The stock may react positively to strong revenue growth and the special dividend, but traders should monitor Q1 2026 comparable sales guidance of -5% to 1% as a potential near-term headwind. The company's debt-free status and $253M cash provide financial flexibility despite margin pressure.
Price Chart
Executive Summary
Arhaus reported record full-year 2025 revenue of $1.38 billion, up 8.5% YoY, driven by showroom expansion and strong client engagement, while net income dipped 1.9% to $67.3 million. The company announced a special $0.35 per share dividend and maintained a debt-free balance sheet with $253 million in cash. For 2026, it forecasts revenue growth of 3.7%-6.6% and mid-single-digit net unit growth.
Key Financial Metrics
Key Facts
- Full-year 2025 revenue: $1.379 billion (8.5% YoY growth), exceeding guidance
- Net income: $67.3 million (down 1.9% YoY) despite revenue growth
- Adjusted EBITDA: $145.1 million (up 8.9% YoY)
- Cash and cash equivalents: $253.4 million (up 28.3% YoY), no long-term debt
- Special cash dividend of $0.35 per share declared
- 2026 revenue guidance: $1.43-$1.47 billion (3.7%-6.6% growth)
- Q1 2026 comparable delivered sales guidance: -5% to 1%
- Opened 5 new showrooms in 2025, total footprint now 107 locations
Financial Impact
Revenue grew 8.5% to $1.38B but net income declined 1.9% to $67.3M; $253M cash balance supports $0.35/share special dividend
Segment Breakdown
| Segment |
|---|
| Traditional Showrooms |
| Design Studios |
Risk Factors
- Net income decline despite revenue growth indicates margin pressure
- Q1 2026 comparable delivered sales guidance includes potential 5% decline
- Increased inventory (up 14.1% YoY) could signal demand concerns
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001875444-26-000008 |
| Document: arhs4q2025investorpresen.htm | 0001875444-26-000008 |
| Document: arhs-20260226.htm | 0001875444-26-000008 |
| Document: 0001875444-26-000008-index-headers.html | 0001875444-26-000008 |
| Document: 0001875444-26-000008-index.html | 0001875444-26-000008 |
| Document: 0001875444-26-000008.txt | 0001875444-26-000008 |
| CONTEXT: Previous Earnings (2026-02-26) | 0001875444-26-000008 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 30, 2026 27d ago | 8-K | $9.87 $9.75 | ▼ −1.22% | ▼ −2.52% | $11.63 (+17.83%) |
Sep 4, 2026 7w ago | 144 | $8.47 $7.31 | ▼ −13.75% | ▼ −12.64% | $11.63 (+37.31%) |
Aug 15, 2026 10w ago | Institutional Cluster | $9.53 $9.24 | ▲ +3.04% | ▲ +1.85% | $11.63 (−22.04%) |
Aug 6, 2026 11w ago | Press Release | $9.68 $9.70 | ▲ +0.21% | ▼ −1.01% | $11.63 (+20.14%) |
Jul 30, 2026 12w ago | Press Release | $7.41 | awaiting T+5 | — | $11.63 (+56.95%) |
Jul 13, 2026 15w ago | 8-K | $7.83 $7.48 | ▼ −4.47% | ▼ −3.17% | $11.63 (+48.53%) |
Jun 11, 2026 19w ago | Institutional Cluster | $7.07 $6.88 | ▲ +2.69% | ▲ +3.12% | $11.63 (−64.50%) |
May 7, 2026 24w ago | 8-K | $7.08 $5.87 | ▲ +17.03% | ▲ +18.54% | $11.63 (−64.38%) |
May 7, 2026 24w ago | Press Release | $7.08 $5.87 | ▲ +17.03% | ▲ +18.54% | $11.63 (−64.38%) |
Feb 26, 2026 34w ago | 8-K | $8.83 $7.49 | ▼ −15.12% | ▼ −13.99% | $11.63 (+31.78%) |
US Market Status
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