Revolve Group, Inc.
For the period ended Mar 31, 2026. Filed May 5, 2026.
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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.
Mar 31, 2026 · Filed May 5, 2026
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)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities: | ||
| Net income | $13,758 | $11,406 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 1,349 | 1,018 |
| Rental product depreciation | 560 | 351 |
| Gain on sale of rental product | (250) | — |
| Equity-based compensation | 3,249 | 2,753 |
| Equity earnings in unconsolidated subsidiaries | (136) | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (9,893) | (6,482) |
| Inventories | 6,767 | 15,555 |
| Income taxes receivable | (233) | 73 |
| Prepaid expenses and other current assets | (5,206) | (4,513) |
| Other assets | 11 | (3,989) |
| Accounts payable | 14,612 | 12,256 |
| Income taxes payable | 3,286 | 2,639 |
| Accrued expenses | 7,367 | (559) |
| Returns reserve | 4,802 | 8,866 |
| Right-of-use lease assets and current and non-current lease liabilities | (280) | 37 |
| Other current liabilities | 9,657 | 5,734 |
| Net cash provided by operating activities | 49,420 | 45,145 |
| Investing activities: | ||
| Purchases of property and equipment | (4,953) | (1,779) |
| Purchases of rental product | — | (562) |
| Proceeds from sale of rental product | 434 | — |
| Investment in equity method investees | (10,964) | — |
| Net cash used in investing activities | (15,483) | (2,341) |
| Financing activities: | ||
| Proceeds from the exercise of stock options, net of tax withholdings on share-based payment awards | (540) | (531) |
| Net cash used in financing activities | (540) | (531) |
| Effect of exchange rate changes on cash and cash equivalents | (751) | 1,958 |
| Net increase in cash and cash equivalents | 32,646 | 44,231 |
| Cash, cash equivalents and restricted cash, beginning of period | 303,199 | 256,600 |
| Cash, cash equivalents and restricted cash, end of period | $335,845 | $300,831 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid during the period for: | ||
| Income taxes, net of refund | $1,830 | $468 |
| Operating leases | $3,585 | $2,841 |
| Supplemental disclosure of non-cash activities: | ||
| Lease assets obtained in exchange for new operating lease liabilities | $3,500 | $6,096 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.