RH (RH) financial statements: income statement, balance sheet and cash flow
RH's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jan 31, 2026 · FY), RH reported revenue of $3.4B (+8.1% year on year) and net income of $124.8M (+72.3% year on year).
Income statement
RH income statement, fiscal years
Line item
Jan 31, 2026 · FY
Feb 1, 2025 · FY
Feb 3, 2024 · FY
Jan 28, 2023 · FY
Net revenues
$3.4B
$3.2B
$3.0B
$3.6B
Cost of goods sold
$1.9B
$1.8B
$1.6B
$1.8B
Gross profit
$1.5B
$1.4B
$1.4B
$1.8B
Selling, general and administrative expenses
$1.1B
$1.1B
$1.0B
$1.1B
Operating income
$387.3M
$322.6M
$366.1M
$722.2M
Interest expense-net
$225.4M
$230.6M
$198.3M
$113.2M
Other (income) expense-net
($5.0M)
$3.4M
$1.1M
—
Total other expenses
$220.3M
$234.0M
$199.4M
$282.8M
Income before taxes and equity method investments
$166.9M
$88.6M
$166.7M
$439.3M
Income tax expense
$47.2M
$4.8M
$28.3M
($91.4M)
Income before equity method investments
$119.8M
$83.8M
$138.4M
$530.7M
Share of equity method investments net (income) loss
($5.0M)
$11.4M
$10.9M
$2.1M
Net income
$124.8M
$72.4M
$127.6M
$528.6M
Weighted-average shares used in computing basic net income per share
$18753509.00
$18487319.00
$19880576.00
$23523065.00
Basic net income per share
$6.65
$3.92
$6.42
$22.47
Weighted-average shares used in computing diluted net income per share
$19791251.00
$19991599.00
$21600478.00
$26561988.00
Diluted net income per share
$6.31
$3.62
$5.91
$19.90
RH income statement, quarters
Line item
Aug 1, 2026 · Q3
May 2, 2026 · Q2
Nov 1, 2025 · Q4
Aug 2, 2025 · Q3
Net revenues
$922.1M
$800.3M
$883.8M
$899.2M
Cost of goods sold
$477.3M
$469.1M
$494.1M
$489.9M
Gross profit
$444.9M
$331.3M
$389.7M
$409.3M
Selling, general and administrative expenses
$337.3M
$297.0M
$283.8M
$280.4M
Operating income
$107.6M
$34.2M
$105.9M
$128.9M
Interest expense-net
$51.0M
$52.7M
$57.2M
$57.4M
Other income-net
($1.9M)
$737.0K
$694.0K
($574.0K)
Total other expenses
$49.1M
$53.4M
$57.8M
$56.8M
Income before taxes and equity method investments
$58.4M
($19.2M)
$48.1M
$72.1M
Income tax expense
$16.2M
($5.9M)
$11.6M
$19.0M
Income before equity method investments
$42.2M
($13.3M)
$36.5M
$53.1M
Share of equity method investments net income
($18.0M)
$442.0K
$194.0K
$1.4M
Net income
$60.2M
($13.7M)
$36.3M
$51.7M
Weighted-average shares used in computing basic net income per share
$18913130.00
$18845313.00
$18760088.00
$18737234.00
Basic net income per share
$3.18
-$0.73
$1.93
$2.76
Weighted-average shares used in computing diluted net income per share
$19669307.00
$18845313.00
$19807541.00
$19737331.00
Diluted net income per share
$3.06
-$0.73
$1.83
$2.62
Balance sheet
RH balance sheet, fiscal years
Line item
Jan 31, 2026 · FY
Feb 1, 2025 · FY
Feb 3, 2024 · FY
Jan 28, 2023 · FY
Cash and cash equivalents
$41.2M
$30.4M
$123.7M
$1.5B
Accounts receivable-net
$63.4M
$63.5M
$55.1M
$59.8M
Merchandise inventories
$818.5M
$1.0B
$754.1M
$801.8M
Prepaid expense and other current assets
$184.5M
$177.8M
$169.0M
$139.3M
Total current assets
$1.1B
$1.3B
$1.1B
$2.5B
Property and equipment-net
$2.2B
$1.9B
$1.7B
$1.6B
Operating lease right-of-use assets
$795.4M
$617.1M
$625.8M
$527.2M
