v3.26.1
Segment Information
6 Months Ended
Jun. 30, 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 and six months ended June 30, 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 June 30,

 

 

Six Months Ended June 30,

 

Net sales

 

2026

 

 

2025

 

 

2026

 

 

2025

 

REVOLVE

 

$

302,515

 

 

$

268,421

 

 

$

595,758

 

 

$

522,816

 

FWRD

 

 

44,890

 

 

 

40,550

 

 

 

94,527

 

 

 

82,864

 

Total

 

$

347,405

 

 

$

308,971

 

 

$

690,285

 

 

$

605,680

 

 

Cost of sales

 

 

 

 

 

 

 

 

 

 

 

 

REVOLVE

 

$

125,594

 

 

$

118,481

 

 

$

259,310

 

 

$

234,091

 

FWRD

 

 

25,146

 

 

 

23,428

 

 

 

53,695

 

 

 

50,241

 

Total

 

$

150,740

 

 

$

141,909

 

 

$

313,005

 

 

$

284,332

 

 

Gross profit

 

 

 

 

 

 

 

 

 

 

 

 

REVOLVE

 

$

176,921

 

 

$

149,940

 

 

$

336,448

 

 

$

288,725

 

FWRD

 

 

19,744

 

 

 

17,122

 

 

 

40,832

 

 

 

32,623

 

Total

 

$

196,665

 

 

$

167,062

 

 

$

377,280

 

 

$

321,348

 

 

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

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

United States

 

$

269,051

 

 

$

241,623

 

 

$

543,040

 

 

$

480,866

 

Rest of the world (1)

 

 

78,354

 

 

 

67,348

 

 

 

147,245

 

 

 

124,814

 

Total

 

$

347,405

 

 

$

308,971

 

 

$

690,285

 

 

$

605,680

 

 

(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 and six months ended June 30, 2026 and 2025:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Net Sales

 

 

 

 

 

 

 

 

 

 

 

 

Fashion Apparel

 

$

154,788

 

 

$

133,693

 

 

$

317,043

 

 

$

272,006

 

Dresses

 

 

100,287

 

 

 

94,709

 

 

 

195,406

 

 

 

176,898

 

Handbags, Shoes and Accessories

 

 

67,635

 

 

 

62,978

 

 

 

133,122

 

 

 

122,967

 

Beauty

 

 

14,326

 

 

 

12,887

 

 

 

30,546

 

 

 

26,163

 

Other (1)

 

 

10,369

 

 

 

4,704

 

 

 

14,168

 

 

 

7,646

 

Total net sales

 

$

347,405

 

 

$

308,971

 

 

$

690,285

 

 

$

605,680

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As a percentage of net sales

 

 

 

 

 

 

 

 

 

 

 

 

Fashion Apparel

 

 

45

%

 

 

43

%

 

 

46

%

 

 

45

%

Dresses

 

 

29

%

 

 

31

%

 

 

28

%

 

 

29

%

Handbags, Shoes and Accessories

 

 

19

%

 

 

20

%

 

 

19

%

 

 

20

%

Beauty

 

 

4

%

 

 

4

%

 

 

5

%

 

 

5

%

Other (1)

 

 

3

%

 

 

2

%

 

 

2

%

 

 

1

%

Total net sales

 

 

100

%

 

 

100

%

 

 

100

%

 

 

100

%

 

(1)
Includes Grow-Good product sales, shipping revenue, rental product revenue, wholesale revenue and other revenue.