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Side-by-side financial comparison of Hanover Bancorp, Inc. (HNVR) and Rent the Runway, Inc. (RENT). Click either name above to swap in a different company.

Hanover Bancorp, Inc. is the larger business by last-quarter revenue ($18.6M vs $10.6M, roughly 1.8× Rent the Runway, Inc.). Rent the Runway, Inc. runs the higher net margin — 721.7% vs 0.2%, a 721.5% gap on every dollar of revenue. On growth, Rent the Runway, Inc. posted the faster year-over-year revenue change (10.4% vs 3.3%). Over the past eight quarters, Hanover Bancorp, Inc.'s revenue compounded faster (6.1% CAGR vs 1.0%).

Hanover Bancorp, Inc. is a U.S. regional bank holding company based in Maryland. It offers retail and commercial banking services including deposits, business loans, mortgages, personal lending and wealth management, serving consumers, SMEs and local groups across Maryland and adjacent mid-Atlantic markets.

Rent the Runway is an American e-commerce platform that allows users to rent, subscribe, or buy designer apparel and accessories. It was founded in November 2009 by Jennifer Hyman and Jennifer Fleiss and is based in New York City.

HNVR vs RENT — Head-to-Head

Bigger by revenue
HNVR
HNVR
1.8× larger
HNVR
$18.6M
$10.6M
RENT
Growing faster (revenue YoY)
RENT
RENT
+7.1% gap
RENT
10.4%
3.3%
HNVR
Higher net margin
RENT
RENT
721.5% more per $
RENT
721.7%
0.2%
HNVR
Faster 2-yr revenue CAGR
HNVR
HNVR
Annualised
HNVR
6.1%
1.0%
RENT

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
HNVR
HNVR
RENT
RENT
Revenue
$18.6M
$10.6M
Net Profit
$33.0K
$76.5M
Gross Margin
-126.4%
Operating Margin
0.7%
-152.8%
Net Margin
0.2%
721.7%
Revenue YoY
3.3%
10.4%
Net Profit YoY
-99.2%
504.8%
EPS (diluted)
$0.00
$13.65

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HNVR
HNVR
RENT
RENT
Q4 25
$18.6M
$10.6M
Q3 25
$18.0M
$11.7M
Q2 25
$18.4M
$7.6M
Q1 25
$18.4M
$11.8M
Q4 24
$18.0M
$9.6M
Q3 24
$17.1M
$10.4M
Q2 24
$16.9M
$8.9M
Q1 24
$16.5M
$10.4M
Net Profit
HNVR
HNVR
RENT
RENT
Q4 25
$33.0K
$76.5M
Q3 25
$3.5M
$-26.4M
Q2 25
$2.4M
$-26.1M
Q1 25
$1.5M
$-13.4M
Q4 24
$3.9M
$-18.9M
Q3 24
$3.5M
$-15.6M
Q2 24
$844.0K
$-22.0M
Q1 24
$4.1M
$-24.8M
Gross Margin
HNVR
HNVR
RENT
RENT
Q4 25
-126.4%
Q3 25
-92.3%
Q2 25
-168.4%
Q1 25
-71.2%
Q4 24
-122.9%
Q3 24
-98.1%
Q2 24
-131.5%
Q1 24
-93.3%
Operating Margin
HNVR
HNVR
RENT
RENT
Q4 25
0.7%
-152.8%
Q3 25
25.9%
-171.8%
Q2 25
18.4%
-259.2%
Q1 25
9.6%
-65.3%
Q4 24
28.9%
-142.7%
Q3 24
27.1%
-92.3%
Q2 24
6.9%
-185.4%
Q1 24
32.7%
-185.6%
Net Margin
HNVR
HNVR
RENT
RENT
Q4 25
0.2%
721.7%
Q3 25
19.4%
-225.6%
Q2 25
13.3%
-343.4%
Q1 25
8.3%
-113.6%
Q4 24
21.7%
-196.9%
Q3 24
20.7%
-150.0%
Q2 24
5.0%
-247.2%
Q1 24
24.6%
-238.5%
EPS (diluted)
HNVR
HNVR
RENT
RENT
Q4 25
$0.00
$13.65
Q3 25
$0.47
$-6.55
Q2 25
$0.33
$-6.58
Q1 25
$0.20
$-2.72
Q4 24
$0.52
$-4.70
Q3 24
$0.48
$-4.17
Q2 24
$0.11
$-6.03
Q1 24
$0.55
$-5.36

