Filing Flows › RH (RH) › Q1 FY27
RH (RH) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jun 11, 2026
RH (RH) reported revenue of $800M for the first quarter fiscal 2027 (Q1 FY27), -2% from a year earlier and -5% from the quarter before. Operating margin was 4.3%, net loss $13.7M (1.7% of revenue).
RH, Q1 FY27: revenue $800M (-2% year over year), operating margin 4.3%, net loss $13.7M, operating cash flow $52.5M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $800M | -5% | -2% |
| Operating profit | $34.2M | -65% | -39% |
| Net earnings | −$13.7M | -148% | -270% |
| Operating cash flow | $52.5M | -45% | -39% |
| Free cash flow | $13.3M | -76% | -61% |
What changed
Revenue was $800.3M in Q1 FY27, down 2% year over year and down 5% from the previous quarter.
Gross margin was 41.4%, down 2.3 points from Q1 FY26. Operating profit was $34.2M, a 4.3% margin (down 2.6 points year over year). Operating expenses fell 1% while revenue fell 2%. The quarter ended with a net loss of $13.7M, after a profit of $28.8M the previous quarter. Net interest and other expense of $53.8M was the main reason.
Operating cash flow was $52.5M (down 39% year over year). Non-cash charges added back $38.7M of depreciation and amortization and $11.9M of share-based compensation. Working capital and other items added $15.5M. Capital expenditures of $39.2M left free cash flow of $13.3M.
Questions
What was RH's revenue in the first quarter fiscal 2027?
RH (RH) reported revenue of $800M for the first quarter fiscal 2027 (Q1 FY27), -2% from a year earlier and -5% from the quarter before.
Was RH profitable in the first quarter fiscal 2027?
Operating profit was $34.2M (4.3% of revenue) and net loss $13.7M.
Source: RH 10-Q on SEC EDGAR.