RH FY 2025 Earnings Report — Rh Revenue & Financial Results | Market Cap Arena

FY 2025 Earnings

Reported March 31, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$3.4B	—	$3.2B	—	8.1%
Op. Income	$387M	—	$368M	—	5.3%
Gross Margin	44.1%	—	44.5%	—	-0.4pp
Net Margin	3.6%	—	2.3%	—	1.4pp
EPS (Diluted)	$6.31	—	$3.62	—	74.3%
Free Cash Flow	$252M	—	-$214M	—	218.1%

Revenue Flow

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$1.9B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$1.1B
Cost & Expenses	$3.1B
OPERATING INCOME	$387M
Interest Income	$0
Interest Expense	$225M
Other Income/Expenses	-$220M
INCOME BEFORE TAX	$167M
Income Tax Expense	$42M
Net Income from Continuing Ops	$125M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$125M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$125M
D&A	$0
EBIT	$387M
EBITDA	$387M
EPS	$7
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$1.9B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$1.1B
Cost & Expenses	$3.1B
OPERATING INCOME	$387M
Interest Income	$0
Interest Expense	$225M
Other Income/Expenses	-$220M
INCOME BEFORE TAX	$167M
Income Tax Expense	$42M
Net Income from Continuing Ops	$125M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$125M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$125M
D&A	$0
EBIT	$387M
EBITDA	$387M
EPS	$7
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$125M
Depreciation & Amortization	$149M
Stock-Based Compensation	$44M
Deferred Income Tax	$26M
Other Non-Cash Items	$159M
Change in Working Capital	-$49M
OPERATING CASH FLOW	$452M
Capital Expenditure	-$200M
Acquisitions (Net)	-$32M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$8M
NET CASH FROM INVESTING	-$224M
Net Debt Issuance	-$218M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$6M
NET CASH FROM FINANCING	-$219M
FREE CASH FLOW	$252M
Net Change in Cash	$11M

Balance Sheet

Item	Amount
Cash & Equivalents	$41M
Short-Term Investments	$0
Net Receivables	$121M
Inventory	$819M
Other Current Assets	$127M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$3.0B
Goodwill	$144M
Intangible Assets	$80M
Long-Term Investments	$120M
Tax Assets	$0
Other Non-Current Assets	$430M
TOTAL NON-CURRENT ASSETS	$3.7B
TOTAL ASSETS	$4.8B
Account Payables	$198M
Short-Term Debt	$25M
Deferred Revenue	$339M
Other Current Liabilities	$200M
TOTAL CURRENT LIABILITIES	$931M
Long-Term Debt	$2.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$18M
Other Non-Current Liabilities	$14M
TOTAL NON-CURRENT LIABILITIES	$3.8B
TOTAL LIABILITIES	$4.8B
Common Stock	$2.0K
Additional Paid-In Capital	$410M
Retained Earnings	-$386M
Treasury Stock	$0
Accum. Other Comp. Income	$36M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$61M
Minority Interest	$0
TOTAL EQUITY	$61M
TOTAL LIABILITIES & EQUITY	$4.8B
Total Debt	$4.0B
Net Debt	$3.9B