Rent the Runway Inc
For the period ended Jan 31, 2024. Filed Apr 11, 2024.
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FY2024 · Filed Apr 11, 2024
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15. Net Loss per Share Attributable to Common Stockholders
- Net Loss per Share Attributable to Common Stockholders
The Company computes net loss per share attributable to common stockholders under the two-class method required for multiple classes of common stock and participating securities. The rights of the Class A common stock and Class B common stock are substantially identical, other than voting rights. Accordingly, the net loss per share attributable to common stockholders will be the same for Class A and Class B common stock on an individual or combined basis.
RENT THE RUNWAY, INC.Notes to Consolidated Financial Statements
The following table sets forth the computation of basic and diluted net loss per share attributable to common stockho lders, adjusted on a retroactive basis to reflect the Reverse Stock Split as discussed in Note 13, Stockholders’ Equity:
| Year Ended January 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Numerator: | |||
| Net loss attributable to common stockholders | $(113.2) | $(138.7) | $(211.8) |
| Denominator: | |||
| Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted | 3,418,382 | 3,212,746 | 1,243,703 |
| Net loss per share attributable to common stockholders, basic and diluted | $(33.12) | $(43.17) | $(170.30) |
The following potentially dilutive outstanding securities based on amounts outstanding at each period end, adjusted on a retroactive basis to reflect the Reverse Stock Split as discussed in Note 13, Stockholders’ Equity, were excluded from the computation of diluted loss per share attributable to common stockholders because including them would have been anti-dilutive:
| Year Ended January 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Stock options | 42,613 | 402,756 | 473,898 |
| Common stock warrants | 131,574 | 131,574 | 68,079 |
| RSUs | 404,965 | 298,722 | 121,379 |
| Total | 579,152 | 833,052 | 663,356 |
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