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Side-by-side financial comparison of Arhaus, Inc. (ARHS) and Upstart Holdings, Inc. (UPST). Click either name above to swap in a different company.
Arhaus, Inc. is the larger business by last-quarter revenue ($364.8M vs $296.1M, roughly 1.2× Upstart Holdings, Inc.). Upstart Holdings, Inc. runs the higher net margin — 6.3% vs 4.1%, a 2.2% gap on every dollar of revenue. On growth, Upstart Holdings, Inc. posted the faster year-over-year revenue change (35.2% vs 5.1%). Upstart Holdings, Inc. produced more free cash flow last quarter ($108.4M vs $-8.8M). Over the past eight quarters, Upstart Holdings, Inc.'s revenue compounded faster (52.2% 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.
Upstart is an AI lending platform that partners with banks and credit unions to provide consumer loans using non-traditional variables, such as education and employment, to predict creditworthiness.
ARHS vs UPST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $364.8M | $296.1M |
| Net Profit | $15.1M | $18.6M |
| Gross Margin | 38.1% | — |
| Operating Margin | 5.6% | 6.4% |
| Net Margin | 4.1% | 6.3% |
| Revenue YoY | 5.1% | 35.2% |
| Net Profit YoY | -29.1% | 776.4% |
| EPS (diluted) | $0.11 | $0.20 |
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 | $296.1M | ||
| Q3 25 | $344.6M | $277.1M | ||
| Q2 25 | $358.4M | $257.3M | ||
| Q1 25 | $311.4M | $213.4M | ||
| Q4 24 | $347.0M | $219.0M | ||
| Q3 24 | $319.1M | $162.1M | ||
| Q2 24 | $309.8M | $127.6M | ||
| Q1 24 | $295.2M | $127.8M |
| Q4 25 | $15.1M | $18.6M | ||
| Q3 25 | $12.2M | $31.8M | ||
| Q2 25 | $35.1M | $5.6M | ||
| Q1 25 | $4.9M | $-2.4M | ||
| Q4 24 | $21.3M | $-2.8M | ||
| Q3 24 | $9.9M | $-6.8M | ||
| Q2 24 | $22.2M | $-54.5M | ||
| Q1 24 | $15.1M | $-64.6M |
| Q4 25 | 38.1% | — | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 41.4% | — | ||
| Q1 25 | 37.1% | — | ||
| Q4 24 | 40.0% | — | ||
| Q3 24 | 38.6% | — | ||
| Q2 24 | 40.1% | — | ||
| Q1 24 | 39.0% | — |
| Q4 25 | 5.6% | 6.4% | ||
| Q3 25 | 4.8% | 8.5% | ||
| Q2 25 | 13.0% | 1.8% | ||
| Q1 25 | 1.7% | -2.1% | ||
| Q4 24 | 8.2% | -2.2% | ||
| Q3 24 | 3.3% | -27.8% | ||
| Q2 24 | 9.5% | -43.5% | ||
| Q1 24 | 6.2% | -52.8% |
| Q4 25 | 4.1% | 6.3% | ||
| Q3 25 | 3.5% | 11.5% | ||
| Q2 25 | 9.8% | 2.2% | ||
| Q1 25 | 1.6% | -1.1% | ||
| Q4 24 | 6.1% | -1.3% | ||
| Q3 24 | 3.1% | -4.2% | ||
| Q2 24 | 7.2% | -42.7% | ||
| Q1 24 | 5.1% | -50.5% |
| Q4 25 | $0.11 | $0.20 | ||
| Q3 25 | $0.09 | $0.23 | ||
| Q2 25 | $0.25 | $0.05 | ||
| Q1 25 | $0.03 | $-0.03 | ||
| Q4 24 | $0.15 | $-0.01 | ||
| Q3 24 | $0.07 | $-0.07 | ||
| Q2 24 | $0.16 | $-0.62 | ||
| Q1 24 | $0.11 | $-0.74 |
