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The financials
RH by the numbers
RH (RH) reported revenue of $800M in Q1 2026 (quarter ended May 2, 2026), down 1.7% from the same quarter a year earlier. That came with a gross margin of 41% and net loss of $14M. For the full year FY2025, revenue was $3.44B (+8.1% year on year) and net income $125M. Its largest segment in Q1 2026 was RH at $752M, 94% of the disclosed total, well ahead of Waterworks at 6.0%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $800M | $814M | −1.7% |
| Gross profit | $331M | $355M | −6.8% |
| Operating income | $34M | $56M | −39% |
| Net income | −$14M | $8.0M | to a loss |
| Diluted EPS | −$0.73 | $0.40 | to a loss |
| Operating | Revenue | Share |
|---|---|---|
| RH | $752M | 94% |
| Waterworks | $48M | 6.0% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q1 2026Total $800.3M (-5.0%)
RH grew -1.7% year on yearWaterworks -1.7% year on year
Segment Latestquarter on quarteryear on year
- RH$752.2M$752.2MQoQ -5.2%year on year -1.7%-5.2%-1.7%
- Waterworks$48.1M$48.1MQoQ -1.3%year on year -1.7%-1.3%-1.7%