Arhaus (ARHS) Financials

$7.59 +0.33 (+4.55%)

Closing price 04:00 PM Eastern

Extended Trading

$7.66 +0.07 (+0.86%)

As of 07:53 PM Eastern

Annual Income Statements for Arhaus

This table shows Arhaus' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	5.02	9.32	21	137	125	69	67
Consolidated Net Income / (Loss)	23	17	37	137	125	69	67
Net Income / (Loss) Continuing Operations	16	17	37	137	125	69	67
Total Pre-Tax Income	16	18	27	183	169	91	92
Total Operating Income	30	31	33	185	164	87	89
Total Gross Profit	176	200	330	525	540	501	536
Total Revenue	495	507	797	1,229	1,288	1,271	1,379
Operating Revenue	495	507	797	1,229	1,288	1,271	1,379
Total Cost of Revenue	319	308	467	704	747	770	843
Operating Cost of Revenue	319	308	467	704	747	770	843
Total Operating Expenses	146	169	297	340	376	414	448
Selling, General & Admin Expense	146	169	296	340	376	415	447
Other Special Charges / (Income)	0.02	0.01	0.47	0.00	0.00	-1.20	0.08
Total Other Income / (Expense), net	-13	-13	-6.56	-2.09	4.38	3.92	3.09
Interest & Investment Income	-	-	-	-3.39	3.35	3.16	3.03
Other Income / (Expense), net	0.00	0.00	0.32	1.29	1.03	0.75	0.06
Income Tax Expense	0.37	0.78	-10	46	43	22	25
Basic Earnings per Share	$0.04	$0.03	$0.18	$0.99	$0.90	$0.49	$0.48
Weighted Average Basic Shares Outstanding	112.06M	112.06M	116.01M	138.09M	139.47M	140.07M	140.70M
Diluted Earnings per Share	$0.04	$0.03	$0.18	$0.98	$0.89	$0.49	$0.48
Weighted Average Diluted Shares Outstanding	112.06M	112.06M	119.52M	139.61M	140.10M	140.69M	141.41M
Weighted Average Basic & Diluted Shares Outstanding	-	-	140.06M	140.06M	140.29M	140.58M	141.12M

This table shows Arhaus' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	40	20	31	15	22	9.92	21	4.88	35	12	15
Consolidated Net Income / (Loss)	40	20	31	15	22	9.92	21	4.88	35	12	15
Net Income / (Loss) Continuing Operations	40	20	31	15	22	9.92	21	4.88	35	12	15
Total Pre-Tax Income	55	25	43	20	30	11	29	6.08	48	17	21
Total Operating Income	54	24	41	18	29	11	29	5.42	47	16	20
Total Gross Profit	140	131	141	115	124	123	139	116	148	133	139
Total Revenue	313	326	344	295	310	319	347	311	358	345	365
Operating Revenue	313	326	344	295	310	319	347	311	358	345	365
Total Cost of Revenue	173	195	203	180	185	196	208	196	210	211	226
Operating Cost of Revenue	173	195	203	180	185	196	208	196	210	211	226
Total Operating Expenses	86	107	100	97	95	112	110	110	101	117	119
Selling, General & Admin Expense	86	107	100	97	95	112	111	110	101	117	119
Total Other Income / (Expense), net	0.57	1.16	1.91	1.55	0.68	0.79	0.89	0.66	0.89	0.94	0.60
Interest & Investment Income	0.48	1.08	-	1.43	0.61	0.54	-	0.57	0.74	0.82	0.90
Other Income / (Expense), net	0.09	0.08	0.29	0.12	0.08	0.25	0.31	0.09	0.15	0.12	-0.29
Income Tax Expense	14	5.30	12	4.82	7.83	1.54	8.19	1.20	13	5.15	5.78
Basic Earnings per Share	$0.29	$0.14	$0.22	$0.11	$0.16	$0.07	$0.15	$0.03	$0.25	$0.09	$0.11
Weighted Average Basic Shares Outstanding	139.39M	139.63M	139.47M	139.82M	139.99M	140.17M	140.07M	140.36M	140.71M	140.83M	140.70M
Diluted Earnings per Share	$0.29	$0.14	$0.22	$0.11	$0.16	$0.07	$0.15	$0.03	$0.25	$0.09	$0.11
Weighted Average Diluted Shares Outstanding	139.98M	140.14M	140.10M	140.56M	140.92M	140.72M	140.69M	141.09M	141.16M	141.68M	141.41M
Weighted Average Basic & Diluted Shares Outstanding	140.28M	140.28M	140.29M	140.36M	140.58M	140.53M	140.58M	140.93M	140.97M	141.06M	141.12M

This table details how cash moves in and out of Arhaus' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-4.15	44	67	22	74	-25	56
Net Cash From Operating Activities	20	148	140	77	169	147	137
Net Cash From Continuing Operating Activities	20	148	140	77	169	147	137
Net Income / (Loss) Continuing Operations	16	17	37	137	125	69	67
Consolidated Net Income / (Loss)	16	17	37	137	125	69	67
Depreciation Expense	16	17	24	25	29	39	47
Amortization Expense	-3.85	-4.30	-4.38	41	56	65	75
Non-Cash Adjustments To Reconcile Net Income	-3.26	108	164	-87	-60	16	-35
Changes in Operating Assets and Liabilities, net	-4.66	10	-80	-38	18	-41	-18
Net Cash From Investing Activities	-9.87	-13	-41	-56	-93	-100	-78
Net Cash From Continuing Investing Activities	-9.87	-13	-41	-56	-93	-100	-78
Purchase of Property, Plant & Equipment	-9.88	-13	-41	-56	-93	-107	-78
Sale of Property, Plant & Equipment	0.01	-	-	0.00	0.00	7.84	0.05
Other Investing Activities, net	-	-	0.00	0.00	0.33	0.00	0.00
Net Cash From Financing Activities	-14	-91	-31	-0.18	-1.80	-73	-3.48
Net Cash From Continuing Financing Activities	-14	-91	-31	-0.18	-1.80	-73	-3.48
Repayment of Debt	-42	-91	-2.00	-0.18	0.00	0.00	-0.25
Payment of Dividends	-5.13	-19	-120	0.00	0.00	-70	-0.36
Other Financing Activities, net	0.00	0.00	-64	0.00	-1.80	-2.70	-2.88
Cash Interest Paid	11	9.30	5.12	5.16	5.30	4.67	5.03
Cash Interest Received	-	0.00	0.00	1.37	8.78	9.03	8.49
Cash Income Taxes Paid	0.54	1.30	1.40	35	47	24	24

