NEW YORK, May 28, 2026, 13:02 (EDT)
Rent the Runway shares were up 2.9% at $3.97 in midday Nasdaq trading Thursday, ahead of the upcoming Q1 report and management change. The stock moved between $3.77 and $4.18. Volume was around 61,400 shares.
Rent the Runway’s June 3 update is key for investors looking for signs the company can maintain subscriber and revenue growth with new leaders at the top. Shares don’t trade heavily, so headlines can drive bigger swings.
Rent the Runway plans to release first-quarter earnings for the quarter ended April 30 before the bell on June 3, with a call set for 8:30 a.m. Eastern. The company provides subscription and one-time rentals, plus resale, for designer clothing and accessories.
Rent the Runway’s earnings call is happening just weeks after Jennifer Hyman quit as chief executive, president and board member. Teri Bariquit, a director at Rent the Runway and ex-Nordstrom chief merchandising officer, has stepped in as interim CEO. Hyman will stay on as adviser until January 2027.
Rent the Runway’s leadership change is being pitched as a shift from founder rebuild to a phase focused on execution. Bariquit said the company is in its “strongest financial position in years.” Hyman said it was the “right moment” to leave the CEO post.
Rent the Runway is looking for a new CFO after Siddharth Thacker resigned, a filing showed. Thacker quit on May 18 and is set to leave around June 3, after first-quarter results come out. The company said Thacker’s exit wasn’t because of issues with operations, financial statements or accounting policies.
The company stuck to its fiscal 2026 guidance after Thacker resigned. Back in April, it put out a first-quarter revenue forecast of $85 million to $87 million with an adjusted EBITDA margin, which strips out interest, taxes, depreciation, amortization, and some other costs, ranging from negative 5% to negative 7%. For the year, the company said it expects double-digit revenue growth and an adjusted EBITDA margin between 4% and 7%.
Rent the Runway wrapped up fiscal 2025 with 143,796 active subscribers, a 20.1% increase from last year. Fourth-quarter revenue came in at $91.7 million, also up 20%. Thacker described fiscal 2025 as “a pivotal year” for the company, pointing to “transformational changes” in both the balance sheet and customer experience.
The stock rose while the broader U.S. market also climbed. The Nasdaq Composite was up 0.66% late Thursday morning, Reuters reported. Gains were tied to optimism over a potential U.S.-Iran deal, though investors kept an eye on inflation data. “Traders were on a hair trigger,” Jamie Cox of Harris Financial Group said. Reuters
Online fashion and resale stocks traded higher. ThredUp added 2.4% at $4.77. Stitch Fix advanced 4.5% to $3.69. The Invesco QQQ Trust, which follows the Nasdaq-100, rose 0.9%.
Still, the trade leaves little margin if the update disappoints. Results that miss, slower subscriber numbers, more rental-product costs, or management roles that stay open could push shares lower again. The company also points to debt, tariffs, logistics, ongoing CEO search, and reliance on top executives as risks.
Investors are looking at Rent the Runway as a minor turnaround play, waiting for a near-term catalyst. The next hurdle comes with the June 3 report, when the focus shifts to whether the company can deliver growth without reversing the cost cuts and balance-sheet work management’s been pushing for the last two years.
