Tearsheet

Rent the Runway (RENT)


Market Price (12/25/2025): $8.22 | Market Cap: $45.9 Mil
Sector: Consumer Discretionary | Industry: Apparel Retail

Rent the Runway (RENT)


Market Price (12/25/2025): $8.22
Market Cap: $45.9 Mil
Sector: Consumer Discretionary
Industry: Apparel Retail

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 23%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 19%
Weak multi-year price returns
2Y Excs Rtn is -80%, 3Y Excs Rtn is -165%
Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -64 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -20%
1 Megatrend and thematic drivers
Megatrends include E-commerce & Digital Retail, Sustainable Consumption, and Experience Economy & Premiumization. Themes include Online Marketplaces, Show more.
  Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 331%
2   Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -24%
3   Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 92%
4   High stock price volatility
Vol 12M is 117%
5   Key risks
RENT key risks include [1] a history of significant losses and debt that challenge the business model's fundamental profitability, Show more.
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 23%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 19%
1 Megatrend and thematic drivers
Megatrends include E-commerce & Digital Retail, Sustainable Consumption, and Experience Economy & Premiumization. Themes include Online Marketplaces, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -80%, 3Y Excs Rtn is -165%
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -64 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -20%
4 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 331%
5 Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -24%
6 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 92%
7 High stock price volatility
Vol 12M is 117%
8 Key risks
RENT key risks include [1] a history of significant losses and debt that challenge the business model's fundamental profitability, Show more.

Valuation, Metrics & Events

RENT Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

The stock of Rent the Runway (RENT) experienced a significant upward movement of 66.3% during the approximate period from August 31, 2025, to December 25, 2025. This surge can be attributed to several key developments and positive financial news during this timeframe.

1. Major Debt Recapitalization and Balance Sheet Strengthening. On August 21, 2025, Rent the Runway announced a "growth recapitalization" transaction aimed at significantly improving its financial position. This plan involved a substantial reduction in outstanding debt, a decrease in interest expenses, and an extension of the maturity date for its remaining debt to 2029. As part of this, Aranda Principal Strategies (APS) converted a significant portion of its debt into common equity, and an investor group including APS, STORY3 Capital Partners, and Nexus Capital Management contributed an additional $20 million in cash to the company's balance sheet. The transaction was expected to close by December 31, 2025, and was successfully completed on October 28, 2025, reducing the total outstanding debt balance to $120 million. This restructuring provided essential financial flexibility and reduced liquidity risks, which likely fueled investor confidence.

2. Strong Q3 2025 Financial Results and Subscriber Growth. Rent the Runway reported strong third-quarter 2025 financial results on December 12, 2025, demonstrating significant revenue and subscriber growth. Total revenue for Q3 2025 reached $87.6 million, a 15% year-over-year increase, driven by a 12% increase in active subscribers, reaching 148,900. The company also reported a net income of $76.5 million, significantly boosted by a one-time $96.3 million gain from the debt restructuring. The stock responded positively to this news, with pre-market trading showing a rise of 17.05%.

Show more

Stock Movement Drivers

Fundamental Drivers

The 87.1% change in RENT stock from 9/24/2025 to 12/24/2025 was primarily driven by a 123.9% change in the company's P/S Multiple.
924202512242025Change
Stock Price ($)4.398.2187.06%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)302.80314.503.86%
P/S Multiple0.070.15123.87%
Shares Outstanding (Mil)4.495.59-24.30%
Cumulative Contribution76.01%

LTM = Last Twelve Months as of date shown

Market Drivers

9/24/2025 to 12/24/2025
ReturnCorrelation
RENT87.1% 
Market (SPY)4.4%16.2%
Sector (XLY)2.3%27.1%

Fundamental Drivers

The 86.7% change in RENT stock from 6/25/2025 to 12/24/2025 was primarily driven by a 125.7% change in the company's P/S Multiple.
625202512242025Change
Stock Price ($)4.408.2186.68%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)300.80314.504.55%
P/S Multiple0.060.15125.66%
Shares Outstanding (Mil)4.425.59-26.39%
Cumulative Contribution73.68%