Goodwill
$144.2M
$140.9M
$141.0M
$141.0M
Tradenames, trademarks and other intangible assets-net
$79.8M
$76.1M
$75.9M
$74.6M
Deferred tax assets
$128.4M
$147.7M
$144.0M
$167.0M
Equity method investments
$119.8M
$126.9M
$128.7M
$101.5M
Other non-current assets
$301.8M
$271.4M
$240.7M
$149.2M
Total assets
$4.8B
$4.6B
$4.1B
$5.3B
Accounts payable and accrued expenses
$386.7M
$413.4M
$366.6M
$374.9M
Deferred revenue and customer deposits
$338.5M
$291.8M
$282.8M
$325.8M
Operating lease liabilities
$110.3M
$100.9M
$85.5M
$80.4M
Other current liabilities
$95.1M
$99.0M
$96.1M
$103.2M
Total current liabilities
$930.6M
$905.1M
$872.9M
$886.0M
Asset based credit facility
$20.0M
$200.0M
—
$0
Term loan-net
$2.4B
$2.4B
$2.4B
$2.4B
Real estate loans-net
$15.2M
$15.5M
$17.8M
$17.9M
Non-current operating lease liabilities
$705.1M
$573.5M
$576.2M
$505.8M
Non-current finance lease liabilities
$718.8M
$630.7M
$566.8M
$653.0M
Deferred tax liabilities
$17.7M
$10.4M
$8.4M
$6.3M
Other non-current liabilities
$14.0M
$11.9M
$10.6M
$8.1M
Total liabilities
$4.8B
$4.7B
$4.4B
$4.5B
Common stock-$0.0001 par value per share, 180,000,000 shares authorized, 18,818,976 shares issued and outstanding as of January 31, 2026; 18,726,116 shares issued and outstanding as of February 1, 2025
$2000.00
$2000.00
$2000.00
$2000.00
Additional paid-in capital
$410.5M
$362.3M
$287.8M
$247.1M
Accumulated other comprehensive income (loss)
$36.2M
($15.1M)
($1.9M)
($2.4M)
Accumulated deficit
($386.1M)
($510.9M)
($583.3M)
$540.0M
Total stockholders' equity (deficit)
$60.6M
($163.6M)
($297.4M)
$784.7M
Total liabilities and stockholders' equity (deficit)
$4.8B
$4.6B
$4.1B
$5.3B
RH balance sheet, quarters
Line item
Aug 1, 2026
May 2, 2026
Nov 1, 2025
Aug 2, 2025
Cash and cash equivalents
$125.5M
$53.8M
$43.1M
$34.6M
Accounts receivable-net
$79.1M
$72.4M
$63.1M
$61.2M
Merchandise inventories
$772.7M
$802.4M
$874.9M
$956.9M
Prepaid expense and other current assets
$181.8M
$195.2M
$143.3M
$148.9M
Total current assets
$1.2B
$1.1B
$1.1B
$1.2B
Property and equipment-net
$2.6B
$2.2B
$2.2B
$2.0B
Operating lease right-of-use assets
$864.7M
$835.1M
$726.6M
$638.1M
Goodwill and intangible assets-net
$224.4M
$224.2M
—
—
Deferred tax assets
$128.3M
$128.4M
$147.9M
$148.0M
Equity method investments
$69.1M
$119.3M
$121.4M
$121.6M
Other non-current assets
$91.2M
$297.3M
$274.5M
$346.1M
Total assets
$5.1B
$4.9B
$4.8B
$4.7B
Accounts payable and accrued expenses
$423.5M
$411.6M
$376.6M
$380.5M
Deferred revenue and customer deposits
$402.0M
$382.4M
$348.9M
$351.5M
Operating lease liabilities
$113.3M
$110.3M
$107.0M
$105.9M
Other current liabilities
$94.3M
$92.6M
$113.7M
$116.0M
Total current liabilities
$1.0B
$996.9M
$946.2M
$953.9M
Term loan-net
$2.3B
$2.3B
$2.4B
$2.4B
Real estate loan-net
$15.0M
$15.1M
$15.3M
$15.4M
Non-current operating lease liabilities
$749.4M
$733.3M
$658.3M
$588.1M
Non-current finance lease liabilities
$837.2M
$734.2M
$721.6M
$657.8M
Deferred tax liabilities
$17.4M
$17.6M
$11.4M
$11.4M
Other non-current liabilities
$13.8M
$14.4M
$14.5M
$13.9M
Total liabilities
$5.0B
$4.9B
$4.8B
$4.7B
