Rent the Runway announced a transformative recapitalization plan to strengthen its balance sheet and inject capital into the business. The company reported continued growth with a 13.4% year-over-year increase in active subscribers and a 77% year-over-year increase in Q2 subscription net promoter score. Rent the Runway also achieved revenue of $80.9 million in Q2 2025, a 2.5% increase from the previous year. The company expects revenue of $82-84 million in Q3 2025 and reiterates guidance for double-digit growth in ending active subscribers for fiscal year 2025. Adjusted EBITDA was $3.6 million in Q2 2025.

Rent the Runway has deployed a bold inventory strategy, increased customer engagement, and enhanced the subscription experience to drive growth. The company has added thousands of new styles and dozens of new brands to its platform, with revenue share units up 119% year-over-year. Rent the Runway also increased prices of its subscription plans in response to inflationary and tariff pressures. The company’s net loss for Q2 2025 was $(26.4) million, with adjusted EBITDA of $3.6 million. Free cash flow for the first half of 2025 was $(32.9) million.

Rent the Runway’s recapitalization plan, business momentum, and strong financial results position the company for sustained growth. The company’s revenue for Q2 2025 was $80.9 million, representing a 2.5% increase year-over-year. Rent the Runway expects revenue of $82-84 million in Q3 2025 and reiterates guidance for double-digit growth in ending active subscribers for fiscal year 2025. Adjusted EBITDA for Q2 2025 was $3.6 million.

Read more at GlobeNewswire: Rent the Runway, Inc. Announces Second Quarter 2025