LTM = Last Twelve Months as of date shown

Market Drivers

6/25/2025 to 12/24/2025
ReturnCorrelation
RENT86.7% 
Market (SPY)14.0%16.0%
Sector (XLY)15.3%24.4%

Fundamental Drivers

The 12.4% change in RENT stock from 12/24/2024 to 12/24/2025 was primarily driven by a 51.8% change in the company's P/S Multiple.
1224202412242025Change
Stock Price ($)7.318.2112.37%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)305.60314.502.91%
P/S Multiple0.100.1551.84%
Shares Outstanding (Mil)4.025.59-39.06%
Cumulative Contribution-4.77%

LTM = Last Twelve Months as of date shown

Market Drivers

12/24/2024 to 12/24/2025
ReturnCorrelation
RENT12.4% 
Market (SPY)15.8%27.7%
Sector (XLY)5.3%30.4%

Fundamental Drivers

The -84.7% change in RENT stock from 12/25/2022 to 12/24/2025 was primarily driven by a -78.4% change in the company's P/S Multiple.
1225202212242025Change
Stock Price ($)53.678.21-84.70%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)285.10314.5010.31%
P/S Multiple0.680.15-78.45%
Shares Outstanding (Mil)3.595.59-55.42%
Cumulative Contribution-89.40%

LTM = Last Twelve Months as of date shown

Market Drivers

12/25/2023 to 12/24/2025
ReturnCorrelation
RENT-32.0% 
Market (SPY)48.9%19.9%
Sector (XLY)38.7%21.4%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
RENT Return��-63%-83%-19%10%-94%
Peers Return��-68%34%116%91%�
S&P 500 Return16%27%-19%24%23%18%115%

Monthly Win Rates [3]
RENT Win Rate�0%42%17%33%42% 
Peers Win Rate�47%23%52%48%63% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
RENT Max Drawdown��-86%-85%-55%-56% 
Peers Max Drawdown��-74%-16%-31%-34% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: URBN, RVLV, REAL, TDUP, SFIX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/24/2025 (YTD)

How Low Can It Go

Unique KeyEventRENTS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-97.6%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven4145.2%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days

Compare to GAP, GES, ZUMZ, GCO, TJX

In The Past

Rent the Runway's stock fell -97.6% during the 2022 Inflation Shock from a high on 10/27/2021. A -97.6% loss requires a 4145.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Rent the Runway (RENT)

Rent the Runway, Inc. rents designer wear for women through its stores and online retail. The company offers ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear, ski wear, home goods, evening wear, and kids wear, as well as accessories. It also engages in the software development and support activities. The company was incorporated in 2009 and is headquartered in Brooklyn, New York.

AI Analysis | Feedback

Here are 1-3 brief analogies for Rent the Runway (RENT):

  • Netflix for designer fashion
  • Zipcar for designer clothes

AI Analysis | Feedback

  • Subscription Rental Service: A membership-based service offering ongoing access to rent designer apparel and accessories, with flexible item swaps.
  • One-Time Rental Service: A service allowing customers to rent individual designer apparel and accessories for specific events or short durations without a subscription.
  • Pre-Owned Item Resale: A service enabling customers to purchase previously rented designer apparel and accessories from its fleet at discounted prices.

AI Analysis | Feedback

Rent the Runway (symbol: RENT) primarily sells its services directly to **individual consumers**, making it a Business-to-Consumer (B2C) company. While they may have some minor business partnerships, their core revenue is derived from individuals who rent or subscribe to access designer apparel and accessories.

The company serves the following categories of individual customers:

  • Occasion-Specific Renters: These customers utilize Rent the Runway for one-time or infrequent rentals to acquire designer dresses, gowns, or accessories for special events such as weddings, galas, parties, formal dinners, or professional functions. They prioritize access to specific high-end pieces for a particular moment without the need for purchase.
  • Fashion-Forward Subscribers (Wardrobe Rotation): This category includes individuals who subscribe to a monthly plan to continuously refresh their everyday, work, and social wardrobes. They seek variety, enjoy experimenting with new styles and designers, and value the convenience and cost-effectiveness of accessing a rotating closet of designer apparel without the commitment of ownership.
  • Value & Sustainability-Minded Consumers: These customers are motivated by the economic benefits of renting (accessing luxury fashion at a fraction of the retail price) and/or the environmental benefits of participating in a circular fashion economy. They prioritize smart consumption, reducing their fashion footprint, and making conscious choices about their wardrobe while still enjoying high-quality designer clothing.

