Revolve Group Inc-A 2025年季度报告

(Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the quarterly period endedMarch 31,2025 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period fromto.Commission File Number:001-38927 REVOLVE GROUP, INC. (Exact name of registrant as specified in its charter) Delaware46-1640160(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.)12889 Moore StreetCerritos,California90703(Address of principal executive offices) (Zip code)(562)677-9480(Registrant’s telephone number, including area code)Securities registered pursuant to Section 12(b) of the Act: Title of each class:Trading Symbol(s):Name of each exchange on which registered: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was requiredto submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated filer☐Smaller reporting company☐Emerging growth company☐ Large accelerated filer☒Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒As of April 29, 2025,40,370,307shares of the registrant’s Class A common stock and30,918,796shares of the registrant’s Class Bcommon stock were outstanding. REVOLVE GROUP, INC. AND SUBSIDIARIES TABLE OF CONTENTS PART I - FINANCIAL INFORMATION Item 1. Financial Statements (Unaudited)7Condensed Consolidated Balance Sheets7Condensed Consolidated Statements of Income8Condensed Consolidated Statements of Comprehensive Income9Condensed Consolidated Statements of Cash Flows10Notes to the Condensed Consolidated Financial Statements11Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations22Item 3. Quantitative and Qualitative Disclosures About Market Risk39Item 4. Controls and Procedures40 PART II - OTHER INFORMATION Item 1. Legal ProceedingsItem 1A. Risk FactorsItem 2. Unregistered Sales of Equity Securities and Use of ProceedsItem 3. Defaults Upon Senior SecuritiesItem 4. Mine Safety DisclosuresItem 5. Other InformationItem 6. ExhibitsSignatures 4141757575757677 SUMMARY RISK FACTORS Our business is subject to numerous risks and uncertainties, including those highlighted in the section of this report titled“Risk Factors.” The following is a summary of the principal risks we face: •Economic downturns and other macroeconomic conditions or trends may adversely affect consumer discretionaryspending and our business, operating results and financial condition.•Tariffs imposed by the U.S. or foreign governments or a global trade war has increased and may in the future continueto increase the cost of our products, which could have a material adverse effect on our business, financial condition andresults of operations.•If we fail to effectively manage our growth, our business, financial condition and operating results could be harmed.•We purchase inventory in anticipation of sales, and if we are unable to manage our inventory effectively, our operatingresults could be adversely affected.•Merchandise returns could harm our business.•If we are unable to anticipate and respond to changing customer preferences and shifts in fashion and industry trends ina timely and cost-effective manner, our business, financial condition and operating results could be harmed.•Our business depends on our ability to maintain a strong community of brands, engaged customers and influencers. Wemay not be able to maintain and enhance our existing brand community if we receive customer or influencercomplaints, negative publicity or otherwise fail to live up to consumers’ expectations, which could materially adverselyaffect our business, operating results and growth prospects.•Use of social media and influencers may materially and adversely affect