Every 10-Q that RH (RH) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow RH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RH filings page.
RH (RH) reported modest top-line growth but mixed profitability for the quarter ended August 1, 2026. Net revenues were $922.2 million, up from $899.2 million, while gross margin improved to 48.2% from 45.5%, helped by a $55 million reduction in cost of goods sold from tariff refunds. Quarterly net income rose to $60.2 million (diluted EPS $3.06) from $51.7 million. However, higher selling, general and administrative expenses (36.5% of sales vs. 31.2%) reduced operating income to $107.6 million from $128.9 million, and year-to-date net income declined to $46.5 million from $59.7 million.
Operating cash flow for the first six months was strong at $197.7 million, supporting a rise in cash to $125.5 million from $41.2 million at year-end, aided by $67 million of tariff refunds, $32 million of credit card interchange litigation settlement proceeds and a $50 million distribution from Aspen real estate joint ventures. Inventories declined to $772.7 million from $818.6 million, while stockholders’ equity doubled to $120.3 million, though the balance sheet remains highly leveraged with $2.39 billion of term loans and $1.72 billion of lease liabilities. RH also completed a restructuring of its Aspen real estate structures, recognizing $20 million of equity-method income and a non-cash $11 million loss tied to acquiring control of an RH Guesthouse property.
RH reported a tougher quarter, swinging to a loss as margins compressed and interest costs stayed high. Net revenues fell 1.7% to $800.3 million, mainly from softer core and Contract sales, partly offset by higher hospitality revenue from new Galleries.
Gross profit declined to $331.3 million, with gross margin down to 41.4% from 43.7% as higher occupancy from new openings and weaker outlet and core product margins weighed on results. RH recorded a net loss of $13.7 million versus $8.0 million of profit a year earlier, or a loss of $0.73 per share.
Despite the loss, operations generated $52.5 million of operating cash flow, and cash ended at $53.8 million. Debt remains significant, with about $2.42 billion outstanding on credit facilities, though the company kept ample ABL availability and continues to invest in new Galleries and global expansion.
RH reported solid growth for the quarter and year-to-date period ended November 1, 2025. Net revenues reached $883,810,000 for the quarter and $2,596,913,000 for the first nine months, both above the prior year. Quarterly net income was $36,265,000, and nine‑month net income rose to $96,012,000, lifting diluted earnings per share to $1.83 for the quarter and $4.84 year to date.
The company improved its balance sheet, moving from a stockholders’ deficit of $163,589,000 at the start of the year to positive equity of $3,346,000, helped by higher earnings and foreign currency translation gains. Cash from operating activities increased sharply to $356,175,000 for the nine months, driven in part by inventory reductions. RH also closed a $32,119,000 acquisition of the Formations and Dennis & Leen home furnishings business, adding $2,770,000 of goodwill and expanding its luxury product assortment, while maintaining substantial leverage through term loans and significant lease obligations.
RH disclosed selected financial and corporate items in its Quarterly Report on Form 10-Q. The company reported 18,744,120 shares outstanding as of August 2, 2025 (18,726,116 as of February 1, 2025). It completed a business acquisition for $32 million funded from cash and recorded the transaction as a business combination under ASC 805. The company has a promissory note of $16 million maturing September 9, 2032, carrying a fixed interest rate of 5.37% until September 15, 2027, then resetting to five-year Treasury plus 2.00% subject to a 3.00% floor; the note is secured by Member LLC assets with no recourse to RH general assets.
RH disclosed liquidity arrangements including an asset-based lending (ABL) facility with $600 million capacity (with $300 million accordion to $900 million), separate availability for certain subsidiaries, and compliance with a fixed charge coverage ratio covenant of 1.0 as of August 2, 2025. The filing notes variable-rate exposure on borrowings, term loan tranches maturing October 20, 2028, equity method investments in two European entities, payment obligations under a Financing Program (approximately $20 million and $35 million referenced), and uncertainty around legal contingencies and tax law changes related to OECD Pillar II with no material tax impact for the periods presented.