Filing Flows › RH (RH) › Q4 FY25
RH (RH) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Apr 2, 2025
RH (RH) reported revenue of $812M for the fourth quarter fiscal 2025 (Q4 FY25), +10% from a year earlier and +0.1% from the quarter before. Operating margin was 8.7%, net earnings $13.9M (1.7% of revenue).
RH, Q4 FY25: revenue $812M (+10% year over year), operating margin 8.7%, net earnings $13.9M, operating cash flow −$18.8M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $812M | +0.1% | +10% |
| Gross profit | $363M | +0.4% | +13% |
| Operating profit | $70.3M | -31% | +9% |
| Net earnings | $13.9M | -58% | +22% |
| Operating cash flow | −$18.8M | — | — |
What changed
Revenue was $812.4M in Q4 FY25, up 10% year over year and roughly flat from the previous quarter.
Gross margin was 44.7%, up 1.2 points from a year earlier. Operating profit was $70.3M, a 8.7% margin (unchanged year over year). Of the extra revenue versus a year earlier, 8% reached operating profit, below the 9% margin then. Operating expenses grew 14% against revenue growth of 10%. Net earnings were $13.9M, up 22% year over year. The effective tax rate was -77.6%.
Operating cash flow was −$18.8M. Non-cash charges added back $34.1M of depreciation and amortization and $10.4M of share-based compensation. Working capital and other items used $77.2M. Capital expenditures of $50.9M exceeded it, leaving free cash flow of −$69.7M.
Questions
What was RH's revenue in the fourth quarter fiscal 2025?
RH (RH) reported revenue of $812M for the fourth quarter fiscal 2025 (Q4 FY25), +10% from a year earlier and +0.1% from the quarter before.
Was RH profitable in the fourth quarter fiscal 2025?
Operating profit was $70.3M (8.7% of revenue) and net earnings $13.9M.
Source: RH 10-K on SEC EDGAR.