Filing Flows › Revolve Group (RVLV) › Q3 2025
Revolve Group (RVLV) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Revolve Group (RVLV) reported revenue of $296M for the third quarter 2025 (Q3 2025), +4% from a year earlier and -4% from the quarter before. Operating margin was 7.1%, net earnings $21.2M (7.2% of revenue).
Revolve Group, Q3 2025: revenue $296M (+4% year over year), operating margin 7.1%, net earnings $21.2M, operating cash flow $11.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $296M | -4% | +4% |
| Gross profit | $162M | -3% | +11% |
| Operating profit | $21.0M | +17% | +47% |
| Net earnings | $21.2M | +112% | +97% |
| Operating cash flow | $11.8M | -6% | +31% |
| Free cash flow | $6.6M | — | — |
What changed
Revenue was $295.6M in Q3 2025, up 4% year over year and down 4% from the previous quarter. Fashion Apparel was the largest line at 44% of revenue. Fashion Apparel added $8.6M year over year (up 7%), 69% of the total change. Handbags Shoes and Accessories declined 3%.
Gross margin was 54.6%, up 3.5 points from a year earlier. Operating profit was $21.0M, a 7.1% margin (up 2.1 points year over year). Of the extra revenue versus a year earlier, 54% reached operating profit, above the 5% margin then. Operating expenses grew 8% against revenue growth of 4%. The fastest-growing cost line was General & admin (+14%). Net earnings were $21.2M, up 93% year over year. The effective tax rate was 25.2%. Non-operating items added $7.3M, 26% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $11.8M (up 31% year over year), 56% of net earnings. Non-cash charges added back $1.0M of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items used $12.7M. After purchases of property and equipment ($4.3M) and purchases of rental product, net of proceeds from the sale of rental product ($871K), free cash flow as the company reports it was $6.6M.
Questions
What was Revolve Group's revenue in the third quarter 2025?
Revolve Group (RVLV) reported revenue of $296M for the third quarter 2025 (Q3 2025), +4% from a year earlier and -4% from the quarter before.
Was Revolve Group profitable in the third quarter 2025?
Operating profit was $21.0M (7.1% of revenue) and net earnings $21.2M.
Source: Revolve Group 10-Q on SEC EDGAR.