Name | Value |
---|---|
Revenues | 75.8M |
Cost of Revenue | 20.1M |
Gross Profit | 55.7M |
Operating Expense | 71.9M |
Operating I/L | -19.3M |
Other Income/Expense | -5.0M |
Interest Income | 0.0M |
Pretax | -24.3M |
Income Tax Expense | 0.5M |
Net Income/Loss | -24.8M |
Rent the Runway, Inc. is a fashion rental company that offers a wide range of designer wear for women, including ready-to-wear, workwear, maternity, activewear, and accessories. Customers can rent these items through the company's stores and online platform. Additionally, Rent the Runway engages in software development and support activities. The company generates revenue by renting out its extensive collection of clothing and accessories, providing customers with the opportunity to access high-end fashion without the need for a long-term purchase commitment.