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Rent the Runway

Fashion rentalUSA
📉 Public < $1B
Peak $1.7 BillionToday
~-92%
from peak
  1. 🦄
    Became a unicorn
    2019
  2. 📈
    Peak valuation
    $1.7 Billion ’21
  3. 💔
    Became a Unitard
    2022
  4. 💸
    Last valuation
    ~$136M
Current status
Public ~$0.13B

How it happened

Rent the Runway is a fashion-rental subscription service that reached a roughly $1B+ private valuation and went public in 2021 at about $1.7B. Pandemic disruption, subscriber churn, and heavy losses sent shares down sharply after listing, cutting its market cap to around $0.13B (~-92% from peak).

Source: stockanalysis.com June 2026