Revolve Q4 Revenue Jumps 10.4% to $324.4M with EPS Beating by 57.8%
Revolve delivered Q4 CY2025 revenue of $324.4 million, up 10.4% year on year and exceeding analyst estimates of $305.5 million by 6.2%. GAAP EPS of $0.26 beat forecasts by 57.8%, while adjusted EBITDA rose to $26.26 million, lifting operating margin to 6.3% from 3.9%.
1. Q4 financial beats
Revolve posted Q4 CY2025 revenue of $324.4 million versus $305.5 million expected, marking 10.4% year-on-year growth. GAAP EPS of $0.26 topped the $0.16 consensus by 57.8%, and adjusted EBITDA reached $26.26 million with an 8.1% margin, outpacing the $19.61 million forecast.
2. Margin and customer growth
Operating margin expanded to 6.3% from 3.9% a year earlier as Revolve added 173,000 active customers, lifting the total to 2.84 million. The 6.5% year-on-year increase in active buyers outstripped the brand’s two-year CAGR of 5.4%, signaling accelerating engagement.
3. Cash flow performance
Free cash flow swung to a negative $12.85 million from positive $7.50 million in the prior quarter, driven by higher inventory and marketing investments. With a market capitalization of $1.73 billion, the company faces investor scrutiny on its path to improved cash conversion.