Revolve(US:RVLV)2025-08-05 20:30Financial Performance - Net sales increased by 9% year-over-year, from $282.5 million in Q2 2024 to $309.0 million in Q2 2025[11] - Adjusted EBITDA increased by 12% year-over-year, from $20.5 million in Q2 2024 to $22.9 million in Q2 2025[11] - Adjusted EBITDA margin increased by 16 basis points year-over-year, reaching 7.4% in Q2 2025, the highest margin in 3 years[11] - Net income decreased by 35% year-over-year, from $15.4 million in Q2 2024 to $10.0 million in Q2 2025, primarily due to unfavorable other income/expense comparison and a higher effective tax rate[11] Segment and Geographic Performance - REVOLVE segment net sales increased by 9% year-over-year, from $245.5 million in Q2 2024 to $268.4 million in Q2 2025[16] - FWRD segment net sales increased by 10% year-over-year, from $36.9 million in Q2 2024 to $40.6 million in Q2 2025[16] - U S net sales increased by 7% year-over-year, from $225.1 million in Q2 2024 to $241.6 million in Q2 2025[16] - International net sales increased by 17% year-over-year, from $57.4 million in Q2 2024 to $67.3 million in Q2 2025[16] Operating Metrics - Active customers increased by 7% year-over-year[21] - Total orders placed increased by 6% year-over-year[21] - Average order value decreased by 2% year-over-year, from $306 in Q2 2024 to $300 in Q2 2025[21] Balance Sheet and Cash Flow - Free cash flow for the first half of 2025 was $52.4 million[31] - Cash and cash equivalents increased by $66 million or 27% year-over-year to $310.7 million[36] - The company repurchased 92,583 shares of Class A common stock during Q2 2025 at an average cost of $18.78 per share[36]