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% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,101.42 | 1,068.72 | 1,129.91 | 1,225.68 |
| Operating 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 |
| Selling General And Administration | - | 487.38 | 495.41 | 504.47 | 542.01 |
| Total Expenses | - | 1,028.28 | 1,046.58 | 1,078.49 | 1,151.42 |
| Operating Income | - | 73.14 | 22.13 | 51.42 | 74.26 |
| Total Operating Income As Reported | - | 73.14 | 22.13 | 51.42 | 74.26 |
| EBITDA | - | 77.93 | 27.23 | 56.58 | 80.66 |
| Normalized EBITDA | - | 77.93 | 27.23 | 56.58 | 80.66 |
| EBIT | - | 73.14 | 22.13 | 51.42 | 74.26 |
| Other Non Operating Income Expenses | - | 3.48 | 15.63 | 13.03 | 8.04 |
| Other Income Expense | - | 3.48 | 15.63 | 13.03 | 8.04 |
| Pretax Income | - | 76.62 | 37.76 | 64.45 | 82.30 |
| Tax Provision | - | 17.92 | 9.61 | 15.68 | 21.16 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 58.70 | 28.15 | 48.77 | 61.15 |
| Net Income From Continuing And Discontinued Operation | - | 58.70 | 28.15 | 49.56 | 61.71 |
| Net Income From Continuing Operation Net Minority Interest | - | 58.70 | 28.15 | 49.56 | 61.71 |
| Net Income | - | 58.70 | 28.15 | 49.56 | 61.71 |
| Net Income Common Stockholders | - | 58.70 | 28.15 | 49.56 | 61.71 |
| Net Income Including Noncontrolling Interests | - | 58.70 | 28.15 | 48.77 | 61.15 |
| Normalized Income | - | 58.70 | 28.15 | 49.56 | 61.71 |
| Diluted NI Availto Com Stockholders | - | 58.70 | 28.15 | 49.56 | 61.71 |
| Basic Average Shares | - | 73.31 | 72.96 | 70.85 | 71.30 |
| Diluted Average Shares | - | 74.52 | 73.58 | 71.68 | 72.09 |
| Reconciled Depreciation | - | 4.79 | 5.09 | 5.16 | 6.39 |
| Reconciled Cost Of Revenue | - | 509.09 | 514.52 | 536.64 | 569.90 |
| Minority Interests | - | 0 | 0 | 0.79 | 0.56 |
| General And Administrative Expense | - | 115.31 | 126.58 | 142.12 | 156.99 |
| Other Gand A | - | 115.31 | 126.58 | 142.12 | 156.99 |
| Other Operating Expenses | - | 31.80 | 36.65 | 37.39 | 39.51 |
| Selling And Marketing Expense | - | 372.07 | 368.83 | 362.34 | 385.02 |
| Otherunder Preferred Stock Dividend | 0 | - | - | - | - |
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 | $1.4B | 22.41β premium | 2.70 | 12.0% | 13.93 |
| Savers Value Village, Inc. | SVV | $1.4B | 62.17 | 3.23 | 5.2% | 15.00 |
| Carter's, Inc. | CRI | $1.4B | 15.31 | 1.52 | 9.9% | 10.48 |
| Leggett & Platt, Incorporated | LEG | $1.4B | 5.91 | 1.36 | 23.0% | 5.07 |
| Tripadvisor, Inc. | TRIP | $1.4B |
| - |
| - |
| - |
| - |
| - |
| 34.76 |
| 2.16 |
| 6.2% |
| 8.02 |
| Olaplex Holdings, Inc. | OLPX | $1.4B | -148.20 | 1.56 | -1.1% | 15.77 |
| Winmark Corporation | WINA | $1.4B | 32.66 | - | -77.6% | 24.92 |
| Hyliion Holdings Corp. | HYLN | $1.4B | -23.76 | 7.08 | -29.8% | -22.68 |
| G-III Apparel Group, Ltd. | GIII | $1.4B | 20.07 | 0.77 | 3.8% | 8.77 |
| Peer Median | - | 17.69 | 1.56 | 4.5% | 9.63 | |