Rent the Runway, Inc. announced its financial results for the fourth quarter and full fiscal year 2024, ended January 31, 2025, on April 15, 2025. The company reported a significant improvement in its cash position, with cash and cash equivalents declining by $6.6 million in FY 2024, compared to a $70.5 million decline in FY 2023, marking record low cash consumption.
Following this period of financial discipline, Rent the Runway announced a strategic pivot towards investing for growth in fiscal year 2025. This includes the largest inventory acquisition in company history, with a rollout planned throughout FY 2025, aimed at reigniting subscriber growth and strengthening customer loyalty.
For fiscal year 2025, the company expects double-digit growth in ending active subscribers and projects full-year cash consumption between negative $30 million and negative $40 million, reflecting the planned growth investments. For the first quarter of 2025, Rent the Runway anticipates revenue between $68 million and $70 million.
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