Revenue growth has accelerated to 15.6% in 2026Q1, though operating margins remain pressured at 4.6% due to high variable fulfillment and marketing expenses.
| Sales/Revenue | 1.27B | 1.23B | 1.13B | 1.07B | 1.1B | 891.39M | 580.65M | 600.99M | 498.74M | 399.6M | 312.08M |
| Revenue Growth % | 10.02% | 8.48% | 5.73% | -2.97% | 23.56% | 53.52% | -3.39% | 20.5% | 24.81% | 28.04% | - |
| Cost of Goods Sold | 589.74M | 569.9M | 536.64M | 514.52M | 509.09M | 401.57M | 275.37M | 279.04M | 233.43M | 205.91M | 168.77M |
| COGS % of Revenue | - | 46.5% | 47.49% | 48.14% | 46.22% | 45.05% | 47.42% | 46.43% | 46.8% | 51.53% | 54.08% |
| Gross Profit | 682.11M | 655.78M | 593.27M | 554.2M | 592.32M | 489.82M | 305.28M | 321.95M | 265.31M | 193.69M | 143.31M |
| Gross Margin % | 53.63% | 53.5% | 52.51% | 51.86% | 53.78% | 54.95% | 52.58% | 53.57% | 53.2% | 48.47% | 45.92% |
| Gross Profit Growth % | - | 10.54% | 7.05% | -6.44% | 20.93% | 60.45% | -5.18% | 21.35% | 36.97% | 35.16% | - |
| Operating Expenses | 541.88M | 581.52M | 541.86M | 532.07M | 519.18M | 384.53M | 244.21M | 273.86M | 223.51M | 173.17M | 137.77M |
| OpEx % of Revenue | - | 47.44% | 47.96% | 49.79% | 47.14% | 43.14% | 42.06% | 45.57% | 44.81% | 43.34% | 44.14% |
| Selling, General & Admin | 336.34M | 366.62M | 504.47M | 495.41M | 487.38M | 363.21M | 227.74M | 254.44M | 223.51M | 173.17M | 137.77M |
| SG&A % of Revenue | - | 29.91% | 44.65% | 46.36% | 44.25% | 40.75% | 39.22% | 42.34% | 44.81% | 43.34% | 44.14% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 3M | 214.91M | 37.39M | 36.65M | 31.8M | 21.32M | 16.47M | 19.41M | -631K | -1.43M | 0 |
| Operating Income | 75.23M | 74.26M | 51.42M | 22.13M | 73.14M | 105.29M | 61.07M | 48.1M | 41.8M | 20.52M | 5.54M |
| Operating Margin % | 5.92% | 6.06% | 4.55% | 2.07% | 6.64% | 11.81% | 10.52% | 8% | 8.38% | 5.14% | 1.78% |
| Operating Income Growth % | - | 44.43% | 132.3% | -69.74% | -30.54% | 72.42% | 26.96% | 15.07% | 103.67% | 270.37% | - |
| EBITDA | 79.24M | 78.86M | 56.58M | 27.23M | 77.93M | 109.8M | 65.89M | 52.05M | 44.66M | 23.37M | 7.91M |
| EBITDA Margin % | 6.23% | 6.43% | 5.01% | 2.55% | 7.08% | 12.32% | 11.35% | 8.66% | 8.96% | 5.85% | 2.53% |
| EBITDA Growth % | 27.87% | 39.38% | 107.81% | -65.06% | -29.02% | 66.63% | 26.6% | 16.53% | 91.11% | 195.54% | - |
| D&A (Non-Cash Add-back) | 4.01M | 4.6M | 5.17M | 5.09M | 4.79M | 4.51M | 4.83M | 3.95M | 2.87M | 2.85M | 2.37M |
| EBIT | 69.64M | 82.3M | 51.42M | 22.13M | 73.14M | 105.29M | 61.07M | 48.1M | 41.17M | 19.09M | 4.65M |
| Net Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 9.96M | 8.04M | 13.03M | 15.63M | 3.48M | -563K | -994K | -931K | -631K | -1.43M | -895K |
| Pretax Income | 85.19M | 82.3M | 64.45M | 37.76M | 76.62M | 104.73M | 60.07M | 47.17M | 41.17M | 19.09M | 4.65M |
| Pretax Margin % | 6.7% | 6.71% | 5.7% | 3.53% | 6.96% | 11.75% | 10.35% | 7.85% | 8.25% | 4.78% | 1.49% |
| Income Tax | 21.69M | 21.16M | 15.68M | 9.61M | 17.92M | 4.89M | 3.28M | 11.5M | 10.53M | 14.09M | 2.45M |
| Effective Tax Rate % | 25.46% | 25.71% | 24.32% | 25.46% | 23.39% | 4.67% | 5.46% | 24.38% | 25.58% | 73.81% | 52.69% |
| Net Income | 64.24M | 61.71M | 49.56M | 28.15M | 58.7M | 99.84M | 56.79M | 35.67M | 30.68M | 5.35M | 2.4M |
| Net Margin % | 5.05% | 5.03% | 4.39% | 2.63% | 5.33% | 11.2% | 9.78% | 5.93% | 6.15% | 1.34% | 0.77% |
| Net Income Growth % | 27.2% | 24.52% | 76.06% | -52.05% | -41.21% | 75.81% | 59.22% | 16.24% | 473.87% | 122.51% | - |
| Net Income (Continuing) | 64.09M | 61.15M | 48.77M | 28.15M | 58.7M | 99.84M | 56.79M | 35.67M | 30.64M | 5M | 2.2M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 1.16M | 0 | -403K | 0 | 0 | 0 | 0 | 0 | 0 | -623K | -276K |
| EPS (Diluted) | 0.89 | 0.86 | 0.69 | 0.38 | 0.79 | 1.34 | 0.79 | -0.09 | 0.43 | 0.08 | 0.05 |
| EPS Growth % | 28.99% | 24.64% | 81.58% | -51.9% | -41.04% | 69.62% | 977.78% | -120.93% | 469.54% | 38.03% | - |
| EPS (Basic) | - | 0.87 | 0.70 | 0.39 | 0.80 | 1.38 | 0.81 | -0.09 | 0.45 | 0.08 | 0.05 |
| Diluted Shares Outstanding | 72.35M | 72.09M | 71.68M | 73.58M | 74.52M | 74.55M | 72.06M | 57.29M | 70.78M | 70.78M | 43.91M |
