Revolve Group, Inc. reported a significant increase in financial performance for the first quarter of 2026, with net sales reaching $342.9 million, a 15.6% increase from $296.7 million in the same period last year. The company's gross profit also rose to $180.6 million, reflecting a gross margin of 52.7%, up from 52.0% in the prior year. Net income attributable to Revolve Group stockholders was $14.4 million, or $0.20 per diluted share, compared to $11.8 million, or $0.16 per diluted share, in the first quarter of 2025. The increase in revenue was primarily driven by a higher number of orders shipped and an increase in average order value.
In terms of operational metrics, the company reported an increase in active customers, totaling 2.9 million, up from 2.7 million a year earlier. Total orders placed also rose to 2.6 million, compared to 2.3 million in the previous year. The average order value increased slightly to $298 from $295. The REVOLVE segment, which constitutes the majority of the company's sales, generated $293.2 million, a 15.3% increase, while the FWRD segment saw a 17.3% increase to $49.6 million.
Strategically, Revolve Group made a notable investment of approximately $11 million in a privately held apparel company, which is expected to enhance its market position. The company also amended its credit agreement to extend the maturity date to February 2031, providing additional financial flexibility. Despite these positive developments, the company faces challenges, including rising costs due to tariffs and inflation, which could impact future profitability.
Looking ahead, Revolve Group expressed cautious optimism about its growth trajectory, emphasizing the importance of effectively managing inventory and responding to changing consumer preferences. The company is focused on expanding its product offerings and enhancing customer engagement through innovative marketing strategies. However, it acknowledged potential risks related to macroeconomic conditions, including inflation and consumer spending patterns, which could affect its financial performance in the coming quarters.
About Revolve Group, Inc.
Revolve Group, Inc. is a leading online fashion retailer targeting Millennial and Generation Z consumers. It offers over 110,000 curated apparel, footwear, beauty, accessories, and home products through a data-driven platform. The company emphasizes influencer marketing, owned brands, and personalized customer experiences to drive discovery, loyalty, and growth in the premium lifestyle and luxury sectors.
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