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Revolve Group (RVLV) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 3, 2026 · Revolve Group (RVLV) Q3 2026 earnings results →

Q3 2026 Revenue up 20% year over year to $356M · 4¢ of every $1 of revenue kept as net profit · operating margin 5.3%

Revolve Group made $356M in Q3 2026 (+20% Y/Y): Fashion Apparel $159M, Dresses $98.5M, Handbags Shoes and Accessories $70.7M. Operating margin 5.3%, net earnings $14.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.

Revenue$356M
Year over year+20%
Operating margin5.3%
Net earnings$14.5M
Operating cash flow−$24.3M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $356.0M in Q3 2026, up 20% year over year and up 2% from the previous quarter. Fashion Apparel was the largest line at 45% of revenue. Fashion Apparel added $29.8M year over year (up 23%), 49% of the total change.

Gross margin was 53.9%, down 0.8 points from Q3 2025. Operating profit was $19.0M, a 5.3% margin (down 1.8 points year over year). Operating profit fell $2.0M even though revenue rose $60.3M versus Q3 2025, so costs grew faster than sales. Operating expenses grew 23% against revenue growth of 20%. The fastest-growing cost line was Other operating costs (+25%). Net earnings were $14.5M, down 32% year over year. The effective tax rate was 27.0%.

Operating cash flow was −$24.3M. Non-cash charges added back $1.7M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items used $43.7M. Capital expenditures of $3.1M exceeded it, leaving free cash flow of −$27.4M.

Quarterly history

Revolve Group revenue by quarterRevolve Group revenue by quarter$297MQ1 2025$309MQ2 2025$296MQ3 2025$324MQ4 2025$343MQ1 2026$347MQ2 2026$356MQ3 2026
Revolve Group net earnings by quarterRevolve Group net earnings by quarter$11.8MQ1 2025$10.2MQ2 2025$21.2MQ3 2025$18.6MQ4 2025$14.4MQ1 2026$18.6MQ2 2026$14.5MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 3, 2026$356M+20%5.3%$14.5M−$24.3M
Q2 202610-QAug 4, 2026$347M+12%6.4%$18.6M−$8.2M
Q1 202610-QMay 5, 2026$343M+16%4.6%$14.4M$49.4M
Q4 202510-KFeb 25, 2026$324M+10%6.3%$18.6M−$10.2M
Q3 202510-QNov 4, 2025$296M+4%7.1%$21.2M$11.8M
Q2 202510-QAug 5, 2025$309M+9%5.8%$10.2M$12.6M
Q1 202510-QMay 6, 2025$297M+10%5.0%$11.8M$45.1M

Charts

Revolve Group: revenue growth, year over year and quarter over quarterRevolve Group: revenue growth, year over year and quarter over quarterY/YQ/Q+10%Q1 2025+9%+4%Q2 2025+4%-4%Q3 2025+10%+10%Q4 2025+16%+6%Q1 2026+12%+1%Q2 2026+20%+2%Q3 2026
Latest (Q3 2026): Y/Y +20%, Q/Q +2%.
Revolve Group: where the cash came from (+) and went (−), TTM to Q3 2026Revolve Group: where the cash came from (+) and went (−), TTM to Q3 2026Cash drawn (+) / kept (−)$30.8MCapital spending−$14.0MOther investing−$13.1MBuybacks−$10.1MOperating cash flow$6.7MExchange rates−$807KOther financing$454K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Revolve Group: profit against cash, quarter by quarterRevolve Group: profit against cash, quarter by quarterNet incomeOperating cash flow$11.8M$3.9MQ4 2024$11.4M$45.1MQ1 2025$10.0M$12.6MQ2 2025$21.2M$11.8MQ3 2025$18.6M−$10.2MQ4 2025$13.8M$49.4MQ1 2026$18.6M−$8.2MQ2 2026$15.5M−$24.3MQ3 2026
Latest (Q3 2026): Net income $15.5M, Operating cash flow −$24.3M.
Revolve Group: diluted shares by fiscal yearRevolve Group: diluted shares by fiscal year72MFY202075MFY202175MFY202274MFY202372MFY202472MFY2025
+0.0% since FY2020: more shares outstanding (issuance, stock pay).
Revolve Group in its industry: growth against margin (23 companies, SIC 5961)Revolve Group in its industry: growth against margin (23 companies, SIC 5961)revenue growth, year over year →↑ operating marginmedian +8%median 1%AMZNCPNGCDWWCHWYNSITOld QVC Group, Inc.QVCGPTRNNXHGCTSFIXAKATDUPHNSTLVLUGROVHOURDIBSGIFTAMZECAHORVLV (+20%, 5%)
Retail-Catalog & Mail-Order Houses; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Revolve Group

Revolve Group, Inc. (NYSE: RVLV) 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 an engaging customer experience from a vast yet curated offering of apparel, footwear, accessories, beauty and home products. Our dynamic platform connects a deeply engaged community of millions of consumers, thousands of global fashion influencers and more than 1,600 emerging, established and owned brands. We were founded in 2003 by our co-CEOs, Michael Mente and Mike Karanikolas. We sell merchandise through two complementary segments, REVOLVE and FWRD, that leverage one platform. Through REVOLVE, we offer an assortment of premium apparel, footwear, accessories and beauty products from emerging, established and owned brands. Through

In its own words, from its 8-K, filed Aug 4, 2026.

Revolve Group against its Retail-Catalog & Mail-Order Houses peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +20% against the peers' median +10%. Operating margin: 5.3% against the peers' median 3.1%.

CompanyQuarterRevenueY/YOp. margin
RVLV Revolve GroupQ3 2026$356M+20%5.3%
AMZN Amazon.comQ3 2026$201.9B+12%13.9%
CPNG CoupangQ3 2026$10.0B+8%-4.5%
CDW CDWQ3 2026$6.8B+18%7.2%
W WayfairQ3 2026$3.4B+10%3.1%
CHWY ChewyQ2 FY27$3.3B+7%2.8%
NSIT Insight EnterprisesQ3 2026$2.4B+22%2.8%
Old QVC GroupQ2 2026$2.0B-11%2.6%
QVCG QVC GroupQ2 2026$1.8B-11%3.5%

Source: Revolve Group 10-Q on SEC EDGAR · CIK 1746618 · Retail-Catalog & Mail-Order Houses

Guidance and outlook

Revolve Group: what its forward-looking statements are about (10-Q filed 2026-11-03)Revolve Group: what its forward-looking statements are about (10-Q filed 2026-11-03)Demand10Costs5Capital spending1Margins1Supply chain1People1Financing1
20 statements; tone +0.35 (−1 all cautious, +1 all confident); 7 hedged.
Revolve Group: outlook statements against the filing beforeRevolve Group: outlook statements against the filing beforeConfident8Cautious1

13F: who owns RVLV and who is buying

Largest holders of RVLV (13F)Largest holders of RVLV (13F)FMR LLC$142MVanguard Group$130MBlackRock$105MVanguard Portfolio Management LLC$82.2MWilliam Blair Investment Manageme…$53.4MMarshall Wace, LLP$43.6MVanguard Capital Management LLC$42.0MState Street$28.9MKayne Anderson Rudnick Investment…$28.6MGeode Capital Management, LLC$24.1M
Funds' net buying of RVLV by quarter (13F)Funds' net buying of RVLV by quarter (13F)−$59.8M2024-09−$39.4M2024-12−$7.9M2025-03$41.2M2025-06−$25.6M2025-09$11.9M2025-12−$68.0M2026-03−$7.4M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on RVLV

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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