Filing Flows › Revolve Group (RVLV) › Q1 2025
Revolve Group (RVLV) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Revolve Group (RVLV) reported revenue of $297M for the first quarter 2025 (Q1 2025), +10% from a year earlier and +1% from the quarter before. Operating margin was 5.0%, net earnings $11.8M (4.0% of revenue).
Revolve Group, Q1 2025: revenue $297M (+10% year over year), operating margin 5.0%, net earnings $11.8M, operating cash flow $45.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $297M | +1% | +10% |
| Gross profit | $154M | 0% | +9% |
| Operating profit | $14.7M | +29% | +57% |
| Net earnings | $11.8M | -4% | +9% |
| Operating cash flow | $45.1M | 12× | +18% |
| Free cash flow | $42.8M | — | — |
What changed
Revenue was $296.7M in Q1 2025, up 10% year over year and up 1% from the previous quarter. Fashion Apparel was the largest line at 47% of revenue. Fashion Apparel added $16.5M year over year (up 14%), 63% of the total change.
Gross margin was 52.0%, down 0.3 points from a year earlier. Operating profit was $14.7M, a 5.0% margin (up 1.5 points year over year). Of the extra revenue versus a year earlier, 21% reached operating profit, above the 3% margin then. Operating expenses grew 6% against revenue growth of 10%. The fastest-growing cost line was General & admin (+15%). Net earnings were $11.8M, up 9% year over year ($11.4M including minority interests, which bore $413K of losses). The effective tax rate was 26.8%.
Operating cash flow was $45.1M (up 18% year over year), 396% of net income including minority interests. Non-cash charges added back $1.0M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items added $30.0M. After purchases of property and equipment ($1.8M) and purchases of rental product ($562K), free cash flow as the company reports it was $42.8M.
Questions
What was Revolve Group's revenue in the first quarter 2025?
Revolve Group (RVLV) reported revenue of $297M for the first quarter 2025 (Q1 2025), +10% from a year earlier and +1% from the quarter before.
Was Revolve Group profitable in the first quarter 2025?
Operating profit was $14.7M (5.0% of revenue) and net earnings $11.8M.
Source: Revolve Group 10-Q on SEC EDGAR.