Rent the Runway Inc
For the period ended Oct 31, 2024. Filed Dec 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Oct 31, 2024 · Filed Dec 9, 2024
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13. 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.
The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders, adjusted on a retroactive basis to reflect the Reverse Stock Split as discussed in Note 11, Stockholders’ Equity:
| Three Months Ended October 31, | Nine Months Ended October 31, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Numerator: | ||||
| Net loss attributable to common stockholders | $(18.9) | $(31.5) | $(56.5) | $(88.4) |
| Denominator: | ||||
| Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted | 3,823,542 | 3,464,848 | 3,736,161 | 3,380,439 |
| Net loss per share attributable to common stockholders, basic and diluted | $(4.94) | $(9.09) | $(15.12) | $(26.15) |
RENT THE RUNWAY, INC.Notes to Condensed Consolidated Financial Statements
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 11, Stockholders’ Equity, were excluded from the computation of diluted loss per share attributable to common stockholders because including them would have been anti-dilutive:
| Nine Months Ended October 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Stock options | 34,334 | 44,788 |
| Common stock warrants | 131,574 | 131,574 |
| RSUs | 389,526 | 479,546 |
| Total | 555,434 | 655,908 |
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