Revolve Group, Inc.
Business
Revolve Group is an online fashion retailer serving Millennial and Generation Z consumers with tens of thousands of apparel, footwear, beauty and accessories styles from over one thousand brands. The company operates two reportable segments—REVOLVE, focused on trend-driven premium merchandise, and FWRD, emphasizing curated luxury designer brands—both powered by proprietary technology for inventory management, pricing and trend forecasting. Revolve distributes primarily through its website and mobile applications to customers globally, with owned brands comprising a meaningful portion of REVOLVE segment net sales.
Summary from 10-K filed 2026-02-25
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 1,226 | 1,130 | 1,069 | 1,101 | 891 | |
| Cost of sales | 570 | 537 | 515 | 509 | 402 | |
| Gross profit | 656 | 593 | 554 | 592 | 490 | |
| Fulfillment | 40 | 37 | 37 | 32 | 21 | |
| Selling and distribution | 210 | 195 | 197 | 190 | 134 | |
| Marketing | 175 | 167 | 172 | 182 | 140 | |
| General and administrative | 157 | 142 | 127 | 115 | 89 | |
| Total operating expenses | 582 | 542 | 532 | 519 | 385 | |
| Income from operations | 74 | 51 | 22 | 73 | 105 | |
| Other income, net | −8 | −13 | −16 | −3 | 563,000 | |
| Income before income taxes | 82 | 64 | 38 | 77 | 105 | |
| Provision for income taxes | 21 | 16 | 10 | 18 | 5 | |
| Net income | 61 | 49 | 28 | 59 | — | |
| Less: Net loss attributable to non-controlling interest | 563,000 | 786,000 | — | — | — | |
| Net income attributable to Revolve Group, Inc. stockholders | 62 | 50 | 28 | 59 | 100 | |
| Basic (per share) | 0.87 | 0.7 | 0.39 | 0.8 | 1.38 | |
| Diluted (per share) | 0.86 | 0.69 | 0.38 | 0.79 | 1.34 | |
| Basic (shares) | 71 | 71 | 73 | 73 | 73 | |
| Diluted (shares) | 72 | 72 | 74 | 75 | 75 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 292 | 257 | 245 | 235 | 218 | |
| Restricted cash | 11 | — | — | — | — | |
| Accounts receivable, net | 17 | 10 | 12 | 5 | 5 | |
| Inventory | 252 | 229 | 204 | 215 | 171 | |
| Income taxes receivable | 2 | 1 | 2 | 3 | 3 | |
| Prepaid expenses and other current assets | 74 | 64 | 66 | 60 | 42 | |
| Total current assets | 647 | 561 | 529 | 518 | 440 | |
| Property and equipment (net of accumulated depreciation of $26,245 and $22,230 as of December 31, 2025 and December 31, 2024, respectively) | 15 | 9 | 8 | 9 | 9 | |
| Right-of-use lease assets | 29 | 36 | 36 | 23 | 7 | |
| Intangible assets, net | 2 | 2 | 2 | 2 | 1 | |
| Goodwill | 2 | 2 | 2 | 2 | 2 | |
| Other assets | 30 | 18 | 2 | 807,000 | 3 | |
| Deferred income taxes, net | 40 | 37 | 30 | 25 | 19 | |
| Total assets | 765 | 666 | 609 | 579 | 480 | |
| Accounts payable | 56 | 45 | 48 | 51 | 54 | |
| Income taxes payable | 1 | 4,000 | — | 229,000 | — | |
| Accrued expenses | 44 | 39 | 41 | 38 | 34 | |
| Returns reserve | 77 | 70 | 64 | 63 | 49 | |
| Current lease liabilities | 11 | 9 | 7 | 6 | 4 | |
| Other current liabilities | 41 | 34 | 30 | 23 | 19 | |
| Total current liabilities | 231 | 196 | 190 | 181 | 160 | |
| Non-current lease liabilities | 22 | 32 | 34 | 19 | 3 | |
| Total liabilities | 252 | 228 | 224 | 200 | 163 | |
| Additional paid-in capital | 144 | 133 | 117 | 110 | 104 | |
| Retained earnings | 368 | 305 | 268 | 269 | 213 | |
| Non-controlling interest | — | −403,000 | — | — | — | |
| Total stockholders' equity | 513 | 438 | 385 | 380 | 317 | |
| Total liabilities and stockholders equity | 765 | 666 | 609 | 579 | 480 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 5 | 4 | 5 | 5 | 5 | |
| Rental product depreciation | 2 | 700,000 | — | — | — | |
| Gain on sale of rental product | −294,000 | — | — | — | — | |
| Equity-based compensation | 11 | 10 | 6 | 6 | 5 | |
| Loss on disposal of subsidiary | 2 | — | — | — | — | |
| Deferred income taxes, net | −3 | −7 | −5 | −6 | −5 | |
| Accounts receivable | −6 | 2 | −7 | −782,000 | −18,000 | |
| Inventories | −24 | −25 | 12 | −44 | −76 | |
| Income taxes receivable | −522,000 | 430,000 | 1 | 401,000 | 7 | |
| Prepaid expenses and other current assets | −10 | 2 | −6 | −18 | −22 | |
| Other assets | −11 | −14 | −1 | 2 | −2 | |
| Accounts payable | 12 | −3 | −3 | −4 | 15 | |
| Income taxes payable | 1 | 4,000 | −229,000 | 229,000 | −195,000 | |
| Accrued expenses | 6 | −2 | 2 | 4 | 9 | |
| Returns reserve | 7 | 6 | 399,000 | 14 | 24 | |
| Right-of-use lease assets and lease liabilities | −684,000 | −77,000 | 3 | 1 | −448,000 | |
| Other current liabilities | 8 | 3 | 8 | 4 | 4 | |
| Net cash provided by operating activities | 59 | 27 | 43 | 23 | 62 | |
| Purchases of property and equipment | −11 | −6 | −4 | −5 | −2 | |
| Purchases of rental product | −4 | −3 | — | — | — | |
| Proceeds from sale of rental product | 2 | — | — | — | — | |
| Cash divested upon disposal of subsidiary | −2 | — | — | — | — | |
| Cash paid for acquisition | — | −427,000 | — | — | — | |
| Net cash used in investing activities | −15 | −9 | −4 | −5 | −2 | |
| Proceeds from the exercise of stock options, net of tax withholdings on share-based payment awards | 637,000 | 6 | 536,000 | 887,000 | — | |
| Repurchases of Class A common stock | −2 | −12 | −31 | — | — | |
| Net cash used in financing activities | −1 | −5 | −30 | 887,000 | 13 | |
| Effect of exchange rate changes on cash and cash equivalents | 3 | −1 | 2 | −3 | −442,000 | |
| Net increase in cash and cash equivalents | 47 | 11 | 11 | 16 | 72 | |
| Income taxes, net of refund | 23 | 22 | 13 | 23 | 3 | |
| Operating leases | 13 | 9 | 7 | 6 | 5 | |
| Lease assets obtained in exchange for new operating lease liabilities | 6 | 7 | 20 | 22 | 1 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Revolve Group, Inc.'s CIK number?
Revolve Group, Inc.'s SEC CIK number is 0001746618 (1746618). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Revolve Group, Inc.'s SEC filings?
All of Revolve Group, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Revolve Group, Inc. last report earnings?
Revolve Group, Inc. (RVLV) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-206442). This is Revolve Group, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Revolve Group, Inc.'s most recent earnings 8-K?
Revolve Group, Inc.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001193125-26-206442. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Revolve Group, Inc.'s latest earnings 8-K →
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