Revolve Group Inc
For the period ended Sep 30, 2024. Filed Nov 5, 2024.
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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$19.95-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(In thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities: | ||
| Net income | $37,001 | $24,653 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 3,501 | 3,752 |
| Rental product depreciation | 416 | — |
| Equity-based compensation | 6,751 | 4,229 |
| Bargain purchase gain | (1,883) | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 878 | (7,193) |
| Inventories | (33,704) | 12,347 |
| Income taxes receivable | (2,433) | (4,581) |
| Prepaid expenses and other current assets | (11,006) | (3,704) |
| Other assets | (459) | (434) |
| Accounts payable | 12,567 | (6,310) |
| Income taxes payable | 674 | 1,206 |
| Accrued expenses | (2,506) | 4,373 |
| Returns reserve | 12,407 | 8,756 |
| Right-of-use lease assets and current and non-current lease liabilities | (592) | 2,236 |
| Other current liabilities | 1,162 | 7,888 |
| Net cash provided by operating activities | 22,774 | 47,218 |
| Investing activities: | ||
| Purchases of property and equipment | (3,819) | (3,114) |
| Purchases of rental product | (2,781) | — |
| Cash paid for acquisition | (427) | — |
| Net cash used in investing activities | (7,027) | (3,114) |
| Financing activities: | ||
| Proceeds from the exercise of stock options, net of tax withholdings on share-based payment awards | 890 | 486 |
| Repurchases of Class A common stock | (11,876) | (12,584) |
| Net cash used in financing activities | (10,986) | (12,098) |
| Effect of exchange rate changes on cash and cash equivalents | 2,631 | 169 |
| Net increase in cash and cash equivalents | 7,392 | 32,175 |
| Cash and cash equivalents, beginning of period | 245,449 | 234,724 |
| Cash and cash equivalents, end of period | $252,841 | $266,899 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid during the period for: | ||
| Income taxes, net of refund | $14,339 | $11,580 |
| Operating leases | $7,185 | $5,649 |
| Supplemental disclosure of non-cash activities: | ||
| Lease assets obtained in exchange for new operating lease liabilities | $7,180 | $20,452 |
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