RVLV on NYSE
Revolve Group, Inc.
REVOLVE is the next-generation fashion retailer for Millennial and Generation Z consumers.5 From its latest annual report
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Last updated Oct 19, 2026.
Overview
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- TickerRVLV on NYSE2
- IndustryRetail-Catalog & Mail-Order Houses2
- HeadquartersFelton, United States2
- Incorporated inDE4
- Business address12889 Moore St., Cerritos, Ca 907034
- Filer categoryLarge accelerated filer4
- Legal formCorporation2
- LEI5299000AXC2CP62K3O122
- StatusActive2
- LEI statusIssued and current2
- Registered addressc/o TELOS LEGAL CORP., 13 WEST MAIN STREET P.O. BOX 953, 19943 Felton, United States2
- Registered withDivision of Corporations, Department of State, 52660122
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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.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Fashion Apparel brought in 45% of the revenue Revolve Group, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Fashion Apparel | $469.7M | $499.1M | $555.9M |
| Dresses | $315.2M | $331.4M | $344.5M |
| Handbags Shoes And Accessories | $235.1M | $237.9M | $248.4M |
| Beauty | $41.6M | $49.0M | $58.8M |
| Manufactured Product, Other | $7.1M | $12.5M | $18.1M |
| Breakage On Store Credit And Gift Cards | $2.6M | $3.3M | $4.2M |
Business segments
Revolve brought in 86% of the revenue Revolve Group, Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revolve | $904.5M | $970.5M | $1.1B |
| Forward | $164.2M | $159.4M | $171.6M |
Regions
United States brought in 79% of the revenue Revolve Group, Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United States | $870.4M | $903.5M | $972.4M |
| Outside the United States | $198.3M | $226.4M | $253.3M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue46¢$569.9M
- Other costs47¢$572.9M
- Income tax2¢$21.2M
- Profit5¢$61.7M
Out of $1.2B in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Capital spending19¢$11.4M
- Share buybacks3¢$2.0M
- Kept or used elsewhere77¢$46.0M
Out of $59.4M of cash from operations.3
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net sales | $1.2B | $1.1B | $1.1B |
| Cost of sales | $569.9M | $536.6M | $514.5M |
| Gross profit | $655.8M | $593.3M | $554.2M |
| Fulfillment | $39.5M | $37.4M | $36.7M |
| Selling and distribution | $209.6M | $195.2M | $197.1M |
| Marketing | $175.4M | $167.2M | $171.8M |
| General and administrative | $157.0M | $142.1M | $126.6M |
| Total operating expenses | $581.5M | $541.9M | $532.1M |
| Income from operations | $74.3M | $51.4M | $22.1M |
| Other income, net | -$8.0M | -$13.0M | -$15.6M |
| Income before income taxes | $82.3M | $64.4M | $37.8M |
| Provision for income taxes | $21.2M | $15.7M | $9.6M |
| Net income | $61.1M | $48.8M | $28.1M |
| Less: Net loss attributable to non-controlling interest | $563.0K | $786.0K | |
| Net income attributable to Revolve Group, Inc. stockholders | $61.7M | $49.6M | $28.1M |
| Basic | $0.87 | $0.70 | $0.39 |
| Diluted | $0.86 | $0.69 | $0.38 |
