10-Q Filing

REVOLVE GROUP, INC. CIK: 1746618 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0000950170-23-037231`
Period End Date	20230630
Filing Date	20230802
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	rvlv-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 68 Cash Flow Statement 56 Comprehensive Income 16

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$13.08M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$15.46M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$269.33M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$234.72M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$5.42M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$11.20M	USD	Point-in-time
Inventory	`InventoryNet`	$205.31M	USD	Point-in-time
Inventory	`InventoryNet`	$215.22M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$2.97M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$6.10M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$59.38M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$59.87M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$551.32M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$518.22M	USD	Point-in-time
Property and equipment (net of accumulated depreciation of $15,457 and $13,081 as of June 30, 2023 and December 31, 2022, respectively)	`PropertyPlantAndEquipmentNet`	$8.93M	USD	Point-in-time
Property and equipment (net of accumulated depreciation of $15,457 and $13,081 as of June 30, 2023 and December 31, 2022, respectively)	`PropertyPlantAndEquipmentNet`	$8.40M	USD	Point-in-time
Right-of-use lease assets	`OperatingLeaseRightOfUseAsset`	$39.65M	USD	Point-in-time
Right-of-use lease assets	`OperatingLeaseRightOfUseAsset`	$22.96M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.79M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.60M	USD	Point-in-time
Goodwill	`Goodwill`	$2.04M	USD	Point-in-time
Goodwill	`Goodwill`	$2.04M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.24M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$807.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$24.75M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$24.75M	USD	Point-in-time
Total assets	`Assets`	$629.20M	USD	Point-in-time
Total assets	`Assets`	$579.32M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$46.01M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$50.79M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$229.00K	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$1.14M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$35.98M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$38.27M	USD	Point-in-time
Returns reserve	`CustomerRefundLiabilityCurrent`	$69.79M	USD	Point-in-time
Returns reserve	`CustomerRefundLiabilityCurrent`	$49.30M	USD	Point-in-time
Returns reserve	`CustomerRefundLiabilityCurrent`	$69.63M	USD	Point-in-time
Returns reserve	`CustomerRefundLiabilityCurrent`	$73.92M	USD	Point-in-time
Returns reserve	`CustomerRefundLiabilityCurrent`	$66.35M	USD	Point-in-time
Returns reserve	`CustomerRefundLiabilityCurrent`	$63.38M	USD	Point-in-time
Current lease liabilities	`OperatingLeaseLiabilityCurrent`	$5.84M	USD	Point-in-time
Current lease liabilities	`OperatingLeaseLiabilityCurrent`	$5.46M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$30.80M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$22.58M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$181.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$185.73M	USD	Point-in-time
Non-current lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$18.66M	USD	Point-in-time
Non-current lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$37.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$223.16M	USD	Point-in-time
Total liabilities	`Liabilities`	$199.75M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$110.34M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$113.75M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$292.22M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$269.16M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$379.57M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$317.01M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$395.94M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$406.04M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$356.21M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$340.50M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$579.32M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$629.20M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$290.05M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$553.34M	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$573.55M	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$273.73M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$127.81M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$126.03M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$266.42M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$256.90M	USD	2 Qtrs
Gross profit	`GrossProfit`	$286.92M	USD	2 Qtrs
Gross profit	`GrossProfit`	$147.70M	USD	1 Quarter
Gross profit	`GrossProfit`	$316.65M	USD	2 Qtrs
Gross profit	`GrossProfit`	$162.24M	USD	1 Quarter
Fulfillment	`FulfillmentExpense`	$18.47M	USD	2 Qtrs
Fulfillment	`FulfillmentExpense`	$9.40M	USD	1 Quarter
Fulfillment	`FulfillmentExpense`	$15.20M	USD	2 Qtrs
Fulfillment	`FulfillmentExpense`	$7.91M	USD	1 Quarter
Selling and distribution	`SellingExpense`	$50.89M	USD	1 Quarter
Selling and distribution	`SellingExpense`	$51.97M	USD	1 Quarter
Selling and distribution	`SellingExpense`	$98.55M	USD	2 Qtrs
Selling and distribution	`SellingExpense`	$102.35M	USD	2 Qtrs
Marketing	`MarketingExpense`	$89.84M	USD	2 Qtrs
Marketing	`MarketingExpense`	$97.17M	USD	2 Qtrs
Marketing	`MarketingExpense`	$51.50M	USD	1 Quarter
