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ARHS

Arhaus, Inc.

ARHS

Arhaus, Inc. • NASDAQ
$10.34 ▼ -1.34% (-0.14)
Market Cap $1.46 B
52w High $13.02
52w Low $6.61
Dividend Yield 0.50%
P/E 19.88
Volume 610.37K
Outstanding Shares 141.06M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $344.57M ▼ $117.014M ▲ $12.218M ▼ 3.546% ▼ $0.09 ▼ $40.152M ▼
Q2-2025 $358.435M ▲ $100.924M ▼ $35.066M ▲ 9.783% ▲ $0.25 ▲ $70.821M ▲
Q1-2025 $311.372M ▼ $110.166M ▲ $4.882M ▼ 1.568% ▼ $0.03 ▼ $26.937M ▼
Q4-2024 $347.011M ▲ $110.139M ▼ $21.294M ▲ 6.136% ▲ $0.15 ▲ $48.086M ▲
Q3-2024 $319.133M $112.401M $9.923M 3.109% $0.071 $10.671M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $262.23M ▲ $1.379B ▲ $978.222M ▲ $400.416M ▲
Q2-2025 $234.797M ▲ $1.318B ▲ $932.763M ▲ $385.613M ▲
Q1-2025 $214.394M ▲ $1.265B ▲ $916.114M ▲ $348.828M ▲
Q4-2024 $197.511M ▲ $1.206B ▼ $862.571M ▼ $343.745M ▲
Q3-2024 $177.722M $1.209B $888.666M $320.645M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $12.218M ▼ $46.11M ▲ $-18.075M ▼ $-599K ▼ $27.436M ▲ $27.981M ▲
Q2-2025 $35.066M ▲ $34.913M ▼ $-14.001M ▲ $-407K ▲ $20.505M ▲ $20.912M ▲
Q1-2025 $4.882M ▼ $46.515M ▲ $-27.621M ▼ $-1.909M ▼ $16.985M ▼ $18.894M ▲
Q4-2024 $21.294M ▲ $31.683M ▲ $-10.848M ▲ $-844K ▲ $19.991M ▲ $12.999M ▲
Q3-2024 $9.923M $31.122M $-26.528M $-1.055M $3.539M $4.594M

Revenue by Products

Product Q3-2024Q1-2025Q2-2025Q3-2025
Reportable Segment
Reportable Segment
 $0 ▲$310.00M ▲$360.00M ▲$340.00M ▼
eCommerce
eCommerce
 $50.00M ▲$0 ▼$0 ▲$0 ▲
Segment Retail
Segment Retail
 $260.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Arhaus has grown from a much smaller business into a clearly scaled retailer, with revenue now several times higher than a few years ago. That said, sales have recently flattened and are no longer climbing the way they did earlier in the decade. Profitability remains solidly positive but has come down from earlier peak levels, suggesting some margin pressure from costs, promotions, or a slower demand environment. Overall, the income statement shows a mature, profitable business that has shifted from rapid expansion to a more moderate, efficiency-focused phase, with some risk that earnings remain under pressure if the home-furnishings cycle stays soft.

Balance Sheet

Balance Sheet The balance sheet has strengthened meaningfully compared with the pre‑IPO period: the company has moved from negative equity to a solid positive capital base, and total assets have expanded steadily as the business has grown. Cash balances are healthy relative to the company’s past, giving some financial flexibility, although they ticked down slightly most recently. At the same time, debt levels have climbed over the years, indicating more reliance on borrowing to fund growth and operations. The combination suggests a company that is much stronger than it used to be but carrying a higher leverage load, which could be a sensitivity point in a downturn or if expansion plans falter.

Cash Flow

Cash Flow Arhaus consistently generates cash from its core operations, which is a key strength and a sign that reported profits are backed by real cash earnings. Free cash flow has remained positive, but it has been held down by heavier investment in new stores, infrastructure, and systems. This pattern—solid operating cash paired with sizable capital spending—fits a growth-minded retailer still building out its footprint and capabilities. The main question going forward is whether these investments translate into renewed revenue and profit growth, or whether they start to strain cash generation if sales momentum stays modest.

Competitive Edge

Competitive Edge Arhaus operates in a premium corner of the home furnishings market, aimed at design-conscious, higher-income customers, which can offer more resilience and better pricing than mass-market retail. Its vertically integrated model, heavy use of exclusive designs, and direct relationships with artisans create a distinctive product lineup that is harder for competitors to copy or undercut purely on price. The brand is reinforced by large showrooms, complimentary design services, and an integrated online experience, all of which deepen customer engagement and support repeat business. However, the company still faces competition from other upscale home brands and from shifting consumer tastes, and it remains exposed to swings in housing activity and discretionary spending.

Innovation and R&D

Innovation and R&D While Arhaus does not rely on traditional lab-style R&D, it invests heavily in business-model innovation: vertically integrated sourcing, proprietary designs, and tech-enabled showrooms and studios. Its omnichannel setup, 3D room-planning tools, and interior design services turn furniture shopping into more of a personalized project, which can drive larger, higher-margin orders. The rollout of smaller “studio” formats and new categories like bath shows a willingness to experiment with formats and product lines while staying within its aesthetic and brand promise. Success will depend on how smoothly it executes its new ERP system, how well its digital tools convert interest into purchases, and whether new categories attract fresh customers without diluting the core brand.

Summary

Arhaus has transformed itself into a scaled, profitable, premium home-furnishings brand with a clear identity and a defensible niche built around exclusivity, design services, and vertical integration. Financially, it shows a strong improvement over its early years, with steady asset growth, durable cash generation, and a cleaner equity position, though recent revenue stagnation and margin compression point to a cooler operating environment. Rising debt levels and sustained capital spending add some financial risk if demand softens further, but they also reflect a deliberate bet on store expansion and technology upgrades. Overall, the story is of a differentiated, brand-led retailer that has already made a big leap in size and profitability and now needs its next phase of innovation and expansion to reignite growth without overextending its balance sheet.

NEWS

November 25, 2025 · 4:01 PM UTC

Arhaus to Participate in Upcoming Investor Conferences

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November 6, 2025 · 6:00 AM UTC

Arhaus Reports Third Quarter 2025 Financial Results

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