Revenue: As of FY2026 Q1, the actual value is USD 342.88 M, beating the estimate of USD 327.6 M.EPS: As of FY2026 Q1, the actual value is USD 0.2, beating the estimate of USD 0.1868.EBIT: As of FY2026 Q1, the actual value is USD 15.66 M.<h4>Segment Revenue</h4><ul><li>Total Net Sales: Revolve Group, Inc.’s total net sales increased by 15.6% to $342,880 thousand in 2026 from $296,709 thousand in 2025.<ul><li>REVOLVE Segment: Net sales increased by 15.3% to $293,243 thousand in 2026 from $254,395 thousand in 2025, contributing 85.5% of total net sales in 2026.</li><li>FWRD Segment: Net sales increased by 17.3% to $49,637 thousand in 2026 from $42,314 thousand in 2025, contributing 14.5% of total net sales in 2026.</li></ul></li><li>Net Sales by Geographic Area (Three Months Ended March 31, 2026):<ul><li>United States: Net sales were $273,989 thousand, up 14.5% from $239,243 thousand in 2025, representing 79.9% of total net sales.</li><li>Rest of the world: Net sales were $68,891 thousand, up 19.9% from $57,466 thousand in 2025, representing 20.1% of total net sales.</li></ul></li><li>Net Sales by Product Category (Three Months Ended March 31, 2026):<ul><li>Fashion Apparel: $162,255 thousand (47% of net sales).</li><li>Dresses: $95,119 thousand (28% of net sales).</li><li>Handbags, Shoes and Accessories: $65,487 thousand (19% of net sales).</li><li>Beauty: $16,220 thousand (5% of net sales).</li><li>Other: $3,799 thousand (1% of net sales).</li></ul></li></ul><h4>Operational Metrics</h4><ul><li>Gross Profit: Total gross profit increased to $180,615 thousand in 2026 from $154,286 thousand in 2025.<ul><li>REVOLVE Segment Gross Profit: $159,527 thousand in 2026 vs. $138,785 thousand in 2025.</li><li>FWRD Segment Gross Profit: $21,088 thousand in 2026 vs. $15,501 thousand in 2025.</li></ul></li><li>Gross Margin: Increased to 52.7% in 2026 from 52.0% in 2025, primarily due to shallower markdowns and a lower mix of third-party brand sales.</li><li>Net Income: $13,758 thousand in 2026 vs. $11,406 thousand in 2025.</li><li>Net Income Attributable to Revolve Group, Inc. stockholders: $14,352 thousand in 2026 vs. $11,819 thousand in 2025.</li><li>Operating Expenses (Three Months Ended March 31):<ul><li>Fulfillment expenses: Increased by 15.1% to $10,772 thousand in 2026 from $9,358 thousand in 2025, representing 3.1% of net sales in 2026.</li><li>Selling and distribution expenses: Increased by 15.5% to $57,699 thousand in 2026 from $49,956 thousand in 2025, remaining flat at 16.8% of net sales in both periods.</li><li>Marketing expenses: Increased by 27.9% to $54,226 thousand in 2026 from $42,402 thousand in 2025, representing 15.8% of net sales in 2026.</li><li>General and administrative expenses: Increased by 11.6% to $42,263 thousand in 2026 from $37,882 thousand in 2025, representing 12.4% of net sales in 2026.</li></ul></li><li>Income from Operations: $15,655 thousand in 2026 vs. $14,688 thousand in 2025.</li><li>Operating Margin: Decreased to 4.6% in 2026 from 4.9% in 2025.</li><li>Adjusted EBITDA: Increased to $21,062 thousand in 2026 from $19,299 thousand in 2025.</li></ul><h4>Cash Flow</h4><ul><li>Net cash provided by operating activities: $49,420 thousand in 2026 vs. $45,145 thousand in 2025.</li><li>Net cash used in investing activities: -$15,483 thousand in 2026 vs. -$2,341 thousand in 2025, primarily due to an $11,000 thousand investment in an equity method investee in 2026.</li><li>Net cash used in financing activities: -$540 thousand in 2026 vs. -$531 thousand in 2025.</li><li>Free Cash Flow: $44,901 thousand in 2026 vs. $42,804 thousand in 2025.</li></ul><h4>Unique Metrics</h4><ul><li>Active Customers: Increased to 2,926 thousand in 2026 from 2,703 thousand in 2025.</li><li>Total Orders Placed: Increased to 2,581 thousand in 2026 from 2,308 thousand in 2025.</li><li>Average Order Value: Increased to $298 in 2026 from $295 in 2025.</li><li>Inventory: $245,077 thousand as of March 31, 2026, compared to $251,844 thousand as of December 31, 2025.</li><li>Returns Reserve: Ending balance was $81,787 thousand as of March 31, 2026, compared to $78,527 thousand as of March 31, 2025.</li><li>Loyalty Club Liability: $8,519 thousand as of March 31, 2026, compared to $7,620 thousand as of December 31, 2025.</li><li>Equity-based Compensation Expense: $3,249 thousand in 2026 vs. $2,753 thousand in 2025.<ul><li>Unrecognized compensation cost for unvested RSUs and time-based options was $15,400 thousand as of March 31, 2026, to be recognized over 3.5 years.</li></ul></li></ul><h4>Future Outlook and Strategy</h4>Revolve Group, Inc. plans to invest in international markets to elevate service levels and customer experience while maintaining focus on the U.S. market. The company will also make capital investments in inventory, fulfillment centers, and logistics infrastructure to support customer growth and new brand launches. Furthermore, Revolve Group, Inc. intends to expand its operations and physical store presence, building on its existing brick-and-mortar stores in Aspen, Colorado, and Los Angeles, California.

Revolve | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 342.88 M