Rent the Runway, Inc. (RENT) Income Statement
RENT FY2026 at a glance
Fiscal year ended January 31, 2026 · U.S. dollarsRENT revenue and net income
Where RENT's revenue goes
FY2026Each bar shows an amount and its share of revenue. RENT kept 6.9% of revenue as net income.
RENT profit margins
RENT growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +7.7% | +3.6% | +15.9% | +13.7% |
| Gross profit | +189.5% | +52.7% | — | +16.4% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
RENT quarterly EPS vs estimates
Rent the Runway beat the analyst EPS estimate in 2 of the last 6 quarters.
RENT income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $329.8M | $306.2M | $298.2M | $296.4M | $203.3M | $157.5M | $256.9M | $102.9M | $75.6M | $99.2M |
| Cost of revenue | $133.8M | $238.5M | $237.4M | $241.3M | $194.4M | $181.0M | $236.3M | $35.8M | $27.2M | $53.6M |
| Gross profit | $196.0M | $67.7M | $60.8M | $55.1M | $8.9M | −$23.5M | $20.6M | $67.1M | $48.4M | $45.5M |
| Research & development | $39.3M | — | $49.1M | $55.4M | $45.3M | $37.7M | $40.2M | — | — | — |
| Sales, general & admin | $115.8M | $115.0M | $101.6M | $109.0M | $104.4M | $77.2M | $98.9M | $59.9M | $48.8M | $67.8M |
| Total operating expenses | $253.5M | $115.0M | $132.8M | $137.2M | $130.9M | $85.3M | $121.8M | $73.2M | $57.8M | $67.8M |
| Operating income | −$57.5M | −$47.3M | −$72.0M | −$82.1M | −$122.0M | −$108.8M | −$101.2M | −$6.1M | −$9.5M | −$22.2M |
| Interest expense | $20.3M | $24.2M | $33.7M | $36.8M | $53.0M | $46.6M | $24.0M | $0 | $0 | — |
| Income before taxes | $22.7M | −$69.6M | −$113.0M | −$138.9M | −$212.1M | −$171.1M | −$154.1M | −$5.8M | −$9.3M | −$21.8M |
| Income taxes | −$100,000 | $300,000 | $200,000 | −$200,000 | −$300,000 | $78.6M | −$200,000 | −$424,000 | −$2.2M | $844,000 |
| Net income | $22.6M | −$69.9M | −$113.2M | −$138.7M | −$211.8M | −$171.1M | −$153.9M | −$2.0M | −$4.3M | −$22.6M |
| EBITDA | $65.7M | $13.3M | $25.7M | −$4.7M | −$67.2M | −$52.2M | −$61.6M | $5.1M | −$508,000 | −$16.8M |
| EPS (diluted) | $0.49 | −$17.07 | −$30.62 | −$32.07 | −$32.48 | −$54.29 | −$49.10 | −$2.43 | −$6.79 | −$37.43 |
| Gross margin | 59.4% | 22.1% | 20.4% | 18.6% | 4.4% | −14.9% | 8.0% | 65.2% | 64.0% | 45.9% |
| Operating margin | −17.4% | −15.4% | −24.1% | −27.7% | −60.0% | −69.1% | −39.4% | −5.9% | −12.5% | −22.4% |
| Net margin | 6.9% | −22.8% | −38.0% | −46.8% | −104.2% | −108.6% | −59.9% | −1.9% | −5.6% | −22.8% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $97.7M | $89.9M | $91.7M | $87.6M | $80.9M | $69.6M | $76.4M | $75.9M | $78.9M | $75.0M | $75.8M | $72.5M |
| Cost of revenue | $23.5M | $78.2M | −$69.9M | $74.7M | $69.0M | $60.0M | $59.2M | $61.3M | $58.5M | $59.5M | $60.6M | $62.9M |
| Gross profit | $74.2M | $11.7M | $161.6M | $12.9M | $11.9M | $9.6M | $17.2M | $14.6M | $20.4M | $15.5M | $15.2M | $9.6M |
| Research & development | — | — | — | — | — | — | — | — | — | — | $11.0M | $12.1M |
| Sales, general & admin | $31.2M | $23.4M | $25.4M | $29.1M | $32.0M | $29.3M | $24.9M | $28.3M | $30.0M | $31.8M | $24.8M | $24.4M |
| Total operating expenses | $82.0M | $31.4M | $163.1M | $29.1M | $32.0M | $29.3M | $24.9M | $28.3M | $30.0M | $31.8M | $31.4M | $31.5M |
