NASDAQ : ARHS
Arhaus, Inc. — Financial statements
Consumer Discretionary · Specialty Retail · United States
Last price 12.45 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.76B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Arhaus, Inc. (ARHS) reported revenue of 1.41B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.41B | 1.38B | 1.27B | 1.29B | 1.23B | 796.92M |
| Cost of Revenue | 873.29M | 842.81M | 769.88M | 747.28M | 631.17M | 466.99M |
| Gross Profit | 535.30M | 536.41M | 501.23M | 540.42M | 597.76M | 329.93M |
| Selling, General & Admin | 465.96M | 447.44M | 415.43M | 376.11M | 411.03M | 296.12M |
| Operating Expenses | 465.92M | 447.44M | 415.43M | 376.11M | 413.08M | 296.12M |
| Operating Income | 69.38M | 88.97M | 85.80M | 164.31M | 184.67M | 33.82M |
| Interest Expense | -5.57M | -5.47M | -5.44M | -5.45M | -5.29M | -5.43M |
| Interest & Investment Income | 8.80M | 8.50M | 8.60M | 8.80M | 1.90M | |
| Other Non Operating Income (Expenses) | 717.00K | 61.00K | 754.00K | 1.03M | 1.29M | 320.00K |
| EBT Excluding Unusual Items | 73.33M | 92.06M | 89.72M | 168.69M | 182.58M | 28.70M |
| Gain (Loss) on Sale of Assets | -77.00K | -81.00K | 1.20M | -466.00K | ||
| Other Unusual Items | 23.80M | -1.45M | ||||
| Pretax Income | 97.05M | 91.98M | 90.92M | 168.69M | 182.58M | 26.79M |
| Income Tax Expense | 27.88M | 24.72M | 22.37M | 43.45M | 45.94M | -10.14M |
| Earnings From Continuing Operations | 69.18M | 67.26M | 68.55M | 125.24M | 136.63M | 36.93M |
| Minority Interest in Earnings | -15.81M | |||||
| Net Income | 69.18M | 67.26M | 68.55M | 125.24M | 136.63M | 21.12M |
| Net Income to Common | 69.18M | 67.26M | 68.55M | 125.24M | 136.63M | 21.12M |
| Shares Outstanding (Basic) | 141.04M | 140.70M | 140.07M | 139.47M | 138.09M | 116.01M |
| Shares Outstanding (Diluted) | 141.74M | 141.41M | 140.69M | 140.10M | 139.61M | 119.52M |
| EPS (Basic) | 0.49 | 0.48 | 0.49 | 0.90 | 0.99 | 0.18 |
| EPS (Diluted) | 0.49 | 0.48 | 0.49 | 0.89 | 0.98 | 0.18 |
| Free Cash Flow | 40.86M | 58.98M | 39.74M | 75.24M | 21.80M | 98.37M |
| Free Cash Flow Per Share | 0.29 | 0.42 | 0.28 | 0.54 | 0.16 | 0.82 |
| Gross Margin | 38.00% | 38.89% | 39.43% | 41.97% | 48.64% | 41.40% |
| Operating Margin | 4.92% | 6.45% | 6.75% | 12.76% | 15.03% | 4.24% |
| Profit Margin | 4.91% | 4.88% | 5.39% | 9.73% | 11.12% | 2.65% |
| Free Cash Flow Margin | 2.90% | 4.28% | 3.13% | 5.84% | 1.77% | 12.34% |
| EBITDA | 118.33M | 135.76M | 124.89M | 193.75M | 209.57M | 57.74M |
| EBITDA Margin | 8.40% | 9.84% | 9.83% | 15.05% | 17.05% | 7.25% |
| D&A For EBITDA | 48.95M | 46.79M | 39.09M | 29.44M | 24.90M | 23.92M |
| EBIT | 69.38M | 88.97M | 85.80M | 164.31M | 184.67M | 33.82M |
| EBIT Margin | 4.92% | 6.45% | 6.75% | 12.76% | 15.03% | 4.24% |
| Effective Tax Rate | 28.72% | 26.88% | 24.61% | 25.76% | 25.16% | |
