Rent the Runway, Inc.
For the period ended Jan 31, 2026. Filed Apr 14, 2026.
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FY2026 · Filed Apr 14, 2026
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8. Fixed and Intangible Assets, Net
RENT THE RUNWAY, INC.Notes to Consolidated Financial Statements
- Fixed and Intangible Assets, Net
Fixed and intangible assets, net consisted of the following:
| January 31, | January 31, | |
|---|---|---|
| 2026 | 2025 | |
| Leasehold improvements | $55.6 | $55.2 |
| Machinery and equipment | 47.9 | 47.2 |
| Reusable packaging | 4.0 | 3.0 |
| Computer hardware | 4.5 | 4.3 |
| Furniture and fixtures | 3.9 | 3.8 |
| Financing lease ROU assets | 3.0 | 2.5 |
| 118.9 | 116.0 | |
| Less accumulated depreciation | (94.9) | (87.7) |
| Fixed assets, net | $24.0 | $28.3 |
| Software assets | $22.4 | $21.5 |
| Less accumulated amortization | (20.4) | (19.1) |
| Intangible assets, net | $2.0 | $2.4 |
Depreciation related to fixed assets was $8.4 million, $10.3 million, and $12.0 million for theyears ended January 31, 2026, 2025, and 2024, respectively. Amortization of intangible assets was $1.5 million, $2.2 million, and $2.7 million for theyears ended January 31, 2026, 2025, and 2024, respectively. See “Note 6 — Leases – Lessee Accounting” for further details related to the finance lease ROU assets included in Fixed assets, net on the Consolidated Balance Sheets.
As of January 31, 2026, expected amortization of intangible assets (excluding software projects not yet deployed) is as follows:
| Fiscal year: | |
|---|---|
| 2026 | $1.0 |
| 2027 | 0.5 |
| 2028 | — |
| Thereafter | — |
| Total future amortization | $1.5 |
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