RENT THE RUNWAY, INC.
RENT · Consumer Discretionary · FY2026 filings · No moat ·
Doesn't clear the bar
The five investor questions
2020–2026: revenue 21500000.00 to 43800000.00, increasing; diluted EPS -42.12 to 1.88, increasing.
Median gross margin -158.3% over 7y, variable.
Median ROIC -81.2%, above the 12% hurdle in 0% of years.
Net debt/EBITDA n/ax, interest coverage 0x.
Owner earnings trend unclear, share count n/a.
Price vs. owner-earnings value range
- Owner earnings (normalized)
- —
- Value range / share
- —
- Conservative high estimate / share
- —
- Recent price
- $3.09
- Price vs. high estimate
- No price data
Conservative range under moat-index@2.0.0: low end 11.1×, high end capped at 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.
8 years of fundamentals
The business, in plain English
RENT THE RUNWAY, INC. booked $43.8M of revenue in FY2026 in the Consumer Discretionary sector and kept −102.1% of it as gross profit — a thin-margin business by that measure. After every other cost, 51.6% of each revenue dollar reached the bottom line.
Across the filed record, revenue grew from $21.5M (FY2020) to $43.8M (FY2026) — about 12.6% a year compounded over 6 years.
It earned −81.2% on invested capital in FY2026, with a median of −81.2% across 5 filed years. The Returns on Capital filter above scores it 0/100.
The balance sheet carried $157.0M of total debt in FY2026 against $22.6M of owner earnings — roughly 6.9 years of owner earnings to retire it all. Balance-Sheet Safety scores it 28/100.
Put together: Business Trend is the strongest of the five filters (72/100) and Pricing Power the weakest (0/100), which is how RENT lands at 29/100 — a None moat.
This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.
Gaps in a line mean that item isn’t in RENT’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.
Moat Score history
Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars
- Methodology upgraded moat-index@1.2.0tomoat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026
Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.
Track record
How RENT THE RUNWAY, INC.’s moat rated in each of the years we can reconstruct from its filings — scored only on what was knowable at the time — and what its price and returns did afterward. The score never saw a price; the two are joined only in hindsight, for education, not as a signal.
How to read this: each dot is what the engine would have scored RENT on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.
Two tracks, one timeline: the score has its own 0–100 scale (top), the price its own 100-based scale (bottom) — never a shared axis. The price path is a total-return (dividends reinvested) index built from the same data the forward returns use; gaps in the score line are years with no reconstructed rating (see the table for why). The Table view carries every value.
What followed, in the years it rated Wide
In the reconstructed history shown, RENT did not rate Wide-moat in any year, so there is no wide-moat track record to report. That absence is itself the honest answer — we don’t manufacture a comparison where the rating never earned one.
Consumer Discretionary context
#413 of 482 scored Consumer Discretionary companies, ranked by Moat Score.
Nearest peers by Moat Score
- #411RKLB Rocket Lab Corp29.0 out of 100, No moatNo moat
- #412RDW Redwire Corp28.7 out of 100, No moatNo moat
- #414PEVM Phoenix Motor Inc.28.6 out of 100, No moatNo moat
- #415OABIW OMNIAB, INC.28.5 out of 100, No moatNo moat
Compare RENT with its nearest peers →All Consumer Discretionary companies on the Index →
Common questions about RENT
- Does RENT THE RUNWAY, INC. have an economic moat?
- Based on its FY2026 SEC filings, the Moat Index scores RENT THE RUNWAY, INC. (RENT) 28.6 out of 100 — below the Shallow-moat bar, so no moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 72, pricing power 0, returns on capital 0, balance-sheet safety 28, capital discipline 44.
- How has RENT's Moat Score changed over time?
- The record logs 8 readings since Jul 17, 2026; the latest reads 28.6 out of 100 (no moat). No tier changes on record yet. (A methodology upgrade on Jul 20, 2026 re-based the score; readings across engine versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.