AI Analysis | Feedback

null

AI Analysis | Feedback

Jennifer Hyman, Chief Executive Officer and Co-Founder

Jennifer Hyman is the co-founder and Chief Executive Officer of Rent the Runway, which she co-founded in 2009. Prior to founding Rent the Runway, Hyman was the Director of Business Development at IMG's fashion division, ran an online advertising sales team for WeddingChannel.com, and worked as an in-house entrepreneur at Starwood Hotels, where she created the hotel's first wedding business. She led Rent the Runway through its IPO in 2021.

Sid Thacker, Chief Financial Officer

Sid Thacker has served as Rent the Runway's Chief Financial Officer since May 2023. Before this role, he was the Senior Vice President of FP&A at the company from July 2022 to May 2023. Prior to joining Rent the Runway, Mr. Thacker held several leadership positions in investment and advisory firms, including Investment Partner at Coalition Investment Partners from January 2020 to March 2022, CEO of SAR Capital Advisors, LP from June 2018 to January 2020, and Founder, CEO, and CIO of Signpost Capital Advisors, LP from August 2011 to December 2017.

Scarlett O'Sullivan, Former Chief Financial Officer

Scarlett O'Sullivan served as Chief Financial Officer at Rent the Runway for eight years, from September 2015 until May 2023, and played a pivotal role in launching and scaling the company's subscription business and taking the company public in 2021. Before her time at Rent the Runway, she gained extensive financial expertise leading technology IPOs as an investment banker and through venture capital investment experience at SoftBank Capital and SoftBank China & India Holdings.

Anushka Salinas, President and Chief Operating Officer

Anushka Salinas serves as the President and Chief Operating Officer of Rent the Runway, leading teams in technology, product, marketing, and analytics. She joined Rent the Runway in December 2018 as Chief Revenue Officer and previously was an early leader at Resonance, a venture operating company that invests in and operates early-stage fashion brands.

Drew Rau, Chief Supply Chain Officer

Drew Rau has served as Rent the Runway's Chief Supply Chain Officer since September 2023. He joined Rent the Runway in November 2021 as VP, Capacity Management and Planning, Transportation, and Loss Prevention, and later became SVP, Supply Chain and Inventory from January 2023 to August 2023. Prior to Rent the Runway, Mr. Rau served as VP Global Supply Chain at Overstock.com from November 2020 to November 2021, and as VP of Operations, Agricultural Operations and People Safety at Bowery Farming, an indoor agriculture startup, from February 2019 to November 2020. He also held several roles of increasing seniority at Amazon from November 2014 to February 2019, including Director of Fulfillment.

AI Analysis | Feedback

Key Risks to Rent the Runway (RENT)

  • Financial Health and Profitability: Rent the Runway has consistently faced significant financial challenges, including a history of operating losses, reliance on debt to finance operations, negative net margins, and declining revenue in certain periods. The company has also experienced decreased gross margins and has undertaken debt restructuring to address its substantial debt burden. There is an explicit concern that the business model itself may be inherently unprofitable.
  • Operational Complexities and High Costs: The business model of Rent the Runway involves intricate logistical challenges, high operational costs, and the demanding task of managing an extensive inventory that requires cleaning, repair, and efficient tracking. The company has reported increased fulfillment expenses and, in the past, a major software failure severely disrupted its supply chain and order fulfillment.
  • Intense Competition and Evolving Consumer Preferences: Rent the Runway operates within a highly competitive landscape, facing challenges from both direct and indirect competitors in the fashion rental and broader fashion industry. The increasing popularity of resale platforms and shifts in consumer preferences necessitate continuous innovation and adaptation to market trends to maintain its market position.

