Rent the Runway reported third quarter (Q3) 2025 results with revenue of USD 87.6 million. Net income for Q3 2025 was USD 76.5 million, representing 87.3 percent of revenue, compared to a net loss margin of 24.9 percent in the same period of 2024. The Q3 2025 net income includes a one-time USD 96.3 million gain from debt restructuring. Adjusted EBITDA for Q3 2025 was USD 4.3 million, with an adjusted EBITDA margin of 4.9 percent, compared to 12.3 percent in Q3 2024. For the fiscal fourth quarter (Q4) 2025, Rent the Runway expects revenue between USD 85 million and USD 87 million and an adjusted EBITDA margin between 11 percent and 13 percent. For fiscal year (FY) 2025, revenue is expected to be between USD 323.1 million and USD 325.1 million, with an adjusted EBITDA margin between 4.9 percent and 5.5 percent.