This table details how cash moves in and out of Arhaus' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	30	59	-14	10	-59	3.54	20	17	21	27	-9.38
Net Cash From Operating Activities	53	84	21	37	47	31	32	47	35	46	9.31
Net Cash From Continuing Operating Activities	53	83	21	37	47	32	31	47	35	46	9.31
Net Income / (Loss) Continuing Operations	40	20	31	15	22	9.92	21	4.88	35	12	15
Consolidated Net Income / (Loss)	40	20	31	15	22	9.92	21	4.88	35	12	15
Depreciation Expense	7.40	7.30	8.00	8.60	9.11	10	11	11	12	12	12
Amortization Expense	12	15	15	15	16	18	15	17	18	20	20
Non-Cash Adjustments To Reconcile Net Income	-12	7.27	-45	27	2.14	3.54	-16	30	-42	9.36	-32
Changes in Operating Assets and Liabilities, net	5.33	34	11	-29	-2.44	-9.31	-0.58	-17	13	-6.98	-6.28
Net Cash From Investing Activities	-24	-24	-35	-26	-36	-27	-11	-28	-14	-18	-18
Net Cash From Continuing Investing Activities	-24	-24	-35	-26	-36	-27	-11	-28	-14	-18	-18
Purchase of Property, Plant & Equipment	-24	-24	-35	-26	-36	-27	-19	-28	-14	-18	-18
Net Cash From Financing Activities	-0.07	-1.05	-0.27	-0.76	-70	-1.06	-0.84	-1.91	-0.41	-0.60	-0.57
Net Cash From Continuing Financing Activities	-0.07	-1.05	-0.27	-0.76	-70	-1.06	-0.84	-1.91	-0.41	-0.60	-0.57
Payment of Dividends	-	-	-	0.00	-	-0.09	-0.11	-0.24	-0.04	-0.06	-0.02
Other Financing Activities, net	0.07	-0.68	-0.01	-0.54	-0.01	-1.42	0.19	-1.67	-0.37	-0.54	-0.30
Cash Interest Paid	1.31	1.35	1.34	0.84	1.30	1.26	1.27	1.26	1.26	1.26	1.26
Cash Interest Received	1.67	2.22	3.38	2.87	2.28	1.91	1.96	1.94	2.10	2.19	2.27
Cash Income Taxes Paid	21	6.95	18	0.99	15	0.19	7.77	0.54	12	1.02	10

This table presents Arhaus' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	323	587	939	1,105	1,206	1,395
Total Current Assets	193	368	461	509	531	621
Cash & Equivalents	57	124	0.00	223	198	253
Restricted Cash	6.91	7.13	0.00	3.21	3.42	3.12
Accounts Receivable	0.60	0.23	0.00	2.39	1.25	0.66
Inventories, net	108	208	0.00	254	297	339
Prepaid Expenses	20	29	21	26	32	25
Plant, Property, & Equipment, net	118	180	152	220	283	316
Total Noncurrent Assets	12	39	260	376	393	457
Noncurrent Note & Lease Receivables	-	0.00	0.00	39	36	33
Goodwill	11	11	0.00	11	11	11
Noncurrent Deferred & Refundable Income Taxes	0.00	28	0.00	19	21	20
Other Noncurrent Operating Assets	1.28	0.28	260	307	325	393
Total Liabilities & Shareholders' Equity	323	587	939	1,105	1,206	1,395
Total Liabilities	357	517	730	765	863	977
Total Current Liabilities	213	401	376	342	402	453
Accounts Payable	29	51	0.00	64	69	78
Accrued Expenses	22	78	37	61	59	68
Customer Deposits	154	265	0.00	174	221	236
Current Deferred & Payable Income Tax Liabilities	7.91	7.30	0.00	9.64	10	10
Other Current Liabilities	-	0.00	40	34	43	61
Total Noncurrent Liabilities	144	116	296	423	460	523
Capital Lease Obligations	48	51	0.00	54	53	52
Other Noncurrent Operating Liabilities	25	1.99	296	367	407	471
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-34	70	0.00	340	344	418
Total Preferred & Common Equity	-27	70	0.00	340	344	418
Total Common Equity	-27	70	0.00	340	344	418
Common Stock	1.67	186	0.00	195	201	208
Retained Earnings	-28	-117	0.00	145	143	210