| Basic | 71.3M shares | 70.8M shares | 73.0M shares |
| Diluted | 72.1M shares | 71.7M shares | 73.6M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $292.3M | $256.6M | ||
| Restricted cash | $10.9M | |||
| Accounts receivable, net | $16.6M | $10.3M | ||
| Inventory | $251.8M | $229.2M | ||
| Income taxes receivable | $1.7M | $1.2M | ||
| Prepaid expenses and other current assets | $73.7M | $63.7M | ||
| Total current assets | $647.0M | $561.1M | ||
| Property and equipment (net of accumulated depreciation of $26,245 and $22,230 as of December 31, 2025 and December 31, 2024, respectively) | $15.4M | $8.9M | ||
| Right-of-use lease assets | $28.8M | $36.3M | ||
| Intangible assets, net | $2.4M | $2.3M | ||
| Goodwill | $2.0M | $2.0M | ||
| Other assets | $29.6M | $18.1M | ||
| Deferred income taxes, net | $39.8M | $36.9M | ||
| Total assets | $765.0M | $665.5M | ||
| Accounts payable | $56.4M | $45.1M | ||
| Income taxes payable | $1.4M | $4.0K | ||
| Accrued expenses | $44.3M | $38.5M | ||
| Returns reserve | $77.0M | $69.7M | $63.8M | $63.4M |
| Current lease liabilities | $10.5M | $9.1M | ||
| Other current liabilities | $41.0M | $33.7M | ||
| Total current liabilities | $230.5M | $196.1M | ||
| Non-current lease liabilities | $21.9M | $31.7M | ||
| Total liabilities | $252.5M | $227.8M | ||
| Additional paid-in capital | $144.2M | $133.0M | ||
| Retained earnings | $368.2M | $305.1M | ||
| Non-controlling interest | -$403.0K | |||
| Total stockholders' equity | $512.5M | $437.8M | $385.1M | $379.6M |
| Total liabilities and stockholders equity | $765.0M | $665.5M | ||
| Property and equipment, accumulated depreciation | $26.2M | $22.2M |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $292.3M | $256.6M | ||
| Restricted cash | $10.9M | |||
| Accounts receivable, net | $16.6M | $10.3M | ||
| Inventory | $251.8M | $229.2M | ||
| Income taxes receivable | $1.7M | $1.2M | ||
| Prepaid expenses and other current assets | $73.7M | $63.7M | ||
| Total current assets | $647.0M | $561.1M | ||
| Property and equipment (net of accumulated depreciation of $26,245 and $22,230 as of December 31, 2025 and December 31, 2024, respectively) | $15.4M | $8.9M | ||
| Right-of-use lease assets | $28.8M | $36.3M | ||
| Intangible assets, net | $2.4M | $2.3M | ||
| Goodwill | $2.0M | $2.0M | ||
| Other assets | $29.6M | $18.1M | ||
| Deferred income taxes, net | $39.8M | $36.9M | ||
| Total assets | $765.0M | $665.5M | ||
| Accounts payable | $56.4M | $45.1M | ||
| Income taxes payable | $1.4M | $4.0K | ||
| Accrued expenses | $44.3M | $38.5M | ||
| Returns reserve | $77.0M | $69.7M | $63.8M | $63.4M |
| Current lease liabilities | $10.5M | $9.1M | ||
| Other current liabilities | $41.0M | $33.7M | ||
| Total current liabilities | $230.5M | $196.1M | ||
| Non-current lease liabilities | $21.9M | $31.7M | ||
| Total liabilities | $252.5M | $227.8M | ||
| Additional paid-in capital | $144.2M | $133.0M | ||
| Retained earnings | $368.2M | $305.1M | ||
| Non-controlling interest | -$403.0K | |||
| Total stockholders' equity | $512.5M | $437.8M | $385.1M | $379.6M |
