Revolve Group (RVLV) Q3 FY2026 earnings: revenue $356 million, up 20.4% on the year

Revolve Group, Inc. (RVLV) reported revenue of $356 million for Q3 FY2026, the quarter ended 30 September 2026, up 20.4% on the same quarter a year earlier. Net income was $14 million, down 31.7% on the year, and diluted earnings per share $0.20. The figures are the company's own, from the 10-Q it filed with the SEC on 3 November 2026.

Revenue

$356 million

+20.4% on the year · +2.5% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

5.3%

7.1% a year earlier

Q4 FY2024Q3 FY2026

Net income

$14 million

-31.7% on the year · -22.1% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$0.20

-31.0% on the year · -23.1% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 raised, 2 narrowed, 5 new.

Net sales grew 20%: Net sales were $356.0 million, up 20%, from 19% more total orders and a lower product return rate, partly offset by lower average order value.
Active customers grew 18%: Trailing 12-month active customers reached 3,243,000, up 18%, the highest year-over-year growth rate in three and a half years.
Adjusted EBITDA fell 7%: Adjusted EBITDA was $23.5 million, down 7% year-over-year. The company reports it as a non-GAAP measure.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	356	347	296	+2.5%	+20.4%
Cost of revenue	164	151	134	+8.9%	+22.4%
Gross profit	192	197	162	-2.5%	+18.7%
Gross margin	53.9%	56.6%	54.6%
Operating income	19.0	22.1	21.0	-13.9%	-9.3%
Operating margin	5.3%	6.4%	7.1%
Pre-tax income	21.3	24.9	28.3	-14.5%	-24.9%
Income tax	5.7	6.2	7.1	-8.2%	-19.5%
Effective tax rate	27.0%	25.1%	25.2%
Net income	14.5	18.6	21.2	-22.1%	-31.7%
Net margin	4.1%	5.3%	7.2%
Diluted EPS	$0.20	$0.26	$0.29	-23.1%	-31.0%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	-24.3	-8.2	11.8
Capital expenditure	3.1	2.8	4.3	+7.8%	-29.1%
Free cash flow	-27.4	-11.1	7.5
Free cash flow margin	-7.7%	-3.2%	2.5%
Cash from investing	-2.6	-6.3	-5.2
Cash from financing	0.1	-9.7	0.2		-33.5%
Depreciation and amortisation	1.7	1.7	1.0	+1.4%	+67.1%
Share-based compensation	2.1	2.3	2.4	-7.9%	-10.2%
Buybacks	0.1	n/a	0.3		-74.2%
Diluted shares, weighted	72m	72m	72m	-0.2%	-0.2%
Shares outstanding at period end	71m	71m	71m	+0.0%	-0.3%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	557	539	490	+3.3%	+13.6%
Debt	0.0	0.0	0.0
Operating lease liabilities	35.2	19.6	25.1	+79.2%	+40.5%
Other liabilities	269	284	236	-5.1%	+14.1%
Total liabilities and equity	862	843	751	+2.2%	+14.7%
Fixed assets	21.1	19.8	13.6	+6.7%	+55.5%
Goodwill	2.0	2.0	2.0	0.0%	0.0%
Intangible assets	2.8	2.8	2.3	+2.2%	+22.5%
Cash and equivalents	285	312	315	-8.6%	-9.8%
Receivables	31.9	31.1	21.1	+2.5%	+50.9%
Inventory	293	276	239	+6.4%	+22.8%
Other assets	226	200	158	+13.0%	+42.9%
Total assets	862	843	751	+2.2%	+14.7%

Questions

What was Revolve Group's revenue in Q3 FY2026?

Revolve Group (RVLV) reported revenue of $356 million for Q3 FY2026, the quarter ended 30 September 2026, up 20.4% on the same quarter a year earlier.

How much did Revolve Group earn in Q3 FY2026?

Net income for Q3 FY2026 was $14 million, down 31.7% on the year, and diluted earnings per share $0.20.

When did Revolve Group report Q3 FY2026 results?

Revolve Group filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 3 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	240	283	290	269	259	280	274	258	258	271	282	283	294	297	309	296	324	343	347	356
Cost of revenue	108	129	128	126	126	140	126	124	124	129	130	138	139	142	142	134	151	162	151	164
Gross profit	131	154	162	142	133	139	148	133	134	142	153	145	154	154	167	162	173	181	197	192
Gross margin	55%	54%	56%	53%	51%	50%	54%	52%	52%	52%	54%	51%	53%	52%	54%	55%	53%	53%	57%	54%
Operating income	31.9	28.4	19.3	14.8	10.7	12.3	7.4	0.3	2.2	9.3	16.4	14.3	11.4	14.7	18.0	21.0	20.6	15.7	22.1	19.0
Operating margin	13%	10%	7%	5%	4%	4%	3%	0%	1%	3%	6%	5%	4%	5%	6%	7%	6%	5%	6%	5%
Pre-tax income	31.7	29.0	21.1	16.2	10.4	18.8	9.7	4.3	4.9	14.6	20.7	14.4	14.6	15.6	15.1	28.3	23.3	18.5	24.9	21.3
Tax rate	7%	22%	23%	26%	24%	25%	25%	26%	28%	26%	26%	26%	20%	27%	34%	25%	20%	25%	25%	27%
Net income	29.4	22.6	16.3	12.0	7.9	14.2	7.3	3.2	3.5	10.9	15.4	11.0	12.3	11.8	10.2	21.2	18.6	14.4	18.6	14.5
Net margin	12%	8%	6%	4%	3%	5%	3%	1%	1%	4%	5%	4%	4%	4%	3%	7%	6%	4%	5%	4%
Diluted EPS	$0.40	$0.30	$0.22	$0.16	$0.11	$0.19	$0.10	$0.04	$0.05	$0.15	$0.21	$0.15	$0.17	$0.16	$0.14	$0.29	$0.26	$0.20	$0.26	$0.20
Operating cash flow	-6.1	53.8	-29.4	10.0	-11.0	48.8	-14.1	12.5	-3.9	38.4	-24.7	9.1	3.9	45.1	12.6	11.8	-10.2	49.4	-8.2	-24.3
Capital expenditure	0.4	1.1	1.4	1.4	1.3	1.1	1.0	1.0	1.1	1.7	1.0	1.0	1.8	1.8	2.2	4.3	3.1	5.0	2.8	3.1
Free cash flow	-6.5	52.7	-30.8	8.6	-12.3	47.7	-15.1	11.5	-5.0	36.7	-25.7	8.0	2.1	43.4	10.4	7.5	-13.3	44.5	-11.1	-27.4
Buybacks	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	8.1	1.9	1.9	-0.1	n/a	n/a	0.3	n/a	n/a	n/a	0.1
Shares outstanding	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	71m	71m	71m	71m	71m	72m	71m	71m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 3 November 2026: the filing.