This table presents Arhaus' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	6/30/2022	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025
Total Assets	877	907	966	1,045	1,114	1,176	1,177	1,209	1,265	1,318	1,379
Total Current Assets	455	482	490	521	535	540	491	509	553	578	626
Cash & Equivalents	145	146	145	177	237	233	174	178	214	235	262
Restricted Cash	6.99	6.35	7.10	4.60	3.47	3.21	3.21	3.22	3.52	3.62	3.63
Accounts Receivable	1.50	1.78	1.91	1.75	1.96	1.81	1.54	1.20	1.05	0.97	1.07
Inventories, net	272	293	292	295	269	268	274	295	301	311	329
Prepaid Expenses	30	36	44	43	23	33	38	33	32	27	31
Plant, Property, & Equipment, net	117	129	136	150	200	243	268	285	298	303	310
Total Noncurrent Assets	305	296	340	375	380	393	418	415	415	437	442
Noncurrent Note & Lease Receivables	40	39	-	40	39	38	38	37	35	34	34
Goodwill	11	11	11	11	11	11	11	11	11	11	11
Noncurrent Deferred & Refundable Income Taxes	23	21	12	12	17	19	14	15	21	23	11
Other Noncurrent Operating Assets	232	225	317	312	313	325	355	351	348	370	387
Total Liabilities & Shareholders' Equity	877	907	966	1,045	1,114	1,176	1,177	1,209	1,265	1,318	1,379
Total Liabilities	753	746	721	758	805	891	868	889	916	933	978
Total Current Liabilities	427	424	347	345	389	447	392	416	437	435	466
Accounts Payable	62	58	53	55	58	62	68	74	60	71	70
Accrued Expenses	41	51	40	45	63	54	56	59	54	60	68
Customer Deposits	277	262	198	193	212	203	210	224	263	233	254
Current Deferred & Payable Income Tax Liabilities	8.59	13	15	8.64	13	13	7.09	6.00	11	16	12
Other Current Liabilities	38	40	41	42	42	44	50	53	50	56	63
Total Noncurrent Liabilities	326	322	374	413	416	444	476	473	479	498	512
Capital Lease Obligations	52	52	-	54	54	54	54	53	53	53	53
Other Noncurrent Operating Liabilities	272	268	372	357	360	388	422	420	426	445	459
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	124	161	245	288	308	286	309	321	349	386	400
Total Preferred & Common Equity	124	161	245	288	308	286	309	321	349	386	400
Total Common Equity	124	161	245	288	308	286	309	321	349	386	400
Common Stock	188	188	191	193	194	196	198	199	201	203	205
Retained Earnings	-64	-27	54	94	114	89	112	122	148	183	195

