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Revolve Group cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$27.4M in Q3 2026 · −$7.3M over twelve months

Operating cash flow−$24.3M
Capital spending−$3.1M
Free cash flow−$27.4M
Cash / net income-1.6×
Cash conversion cycle125 days

Analysis

In Q3 2026, Revolve Group generated −$24.3M of operating cash flow and spent $3.1M on capital projects, leaving free cash flow of −$27.4M. That is $34.9M less than in Q3 2025 ($7.5M).

Over the twelve months to Sep 30, 2026, operating cash flow was $6.7M; the largest uses were capital spending ($14.0M), other investing ($13.1M), buybacks ($10.1M); besides operations, cash came from other financing ($454K); the cash balance fell by $30.8M.

Operating cash flow was −$24.3M against net income of $15.5M — -1.6× profit, less cash than reported earnings, worth checking against working capital. The largest differences: payables −$22.7M, inventory −$17.5M, prepaid and other assets −$4.2M.

Its cash conversion cycle was 125 days (receivables 8 + inventory 159 − payables 42).

Free cash flow

Revolve Group: free cash flow by quarterRevolve Group: free cash flow by quarter$2.1MQ4 2024$43.4MQ1 2025$10.4MQ2 2025$7.5MQ3 2025−$13.3MQ4 2025$44.5MQ1 2026−$11.1MQ2 2026−$27.4MQ3 2026
Operating cash flow less capital spending.
Revolve Group: operating cash flow against capital spendingRevolve Group: operating cash flow against capital spendingOperating cash flowCapital spending$3.9M$1.8MQ4 2024$45.1M$1.8MQ1 2025$12.6M$2.2MQ2 2025$11.8M$4.3MQ3 2025−$10.2M$3.1MQ4 2025$49.4M$5.0MQ1 2026−$8.2M$2.8MQ2 2026−$24.3M$3.1MQ3 2026
Latest (Q3 2026): Operating cash flow −$24.3M, Capital spending $3.1M.

Capital allocation, year by year

Revolve Group: where the cash came from (up) and went (down), by fiscal yearRevolve Group: where the cash came from (up) and went (down), by fiscal yearOperating cash flowShares issuedCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow $62.3MFY2021: Shares issued $12.8MFY2021: Capital spending −$2.2M$75.1MFY2021FY2022: Operating cash flow $23.4MFY2022: Shares issued $887KFY2022: Capital spending −$5.2M$24.3MFY2022FY2023: Operating cash flow $43.3MFY2023: Shares issued $536KFY2023: Capital spending −$4.2MFY2023: Buybacks −$30.9M$43.9MFY2023FY2024: Operating cash flow $26.7MFY2024: Capital spending −$5.6MFY2024: Acquisitions −$427KFY2024: Buybacks −$11.8M$26.7MFY2024FY2025: Operating cash flow $59.4MFY2025: Capital spending −$11.4MFY2025: Buybacks −$2.0M$59.4MFY2025
Over these 5 years operating cash flow totalled $215M; the largest uses were buybacks ($44.7M) and capital spending ($28.6M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$285M
Debtnone
Net cash$285M
Cash runway2.6 years

Revolve Group is burning cash: its operations consume cash, a free cash flow of −$110M a year at the current rate against $285M of cash and investments: a runway of about 2.6 years before any new financing.

Where the cash came from and went

Revolve Group: sources (+) and uses (−) of cash, Q3 2026Revolve Group: sources (+) and uses (−) of cash, Q3 2026Cash drawn (+) / kept (−)$26.9MOperating cash flow−$24.3MCapital spending−$3.1MOther investing$433KOther financing$216KExchange rates−$111KBuybacks−$73K
Revolve Group: sources (+) and uses (−) of cash, TTM to Q3 2026Revolve Group: sources (+) and uses (−) of cash, 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 profit to cash

Revolve Group: net income to operating cash flow, Q3 2026Revolve Group: net income to operating cash flow, Q3 2026Net income$15.5MDepreciation & amortization$1.7MStock-based pay$2.1MReceivables−$768KInventory−$17.5MPayables−$22.7MAccrued liabilities$45KPrepaid and other assets−$4.2MOther liabilities$4.1MIncome taxes payable$147KOperating cash flow−$24.3M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 2026815942125
Q2 2026815748117
Q1 2026613835108
Q4 2025514936118
Q3 2025615841123
Q2 2025513936108
Q1 2025414032112
Q4 2024315535123

Every quarter

QuarterOperating cash flowCapital spendingBuybacksCash drawn (+) / kept (−)Free cash flow
Q3 2026−$24.3M−$3.1M−$73K$26.9M−$27.4M
Q2 2026−$8.2M−$2.8M—$24.3M−$11.1M
Q1 2026$49.4M−$5.0M—−$32.6M$44.5M
Q4 2025−$10.2M−$3.1M—$12.2M−$13.3M
Q3 2025$11.8M−$4.3M−$283K−$4.7M$7.5M
Q2 2025$12.6M−$2.2M—−$9.9M$10.4M
Q1 2025$45.1M−$1.8M—−$44.2M$43.4M
Q4 2024$3.9M−$1.8M$98K−$3.8M$2.1M

Revolve Group: income statement and cash flow

Revolve Group, Q3 2026: revenue $356M (+20% year over year), operating margin 5.3%. The chart follows the revenue to costs, profit and cash.

Revolve Group: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.