NYSE$RH

RH · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

RH reported Q1 2025 net revenues of $814.0M with net income of $8.0M and diluted EPS of $0.43.

Net revenues rose to $814.0 million as demand trends improved versus the prior-year quarter. Net income was $8.0 million, or $0.43 per diluted share, compared to a net loss a year ago. Gallery expansion, hospitality, and product elevation remain the core growth levers.

  • Q1 net revenues $814.0M.
  • Net income $8.0M; diluted EPS $0.43.
  • Gross margin and SG&A discipline support operating leverage.
  • Housing and luxury discretionary trends remain key swing factors.

Headline financials

Total Revenue

$814M

No prior period
EPS (adj)

$0.43

No prior period
Operating Margin

6.9%

No prior period
Adjusted Op. Margin

7.0%

No prior period
Adjusted EBITDA

$106M

No prior period
Adj. EBITDA Margin

13.1%

No prior period
Capital Expenditures

-$52.6M

Previous: -$66.3M+20.7%
Free Cash Flow

-$44.5M

No prior period
Net Income

$8.04M

No prior period
Operating Income

$55.9M

No prior period
Gross Profit

$355M

No prior period
Cash & Equivalents

$46.1M

No prior period
Total Assets

$4.65B

No prior period

Revenue & EPS history

RH · Revenue · Quarterly

$814M

Q1 2025
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

Apparel and specialty retail outlook focuses on traffic, inventory, promotions, and category trends into the next quarter.

Tailwinds

  • Product newness and loyalty programs support conversion.
  • Inventory discipline and margin stabilization efforts.

Headwinds

  • Discretionary spending and promotional competition.
  • Tariffs, freight, and wage inflation on gross margin.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+4.2%

Avg return

Earnings day

+3.2%

Avg return

5 days after

+5.6%

Avg return

30 days after

60%

32 / 53 earnings

Positive

+43.8%

Q2 2017

Best reaction

-24.2%

Q1 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.7%-14.5%
Q4 2025-3.7%+1.3%+15.2%
Q3 2025+6.6%+11.2%+42.8%
Q2 2025-4.7%+0.6%-24.0%
Q1 2025+7.0%+6.9%+17.3%
Q4 2024-2.9%+2.4%-23.8%
Q3 2024+11.8%+3.2%+3.8%
Q2 2024+30.3%+33.9%+33.6%
Q1 2024+0.0%+1.3%+23.7%
Q4 2023+21.7%+16.9%-13.1%
Q3 2023-13.5%-9.6%-5.8%
Q2 2023-16.7%-17.8%-33.5%
Q1 2023-5.0%-3.1%+12.0%
Q3 2022+4.7%+0.4%+11.5%
Q2 2022+6.0%+1.7%-0.5%
Q1 2022+5.0%+5.5%-23.9%
Q4 2021-9.0%-12.8%-3.9%
Q3 2021+5.6%-1.6%-14.1%
Q2 2021+9.1%+5.5%-2.6%
Q1 2021+12.5%+7.4%+12.3%
Q4 2020+4.0%+11.3%+35.3%
Q3 2020-4.1%-9.6%+2.6%
Q2 2020+23.6%+22.0%+19.1%
Q1 2020-3.5%-1.3%+0.0%
Q4 2019-9.4%-22.3%+39.6%
Q3 2019+16.6%+18.7%+4.8%
Q2 2019+8.8%+13.1%+15.2%
Q1 2019+17.9%+21.4%+31.1%
Q4 2018-20.4%-21.8%-18.1%
Q3 2018+18.1%+18.0%+1.3%
Q2 2018-17.3%-20.7%-26.2%
Q1 2018+36.8%+42.0%+17.2%
Q4 2017+17.4%+21.3%+12.7%
Q3 2017+2.3%+2.6%-12.2%
Q2 2017+43.8%+37.6%+53.7%
Q1 2017-24.2%-18.9%+15.0%
Q4 2016+20.5%+17.0%+42.0%
Q3 2016-15.9%-16.7%-23.3%
Q2 2016+4.3%+2.5%-3.5%
Q1 2016-19.7%-27.4%-16.3%
Q4 2015+5.1%
Q3 2015-5.0%
Q2 2015+7.6%
Q1 2015+0.4%
Q4 2014+5.1%
Q3 2014+8.8%
Q2 2014-2.5%
Q1 2014+15.9%
Q4 2013+13.3%
Q3 2013-1.2%
Q2 2013-12.7%
Q1 2013+19.1%
Q4 2012+10.6%
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011

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