Filing Flows › Arhaus (ARHS) › Q1 2026
Arhaus (ARHS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Arhaus (ARHS) reported revenue of $314M for the first quarter 2026 (Q1 2026), +0.9% from a year earlier and -14% from the quarter before. Operating margin was 0.7%, net earnings $2.2M (0.7% of revenue).
Arhaus, Q1 2026: revenue $314M (+0.9% year over year), operating margin 0.7%, net earnings $2.2M, operating cash flow −$9.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $314M | -14% | +0.9% |
| Gross profit | $114M | -18% | -1% |
| Operating profit | $2.1M | -89% | -61% |
| Net earnings | $2.2M | -85% | -54% |
| Operating cash flow | −$9.7M | -204% | -121% |
What changed
Revenue was $314.3M in Q1 2026, up 1% year over year and down 14% from the previous quarter.
Gross margin was 36.4%, down 0.7 points from Q1 2025. Operating profit was $2.1M, a 0.7% margin (down 1.1 points year over year). Operating profit fell $3.3M even though revenue rose $2.9M versus Q1 2025, so costs grew faster than sales. Operating expenses grew 2% against revenue growth of 1%. Net earnings were $2.2M, down 54% year over year. The effective tax rate was 35.3%. Non-operating items added $1.3M, 38% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$9.7M. Non-cash charges added back $12.4M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items used $26.9M. Capital expenditures of $16.9M exceeded it, leaving free cash flow of −$26.6M.
Questions
What was Arhaus' revenue in the first quarter 2026?
Arhaus (ARHS) reported revenue of $314M for the first quarter 2026 (Q1 2026), +0.9% from a year earlier and -14% from the quarter before.
Was Arhaus profitable in the first quarter 2026?
Operating profit was $2.1M (0.7% of revenue) and net earnings $2.2M.
Source: Arhaus 10-Q on SEC EDGAR.