Trade Rent the Runway, Inc. - RENT CFD

Trading Conditions

• Spread: 0.11
• Long position overnight feeLong position overnight feeMargin. Your investmentUS$1,000.00Overnight feeCharges from full value of position-0.026179 %(-US$1.05)Trade size with leverage ~ US$5,000.00Short position overnight fee ~ US$4,000.00Go to platform: -0.026179%
• Short position overnight feeShort position overnight feeMargin. Your investmentUS$1,000.00Overnight feeCharges from full value of position0.003957 %(US$0.16)Trade size with leverage ~ US$5,000.00Short position overnight fee ~ US$4,000.00Go to platform: 0.003957%
• Overnight fee time: 21:00 (UTC)
• Currency: USD
• Min traded quantity: 1
• Margin: 20
• Stock exchange: United States of America
• Commission on trade: 0%

• Margin. Your investment: US$1,000.00
• Overnight feeCharges from full value of position: -0.026179 %
  (-US$1.05)

• Margin. Your investment: US$1,000.00
• Overnight feeCharges from full value of position: 0.003957 %
  (US$0.16)

Key Stats

• Prev. Close: 11.41
• Open: 11.2
• 1-Year Change: 310.26%
• Day's Range: 10.82 - 11.43

Rent the Runway, Inc. Company profile

About Rent the Runway Inc

Rent the Runway, Inc is engaged in offering shared designer closet called Closet in the Cloud. The Company offers over 18,000 styles by over 750 designer brands that transforms the way women get dressed by letting them wear whatever they want, without having to own it. It gives customers ongoing access to its unlimited closet through its subscription offerings to rent a-la-carte through its reserve offering. It also gives its subscribers and customers the ability to buy its products through its resale offering. Its Closet in the Cloud offers an assortment of items for every occasion, from evening wear and accessories to ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear, ski wear, home goods and kidswear. The Company’s Closet in the Cloud connects its engaged customers and its differentiated brand partners on a platform built around its brand, data, logistics and technology advantages.

Financial summary

BRIEF: For the nine months ended 31 October 2021, Rent the Runway Inc revenues increased 12% to $139.2M. Net loss increased 30% to $172.5M. Revenues reflect Subscription and Reserve rental revenue increase of 19% to $127M. Higher net loss reflects Other Non Operating I/E increase from $0K to $17.4M (expense), Stock-based Compe increase from $1.9M to $14M (expense), G/L on early Exting of lease relat debt increase from $600K to $12.2M (expense).