ARHS

MKT CAP:$1B

Arhaus, Inc.

Market Cap

$1B

Consumer Cyclical·Home Improvement·🇺🇸 United States·NASDAQ

Consumer Cyc.·Home Improvement·🇺🇸·NASDAQ

Stock Price

$7.52-$3.84 (-33.80%)

Apr 23, 2026

Company Details

Arhaus, Inc. operates as a lifestyle brand and premium retailer in the home furnishings market. It provides merchandise assortments across various categories, including furniture, lighting, textiles, décor, and outdoor. The company's furnit...

CEO

John Reed

IPO Date

Nov 4, 2021

Website

www.arhaus.com

Key Metrics TTM

Revenue

$1.4B

+8.5% YoY

Net Income

$67M

EPS (Diluted)

$0.48

Free Cash Flow

$59M

Revenue / Share

$9.75

Gross Margin

38.9%

Operating Margin

6.4%

Net Margin

4.9%

FCF Margin

4.3%

P/S

0.8x

P/E

16.1x

Earnings Reports

Q1 2026

May 14, 2026

PENDING

FY 2025

Feb 26, 2026

$1.4B+8.5%EPS $0.48

Q4 2025

Feb 26, 2026

$365M+5.1%EPS $0.11

Q3 2025

Nov 6, 2025

$345M+8.0%EPS $0.09

Q2 2025

Aug 7, 2025

$358M+15.7%EPS $0.25

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$246M	$98M	$23M
Q2 22	$306M	$133M	$50M
Q3 22	$320M	$136M	$47M
Q4 22	$356M	$158M	$64M
Q1 23	$305M	$128M	$45M
Q2 23	$313M	$140M	$54M
Q3 23	$326M	$131M	$24M
Q4 23	$344M	$141M	$41M
Q1 24	$295M	$115M	$18M
Q2 24	$310M	$124M	$29M
Q3 24	$319M	$123M	$11M
Q4 24	$347M	$139M	$29M
Q1 25	$311M	$116M	$5M
Q2 25	$358M	$148M	$47M
Q3 25	$345M	$133M	$16M
Q4 25	$365M	$139M	$20M

Valuation

Quarter	P/S	P/E
Q1 22	1.7x	39.9x
Q2 22	1.3x	19.0x
Q3 22	1.0x	11.6x
Q4 22	0.9x	7.9x
Q1 23	0.8x	7.0x
Q2 23	0.8x	6.8x
Q3 23	0.8x	7.7x
Q4 23	0.8x	8.6x
Q1 24	0.8x	10.2x
Q2 24	0.8x	12.2x
Q3 24	0.9x	13.8x
Q4 24	0.8x	15.8x
Q1 25	0.8x	18.5x
Q2 25	0.8x	15.2x
Q3 25	0.8x	14.7x
Q4 25	0.8x	16.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$35M	$25M
Q2 22	$6M	-$4M
Q3 22	$21M	$532.0K
Q4 22	$16M	$509.0K
Q1 23	$8M	-$828.0K
Q2 23	$54M	$30M
Q3 23	$84M	$60M
Q4 23	$41M	-$14M
Q1 24	$37M	$11M
Q2 24	$47M	$11M
Q3 24	$31M	$5M
Q4 24	$32M	$13M
Q1 25	$47M	$19M
Q2 25	$35M	$21M
Q3 25	$46M	$28M
Q4 25	$9M	-$9M

