$RVLV

Revolve Group, Inc.

CIK:0001746618|SEC Filings

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net sales	$ 347,405	$ 308,971	$ 690,285	$ 605,680
Cost of sales	150,740	141,909	313,005	284,332
Gross profit	196,665	167,062	377,280	321,348
Operating expenses:
Fulfillment	11,595	9,828	22,367	19,186
Selling and distribution	62,121	53,794	119,820	103,750
Marketing	57,491	47,109	111,717	89,511
General and administrative	43,358	38,328	85,621	76,210
Total operating expenses	174,565	149,059	339,525	288,657
Income from operations	22,100	18,003	37,755	32,691
Equity earnings in unconsolidated subsidiaries	(499)		(635)	0
Other (income) expense, net	(2,265)	2,913	(4,941)	2,020
Income before income taxes	24,864	15,090	43,331	30,671
Provision for income taxes	6,241	5,079	10,950	9,254
Net income	18,623	10,011	32,381	21,417
Less: Net (income) loss attributable to non-controlling interest	(64)	150	530	563
Net income attributable to Revolve Group, Inc. stockholders	$ 18,559	$ 10,161	$ 32,911	$ 21,980
Earnings per share of Class A and Class B common stock:
Basic	$ 0.26	$ 0.14	$ 0.46	$ 0.31
Diluted	$ 0.26	$ 0.14	$ 0.46	$ 0.3
Weighted average number of shares of Class A and Class B common stock outstanding:
Basic	71,313	71,283	71,385	71,270
Diluted	71,998	71,898	72,174	72,085

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating activities:
Net income	$ 32,381	$ 21,417
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	3,009	2,388
Rental product depreciation	1,007	775
Gain on sale of rental product	(333)
Equity-based compensation	5,547	5,057
Loss on disposal of subsidiary		2,425
Equity earnings in unconsolidated subsidiaries	(635)	0
Changes in operating assets and liabilities:
Accounts receivable	(14,524)	(9,014)
Inventories	(23,906)	7,281
Income taxes receivable	(4,740)	44
Prepaid expenses and other current assets	(6,099)	1,774
Other assets	(2,559)	(5,660)
Accounts payable	30,132	11,625
Income taxes payable	(674)	(4)
Accrued expenses	6,526	5,862
Returns reserve	3,113	5,825
Right-of-use lease assets and current and non-current lease liabilities	(501)	75
Other current liabilities	13,463	7,895
Net cash provided by operating activities	41,207	57,765
Investing activities:
Purchases of property and equipment	(7,794)	(3,986)
Purchases of rental product		(1,368)
Proceeds from sale of rental product	555
Cash divested upon disposal of subsidiary		(1,657)
Investments in unconsolidated entities	(14,534)
Net cash used in investing activities	(21,773)	(7,011)
Financing activities:
Proceeds from the exercise of stock options, net of tax withholdings on share-based payment awards	(258)	(357)
Repurchases of Class A common stock	(9,978)	(1,741)
Net cash used in financing activities	(10,236)	(2,098)
Effect of exchange rate changes on cash and cash equivalents	(826)	5,460
Net increase in cash and cash equivalents	8,372	54,116
Cash, cash equivalents and restricted cash, beginning of period	303,199	256,600
Cash, cash equivalents and restricted cash, end of period	311,571	310,716
Supplemental disclosure of cash flow information:
Income taxes, net of refund	16,554	8,623
Operating leases	7,191	5,761
Supplemental disclosure of non-cash activities:
Lease assets obtained in exchange for new operating lease liabilities	$ 3,500	$ 6,096

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 311,571	$ 292,256
Restricted cash		10,943
Accounts receivable, net	31,085	16,561
Inventory	275,750	251,844
Income taxes receivable	6,457	1,717
Prepaid expenses and other current assets	79,805	73,706
Total current assets	704,668	647,027
Property and equipment (net of accumulated depreciation of $29,102 and $26,245 as of June 30, 2026 and December 31, 2025, respectively)	19,799	15,371
Right-of-use lease assets	27,746	28,832
Intangible assets, net	2,767	2,410
Goodwill	2,042	2,042
Other assets	46,059	29,560
Deferred income taxes	39,759	39,759
Total assets	842,840	765,001
Current liabilities:
Accounts payable	86,541	56,409
Income taxes payable	683	1,357
Accrued expenses	50,823	44,297
Returns reserve	80,098	76,985
Current lease liabilities	11,220	10,534
Other current liabilities	54,426	40,963
Total current liabilities	283,791	230,545
Non-current lease liabilities	19,648	21,921
Total liabilities	303,439	252,466
Stockholders' equity:
Additional paid-in capital	147,789	144,249
Retained earnings	390,322	368,215
Non-controlling interest	1,219
Total stockholders' equity	539,401	512,535
Total liabilities and stockholders’ equity	842,840	765,001
Common Class A
Stockholders' equity:
Common stock value	41	41
Common Class B
Stockholders' equity:
Common stock value	$ 30	$ 30