# Revolve Group, Inc. (RVLV)

> Source: Nexqual · https://nexqual.com/RVLV · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Revolve Group, Inc. (RVLV), nexqual.com/RVLV" · informational, not investment advice.

**Price:** USD 22.69 (+3.09% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 22.01 · day 22.17–22.77 · 52w 17.35–31.68 · market cap $1.61B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.31B, net income $72.6M (5.5% margin), free cash flow $27.6M (SEC filings).
- Valuation: P/E 22.2x (avg 42.3x at the last 3 fiscal year-ends).
- Insider open-market sales, last ~7 months: 6 Form 4 filings, $10.7M; 0 not under a Rule 10b5-1 plan ($0K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.40 on a 1–5 scale) (15 analysts), mean target USD 30.62 (range 24–37).
- Total return with dividends: 1Y +1.2% vs S&P 500 +14.9%; 5Y -67.7% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD 0.24, revenue estimate $345M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $891M | $1.10B | $1.07B | $1.13B | $1.23B | $1.31B |
| Gross profit | $490M | $592M | $554M | $593M | $656M | — |
| Operating income | $105M | $73.1M | $22.1M | $51.4M | $74.3M | $79.3M |
| Net income | $99.8M | $58.7M | $28.1M | $49.6M | $61.7M | $72.6M |
| EPS (diluted) | $1.34 | $0.79 | $0.38 | $0.69 | $0.86 | — |
| Free cash flow | $60.1M | $18.3M | $39.1M | $21.0M | $48.0M | $27.6M |
| Gross margin | 55.0% | 53.8% | 51.9% | 52.5% | 53.5% | — |
| Operating margin | 11.8% | 6.6% | 2.1% | 4.6% | 6.1% | 6.1% |
| Net margin | 11.2% | 5.3% | 2.6% | 4.4% | 5.0% | 5.5% |
| Revenue growth | +53.5% | +23.6% | -3.0% | +5.7% | +8.5% | — |
| Cash + short-term investments | $218M | $235M | $245M | $257M | $292M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 22.2x · P/S 1.2x · P/FCF 58.4x · P/B 3.0x · FCF yield 1.71% · Earnings yield 4.50%
P/E at fiscal year-ends: Dec 2025 35.3x, Dec 2024 48.4x, Dec 2023 43.3x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
6 of 6 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-04-27…2026-04-29 | Mente Michael | CO-CHIEF EXECUTIVE OFFICER | 119,241 | $3.1M | 62% | Yes (adopted May 29, 2025) | Too little history (no open-market trades in 2023) |
| 2026-04-27…2026-04-29 | Karanikolas Michael | CO-CHIEF EXECUTIVE OFFICER | 119,241 | $3.1M | 49.2% | Yes (adopted May 29, 2025) | Too little history (no open-market trades in 2023) |
| 2026-04-27…2026-04-29 | Mmmk Development, Inc. |  | 119,241 | $3.1M | 100% | Yes (adopted May 29, 2025) | Too little history (no open-market trades in 2023) |
| 2026-04-09 | Mente Michael | CO-CHIEF EXECUTIVE OFFICER | 15,972 | $414K | 18% | Yes (adopted May 29, 2025) | Too little history (no open-market trades in 2023) |
| 2026-04-09 | Karanikolas Michael | CO-CHIEF EXECUTIVE OFFICER | 15,972 | $414K | 11.5% | Yes (adopted May 29, 2025) | Too little history (no open-market trades in 2023) |
| 2026-04-09 | Mmmk Development, Inc. |  | 15,972 | $414K | 100% | Yes (adopted May 29, 2025) | Too little history (no open-market trades in 2023) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.40 on a 1–5 scale), 15 analysts; mean target USD 30.62 (low 24, high 37).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-16 | Raymond James | Target lowered | Outperform | $28 → $25 |
| 2026-08-21 | BTIG | Reiterated | Buy | $35 |
| 2026-08-05 | UBS | Target raised | Neutral | $28 → $29 |
| 2026-08-05 | TD Cowen | Target raised | Buy | $28 → $31 |
| 2026-08-05 | Piper Sandler | Target raised | Overweight | $27 → $30 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +1.2% | -67.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +1.2% | -20.2% |
| Volatility (annualized) | 49.8% | 56.0% |
| Max drawdown | -44.3% (Dec 2025→May 2026) | -85.4% (Nov 2021→Sep 2023) |

## Peers (Internet Retail)
LQDT (Liquidity Services, Inc.) USD 44.3 +1.70% · HEPS (D-Market Electronic Services & ) USD 2.79 +1.45% · PTRN (Pattern Group Inc. - Series A) USD 16.53 -5.27% · RERE (ATRenew Inc.) USD 3.77 -4.31% · JMIA (Jumia Technologies AG) USD 5.91 -1.01% · VIPS (Vipshop Holdings Limited) USD 12.77 +1.43%

## More
Full page: https://nexqual.com/RVLV · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in RVLV's own 10-K filed 2026-02-25 (https://www.sec.gov/Archives/edgar/data/1746618/000119312526071307/rvlv-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | UPS (UPS) | "A significant portion of our customers' experience depends on third parties outside of our control, including vendors, suppliers and logistics providers such as UPS, FedEx and DHL." |
| Supplier | FedEx (FDX) | "A significant portion of our customers' experience depends on third parties outside of our control, including vendors, suppliers and logistics providers such as UPS, FedEx and DHL." |
| Customer | Alphabet (Google) (GOOGL) | "For example, in March 2025, Google introduced an experimental AI mode within its search platform and other platforms have or may in the future launch similar functionality, which may change consumer search behavior and a…" |
| Customer | PayPal (PYPL) | "We accept payments using a variety of methods, including credit card, gift cards, debit card, PayPal and other third-party payment vendors, which subjects us to certain regulations and the risk of fraud, and we may in th…" |
| Customer | ByteDance | "We also sell our merchandise to customers in China and use Chinese-owned social media and payment platforms such as TikTok, WeChat and AliPay to market to and transact with customers inside and outside of China." |
| Competitor | Apple (AAPL) | "In addition, our future growth and our results of operations could suffer if we experience difficulties in integrating our mobile applications into mobile devices, if problems arise with our relationships with providers …" |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Revolve | $302.5M | 87.1% | +12.7% |
| Forward | $44.9M | 12.9% | +10.7% |
| Total revenue | $347.4M | 100% | — |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Fashion Apparel | $154.8M | 44.6% | +15.8% |
| Dresses | $100.3M | 28.9% | +5.9% |
| Handbags Shoes & Accessories | $67.6M | 19.5% | +7.4% |
| Beauty | $14.3M | 4.1% | +11.2% |
| Manufactured Product Other | $10.4M | 3.0% | +120.4% |
| Breakage On Store Credit & Gift Cards | $1.3M | 0.4% | +0.0% |
| Total revenue | $347.4M | 100% | — |

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $269.1M | 77.4% | +11.4% |
| Non Us | $78.4M | 22.6% | +16.3% |
| Total revenue | $347.4M | 100% | — |

## Company outlook (8-K filed 2026-08-04)

- "Based on information available to us as of August 4, 2026, we are providing the following guidance for the third quarter and full year ending December 31, 2026."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.23 | $0.27 | -11.3% | $344.9M | 8 |
| Next quarter (ends 2026-12-31) | $0.23 | $0.23 | -3.7% | $356.0M | 8 |
| Current fiscal year (ends 2026-12-31) | $0.91 | $0.92 | -1.2% | $1.39B | 7 |
| Next fiscal year (ends 2027-12-31) | $1.14 | $1.07 | +5.9% | $1.52B | 8 |