Revolve Group, Inc. RVLV
REVOLVE is the next-generation fashion retailer for Millennial and Generation Z consumers. As a trusted premium lifestyle brand and a go-to online source for discovery and inspiration, we deliver exceptional service and an engaging customer experience with a vast yet curated offering totaling over 140,000 apparel and footwear styles, as well as beauty and accessories. Our dynamic platform connects a deeply engaged community of millions of consumers, thousands of global fashion influencers and over 1,600 emerging, established and owned brands. Through more than 20 years of investment in technology, data analytics and innovative marketing and merchandising strategies, we have built a powerful platform and brand that we believe is connecting with the next generation of consumers and is redefining fashion retail.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.23B | $1.13B | $1.07B | $1.10B | $891.4M | $580.6M | $601.0M | $498.7M | $399.6M | — |
| Cost of revenue | $569.9M | $536.6M | $514.5M | $509.1M | $401.6M | $275.4M | $279.0M | $233.4M | $205.9M | — |
| Gross profit | $655.8M | $593.3M | $554.2M | $592.3M | $489.8M | $305.3M | $322.0M | $265.3M | $193.7M | — |
| SG&A | $157.0M | $142.1M | $126.6M | $115.3M | $89.3M | $70.9M | $77.6M | $65.2M | $57.5M | — |
| Total operating expenses | $581.5M | $541.9M | $532.1M | $519.2M | $384.5M | $244.2M | $273.9M | $223.5M | $173.2M | — |
| Operating income | $74.3M | $51.4M | $22.1M | $73.1M | $105.3M | $61.1M | $48.1M | $41.8M | $20.5M | — |
| Pre-tax income | $82.3M | $64.4M | $37.8M | $76.6M | $104.7M | $60.1M | $47.2M | $41.2M | $19.1M | — |
| Income tax | $21.2M | $15.7M | $9.6M | $17.9M | $4.9M | $3.3M | $11.5M | $10.5M | $14.1M | — |
| Net income | $61.1M | $48.8M | $28.1M | $58.7M | $99.8M | $56.8M | $35.7M | $30.7M | $5.3M | — |
| EPS, basic | 0.87 | 0.70 | 0.39 | 0.80 | 1.38 | 0.81 | -0.09 | 0.47 | 0.08 | — |
| EPS, diluted | 0.86 | 0.69 | 0.38 | 0.79 | 1.34 | 0.79 | -0.09 | 0.44 | 0.08 | — |
| Shares, diluted (wtd. avg.) | $72.1M | $71.7M | $73.6M | $74.5M | $74.5M | $72.1M | $7.7M | $44.6M | $44.0M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $292.3M | $256.6M | $245.4M | $234.7M | $218.5M | $146.0M | $65.4M | $16.4M | — | — |
| Receivables | $16.6M | $10.3M | $12.4M | $5.4M | $4.6M | $4.6M | $4.8M | $5.3M | — | — |
| Inventory | $251.8M | $229.2M | $203.6M | $215.2M | $171.3M | $95.3M | $104.3M | $102.2M | — | — |
| Total current assets | $647.0M | $561.1M | $528.6M | $518.2M | $439.8M | $276.9M | $199.3M | $139.2M | — | — |
| Property, plant and equipment | $15.4M | $8.9M | $7.8M | $8.9M | $8.9M | $11.2M | $13.5M | $5.9M | — | — |
| Goodwill | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M | — | — |
| Other intangibles | $2.4M | $2.3M | $1.9M | $1.6M | $1.2M | $1.3M | $1.5M | $564.0K | — | — |
| Total assets | $765.0M | $665.5M | $608.9M | $579.3M | $480.4M | $305.8M | $232.3M | $162.1M | — | — |
| Accounts payable | $56.4M | $45.1M | $47.8M | $50.8M | $54.3M | $39.3M | $29.8M | $20.2M | — | — |
| Total current liabilities | $230.5M | $196.1M | $189.6M | $181.1M | $160.2M | $105.7M | $101.5M | $82.3M | — | — |
| Total liabilities | $252.5M | $227.8M | $223.7M | $199.7M | $163.4M | $105.7M | — | — | — | — |
| Retained earnings | $368.2M | $305.1M | $268.4M | $269.2M | $213.4M | $114.0M | $56.7M | $61.3M | — | — |
| Total equity | $512.5M | $437.8M | $385.1M | $379.6M | $317.0M | $200.1M | $130.8M | $79.8M | $48.0M | $42.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $59.4M | $26.7M | $43.3M | $23.4M | $62.3M | $73.8M | $46.1M | $26.7M | $16.5M | — |
| Depreciation and amortisation | $4.4M | $4.3M | $5.0M | $4.7M | $4.4M | $4.5M | $3.6M | $2.5M | $2.5M | — |
| Stock-based compensation | $10.6M | $10.0M | $5.8M | $5.9M | $4.8M | $3.4M | $2.1M | $1.4M | $911.0K | — |
| Capital expenditure | $11.4M | $5.6M | $4.2M | $5.2M | $2.2M | $2.3M | $12.5M | $3.0M | $2.3M | — |
| Investing cash flow | -$14.9M | -$9.1M | -$4.2M | -$5.2M | -$2.2M | -$2.3M | -$12.5M | -$3.0M | -$2.3M | — |
| Financing cash flow | -$1.4M | -$5.4M | -$30.4M | $887.0K | $12.8M | $8.7M | $15.2M | -$17.6M | -$15.1M | — |
| Buybacks | $2.0M | $11.8M | $30.9M | — | — | — | $40.8M | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-177284.
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