This page shows Revolve Group (RVLV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Revolve Group has an operating margin of 6.1%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 36/100, indicating healthy but not exceptional operating efficiency. This is up from 4.5% the prior year.
Revolve Group's revenue grew 8.5% year-over-year to $1.2B, a solid pace of expansion. This earns a growth score of 47/100.
Revolve Group carries a low D/E ratio of 0.49, meaning only $0.49 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 92/100, indicating a strong balance sheet with room for future borrowing.
Revolve Group's current ratio of 2.81 indicates adequate short-term liquidity, earning a score of 53/100. The company can meet its near-term obligations, though with limited headroom.
Revolve Group has a free cash flow margin of 3.9%, earning a moderate score of 35/100. The company generates positive cash flow after capital investments, but with room for improvement.
Revolve Group's ROE of 12.0% shows moderate profitability relative to equity, earning a score of 38/100. This is up from 11.3% the prior year.
Revolve Group scores 7.03, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($1.6B) relative to total liabilities ($252.5M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Revolve Group passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Revolve Group generates $0.96 in operating cash flow ($59.4M OCF vs $61.7M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Revolve Group generated $1.2B in revenue in fiscal year 2025. This represents an increase of 8.5% from the prior year.
Revolve Group's EBITDA was $78.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 41.2% from the prior year.
Revolve Group reported $61.7M in net income in fiscal year 2025. This represents an increase of 24.5% from the prior year.
Revolve Group earned $0.86 per diluted share (EPS) in fiscal year 2025. This represents an increase of 24.6% from the prior year.
Cash & Balance Sheet
Revolve Group generated $48.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 128.1% from the prior year.
Revolve Group held $292.3M in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
Revolve Group's gross margin was 53.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.0 percentage points from the prior year.
Revolve Group's operating margin was 6.1% in fiscal year 2025, reflecting core business profitability. This is up 1.5 percentage points from the prior year.
Revolve Group's net profit margin was 5.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.6 percentage points from the prior year.
Revolve Group's ROE was 12.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.7 percentage points from the prior year.
Capital Allocation
Revolve Group spent $2.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 82.8% from the prior year.
Revolve Group invested $11.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 101.9% from the prior year.
RVLV Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $324.4M+9.7% | $295.6M-4.3% | $309.0M+4.1% | $296.7M+1.0% | $293.7M+3.7% | $283.1M+0.2% | $282.5M+4.4% | $270.6M |
| Cost of Revenue | $151.5M+12.9% | $134.1M-5.5% | $141.9M-0.4% | $142.4M+2.1% | $139.4M+0.8% | $138.3M+6.5% | $129.8M+0.6% | $129.1M |
