Filing Flows › Revolve Group (RVLV) › Q2 2025
Revolve Group (RVLV) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Revolve Group (RVLV) reported revenue of $309M for the second quarter 2025 (Q2 2025), +9% from a year earlier and +4% from the quarter before. Operating margin was 5.8%, net earnings $10.2M (3.3% of revenue).
Revolve Group, Q2 2025: revenue $309M (+9% year over year), operating margin 5.8%, net earnings $10.2M, operating cash flow $12.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $309M | +4% | +9% |
| Gross profit | $167M | +8% | +9% |
| Operating profit | $18.0M | +23% | +10% |
| Net earnings | $10.2M | -14% | -34% |
| Operating cash flow | $12.6M | -72% | — |
| Free cash flow | $9.6M | — | — |
What changed
Revenue was $309.0M in Q2 2025, up 9% year over year and up 4% from the previous quarter. Fashion Apparel was the largest line at 43% of revenue. Fashion Apparel added $15.7M year over year (up 13%), 59% of the total change.
Gross margin was 54.1%, unchanged from a year earlier. Operating profit was $18.0M, a 5.8% margin (unchanged year over year). Of the extra revenue versus a year earlier, 6% reached operating profit, above the 6% margin then. Operating expenses grew 9% against revenue growth of 9%. The fastest-growing cost line was General & admin (+14%). Net earnings were $10.2M, down 34% year over year. The effective tax rate was 33.7%.
Operating cash flow was $12.6M, 126% of net earnings. Non-cash charges added back $1.4M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items used $1.1M. After purchases of property and equipment ($2.2M) and purchases of rental product ($806K), free cash flow as the company reports it was $9.6M.
Questions
What was Revolve Group's revenue in the second quarter 2025?
Revolve Group (RVLV) reported revenue of $309M for the second quarter 2025 (Q2 2025), +9% from a year earlier and +4% from the quarter before.
Was Revolve Group profitable in the second quarter 2025?
Operating profit was $18.0M (5.8% of revenue) and net earnings $10.2M.
Source: Revolve Group 10-Q on SEC EDGAR.