Marketing	`MarketingExpense`	$51.92M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$28.55M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$56.64M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$31.16M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$58.00M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$142.96M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$267.31M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$140.34M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$268.92M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$7.36M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$47.73M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$19.61M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$19.28M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$2.33M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$1.81M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$8.97M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$2.38M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$9.74M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$50.06M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$28.58M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$21.09M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.10M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.43M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.22M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$21.48M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$38.84M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$16.27M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.30M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.22	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.29	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.53	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.22	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.52	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.29	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	73.41M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	73.29M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	73.44M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	73.31M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	74.72M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	74.08M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	74.64M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	74.23M	shares	2 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$21.48M	USD	2 Qtrs
Net income	`ProfitLoss`	$38.84M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$2.31M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$2.46M	USD	2 Qtrs
Equity-based compensation	`ShareBasedCompensation`	$2.89M	USD	2 Qtrs
Equity-based compensation	`ShareBasedCompensation`	$3.00M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.78M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.17M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$37.24M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-9.91M	USD	2 Qtrs
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$3.12M	USD	2 Qtrs
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$3.44M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-489.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$14.90M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$429.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$510.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.74M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.78M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$96.00K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$914.00K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-2.29M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$9.12M	USD	2 Qtrs
Returns reserve	`IncreaseDecreaseCustomerRefundLiabilityCurrent`	$2.97M	USD	2 Qtrs
Returns reserve	`IncreaseDecreaseCustomerRefundLiabilityCurrent`	$20.50M	USD	2 Qtrs
Right-of-use lease assets and current and non-current lease liabilities	`RightOfUseLeaseAssetsAndCurrentAndNonCurrentLeaseLiabilities`	$-324.00K	USD	2 Qtrs
Right-of-use lease assets and current and non-current lease liabilities	`RightOfUseLeaseAssetsAndCurrentAndNonCurrentLeaseLiabilities`	$-1.69M	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$8.22M	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$3.91M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$34.73M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$24.45M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.52M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.12M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.12M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.52M	USD	2 Qtrs
Proceeds from the exercise of stock options, net	`ProceedsFromStockOptionsExercised`	$368.00K	USD	2 Qtrs
Proceeds from the exercise of stock options, net	`ProceedsFromStockOptionsExercised`	$410.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$410.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$368.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-2.90M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.58M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$34.60M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$19.40M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$218.46M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$234.72M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$269.33M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$237.86M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$218.46M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$234.72M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$269.33M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$237.86M	USD	Point-in-time
Income taxes, net of refund	`IncomeTaxesPaidNet`	$14.61M	USD	2 Qtrs
Income taxes, net of refund	`IncomeTaxesPaidNet`	$9.22M	USD	2 Qtrs
Operating leases	`OperatingLeasePayments`	$2.50M	USD	2 Qtrs
Operating leases	`OperatingLeasePayments`	$3.55M	USD	2 Qtrs
Lease assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$11.48M	USD	2 Qtrs
Lease assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$20.45M	USD	2 Qtrs

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$16.27M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$21.48M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$38.84M	USD	2 Qtrs
Cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.19M	USD	1 Quarter
Cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.58M	USD	2 Qtrs
Cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$828.00K	USD	1 Quarter
Cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.90M	USD	2 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.58M	USD	2 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-2.90M	USD	2 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$828.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-2.19M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$8.13M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$23.06M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$35.95M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$14.08M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.