This table displays calculated financial ratios and metrics derived from Arhaus' official financial filings.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	2.61%	57.05%	54.21%	4.78%	-1.29%	8.51%
EBITDA Growth	0.00%	4.20%	22.24%	374.05%	-0.96%	-23.78%	9.87%
EBIT Growth	0.00%	4.12%	9.04%	452.32%	-11.09%	-46.92%	1.35%
NOPAT Growth	0.00%	1.86%	55.74%	200.57%	-11.73%	-46.23%	-0.92%
Net Income Growth	0.00%	-27.08%	116.74%	269.96%	-8.34%	-45.26%	-1.89%
EPS Growth	0.00%	-25.00%	500.00%	444.44%	-9.18%	-44.94%	-2.04%
Operating Cash Flow Growth	0.00%	639.87%	-5.68%	-44.60%	117.76%	-12.79%	-6.98%
Free Cash Flow Firm Growth	0.00%	0.00%	-92.84%	1,074.48%	-79.00%	162.67%	26.10%
Invested Capital Growth	0.00%	0.00%	79.12%	665.12%	179.65%	16.88%	9.17%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	10.63%	-0.95%	0.24%	1.31%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	44.45%	-7.00%	-4.30%	-1.42%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	57.00%	-12.60%	-12.36%	-9.12%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	37.11%	-12.04%	-12.25%	-8.45%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	41.90%	-11.19%	-12.64%	-8.45%
EPS Q/Q Growth	0.00%	0.00%	0.00%	38.03%	-11.88%	-12.50%	-7.69%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-19.79%	27.98%	5.98%	5.19%	-14.05%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-81.62%	907.04%	-38.98%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-1.02%	37.43%	1.54%	14.42%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	35.59%	39.32%	41.40%	42.73%	41.97%	39.43%	38.89%
EBITDA Margin	8.45%	8.58%	6.68%	20.53%	19.40%	14.98%	15.30%
Operating Margin	6.00%	6.09%	4.18%	15.03%	12.76%	6.84%	6.44%
EBIT Margin	6.00%	6.09%	4.23%	15.13%	12.84%	6.90%	6.45%
Profit (Net Income) Margin	4.73%	3.36%	4.63%	11.12%	9.73%	5.39%	4.88%
Tax Burden Percent	144.16%	95.61%	137.87%	74.84%	74.24%	75.39%	73.12%
Interest Burden Percent	54.65%	57.72%	79.56%	98.18%	102.03%	103.60%	103.41%
Effective Tax Rate	2.27%	4.39%	-37.87%	25.16%	25.76%	24.61%	26.88%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	559.67%	107.10%	36.05%	31.69%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	575.05%	101.32%	34.20%	30.40%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	-167.98%	-33.48%	-16.00%	-14.03%
Return on Equity (ROE)	0.00%	-49.48%	209.10%	391.70%	73.62%	20.04%	17.65%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	112.62%	12.46%	20.48%	22.91%
Operating Return on Assets (OROA)	0.00%	9.57%	7.41%	24.37%	16.17%	7.59%	6.84%
Return on Assets (ROA)	0.00%	5.28%	8.12%	17.91%	12.25%	5.93%	5.17%
Return on Common Equity (ROCE)	0.00%	-38.43%	254.62%	391.70%	73.62%	20.04%	17.65%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-63.70%	52.94%	0.00%	36.81%	19.94%	0.00%
Net Operating Profit after Tax (NOPAT)	29	30	46	138	122	66	65
NOPAT Margin	5.86%	5.82%	5.77%	11.25%	9.47%	5.16%	4.71%
Net Nonoperating Expense Percent (NNEP)	0.00%	-152.22%	-18.69%	-15.37%	5.78%	1.85%	1.29%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	0.00%	30.95%	16.52%	13.81%
Cost of Revenue to Revenue	64.41%	60.68%	58.60%	57.28%	58.03%	60.57%	61.11%
SG&A Expenses to Revenue	29.58%	33.23%	37.16%	27.70%	29.21%	32.68%	32.44%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	29.59%	33.23%	37.22%	27.70%	29.21%	32.59%	32.45%
Earnings before Interest and Taxes (EBIT)	30	31	34	186	165	88	89
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	42	44	53	252	250	190	211
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	25.13	0.00	4.72	3.84	3.78
Price to Tangible Book Value (P/TBV)	0.00	0.00	29.82	0.00	4.88	3.97	3.88
Price to Revenue (P/Rev)	0.34	0.33	2.20	1.07	1.25	1.04	1.15
Price to Earnings (P/E)	33.44	18.00	83.03	9.66	12.83	19.27	23.51
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	5.32%	0.00%
Earnings Yield	2.99%	5.55%	1.20%	10.35%	7.80%	5.19%	4.25%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	21.99	8.55	5.98	6.43
Enterprise Value to Revenue (EV/Rev)	0.00	0.28	2.10	1.07	1.11	0.92	1.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	3.30	31.44	5.23	5.74	6.16	6.53
Enterprise Value to EBIT (EV/EBIT)	0.00	4.65	49.69	7.10	8.67	13.37	15.48
Enterprise Value to NOPAT (EV/NOPAT)	0.00	4.87	36.39	9.55	11.75	17.89	21.19
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.97	11.96	17.04	8.50	7.98	10.06
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	1.79	290.77	19.53	101.06	31.48	29.30
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.00	-1.38	0.72	0.00	0.16	0.16	0.13
Long-Term Debt to Equity	0.00	-1.38	0.72	0.00	0.16	0.16	0.13
Financial Leverage	0.00	0.48	-2.74	-0.29	-0.33	-0.47	-0.46
Leverage Ratio	0.00	-9.37	25.74	21.87	6.01	3.38	3.41
Compound Leverage Factor	0.00	-5.41	20.48	21.47	6.13	3.50	3.53
Debt to Total Capital	0.00%	361.73%	42.00%	0.00%	13.67%	13.43%	11.13%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	361.73%	42.00%	0.00%	13.67%	13.43%	11.13%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	-58.43%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	-203.30%	58.00%	0.00%	86.33%	86.57%	88.87%
Debt to EBITDA	0.00	1.09	0.95	0.00	0.22	0.28	0.25
Net Debt to EBITDA	0.00	-0.38	-1.51	0.00	-0.69	-0.78	-0.97
Long-Term Debt to EBITDA	0.00	1.09	0.95	0.00	0.22	0.28	0.25
Debt to NOPAT	0.00	1.61	1.10	0.00	0.44	0.81	0.81
Net Debt to NOPAT	0.00	-0.56	-1.75	0.00	-1.41	-2.25	-3.14
Long-Term Debt to NOPAT	0.00	1.61	1.10	0.00	0.44	0.81	0.81
Altman Z-Score	0.00	1.97	3.24	3.16	3.28	2.51	2.53
Noncontrolling Interest Sharing Ratio	0.00%	22.33%	-21.77%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.00	0.90	0.92	1.23	1.49	1.32	1.37
Quick Ratio	0.00	0.27	0.31	0.00	0.66	0.49	0.56
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	80	5.75	68	14	37	47
Operating Cash Flow to CapEx	203.13%	1,139.51%	337.27%	139.16%	180.53%	147.80%	175.86%
Free Cash Flow to Firm to Interest Expense	0.00	6.16	0.84	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	1.49	11.36	20.32	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.76	10.36	14.29	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.00	1.57	1.75	1.61	1.26	1.10	1.06
Accounts Receivable Turnover	0.00	845.72	1,924.93	0.00	0.00	697.26	1,440.44
Inventory Turnover	0.00	2.85	2.95	0.00	0.00	2.79	2.65
Fixed Asset Turnover	0.00	4.31	5.36	7.41	6.91	5.06	4.61
Accounts Payable Turnover	0.00	10.58	11.60	0.00	0.00	11.64	11.47
Days Sales Outstanding (DSO)	0.00	0.43	0.19	0.00	0.00	0.52	0.25
Days Inventory Outstanding (DIO)	0.00	128.04	123.64	0.00	0.00	130.69	137.68
Days Payable Outstanding (DPO)	0.00	34.51	31.48	0.00	0.00	31.37	31.83
Cash Conversion Cycle (CCC)	0.00	93.97	92.35	0.00	0.00	99.84	106.10
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.00	-51	-11	60	168	196	214
Invested Capital Turnover	0.00	-19.96	-25.93	49.77	11.31	6.99	6.72
Increase / (Decrease) in Invested Capital	0.00	-51	40	71	108	28	18
Enterprise Value (EV)	0.00	144	1,673	1,320	1,434	1,173	1,377
Market Capitalization	168	168	1,753	1,320	1,606	1,321	1,581
Book Value per Share	$0.00	($0.24)	$0.51	$0.00	$2.43	$2.45	$2.96
Tangible Book Value per Share	$0.00	($0.34)	$0.43	$0.00	$2.35	$2.37	$2.89
Total Capital	0.00	13	120	0.00	394	397	471
Total Debt	0.00	48	51	0.00	54	53	52
Total Long-Term Debt	0.00	48	51	0.00	54	53	52
Net Debt	0.00	-16	-80	0.00	-172	-148	-204
Capital Expenditures (CapEx)	9.87	13	41	56	93	100	78
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-85	-164	86	-59	-72	-88
Debt-free Net Working Capital (DFNWC)	0.00	-21	-33	86	167	129	168
Net Working Capital (NWC)	0.00	-21	-33	86	167	129	168
Net Nonoperating Expense (NNE)	5.62	12	9.05	1.57	-3.25	-2.95	-2.26
Net Nonoperating Obligations (NNO)	0.00	-16	-80	60	-172	-148	-204
Total Depreciation and Amortization (D&A)	12	13	20	66	85	103	122
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-16.67%	-20.60%	6.97%	-4.61%	-5.69%	-6.41%
Debt-free Net Working Capital to Revenue	0.00%	-4.06%	-4.17%	6.97%	12.96%	10.12%	12.19%
Net Working Capital to Revenue	0.00%	-4.06%	-4.17%	6.97%	12.96%	10.12%	12.19%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.18	$0.99	$0.90	$0.49	$0.48
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	116.01M	138.09M	139.47M	140.07M	140.70M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.18	$0.98	$0.89	$0.49	$0.48
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	119.52M	139.61M	140.10M	140.69M	141.41M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	140.06M	140.06M	140.29M	140.58M	141.12M
Normalized Net Operating Profit after Tax (NOPAT)	29	30	24	138	122	65	65
Normalized NOPAT Margin	5.87%	5.82%	2.97%	11.25%	9.47%	5.09%	4.72%
Pre Tax Income Margin	3.28%	3.51%	3.36%	14.86%	13.10%	7.15%	6.67%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	2.21	2.37	4.89	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	2.16	2.26	6.68	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	1.47	1.37	-1.13	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	1.42	1.26	0.66	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	21.95%	114.38%	326.11%	0.00%	0.00%	102.49%	0.54%
Augmented Payout Ratio	21.95%	114.96%	342.10%	0.00%	0.00%	102.49%	0.54%

