---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-054482"
form_type: "8-K"
ticker: "RVLV"
cik: "0001746618"
company_name: "Revolve Group, Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T19:23:01.507853+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Revolve Group Q1 2024 net sales down 3% to $270.6M; gross margin expands to 52.3%

## Summary
- Net sales $270.6M vs $279.6M YoY (-3%); gross margin 52.3% (+250 bps) on higher full-price mix and lower inventory adjustments.
- Net income $10.9M vs $14.2M (-23%); adjusted EBITDA $13.3M vs $15.0M (-12%); diluted EPS $0.15 (-21%).
- Active customers 2.55M (+5% YoY); April 2024 net sales up low single digits YoY, improving sequential trend.
- FWRD segment net sales down 15% to $41.0M; REVOLVE segment down 1% to $229.6M.
- Cash and equivalents $273.4M, debt-free; $61.4M remaining in buyback; repurchased 530,007 shares at avg $15.17 in Q1.

## SEC filing metadata
- accession: 0000950170-24-054482
- form_type: 8-K
- ticker: RVLV
- cik: 0001746618
- company_name: Revolve Group, Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1746618/000095017024054482/0000950170-24-054482-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1746618/000095017024054482/rvlv-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-054482
- JSON: https://secwatch.observer/filing/0000950170-24-054482.json
- Plain text: https://secwatch.observer/filing/0000950170-24-054482.txt

## Key facts
- Earnings Releases
  Revolve Group, Inc. reported first quarter ended March 31, 2024 results: revenue $270,581, net income $10,873, EPS $0.15.
  - Period: first quarter ended March 31, 2024
  - Revenue: $270,581
  - Net income: $10,873
  - EPS: $0.15
  - Result: reported results
  source text: with the next-generation consumer.” First Quarter 2024 Financial Summary Three Months Ended March 31, 2024 2023 YoY Change (in thousands, except percentages) Net sales $ 270,581 $ 279,609 (3%) Gross profit $ 141,502 $ 139,220 2% Gross margin 52.3 % 49.8 % Net income $ 10,873 $ 14,172 (23%) Adjusted EBITDA (non-GAAP financial measure) $ 13,267 $ 15,010
  evidence_url: https://www.sec.gov/Archives/edgar/data/1746618/000095017024054482/0000950170-24-054482-index.htm

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