RVLV

EX-99.1

2 rvlv-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Revolve Group Announces First Quarter 2026 Financial Results

Los Angeles, CA – May 5, 2026 - Revolve Group, Inc. (NYSE: RVLV), the next-generation fashion retailer for Millennial and Generation Z consumers, today announced financial results for the first quarter ended March 31, 2026.

“Outstanding execution by our team within a dynamic operating environment led to strong first quarter results and continued market share gains, highlighted by our net sales increasing 16% year-over-year, earnings per share increasing 25% year-over-year, and $49 million in operating cash flow that significantly strengthened our pristine balance sheet,” said co-founder and co-CEO Mike Karanikolas.

“Beyond the outstanding quarterly results, I am most excited about our visible progress in longer-term initiatives, such as international expansion and advancing our use of AI technology, that have become key contributors to our momentum and reinforce my confidence that we will continue to drive profitable growth in the future,” said co-founder and co-CEO Michael Mente. “We have also made exciting advances in key growth initiatives that we believe could be game changers longer term, including the launch of our first-ever namesake label, REVOLVE Los Angeles, laying the foundation to expand our physical retail footprint to Miami, and an incredibly successful launch of Grow-Good beauty products created in partnership with Cardi B.”

First Quarter 2026 Financial Summary

Three Months Ended March 31,

2026

2025

YoY Change

(in thousands, except percentages)

Net sales

$

342,880

$

296,709

16%

Gross profit

$

180,615

$

154,286

17%

Gross margin

52.7

%

52.0

%

Net income

$

13,758

$

11,406

21%

Adjusted EBITDA (non-GAAP financial measure)

$

21,062

$

19,299

9%

Net cash provided by operating activities

$

49,420

$

45,145

9%

Free cash flow (non-GAAP financial measure)

$

44,901

$

42,804

5%

Operational Metrics

Three Months Ended March 31,

2026

2025

YoY Change

(in thousands, except average order value and percentages)

Active customers (trailing 12 months)

2,926

2,703

8%

Total orders placed

2,581

2,308

12%

Average order value

$

298

$

295

1%

Recent Business Developments

• We successfully introduced REVOLVE Los Angeles, our first-ever namesake label, supported by impactful and multi-faceted marketing investments. We believe this exciting new chapter for our owned brand assortment creates a compelling foundation for continued profitable growth in the coming years.

• We launched Grow-Good Beauty hair care products in partnership with Grammy award winning performer and global style icon, Cardi B, that sold out in less than an hour. Just a few weeks after the products launched, Grow-Good Beauty has already attracted more than 640,000 followers on Instagram.

• We entered into a lease for our third retail store, in an outstanding Miami location, one of our strongest U.S. markets. It is expected to open by the end of 2026.

Additional First Quarter 2026 Metrics and Results Commentary

• Trailing 12-month active customers grew to 2,926,000 as of March 31, 2026, an increase of 8% year-over-year, our highest year-over-year growth rate in more than two years.

• Net sales were $342.9 million, a year-over-year increase of 16%, and a sequential improvement from the 10% increase year-over-year reported in the fourth quarter of 2025.

• Gross profit was $180.6 million, a year-over-year increase of 17%.

• Gross margin was 52.7%, a year-over-year increase of 68 basis points that was primarily driven by margin expansion in the FWRD segment.

• Fulfillment costs were $10.8 million, or 3.1% of net sales, compared to $9.4 million, or 3.2% of net sales, in the first quarter of 2025.

• Selling and distribution costs were $57.7 million, or 16.8% of net sales, compared to $50.0 million, or 16.8% of net sales, in the first quarter of 2025.

• Marketing costs were $54.2 million, or 15.8% of net sales, compared to $42.4 million, or 14.3% of net sales, in the first quarter of 2025. The increased marketing investment year-over-year as a percentage of net sales primarily reflects incremental brand marketing investments to support various growth initiatives, including the launch of our first-ever namesake label, REVOLVE Los Angeles, within our owned brand assortment.

• General and administrative costs were $42.3 million, or 12.3% of net sales, compared to $37.9 million, or 12.8% of net sales, in the first quarter of 2025. The increased efficiency year-over-year as a percentage of net sales primarily reflects scale efficiencies, with growth in net sales outpacing growth in general and administrative expenses.

• Other income, net increased to $2.7 million from $0.9 million in the first quarter of 2025.

• Net income was $13.8 million, a year-over-year increase of 21%.

• Adjusted EBITDA was $21.1 million, a year-over-year increase of 9%.

• Diluted earnings per

8-K

false000174661800017466182026-02-242026-02-24

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 24, 2026

REVOLVE GROUP, INC.

(Exact name of Registrant as Specified in Its Charter)

Delaware

001-38927

46-1640160

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

12889 Moore Street Cerritos, California

90703

(Address of Principal Executive Offices)

(Zip Code)

(562) 677-9480 (Registrant’s Telephone Number, Including Area Code) Not Applicable (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:

Title of each class:

Trading Symbol(s):

Name of each exchange on which registered:

Class A Common Stock, par value $0.001 per share

RVLV

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On February 24, 2026, Revolve Group, Inc. issued a press release announcing its financial results for its fourth quarter and fiscal year ended December 31, 2025. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information included in Item 2.02 of this Current Report on Form 8-K and the exhibit attached hereto are being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in any such filing.

Item 9.01 Financial Statements and Exhibits. (d) Exhibits

Exhibit No.

Description

99.1

Press Release dated February 24, 2026

104

Cover page interactive data file (embedded with the inline XBRL document)

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

REVOLVE GROUP, INC.

Date: February 24, 2026

By:

/s/ JESSE TIMMERMANS

Jesse Timmermans

Chief Financial Officer

3

8-K

false000174661800017466182025-11-042025-11-04

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 4, 2025

REVOLVE GROUP, INC.

(Exact name of Registrant as Specified in Its Charter)

Delaware

001-38927

46-1640160

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

12889 Moore Street Cerritos, California

90703

(Address of Principal Executive Offices)

(Zip Code)

(562) 677-9480 (Registrant’s Telephone Number, Including Area Code) Not Applicable (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:

Title of each class:

Trading Symbol(s):

Name of each exchange on which registered:

Class A Common Stock, par value $0.001 per share

RVLV

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On November 4, 2025, Revolve Group, Inc. issued a press release announcing its financial results for its third quarter ended September 30, 2025. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information included in Item 2.02 of this Current Report on Form 8-K and the exhibit attached hereto are being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in any such filing.

Item 9.01 Financial Statements and Exhibits. (d) Exhibits

Exhibit No.

Description

99.1

Press Release dated November 4, 2025

104

Cover page interactive data file (embedded with the inline XBRL document)

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

REVOLVE GROUP, INC.

Date: November 4, 2025

By:

/s/ JESSE TIMMERMANS

Jesse Timmermans

Chief Financial Officer

3