Common stock-$0.0001 par value per share, 180,000,000 shares authorized, 18,931,251 shares issued and outstanding as of August 1, 2026; 18,818,976 shares issued and outstanding as of January 31, 2026
$2000.00
$2000.00
$2000.00
$2000.00
Additional paid-in capital
$438.9M
$425.1M
$399.8M
$387.6M
Accumulated other comprehensive income
$21.1M
$31.6M
$18.4M
$22.6M
Accumulated deficit
($339.6M)
($399.8M)
($414.8M)
($451.1M)
Total stockholders' equity
$120.3M
$56.9M
$3.3M
($40.9M)
Total liabilities and stockholders' equity
$5.1B
$4.9B
$4.8B
$4.7B
Cash flow statement
RH cash flow statement, fiscal years
Line item
Jan 31, 2026 · FY
Feb 1, 2025 · FY
Feb 3, 2024 · FY
Jan 28, 2023 · FY
Net income
$124.8M
$72.4M
$127.6M
$528.6M
Depreciation and amortization
$148.5M
$130.2M
$119.0M
$108.6M
Non-cash operating lease cost
$105.4M
$96.4M
$86.7M
$75.2M
Stock-based compensation expense
$43.9M
$44.2M
$39.4M
$43.5M
Asset impairments
$4.6M
$37.6M
$8.3M
$24.2M
Non-cash finance lease interest expense
$40.1M
$31.9M
$33.8M
$32.1M
Deferred income taxes
$25.6M
($1.5M)
$25.3M
($92.0M)
Share of equity method investments net (income) loss
($5.0M)
$11.4M
$10.9M
$2.1M
Distribution of return on equity method investment
$4.6M
—
—
—
Other non-cash items
$8.8M
$9.1M
$7.4M
$5.2M
Accounts receivable
$250.0K
($8.5M)
$4.7M
($1.8M)
Merchandise inventories
$213.8M
($268.6M)
$47.3M
($77.2M)
Prepaid expense and other assets
($53.9M)
($19.4M)
($65.7M)
($102.5M)
Landlord assets under construction-net of tenant allowances
($89.0M)
($51.5M)
($25.4M)
($51.4M)
Accounts payable and accrued expenses
($13.6M)
$46.8M
($41.1M)
($56.3M)
Deferred revenue and customer deposits
$41.4M
$9.4M
($43.0M)
($62.1M)
Other current liabilities
($5.0M)
($1.8M)
($5.9M)
($37.7M)
Current and non-current operating lease liabilities
($105.0M)
($90.3M)
($95.6M)
($77.0M)
Other non-current obligations
($38.2M)
($30.6M)
($31.4M)
($32.5M)
Net cash provided by operating activities
$452.2M
$17.1M
$202.2M
$403.7M
Capital expenditures
($199.8M)
($230.8M)
($269.4M)
($173.6M)
Acquisition of business
($32.1M)
—
—
—
Equity method investments
($374.0K)
($9.6M)
($38.1M)
($2.7M)
Acquisition of intangible asset
($3.1M)
—
—
—
Receipt of promissory note repayment from equity method investee
$1.8M
—
—
—
Distribution of return of equity method investment
$7.9M
—
—
—
Proceeds from insurance recoveries
$2.1M
—
—
—
Net cash used in investing activities
($223.7M)
($240.4M)
($307.4M)
($171.1M)
Borrowings under asset based credit facility
$325.0M
$235.0M
—
—
Repayments under asset based credit facility
($505.0M)
($35.0M)
—
—
Repayments under term loans
($25.0M)
($25.0M)
($25.0M)
($21.3M)
Debt issuance costs
($3.3M)
—
—
($28.1M)
Principal payments under finance lease agreements-net of tenant allowances
($13.0M)
($20.8M)
($14.0M)
($10.1M)
Proceeds from exercise of stock options
$4.4M
$30.9M
$12.1M
$231.3M
Other financing activities
($2.4M)
—
—
—
Net cash provided by (used in) financing activities
($219.4M)
$130.6M
($1.3B)
($902.5M)
Effects of foreign currency exchange rate translation on cash
$1.6M
($547.0K)
$173.0K
($243.0K)
Net increase (decrease) in cash and cash equivalents
$10.8M
($93.3M)
($1.4B)
($670.1M)
Beginning of period
$30.4M
$123.7M
$1.5B
$2.2B
Cash paid for interest
