0.97 | 0.93 | 1.22 | 1.98 | 1.65 | 1.92 | 1.61 | 2.12 | 1.85 |
| Quick ratio | 0.44 | 0.51 | 0.80 | 0.74 | 0.64 | 0.99 | 1.63 | 1.39 | 1.59 | 1.42 | 1.77 | 1.62 |
| Equity / assets | −34.0% | −25.1% | −16.3% | −15.2% | −106.0% | −84.4% | −35.8% | −68.0% | −60.0% | −50.8% | −22.9% | −33.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 14, 2026); data from EODHD.
RENT financial position
At the end of fiscal 2026 (January 31, 2026), Rent the Runway had total assets of $221.0 million (down 56.6% from a year earlier), total liabilities of $257.1 million and shareholders' equity of -$36.1 million. It held $50.4 million in cash and short-term investments against $198.3 million of debt, net debt of $147.9 million. Its current ratio was 1.06. In the latest quarter (ended July 31, 2026) total assets were $192.4 million and equity -$65.5 million.
Related: RENT income statement, RENT cash flow statement, RENT key metrics. See the RENT stock overview for the latest quote and news.
RENT balance sheet FAQ
What are Rent the Runway's total assets?
Rent the Runway reported total assets of $221.0 million at the end of fiscal 2026 (January 31, 2026), compared with $509.6 million a year earlier.
How much debt does Rent the Runway have?
Rent the Runway had $198.3 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Rent the Runway have?
Rent the Runway held $50.4 million in cash and short-term investments at the end of fiscal 2026; with $198.3 million of debt that is net debt of $147.9 million.
What is Rent the Runway's book value?
Rent the Runway's shareholders' equity (book value) was -$36.1 million at the end of fiscal 2026, or −$3.01 per share.
What is Rent the Runway's current ratio?
Rent the Runway had current assets of $66.7 million and current liabilities of $63.2 million, a current ratio of 1.06 (it can cover its short-term obligations).
How much goodwill does Rent the Runway have?
Rent the Runway carried $2.0 million of goodwill and intangible assets, 0.9% of total assets, at the end of fiscal 2026.