Rent the Runway reported record fiscal second-quarter revenue of $97.7 million, up 20.8% year over year, while gross profit rose 45.3% to $35.3 million and gross margin expanded to 36.1%. Adjusted EBITDA increased to $12.6 million, or 12.9% of revenue, and net loss narrowed to $12.9 million, or 38 cents per share, from $26.4 million, or $6.23 per share, a year earlier. Active subscribers declined 3.8% to 140,826, although average active subscribers, total subscribers and add-on bookings increased. Cash fell to $29 million as operating cash use widened to $5 million. Paige Thomas will become CEO and president on September 14, 2026, succeeding Teri Bariquit, while the company reaffirmed its fiscal 2026 outlook and expects third-quarter revenue of $87 million to $90 million. Rent the Runway also lowered planned rental-product purchases to $53 million-$55 million and said it was focusing resources on its core rental and selling businesses.