$217.1M
$219.7M
$246.2M
$133.8M
Cash paid for income taxes (Note 13)
$12.8M
—
$14.3M
$41.4M
Property and equipment additions in accounts payable and accrued expenses at period-end
$19.1M
$47.7M
$40.8M
$17.8M
Landlord asset additions in accounts payable and accrued expenses at period-end
$21.2M
$10.0M
$3.8M
$1.2M
RH cash flow statement, quarters
Line item
Aug 1, 2026 · YTD
May 2, 2026 · Q2
Nov 1, 2025 · YTD
Aug 2, 2025 · YTD
Net income
$46.5M
($13.7M)
$96.0M
$59.7M
Depreciation and amortization
$79.7M
$38.7M
$108.2M
$69.9M
Non-cash operating lease cost
$55.6M
$27.5M
$78.0M
$51.1M
Stock-based compensation expense
$24.4M
$11.9M
$35.3M
$24.0M
Asset impairments
$523.0K
—
$5.9M
$3.9M
Non-cash finance lease interest expense
$24.2M
$11.3M
$28.9M
$18.2M
Share of equity method investments net income
($17.5M)
$442.0K
($6.7M)
($6.9M)
Non-cash loss on variable interest entities restructuring
$10.7M
—
—
—
Distribution of return on equity method investment
$8.1M
—
$4.6M
$4.6M
Other non-cash items
$4.7M
$2.3M
$4.6M
$2.1M
Accounts receivable
($15.7M)
($9.0M)
$497.0K
$2.4M
Merchandise inventories
$43.8M
$15.4M
$155.3M
$73.6M
Prepaid expense and other assets
($11.0M)
($11.4M)
($21.5M)
($13.1M)
Landlord assets under construction-net of tenant allowances
($78.4M)
($38.6M)
($64.7M)
($46.5M)
Accounts payable and accrued expenses
$39.4M
$16.6M
($30.1M)
($22.2M)
Deferred revenue and customer deposits
$64.1M
$44.1M
$52.3M
$54.8M
Other current liabilities
($3.4M)
($3.1M)
$12.7M
$13.5M
Current and non-current operating lease liabilities
($54.6M)
($29.1M)
($78.8M)
($50.4M)
Other non-current liabilities
($23.3M)
($10.8M)
($26.4M)
($16.3M)
Net cash provided by operating activities
$197.7M
$52.5M
$356.2M
$224.3M
Capital expenditures
($84.9M)
($39.2M)
($158.4M)
($109.6M)
Distribution of return of equity method investment
$42.0M
—
$7.9M
$7.9M
Net cash used in investing activities
($42.9M)
($39.2M)
($182.1M)
($134.1M)
Borrowings under asset based credit facility
$165.0M
$105.0M
$290.0M
$260.0M
Repayments under asset based credit facility
($185.0M)
($95.0M)
($425.0M)
($325.0M)
Repayments under term loans
($12.5M)
($6.3M)
($18.8M)
($12.5M)
Repayments under real estate loans
($31.5M)
—
($254.0K)
($169.0K)
Principal payments under finance lease agreements-net of tenant allowances
($10.1M)
($7.0M)
($7.8M)
($8.0M)
Proceeds from exercise of stock options
$4.0M
$2.7M
$2.2M
$1.3M
Tax withholdings related to issuance of stock-based awards
($18.0K)
—
($55.0K)
($31.0K)
Net cash used in financing activities
($70.1M)
($584.0K)
($162.6M)
($87.2M)
Effects of foreign currency exchange rate translation on cash
($361.0K)
($85.0K)
$1.2M
$1.2M
Net increase in cash and cash equivalents
$84.3M
$12.6M
$12.7M
$4.1M
Beginning of period
$41.2M
$41.2M
$30.4M
$30.4M
End of period
$125.5M
$53.8M
$43.1M
$34.6M
Property and equipment additions in accounts payable and accrued expenses at period-end
$23.2M
$18.1M
$29.1M
$32.1M
Landlord asset additions in accounts payable and accrued expenses at period-end
$15.2M
$30.5M
$18.2M
$11.4M
Property and equipment additions acquired in VIE restructuring (Note 6)
$60.5M
—
—
—
Real estate loan acquired in VIE restructuring (Note 6)