Revolve Group Inc. (RVLV) financial statements: income statement, balance sheet and cash flow
Revolve Group Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Revolve Group Inc. reported revenue of $1.2B (+8.5% year on year) and net income of $61.7M (+24.5% year on year).
Income statement
Revolve Group Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net sales
$1.2B
$1.1B
$1.1B
$1.1B
Cost of sales
$569.9M
$536.6M
$514.5M
$509.1M
Gross profit
$655.8M
$593.3M
$554.2M
$592.3M
Fulfillment
$39.5M
$37.4M
$36.7M
$31.8M
Selling and distribution
$209.6M
$195.2M
$197.1M
$190.4M
Marketing
$175.4M
$167.2M
$171.8M
$181.6M
General and administrative
$157.0M
$142.1M
$126.6M
$115.3M
Total operating expenses
$581.5M
$541.9M
$532.1M
$519.2M
Income from operations
$74.3M
$51.4M
$22.1M
$73.1M
Other income, net
($8.0M)
($13.0M)
($15.6M)
($3.5M)
Income before income taxes
$82.3M
$64.4M
$37.8M
$76.6M
Provision for income taxes
$21.2M
$15.7M
$9.6M
$17.9M
Net income
$61.1M
$48.8M
—
—
Less: Net loss attributable to non-controlling interest
$563.0K
$786.0K
—
—
Net income attributable to Revolve Group, Inc. stockholders
$61.7M
$49.6M
$28.1M
$58.7M
Basic
$0.87
$0.70
$0.39
$0.80
Diluted
$0.86
$0.69
$0.38
$0.79
Basic
71.3M
70.8M
73.0M
73.3M
Diluted
72.1M
71.7M
73.6M
74.5M
Revolve Group Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Net sales
$347.4M
$342.9M
$295.6M
$309.0M
Cost of sales
$150.7M
$162.3M
$134.1M
$141.9M
Gross profit
$196.7M
$180.6M
$161.5M
$167.1M
Fulfillment
$11.6M
$10.8M
$9.8M
$9.8M
Selling and distribution
$62.1M
$57.7M
$51.7M
$53.8M
Marketing
$57.5M
$54.2M
$40.4M
$47.1M
General and administrative
$43.4M
$42.3M
$38.6M
$38.3M
Total operating expenses
$174.6M
$165.0M
$140.5M
$149.1M
Income from operations
$22.1M
$15.7M
$21.0M
$18.0M
Equity earnings in unconsolidated subsidiaries
($499.0K)
($136.0K)
—
—
Other (income) expense, net
($2.3M)
($2.7M)
($7.3M)
$2.9M
Income before income taxes
$24.9M
$18.5M
$28.3M
$15.1M
Provision for income taxes
$6.2M
$4.7M
$7.1M
$5.1M
Net income
$18.6M
$13.8M
$21.2M
$10.0M
Less: Net (income) loss attributable to non-controlling interest
($64.0K)
$594.0K
—
$150.0K
Net income attributable to Revolve Group, Inc. stockholders
$18.6M
$14.4M
$21.2M
$10.2M
Basic
$0.26
$0.20
$0.30
$0.14
Diluted
$0.26
$0.20
$0.29
$0.14
Basic
71.3M
71.5M
71.3M
71.3M
Diluted
72.0M
72.4M
72.0M
71.9M
Balance sheet
Revolve Group Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$292.3M
$256.6M
$245.4M
$234.7M
Restricted cash
$10.9M
—
—
—
Accounts receivable, net
$16.6M
$10.3M
$12.4M
$5.4M
Inventory
$251.8M
$229.2M
$203.6M
$215.2M
Income taxes receivable
$1.7M
$1.2M
$1.6M
$3.0M
Prepaid expenses and other current assets
$73.7M
$63.7M
$65.5M
$59.9M
Total current assets
$647.0M
$561.1M
$528.6M
$518.2M
Property and equipment (net of accumulated depreciation of $26,245 and $22,230 as of December 31, 2025 and December 31, 2024, respectively)
$15.4M
$8.9M
$7.8M
$8.9M
Right-of-use lease assets
$28.8M
$36.3M
$36.4M
$23.0M
Intangible assets, net
$2.4M
$2.3M
$1.9M
$1.6M
Goodwill
$2.0M
$2.0M
$2.0M
$2.0M
Other assets
$29.6M
$18.1M
$2.2M
$807.0K
Deferred income taxes, net
$39.8M
$36.9M
$30.0M
$24.8M
Total assets
$765.0M
$665.5M
$608.9M
$579.3M
Accounts payable
$56.4M
$45.1M
$47.8M
$50.8M
Income taxes payable
