REV Group, Inc.REVGEarnings & Financial Report
Rev is an American speech-to-text company that provides closed captioning, subtitles, and transcription services. The company, based in San Francisco and Austin, was founded in 2010. PC Magazine named the service an "Editor's Choice" in 2018, and ranked it as the best transcription service of 2019.
Revenue
$616.9M
Gross Profit
$77.3M
Operating Profit
$22.9M
Net Profit
$15.2M
Gross Margin
12.5%
Operating Margin
3.7%
Net Margin
2.5%
YoY Growth
-9.4%
EPS
$0.28
REV Group, Inc. Q2 FY2024 Financial Summary
REV Group, Inc. reported revenue of $616.9M (down 9.4% YoY) for Q2 FY2024, with a net profit of $15.2M (up 7.0% YoY) (2.5% margin). Cost of goods sold was $539.6M, operating expenses totaled $54.4M.
Key Financial Metrics
| Total Revenue | $616.9M |
|---|---|
| Net Profit | $15.2M |
| Gross Margin | 12.5% |
| Operating Margin | 3.7% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
REV Group, Inc. Q2 FY2024 revenue of $616.9M breaks down across 2 segments, led by Specialty Vehicles at $437.4M (70.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Specialty Vehicles | $437.4M | 70.9% |
| Recreational Vehicles | $179.7M | 29.1% |
REV Group, Inc. Revenue by Segment — Quarterly Trend
REV Group, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Specialty Vehicles and Recreational Vehicles) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Specialty Vehicles | $507.4M | $483.3M | $453.9M | $370.2M |
| Recreational Vehicles | $157.2M | $161.7M | $175.3M | $155.0M |
REV Group, Inc. Annual Revenue by Year
REV Group, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.5B).
| Year | Annual Revenue |
|---|---|
| 2025 | $2.5B |
| 2024 | $2.4B |
| 2023 | $2.6B |
| 2022 | $2.3B |
REV Group, Inc. Quarterly Revenue & Net Profit History
REV Group, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $664.4M | +11.1% | $28.9M | 4.3% |
| Q3 FY2025 | $644.9M | +11.3% | $29.1M | 4.5% |
| Q2 FY2025 | $629.1M | +2.0% | $19.0M | 3.0% |
| Q1 FY2025 | $525.1M | -10.4% | $18.2M | 3.5% |
| Q4 FY2024 | $597.9M | -13.8% | $41.7M | 7.0% |
| Q3 FY2024 | $579.4M | -14.8% | $18.0M | 3.1% |
| Q2 FY2024 | $616.9M | -9.4% | $15.2M | 2.5% |
| Q1 FY2024 | $586.0M | +0.4% | $182.7M | 31.2% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $586.0M | $616.9M | $579.4M | $597.9M | $525.1M | $629.1M | $644.9M | $664.4M |
| YoY Growth | 0.4% | -9.4% | -14.8% | -13.8% | -10.4% | 2.0% | 11.3% | 11.1% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.42B | $1.33B | $1.33B | $1.21B | $1.24B | $1.23B | $1.22B | $1.20B |
| Liabilities | $925.0M | $950.7M | $940.1M | $777.9M | $813.3M | $869.8M | $831.7M | $783.7M |
| Equity | $496.1M | $379.7M | $394.6M | $435.1M | $428.8M | $357.8M | $387.3M | $416.3M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-69.7M | $40.1M | $14.4M | $68.6M | $-13.1M | $117.0M | $60.3M | $76.9M |