This table displays calculated financial ratios and metrics derived from Arhaus' official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.17%	1.94%	-3.46%	-3.09%	-0.99%	-2.18%	0.87%	5.49%	15.70%	7.97%	5.14%
EBITDA Growth	10.11%	-28.48%	-22.76%	-36.89%	-25.89%	-15.83%	-13.40%	-18.46%	40.25%	24.36%	-8.20%
EBIT Growth	7.36%	-49.30%	-36.61%	-59.84%	-45.53%	-54.42%	-29.98%	-70.21%	59.27%	51.56%	-30.89%
NOPAT Growth	5.95%	-49.72%	-35.86%	-58.51%	-45.35%	-50.95%	-30.76%	-68.73%	58.34%	25.15%	-29.04%
Net Income Growth	9.67%	-46.55%	-33.58%	-55.72%	-44.67%	-49.73%	-31.79%	-67.67%	57.71%	23.13%	-29.14%
EPS Growth	11.54%	-46.15%	-35.29%	-54.17%	-44.83%	-50.00%	-31.82%	-72.73%	56.25%	28.57%	-26.67%
Operating Cash Flow Growth	805.30%	302.84%	33.59%	238.96%	-10.98%	-62.81%	52.21%	26.30%	-26.46%	48.16%	-70.62%
Free Cash Flow Firm Growth	-823.57%	73.69%	-223.28%	-543.93%	96.09%	-44.94%	90.16%	91.50%	637.52%	128.45%	56.48%
Invested Capital Growth	559.73%	101.42%	179.65%	85.61%	15.92%	58.19%	16.88%	5.75%	7.67%	-3.12%	9.17%
Revenue Q/Q Growth	2.74%	4.26%	5.45%	-14.20%	4.96%	3.01%	8.74%	-10.27%	15.11%	-3.87%	5.88%
EBITDA Q/Q Growth	10.64%	-37.60%	38.95%	-34.21%	29.93%	-29.13%	42.96%	-38.05%	123.47%	-37.16%	8.62%
EBIT Q/Q Growth	17.49%	-55.70%	72.28%	-55.22%	59.37%	-62.92%	164.62%	-80.94%	751.92%	-64.72%	20.67%
NOPAT Q/Q Growth	18.53%	-52.65%	58.42%	-53.33%	56.10%	-57.50%	123.61%	-78.92%	690.48%	-66.41%	26.79%
Net Income Q/Q Growth	17.84%	-50.87%	58.13%	-51.63%	47.25%	-55.37%	114.59%	-77.07%	618.27%	-65.16%	23.51%
EPS Q/Q Growth	20.83%	-51.72%	57.14%	-50.00%	45.45%	-56.25%	114.29%	-80.00%	733.33%	-64.00%	22.22%
Operating Cash Flow Q/Q Growth	390.85%	56.90%	-75.12%	76.93%	28.91%	-34.45%	1.80%	46.81%	-24.94%	32.07%	-79.81%
Free Cash Flow Firm Q/Q Growth	-835.58%	55.59%	-82.80%	15.23%	94.32%	-1,547.39%	87.59%	26.77%	459.04%	-12.81%	-118.99%
Invested Capital Q/Q Growth	71.24%	-23.72%	37.43%	3.39%	6.95%	4.10%	1.54%	-6.46%	8.90%	-6.33%	14.42%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	44.78%	40.11%	41.05%	38.98%	40.15%	38.56%	39.98%	37.12%	41.35%	38.72%	38.15%
EBITDA Margin	23.52%	14.08%	18.55%	14.22%	17.61%	12.11%	15.92%	10.99%	21.34%	13.95%	14.31%
Operating Margin	17.25%	7.32%	11.91%	6.22%	9.48%	3.34%	8.24%	1.74%	13.05%	4.77%	5.55%
EBIT Margin	17.28%	7.34%	12.00%	6.26%	9.51%	3.42%	8.33%	1.77%	13.09%	4.80%	5.47%
Profit (Net Income) Margin	12.84%	6.05%	9.07%	5.12%	7.18%	3.11%	6.14%	1.57%	9.78%	3.55%	4.14%
Tax Burden Percent	73.66%	78.84%	72.77%	75.82%	73.96%	86.55%	72.23%	80.30%	73.58%	70.33%	72.31%
Interest Burden Percent	100.88%	104.51%	103.92%	107.75%	102.06%	104.98%	102.01%	110.40%	101.59%	104.95%	104.48%
Effective Tax Rate	26.34%	21.16%	27.23%	24.18%	26.04%	13.45%	27.77%	19.70%	26.42%	29.67%	27.69%
Return on Invested Capital (ROIC)	178.41%	82.12%	98.02%	45.17%	51.76%	23.28%	41.57%	10.08%	66.56%	24.02%	27.01%
ROIC Less NNEP Spread (ROIC-NNEP)	178.05%	81.49%	95.55%	44.27%	51.36%	22.84%	41.17%	9.70%	66.14%	23.63%	26.76%
Return on Net Nonoperating Assets (RNNOA)	-98.29%	-49.76%	-31.57%	-22.00%	-21.62%	-11.40%	-19.27%	-4.24%	-29.47%	-11.17%	-12.35%
Return on Equity (ROE)	80.13%	32.37%	66.45%	23.16%	30.14%	11.89%	22.31%	5.84%	37.10%	12.85%	14.66%
Cash Return on Invested Capital (CROIC)	23.22%	84.51%	12.46%	16.74%	34.05%	2.35%	20.48%	25.82%	28.29%	40.51%	22.91%
Operating Return on Assets (OROA)	23.26%	9.45%	15.11%	7.47%	10.91%	3.74%	9.16%	1.87%	14.01%	5.05%	5.81%
Return on Assets (ROA)	17.29%	7.78%	11.43%	6.10%	8.24%	3.39%	6.75%	1.65%	10.47%	3.73%	4.39%
Return on Common Equity (ROCE)	80.13%	32.37%	66.45%	23.16%	30.14%	11.89%	22.31%	5.84%	37.10%	12.85%	14.66%
Return on Equity Simple (ROE_SIMPLE)	55.02%	45.71%	0.00%	37.19%	28.54%	24.47%	0.00%	16.72%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	40	19	30	14	22	9.24	21	4.35	34	12	15
