10-Q · June 11, 2026
RH's Q1 2026 results show revenues of $800 million, slightly below the $814 million from Q1 2025, representing a decline. However, the company reported a smaller loss per share of $1.97 compared to a loss of $2.04…
Earnings analysis · 10-Q
RH earnings analysis
Filed September 10, 2026 · Our reading of the company's report
The latest report
RH reported diluted EPS of $2.70, materially above the $1.78 consensus estimate, but revenue of $922.15 million missed the $936.25 million estimate by 1.5%. The filing provides no quantitative guidance and states there…
Read full summary
RH reported diluted EPS of $2.70, materially above the $1.78 consensus estimate, but revenue of $922.15 million missed the $936.25 million estimate by 1.5%. The filing provides no quantitative guidance and states there were no material changes to the risk factors in the 2025 Form 10-K. Sentiment is neutral because the substantial earnings beat was offset by the revenue shortfall and limited forward visibility.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $2.7
What stood out
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Strong EPS Beat
Reported EPS was $2.70 versus the $1.78 consensus estimate, a $0.92 beat, or 51.7%.
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Revenue Missed Estimates
Revenue was $922.15 million, below the $936.25 million consensus estimate by $14.10 million, or 1.5%.
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Effective Disclosure Controls
The filing states that disclosure controls were effective as of August 1, 2026, providing reasonable assurance over required reporting.
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No Share Repurchases
No common stock was repurchased during the three months ended August 1, 2026; repurchases were zero for each of the three reported periods.
What to watch
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Revenue Shortfall
Revenue of $922.15 million fell $14.10 million short of the $936.25 million consensus estimate, indicating demand or execution risk despite the EPS beat.
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Litigation and Regulatory Exposure
The company states that litigation, claims, investigations and regulatory proceedings could result in unexpected expenses and liability and materially affect operations and reputation; the filing reports no material changes to the risk factors in the 2025 Form 10-K.
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Limited Forward Visibility
No quantitative outlook was provided in the 10-Q, leaving limited visibility into future revenue and EPS and no disclosed basis for assessing whether the $2.70 quarterly EPS result is sustainable.
Management's outlook
The 10-Q does not provide quantitative revenue or EPS guidance, and no change to prior outlook is disclosed.
Earlier filings 4
10-K · April 1, 2026
RH reported significant financial growth for fiscal year 2025, with net revenues of $3.44 billion, an 8.1% increase from fiscal 2024. However, it faced challenges with a decline in margins due to increased costs and…
10-Q · December 11, 2025
RH reported a revenue increase of 8.9% to $883.8 million in Q3 2025, though it experienced an EPS decline to $1.71 from $1.66 in the prior quarter. Segment performance reflected growth in both the RH core business and…
10-Q · September 11, 2025
RH reported Q2 2025 revenue of $899 million, a significant increase from $830 million in Q2 2024, reflecting a 8.4% growth year-over-year. However, EPS came in lower than expectations at $2.93 compared to $3.21…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.