- Revolve Group (NYSE: RVLV) will present at three December 2025 investor conferences hosted by Morgan Stanley, Barclays and KeyBanc, with webcasts via its investor relations site.
- The company enters this roadshow with modest mid-single-digit sales growth, a debt-free balance sheet, about $315 million in cash, and sharply improved free cash flow.
- FY 2024 results showed ~6% revenue growth, strong gains in net income and adjusted EBITDA, and gross margin expansion helped by the higher-end FWRD segment.
- Management is likely to highlight owned brands, data- and influencer-driven merchandising, international growth and selective physical retail, while addressing risks around growth, margins, cash flow volatility and inventory.
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The announcement of Revolve Group’s participation in three high-profile December 2025 investor conferences offers a platform to underscore its financial turnaround, strategic shift, and pathway to sustainable profitability. With its recent Q3 2025 results, the company has demonstrated free cash flow strength, solid balance sheet metrics, and improved margins—all of which investors will scrutinize during these conferences. [2]
Sales growth has been positive but relatively modest: REVOLVE and FWRD increased by ~5 % and ~3 % YoY, respectively, in Q3 2025. Product price points (average order value of ~$300) are stable, but growth compression signals competitive pressures or saturation in core customer bases. [2]
Margin expansion appears to be a critical lever: gross margin for FY 2024 was ~52.5 %, with small improvements in FWRD helping lift full-year profitability. Investments in owned brands, international expansion, and platform enhancements are likely to be emphasized at the upcoming presentations as key drivers of margin leverage and differentiation. [3][2]
Risk factors include free cash flow volatility (YoY declines in certain periods of 2024), inventory build vs. demand, international and tariff exposure, and the challenge of physical retail execution. The company is debt-free, which gives flexibility, but market expectations will center on maintaining growth without sacrificing margins amid macroeconomic headwinds. The December roadshow is thus likely to focus on how Revolve navigates these tradeoffs into 2026.
Supporting Notes
- Revolve’s December 2025 conference schedule: Dec 3 (Morgan Stanley), Dec 4 (Barclays), Dec 12 (KeyBanc); all live webcasts available via investor relations. [1]
- In Q3 2025, REVOLVE segment net sales rose ~5 % YoY ($254.6 m), FWRD by ~3 % ($41.0 m); free cash flow for 9-months up ~265 % YoY to ~$59.0 m; cash & cash equivalents ~$315.4 m; debt-free balance sheet. [2]
- FY 2024 net sales ~$1.1299 b m, up ~6 % YoY; gross margin 52.5 % vs 51.9 %; net income ~$48.8 m (up ~73 %), adjusted EBITDA ~$69.5 m (up ~60 %). [3]
- Operational improvements: reduced return rate in H2 2024, marketing/logistics efficiency gains, investment in owned brands and AI platform; explore physical retail. [3]
- Average order value was ~$301-302 in Q4 2024, only slightly below prior year; domestic vs international sales growth varied, with international growing much faster. [3][2]
- Inventory as of Sept 30, 2025 was ~$238.8 m, basically flat YoY; modest decrease indicating improved inventory management in light of growth. [2]
Sources
- [1] investors.revolve.com (Revolve.com) — Nov 19 2025
- [2] investors.revolve.com (Revolve.com) — Nov 4 2025
- [3] investors.revolve.com (Revolve.com) — Feb 25 2025