Forensic Analysis · Retail / Consumer Discretionary · as of Sep 8, 2026

Rent The Runway, Inc. (RENT)

A forensic read on Rent The Runway, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

F · Poor — capital at risk

Forensic grade

Distress

Financial health

-18.0

Distress distance

Clean

Earnings quality

Forensic signals

7.7%

Revenue growth

The financial-health reading above compares this company's equity at BOOK value, not at what the market currently pays for it — this free snapshot doesn't pull live market data. Treat it as a rough read, not the final word.

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Rent The Runway, Inc. earns an F (Poor — capital at risk) forensic quality grade, and its balance-sheet distress test reads -18.0, placing it in the Distress zone (based on book value, not market value, since this free snapshot doesn't pull live market data — treat this zone as a rough read, not the final word). 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

-48.2%

FY2026

Return on invested capital. Return on invested capital is -48.2% in the latest fiscal year and rising from -67% — well below its ~9% cost of capital, and it has been across FY2022–FY2026, so reinvested dollars have not been earning their keep.

n/m (stock split)

FY2023–FY2026

Share count (stock split). Diluted share count changed +273% over the last 3 years to FY2026, but that includes a large one-time change around FY2026 consistent with a stock split or reverse split, not gradual buybacks or issuance — a split changes the count with NO effect on any holder's proportional ownership, so the raw +55.1%/yr figure isn't a real buyback/dilution read here.

1.3% of rev

FY2026

Stock-based comp load. Stock-based compensation ran 1.3% of revenue in FY2026 — about $0.35 per diluted share. No cash left the business to pay it, which is why operating cash flow adds it back. Net of repurchases the diluted count still rose about 11.1% a year, and the rate is falling. Stock compensation is one source of that issuance; acquisition consideration, equity raises, convertibles and other employee plans also net into the count, and these figures do not separate them.

Key fundamentals

Latest Revenue$329.8M

Revenue Growth YoY+7.7%

Revenue CAGR (3yr)+3.6%

Net Margin6.9%

Free Cash Flow-$72.4M

The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Rent The Runway, Inc.'s actual 10-K/10-Q/8-K filings?

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Data from SEC EDGAR public filings · metrics as of Sep 8, 2026. Forensic signals flag probability, not certainty.