Rent the Runway (NASDAQ: RENT) reported second-quarter fiscal 2026 revenue of $97.7 million, up 20.8% from $80.9 million a year earlier. Net loss narrowed to $12.9 million from $26.4 million, while gross margin rose to 36.1% from 30.0%.
The company reaffirmed its fiscal 2026 outlook for double-digit revenue growth and adjusted EBITDA margin of 4% to 7%. Rent the Runway also named Paige Thomas chief executive officer and president, effective September 14, 2026.
- Net loss per share was $0.38, basic and diluted, compared with $6.23 a year earlier.
- Adjusted EBITDA was $12.6 million, compared with $3.6 million in the prior-year quarter.
- Ending active subscribers totaled 140,826, down 3.8% year over year.
- Third-quarter revenue guidance is $87 million to $90 million.
- Cash and cash equivalents were $29.0 million as of July 31, 2026.
$RENT Insider Trading Activity
$RENT insiders have traded $RENT stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $RENT stock by insiders over the last 6 months:
- DHIREN R. FONSECA sold 34,516 shares for an estimated $103,220
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$RENT Hedge Fund Activity
We have seen 30 institutional investors add shares of $RENT stock to their portfolio, and 25 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 445,111 shares (+115.9%) to their portfolio in Q2 2026, for an estimated $1,402,099
- MILLENNIUM MANAGEMENT LLC removed 201,279 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $634,028
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 142,611 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $449,224
- GEODE CAPITAL MANAGEMENT, LLC added 102,663 shares (+34.5%) to their portfolio in Q2 2026, for an estimated $323,388
- JANE STREET GROUP, LLC removed 87,193 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $416,782
- QUINN OPPORTUNITY PARTNERS LLC removed 82,044 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $392,170
- MARSHALL WACE, LLP removed 56,126 shares (-66.0%) from their portfolio in Q2 2026, for an estimated $176,796
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
