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Side-by-side financial comparison of Arhaus, Inc. (ARHS) and BILL Holdings, Inc. (BILL). Click either name above to swap in a different company.
BILL Holdings, Inc. is the larger business by last-quarter revenue ($414.7M vs $364.8M, roughly 1.1× Arhaus, Inc.). Arhaus, Inc. runs the higher net margin — 4.1% vs -0.6%, a 4.8% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs 5.1%). BILL Holdings, Inc. produced more free cash flow last quarter ($103.8M vs $-8.8M). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs 11.2%).
Arhaus, Inc.ARHSEarnings & Financial Report
Arhaus, Inc. is an upscale American home furnishings company headquartered in Boston Heights, Ohio. Founded in 1986 with a focus on sustainability and artisanship in product quality, Arhaus provides a diversified assortment of specialty goods and services addressing omnichannel direct-to-consumer and business-to-business residential and commercial operations.
BILL Holdings, Inc. is an American company based in San Jose, California, that provides automated, cloud-based software for financial operations for small businesses in the United States. A white-labeled, end-to-end payments automation platform, Bill.com Connect is offered to financial institutions as part of their single sign-on online business banking ecosystem.
ARHS vs BILL — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $364.8M | $414.7M |
| Net Profit | $15.1M | $-2.6M |
| Gross Margin | 38.1% | 79.8% |
| Operating Margin | 5.6% | -4.4% |
| Net Margin | 4.1% | -0.6% |
| Revenue YoY | 5.1% | 14.4% |
| Net Profit YoY | -29.1% | -107.7% |
| EPS (diluted) | $0.11 | $-0.03 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $364.8M | $414.7M | ||
| Q3 25 | $344.6M | $395.7M | ||
| Q2 25 | $358.4M | $383.3M | ||
| Q1 25 | $311.4M | $358.2M | ||
| Q4 24 | $347.0M | $362.6M | ||
| Q3 24 | $319.1M | $358.4M | ||
| Q2 24 | $309.8M | $343.7M | ||
| Q1 24 | $295.2M | $323.0M |
| Q4 25 | $15.1M | $-2.6M | ||
| Q3 25 | $12.2M | $-3.0M | ||
| Q2 25 | $35.1M | $-7.1M | ||
| Q1 25 | $4.9M | $-11.6M | ||
| Q4 24 | $21.3M | $33.5M | ||
| Q3 24 | $9.9M | $8.9M | ||
| Q2 24 | $22.2M | $7.6M | ||
| Q1 24 | $15.1M | $31.8M |
| Q4 25 | 38.1% | 79.8% | ||
| Q3 25 | 38.7% | 80.5% | ||
| Q2 25 | 41.4% | 80.8% | ||
| Q1 25 | 37.1% | 81.2% | ||
| Q4 24 | 40.0% | 81.6% | ||
| Q3 24 | 38.6% | 82.0% | ||
| Q2 24 | 40.1% | 81.0% | ||
| Q1 24 | 39.0% | 83.0% |
| Q4 25 | 5.6% | -4.4% | ||
| Q3 25 | 4.8% | -5.2% | ||
| Q2 25 | 13.0% | -5.8% | ||
| Q1 25 | 1.7% | -8.1% | ||
| Q4 24 | 8.2% | -6.0% | ||
| Q3 24 | 3.3% | -2.1% | ||
| Q2 24 | 9.5% | -6.5% | ||
| Q1 24 | 6.2% | -8.6% |
| Q4 25 | 4.1% | -0.6% | ||
| Q3 25 | 3.5% | -0.7% | ||
| Q2 25 | 9.8% | -1.8% | ||
| Q1 25 | 1.6% | -3.2% | ||
| Q4 24 | 6.1% | 9.3% | ||
| Q3 24 | 3.1% | 2.5% | ||
| Q2 24 | 7.2% | 2.2% | ||
| Q1 24 | 5.1% | 9.8% |
| Q4 25 | $0.11 | $-0.03 | ||
| Q3 25 | $0.09 | $-0.03 | ||
| Q2 25 | $0.25 | $0.02 | ||
| Q1 25 | $0.03 | $-0.11 | ||
| Q4 24 | $0.15 | $-0.06 | ||
| Q3 24 | $0.07 | $0.08 | ||
| Q2 24 | $0.16 | $0.37 | ||