| Total liabilities and stockholders equity | $765.0M | $665.5M | ||
| Property and equipment, accumulated depreciation | $26.2M | $22.2M |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $61.1M | $48.8M | $28.1M |
| Depreciation and amortization | $4.6M | $4.4M | $5.1M |
| Rental product depreciation | $1.8M | $736.0K | |
| Gain on sale of rental product | -$294.0K | ||
| Equity-based compensation | $10.6M | $10.0M | $5.8M |
| Loss on disposal of subsidiary | $2.4M | ||
| Deferred income taxes, net | -$2.9M | -$6.9M | -$5.3M |
| Accounts receivable | -$6.2M | $2.1M | -$7.0M |
| Inventories | -$23.6M | -$24.8M | $11.6M |
| Income taxes receivable | -$522.0K | $430.0K | $1.3M |
| Prepaid expenses and other current assets | -$10.0M | $1.8M | -$5.6M |
| Other assets | -$11.4M | -$13.6M | -$1.4M |
| Accounts payable | $11.8M | -$2.7M | -$3.0M |
| Income taxes payable | $1.4M | $4.0K | -$229.0K |
| Accrued expenses | $5.9M | -$2.2M | $2.4M |
| Returns reserve | $7.3M | $5.9M | $399.0K |
| Right-of-use lease assets and lease liabilities | -$684.0K | -$77.0K | $3.0M |
| Other current liabilities | $8.0M | $2.8M | $7.9M |
| Net cash provided by operating activities | $59.4M | $26.7M | $43.3M |
| Purchases of property and equipment | -$11.4M | -$5.6M | -$4.2M |
| Purchases of rental product | -$3.6M | -$3.0M | |
| Proceeds from sale of rental product | $1.8M | ||
| Cash divested upon disposal of subsidiary | -$1.7M | ||
| Cash paid for acquisition | -$427.0K | ||
| Net cash used in investing activities | -$14.9M | -$9.1M | -$4.2M |
| Proceeds from the exercise of stock options, net of tax withholdings on share-based payment awards | $637.0K | $6.4M | $536.0K |
| Repurchases of Class A common stock | -$2.0M | -$11.8M | -$30.9M |
| Net cash used in financing activities | -$1.4M | -$5.4M | -$30.4M |
| Effect of exchange rate changes on cash and cash equivalents | $3.5M | -$1.1M | $2.0M |
| Net increase in cash and cash equivalents | $46.6M | $11.2M | $10.7M |
| Income taxes, net of refund | $22.8M | $22.2M | $13.0M |
| Operating leases | $12.9M | $9.3M | $7.0M |
| Lease assets obtained in exchange for new operating lease liabilities | $6.1M | $7.2M | $20.5M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Revolve Group, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerMichael Karanikolas Mar 2, 2021 to now16
- Chief executive officerMichael Mente Oct 22, 2020 to Mar 2, 202117
- Chief financial officerJesse Timmermans Jun 6, 2019 to now18
- Chief operating officerDavid Pujades Jun 6, 2019 to Aug 6, 202119
Board members and other officers (10)
- OfficerMichael Karanikolas Jun 6, 2019 to Mar 10, 202020
- OfficerMichael Mente Jun 6, 2019 to Mar 10, 202021
- Board memberErinn Elisabeth Murphy Mar 20, 2026 to now22
- Board memberOana Ruxandra Jan 20, 2022 to now23
- Board memberMelanie Cox Jul 31, 2020 to now24
- Board memberHadley Mullin Jun 6, 2019 to Nov 19, 202025
- Board memberJennifer Baxter Moser Jun 6, 2019 to now26
- Board memberMarc D. Stolzman Jun 6, 2019 to Jun 13, 202327
- Board memberMichael Karanikolas Jun 6, 2019 to now20
- Board memberMichael Mente Jun 6, 2019 to now21