AI Analysis | Feedback

  • The rapid growth and mainstream adoption of the resale market. Platforms like ThredUp, Poshmark, and The RealReal offer consumers the ability to purchase pre-owned designer items at a discount, providing a strong alternative to renting for those seeking sustainable fashion or access to high-end brands. The increasing comfort and preference for buying and selling pre-owned items directly competes for consumer spend that might otherwise go towards rental services, by offering ownership and potential for re-sale.

  • The accelerating market share and strong performance of direct competitor Nuuly. Backed by Urban Outfitters, Nuuly has demonstrated significant and consistent subscriber growth and profitability in the fashion rental subscription space. This strong, well-funded competitor offers a similar value proposition and is rapidly capturing market share, posing a substantial challenge to Rent the Runway's customer acquisition and retention efforts.

AI Analysis | Feedback

The addressable markets for Rent the Runway's main products and services are as follows:

Online Clothing Rental

  • U.S. Market: The North American online clothing rental market accounted for 38.7% of the global market in 2024. Based on the global market size of $2.61 billion in 2024, the U.S. (as a dominant part of North America) market is estimated to be approximately $1.01 billion in 2024.
  • Global Market: The global online clothing rental market was valued at USD 2.61 billion in 2024 and is projected to reach USD 39.93 billion by 2032, growing at a compound annual growth rate (CAGR) of 40.60% during the forecast period.

Resale of Used Apparel

  • U.S. Market: The U.S. secondhand apparel market is estimated to be worth $56 billion as of 2025. This market is projected to reach $74 billion by 2029.
  • Global Market: The global secondhand apparel market is expected to reach $367 billion by 2029, growing at a CAGR of 10%.

AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for Rent the Runway (RENT) over the next 2-3 years:
  1. Growth in the Reserve Business: Rent the Runway is focusing on and seeing momentum in its "reserve business," particularly for special event rentals. This area has shown significant new customer growth without incremental marketing dollars and is considered a strategic priority.
  2. Enhanced Subscriber Loyalty and Retention: The company aims to drive revenue growth by increasing subscriber loyalty and improving retention rates. Initiatives include personalized customer engagement, a 60-day risk-free rental promise for new members, back-in-stock notifications, stylist consultations, and personalized onboarding calls. These efforts are designed to reduce churn and foster long-term subscriber relationships.
  3. Strategic Inventory Management and "Share by RTR" Model: Rent the Runway is shifting towards a more capital-light inventory acquisition model through its "Share by RTR" program and exclusive designs. This involves revenue-sharing partnerships with brands, reducing upfront inventory costs, and focusing on high-demand, high-margin styles. This strategy is expected to improve inventory efficiency and customer satisfaction.
  4. Diversified and Organic Customer Acquisition: Rent the Runway is investing in a variety of marketing initiatives, including brand campaigns, celebrity partnerships for curated closet rentals, campus tours, and social media engagement. Additionally, significant improvements in site performance and organic digital marketing driven by user-generated content are aimed at cost-effectively expanding its customer base.
  5. Technology and AI-Powered Customer Experience: The company is leveraging technology and artificial intelligence (AI) to enhance the customer experience. This includes personalized app home screens, tiered rewards systems, preview tools, and the deployment of AI to summarize customer reviews and improve fit recommendations, all contributing to a more relevant and engaging experience for subscribers.

AI Analysis | Feedback

Share Issuance

  • In October 2025, shareholders approved the issuance of Class A common shares related to the conversion of a term loan as part of a recapitalization plan.
  • Shareholders also approved the issuance of shares in connection with a rights offering backstop agreement dated August 20, 2025.
  • A $12.5 million rights offering in October 2025 allowed shareholders to purchase up to 3,063,725 shares at $4.08 per share, generating approximately $12.5 million in primary gross proceeds.

Inbound Investments

  • As part of a recapitalization plan closed in October 2025, an investor group (Aranda Principal Strategies (APS), STORY3 Capital Partners, and Nexus Capital Management) contributed $20 million in new cash to the company's balance sheet.
  • In August 2025, Aranda Principal Strategies (APS) converted approximately $243 million of its debt investment into common equity at an effective conversion price of $9.23 per share.
  • The recapitalization transactions in October 2025 strategically reduced Rent the Runway's total outstanding debt from $340 million to $120 million and extended its maturity to 2029.

