Revolve Group delivered a solid Q3 2025, with a 45% year-over-year increase in adjusted EBITDA to a record $25 million, driven by impressive gross margin expansion despite only 4% net sales growth.
- Achieved gross margin of 54.6%, a nearly 350 basis point increase year-over-year, significantly surpassing expectations.
- Adjusted EBITDA rose 45% year-over-year, highlighting strong operational performance amid challenging market conditions.
- Free cash flow more than tripled in the first nine months of 2025, bolstering cash position by 25% to $63 million.
- Ongoing investments in international markets and brand activations are expected to bolster long-term growth prospects, particularly in Mainland China.
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