Arhaus, Inc.

Listed Company

ARHSCIK 0001875444NasdaqAcceleratedRetail-Furniture StoresDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.38B

Net Income

$67.26M

Total Assets

$1.39B

Equity

$418.23M

Shares Out

136.95M

Op. Cash Flow

$136.85M

Business

Arhaus, Inc. is a lifestyle brand and omni-channel retailer that designs, sources and sells artisan-crafted premium home furnishings. It offers furniture, outdoor, lighting, textiles and décor, along with in-home and online design services and print catalogs. The company operates key business components including theater-like Showrooms, an eCommerce platform, in-house upholstery manufacturing, direct global vendor sourcing and distribution centers that support its vertical model. Arhaus distributes products across an omni-channel network — Showrooms, online sales, print/digital media and in‑home designer services — primarily within the United States across multiple states.

Summary from filing dated 2025-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net revenue	1,379	1,271	1,288	1,229	797
Cost of goods sold	843	770	747	704	467
Gross margin	536	501	540	525	330
Selling, general and administrative expenses	447	415	376	340	296
Loss (gain) on disposal of assets	81,000	−1	0	0	466,000
Income from operations	89	87	164	185	33
Interest income, net	−3	−3	−3	3	—
Other income	−61,000	−754,000	−1	−1	−320,000
Income before taxes	92	91	169	183	27
Income tax expense	25	22	43	46	−10
Net income	67	69	125	137	21
Comprehensive income	67	69	125	137	21
Weighted-average number of common shares outstanding, basic (in shares)	141	140	139	138	116
Net and comprehensive income per share, basic (in dollars per share)	0.48	0.49	0.9	0.99	0.18
Weighted-average number of common shares outstanding, diluted (in shares)	141	141	140	140	120
Net and comprehensive income per share, diluted (in dollars per share)	0.48	0.49	0.89	0.98	0.18

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2023 2023-06-30	FY 2023 2023-03-31
Cash and cash equivalents	253	198	223	—	—
Restricted cash	3	3	3	—	—
Accounts receivable, net	700,000	1	2	—	—
Merchandise inventory, net	339	297	254	—	—
Prepaid and other current assets	25	32	26	30	34
Total current assets	621	531	509	508	480
Operating right-of-use assets	391	322	302	302	—
Financing right-of-use assets	33	36	39	—	—
Property, furniture and equipment, net	316	283	220	163	144
Deferred tax assets	20	21	19	—	—
Goodwill	11	11	11	—	—
Other noncurrent assets	2	2	5	—	3
Total assets	1,395	1,206	1,105	1,038	966
Accounts payable	78	69	64	—	—
Accrued taxes	10	10	10	—	—
Accrued wages	21	12	15	—	—
Accrued other expenses	47	48	46	—	—
Client deposits	236	221	174	—	—
Current portion of operating lease liabilities	60	42	33	—	—
Current portion of financing lease liabilities	862,000	1	904,000	—	—
Total current liabilities	453	402	342	—	—
Operating lease liabilities, long-term	467	403	363	346	—
Financing lease liabilities, long-term	52	53	54	—	—
Other long-term liabilities	4	4	4	—	—
Total liabilities	977	863	765	750	—
Commitments and contingencies (Note 11)	—	—	—	—	—
Retained earnings	210	143	145	—	—
Additional paid-in capital	208	201	195	—	—
Total stockholders equity	418	344	340	—	—
Total liabilities and stockholders equity	1,395	1,206	1,105	1,038	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	47	39	29	25	24
Amortization of operating lease right-of-use asset	43	37	33	29	0
Amortization of deferred financing fees, interest on finance lease in excess of principal paid and interest on operating leases	30	27	22	13	2
Equity based compensation	9	8	8	4	6
Deferred tax assets	2	−2	−2	10	−10
Amortization of cloud computing arrangements	3	2	698,000	0	0
Amortization and write-off of lease incentives	0	−80,000	−321,000	−304,000	−6
Insurance proceeds	0	0	60,000	0	0
Accounts receivable	589,000	1	−660,000	−2	372,000
Merchandise inventory	−42	−43	32	−78	−100
Prepaid and other assets	4	−2	−11	−7	−12
Other noncurrent liabilities	−6,000	−10,000	388,000	638,000	493,000
Accounts payable	10	6	1	10	15
Accrued expenses	8	−921,000	−2	28	17
Operating lease liabilities	−59	−38	−39	−29	0
Client deposits	15	47	−29	−62	111
Net cash provided by operating activities	137	147	169	77	140
Purchases of property, furniture and equipment	−78	−107	−93	−56	−41
Proceeds from the sale of property, furniture and equipment	54,000	8	0	0	0
Insurance proceeds	0	0	333,000	0	0
Net cash used in investing activities	−78	−100	−93	−56	−41
Payments of debt issuance costs	−245,000	0	0	0	−288,000
Principal payments under finance leases	−705,000	−927,000	−763,000	−177,000	0
Repurchase of shares for payment of withholding taxes for equity based compensation	−2	−2	−1	0	0
Cash dividend payments	−400,000	−70	0	0	—
Net cash used in financing activities	−3	−73	−2	−177,000	−31
Net increase (decrease) in cash, cash equivalents and restricted cash	56	−25	74	22	67
Interest paid in cash	5	5	5	5	5
Interest received in cash	8	9	9	1	0
Income taxes paid in cash	24	24	47	35	1
Purchases of property, furniture and equipment in current liabilities	7	8	10	8	—
Adjustment to deferred tax asset impact of Reorganization from partnership to a corporation	0	0	−2	−1	0

Filings

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