NOPAT Margin	12.71%	5.77%	8.67%	4.72%	7.01%	2.89%	5.95%	1.40%	9.60%	3.35%	4.02%
Net Nonoperating Expense Percent (NNEP)	0.37%	0.64%	2.47%	0.89%	0.40%	0.44%	0.40%	0.38%	0.42%	0.39%	0.25%
Return On Investment Capital (ROIC_SIMPLE)	-	-	7.57%	4.10%	-	-	5.20%	1.08%	7.85%	2.55%	3.11%
Cost of Revenue to Revenue	55.22%	59.89%	58.95%	61.02%	59.85%	61.44%	60.02%	62.88%	58.65%	61.28%	61.85%
SG&A Expenses to Revenue	27.53%	32.79%	29.13%	32.76%	30.66%	35.22%	32.09%	35.35%	28.31%	33.96%	32.59%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	27.53%	32.79%	29.13%	32.76%	30.66%	35.22%	31.74%	35.38%	28.31%	33.95%	32.59%
Earnings before Interest and Taxes (EBIT)	54	24	41	18	29	11	29	5.51	47	17	20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	74	46	64	42	55	39	55	34	76	48	52
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.91	4.09	4.72	7.56	7.69	5.40	3.84	3.51	3.17	3.74	3.78
Price to Tangible Book Value (P/TBV)	5.10	4.24	4.88	7.86	7.97	5.59	3.97	3.62	3.26	3.85	3.88
Price to Revenue (P/Rev)	1.09	0.97	1.25	1.69	1.86	1.36	1.04	0.95	0.91	1.10	1.15
Price to Earnings (P/E)	8.92	8.94	12.83	20.32	26.93	22.05	19.27	20.97	17.17	20.40	23.51
Dividend Yield	0.00%	0.00%	0.00%	3.25%	2.95%	4.06%	5.32%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	11.21%	11.19%	7.80%	4.92%	3.71%	4.53%	5.19%	4.77%	5.82%	4.90%	4.25%
Enterprise Value to Invested Capital (EV/IC)	8.02	8.80	8.55	11.39	12.15	8.30	5.98	5.77	5.19	6.87	6.43
Enterprise Value to Revenue (EV/Rev)	0.99	0.83	1.11	1.55	1.77	1.26	0.92	0.82	0.78	0.94	1.00
Enterprise Value to EBITDA (EV/EBITDA)	4.47	4.00	5.74	8.77	10.93	8.06	6.16	5.79	5.06	6.00	6.53
Enterprise Value to EBIT (EV/EBIT)	6.04	5.68	8.67	14.34	19.92	16.01	13.37	14.14	11.23	13.13	15.48
Enterprise Value to NOPAT (EV/NOPAT)	8.17	7.75	11.75	19.30	26.73	21.44	17.89	18.87	15.07	18.10	21.19
Enterprise Value to Operating Cash Flow (EV/OCF)	13.34	6.75	8.50	10.15	11.71	11.46	7.98	6.75	7.18	8.07	10.06
Enterprise Value to Free Cash Flow (EV/FCFF)	59.98	13.91	101.06	88.42	38.31	433.11	31.48	22.96	19.01	16.69	29.30
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.19	0.18	0.16	0.19	0.17	0.17	0.16	0.15	0.14	0.13	0.13
Long-Term Debt to Equity	0.19	0.18	0.16	0.19	0.17	0.17	0.16	0.15	0.14	0.13	0.13
Financial Leverage	-0.55	-0.61	-0.33	-0.50	-0.42	-0.50	-0.47	-0.44	-0.45	-0.47	-0.46
Leverage Ratio	4.67	4.31	6.01	4.04	3.72	3.69	3.38	3.85	3.59	3.59	3.41
Compound Leverage Factor	4.71	4.50	6.25	4.35	3.80	3.88	3.45	4.25	3.65	3.77	3.57
Debt to Total Capital	15.78%	14.90%	13.67%	15.81%	14.78%	14.29%	13.43%	13.09%	12.00%	11.61%	11.13%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	15.78%	14.90%	13.67%	15.81%	14.78%	14.29%	13.43%	13.09%	12.00%	11.61%	11.13%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	84.22%	85.10%	86.33%	84.19%	85.22%	85.71%	86.57%	86.91%	88.00%	88.40%	88.87%
Debt to EBITDA	0.19	0.20	0.22	0.24	0.26	0.27	0.28	0.29	0.26	0.25	0.25
Net Debt to EBITDA	-0.44	-0.69	-0.69	-0.81	-0.60	-0.64	-0.78	-0.91	-0.91	-1.00	-0.97
Long-Term Debt to EBITDA	0.19	0.20	0.22	0.24	0.26	0.27	0.28	0.29	0.26	0.25	0.25
Debt to NOPAT	0.34	0.39	0.44	0.52	0.64	0.72	0.81	0.94	0.77	0.74	0.81
Net Debt to NOPAT	-0.81	-1.34	-1.41	-1.79	-1.47	-1.71	-2.25	-2.95	-2.70	-3.00	-3.14
Long-Term Debt to NOPAT	0.34	0.39	0.44	0.52	0.64	0.72	0.81	0.94	0.77	0.74	0.81
Altman Z-Score	2.86	2.48	2.91	2.79	3.04	2.48	2.35	2.11	2.24	2.28	2.36
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.51	1.37	1.49	1.21	1.25	1.23	1.32	1.26	1.33	1.34	1.37
Quick Ratio	0.52	0.61	0.66	0.53	0.45	0.43	0.49	0.49	0.54	0.56	0.56
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-96	-43	-78	-66	-3.75	-62	-7.67	-5.62	20	18	-3.34
