RVLV: revenue $347.4M, net income $18.6M. RVLV Q2 revenue +12.4% as tariff refunds lift margin; net income +83% on below-the-line swing

Filed August 4, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 5, 2025 · ~2 min read

Key Changes

• high

  Net income rose 83% YoY to $18.6M, but operating income grew only 23% to $22.1M — the bottom-line gain came from a $4.3M improvement in below-the-line items (non-operating/other +$5.7M, income tax -$1.2M, noncontrolling interest -$214k), not from operations.

  MD&A: Operating Results verify on EDGAR →
• high

  Supreme Court struck down IEEPA tariffs in February 2026; company received $6.7M in refunds (May-June 2026), with $5.6M reducing cost of sales and driving Q2 gross margin expansion to 56.6% (+250bp YoY).

  MD&A: Tariff Refunds / Risk Factors verify on EDGAR →
• high

  Former founder of liquidated subsidiary (acquired 2024, shut May 2025) filed two lawsuits in December 2025 alleging fraud, breach of contract, and mismanagement; company cannot estimate potential loss. Additional legal accruals totaled $1.5M across Q3 2025 and Q1 2026.

  Legal Proceedings verify on EDGAR →