On May 6, U.S.-based fashion retailer Revolve Group, Inc. announced its financial results for the first quarter of 2025 (January–March), reporting revenue of $296.7 million, a 10% increase year-over-year. Strong performance across both brand segments and geographic regions contributed to the solid results.
By business segment, the flagship Revolve division generated $254.4 million in revenue, up 11% from the previous year, while the luxury-focused FWRD division reported $42.3 million, a 3% increase. Both segments maintained positive growth.
From a regional perspective, U.S. domestic revenue rose 9% to $239.2 million, while international revenue surged 12% to $57.5 million, highlighting overseas markets as a key growth driver and contributing to the overall double-digit revenue growth.
Net income also rose from $10.9 million to $11.4 million, and operating cash flow reached $45 million, further strengthening the company’s financial position.
Mike Karanikolas, co-founder and co-CEO, commented: “Our strong execution within a dynamic macro environment resulted in outstanding first quarter results, highlighted by double-digit top-line growth, 57% growth in operating income year-over-year, and $45 million in operating cash flow that further strengthened our balance sheet.”
He added: “We achieved these strong results while continuing to invest in key initiatives that we believe will drive long-term success, which is especially important during this uncertain time when industry peers with weaker foundations are dialing back investment plans.”
Michael Mente, co-founder and co-CEO, stated: “I am very proud of our team’s continued outstanding execution and flexibility that has driven our strong performance. It is the strength of our team, our solid financial foundation and our flexibility that we believe position us well to navigate through the current geopolitical and macro-uncertainty while continuing to invest in the exciting growth opportunities ahead. We have consistently outperformed through challenging periods in the past and are entering this current cycle on strong footing, giving us the confidence not just to manage through the near-term challenges, but also to gain further market share and drive long-term gains.”
The company also revealed that sales in April 2025 increased by a mid-single-digit percentage year-over-year, with international sales continuing to lead the growth.
Copyright © 2025 Oui Speak Fashion. All rights reserved.