Rent the Runway GAAP EPS of -$6.55, revenue of $80.9M

For the fiscal third quarter of 2025, Rent the Runway expects:

• Revenue of between $82 million and $84 million
• Adjusted EBITDA Margin¹ of between (2)% and +2%

For fiscal year 2025, Rent the Runway -

• Reiterates guidance for double-digit growth in ending Active Subscribers versus fiscal year 2024.
• Expects Free Cash Flow² to be lower than $(40) million, primarily due to costs related to the recapitalization transactions announced on August 21, 2025.