Operating Cash Flow to CapEx	226.72%	354.67%	60.10%	142.02%	131.06%	117.32%	169.57%	168.40%	249.36%	254.34%	51.38%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.35	1.29	1.26	1.19	1.15	1.09	1.10	1.05	1.07	1.05	1.06
Accounts Receivable Turnover	797.18	695.20	0.00	688.74	775.20	803.11	697.26	901.80	1,062.81	1,201.05	1,440.44
Inventory Turnover	2.58	2.65	0.00	2.68	2.69	2.71	2.79	2.76	2.77	2.65	2.65
Fixed Asset Turnover	9.72	7.92	6.91	6.74	6.10	5.23	5.06	4.76	4.67	4.57	4.61
Accounts Payable Turnover	12.45	12.74	0.00	13.04	12.41	11.61	11.64	12.89	11.70	11.54	11.47
Days Sales Outstanding (DSO)	0.46	0.53	0.00	0.53	0.47	0.45	0.52	0.40	0.34	0.30	0.25
Days Inventory Outstanding (DIO)	141.61	137.97	0.00	136.20	135.83	134.55	130.69	132.38	131.68	137.82	137.68
Days Payable Outstanding (DPO)	29.31	28.65	0.00	27.99	29.40	31.44	31.37	28.31	31.19	31.63	31.83
Cash Conversion Cycle (CCC)	112.76	109.84	0.00	108.74	106.90	103.56	99.84	104.48	100.83	106.49	106.10
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	160	122	168	173	186	193	196	183	200	187	214
Invested Capital Turnover	14.04	14.23	11.31	9.58	7.38	8.04	6.99	7.21	6.93	7.16	6.72
Increase / (Decrease) in Invested Capital	136	61	108	80	25	71	28	9.97	14	-6.03	18
Enterprise Value (EV)	1,284	1,074	1,434	1,976	2,254	1,603	1,173	1,058	1,036	1,285	1,377
Market Capitalization	1,411	1,261	1,606	2,159	2,378	1,730	1,321	1,223	1,222	1,499	1,581
Book Value per Share	$2.05	$2.20	$2.43	$2.04	$2.20	$2.28	$2.45	$2.48	$2.74	$2.84	$2.96
Tangible Book Value per Share	$1.98	$2.12	$2.35	$1.96	$2.13	$2.20	$2.37	$2.40	$2.66	$2.76	$2.89
Total Capital	341	362	394	339	363	374	397	401	438	453	471
Total Debt	54	54	54	54	54	53	53	53	53	53	52
Total Long-Term Debt	54	54	54	54	54	53	53	53	53	53	52
Net Debt	-128	-186	-172	-183	-124	-127	-148	-165	-186	-213	-204
Capital Expenditures (CapEx)	24	24	35	26	36	27	19	28	14	18	18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-4.94	-95	-59	-144	-79	-87	-72	-102	-96	-106	-88
Debt-free Net Working Capital (DFNWC)	176	145	167	93	98	94	129	115	143	160	168
Net Working Capital (NWC)	176	145	167	93	98	94	129	115	143	160	168
Net Nonoperating Expense (NNE)	-0.42	-0.91	-1.39	-1.18	-0.50	-0.69	-0.64	-0.53	-0.66	-0.66	-0.44
Net Nonoperating Obligations (NNO)	-128	-186	-172	-112	-124	-127	-148	-165	-186	-213	-204
Total Depreciation and Amortization (D&A)	20	22	23	23	25	28	26	29	30	32	32
Debt-free, Cash-free Net Working Capital to Revenue	-0.38%	-7.32%	-4.61%	-11.23%	-6.20%	-6.89%	-5.69%	-7.96%	-7.15%	-7.77%	-6.41%
Debt-free Net Working Capital to Revenue	13.64%	11.17%	12.96%	7.26%	7.72%	7.38%	10.12%	8.97%	10.69%	11.75%	12.19%
Net Working Capital to Revenue	13.64%	11.17%	12.96%	7.26%	7.72%	7.38%	10.12%	8.97%	10.69%	11.75%	12.19%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.29	$0.00	$0.22	$0.11	$0.16	$0.07	$0.15	$0.03	$0.25	$0.09	$0.11
Adjusted Weighted Average Basic Shares Outstanding	139.39M	0.00	139.47M	139.82M	139.99M	140.17M	140.07M	140.36M	140.71M	140.83M	140.70M
Adjusted Diluted Earnings per Share	$0.29	$0.00	$0.22	$0.11	$0.16	$0.07	$0.15	$0.03	$0.25	$0.09	$0.11
Adjusted Weighted Average Diluted Shares Outstanding	139.98M	0.00	140.10M	140.56M	140.92M	140.72M	140.69M	141.09M	141.16M	141.68M	141.41M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	140.28M	0.00	140.29M	140.36M	140.58M	140.53M	140.58M	140.93M	140.97M	141.06M	141.12M
Normalized Net Operating Profit after Tax (NOPAT)	40	19	30	14	22	9.24	21	4.44	34	12	15
Normalized NOPAT Margin	12.71%	5.77%	8.67%	4.72%	7.01%	2.89%	5.95%	1.43%	9.60%	3.35%	4.02%
Pre Tax Income Margin	17.44%	7.68%	12.47%	6.75%	9.70%	3.59%	8.50%	1.95%	13.30%	5.04%	5.72%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	79.35%	89.39%	102.49%	120.85%	0.67%	0.61%	0.54%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	79.35%	89.39%	102.49%	120.85%	0.67%	0.61%	0.54%

