RENT Rent the Runway, Inc.

Rent the Runway, Inc. (NASDAQ:RENT) reported on September 11 that revenue for the quarter ended July 31 increased 20.8% to $97.7 million. Quarter-end active subscribers fell 3.8% to 140,826. The active count excludes paused memberships. Average active subscribers increased 1% to 148,259, based on the mean of beginning and ending counts. Revenue growth is encouraging, […]

New CEO takes helm as company refocuses on core rental and selling operations.

Moby summary of Rent the Runway, Inc.'s Q2 2026 earnings call

Rent the Runway Inc (RENT) posted record Q2 2026 revenue of $98 million with expanding margins, but active subscribers fell 3.8% as the company names Paige Thomas as its new CEO.

The subscription retailer introduced tools that let customers view entire outfits and enable virtual try-ons, but its financial results remain under pressure.

Rent the Runway (NASDAQ:RENT) reported record second-quarter revenue and expanded profitability as the fashion rental platform emphasized its core rental, resale and customer-experience initiatives while pausing several noncore pilots. The company generated $97.7 million in second-quarter revenue,

The retail veteran will help the company sharpen its focus on its core business and renting and selling fashion.

Paige Thomas, who starts Monday, is one of a cohort hailing from the department store, including interim CEO Teri Bariquit.

Babylist founder Natalie Gordon will become executive chair, in a rare founder-to-founder CEO transition.