Former names
Timeline
Filings
244 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 31 major events, 106 insider forms, 49 large holders, 38 other. The latest 20:
- Aug 11, 2026SCHEDULE 13G EDGAR
- Aug 4, 202610-Q EDGAR
- Aug 4, 20268-K EDGAR
- Jul 31, 2026SCHEDULE 13G EDGAR
- Jun 9, 20268-K EDGAR
- Jun 9, 20264 EDGAR
- Jun 9, 20264 EDGAR
- Jun 9, 20264 EDGAR
- Jun 3, 20268-K EDGAR
- May 7, 2026SCHEDULE 13G/A EDGAR
- May 5, 202610-Q EDGAR
- May 5, 20268-K EDGAR
- Apr 29, 2026SCHEDULE 13G EDGAR
- Apr 29, 20264 EDGAR
- Apr 29, 20264 EDGAR
- Apr 29, 20264 EDGAR
- Apr 27, 2026144 EDGAR
- Apr 24, 2026ARS EDGAR
- Apr 24, 2026DEFA14A EDGAR
- Apr 24, 2026DEF 14A EDGAR
The 244 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
205 open-market trades by officers, directors and large owners since October 2021: 0 buys and 205 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Apr 29, 2026 | Mente MichaelCO-CHIEF EXECUTIVE OFFICER | Sale | 15,640 | $26.00 | $406.6K | Form 4 |
| Apr 29, 2026 | Karanikolas MichaelCO-CHIEF EXECUTIVE OFFICER | Sale | 15,640 | $26.00 | $406.6K | Form 4 |
| Apr 29, 2026 | MMMK Development, Inc.10% owner | Sale | 15,640 | $26.00 | $406.6K | Form 4 |
| Apr 28, 2026 | Mente MichaelCO-CHIEF EXECUTIVE OFFICER | Sale | 42,678 | $26.35 | $1.1M | Form 4 |
| Apr 28, 2026 | Karanikolas MichaelCO-CHIEF EXECUTIVE OFFICER | Sale | 42,678 | $26.35 | $1.1M | Form 4 |
| Apr 28, 2026 | MMMK Development, Inc.10% owner | Sale | 42,678 | $26.35 | $1.1M | Form 4 |
| Apr 27, 2026 | Mente MichaelCO-CHIEF EXECUTIVE OFFICER | Sale | 60,923 | $26.43 | $1.6M | Form 4 |
| Apr 27, 2026 | Karanikolas MichaelCO-CHIEF EXECUTIVE OFFICER | Sale | 60,923 | $26.43 | $1.6M | Form 4 |
| Apr 27, 2026 | MMMK Development, Inc.10% owner | Sale | 60,923 | $26.43 | $1.6M | Form 4 |
| Apr 9, 2026 | Mente MichaelCO-CHIEF EXECUTIVE OFFICER | Sale | 15,972 | $25.90 | $413.7K | Form 4 |
| Apr 9, 2026 | Karanikolas MichaelCO-CHIEF EXECUTIVE OFFICER | Sale | 15,972 | $25.90 | $413.7K | Form 4 |
| Apr 9, 2026 | MMMK Development, Inc.10% owner | Sale | 15,972 | $25.90 | $413.7K | Form 4 |
| Feb 12, 2026 | Mente MichaelCO-CHIEF EXECUTIVE OFFICER | Sale | 1,948 | $25.93 | $50.5K | Form 4 |
| Feb 12, 2026 | Karanikolas MichaelCO-CHIEF EXECUTIVE OFFICER | Sale | 1,948 | $25.93 | $50.5K | Form 4 |
| Feb 12, 2026 | MMMK Development, Inc.10% owner | Sale | 1,948 | $25.93 | $50.5K | Form 4 |
| Feb 11, 2026 | Mente MichaelCO-CHIEF EXECUTIVE OFFICER | Sale | 15,645 | $26.13 | $408.8K | Form 4 |
| Feb 11, 2026 | Karanikolas MichaelCO-CHIEF EXECUTIVE OFFICER | Sale | 15,645 | $26.13 | $408.8K | Form 4 |
| Feb 11, 2026 | MMMK Development, Inc.10% owner | Sale | 15,645 | $26.13 | $408.8K | Form 4 |
| Jan 28, 2026 | Mente MichaelCO-CHIEF EXECUTIVE OFFICER | Sale | 49,882 | $28.57 | $1.4M | Form 4 |
| Jan 28, 2026 | Karanikolas MichaelCO-CHIEF EXECUTIVE OFFICER | Sale | 49,882 | $28.57 | $1.4M | Form 4 |
All 205 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- WILLIAM BLAIR INVESTMENT MANAGEMENT, LLCSCHEDULE 13G, 9 filings Feb 10, 2022 to Aug 11, 202628
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Jul 31, 202629