$1.4M
$4.0K
—
$229.0K
Accrued expenses
$44.3M
$38.5M
$40.7M
$38.3M
Returns reserve
$77.0M
$69.7M
$63.8M
$63.4M
Current lease liabilities
$10.5M
$9.1M
$6.9M
$5.8M
Other current liabilities
$41.0M
$33.7M
$30.4M
$22.6M
Total current liabilities
$230.5M
$196.1M
$189.6M
$181.1M
Non-current lease liabilities
$21.9M
$31.7M
$34.1M
$18.7M
Total liabilities
$252.5M
$227.8M
$223.7M
$199.7M
Common stock value
$71.0K
$72.0K
$72.0K
$74.0K
Additional paid-in capital
$144.2M
$133.0M
$116.7M
$110.3M
Retained earnings
$368.2M
$305.1M
$268.4M
$269.2M
Total stockholders' equity
$512.5M
$437.8M
$385.1M
$379.6M
Total liabilities and stockholders’ equity
$765.0M
$665.5M
$608.9M
$579.3M
Revolve Group Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$311.6M
$335.8M
$315.4M
$310.7M
Accounts receivable, net
$31.1M
$26.5M
$21.1M
$19.4M
Inventory
$275.8M
$245.1M
$238.8M
$221.0M
Income taxes receivable
$6.5M
$1.9M
—
$1.2M
Prepaid expenses and other current assets
$79.8M
$78.9M
$62.8M
$61.9M
Total current assets
$704.7M
$688.2M
$638.1M
$614.2M
Property and equipment (net of accumulated depreciation of $29,102 and $26,245 as of June 30, 2026 and December 31, 2025, respectively)
$19.8M
$18.9M
$13.6M
$10.4M
Right-of-use lease assets
$27.7M
$30.1M
$31.0M
$33.1M
Intangible assets, net
$2.8M
$2.5M
$2.3M
$2.2M
Goodwill
$2.0M
$2.0M
$2.0M
$2.0M
Other assets
$46.1M
$39.9M
$27.4M
$24.1M
Deferred income taxes
$39.8M
$39.8M
$36.9M
$36.9M
Total assets
$842.8M
$821.4M
$751.3M
$722.9M
Accounts payable
$86.5M
$71.0M
$62.0M
$56.2M
Income taxes payable
$683.0K
$4.6M
$2.3M
—
Accrued expenses
$50.8M
$51.7M
$42.9M
$44.2M
Returns reserve
$80.1M
$81.8M
$71.7M
$75.5M
Current lease liabilities
$11.2M
$10.9M
$10.2M
$9.9M
Other current liabilities
$54.4M
$50.6M
$46.8M
$40.9M
Total current liabilities
$283.8M
$270.6M
$236.0M
$226.7M
Non-current lease liabilities
$19.6M
$22.6M
$25.1M
$27.6M
Total liabilities
$303.4M
$293.1M
$261.1M
$254.3M
Common stock value
$71.0K
$71.0K
$71.0K
$71.0K
Additional paid-in capital
$147.8M
$145.2M
$140.6M
$136.0M
Retained earnings
$390.3M
$381.8M
$349.5M
$332.5M
Non-controlling interest
$1.2M
$1.2M
—
—
Total stockholders' equity
$539.4M
$528.3M
$490.2M
$468.6M
Total liabilities and stockholders’ equity
$842.8M
$821.4M
$751.3M
$722.9M
Cash flow statement
Revolve Group Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$61.1M
$48.8M
$28.1M
$58.7M
Depreciation and amortization
$4.6M
$4.4M
$5.1M
$4.8M
Rental product depreciation
$1.8M
$736.0K
—
—
Gain on sale of rental product
($294.0K)
—
—
—
Equity-based compensation
$10.6M
$10.0M
$5.8M
$5.9M
Loss on disposal of subsidiary
$2.4M
—
—
—
Deferred income taxes, net
($2.9M)
($6.9M)
($5.3M)
($5.7M)
Accounts receivable
($6.2M)
$2.1M
($7.0M)
($782.0K)
Inventories
($23.6M)
($24.8M)
$11.6M
($44.0M)
Income taxes receivable
($522.0K)
$430.0K
$1.3M
$401.0K
Prepaid expenses and other current assets
($10.0M)
$1.8M
($5.6M)
($17.8M)
Other assets
($11.4M)
($13.6M)
($1.4M)
$1.9M
Accounts payable
$11.8M
($2.7M)
($3.0M)
($3.6M)
Income taxes payable
$1.4M
$4.0K
($229.0K)
$229.0K
Accrued expenses
$5.9M
($2.2M)
$2.4M
$4.4M
Returns reserve
$7.3M
$5.9M
$399.0K
$14.1M
Right-of-use lease assets and lease liabilities
($684.0K)
($77.0K)
$3.0M
$1.2M
Other current liabilities
$8.0M
