v3.26.1
Segment Information
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Information

Note 9. Segment Information

We have two reportable segments, REVOLVE and FWRD, each offering apparel, shoes, accessories, and beauty products available for sale to customers through their respective websites and mobile applications. Our reportable segments have been identified based on how our chief operating decision makers manage our business, make operating decisions and evaluate operating performance. Our chief operating decision makers are our co-founders and co-chief executive officers. We evaluate the performance of our reportable segments based on net sales and gross profit. Management does not evaluate the performance of our reportable segments using asset measures. During the three months ended March 31, 2026 and 2025, no customer represented over 10% of net sales.

The following tables summarize our net sales, cost of sales and gross profit for each of our reportable segments (in thousands):

 

 

 

Three Months Ended March 31,

 

Net sales

 

2026

 

 

2025

 

REVOLVE

 

$

293,243

 

 

$

254,395

 

FWRD

 

 

49,637

 

 

 

42,314

 

Total

 

$

342,880

 

 

$

296,709

 

 

 

Cost of sales

 

 

 

 

 

 

REVOLVE

 

$

133,716

 

 

$

115,610

 

FWRD

 

 

28,549

 

 

 

26,813

 

Total

 

$

162,265

 

 

$

142,423

 

 

Gross profit

 

 

 

 

 

 

REVOLVE

 

$

159,527

 

 

$

138,785

 

FWRD

 

 

21,088

 

 

 

15,501

 

Total

 

$

180,615

 

 

$

154,286

 

 

The following table presents net sales by geographic area (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

United States

 

$

273,989

 

 

$

239,243

 

Rest of the world (1)

 

 

68,891

 

 

 

57,466

 

Total

 

$

342,880

 

 

$

296,709

 

 

(1) No individual country exceeded 10% of total net sales for any period presented.

 

The following tables summarize net sales (in thousands) and percentage of net sales by product category for the three months ended March 31, 2026 and 2025:

 

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Net Sales

 

 

 

 

 

 

Fashion Apparel

 

$

162,255

 

 

$

138,313

 

Dresses

 

 

95,119

 

 

 

82,189

 

Handbags, Shoes and Accessories

 

 

65,487

 

 

 

59,989

 

Beauty

 

 

16,220

 

 

 

13,276

 

Other (1)

 

 

3,799

 

 

 

2,942

 

Total net sales

 

$

342,880

 

 

$

296,709

 

 

 

 

 

 

 

 

As a percentage of net sales

 

 

 

 

 

 

Fashion Apparel

 

 

47

%

 

 

47

%

Dresses

 

 

28

%

 

 

28

%

Handbags, Shoes and Accessories

 

 

19

%

 

 

20

%

Beauty

 

 

5

%

 

 

4

%

Other (1)

 

 

1

%

 

 

1

%

Total net sales

 

 

100

%

 

 

100

%

 

(1)
Includes deferred revenue, shipping revenue, rental product revenue and other revenue.