Filing Flows › Revolve Group (RVLV) › Q1 2026
Revolve Group (RVLV) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Revolve Group (RVLV) reported revenue of $343M for the first quarter 2026 (Q1 2026), +16% from a year earlier and +6% from the quarter before. Operating margin was 4.6%, net earnings $14.4M (4.2% of revenue).
Revolve Group, Q1 2026: revenue $343M (+16% year over year), operating margin 4.6%, net earnings $14.4M, operating cash flow $49.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $343M | +6% | +16% |
| Gross profit | $181M | +4% | +17% |
| Operating profit | $15.7M | -24% | +7% |
| Net earnings | $14.4M | -23% | +21% |
| Operating cash flow | $49.4M | — | +9% |
| Free cash flow | $44.9M | — | — |
What changed
Revenue was $342.9M in Q1 2026, up 16% year over year and up 6% from the previous quarter. Fashion Apparel was the largest line at 47% of revenue. Fashion Apparel added $23.9M year over year (up 17%), 52% of the total change.
Gross margin was 52.7%, up 0.7 points from Q1 2025. Operating profit was $15.7M, a 4.6% margin (down 0.4 points year over year). Of the extra revenue versus Q1 2025, 2% reached operating profit, below the 5% margin then. Operating expenses grew 18% against revenue growth of 16%. The fastest-growing cost line was Other operating costs (+26%). Net earnings were $14.4M, up 21% year over year ($13.8M including minority interests, which bore $594K of losses). The effective tax rate was 25.5%.
Operating cash flow was $49.4M (up 9% year over year), 359% of net income including minority interests. Non-cash charges added back $1.3M of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items added $31.1M. After purchases of property and equipment, net ($4.5M), free cash flow as the company reports it was $44.9M.
Questions
What was Revolve Group's revenue in the first quarter 2026?
Revolve Group (RVLV) reported revenue of $343M for the first quarter 2026 (Q1 2026), +16% from a year earlier and +6% from the quarter before.
Was Revolve Group profitable in the first quarter 2026?
Operating profit was $15.7M (4.6% of revenue) and net earnings $14.4M.
Source: Revolve Group 10-Q on SEC EDGAR.