RENT — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-06-03

• •Expanded Personalized Discovery Across the RTR Platform: In April 2026, we launched personalized carousels across our platform, now live for all subscribers. Customers can now discover items similar to their recent favorites and explore a curated “For You” feed tailored to their individual style pr…

• •Enhanced Visual Experience with AI-Driven Imagery: In April 2026, we significantly improved imagery across our platform by moving away from outdated visuals and introducing more relatable, true-to-life imagery designed to help customers better envision themselves wearing each item. These updates ar…

• •Advancing AI-Powered Outfit Discovery: In May 2026, we began internal testing of outfit generation capabilities, enabling RTR to recommend complete looks rather than individual items. We expect to roll out this functionality to subscribers in the coming months and believe it has the potential to me…

• •Continued Progress Across New Revenue Stream Initiatives: We continue to advance a set of early-stage growth initiatives across our online marketplace, advertising and media platform, and B2B business. Across each initiative introduced last quarter, we have moved from pilot programs to early operat…

• •Net cash (used in) provided by operating activities was $(3.8) million and $8.3 million, and net cash used in investing activities was $(9.8) million and $(14.7) million, respectively;

Text removed vs the prior filing · source: 10-Q · 2025-12-12

• •Completed the Recapitalization Transactions. See “Note 4 — Recapitalization Transactions” in the Notes to the Condensed Consolidated Financial Statements for more information.

• •Driving Growth by Making the Biggest Inventory Acquisition in RTR History. This year, we’re on track to nearly double the new inventory added to our site and post more than 1.5 times the number of new styles relative to last year, which has driven substantial growth in our business. Ending Active S…

• •Reinvigorating our Brand & Fueling Growth with Community-First Organic Tactics: We’ve expanded our community-driven organic growth strategy to drive brand awareness and acquisition. Key launches in the third quarter of fiscal year 2025 include the RTR Muse, Affiliate Creator and City Ambassador pro…

• •Accelerating Product Innovation and Personalized Experience: Third quarter of fiscal year 2025 launches include a personalized home page redesign that encourages inventory discovery tailored according to a customer’s preferences.Since launch to date, our customer is engaging +57% more with the pers…

• •Optimizing Revenue per Subscriber and Driving Add-On Growth: We’ve enhanced the add-on pricing experience for customers by clearly showing her that the price prorates based on her specific billing cycle. These updates, along with overall inventory improvements, resulted in a +17% year-over-year inc…

Text added vs the prior filing · source: 10-Q · 2026-06-03

• During fiscal year 2025, we established a comprehensive framework for our IT general controls and substantially completed the design of these controls across our key financial systems.

Text added vs the prior filing · source: 10-Q · 2026-06-03

• •be effective and efficient in our marketing, particularly our paid marketing efforts;

• •keep pace with AI developments such as agentic search for shopping and successfully integrate and leverage AI tools and resources;

• •effectively respond to changes in macroeconomic realities, including consumer confidence, inflation, labor markets, tariffs, rising fuel costs, and consolidation or disruption in the retail industry and our individual brand partners; and

• •avoid or manage interruptions in our business from information technology downtime, global trade policies, cybersecurity or privacy incidents (including those resulting from our use of AI) and other factors that could affect our physical and digital infrastructure.

• •anticipating and successfully responding to changing apparel trends and consumer shopping preferences, including the use of AI in e-commerce;

Text removed vs the prior filing · source: 10-Q · 2025-12-12

• We may fail to realize all of the anticipated benefits of the Recapitalization Transactions, or those benefits may be short-lived or insufficient for our future needs.

• On October 28, 2025, we closed the Recapitalization Transactions to strengthen our financial position and financial flexibility by significantly reducing our existing indebtedness and adding capital to the business. See “Note 3 - Liquidity” and “Note 4 - Recapitalization Transactions” in the Notes t…

• In connection with the Recapitalization Transactions, we entered into a new credit agreement, which includes covenants that could restrict our operations or our ability to pursue growth strategies and initiatives, and failure to comply with these covenants could have a material adverse effect on our…

• Upon the closing of the Recapitalization Transactions, we entered into an amended and restated credit agreement (the “New Credit Agreement”), by and among the Company, as borrower, CHS (US) Management LLC, as administrative agent (the “Agent”), and CHS US Investments LLC (“Lender”), Gateway Runway, …

• Further, in the past we have sought waivers and/or concessions from our Lender to ensure our continued compliance with certain covenants under our Prior Credit Agreement, and we may in the future be unable to comply with the covenants under the New Credit Agreement. If we were unable to comply with …

Text added vs the prior filing · source: 10-Q · 2026-06-03

• On June 3, 2026, the Company announced the appointment of David Loretta as interim Chief Financial Officer and Treasurer, effective June 8, 2026, to serve until a permanent Chief Financial Officer and Treasurer is appointed. Mr. Loretta, age 58, served as Chief Financial Officer of The Honest Compan…

• In connection with his temporary employment, Mr. Loretta will be paid an annual base salary of $540,000 and will be eligible to receive bonus compensation under our cash incentive program for fiscal year 2026 with a target cash bonus of 35% of his annual base salary for the current fiscal year, pro-…

• Dhiren Fonseca, Executive Chairman adopted a Rule 10b5-1 trading arrangement on April 24, 2026, that is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act solely for the sale of the appropriate number of shares of our Class A common stock needed to satisfy minimum r…

• On April 17, 2026, Cara Schembri, Chief Legal & Administrative Officer, adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act for the sale of up to 20,335 shares of our Class A stock and up to 16,636 restricted stock un…

Text removed vs the prior filing · source: 10-Q · 2025-12-12

• Certain material changes to board nomination procedures are described in “Note 4 — Recapitalization Transactions” in the Notes to the Condensed Consolidated Financial Statements.

• On September 22, 2025, Drew Rau, Chief Supply Chain Officer, adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act for the sale of up to 17,034 shares of our common stock until January 19, 2027 and up to 4,100 restricte…