10-Q Filing

REVOLVE GROUP, INC. CIK: 1746618 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001564590-21-041615`
Period End Date	20210630
Filing Date	20210805
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	rvlv-10q_20210630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 68 Cash Flow Statement 55 Comprehensive Income 16

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$16.83M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$14.65M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$146.01M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$219.58M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$4.62M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$7.36M	USD	Point-in-time
Inventory	`InventoryNet`	$95.27M	USD	Point-in-time
Inventory	`InventoryNet`	$118.83M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$10.69M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$12.21M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$20.33M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$31.64M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$389.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$276.93M	USD	Point-in-time
Property and equipment (net of accumulated depreciation of $16,831 and $14,652 as of June 30, 2021 and December 31, 2020, respectively)	`PropertyPlantAndEquipmentNet`	$11.21M	USD	Point-in-time
Property and equipment (net of accumulated depreciation of $16,831 and $14,652 as of June 30, 2021 and December 31, 2020, respectively)	`PropertyPlantAndEquipmentNet`	$10.30M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.26M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.16M	USD	Point-in-time
Goodwill	`Goodwill`	$2.04M	USD	Point-in-time
Goodwill	`Goodwill`	$2.04M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.74M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$500.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$13.81M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$13.81M	USD	Point-in-time
Total assets	`Assets`	$419.67M	USD	Point-in-time
Total assets	`Assets`	$305.75M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$39.34M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$58.63M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$195.00K	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$952.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$24.73M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$31.97M	USD	Point-in-time
Returns reserve	`CustomerRefundLiabilityCurrent`	$25.60M	USD	Point-in-time
Returns reserve	`CustomerRefundLiabilityCurrent`	$28.34M	USD	Point-in-time
Returns reserve	`CustomerRefundLiabilityCurrent`	$35.10M	USD	Point-in-time
Returns reserve	`CustomerRefundLiabilityCurrent`	$44.02M	USD	Point-in-time
Returns reserve	`CustomerRefundLiabilityCurrent`	$37.47M	USD	Point-in-time
Returns reserve	`CustomerRefundLiabilityCurrent`	$20.98M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$19.63M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$15.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$155.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$105.69M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$96.58M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$86.04M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$113.95M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$167.79M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$264.45M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$227.71M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$136.12M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$151.44M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$130.76M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$200.06M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$305.75M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$419.67M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$228.61M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$142.78M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$288.86M	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$407.52M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$145.84M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$70.71M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$101.40M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$183.64M	USD	2 Qtrs
Gross profit	`GrossProfit`	$143.02M	USD	2 Qtrs
Gross profit	`GrossProfit`	$127.22M	USD	1 Quarter
Gross profit	`GrossProfit`	$72.07M	USD	1 Quarter
Gross profit	`GrossProfit`	$223.88M	USD	2 Qtrs
Fulfillment	`FulfillmentExpense`	$8.29M	USD	2 Qtrs
Fulfillment	`FulfillmentExpense`	$9.68M	USD	2 Qtrs
Fulfillment	`FulfillmentExpense`	$3.80M	USD	1 Quarter
Fulfillment	`FulfillmentExpense`	$5.31M	USD	1 Quarter
Selling and distribution	`SellingExpense`	$19.05M	USD	1 Quarter
Selling and distribution	`SellingExpense`	$57.12M	USD	2 Qtrs
Selling and distribution	`SellingExpense`	$40.83M	USD	2 Qtrs
Selling and distribution	`SellingExpense`	$32.14M	USD	1 Quarter
Marketing	`MarketingExpense`	$14.64M	USD	1 Quarter
Marketing	`MarketingExpense`	$36.59M	USD	2 Qtrs
Marketing	`MarketingExpense`	$61.10M	USD	2 Qtrs
Marketing	`MarketingExpense`	$34.87M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$15.78M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$34.65M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$41.85M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$21.97M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$53.27M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$94.29M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$169.74M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$120.36M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$54.14M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$22.66M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$18.80M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$32.93M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-264.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-174.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-497.00K	USD	2 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	$-47.00K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$32.66M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$18.63M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$22.61M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$53.65M	USD	2 Qtrs
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$1.13M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$4.39M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-143.00K	USD	2 Qtrs
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$4.22M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$31.54M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.24M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.39M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$53.79M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.27	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.75	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.44	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.21	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.42	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.26	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.72	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	69.42M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	72.08M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	72.39M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	69.37M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	74.23M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	74.42M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	71.66M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	71.78M	shares	2 Qtrs

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$53.79M	USD	2 Qtrs
Net income	`ProfitLoss`	$18.39M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$2.27M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$2.40M	USD	2 Qtrs
Equity-based compensation	`ShareBasedCompensation`	$1.43M	USD	2 Qtrs
Equity-based compensation	`ShareBasedCompensation`	$2.33M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-634.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$98.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.74M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$23.55M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-39.75M	USD	2 Qtrs
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$1.52M	USD	2 Qtrs
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-761.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.57M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$11.31M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-50.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.24M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$19.30M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.92M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$757.00K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$3.98M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.32M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$7.24M	USD	2 Qtrs
Returns reserve	`IncreaseDecreaseCustomerRefundLiabilityCurrent`	$18.42M	USD	2 Qtrs
Returns reserve	`IncreaseDecreaseCustomerRefundLiabilityCurrent`	$-6.77M	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$660.00K	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$3.81M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$61.89M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$66.56M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.38M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.25M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.25M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.38M	USD	2 Qtrs
Proceeds from borrowings on line of credit	`ProceedsFromLinesOfCredit`	$30.00M	USD	2 Qtrs
Repayment of borrowings on line of credit	`RepaymentsOfLinesOfCredit`	$6.00M	USD	2 Qtrs
Payment of deferred offering costs	`PaymentsOfStockIssuanceCosts`	$41.00K	USD	2 Qtrs
Proceeds from the exercise of stock options, net	`ProceedsFromStockOptionsExercised`	$8.22M	USD	2 Qtrs
Proceeds from the exercise of stock options, net	`ProceedsFromStockOptionsExercised`	$1.36M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.32M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$8.22M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-467.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$49.00K	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$85.35M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$73.57M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$146.01M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$150.77M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$219.58M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$65.42M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$146.01M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$150.77M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$219.58M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$65.42M	USD	Point-in-time
Interest	`InterestPaidNet`	$190.00K	USD	2 Qtrs
Income taxes, net of refund	`IncomeTaxesPaidNet`	$610.00K	USD	2 Qtrs
Income taxes, net of refund	`IncomeTaxesPaidNet`	$102.00K	USD	2 Qtrs

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$18.39M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$53.79M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$31.54M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.24M	USD	1 Quarter
Cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$49.00K	USD	2 Qtrs
Cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-467.00K	USD	2 Qtrs
Cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-55.00K	USD	1 Quarter
Cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-123.00K	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-123.00K	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$49.00K	USD	2 Qtrs
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-467.00K	USD	2 Qtrs
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-55.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$17.93M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$31.48M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$14.11M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$53.84M	USD	2 Qtrs

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