Arhaus, Inc. ARHS
Founded in 1986 by John Reed, our Chief Executive Officer ("CEO"), and his father, Arhaus, Inc. ("Arhaus", "Company", "we", "us" or "our") is a premium home furnishings brand built on a simple idea: furniture and décor should be responsibly sourced, lovingly made, and built to last. We operate a vertically integrated model, designing and sourcing products directly from skilled artisans and carefully selected manufacturing vendors around the world, including domestic upholstery production at our own North Carolina manufacturing facility. This approach enables us to offer a highly exclusive and customizable assortment of heirloom-quality furniture and décor designed to be used and enjoyed for generations. Design is at the core of everything Arhaus does. With more than 100 Showroom locations across the United States, our integrated omni-channel model connects every client touchpoint, from Showroom and interior design to eCommerce and catalog, allowing us to meet clients wherever and however they choose to shop while delivering a highly personalized client-first experience from discovery through delivery. On November 4, 2021, the Company completed its initial public offering ("IPO") of its Class A common stock, which is traded on the Nasdaq Global Select Market (the "Nasdaq") under the symbol "ARHS".
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Retail
- eCommerce
| Segment | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Retail | $1.15B | $1.05B | $1.05B |
| eCommerce | $233.7M | $219.6M | $242.6M |
As the company reported it, from the “Segment Reporting - Schedule of Net Revenue by Merchandise Sales Channel (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.38B | $1.27B | $1.29B | $1.23B | $796.9M | $507.4M | $494.5M | — |
| Cost of revenue | $842.8M | $769.9M | $747.3M | $703.9M | $467.0M | $307.9M | $318.6M | — |
| Gross profit | $536.4M | $501.2M | $540.4M | $525.1M | $329.9M | $199.5M | $176.0M | — |
| SG&A | $447.4M | $415.4M | $376.1M | $340.4M | $296.1M | $168.6M | $146.3M | — |
| Operating income | $88.9M | $87.0M | $164.3M | $184.7M | $33.4M | $30.9M | $29.7M | — |
| Interest expense | — | — | $3.4M | $3.4M | $5.4M | $13.1M | $13.4M | — |
| Pre-tax income | $92.0M | $90.9M | $168.7M | $182.6M | $26.8M | $17.8M | $16.2M | — |
| Income tax | $24.7M | $22.4M | $43.5M | $45.9M | $10.1M | $783.0K | $368.0K | — |
| Net income | $67.3M | $68.5M | $125.2M | $136.6M | $36.9M | $6.1M | $7.5M | — |
| EPS, basic | 0.48 | 0.49 | 0.90 | 0.99 | 0.18 | 0.03 | 0.04 | — |
| EPS, diluted | 0.48 | 0.49 | 0.89 | 0.98 | 0.18 | 0.03 | 0.04 | — |
| Shares, diluted (wtd. avg.) | 141.4M | 140.7M | 140.1M | 139.6M | 119.5M | 112.1M | 112.1M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $253.4M | $197.5M | $226.3M | $152.5M | $130.9M | $64.0M | $20.1M | $24.2M |
| Receivables | $663.0K | $1.3M | $2.4M | $1.7M | $228.0K | $600.0K | — | — |
| Inventory | $338.8M | $297.0M | $254.3M | $286.4M | $208.3M | $108.0M | — | — |
| Total current assets | $621.4M | $531.0M | $509.3M | $449.8M | $430.1M | $192.6M | — | — |
| Property, plant and equipment | $316.2M | $282.5M | $220.2M | $120.7M | $111.7M | $117.7M | — | — |
| Goodwill | $11.0M | $11.0M | $11.0M | $11.0M | $11.0M | $11.0M | — | — |
| Total assets | $1.39B | $1.21B | $1.11B | $877.0M | $817.3M | $322.6M | — | — |
| Accounts payable | $78.4M | $68.6M | $63.7M | $62.6M | $51.4M | $29.1M | — | — |
| Total current liabilities | $453.3M | $402.5M | $342.3M | $424.7M | $444.7M | $213.2M | — | — |
| Total liabilities | $976.5M | $862.6M | $764.9M | $753.5M | $730.7M | $357.0M | — | — |
| Retained earnings | $210.4M | $142.9M | $145.3M | $20.1M | -$116.6M | -$28.4M | — | — |
| Total equity | $418.2M | $343.7M | $340.2M | $209.7M | $69.8M | -$34.4M | -$38.0M | -$46.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $136.8M | $147.1M | $168.7M | $77.5M | $139.8M | $148.3M | $20.0M | — |
| Depreciation and amortisation | $46.8M | $39.1M | $29.4M | $24.9M | $23.9M | $17.0M | $16.0M | — |
| Stock-based compensation | $9.2M | $7.6M | $7.9M | $4.3M | $6.4M | $403.0K | $272.0K | — |
| Capital expenditure | $77.9M | $107.4M | $93.4M | $55.7M | $41.5M | $13.0M | $9.9M | — |
| Investing cash flow | -$77.8M | -$99.5M | -$93.1M | -$55.7M | -$41.5M | -$13.0M | -$9.9M | — |
| Financing cash flow | -$3.5M | -$73.0M | -$1.8M | -$177.0K | -$31.5M | -$91.3M | -$14.3M | — |
| Dividends paid | $361.0K | $70.3M | $0 | $0 | — | — | — | — |
| Buybacks | — | — | — | $0 | $0 | $100.0K | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001875444-26-000010.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $494.5M | $507.4M | $796.9M | $1.23B | $1.29B | $1.27B | $1.38B |
| Gross profit | — | $176.0M | $199.5M | $329.9M | $525.1M | $540.4M | $501.2M | $536.4M |
| Net income | — | $7.5M | $6.1M | $36.9M | $136.6M | $125.2M | $68.5M | $67.3M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Officer or director change Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 5712
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|---|---|---|---|---|
| RH | RH | $2.60B | 21.8x | 8.1% |
| LOVE | Lovesac Co | $226.7M | 55.3x | 2.4% |
| HVT | HAVERTY FURNITURE COMPANIES INC | — | — | 5.0% |
| HTLM | HomesToLife Ltd | — | — | 12.8% |