| Advertising Expenses | 45.60M | 47.50M | 43.00M | 38.70M | 35.90M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 226.40M | 253.36M | 197.51M | 223.10M | 145.18M | 123.78M |
| Short-Term Investments | 3.99M | 4.15M | 4.94M | 4.47M | ||
| Cash & Short-Term Investments | 230.39M | 257.51M | 202.45M | 227.57M | 145.18M | 123.78M |
| Accounts Receivable | 236.00K | 663.00K | 1.25M | 2.39M | 1.73M | 228.00K |
| Other Receivables | 4.31M | |||||
| Receivables | 236.00K | 663.00K | 1.25M | 2.39M | 6.05M | 228.00K |
| Inventory | 353.53M | 338.81M | 297.01M | 254.29M | 286.42M | 208.34M |
| Prepaid Expenses | 7.76M | 7.96M | 13.29M | 9.98M | 12.04M | 17.02M |
| Restricted Cash | 1.29M | 3.12M | 3.42M | 3.21M | 7.35M | 7.13M |
| Other Current Assets | 49.32M | 13.32M | 13.62M | 11.85M | 13.51M | 11.50M |
| Total Current Assets | 642.52M | 621.37M | 531.04M | 509.30M | 470.55M | 368.00M |
| Property, Plant & Equipment | 779.11M | 740.76M | 640.93M | 561.24M | 436.48M | 179.63M |
| Goodwill | 10.96M | 10.96M | 10.96M | 10.96M | 10.96M | 10.96M |
| Long-Term Deferred Tax Assets | 15.39M | 19.55M | 21.09M | 19.13M | 16.84M | 27.68M |
| Long-Term Deferred Charges | 300.00K | 300.00K | 400.00K | 400.00K | 2.25M | 278.00K |
| Other Long-Term Assets | 2.18M | 1.80M | 1.89M | 4.12M | ||
| Total Assets | 1.45B | 1.39B | 1.21B | 1.11B | 937.08M | 586.55M |
| Accounts Payable | 71.91M | 78.36M | 68.62M | 63.70M | 62.64M | 51.43M |
| Accrued Expenses | 54.17M | 49.60M | 42.77M | 47.23M | 41.92M | 67.37M |
| Current Portion of Leases | 63.13M | 60.98M | 43.27M | 33.95M | 39.78M | |
| Current Income Taxes Payable | 12.82M | 10.32M | 10.48M | 9.64M | 11.76M | 7.10M |
| Current Unearned Revenue | 444.00K | 587.00K | 507.00K | 520.00K | 1.03M | 900.00K |
| Other Current Liabilities | 281.89M | 253.41M | 236.81M | 187.31M | 216.17M | 274.43M |
| Total Current Liabilities | 484.36M | 453.26M | 402.45M | 342.35M | 373.29M | 401.23M |
| Long-Term Leases | 546.11M | 519.60M | 456.23M | 416.47M | 347.49M | 50.52M |
| Other Long-Term Liabilities | 5.03M | 3.66M | 3.89M | 6.09M | 6.61M | 65.03M |
| Total Liabilities | 1.04B | 976.52M | 862.57M | 764.91M | 727.39M | 516.78M |
| Common Stock | 142.00K | 141.00K | 140.00K | 139.00K | 138.00K | 137.00K |
| Additional Paid-In Capital | 212.77M | 207.72M | 200.71M | 194.81M | 189.50M | 186.21M |
| Retained Earnings | 202.04M | 210.37M | 142.90M | 145.29M | 20.05M | -116.58M |
| Total Common Equity | 414.95M | 418.23M | 343.75M | 340.24M | 209.69M | 69.77M |
| Shareholders' Equity | 414.95M | 418.23M | 343.75M | 340.24M | 209.69M | 69.77M |
| Total Liabilities & Equity | 1.45B | 1.39B | 1.21B | 1.11B | 937.08M | 586.55M |
| Total Debt | 609.24M | 580.58M | 499.50M | 450.42M | 387.27M | 50.52M |
| Net Cash (Debt) | -378.85M | -323.07M | -297.05M | -222.85M | -242.09M | 73.25M |
