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Dec 31, 2024
Revolve Q4 2024 Earnings Report
Revolve Group reported strong fourth quarter and full year 2024 financial results, with double-digit top-line growth and significant increases in net income and Adjusted EBITDA.
Key Takeaways
Revolve Group delivered an outstanding fourth quarter in 2024, marked by a 14% year-over-year increase in net sales to $293.7 million, and a more than doubling of net income and Adjusted EBITDA. The company also reported strong full-year results with net sales of $1.13 billion and net income of $48.8 million.
Net sales increased by 14% year-over-year to $293.7 million in Q4 2024.
Net income more than doubled, increasing by 237% year-over-year to $11.77 million in Q4 2024.
Adjusted EBITDA increased by 114% year-over-year to $18.272 million in Q4 2024.
Gross profit increased by 15% year-over-year to $154.298 million, with gross margin expanding to 52.5% in Q4 2024.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Revolve Group provided guidance for the full year ending December 31, 2025, and the first quarter ending March 31, 2025, anticipating continued growth and efficiency gains.
Positive Outlook
- FY 2025 Gross margin expected to be between 52.4% and 52.9%.
- Q1 2025 Gross margin expected to be between 52.2% and 52.7%.
- FY 2025 General and administrative expenses projected to be $155 million to $158 million.
- Q1 2025 General and administrative expenses projected to be $39.5 million.
- FY 2025 Effective tax rate expected to be between 24% and 26%.
Challenges Ahead
- FY 2025 Fulfillment expenses expected to be 3.0% to 3.2% of net sales.
- FY 2025 Selling and distribution expenses expected to be 17.0% to 17.2% of net sales.
- FY 2025 Marketing expenses expected to be 14.9% to 15.1% of net sales.
- Q1 2025 Fulfillment expenses expected to be 3.2% of net sales.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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