Filing Flows › Arhaus (ARHS) › Q3 2026 › vs Q2 2026
Arhaus (ARHS) Q3 2026 vs Q2 2026 (quarter over quarter)
Arhaus's revenue fell $16.8M (-4%) from $385M in Q2 2026 to $368M in Q3 2026. Gross margin 39.2% against 44.7% (-5.5 pts).
Arhaus, Q3 2026: revenue $368M (+7% year over year), operating margin 2.7%, net earnings $7.8M, operating cash flow $113M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 39.2% | 44.7% | -5.5 pts |
| Operating margin | 2.7% | 14.1% | -11.4 pts |
| Net margin | 2.1% | 10.3% | -8.2 pts |
| Free cash flow margin | 25.0% | 12.5% | +12.4 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $368M | $385M | −$16.8M | -4% |
| Gross profit | $144M | $172M | −$27.7M | -16% |
| Cost of revenue | $224M | $213M | $10.9M | +5% |
| Other income, net | $1.6M | $1.1M | $522K | +47% |
| Operating profit | $10.1M | $54.3M | −$44.2M | -81% |
| Operating expenses | $134M | $118M | $16.5M | +14% |
| Pre-tax earnings | $11.7M | $55.4M | −$43.7M | -79% |
| Net earnings | $7.8M | $39.6M | −$31.8M | -80% |
| Income tax | $3.9M | $15.7M | −$11.8M | -75% |
| Depreciation & amortization | $14.3M | $12.7M | $1.5M | +12% |
| Share-based compensation | $2.4M | $3.4M | −$988K | -29% |
| Working capital & other | $88.7M | $13.7M | $75.0M | +548% |
| Operating cash flow | $113M | $69.5M | $43.7M | +63% |
| Free cash flow (OCF − capex) | $91.9M | $48.3M | $43.6M | +90% |
| Capital expenditures | $21.3M | $21.2M | $85K | +0.4% |
Questions
How much did Arhaus's revenue grow quarter over quarter in Q3 2026?
Arhaus's revenue fell $16.8M (-4%) from $385M in Q2 2026 to $368M in Q3 2026. Gross margin 39.2% against 44.7% (-5.5 pts).