RHRHEarnings & Financial Report
RH is an upscale American home-furnishings company headquartered in Corte Madera, California. The company sells its merchandise through its retail stores, catalog, and online. As of August 2018, the company operated a total of 70 galleries, 18 full-line design galleries, and 3 baby-and-child galleries. The company also has 36 outlet stores in the United States and Canada.
Revenue
$814.0M
Gross Profit
$355.3M
Operating Profit
$55.9M
Net Profit
$8.0M
Gross Margin
43.7%
Operating Margin
6.9%
Net Margin
1.0%
YoY Growth
12.0%
EPS
$0.40
Financial Flow
RH Q2 2026 Financial Summary
RH reported revenue of $814.0M (up 12.0% YoY) for Q2 2026, with a net profit of $8.0M (up 321.8% YoY) (1.0% margin). Cost of goods sold was $458.6M, operating expenses totaled $299.4M.
Key Financial Metrics
| Total Revenue | $814.0M |
|---|---|
| Net Profit | $8.0M |
| Gross Margin | 43.7% |
| Operating Margin | 6.9% |
| Report Period | Q2 2026 |
Revenue Breakdown
RH Q2 2026 revenue of $814.0M breaks down across 3 segments, led by RH Segment at $765.0M (94.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| RH Segment | $765.0M | 94.0% |
| Waterworks Segment | $49.0M | 6.0% |
| Gift Card And Merchandise Credit | $6.5M | 0.8% |
RH Revenue by Segment — Quarterly Trend
RH revenue by segment across the last 4 reported quarters, showing how each business line (such as RH Segment and Waterworks Segment) has evolved quarter over quarter.
| Segment | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 |
|---|---|---|---|---|
| RH Segment | $835.8M | $846.7M | $765.0M | $793.9M |
| Waterworks Segment | $48.0M | $52.4M | $49.0M | $48.8M |
| Gift Card And Merchandise Credit | $4.5M | $5.2M | $6.5M | $5.8M |
RH Annual Revenue by Year
RH annual revenue history includes year-by-year totals (for example, 2026 revenue was $3.4B).
| Year | Annual Revenue |
|---|---|
| 2026 | $3.4B |
| 2025 | $3.1B |
| 2024 | $3.1B |
| 2023 | $3.6B |
RH Quarterly Revenue & Net Profit History
RH 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 2026 | $883.8M | +8.9% | $36.3M | 4.1% |
| Q3 2026 | $899.2M | +8.4% | $51.7M | 5.8% |
| Q2 2026 | $814.0M | +12.0% | $8.0M | 1.0% |
| Q1 2026 | $812.4M | +10.0% | $13.9M | 1.7% |
| Q4 2025 | $811.7M | +0.0% | $33.2M | 4.1% |
| Q3 2025 | $829.7M | +10.4% | $29.0M | 3.5% |
| Q2 2025 | $727.0M | -9.2% | $-3.6M | -0.5% |
| Q1 2025 | $738.3M | -0.1% | $11.4M | 1.5% |
Income Statement
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $738.3M | $727.0M | $829.7M | $811.7M | $812.4M | $814.0M | $899.2M | $883.8M |
| YoY Growth | -0.1% | -9.2% | 10.4% | 0.0% | 10.0% | 12.0% | 8.4% | 8.9% |
Balance Sheet
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $4.14B | $4.19B | $4.38B | $4.46B | $4.55B | $4.65B | $4.70B | $4.79B |
| Liabilities | $4.44B | $4.48B | $4.61B | $4.65B | $4.72B | $4.76B | $4.74B | $4.79B |
| Equity | $-297.4M | $-289.9M | $-234.7M | $-183.0M | $-163.6M | $-110.8M | $-40.9M | $3.3M |
Cash Flow
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-114.0M | $56.1M | $11.2M | $-31.4M | $-18.8M | $86.6M | $137.7M | $131.9M |