Capital Expenditures

  • Purchases of rental product, which represent a significant portion of capital expenditures, were $(42.0) million in Q2 2025, compared to $(26.3) million in Q2 2024.
  • For fiscal year 2025, Rent the Runway plans to add over 80 new brands to its platform, with 56 already launched in the first half of the year.
  • The company is focusing on increasing the quantity and desirability of rental product purchases and shifting to an "asset-light" model where fashion brands supply inventory and share in rental revenues.

Better Bets than Rent the Runway (RENT)

Latest Trefis Analyses

TitleTopic
0DASHBOARDS 
1Rent the Runway Earnings Notes 
2null 
Title
0ARTICLES

Trade Ideas

Select ideas related to RENT. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE11302025BBWIBath & Body WorksDip BuyDB | Insider Buys | Low D/EDip Buy with Strong Insider Buying
Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
13.3%13.3%0.0%
HRB_11262025_Dip_Buyer_FCFYield11262025HRBH&R BlockDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
5.3%5.3%-0.1%
LRN_11262025_Dip_Buyer_FCFYield11262025LRNStrideDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
3.4%3.4%-4.4%
ABNB_11212025_Dip_Buyer_FCFYield11212025ABNBAirbnbDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
19.7%19.7%0.0%
MTN_11212025_Dip_Buyer_FCFYield11212025MTNVail ResortsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
1.8%1.8%-1.6%

Recent Active Movers

More From Trefis

Peer Comparisons for Rent the Runway

Peers to compare with:

Financials

RENTURBNRVLVREALTDUPSFIXMedian
NameRent the.Urban Ou.Revolve RealReal ThredUp Stitch F. 
Mkt Price8.2178.1929.8416.236.325.1612.22
Mkt Cap0.07.02.11.90.80.71.3
Rev LTM3146,0001,1956632981,290929
Op Inc LTM-6457265-35-23-39-29
FCF LTM-7640363-18253
FCF 3Y Avg-7828136-49-14339
CFO LTM-26337415132219
CFO 3Y Avg-549143-14-34920

Growth & Margins

RENTURBNRVLVREALTDUPSFIXMedian
NameRent the.Urban Ou.Revolve RealReal ThredUp Stitch F. 
Rev Chg LTM2.9%11.1%9.2%14.3%41.7%-0.1%10.2%
Rev Chg 3Y Avg3.3%8.2%3.5%4.3%5.6%-11.4%3.9%
Rev Chg Q15.4%12.3%4.4%17.5%33.6%7.3%13.9%
QoQ Delta Rev Chg LTM3.9%2.9%1.1%4.1%7.4%1.8%3.4%
Op Mgn LTM-20.3%9.5%5.4%-5.3%-7.8%-3.0%-4.2%
Op Mgn 3Y Avg-21.4%8.0%4.1%-14.1%-14.9%-6.9%-10.5%
QoQ Delta Op Mgn LTM-0.0%-0.0%0.5%1.3%2.8%0.1%0.3%
CFO/Rev LTM-0.7%10.5%6.2%2.3%4.3%1.7%3.3%
CFO/Rev 3Y Avg-1.6%8.9%3.8%-2.7%-0.3%3.4%1.6%
FCF/Rev LTM-24.3%6.7%5.3%-2.7%0.5%0.4%0.5%
FCF/Rev 3Y Avg-25.6%5.1%3.2%-8.5%-4.5%2.2%-1.1%

Valuation

RENTURBNRVLVREALTDUPSFIXMedian
NameRent the.Urban Ou.Revolve RealReal ThredUp Stitch F. 
Mkt Cap0.07.02.11.90.80.71.3
P/S0.11.21.82.82.60.51.5
P/EBIT-0.711.632.7-42.0-38.0-17.9-9.3
P/E4.314.338.3-26.3-21.5-23.9-8.6
P/CFO-20.811.128.9121.561.331.030.0
Total Yield23.1%7.0%2.6%-3.8%-4.6%-4.2%-0.6%
Dividend Yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-207.1%6.6%2.7%-19.5%-2.7%8.2%-0.0%
D/E4.40.20.00.20.10.10.1
Net D/E3.30.1-0.10.20.0-0.20.0

