---
title: "Revolve | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 342.88 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285302947.md"
datetime: "2026-05-06T03:15:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285302947.md)
  - [en](https://longbridge.com/en/news/285302947.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285302947.md)
---

# Revolve | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 342.88 M

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.

### Financial Summary (Three Months Ended March 31, 2026 vs. 2025)

#### Operational Metrics

-   **Net income:** Revolve Group, Inc. reported net income of $13,758 thousand for Q1 2026, a 21% increase from $11,406 thousand in Q1 2025.
-   **Gross profit:** Gross profit increased by 17% year-over-year to $180,615 thousand in Q1 2026, compared to $154,286 thousand in Q1 2025.
-   **Gross margin:** The gross margin was 52.7% in Q1 2026, an increase of 68 basis points from 52.0% in Q1 2025, primarily driven by margin expansion in the FWRD segment.
-   **Adjusted EBITDA:** Adjusted EBITDA grew by 9% year-over-year to $21,062 thousand in Q1 2026, up from $19,299 thousand in Q1 2025.
-   **Other income, net:** Other income, net was $2,676 thousand in Q1 2026, compared to $893 thousand in Q1 2025.

#### Operating Costs

-   **Fulfillment costs:** Fulfillment costs were $10,772 thousand (3.1% of net sales) in Q1 2026, compared to $9,358 thousand (3.2% of net sales) in Q1 2025.
-   **Selling and distribution costs:** Selling and distribution costs were $57,699 thousand (16.8% of net sales) in Q1 2026, compared to $49,956 thousand (16.8% of net sales) in Q1 2025.
-   **Marketing costs:** Marketing costs increased to $54,226 thousand (15.8% of net sales) in Q1 2026 from $42,402 thousand (14.3% of net sales) in Q1 2025, reflecting increased brand marketing investments.
-   **General and administrative costs:** General and administrative costs were $42,263 thousand (12.3% of net sales) in Q1 2026, showing improved efficiency compared to $37,882 thousand (12.8% of net sales) in Q1 2025.

#### Cash Flow

-   **Net cash provided by operating activities:** This amounted to $49,420 thousand in Q1 2026, a 9% increase from $45,145 thousand in Q1 2025.
-   **Free cash flow:** Free cash flow was $44,901 thousand in Q1 2026, up 5% from $42,804 thousand in Q1 2025.

#### Balance Sheet Highlights

-   **Cash and cash equivalents:** As of March 31, 2026, cash and cash equivalents were $335,845 thousand, an 11% increase from $303,199 thousand (including restricted cash) at December 31, 2025, and a 12% increase from $300,831 thousand at March 31, 2025. The company’s balance sheet remains debt-free.
-   **Inventory:** Inventory as of March 31, 2026, was $245,077 thousand, a 3% decrease from December 31, 2025, but a 15% increase year-over-year from $213,700 thousand at March 31, 2025. This year-over-year increase is consistent with the 16% net sales growth.

#### Segment Revenue

-   **REVOLVE segment net sales:** Net sales for the REVOLVE segment were $293,243 thousand in Q1 2026, a 15% year-over-year increase from $254,395 thousand.
-   **FWRD segment net sales:** The FWRD segment recorded net sales of $49,637 thousand in Q1 2026, increasing 17% year-over-year from $42,314 thousand.
-   **Domestic net sales:** Domestic net sales reached $273,989 thousand, a 15% year-over-year increase from $239,243 thousand.
-   **International net sales:** International net sales grew by 20% year-over-year to $68,891 thousand from $57,466 thousand.

#### Unique Operational Metrics

-   **Active customers (trailing 12 months):** Active customers increased by 8% year-over-year to 2,926 thousand as of March 31, 2026, compared to 2,703 thousand in the prior year.
-   **Total orders placed:** Total orders placed rose by 12% year-over-year to 2,581 thousand in Q1 2026, from 2,308 thousand in Q1 2025.
-   **Average order value:** The average order value slightly increased by 1% to $298 in Q1 2026, from $295 in Q1 2025.

#### Outlook / Guidance

Revolve Group, Inc. expects full year 2026 gross margin to be between 53.5% and 54.0%, with fulfillment expenses at 3.2% to 3.4% of net sales, and general and administrative expenses ranging from $164 million to $168 million. For the second quarter of 2026, gross margin is projected to be 54.1% to 54.6%, fulfillment expenses at 3.2% of net sales, and general and administrative expenses at $43.0 million.

### Related Stocks

- [RVLV.US](https://longbridge.com/en/quote/RVLV.US.md)

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