| Operating income | −$7.8M | −$19.7M | −$1.5M | −$16.2M | −$20.1M | −$19.7M | −$7.7M | −$13.7M | −$9.6M | −$16.3M | −$16.2M | −$21.9M |
| Interest expense | $200,000 | $300,000 | $100,000 | $7.0M | $6.9M | $6.3M | $6.5M | $6.1M | $6.0M | $5.6M | $5.4M | $10.0M |
| Income before taxes | −$12.8M | −$18.9M | −$1.5M | $76.5M | −$26.4M | −$25.9M | −$13.2M | −$18.9M | −$15.5M | −$22.0M | −$24.3M | −$31.7M |
| Income taxes | $100,000 | — | −$300,000 | — | — | $200,000 | $200,000 | — | $100,000 | $29.3M | $500,000 | −$200,000 |
| Net income | −$12.9M | −$18.9M | −$1.4M | $76.5M | −$26.4M | −$26.1M | −$13.4M | −$18.9M | −$15.6M | −$22.0M | −$24.8M | −$31.5M |
| EBITDA | $33.2M | $26.6M | $4.9M | $123.7M | $17.2M | $10.4M | $23.6M | $18.4M | $19.7M | $12.9M | $10.6M | $7.6M |
| EPS (diluted) | −$0.20 | −$0.57 | −$0.04 | $13.65 | −$6.55 | −$6.58 | −$2.64 | −$4.60 | −$3.80 | −$6.03 | −$5.61 | −$8.66 |
| Gross margin | 75.9% | 13.0% | 176.2% | 14.7% | 14.7% | 13.8% | 22.5% | 19.2% | 25.9% | 20.7% | 20.1% | 13.2% |
| Operating margin | −8.0% | −21.9% | −1.6% | −18.5% | −24.8% | −28.3% | −10.1% | −18.1% | −12.2% | −21.7% | −21.4% | −30.2% |
| Net margin | −13.2% | −21.0% | −1.5% | 87.3% | −32.6% | −37.5% | −17.5% | −24.9% | −19.8% | −29.3% | −32.7% | −43.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in RENT's financial statements (latest annual report filed April 14, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
RENT financial results
In fiscal year 2026 (ended January 31, 2026), Rent the Runway reported revenue of $329.8 million, up 7.7% from the year before. It had net income of $22.6 million, a net profit margin of 6.9%. Diluted earnings per share came to $0.49. Over five years revenue grew at an average rate of 15.9% a year.
See the RENT stock overview for the latest quote and news, or the RENT chart for price history and technical indicators.
RENT income statement FAQ
What is Rent the Runway's annual revenue?
Rent the Runway reported total revenue of $329.8 million for fiscal year 2026, which ended on January 31, 2026. That was up 7.7% from $306.2 million the previous year.
Is Rent the Runway profitable?
Yes. Rent the Runway reported net income of $22.6 million in fiscal 2026, a net profit margin of 6.9%; its operating margin was −17.4%.
What is Rent the Runway's gross margin?
Rent the Runway's gross margin was 59.4% in fiscal 2026: for every $100 of revenue, Rent the Runway kept $59 after the direct cost of its products and services.
How much does Rent the Runway spend on research and development?
Rent the Runway spent $39.3 million on research and development in fiscal 2026, 11.9% of revenue.
How fast is Rent the Runway growing?
Revenue grew 15.9% a year on average over the last five fiscal years, from $157.5 million to $329.8 million.
What are Rent the Runway's earnings per share?
Rent the Runway earned $0.49 per diluted share in fiscal 2026, compared with $-17.07 a year earlier.
When does Rent the Runway's fiscal year end?
Rent the Runway's fiscal year ends in January. The latest annual report covers the year ended January 31, 2026 and was filed on April 14, 2026.