Rent the Runway, Inc.
For the period ended Jul 31, 2026. Filed Sep 11, 2026.
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Jul 31, 2026 · Filed Sep 11, 2026
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9. Fair Value Measurements
RENT THE RUNWAY, INC.Notes to Condensed Consolidated Financial Statements
- Fair Value Measurements
As of July 31, 2026 and January 31, 2026, the carrying amounts of the Company’s cash and cash equivalents, current and noncurrent restricted cash, prepaid expenses and other current assets, accounts payable and accrued expenses and other current liabilities approximated their estimated fair value due to their relatively short maturities.
The Company’s long-term debt is reported at carrying value on the Condensed Consolidated Balance Sheets. See “Note 6 — Long-Term Debt”. The Company estimates the fair value of its long-term debt using a Black-Derman-Toy (BDT) model based on the Company’s implied credit spread using the lower end of option adjusted spreads for similar financial instruments with similar credit ratings, and, as such, long-term debt is classified as Level 3 within the fair value hierarchy. As of July 31, 2026, the estimated fair value of the Company’s long-term debt was $115.9 million.
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