Revolve sales jump 16% as tariffs plunge from 145% to 10% following Supreme Court ruling

Filed May 5, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 6, 2025 · ~2 min read

Key Changes

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  Supreme Court struck down Trump's IEEPA tariff authority in February 2026, dropping China tariffs from 145% to 10%; company awaits clarity on refunds for previously paid duties.

  MD&A: Tariffs & Risk Factors verify on EDGAR →
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  Q1 2026 net sales rose 15.6% to $342.9M driven by 11.8% order volume growth and 1.0% higher average order value; active customers grew 8.2% to 2.93 million.

  MD&A: Revenue verify on EDGAR →
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  Gross margin improved to 52.7% from 52.0% on shallower markdowns and favorable brand mix, but marketing spend jumped 28% to support new REVOLVE Los Angeles owned brand launch.

  MD&A: Margins & Marketing verify on EDGAR →