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Get filing alertsRevolve Group reports 12% Q2 sales growth, 18% gross profit increase aided by tariff refunds
Filed August 4, 2026 · Period ending August 4, 2026 · ~1 min read
Key Changes
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high
Q2 net sales rose 12% YoY to $347.4M; gross profit up 18% to $196.7M, including $5.6M IEEPA tariff refund benefit; net income $18.6M vs. $10.0M prior year (86% increase).
Exhibit 99.1 view on EDGAR → -
high
Gross margin expanded 254 bps to 56.6%; 162 bps from tariff refunds, ~90 bps from underlying business improvement vs. 54.1% in Q2 2025.
Exhibit 99.1 view on EDGAR → -
high
Trailing 12-month active customers grew 11% YoY to 3.04M as of June 30, 2026—highest growth rate in nearly three years.
Exhibit 99.1 view on EDGAR → -
medium
Inventory increased 25% YoY to $275.8M, outpacing 12% sales growth, suggesting buildup for anticipated demand or new product initiatives.
Exhibit 99.1 view on EDGAR → -
medium
Repurchased 497,675 Class A shares for $9.9M at $19.98 average in Q2; $45.7M remains under $100M buyback program.
Exhibit 99.1 view on EDGAR →
Summary
Revolve Group delivered solid Q2 2026 results with 12% net sales growth to $347.4 million and an 86% jump in net income to $18.6 million. The gross profit increase of 18% to $196.7 million was materially aided by $5.6 million in IEEPA tariff refunds received during the quarter, which contributed 162 basis points of the 254-basis-point gross margin expansion to 56.6%.
Stripping out the tariff benefit, the underlying business still delivered approximately 90 basis points of organic margin improvement, reflecting operational progress. The company reported 3.04 million active customers for the trailing 12 months ending June 30, 2026, an 11% year-over-year increase that management characterized as the highest growth rate in nearly three years.
This customer momentum supports the sales trajectory. Inventory rose 25% year-over-year to $275.8 million, outpacing sales growth and suggesting the company is positioning for stronger demand or new product launches. Revolve continued returning capital to shareholders, repurchasing nearly 500,000 shares for $9.9 million at an average of $19.98 per share, with $45.7 million remaining under its $100 million authorization.
Section-by-Section Diff
Event · Exhibit 99.1
Revolve Group reported Q2 2026 results with 12% net sales growth, 18% gross profit increase, and 11% active customer growth.
Added in current filing · view on EDGAR →
Net sales were $347.4 million, a year-over-year increase of 12%. ... Gross profit was $196.7 million, which was positively impacted by a $5.6 million reduction in cost of sales due to IEEPA tariff refunds received during the quarter. Gross profit increased 18% year-over-year from $167.1 million in the second quarter of 2025. ... Net income was $18.6 million, which was positively impacted by $5.9 million due to IEEPA tariff refunds received during the second quarter ($4.4 million, net of tax effects). This compares to net income of $10.0 million in the second quarter of 2025
Revolve reported second quarter 2026 net sales of $347.4 million (up 12% year-over-year), gross profit of $196.7 million (up 18%), and net income of $18.6 million (up 86% from $10.0 million in Q2 2025). The gross profit and net income figures were positively impacted by $5.6 million and $5.9 million respectively from IEEPA tariff refunds received during the quarter.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 5, 2026 · How we verify