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Revolve Group, Inc. operates as a fashion retailer for millennial and generation z consumers in the United States and internationally. The company operates in two segments, REVOLVE and FWRD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands. The company offers apparel, footwear, accessories, and beauty products from emerging, established, and owned brands, as well as luxury brands. It serves its customers through its websites, mobile applications, and stores. The company was formerly known as Advance Holdings, LLC and changed its name to Revolve Group, Inc. in October 2018. Revolve Group, Inc. was founded in 2003 and is headquartered in Cerritos, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.2B | $81M | $62M | $48M | 12.0% | 8.5% | 24.5% |
| 2024 | $1.1B | $57M | $50M | $21M | 11.3% | 5.7% | 76.1% |
| 2023 | $1.1B | $27M | $28M | $39M | 7.3% | -3.0% | -52.0% |
| 2022 | $1.1B | $78M | $59M | $18M | 15.5% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 1,101.42 | 1,068.72 | 1,129.91 | 1,225.68 |
| Cost Of Revenue | 509.09 | 514.52 | 536.64 | 569.90 |
| Gross Profit | 592.32 | 554.20 | 593.27 | 655.78 |
| Operating Expense | 519.18 | 532.07 | 541.86 | 581.52 |
| Operating Income | 73.14 | 22.13 | 51.42 | 74.26 |
| EBITDA | 77.93 | 27.23 | 56.58 | 80.66 |
| EBIT | 73.14 | 22.13 | 51.42 | 74.26 |
| Pretax Income | 76.62 | 37.76 | 64.45 | 82.30 |
| Tax Provision | 17.92 | 9.61 | 15.68 | 21.16 |
| Net Income | 58.70 | 28.15 | 49.56 | 61.71 |
| Net Income Common Stockholders | 58.70 | 28.15 | 49.56 | 61.71 |
| Total Expenses | 1,028.28 | 1,046.59 | 1,078.49 | 1,151.42 |
| Selling General And Administration | 487.38 | 495.41 | 504.47 | 542.01 |
| Normalized EBITDA | 77.93 | 27.23 | 56.58 | 80.66 |
| Normalized Income | 58.70 | 28.15 | 49.56 | 61.71 |
| Basic EPS | 0.80 | 0.39 | 0.70 | 0.87 |
| Diluted EPS | 0.79 | 0.38 | 0.69 | 0.86 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.23 | 0.26 | 0.24 | 0.26 |
| Net Income From Continuing Operation Net Minority Interest | 58.70 | 28.15 | 49.56 | 61.71 |
| Reconciled Depreciation | 4.79 | 5.09 | 5.17 | 6.39 |
| Reconciled Cost Of Revenue | 509.09 | 514.52 | 536.64 | 569.90 |
| Net Income From Continuing And Discontinued Operation | 58.70 | 28.15 | 49.56 | 61.71 |
| Total Operating Income As Reported | 73.14 | 22.13 | 51.42 | 74.26 |
| Diluted Average Shares | 74.52 | 73.58 | 71.68 | 72.09 |
| Basic Average Shares | 73.31 | 72.96 | 70.85 | 71.30 |
| Diluted NI Availto Com Stockholders | 58.70 | 28.15 | 49.56 | 61.71 |
| Otherunder Preferred Stock Dividend | 0 | 0 | 0 | 0 |
| Minority Interests | 0 | 0 | 0.79 | 0.56 |
| Net Income Including Noncontrolling Interests | 58.70 | 28.15 | 48.77 | 61.15 |
| Net Income Continuous Operations | 58.70 | 28.15 | 48.77 | 61.15 |
| Other Income Expense | 3.48 | 15.63 | 13.03 | 8.04 |
| Other Non Operating Income Expenses | 3.48 | 15.63 | 13.03 | 8.04 |
| Other Operating Expenses | 31.80 | 36.65 | 37.39 | 39.51 |
| Selling And Marketing Expense | 372.07 | 368.83 | 362.35 | 385.02 |
| General And Administrative Expense | 115.31 | 126.58 | 142.12 | 156.99 |
| Other Gand A | 115.31 | 126.58 | 142.12 | 156.99 |
| Operating Revenue | 1,101.42 | 1,068.72 | 1,129.91 | 1,225.68 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Revolve Group, Inc.this co. | RVLV | $1.8B | 29.99↑ premium | 3.07 | 12.0% | 19.01 |
| Driven Brands Holdings Inc. | DRVN | $2.1B | - | 2.64 | -48.2% | 12.08 |
| The Goodyear Tire & Rubber Company | GT | $2.0B | - | 0.62 | -50.6% | 6.94 |
| National Vision Holdings, Inc. | EYE | $1.9B | 63.90 | 2.18 | 3.4% | 16.05 |
| United Parks & Resorts Inc. | PRKS |
| $1.8B |
| 9.76 |
| -3.77 |
| -38.6% |
| 7.27 |
| Kohl's Corporation | KSS | $1.6B | 6.06 | 0.41 | 6.7% | 5.74 |
| Interface, Inc. | TILE | $1.6B | 14.14 | 2.56 | 18.1% | 9.32 |
| Leggett & Platt, Incorporated | LEG | $1.6B | 6.57 | 1.51 | 23.0% | 5.39 |
| Dream Finders Homes, Inc. | DFH | $1.5B | 6.43 | 0.98 | 15.2% | 9.26 |
| Peer Median | - | 8.17 | 1.25 | 5.1% | 8.27 | |