Revolve Group LLC (RVLV) financial statements
Revolve Group LLC reported revenue of $1.2B in fiscal 2025, up 15.0% a year over 8 years.
Net income was $62M and the operating margin 6.1%, against 5.1% in 2017.
Free cash flow was $48M, and the company returned $2M in net buybacks.
The diluted share count rose 64% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Revolve Group LLC's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $400M | $499M | $601M | $581M | $891M | $1.1B | $1.1B | $1.1B | $1.2B |
| Cost of revenue | $206M | $233M | $279M | $275M | $402M | $509M | $515M | $537M | $570M |
| Gross profit | $194M | $265M | $322M | $305M | $490M | $592M | $554M | $593M | $656M |
| Selling, general and admin | $113M | $140M | $167M | $147M | $230M | $297M | $298M | $309M | $332M |
| Operating income | $21M | $42M | $48M | $61M | $105M | $73M | $22M | $51M | $74M |
| Pre-tax income | $19M | $41M | $47M | $60M | $105M | $77M | $38M | $64M | $82M |
| Income tax | $14M | $11M | $12M | $3M | $5M | $18M | $10M | $16M | $21M |
| Net income | $5M | $31M | $36M | $57M | $100M | $59M | $28M | $50M | $62M |
| EPS (diluted) | $0.08 | $0.44 | -$0.09 | $0.79 | $1.34 | $0.79 | $0.38 | $0.69 | $0.86 |
| Diluted shares | 44M | 45M | 8M | 72M | 75M | 75M | 74M | 72M | 72M |
| Gross margin | 48.5% | 53.2% | 53.6% | 52.6% | 55.0% | 53.8% | 51.9% | 52.5% | 53.5% |
| Operating margin | 5.1% | 8.4% | 8.0% | 10.5% | 11.8% | 6.6% | 2.1% | 4.6% | 6.1% |
| Net margin | 1.3% | 6.2% | 5.9% | 9.8% | 11.2% | 5.3% | 2.6% | 4.4% | 5.0% |
Balance sheet
Fiscal years, from Revolve Group LLC's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | — | $16M | $65M | $146M | $218M | $235M | $245M | $257M | $292M |
| Receivables | — | $5M | $5M | $5M | $5M | $5M | $12M | $10M | $17M |
| Inventory | — | $102M | $104M | $95M | $171M | $215M | $204M | $229M | $252M |
| Total current assets | — | $139M | $199M | $277M | $440M | $518M | $529M | $561M | $647M |
| Property, plant and equipment | — | $6M | $14M | $11M | $9M | $9M | $8M | $9M | $15M |
| Goodwill | — | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M |
| Total assets | — | $162M | $232M | $306M | $480M | $579M | $609M | $666M | $765M |
| Total current liabilities | — | $82M | $102M | $106M | $160M | $181M | $190M | $196M | $231M |
| Total liabilities | — | $82M | $102M | $106M | $163M | $200M | $224M | $228M | $252M |
| Shareholders' equity | $48M | $80M | $131M | $200M | $317M | $380M | $385M | $438M | $513M |
| Net debt | — | -$16M | -$65M | -$146M | -$218M | -$235M | -$245M | -$257M | -$292M |
Cash flow
Fiscal years, from Revolve Group LLC's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $16M | $27M | $46M | $74M | $62M | $23M | $43M | $27M | $59M |
| Capital spending | $2M | $3M | $12M | $2M | $2M | $5M | $4M | $6M | $11M |
| Free cash flow | $14M | $24M | $34M | $71M | $60M | $18M | $39M | $21M | $48M |
| Stock-based compensation | $911,000 | $1M | $2M | $3M | $5M | $6M | $6M | $10M | $11M |
| Share buybacks (net) | — | — | -$41M | — | — | — | -$31M | -$12M | -$2M |
| Free cash flow margin | 3.6% | 4.7% | 5.6% | 12.3% | 6.7% | 1.7% | 3.7% | 1.9% | 3.9% |
Questions
What was Revolve Group LLC's revenue in 2025?
$1.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does Revolve Group LLC generate?
$48M in fiscal 2025 (operating cash flow minus capital spending).
From Revolve Group LLC's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.