| Gross Profit | $172.9M+7.1% | $161.5M-3.3% | $167.1M+8.3% | $154.3M0.0% | $154.3M+6.5% | $144.9M-5.1% | $152.6M+7.8% | $141.5M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $42.2M+9.5% | $38.6M+0.6% | $38.3M+1.2% | $37.9M-9.3% | $41.8M+23.2% | $33.9M+1.2% | $33.5M+1.6% | $33.0M |
| Operating Income | $20.6M-2.0% | $21.0M+16.6% | $18.0M+22.6% | $14.7M+28.8% | $11.4M-20.0% | $14.3M-13.3% | $16.4M+76.2% | $9.3M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $4.8M-32.9% | $7.1M+40.2% | $5.1M+21.7% | $4.2M+45.1% | $2.9M-22.1% | $3.7M-30.7% | $5.3M+41.1% | $3.8M |
| Net Income | $18.6M-12.4% | $21.2M+108.4% | $10.2M-14.0% | $11.8M-4.2% | $12.3M+12.4% | $11.0M-28.7% | $15.4M+41.4% | $10.9M |
| EPS (Diluted) | N/A | $0.29+107.1% | $0.14-12.5% | $0.16 | N/A | $0.15-28.6% | $0.21+40.0% | $0.15 |
RVLV Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $765.0M+1.8% | $751.3M+3.9% | $722.9M+1.3% | $713.9M+7.3% | $665.5M-0.8% | $670.9M+2.0% | $657.8M+1.2% | $650.0M |
| Current Assets | $647.0M+1.4% | $638.1M+3.9% | $614.2M+2.2% | $600.7M+7.1% | $561.1M-4.1% | $585.0M+2.2% | $572.2M+0.6% | $568.7M |
| Cash & Equivalents | $292.3M-7.3% | $315.4M+1.5% | $310.7M+3.3% | $300.8M+17.2% | $256.6M+1.5% | $252.8M+3.3% | $244.7M-10.5% | $273.4M |
| Inventory | $251.8M+5.4% | $238.8M+8.1% | $221.0M+3.4% | $213.7M-6.8% | $229.2M-4.5% | $240.0M+2.4% | $234.3M+16.1% | $201.8M |
| Accounts Receivable | $16.6M-21.5% | $21.1M+9.1% | $19.4M+15.1% | $16.8M+62.7% | $10.3M-10.3% | $11.5M-34.3% | $17.5M+17.5% | $14.9M |
| Goodwill | $2.0M0.0% | $2.0M0.0% | $2.0M0.0% | $2.0M0.0% | $2.0M0.0% | $2.0M0.0% | $2.0M0.0% | $2.0M |
| Total Liabilities | $252.5M-3.3% | $261.1M+2.6% | $254.3M-2.4% | $260.5M+14.4% | $227.8M-8.9% | $250.1M-0.8% | $252.0M-3.1% | $260.1M |
| Current Liabilities | $230.5M-2.3% | $236.0M+4.1% | $226.7M+0.4% | $225.9M+15.2% | $196.1M-9.2% | $216.0M+0.2% | $215.6M-4.7% | $226.3M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $512.5M+4.6% | $490.2M+4.6% | $468.6M+3.4% | $453.4M+3.6% | $437.8M+4.0% | $420.8M+3.7% | $405.8M+4.1% | $389.9M |
| Retained Earnings | $368.2M+5.3% | $349.5M+5.1% | $332.5M+4.3% | $318.8M+4.5% | $305.1M+2.9% | $296.3M+4.2% | $284.4M+5.0% | $270.7M |
RVLV Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$10.2M-186.2% | $11.8M-6.4% | $12.6M-72.0% | $45.1M+1052.2% | $3.9M-56.7% | $9.1M+136.7% | -$24.7M-164.3% | $38.4M |
| Capital Expenditures | $3.1M-28.3% | $4.3M+95.7% | $2.2M+24.1% | $1.8M-2.8% | $1.8M+76.5% | $1.0M-1.0% | $1.0M-39.7% | $1.7M |
| Free Cash Flow | -$13.3M-277.2% | $7.5M-28.0% | $10.4M-76.0% | $43.4M+1976.9% | $2.1M-73.9% | $8.0M+131.2% | -$25.7M-170.2% | $36.7M |
| Investing Cash Flow | -$2.7M+48.6% | -$5.2M-11.2% | -$4.7M-99.5% | -$2.3M-12.2% | -$2.1M+27.6% | -$2.9M-19.5% | -$2.4M-39.0% | -$1.7M |
| Financing Cash Flow | $496K+130.7% | $215K+113.7% | -$1.6M-195.1% | -$531K-109.4% | $5.6M+700.7% | -$936K+47.6% | -$1.8M+78.4% | -$8.3M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0-100.0% | $283K | N/A | N/A | -$98K-105.3% | $1.9M-2.2% | $1.9M-76.6% | $8.1M |
RVLV Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 53.3%-1.3pp | 54.6%+0.6pp | 54.1%+2.1pp | 52.0%-0.5pp | 52.5%+1.4pp | 51.2%-2.9pp | 54.0%+1.7pp | 52.3% |
| Operating Margin | 6.3%-0.8pp | 7.1%+1.3pp | 5.8%+0.9pp | 5.0%+1.1pp | 3.9%-1.1pp | 5.0%-0.8pp | 5.8%+2.4pp | 3.5% |
