Revolve Group, Inc. (RVLV) Stock

Revolve Group, Inc. (RVLV) is a Consumer Discretionary stock trading at $24.13 (as of 2026-08-20), with a market capitalization of $1.74B and a trailing P/E of 23.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Revolve Group, Inc. operates an online fashion retail platform serving consumers in the United States and internationally through two segments, REVOLVE and FWRD. It sells women’s apparel, footwear, accessories, and beauty products from a range of brand partners, including emerging, established, and owned brands, as well as luxury brands.

Understand Revolve Group, Inc.: how it makes money

Revolve Group operates an online fashion retail platform (REVOLVE and FWRD) selling women’s apparel, footwear, accessories, beauty, and luxury brands, earning money primarily from net sales to consumers.

Even with a relatively high gross margin, Revolve’s operating profit depends on keeping fulfillment costs, selling and distribution costs, and marketing investments (as percentages of net sales) under control, since these operating expense lines are large drivers of the low operating margin.

Revenue by segment (latest quarter)
REVOLVE	$0.3B
FWRD	$0.1B

Business quality (Mixed): Clear segment structure (REVOLVE, FWRD) and actionable operating metrics (active customers). Financial and margin context is provided, but no brand-level profitability or inventory detail is included in the facts here.

Valuation: At 26× earnings, RVLV trades 38% above the Retail average (19×). Note: one-time items can distort reported P/E.

Bull case

Large and growing customer base tracked by active customers: The company reports Active Customers (Ending Balance) of 2,900,000 and Active Customers Added of 26,000, giving investors a direct read on demand and customer acquisition momentum.
Gross margin provides a buffer before operating expenses: Gross margin is 52.7%, which can help offset cost pressures before operating expenses determine the final operating result.

Bear case

Operating profitability is pressured by operating expense intensity: Operating margin is 4.6%, and multiple operating cost categories are meaningful as a percentage of net sales, including Fulfillment Costs (3.1%), Selling and Distribution Costs (16.8%), and Marketing Investments (15.8%).
Marketing and selling cost levels may limit flexibility: Marketing Investments and Selling and Distribution Costs are both large relative to net sales, which can make it harder to maintain profitability if growth slows or costs rise.

Valuation — source: SEC EDGAR (first-party)
Price	$24.13
Market Cap	$1.74B
P/E Ratio	23.9
EV / EBITDA	16.8
Price / Book	3.22
Price / Sales	1.33
FCF Yield	3.0%
DCF Value (model)	$18.84
DCF Upside vs Price	-21.9%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$1.23B
Net Margin	5.0%
Revenue Growth (YoY)	12.4%
EPS Growth (YoY)	85.7%
FCF Growth (YoY)	-206.2%

Financial Health — source: SEC EDGAR
Altman Z-Score	7.38 (safe)

Valuation vs Sector & Industry
Stock P/E	23.9
Sector P/E (Consumer Discretionary)	20.5
Industry P/E (Retail)	19.5
vs Sector	16.8%
vs Industry	22.5%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	FMR LLC ($139.91M)
Institutional Holders Tracked	10
Congressional Trades (recent)	2

Company
Sector	Consumer Discretionary
Industry	Retail
CEO	Michael Karanikolas
Employees	1,632
Country	US
IPO Date	2019-06-07

Related Companies (Business model: First-Party E-commerce (Own-Inventory or Own-Platform Retail); 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.