Rent the Runway revenue jumps 20.8% in Q2

• Rent the Runway (NASDAQ:RENT) reported fiscal second-quarter 2026 revenue of $97.7 million, up 20.8% year over year.
• Adjusted EBITDA increased to $12.6 million from $3.6 million in the prior-year quarter.
• The company appointed Paige Thomas as CEO and President effective September 14, 2026.

Rent the Runway (NASDAQ:RENT) reported fiscal second-quarter 2026 revenue of $97.7 million, up 20.8% year over year, while narrowing its net loss and improving profitability.

Gross profit increased 45.3% to $35.3 million, with gross margin expanding 609 basis points to 36.1% compared with the prior-year quarter.

Net loss narrowed to $12.9 million, or 13.2% of revenue, compared with a net loss of $26.4 million, or 32.6% of revenue, in Q2 2025, while Adjusted EBITDA reached $12.6 million.

Add-on bookings increased 81% year over year, with 33% of subscribers using an add-on during the quarter, while the company completed its rollout of AI-powered outfit generation and avatar-based discovery features.

Rent the Runway reaffirmed its full-year 2026 revenue and adjusted EBITDA guidance and announced Paige Thomas will become CEO and President, with Teri Bariquit moving to non-executive Chair.