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

Rent the Runway, Inc. is the larger business by last-quarter revenue ($10.6M vs $10.0M, roughly 1.1× VisionWave Holdings, Inc.). Rent the Runway, Inc. runs the higher net margin — 721.7% vs -69.4%, a 791.1% gap on every dollar of revenue.

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.

CoMix Wave Films, Inc. is a Japanese independent animation film studio and distribution company based in Chiyoda, Tokyo, Japan. The studio is known for its anime feature films, short films, and television commercials, particularly those made by director Makoto Shinkai. It was founded in March 2007 when it split from CoMix Wave Inc., which was initially formed in 1998 from Itochu Corporation, ASATSU, and other companies. On 15 October 2024, Toho announced that they'd acquired 45 shares or 6.0...

RENT vs VWAV — Head-to-Head

Bigger by revenue
RENT
RENT
1.1× larger
RENT
$10.6M
$10.0M
VWAV
Higher net margin
RENT
RENT
791.1% more per $
RENT
721.7%
-69.4%
VWAV

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
RENT
RENT
VWAV
VWAV
Revenue
$10.6M
$10.0M
Net Profit
$76.5M
$-6.9M
Gross Margin
-126.4%
Operating Margin
-152.8%
-65.7%
Net Margin
721.7%
-69.4%
Revenue YoY
10.4%
Net Profit YoY
504.8%
-1522.6%
EPS (diluted)
$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
RENT
RENT
VWAV
VWAV
Q4 25
$10.6M
$10.0M
Q3 25
$11.7M
Q2 25
$7.6M
Q1 25
$11.8M
Q4 24
$9.6M
Q3 24
$10.4M
Q2 24
$8.9M
Q1 24
$10.4M
Net Profit
RENT
RENT
VWAV
VWAV
Q4 25
$76.5M
$-6.9M
Q3 25
$-26.4M
Q2 25
$-26.1M
Q1 25
$-13.4M
Q4 24
$-18.9M
Q3 24
$-15.6M
Q2 24
$-22.0M
Q1 24
$-24.8M
Gross Margin
RENT
RENT
VWAV
VWAV
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
RENT
RENT
VWAV
VWAV
Q4 25
-152.8%
-65.7%
Q3 25
-171.8%
Q2 25
-259.2%
Q1 25
-65.3%
Q4 24
-142.7%
Q3 24
-92.3%
Q2 24
-185.4%
Q1 24
-185.6%
Net Margin
RENT
RENT
VWAV
VWAV
Q4 25
721.7%
-69.4%
Q3 25
-225.6%
Q2 25
-343.4%
Q1 25
-113.6%
Q4 24
-196.9%
Q3 24
-150.0%
Q2 24
-247.2%
Q1 24
-238.5%
EPS (diluted)
RENT
RENT
VWAV
VWAV
Q4 25
$13.65
Q3 25
$-6.55
Q2 25
$-6.58
Q1 25
$-2.72
Q4 24
$-4.70
Q3 24
$-4.17
Q2 24
$-6.03
Q1 24
$-5.36

Balance Sheet & Financial Strength

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

Metric
RENT
RENT
VWAV
VWAV
Cash + ST InvestmentsLiquidity on hand
$50.7M
$15.7K
Total DebtLower is stronger
Stockholders' EquityBook value
$-35.1M
$3.1M
Total Assets
$231.0M
$18.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RENT
RENT
VWAV
VWAV
Q4 25
$50.7M
$15.7K
Q3 25
$43.6M
Q2 25
$70.4M
Q1 25
$77.4M
Q4 24
$74.1M
Q3 24
$76.6M
Q2 24
$82.0M
Q1 24
$84.0M
Total Debt
RENT
RENT
VWAV
VWAV
Q4 25
Q3 25
Q2 25
$340.6M
Q1 25
$333.7M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
RENT
RENT
VWAV
VWAV
Q4 25
$-35.1M
$3.1M
Q3 25
$-232.1M
Q2 25
$-207.1M
Q1 25
$-182.5M
Q4 24
$-171.2M
Q3 24
$-154.5M
Q2 24
$-141.3M
Q1 24
$-122.3M
Total Assets
RENT
RENT
VWAV
VWAV
Q4 25
$231.0M
$18.4M
Q3 25
$219.0M
Q2 25
$245.3M
Q1 25
$240.0M
Q4 24
$251.6M
Q3 24
$257.4M
Q2 24
$278.4M
Q1 24
$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
RENT
RENT
VWAV
VWAV
Operating Cash FlowLast quarter
$-1.4M
$-5.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.02×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RENT
RENT
VWAV
VWAV
Q4 25
$-1.4M
$-5.4M
Q3 25
$-10.5M
Q2 25
$8.3M
Q1 25
$1.4M
Q4 24
$4.7M
Q3 24
$2.2M
Q2 24
$4.6M
Q1 24
$-8.0M
Cash Conversion
RENT
RENT
VWAV
VWAV
Q4 25
-0.02×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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