Capital Expenditures

Quarter	CapEx
Q1 22	$10M
Q2 22	$10M
Q3 22	$20M
Q4 22	$16M
Q1 23	$9M
Q2 23	$24M
Q3 23	$24M
Q4 23	$55M
Q1 24	$26M
Q2 24	$36M
Q3 24	$27M
Q4 24	$19M
Q1 25	$28M
Q2 25	$14M
Q3 25	$18M
Q4 25	$18M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+119.8%	+119.4%
Q2 22	+173.3%	+151.4%
Q3 22	+165.6%	+134.7%
Q4 22	+118.8%	+86.7%
Q1 23	+23.7%	+16.0%
Q2 23	+2.2%	+1.1%
Q3 23	+1.9%	+10.8%
Q4 23	-3.5%	+3.8%
Q1 24	-3.1%	+6.8%
Q2 24	-1.0%	+8.3%
Q3 24	-2.2%	+2.0%
Q4 24	+0.9%	+5.1%
Q1 25	+5.5%	+10.5%
Q2 25	+15.7%	+11.1%
Q3 25	+8.0%	+6.4%
Q4 25	+5.1%	+8.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$697.0K	0.3%
Q2 22	$692.0K	0.2%
Q3 22	$1M	0.4%
Q4 22	$2M	0.5%
Q1 23	$2M	0.5%
Q2 23	$2M	0.7%
Q3 23	$2M	0.6%
Q4 23	$2M	0.6%
Q1 24	$2M	0.7%
Q2 24	$1M	0.4%
Q3 24	$2M	0.6%
Q4 24	$2M	0.7%
Q1 25	$2M	0.5%
Q2 25	$2M	0.5%
Q3 25	$3M	0.9%
Q4 25	$3M	0.8%

OpEx Breakdown

Quarter	SG&A
Q1 22	$75M
Q2 22	$83M
Q3 22	$89M
Q4 22	$94M
Q1 23	$83M
Q2 23	$86M
Q3 23	$107M
Q4 23	$100M
Q1 24	$97M
Q2 24	$95M
Q3 24	$112M
Q4 24	$111M
Q1 25	$110M
Q2 25	$101M
Q3 25	$117M
Q4 25	$119M

Revenue Segments

Quarter	Segment, Retail	E Commerce	Reportable Segment
Q1 22	$203M	$44M	—
Q2 22	$256M	$50M	—
Q3 22	$269M	$51M	—
Q4 22	$294M	$62M	—
Q1 23	$250M	$54M	—
Q2 23	$257M	$56M	—
Q3 23	$262M	$64M	—
Q4 23	$276M	$68M	—
Q1 24	$243M	$52M	—
Q2 24	$258M	$52M	—
Q3 24	$265M	$54M	—
Q1 25	—	—	$311M
Q2 25	—	—	$358M
Q3 25	—	—	$345M
Q4 25	—	—	$365M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$149M	$0	$149M
Q2 22	$145M	$0	$145M
Q3 22	$146M	$0	$146M
Q4 22	$145M	$0	$145M
Q1 23	$145M	$0	$145M
Q2 23	$177M	$0	$177M
Q3 23	$237M	$0	$237M
Q4 23	$223M	$0	$223M
Q1 24	$233M	$0	$233M
Q2 24	$174M	$0	$174M
Q3 24	$178M	$0	$178M
Q4 24	$198M	$0	$198M
Q1 25	$214M	$0	$214M
Q2 25	$235M	$0	$235M
Q3 25	$262M	$0	$262M
Q4 25	$253M	$0	$253M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	139M	-1.0%	+388.0%
Q2 22	139M	+0.5%	+390.6%
Q3 22	140M	+0.3%	-0.2%
Q4 22	140M	-0.0%	-0.2%
Q1 23	140M	+0.1%	+0.9%
Q2 23	140M	+0.0%	+0.4%
Q3 23	140M	+0.1%	+0.2%
Q4 23	140M	+0.1%	+0.4%
Q1 24	141M	+0.2%	+0.4%
Q2 24	141M	+0.3%	+0.7%
Q3 24	141M	-0.1%	+0.4%
Q4 24	141M	-0.1%	+0.2%
Q1 25	141M	+0.4%	+0.4%
Q2 25	141M	+0.1%	+0.2%
Q3 25	142M	+0.4%	+0.7%
Q4 25	141M	-0.2%	+0.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$141.6K	2K
Q2 22	$176.0K	2K
Q3 22	$183.9K	2K
Q4 22	$168.1K	2K
Q1 23	$143.7K	2K
Q2 23	$147.6K	2K
Q3 23	$153.9K	2K
Q4 23	$150.9K	2K
Q1 24	$129.5K	2K
Q2 24	$135.9K	2K
Q3 24	$140.0K	2K
Q4 24	$138.3K	3K
Q1 25	$124.1K	3K
Q2 25	$142.8K	3K
Q3 25	$137.3K	3K
Q4 25	$130.3K	3K

Revenue / Employee