Arhaus (ARHS) financial statements
Arhaus reported revenue of $1.4B in fiscal 2025, up 18.6% a year over 6 years.
Net income was $67M and the operating margin 6.4%, against 6.0% in 2019.
Free cash flow was $59M, and the company returned $361,000 in dividends.
The diluted share count rose 26% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Arhaus's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $495M | $507M | $797M | $1.2B | $1.3B | $1.3B | $1.4B |
| Cost of revenue | $319M | $308M | $467M | $704M | $747M | $770M | $843M |
| Gross profit | $176M | $200M | $330M | $525M | $540M | $501M | $536M |
| Selling, general and admin | $146M | $169M | $296M | $340M | $376M | $415M | $447M |
| Operating income | $30M | $31M | $33M | $185M | $164M | $87M | $89M |
| Interest expense | $13M | $13M | $5M | $3M | — | — | — |
| Pre-tax income | $16M | $18M | $27M | $183M | $169M | $91M | $92M |
| Income tax | $368,000 | $783,000 | -$10M | $46M | $43M | $22M | $25M |
| Net income | $8M | $6M | $21M | $137M | $125M | $69M | $67M |
| EPS (diluted) | $0.04 | $0.03 | $0.18 | $0.98 | $0.89 | $0.49 | $0.48 |
| Diluted shares | 112M | 112M | 120M | 140M | 140M | 141M | 141M |
| Gross margin | 35.6% | 39.3% | 41.4% | 42.7% | 42.0% | 39.4% | 38.9% |
| Operating margin | 6.0% | 6.1% | 4.2% | 15.0% | 12.8% | 6.8% | 6.4% |
| Net margin | 1.5% | 1.2% | 2.6% | 11.1% | 9.7% | 5.4% | 4.9% |
Balance sheet
Fiscal years, from Arhaus's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $20M | $57M | $124M | $145M | $223M | $198M | $253M |
| Receivables | — | $600,000 | $228,000 | $2M | $2M | $1M | $663,000 |
| Inventory | — | $108M | $208M | $286M | $254M | $297M | $339M |
| Total current assets | — | $193M | $368M | $461M | $509M | $531M | $621M |
| Property, plant and equipment | — | $118M | $180M | $152M | $220M | $283M | $316M |
| Goodwill | — | $11M | $11M | $11M | $11M | $11M | $11M |
| Total assets | — | $323M | $587M | $939M | $1.1B | $1.2B | $1.4B |
| Total current liabilities | — | $213M | $401M | $376M | $342M | $402M | $453M |
| Total liabilities | — | $357M | $517M | $730M | $765M | $863M | $977M |
| Shareholders' equity | -$33M | -$34M | $70M | $210M | $340M | $344M | $418M |
| Net debt | -$20M | -$57M | -$124M | -$145M | -$223M | -$198M | -$253M |
Cash flow
Fiscal years, from Arhaus's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $20M | $148M | $141M | $77M | $169M | $147M | $137M |
| Capital spending | $10M | $13M | $43M | $56M | $93M | $107M | $78M |
| Free cash flow | $10M | $135M | $98M | $22M | $75M | $40M | $59M |
| Stock-based compensation | $272,000 | $403,000 | $6M | $4M | $8M | $8M | $9M |
| Dividends paid | — | — | — | $0 | $0 | $70M | $361,000 |
| Share buybacks (net) | $0 | -$100,000 | $0 | $0 | — | — | — |
| Free cash flow margin | 2.1% | 26.7% | 12.3% | 1.8% | 5.8% | 3.1% | 4.3% |
| Dividends per share | — | — | — | — | — | $0.50 | $0.00 |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for ARHS.
Open ARHS in InvestinglyQuestions
What was Arhaus's revenue in 2025?
$1.4B in fiscal 2025, from its 10-K filing.
How much free cash flow does Arhaus generate?
$59M in fiscal 2025 (operating cash flow minus capital spending).
From Arhaus's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.