Record Adjusted EBITDA Growth
Adjusted EBITDA increased by 45% year-over-year to $25 million, marking the highest ever for a third quarter.
Gross Margin Expansion
Consolidated gross margin increased to 54.6%, a gain of nearly 3.5 percentage points year-over-year, significantly outperforming guidance.
Cash Position Strengthening
Free cash flows tripled, increasing cash position by $63 million or 25% year-over-year, with no debt on the balance sheet.
International Growth in China
REVOLVE segment net sales in Mainland China increased more than 50% year-over-year.
Owned Brand Success
Owned brand penetration increased for the third consecutive quarter, contributing to higher-than-expected gross margins.
AI Integration for Efficiency
AI is being leveraged to drive efficiency across design and back-office functions, resulting in cost efficiencies and improved productivity.