$2.8M
$7.9M
$3.7M
Net cash provided by operating activities
$59.4M
$26.7M
$43.3M
$23.4M
Purchases of property and equipment
($11.4M)
($5.6M)
($4.2M)
($5.2M)
Purchases of rental product
($3.6M)
($3.0M)
—
—
Proceeds from sale of rental product
$1.8M
—
—
—
Cash divested upon disposal of subsidiary
($1.7M)
—
—
—
Net cash used in investing activities
($14.9M)
($9.1M)
($4.2M)
($5.2M)
Proceeds from the exercise of stock options, net of tax withholdings on share-based payment awards
$637.0K
$6.4M
—
—
Repurchases of Class A common stock
($2.0M)
($11.8M)
($30.9M)
—
Net cash used in financing activities
($1.4M)
($5.4M)
($30.4M)
$887.0K
Effect of exchange rate changes on cash and cash equivalents
$3.5M
($1.1M)
$2.0M
($2.9M)
Net increase in cash and cash equivalents
$46.6M
$11.2M
$10.7M
$16.3M
Cash, cash equivalents and restricted cash, beginning of year
$256.6M
$245.4M
$234.7M
$218.5M
Cash, cash equivalents and restricted cash, end of year
$303.2M
—
—
—
Income taxes, net of refund
$22.8M
$22.2M
$13.0M
$23.0M
Operating leases
$12.9M
$9.3M
$7.0M
$5.9M
Lease assets obtained in exchange for new operating lease liabilities
$6.1M
$7.2M
$20.5M
$21.9M
Revolve Group Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$32.4M
$13.8M
$42.6M
$21.4M
Depreciation and amortization
$3.0M
$1.3M
$3.4M
$2.4M
Rental product depreciation
$1.0M
$560.0K
$1.3M
$775.0K
Gain on sale of rental product
($333.0K)
($250.0K)
($222.0K)
—
Equity-based compensation
$5.5M
$3.2M
$7.4M
$5.1M
Equity earnings in unconsolidated subsidiaries
($635.0K)
($136.0K)
—
—
Accounts receivable
($14.5M)
($9.9M)
($10.8M)
($9.0M)
Inventories
($23.9M)
$6.8M
($10.5M)
$7.3M
Income taxes receivable
($4.7M)
($233.0K)
$1.2M
$44.0K
Prepaid expenses and other current assets
($6.1M)
($5.2M)
$968.0K
$1.8M
Other assets
($2.6M)
$11.0K
($8.4M)
($5.7M)
Accounts payable
$30.1M
$14.6M
$17.4M
$11.6M
Income taxes payable
($674.0K)
$3.3M
$2.3M
($4.0K)
Accrued expenses
$6.5M
$7.4M
$4.5M
$5.9M
Returns reserve
$3.1M
$4.8M
$2.1M
$5.8M
Right-of-use lease assets and current and non-current lease liabilities
($501.0K)
($280.0K)
$1.0K
$75.0K
Other current liabilities
$13.5M
$9.7M
$13.8M
$7.9M
Net cash provided by operating activities
$41.2M
$49.4M
$69.6M
$57.8M
Purchases of property and equipment
($7.8M)
($5.0M)
($8.3M)
($4.0M)
Proceeds from sale of rental product
$555.0K
$434.0K
$1.3M
—
Investments in unconsolidated entities
($14.5M)
—
—
—
Net cash used in investing activities
($21.8M)
($15.5M)
($12.2M)
($7.0M)
Proceeds from the exercise of stock options, net of tax withholdings on share-based payment awards
($258.0K)
($540.0K)
$141.0K
($357.0K)
Repurchases of Class A common stock
($10.0M)
—
($2.0M)
($1.7M)
Net cash used in financing activities
($10.2M)
($540.0K)
($1.9M)
($2.1M)
Effect of exchange rate changes on cash and cash equivalents
($826.0K)
($751.0K)
$3.3M
$5.5M
Net increase in cash and cash equivalents
$8.4M
$32.6M
$58.8M
$54.1M
Cash, cash equivalents and restricted cash, beginning of period
$303.2M
$303.2M
$256.6M
$256.6M
Cash, cash equivalents and restricted cash, end of period
$311.6M
$335.8M
—
—
Income taxes, net of refund
$16.6M
$1.8M
$13.0M
$8.6M
Operating leases
$7.2M
$3.6M
$9.2M
$5.8M
Lease assets obtained in exchange for new operating lease liabilities