Returns

RENTURBNRVLVREALTDUPSFIXMedian
NameRent the.Urban Ou.Revolve RealReal ThredUp Stitch F. 
1M Rtn75.1%25.7%29.6%21.2%-12.3%30.6%27.6%
3M Rtn87.1%9.8%31.6%60.9%-33.3%-8.5%20.7%
6M Rtn86.7%13.4%47.8%233.4%-18.8%41.2%44.5%
12M Rtn12.4%43.3%-11.7%74.0%354.7%36.9%40.1%
3Y Rtn-84.7%224.2%27.7%1,375.9%371.6%74.3%149.2%
1M Excs Rtn71.7%22.3%26.2%17.8%-15.7%27.2%24.3%
3M Excs Rtn85.2%4.8%30.3%55.9%-37.1%4.6%17.5%
6M Excs Rtn73.0%-2.2%34.2%225.3%-32.3%27.7%31.0%
12M Excs Rtn-6.7%25.1%-29.4%56.0%328.2%19.3%22.2%
3Y Excs Rtn-164.9%117.2%-57.8%1,160.2%192.4%-14.0%51.6%

Financials

Segment Financials

Revenue by Segment
$ Mil2025202420232022
Single Segment298   
Other revenue 281822
Subscription and Reserve rental revenue 269186136
Total298296203158


Price Behavior

Price Behavior
Market Price$8.21 
Market Cap ($ Bil)0.0 
First Trading Date10/27/2021 
Distance from 52W High-6.5% 
   50 Days200 Days
DMA Price$5.24$4.78
DMA Trendindeterminateup
Distance from DMA56.8%71.8%
 3M1YR
Volatility95.0%117.7%
Downside Capture-161.88179.34
Upside Capture165.53165.71
Correlation (SPY)16.9%27.8%
RENT Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta3.032.402.873.121.822.16
Up Beta-0.061.072.122.351.721.53
Down Beta6.043.731.543.051.312.00
Up Capture579%205%408%412%273%1450%
Bmk +ve Days13263974142427
Stock +ve Days14223362113327
Down Capture230%217%344%293%157%112%
Bmk -ve Days7162452107323
Stock -ve Days6203061132407

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
null
Based On 5-Year Data
null
Based On 10-Year Data
null

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity518,996
Short Interest: % Change Since 113020257.5%
Average Daily Volume263,767
Days-to-Cover Short Interest1.97
Basic Shares Quantity5,586,257
Short % of Basic Shares9.3%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
12/12/202518.1%56.0% 
9/11/2025-36.4%-36.1%-34.9%
4/15/2025-18.2%-25.4%3.7%
12/9/2024-21.8%-29.5%-32.4%
9/5/2024-27.7%-33.8%-38.0%
4/10/2024161.9%67.6%83.6%
12/5/2023-5.9%17.1%-31.6%
9/8/2023-27.9%-34.0%-50.0%
...
SUMMARY STATS   
# Positive443
# Negative9910
Median Positive46.2%61.8%83.6%
Median Negative-21.8%-29.5%-34.9%
Max Positive161.9%167.6%179.4%
Max Negative-38.7%-41.1%-59.8%

SEC Filings

Expand for More
Report DateFiling DateFiling
103120251212202510-Q 10/31/2025
7312025912202510-Q 7/31/2025
4302025606202510-Q 4/30/2025
1312025415202510-K 1/31/2025
103120241209202410-Q 10/31/2024
7312024906202410-Q 7/31/2024
4302024606202410-Q 4/30/2024
1312024411202410-K 1/31/2024
103120231206202310-Q 10/31/2023
7312023908202310-Q 7/31/2023
4302023608202310-Q 4/30/2023
1312023413202310-K 1/31/2023
103120221209202210-Q 10/31/2022
7312022913202210-Q 7/31/2022
4302022610202210-Q 4/30/2022
1312022414202210-K 1/31/2022