Revolve Group Inc
For the period ended Sep 30, 2024. Filed Nov 5, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 5, 2024
RVLV$18.53-2.7%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Balance Sheets
(In thousands, except share and per share data)
| September 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $252,841 | $245,449 |
| Accounts receivable, net | 11,527 | 12,405 |
| Inventory | 240,040 | 203,587 |
| Income taxes receivable | 4,058 | 1,625 |
| Prepaid expenses and other current assets | 76,529 | 65,523 |
| Total current assets | 584,995 | 528,589 |
| Property and equipment (net of accumulated depreciation of $21,362 and $17,994 as of September 30, 2024 and December 31, 2023, respectively) | 8,005 | 7,763 |
| Right-of-use lease assets | 38,567 | 36,440 |
| Intangible assets, net | 2,323 | 1,875 |
| Goodwill | 2,042 | 2,042 |
| Other assets | 4,996 | 2,172 |
| Deferred income taxes | 30,005 | 30,005 |
| Total assets | $670,933 | $608,886 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $60,388 | $47,821 |
| Income taxes payable | 674 | — |
| Accrued expenses | 38,208 | 40,714 |
| Returns reserve | 76,187 | 63,780 |
| Current lease liabilities | 8,359 | 6,863 |
| Other current liabilities | 32,141 | 30,442 |
| Total current liabilities | 215,957 | 189,620 |
| Non-current lease liabilities | 34,165 | 34,126 |
| Total liabilities | 250,122 | 223,746 |
| Stockholders’ equity: | ||
| Class A common stock, $0.001 par value; 1,000,000,000 shares authorized as of September 30, 2024 and December 31, 2023; 38,122,782 and 38,693,589 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | 38 | 39 |
| Class B common stock, $0.001 par value; 125,000,000 shares authorized as of September 30, 2024 and December 31, 2023; 32,590,170 and 32,597,119 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | 33 | 33 |
| Additional paid-in capital | 123,883 | 116,713 |
| Retained earnings | 296,332 | 268,355 |
| Non-controlling interest | 525 | — |
| Total stockholders’ equity | 420,811 | 385,140 |
| Total liabilities and stockholders’ equity | $670,933 | $608,886 |
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