| Net Margin | 5.7%-1.4pp | 7.2%+3.9pp | 3.3%-0.7pp | 4.0%-0.2pp | 4.2%+0.3pp | 3.9%-1.6pp | 5.4%+1.4pp | 4.0% |
| Return on Equity | 3.6%-0.7pp | 4.3%+2.2pp | 2.2%-0.4pp | 2.6%-0.2pp | 2.8%+0.2pp | 2.6%-1.2pp | 3.8%+1.0pp | 2.8% |
| Return on Assets | 2.4%-0.4pp | 2.8%+1.4pp | 1.4%-0.3pp | 1.7%-0.2pp | 1.8%+0.2pp | 1.6%-0.7pp | 2.3%+0.7pp | 1.7% |
| Current Ratio | 2.81+0.1 | 2.700.0 | 2.71+0.0 | 2.66-0.2 | 2.86+0.2 | 2.71+0.1 | 2.65+0.1 | 2.51 |
| Debt-to-Equity | 0.49-0.0 | 0.53-0.0 | 0.54-0.0 | 0.57+0.1 | 0.52-0.1 | 0.59-0.0 | 0.62-0.0 | 0.67 |
| FCF Margin | -4.1%-6.6pp | 2.5%-0.8pp | 3.4%-11.2pp | 14.6%+13.9pp | 0.7%-2.1pp | 2.8%+11.9pp | -9.1%-22.7pp | 13.6% |
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Frequently Asked Questions
What is Revolve Group's annual revenue?
Revolve Group (RVLV) reported $1.2B in total revenue for fiscal year 2025. This represents a 8.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Revolve Group's revenue growing?
Revolve Group (RVLV) revenue grew by 8.5% year-over-year, from $1.1B to $1.2B in fiscal year 2025.
Is Revolve Group profitable?
Yes, Revolve Group (RVLV) reported a net income of $61.7M in fiscal year 2025, with a net profit margin of 5.0%.
What is Revolve Group's EBITDA?
Revolve Group (RVLV) had EBITDA of $78.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Revolve Group's gross margin?
Revolve Group (RVLV) had a gross margin of 53.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Revolve Group's operating margin?
Revolve Group (RVLV) had an operating margin of 6.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Revolve Group's net profit margin?
Revolve Group (RVLV) had a net profit margin of 5.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Revolve Group's return on equity (ROE)?
Revolve Group (RVLV) has a return on equity of 12.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Revolve Group's free cash flow?
Revolve Group (RVLV) generated $48.0M in free cash flow during fiscal year 2025. This represents a 128.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Revolve Group's operating cash flow?
Revolve Group (RVLV) generated $59.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Revolve Group's total assets?
Revolve Group (RVLV) had $765.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Revolve Group's capital expenditures?
Revolve Group (RVLV) invested $11.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Revolve Group's current ratio?
Revolve Group (RVLV) had a current ratio of 2.81 as of fiscal year 2025, which is generally considered healthy.
What is Revolve Group's debt-to-equity ratio?
Revolve Group (RVLV) had a debt-to-equity ratio of 0.49 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Revolve Group's return on assets (ROA)?
Revolve Group (RVLV) had a return on assets of 8.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Revolve Group's Altman Z-Score?
Revolve Group (RVLV) has an Altman Z-Score of 7.03, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Revolve Group's Piotroski F-Score?
Revolve Group (RVLV) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Revolve Group's earnings high quality?
Revolve Group (RVLV) has an earnings quality ratio of 0.96x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Revolve Group?
Revolve Group (RVLV) scores 50 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.