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202630
- MMMK Development, Inc.SCHEDULE 13G/A, 6 filings Feb 4, 2022 to Apr 23, 202631
- VANGUARD GROUP INCSCHEDULE 13G/A, 6 filings Feb 10, 2022 to Mar 27, 202632
- KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLCSCHEDULE 13G/A, 9 filings Aug 10, 2022 to Feb 13, 202633
- FULLER & THALER ASSET MANAGEMENT, INC.SCHEDULE 13G/A, 5 filings Nov 12, 2024 to Aug 14, 202534
- BlackRockSCHEDULE 13G, 3 filings Oct 21, 2024 to Jan 8, 202535
- FMR LLCSC 13G/A, 3 filings Feb 9, 2022 to Feb 9, 202436
- Fisher Asset Management, LLCSCHEDULE 13G, 1 filing Feb 5, 202437
- Point72 Asset Management, L.P.SC 13G, 1 filing Feb 14, 202238
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Fmr LLC | 6,210,901 | $142.2M | 0.0% | +22,938 |
| BlackRock, Inc. | 4,572,278 | $104.7M | 0.0% | +891,980 |
| Vanguard Portfolio Management LLC | 3,590,707 | $82.2M | 0.0% | +271,453 |
| William Blair Investment Management, LLC | 2,333,717 | $53.4M | 0.2% | +567,294 |
| Marshall Wace, Llp | 1,904,833 | $43.6M | 0.0% | −45,918 |
| Vanguard Capital Management LLC | 1,833,849 | $42.0M | 0.0% | +74,817 |
| State Street Corp | 1,264,264 | $28.9M | 0.0% | +118,616 |
| Kayne Anderson Rudnick Investment Management LLC | 1,247,529 | $28.6M | 0.1% | −356,432 |
| Geode Capital Management, LLC | 1,054,043 | $24.1M | 0.0% | +85,547 |
| Algert Global LLC | 1,037,212 | $23.7M | 0.3% | +363,534 |
| Citadel Advisors LLC | 1,026,687 | $23.5M | 0.0% | +233,173 |
| Dimensional Fund Advisors LP | 997,891 | $22.8M | 0.0% | +93,572 |
| London Co Of Virginia | 979,810 | $22.4M | 0.1% | −44,780 |
| Goldman Sachs Group Inc | 922,682 | $21.1M | 0.0% | +208,576 |
| Segall Bryant & Hamill, LLC | 799,999 | $18.3M | 0.2% | +286,378 |
| Divisadero Street Capital Management, LP | 708,216 | $16.2M | 0.4% | +694,440 |
| Mackenzie Financial Corp | 648,332 | $14.8M | 0.0% | New |
| Balyasny Asset Management L.P. | 627,133 | $14.4M | 0.0% | −571,915 |
| Barclays PLC | 552,283 | $12.6M | 0.0% | +337,045 |
| Silvercrest Asset Management Group LLC | 534,826 | $12.2M | 0.1% | −23,865 |
| Nuveen, LLC | 520,363 | $11.9M | 0.0% | +440,878 |
| Raymond James Financial Inc | 515,553 | $11.8M | 0.0% | +74,259 |
| D. E. Shaw & Co., Inc. | 512,193 | $11.7M | 0.0% | +88,922 |
| Aqr Capital Management LLC | 416,876 | $9.5M | 0.0% | +162,136 |
| Northern Trust Corp | 391,908 | $9.0M | 0.0% | +31,874 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Oct 16, 2023 | Josh GottheimerDemocratic, House | Buy | $1,001 - $15,000 | −24.3% | Report |
| May 13, 2021 | Josh GottheimerDemocratic, House | Buy | $1,001 - $15,000 | −135.3% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 20SEC EDGARMichael Karanikolas, Officer
- 21SEC EDGARMichael Mente, Officer
- 22SEC EDGARErinn Elisabeth Murphy, Board member
- 23SEC EDGAROana Ruxandra, Board member
- 24SEC EDGARMelanie Cox, Board member
- 25SEC EDGARHadley Mullin, Board member
- 26SEC EDGARJennifer Baxter Moser, Board member
- 27SEC EDGARMarc D. Stolzman, Board member
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