For those of us who prefer to read IPO filings to funding announcements, new S-1 documents from Udemy, Rent the Runway and others just touched down. But we care the most about those two, as they are listings from venture-backed companies that we’ve covered here at TechCrunch over the years.
This morning, we’re going to dig into the core business results of each company, discussing how they make money and the state of their recent results. This entry will dive into Rent the Runway; afterward, we’ll dig into Udemy. Today is a rare two-Exchange day. You are welcome.
Off the top, I’m incredibly curious what impact the pandemic had on Rent the Runway’s numbers — after all, no one needed a loaner gown for months and months — and how strong its gross margins have proved over time. I also want to understand how expensive it is to buy all the clothing items that the company needs to operate, and how those costs are accounted for in its reporting.