| Net Cash Per Share | -2.67 | -2.28 | -2.11 | -1.59 | -1.73 | 0.61 |
| Filing Date Shares Outstanding | 141.75M | 141.12M | 140.58M | 140.29M | 140.06M | 140.06M |
| Total Common Shares Outstanding | 141.73M | 141.08M | 140.63M | 140.29M | 138.55M | 136.95M |
| Working Capital | 158.15M | 168.11M | 128.59M | 166.95M | 97.26M | -33.23M |
| Book Value Per Share | 2.93 | 2.96 | 2.44 | 2.43 | 1.51 | 0.51 |
| Tangible Book Value | 403.99M | 407.27M | 332.78M | 329.28M | 198.73M | 58.80M |
| Tangible Book Value Per Share | 2.85 | 2.89 | 2.37 | 2.35 | 1.43 | 0.43 |
| Machinery | 84.58M | 66.52M | 67.83M | 63.47M | 39.76M | |
| Construction In Progress | 29.50M | 32.56M | 50.81M | 15.48M | 10.46M | |
| Leasehold Improvements | 208.80M | 162.06M | 80.64M | 50.78M | 42.42M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 69.18M | 67.26M | 68.55M | 125.24M | 136.63M | 21.12M |
| Depreciation & Amortization | 95.59M | 89.58M | 76.02M | 62.75M | 53.95M | 23.92M |
| Other Amortization | 33.38M | 32.48M | 28.35M | 22.77M | 12.65M | 1.73M |
| Loss (Gain) From Sale of Assets | 77.00K | 81.00K | -1.20M | 466.00K | ||
| Stock-Based Compensation | 11.85M | 9.18M | 7.64M | 7.91M | 4.29M | 6.38M |
| Other Operating Activities | 8.31M | 1.55M | -2.04M | -2.55M | 9.47M | 45.48M |
| Change in Accounts Receivable | 734.00K | 589.00K | 1.14M | -660.00K | -1.51M | 372.00K |
| Change in Inventory | -42.41M | -41.80M | -42.72M | 32.07M | -78.08M | -100.32M |
| Change in Accounts Payable | -210.00K | 9.86M | 5.62M | 1.22M | 10.30M | 14.51M |
| Change in Other Net Operating Assets | -61.28M | -31.93M | 5.75M | -80.06M | -70.24M | 126.17M |
| Operating Cash Flow | 115.20M | 136.85M | 147.11M | 168.69M | 77.46M | 139.83M |
| Capital Expenditures | -74.34M | -77.87M | -107.37M | -93.44M | -55.67M | -41.46M |
| Sale of Property, Plant & Equipment | 54.00K | 54.00K | 7.84M | |||
| Other Investing Activities | 1.19M | 333.00K | ||||
| Investing Cash Flow | -73.09M | -77.82M | -99.53M | -93.11M | -55.67M | -41.46M |
| Short-Term Debt Issued | 1.00M | |||||
| Total Debt Issued | 1.00M | |||||
| Short-Term Debt Repaid | -1.00M | |||||
| Long-Term Debt Repaid | -705.00K | -927.00K | -763.00K | -177.00K | -107.00K | |
| Total Debt Repaid | -765.00K | -705.00K | -927.00K | -763.00K | -177.00K | -1.11M |
| Net Debt Issued (Repaid) | -765.00K | -705.00K | -927.00K | -763.00K | -177.00K | -107.00K |
| Issuance of Common Stock | 160.02M | |||||
| Repurchase of Common Stock | -2.16M | -2.17M | -1.77M | -1.04M | ||
| Common Dividends Paid | -85.00K | -361.00K | -70.25M | -61.91M | ||
| Dividends Paid | -85.00K | -361.00K | -70.25M | -61.91M | ||
| Other Financing Activities | -245.00K | -245.00K | -129.47M | |||
| Financing Cash Flow | -52.84M | -3.48M | -72.95M | -1.80M | -177.00K | -31.47M |
| Net Cash Flow | -10.73M | 55.55M | -25.38M | 73.78M | 21.62M | 66.91M |
