RENT, US76010Y2028

Rent the Runway stock gained 6.45 percent as rights deadline nears

Published on 10/07/2026 at 02:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Rent the Runway stock is tied to a rights offering for 4,225,352 shares at USD 3.55 through October 14, 2026. Fiscal Q2 revenue reached USD 97.7 million.

RENT, US76010Y2028, Illustration mit AI erstellt.

Rent the Runway (ISIN US76010Y2028) stock was last at USD 1.65 on Nasdaq on October 6, 2026 at 4:00 p.m. ET, up 6.45 percent from the prior close. The immediate company issue is a rights offering that gives shareholders a financing decision before its October 14, 2026 deadline.

Rights offering sets the near term

According to StockTitan on September 30, 2026, Rent the Runway is offering rights to purchase up to 4,225,352 Class A shares at USD 3.55 per share. The subscription period ends at 5:00 p.m. ET on October 14, 2026, unless extended.

The filing says the company expects USD 14.3 million in net proceeds after offering expenses. Unsubscribed shares are covered by an investor group, and the backstop scenario would leave that group with more than 86.2 percent of outstanding Class A shares, making dilution and ownership concentration central issues for shareholders.

Revenue grows while users retreat

Rent the Runway's fiscal Q2 2026 revenue reached USD 97.7 million, up 20.8 percent from the prior-year quarter, according to TradingKey on September 11, 2026. Adjusted EBITDA was USD 12.6 million, while gross margin expanded to 36.1 percent from 30.0 percent.

The customer trend points in the opposite direction. Ending active subscribers fell 3.8 percent year over year to 140,826, even as average active subscribers rose 1 percent to 148,259. Management reaffirmed double-digit fiscal 2026 revenue growth and adjusted EBITDA margin guidance of 4 percent to 7 percent.

Q3 guidance tests the recovery

For fiscal Q3 2026, management guided to revenue of USD 87 million to USD 90 million, equal to flat growth to 3 percent growth from the prior-year quarter. Adjusted EBITDA margin guidance of negative 3 percent to negative 6 percent reflects seasonal subscription pauses and higher product costs, according to TradingKey.

For investors, the contrast is measurable: quarterly revenue accelerated by 20.8 percent, but the ending subscriber base contracted by 3.8 percent. The rights offering adds liquidity, while its USD 3.55 subscription price stands well above the October 6 market price of USD 1.65.

Rent the Runway stock stays speculative

Rent the Runway stock was last at USD 1.65 on Nasdaq on October 6, 2026 at 4:00 p.m. ET. The same session showed a high of USD 1.70 and a low of USD 1.56, while the 52-week range was USD 1.51 to USD 10.13.