Financials Breakdown Chart

Key Financial Trends

ARHS (Arhaus, Inc.) has shown a generally stable profitability profile and solid near-term liquidity across the last four years of quarterly data. Below are the 10 most notable trends, organized from positive to neutral to negative, based on quarterly cash flow, income statement, and balance sheet data.

Gross margins have remained solid, typically in the high-30s to around 40% range across 2022–2025 (about 38% in late 2025), indicating durable product profitability despite revenue fluctuations.
Net income has been positive in every quarter over the period, with 2025 Q2 delivering a notably strong quarter (~$35.1M in net income attributable to common shareholders).
Operating cash flow has generally been positive, with robust quarterly cash from operating activities in 2025 (for example, roughly $46.5M in Q1 2025 and about $46.1M in Q3 2025).
Liquidity remains solid, with cash and equivalents around $262M in late 2025 and current assets (~$626M in Q3 2025) comfortably surpassing current liabilities (~$466M).
Inventories rose through 2023–2025 (e.g., inventories, net around $328.7M in Q3 2025), signaling higher working capital needs but supporting ongoing revenue activity.
Capital expenditures are a recurring cash outflow, with PPE purchases typically in the mid-to-high-teens of millions per quarter (e.g., Q1 2025 around $27.6M; Q4 2025 about $18.1M).
Net cash from investing activities has been negative in most quarters due to ongoing capex, contributing to lower free cash flow on a quarterly basis.
Net cash from financing activities often shows outflows (dividends and other financing activities), exerting pressure on cash in several periods.
Leverage is moderate, with total liabilities typically in the $0.75B–$0.98B range and total equity around $0.30B–$0.40B across periods, suggesting a balanced capital structure rather than aggressive leverage.
Revenue levels are generally in the mid-300s of millions per quarter across 2022–2025, with modest year-to-year movement and no dramatic growth within the observed window.

05/06/26 08:26 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Arhaus' Financials

When does Arhaus' fiscal year end?

According to the most recent income statement we have on file, Arhaus' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

How has Arhaus' net income changed over the last 6 years?

Arhaus' net income appears to be on an upward trend, with a most recent value of $67.26 million in 2025, rising from $23.37 million in 2019. The previous period was $68.55 million in 2024. View Arhaus' forecast to see where analysts expect Arhaus to go next.

What is Arhaus' operating income?

Arhaus' total operating income in 2025 was $88.89 million, based on the following breakdown:

Total Gross Profit: $536.41 million
Total Operating Expenses: $447.52 million

How has Arhaus' revenue changed over the last 6 years?

Over the last 6 years, Arhaus' total revenue changed from $494.54 million in 2019 to $1.38 billion in 2025, a change of 178.9%.

How much debt does Arhaus have?

Arhaus' total liabilities were at $976.52 million at the end of 2025, a 13.2% increase from 2024, and a 173.5% increase since 2020.

How much cash does Arhaus have?

In the past 5 years, Arhaus' cash and equivalents has ranged from $0.00 in 2022 to $253.36 million in 2025, and is currently $253.36 million as of their latest financial filing in 2025.

How has Arhaus' book value per share changed over the last 6 years?

Over the last 6 years, Arhaus' book value per share changed from 0.00 in 2019 to 2.96 in 2025, a change of 296.5%.

Related Companies

Financial statements for NASDAQ:ARHS last updated on 3/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Arhaus (ARHS) Financials

Financials Breakdown Chart

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Arhaus (ARHS) Financials

Annual Income Statements for Arhaus

Quarterly Income Statements for Arhaus

Annual Cash Flow Statements for Arhaus

Quarterly Cash Flow Statements for Arhaus

Annual Balance Sheets for Arhaus

Quarterly Balance Sheets for Arhaus

Annual Metrics And Ratios for Arhaus

Quarterly Metrics And Ratios for Arhaus

Financials Breakdown Chart

Key Financial Trends

Frequently Asked Questions About Arhaus' Financials

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