India, Sept. 11 -- Rent the Runway, Inc. (RENT), an online platform that allows users to rent, subscribe to, or buy designer apparel and accessories, on Friday posted a narrower net loss for the second quarter of fiscal 2026, helped by improved revenue.
For the three-month period to July 31, the company posted a net loss of $12.9 million, or $0.38 per share, compared with a net loss of $26.4 million, or $6.23 per share in the same period last year. Operating loss stood at $7.8 million as against an operating loss of $20.1 million a year ago. Excluding items, EBITDA surged to $12.6 million from $3.6 million in the prior year.
Total revenue moved up to $97.7 million from $80.9 million in the previous year. Subscription and reserve rental bu...