Rent The Runway tanks 27% post-earnings on heavy loss
Rent The Runway stock plunged 27% after-hours despite Q2 revenue rising 2.5% to $80.9M and subscribers up 13% YoY to 146K. Losses widened to $26.4M as costs jumped 14%. Market cap now just $32.3M vs. $1B at IPO. Retail sentiment on Stocktwits flipped bullish, but debt conversion plans and cash burn keep risks elevated.