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 | $652.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $418.2M | $798.8M |
| Total Assets | $1.4B | $3.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $253.4M | $652.4M | ||
| Q3 25 | $262.2M | $489.8M | ||
| Q2 25 | $234.8M | $395.9M | ||
| Q1 25 | $214.4M | $599.8M | ||
| Q4 24 | $197.5M | $788.4M | ||
| Q3 24 | $177.7M | — | ||
| Q2 24 | $174.2M | — | ||
| Q1 24 | $233.2M | — |
| Q4 25 | $418.2M | $798.8M | ||
| Q3 25 | $400.4M | $743.7M | ||
| Q2 25 | $385.6M | $722.0M | ||
| Q1 25 | $348.8M | $676.6M | ||
| Q4 24 | $343.7M | $633.2M | ||
| Q3 24 | $320.6M | $595.5M | ||
| Q2 24 | $309.3M | $594.7M | ||
| Q1 24 | $285.6M | $612.8M |
| Q4 25 | $1.4B | $3.0B | ||
| Q3 25 | $1.4B | $2.9B | ||
| Q2 25 | $1.3B | $2.5B | ||
| Q1 25 | $1.3B | $2.3B | ||
| Q4 24 | $1.2B | $2.4B | ||
| Q3 24 | $1.2B | $1.8B | ||
| Q2 24 | $1.2B | $1.8B | ||
| Q1 24 | $1.2B | $1.9B |
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 | $108.6M |
| Free Cash FlowOCF − Capex | $-8.8M | $108.4M |
| FCF MarginFCF / Revenue | -2.4% | 36.6% |
| Capex IntensityCapex / Revenue | 5.0% | 0.1% |
| Cash ConversionOCF / Net Profit | 0.62× | 5.82× |
| TTM Free Cash FlowTrailing 4 quarters | $59.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.3M | $108.6M | ||
| Q3 25 | $46.1M | $-122.6M | ||
| Q2 25 | $34.9M | $-120.2M | ||
| Q1 25 | $46.5M | $-13.5M | ||
| Q4 24 | $31.7M | $-110.9M | ||
| Q3 24 | $31.1M | $179.3M | ||
| Q2 24 | $47.5M | $65.3M | ||
| Q1 24 | $36.8M | $52.6M |
| Q4 25 | $-8.8M | $108.4M | ||
| Q3 25 | $28.0M | $-122.7M | ||
| Q2 25 | $20.9M | $-120.3M | ||
| Q1 25 | $18.9M | — | ||
| Q4 24 | $13.0M | — | ||
| Q3 24 | $4.6M | $179.2M | ||
| Q2 24 | $11.3M | $65.3M | ||
| Q1 24 | $10.9M | $51.9M |
| Q4 25 | -2.4% | 36.6% | ||
| Q3 25 | 8.1% | -44.3% | ||
| Q2 25 | 5.8% | -46.7% | ||
| Q1 25 | 6.1% | — | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 1.4% | 110.5% | ||
| Q2 24 | 3.6% | 51.1% | ||
| Q1 24 | 3.7% | 40.6% |
| Q4 25 | 5.0% | 0.1% | ||
| Q3 25 | 5.3% | 0.0% | ||
| Q2 25 | 3.9% | 0.0% | ||
| Q1 25 | 8.9% | 0.0% | ||
| Q4 24 | 5.4% | 0.0% | ||
| Q3 24 | 8.3% | 0.1% | ||
| Q2 24 | 11.7% | 0.0% | ||
| Q1 24 | 8.8% | 0.5% |
| Q4 25 | 0.62× | 5.82× | ||
| Q3 25 | 3.77× | -3.86× | ||
| Q2 25 | 1.00× | -21.43× | ||
| Q1 25 | 9.53× | — | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | 3.14× | — | ||
| Q2 24 | 2.14× | — | ||
| Q1 24 | 2.44× | — |
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% |
UPST
| Personal Lending Segment | $201.4M | 68% |
| Servicing Fees Net | $39.5M | 13% |
| Servicing Fees | $27.5M | 9% |
| Other | $15.7M | 5% |
| Borrower Fees | $8.4M | 3% |
| Collection Agency Fees | $3.5M | 1% |
