---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-017199"
form_type: "8-K"
ticker: "RVLV"
cik: "0001746618"
company_name: "Revolve Group, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:22:25.464370+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Revolve Group Q1 2023 revenue down 1% to $279.6M; net income falls 37%, adjusted EBITDA down 52%

## Summary
- Net sales $279.6M (-1% YoY); net income $14.2M (EPS $0.19) vs $22.6M (-37%).
- Gross margin 49.8% (-468 bps) on lower full-price mix; adjusted EBITDA $15.0M (-52%).
- Active customers grew 19% to 2.42M; REVOLVE segment -3%, FWRD +5% YoY.
- April 2023 net sales declined ~7% YoY amid macro headwinds and inflationary pressures.
- Free cash flow $47.7M; cash $283.3M, debt free; inventory down 12% from Dec 2022.

## SEC filing metadata
- accession: 0000950170-23-017199
- form_type: 8-K
- ticker: RVLV
- cik: 0001746618
- company_name: Revolve Group, Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1746618/000095017023017199/0000950170-23-017199-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1746618/000095017023017199/rvlv-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-017199
- JSON: https://secwatch.observer/filing/0000950170-23-017199.json
- Plain text: https://secwatch.observer/filing/0000950170-23-017199.txt

## Key facts
- Earnings Releases
  Revolve Group, Inc. reported first quarter ended March 31, 2023 results: revenue $279,609, net income $14,172, EPS $0.19.
  - Period: first quarter ended March 31, 2023
  - Revenue: $279,609
  - Net income: $14,172
  - EPS: $0.19
  - Result: reported results
  source text: said co-founder and co-CEO Michael Mente. First Quarter 2023 Financial Summary Three Months Ended March 31, 2023 2022 YoY Change (in thousands, except percentages) Net sales $ 279,609 $ 283,498 (1%) Gross profit $ 139,220 $ 154,411 (10%) Gross margin 49.8 % 54.5 % Net income $ 14,172 $ 22,568 (37%) Adjusted EBITDA (non-GAAP financial measure) $ 15,010 $ 31,543
  evidence_url: https://www.sec.gov/Archives/edgar/data/1746618/000095017023017199/0000950170-23-017199-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.