Rent the Runway, Inc., the fashion rental pioneer, posted $329.8 million revenue in fiscal 2025, reflecting a 7.7% increase over the prior year, driven primarily by subscriber growth and an expanding brand partnership network. The company achieved a profitable net income for the first time in recent years, recording $22.6 million, despite ongoing operating losses exacerbated by higher costs. However, Rent the Runway’s recent October 2025 recapitalization reduced indebtedness but introduced a stringent credit agreement with covenants that may limit investment and operational initiatives. Key growth drivers include scaling subscription tiers and deepening brand collaborations, while risks stem from competitive pressure and constraints imposed by new debt agreements.