Rent the Runway (RENT)

Company Profile

Founded in 2009, Rent the Runway is disrupting the trillion-dollar fashion industry and changing the way women get dressed through the Closet in the Cloud, the world’s first and largest shared designer closet. RTR’s mission has remained the same since its founding: powering women to feel their best every day. Through RTR, customers can subscribe, rent items a-la-carte and shop resale from over 800 designer brands. The Closet in the Cloud offers a wide assortment of millions of items for every occasion, from evening wear and accessories to ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear, ski wear, home goods and kidswear. RTR has built a two-sided discovery engine, which connects deeply engaged customers and differentiated brand partners on a powerful platform built around its brand, data, logistics and technology. Under CEO and Co-Founder Jennifer Hyman’s leadership, RTR has been named to CNBC’s “Disruptor 50” five times in ten years, and has been placed on Fast Company’s Most Innovative Companies list four times, while Hyman herself has been named to the “TIME 100: Most Influential People in the World" and as one of People Magazine’s “Women Changing the World.”

Company profile

Ticker

RENT

Exchange

Incorporated

Location

Fiscal year end

Sector

Retail Trade > Electronic Shopping

Industry (SIC)

Retail - Retail Stores, NEC

JD.com • Petco Health and Wellness • Sally Beauty • Titan Machinery • Ulta Beauty • ATRenew • MedMen Enterprises • Star • Missfresh • Leslie's ...

SEC CIK

0001468327

Corporate docs

Underwriting Agreements

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Rent the Runway Limited ...

IRS number

800376379

RENT stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$3.50

Low target

$3.00

High target

$4.00

Telsey Advisory Group

Latest filings (excl ownership)

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8 Dec 22

Rent the Runway, Inc. Announces Third Quarter 2022 Results & Raises Guidance

13 Sep 22

Rent the Runway, Inc. Announces Second Quarter 2022 Results

12 Sep 22

8-K

Submission of Matters to a Vote of Security Holders

10 Jun 22

Rent the Runway, Inc. Announces First Quarter 2022 Results

9 Jun 22

DEFA14A

Additional proxy soliciting materials

Registration of securities for employees

14 Apr 22

Transcripts

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RENT

Earnings call transcript

2022 Q3

8 Dec 22

RENT

Earnings call transcript

2022 Q2

13 Sep 22

RENT

Earnings call transcript

2022 Q1

10 Jun 22

RENT

Earnings call transcript

2021 Q4

14 Apr 22

RENT

Earnings call transcript

2021 Q3

9 Dec 21

Latest ownership filings

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Divisar Capital Management LLC

Financial summary

Financial statements Chart RENT financial data

Quarter (USD)	Oct 22	Jul 22	Apr 22	Jan 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Jan 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	185.90 mm	185.90 mm	185.90 mm	185.90 mm		185.90 mm
Cash burn (monthly)	5.60 mm	8.84 mm	12.07 mm	12.65 mm		675.00 k
Cash used (since last report)	16.05 mm	25.34 mm	34.58 mm	36.26 mm		1.93 mm
Cash remaining	169.85 mm	160.56 mm	151.32 mm	149.64 mm		183.97 mm
Runway (months of cash)	30.3	18.2	12.5	11.8		272.5

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2022

RENT institutional ownership history Ownership history

89.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	93	90	+3.3%
Opened positions	15	19	-21.1%
Closed positions	12	10	+20.0%
Increased positions	29	38	-23.7%
Reduced positions	19	9	+111.1%

13F shares	Current	Prev Q	Change
Total value	192.21 mm	252.15 mm	-23.8%
Total shares	55.16 mm	62.43 mm	-11.6%
Total puts	46.50 k	184.10 k	-74.7%
Total calls	716.00 k	1.24 mm	-42.2%
Total put/call ratio	0.1	0.1	-56.3%

Largest owners	Shares	Value	Change
Bain Capital Venture Investors	8.18 mm	$17.99 mm	0.0%
Bain Capital Venture Fund 2009	7.64 mm	$62.30 mm	0.0%
Highland Management Partners VIII Limited Partnership	4.26 mm	$34.69 mm	0.0%
Technology Crossover Management VIII	3.95 mm	$8.69 mm	0.0%
Ares Management	3.39 mm	$7.45 mm	0.0%
T. Rowe Price	2.84 mm	$6.24 mm	-61.3%
BLK Blackrock	2.61 mm	$5.75 mm	+8.6%
Divisar Capital Management	2.59 mm	$5.70 mm	NEW
Vanguard	2.35 mm	$5.17 mm	+29.1%
BEN Franklin Resources	2.03 mm	$4.46 mm	-10.2%

Largest transactions	Shares	Bought/sold	Change
T. Rowe Price	2.84 mm	-4.50 mm	-61.3%
Gilder Gagnon Howe & Co	758.76 k	-3.93 mm	-83.8%
Divisar Capital Management	2.59 mm	+2.59 mm	NEW
T. Rowe Price Investment Management	2.02 mm	+2.02 mm	NEW
FMR	988.00	-1.63 mm	-99.9%
Balyasny Asset Management	0.00	-1.59 mm	EXIT
Marshall Wace	1.54 mm	+811.77 k	+111.2%
STT State Street	0.00	-785.02 k	EXIT
Vanguard	2.35 mm	+529.28 k	+29.1%
Metavasi Capital	0.00	-410.00 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

RENT insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
3 Jan 23	Hyman Jennifer	RSU Class A Common Stock	Grant	Acquire A	No	No	0	327,000	0.00	327,000
2 Nov 22	Larry Steinberg	Class A Common Stock	Sell	Dispose S	No	Yes	1.8125	2,613	4.74 k	685,273
2 Nov 22	Sarah K Tam	Class A Common Stock	Sell	Dispose S	No	Yes	1.8125	1,190	2.16 k	209,750
2 Nov 22	Cara Schembri	Class A Common Stock	Sell	Dispose S	No	Yes	1.8125	893	1.62 k	203,001