Rent the Runway
Fashion rentalUSA
New to Unitard
π Public < $1B
PeakΒ $1.7 BillionToday
β96%
from peak
- π¦Became a unicorn2019
- πPeak valuation$1.7 Billion β21
- πBecame a Unitard2022
- πΈLast valuation~$65.8M
Current status
Public (RENT)
Live Β· RENTΒ· NasdaqGM
as of 2026-09-21
$1.94β² 0.52% today
βΒ $65.8 Million market cap Β· β96.1% from peak
The rise & fall
8 moments Β· 2009β2025The key moments, with employee sentiment along the way.
2009
2009
Founded to rent the runway
Harvard Business School classmates Jennifer Hyman and Jennifer Fleiss pitch designer dresses by mail β borrow the gown, skip the price tag.
Wikipedia
2019
2019
Joins the unicorn club
The subscription 'closet in the cloud' pushes the valuation past $1B.
TechCrunch
2020
2020
Lockdowns empty the closet
A business built on weddings, offices and parties meets a world with nowhere to go.
CNBC
Oct 2021
Oct 2021
The peak: a $1.7B IPO$1.7B
Lists on Nasdaq in October 2021 at about a $1.7B valuation β a level the stock never sees again.
CNBC
2022
2022
Slips out of the club
Subscriber churn and heavy losses sink the shares within months of listing.
stockanalysis.com
2022β24
From the inside Β· Glassdoor reviews, 2022β24
Glassdoor reviews from the post-IPO years described a hire-then-layoff rhythm β some rounds announced on company-wide video calls β with pay frozen for two years or more. Remote customer-service staff wrote of tightening hourly quotas and days spent talking members out of canceling.
2023β25
2023β25
Grinding toward $0.13B
The market cap settles around $130M β roughly 8 cents on every peak dollar.
stockanalysis.com
Today
Today
Still in the club β and still trading
Live Β· RENT Β· NasdaqGMas of 2026-09-21
$1.94β² 0.52% todayβ $65.8M cap Β· β96.1% from peak
π¬ entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor β; dated facts carry their source.
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
Founders
Current roles as self-reported on LinkedIn, retrieved 2026-08-19. See our methodology.