| Free Cash Flow | 40.86M | 58.98M | 39.74M | 75.24M | 21.80M | 98.37M |
| Free Cash Flow Margin | 2.90% | 4.28% | 3.13% | 5.84% | 1.77% | 12.34% |
| Free Cash Flow Per Share | 0.29 | 0.42 | 0.28 | 0.54 | 0.16 | 0.82 |
| Levered Free Cash Flow | 79.25M | 103.39M | 58.80M | 117.80M | -21.53M | 87.63M |
| Unlevered Free Cash Flow | 53.05M | 77.13M | 35.47M | 99.13M | -30.88M | 89.30M |
| Cash Interest Paid | 5.15M | 5.03M | 4.67M | 5.30M | 5.16M | 5.12M |
| Cash Income Tax Paid | 20.07M | 24.47M | 23.77M | 47.13M | 34.94M | 1.40M |
| Change in Working Capital | -103.17M | -63.28M | -30.21M | -47.44M | -139.53M | 40.73M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.76B | 1.58B | 1.32B | 1.66B | 1.35B | 1.81B |
| Enterprise Value | 2.14B | 1.89B | 1.66B | 1.88B | 1.56B | 1.72B |
| Last Close Price | 12.45 | 10.68 | 8.96 | 10.91 | 8.98 | 12.20 |
| PE Ratio | 25.38 | 23.51 | 19.27 | 13.27 | 9.89 | 85.93 |
| Forward PE | 24.26 | 23.68 | 23.72 | 17.16 | 12.08 | 42.51 |
| PS Ratio | 1.25 | 1.15 | 1.04 | 1.29 | 1.10 | 2.28 |
| PB Ratio | 4.25 | 3.78 | 3.84 | 4.89 | 6.44 | 26.01 |
| P/TBV Ratio | 4.37 | 3.88 | 3.97 | 5.05 | 6.80 | 30.86 |
| P/FCF Ratio | 43.19 | 26.81 | 33.24 | 22.09 | 61.98 | 18.45 |
| P/OCF Ratio | 15.32 | 11.55 | 8.98 | 9.86 | 17.44 | 12.98 |
| PEG Ratio | 3.73 | 6.03 | 10.09 | 12.31 | 0.81 | 1.62 |
| EV/Sales Ratio | 1.52 | 1.37 | 1.30 | 1.46 | 1.27 | 2.15 |
| EV/EBITDA Ratio | 18.12 | 13.93 | 13.29 | 9.72 | 7.45 | 29.74 |
| EV/EBIT Ratio | 30.90 | 21.25 | 19.34 | 11.46 | 8.45 | 50.77 |
| EV/FCF Ratio | 52.46 | 32.06 | 41.75 | 25.03 | 71.60 | 17.45 |
| Debt / Equity Ratio | 1.47 | 1.39 | 1.45 | 1.32 | 1.85 | 0.72 |
| Debt / EBITDA Ratio | 2.54 | 2.29 | 2.27 | 1.58 | 1.34 | 0.88 |
| Debt / FCF Ratio | 14.91 | 9.84 | 12.57 | 5.99 | 17.77 | 0.51 |
| Net Debt / Equity Ratio | 0.91 | 0.77 | 0.86 | 0.66 | 1.15 | -1.05 |
| Net Debt / EBITDA Ratio | 3.20 | 2.38 | 2.38 | 1.15 | 1.16 | -1.27 |
| Net Debt / FCF Ratio | 9.27 | 5.48 | 7.47 | 2.96 | 11.11 | -0.74 |
| Asset Turnover | 1.02 | 1.06 | 1.10 | 1.26 | 1.61 | 1.75 |
| Inventory Turnover | 2.63 | 2.65 | 2.79 | 2.76 | 2.55 | 2.95 |
| Quick Ratio | 0.48 | 0.57 | 0.51 | 0.67 | 0.41 | 0.31 |
| Current Ratio | 1.33 | 1.37 | 1.32 | 1.49 | 1.26 | 0.92 |
| Return on Equity (ROE) | 17.28% | 17.65% | 20.04% | 45.55% | 97.78% | 209.10% |
| Return on Assets (ROA) | 3.13% | 4.28% | 4.64% | 10.06% | 15.15% | 4.65% |
| Return on Invested Capital (ROIC) | 6.22% | 9.41% | 10.75% | 24.04% | 30.59% | |
| Return on Capital Employed (ROCE) | 7.20% | 9.40% | 10.70% | 21.50% | 32.80% | 18.20% |
| Earnings Yield | 3.94% | 4.25% | 5.19% | 7.53% | 10.11% | 1.16% |
| FCF Yield | 2.32% | 3.73% | 3.01% | 4.53% | 1.61% | 5.42% |
| Payout Ratio | 71.36% | 0.54% | 102.49% | 293.20% | ||
| Buyback Yield / Dilution | -0.60% | -0.51% | -0.43% | -0.35% | -16.80% | -6.66% |