Revolve Group, Inc.
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 25, 2026
RVLV$19.95-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEM ENTS OF CASH FLOWS
(In thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Operating activities: | |||
| Net income | $61,146 | $48,771 | $28,147 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 4,601 | 4,429 | 5,094 |
| Rental product depreciation | 1,792 | 736 | — |
| Gain on sale of rental product | (294) | — | — |
| Equity-based compensation | 10,566 | 10,028 | 5,839 |
| Loss on disposal of subsidiary | 2,425 | — | — |
| Deferred income taxes, net | (2,899) | (6,855) | (5,251) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (6,223) | 2,067 | (6,984) |
| Inventories | (23,552) | (24,791) | 11,637 |
| Income taxes receivable | (522) | 430 | 1,349 |
| Prepaid expenses and other current assets | (9,983) | 1,812 | (5,649) |
| Other assets | (11,389) | (13,593) | (1,365) |
| Accounts payable | 11,846 | (2,723) | (2,968) |
| Income taxes payable | 1,353 | 4 | (229) |
| Accrued expenses | 5,930 | (2,190) | 2,448 |
| Returns reserve | 7,324 | 5,881 | 399 |
| Right-of-use lease assets and lease liabilities | (684) | (77) | 3,010 |
| Other current liabilities | 7,959 | 2,763 | 7,865 |
| Net cash provided by operating activities | 59,396 | 26,692 | 43,342 |
| Investing activities: | |||
| Purchases of property and equipment | (11,405) | (5,649) | (4,198) |
| Purchases of rental product | (3,573) | (3,038) | — |
| Proceeds from sale of rental product | 1,766 | — | — |
| Cash divested upon disposal of subsidiary | (1,657) | — | — |
| Cash paid for acquisition | — | (427) | — |
| Net cash used in investing activities | (14,869) | (9,114) | (4,198) |
| Financing activities: | |||
| Proceeds from the exercise of stock options, net of tax withholdings on share-based payment awards | 637 | 6,415 | 536 |
| Repurchases of Class A common stock | (2,024) | (11,778) | (30,913) |
| Net cash used in financing activities | (1,387) | (5,363) | (30,377) |
| Effect of exchange rate changes on cash and cash equivalents | 3,459 | (1,064) | 1,958 |
| Net increase in cash and cash equivalents | 46,599 | 11,151 | 10,725 |
| Cash, cash equivalents and restricted cash, beginning of year | 256,600 | 245,449 | 234,724 |
| Cash, cash equivalents and restricted cash, end of year | $303,199 | $256,600 | $245,449 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid during the period for: | |||
| Income taxes, net of refund | $22,770 | $22,203 | $12,995 |
| Operating leases | $12,927 | $9,305 | $7,012 |
| Supplemental disclosure of non-cash activities: | |||
| Lease assets obtained in exchange for new operating lease liabilities | $6,096 | $7,180 | $20,452 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.