| Basic Shares Outstanding | 71.46M | 71.3M | 70.85M | 72.96M | 73.31M | 72.51M | 69.77M | 57.29M | 67.89M | 67.89M | 43.91M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - |
High Return Rate Sensitivity
According to recent financial filings, Revolve Group's revenue growth has accelerated to 15.6% in 2026Q1, marking a significant recovery from the stagnant performance observed in late 2023, which suggests that the company's influencer-led acquisition model is successfully capturing renewed consumer interest in discretionary apparel categories.
The recent acceleration in top-line growth appears to be driven by a successful scaling of the platform's core aspirational segments. Investors should monitor whether this growth trajectory remains sustainable or if it is merely a reflection of seasonal volatility in the company's event-based product mix.
As reported in quarterly statements, the company has maintained a gross margin profile consistently above 52%, with 2026Q1 figures reaching 52.7%, which suggests that the proprietary owned-brand strategy provides a meaningful buffer against the competitive pricing pressures typically seen in the broader specialty retail sector.
The ability to sustain these margins despite industry-wide headwinds indicates that the company's data-driven inventory management effectively mitigates markdown risks. However, the persistence of high return rates warrants further investigation into whether these margins can expand further or if they have reached a structural ceiling.
Based on the provided income statement data, operating margins have struggled to scale proportionally with revenue, hovering near 4.6% in 2026Q1, which suggests that high variable costs associated with fulfillment and marketing continue to offset the benefits of the company's high-margin owned brand product mix.
The lack of significant operating leverage implies that the company's current fulfillment and customer acquisition model is highly sensitive to volume. Analysts should monitor whether future investments in automated logistics can eventually decouple operating expenses from top-line growth.
Analysis of the income statement reveals that stock-based compensation remains a consistent expense, totaling $3.2 million in 2026Q1, which suggests that reported net income may slightly overstate the cash-generating capacity of the business when adjusted for non-cash equity incentives provided to the workforce.
While the company maintains a lean corporate structure, the ongoing reliance on equity-based compensation warrants careful scrutiny by investors. This practice may mask the true underlying profitability of the platform if not properly accounted for in valuation models.
Data from recent periods indicates that persistent return rates remain a primary headwind, as evidenced by the fluctuation in operating margins, which suggests that the company's high-touch service model may be inherently vulnerable to structural margin compression if consumer return behavior does not improve over time.
Short-sellers may focus on the potential for these return-related costs to permanently erode the contribution margin per order. Investors should remain cautious regarding the company's ability to maintain profitability if the current e-commerce return environment continues to deteriorate.
Quick answers to the most common questions about buying RVLV stock.
For fiscal year 2025, Revolve Group, Inc. (RVLV) reported total revenue of $1.23B. This represents a 292.7% increase compared to $312.1M in 2016.
Revolve Group, Inc. (RVLV) is profitable, generating $61.7M in net income for the fiscal year ending 2025 with a net profit margin of 5.0%.
Revolve Group, Inc. (RVLV) reported an operating income of $74.3M, resulting in an operating profit margin of 6.1%. This margin reflects the operational efficiency of the business before interest and taxes.
Revolve Group, Inc. (RVLV) generated $655.8M in gross profit for the year, representing a gross profit margin of 53.5%. This demonstrates the company's core pricing power and production efficiency.