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HNVR
HNVR
RENT
RENT
Cash + ST InvestmentsLiquidity on hand
$208.9M
$50.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$200.3M
$-35.1M
Total Assets
$2.4B
$231.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HNVR
HNVR
RENT
RENT
Q4 25
$208.9M
$50.7M
Q3 25
$167.6M
$43.6M
Q2 25
$164.5M
$70.4M
Q1 25
$160.2M
$77.4M
Q4 24
$162.9M
$74.1M
Q3 24
$141.2M
$76.6M
Q2 24
$141.1M
$82.0M
Q1 24
$136.5M
$84.0M
Total Debt
HNVR
HNVR
RENT
RENT
Q4 25
Q3 25
Q2 25
$340.6M
Q1 25
$333.7M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
HNVR
HNVR
RENT
RENT
Q4 25
$200.3M
$-35.1M
Q3 25
$201.8M
$-232.1M
Q2 25
$198.9M
$-207.1M
Q1 25
$196.6M
$-182.5M
Q4 24
$196.6M
$-171.2M
Q3 24
$192.3M
$-154.5M
Q2 24
$190.1M
$-141.3M
Q1 24
$189.5M
$-122.3M
Total Assets
HNVR
HNVR
RENT
RENT
Q4 25
$2.4B
$231.0M
Q3 25
$2.3B
$219.0M
Q2 25
$2.3B
$245.3M
Q1 25
$2.3B
$240.0M
Q4 24
$2.3B
$251.6M
Q3 24
$2.3B
$257.4M
Q2 24
$2.3B
$278.4M
Q1 24
$2.3B
$278.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HNVR
HNVR
RENT
RENT
Operating Cash FlowLast quarter
$13.1M
$-1.4M
Free Cash FlowOCF − Capex
$12.2M
FCF MarginFCF / Revenue
65.5%
Capex IntensityCapex / Revenue
4.7%
Cash ConversionOCF / Net Profit
395.48×
-0.02×
TTM Free Cash FlowTrailing 4 quarters
$16.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HNVR
HNVR
RENT
RENT
Q4 25
$13.1M
$-1.4M
Q3 25
$2.7M
$-10.5M
Q2 25
$-2.1M
$8.3M
Q1 25
$4.1M
$1.4M
Q4 24
$5.4M
$4.7M
Q3 24
$-547.0K
$2.2M
Q2 24
$-3.1M
$4.6M
Q1 24
$3.6M
$-8.0M
Free Cash Flow
HNVR
HNVR
RENT
RENT
Q4 25
$12.2M
Q3 25
$2.4M
Q2 25
$-2.2M
Q1 25
$3.9M
Q4 24
$4.1M
Q3 24
$-876.0K
Q2 24
$-4.5M
Q1 24
$3.3M
FCF Margin
HNVR
HNVR
RENT
RENT
Q4 25
65.5%
Q3 25
13.5%
Q2 25
-11.7%
Q1 25
21.2%
Q4 24
23.1%
Q3 24
-5.1%
Q2 24
-26.9%
Q1 24
19.9%
Capex Intensity
HNVR
HNVR
RENT
RENT
Q4 25
4.7%
Q3 25
1.8%
Q2 25
0.5%
Q1 25
1.2%
Q4 24
7.2%
Q3 24
1.9%
Q2 24
8.6%
Q1 24
1.9%
Cash Conversion
HNVR
HNVR
RENT
RENT
Q4 25
395.48×
-0.02×
Q3 25
0.79×
Q2 25
-0.84×
Q1 25
2.70×
Q4 24
1.39×
Q3 24
-0.15×
Q2 24
-3.68×
Q1 24
0.89×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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