RENT Rent the Runway (RENT) Q2 FY27 earnings call
Rent the Runway delivered record revenue and significant margin expansion in Q2 FY27, driven by operational efficiencies and strategic pricing, despite a decline in ending active subscribers. The company announced a new CEO, Paige Thomas, and is refocusing its strategy on core rental and selling, pausing non-core pilots. Management is reinforcing its financial foundation with new capital, aiming for continued profitability and customer growth through disciplined execution.
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RENT operating KPIs by quarter
| KPI | Apr 2026 Q1 FY27 | This call Jul 2026 Q2 FY27 | Change vs prior quarter |
|---|---|---|---|
| Paid subscription members | 155.692KWe ended Q1 '26 with 155,692 ending active subscribers, up 5.8% year-over-year.Source: earnings call transcript | 140.826KWe ended the second quarter with 140,826 active subscribers, down 3.8% year-over-year.Source: earnings call transcript | -9.5% |
| Average active subscribers | 149.744KAverage active subscribers during the quarter were 149,744 subscribers versus 133,468 subscribers in the prior year, an increase of 12.2% year-over-year.Source: earnings call transcript | 148.259KAverage active subscribers during the quarter were 148,259, an increase of 1% year-over-year.Source: earnings call transcript | -1% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.