| Q1 24 | $0.11 | $0.00 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $253.4M | $1.1B |
| Total DebtLower is stronger | — | $1.8B |
| Stockholders' EquityBook value | $418.2M | $3.8B |
| Total Assets | $1.4B | $10.1B |
| Debt / EquityLower = less leverage | — | 0.48× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $253.4M | $1.1B | ||
| Q3 25 | $262.2M | $1.1B | ||
| Q2 25 | $234.8M | $1.0B | ||
| Q1 25 | $214.4M | $1.0B | ||
| Q4 24 | $197.5M | $1.6B | ||
| Q3 24 | $177.7M | $853.5M | ||
| Q2 24 | $174.2M | $985.9M | ||
| Q1 24 | $233.2M | $952.5M |
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $914.8M | ||
| Q2 24 | — | $914.0M | ||
| Q1 24 | — | $1.1B |
| Q4 25 | $418.2M | $3.8B | ||
| Q3 25 | $400.4M | $3.9B | ||
| Q2 25 | $385.6M | $3.9B | ||
| Q1 25 | $348.8M | $3.9B | ||
| Q4 24 | $343.7M | $3.8B | ||
| Q3 24 | $320.6M | $4.0B | ||
| Q2 24 | $309.3M | $4.1B | ||
| Q1 24 | $285.6M | $4.1B |
| Q4 25 | $1.4B | $10.1B | ||
| Q3 25 | $1.4B | $10.2B | ||
| Q2 25 | $1.3B | $10.1B | ||
| Q1 25 | $1.3B | $9.6B | ||
| Q4 24 | $1.2B | $9.7B | ||
| Q3 24 | $1.2B | $9.0B | ||
| Q2 24 | $1.2B | $9.2B | ||
| Q1 24 | $1.2B | $9.1B |
| Q4 25 | — | 0.48× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | — | 0.23× | ||
| Q2 24 | — | 0.22× | ||
| Q1 24 | — | 0.28× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $9.3M | $105.3M |
| Free Cash FlowOCF − Capex | $-8.8M | $103.8M |
| FCF MarginFCF / Revenue | -2.4% | 25.0% |
| Capex IntensityCapex / Revenue | 5.0% | 0.4% |
| Cash ConversionOCF / Net Profit | 0.62× | — |
| TTM Free Cash FlowTrailing 4 quarters | $59.0M | $378.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.3M | $105.3M | ||
| Q3 25 | $46.1M | $96.9M | ||
| Q2 25 | $34.9M | $83.8M | ||
| Q1 25 | $46.5M | $99.5M | ||
| Q4 24 | $31.7M | $78.7M | ||
| Q3 24 | $31.1M | $88.6M | ||
| Q2 24 | $47.5M | $78.6M | ||
| Q1 24 | $36.8M | $66.8M |
| Q4 25 | $-8.8M | $103.8M | ||
| Q3 25 | $28.0M | $95.6M | ||
| Q2 25 | $20.9M | $81.0M | ||
| Q1 25 | $18.9M | $98.4M | ||
| Q4 24 | $13.0M | $78.3M | ||
| Q3 24 | $4.6M | $88.6M | ||
| Q2 24 | $11.3M | $78.4M | ||
| Q1 24 | $10.9M | $66.8M |
| Q4 25 | -2.4% | 25.0% | ||
| Q3 25 | 8.1% | 24.1% | ||
| Q2 25 | 5.8% | 21.1% | ||
| Q1 25 | 6.1% | 27.5% | ||
| Q4 24 | 3.7% | 21.6% | ||
| Q3 24 | 1.4% | 24.7% | ||
| Q2 24 | 3.6% | 22.8% | ||
| Q1 24 | 3.7% | 20.7% |
| Q4 25 | 5.0% | 0.4% | ||
| Q3 25 | 5.3% | 0.3% | ||
| Q2 25 | 3.9% | 0.7% | ||
| Q1 25 | 8.9% | 0.3% | ||
| Q4 24 | 5.4% | 0.1% | ||
| Q3 24 | 8.3% | 0.0% | ||
| Q2 24 | 11.7% | 0.1% | ||
| Q1 24 | 8.8% | 0.0% |
| Q4 25 | 0.62× | — | ||
| Q3 25 | 3.77× | — | ||
| Q2 25 | 1.00× | — | ||
| Q1 25 | 9.53× | — | ||
| Q4 24 | 1.49× | 2.35× | ||
| Q3 24 | 3.14× | 9.94× | ||
| Q2 24 | 2.14× | 10.35× | ||
| Q1 24 | 2.44× | 2.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
BILL
| Accounts Payable And Accounts Receivable Solutions | $185.9M | 45% |
| Spend And Expense Interchange Revenue | $166.5M | 40% |
| Interest On Funds Held For Customers | $39.5M | 10% |
| Embedded And Other Solutions | $22.8M | 5% |
