Revolve (RVLV), Amplitude (AMPL), Strategic Education (STRA) Cash Piles Mask Weak Fundamentals

On June 5, 2026, investment research firm StockStory flagged three cash-heavy companies with questionable business models: Revolve Group (NYSE: RVLV), Amplitude (NASDAQ: AMPL), and Strategic Education (NASDAQ: STRA). The firm advises investors to avoid these stocks despite their net cash positions. Revolve holds $302.4 million in net cash, equating to 21.9% of its market capitalization. However, the online fashion retailer trades at 10.6 times forward EV/EBITDA amid concerns over its reliance on influencer-driven merchandising. Amplitude, with $171.8 million in net cash (16.7% of market cap), faces worries about limited expansion as its digital analytics platform trades at 2.6 times forward price-to-sales. Strategic Education’s $48.43 million net cash represents just 2.7% of market cap, and the for-profit education provider’s stock trades at 1.3 times forward price-to-sales. StockStory suggests better opportunities exist elsewhere.