Every material Form 8-K RH has filed with the SEC since March 27, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
RH reported second-quarter fiscal 2026 results for the period ended August 1, 2026, with GAAP net revenues of $922.2 million, up 2.6% from a year earlier and above the high end of its guidance. The company also updated its fiscal 2026 outlook, calling for revenue growth of 5.5% to 7.0% and adjusted EBITDA margin of 15.0% to 16.2%, while adjusted EBITDA for the quarter included a $55.1 million tariff benefit.
GAAP net revenues were $922.2 million, up 2.6%; GAAP net income was $60.2 million.
Adjusted EBITDA was $178.5 million (19.4% margin), including a $55.1 million tariff benefit; normalized adjusted EBITDA was $123.5 million (13.4% margin).
Updated fiscal 2026 outlook: revenue growth of 5.5% to 7.0% and adjusted EBITDA margin of 15.0% to 16.2%.
Third-quarter outlook calls for revenue growth of 5.0% to 6.0% and adjusted EBITDA margin of 12.5% to 13.5%.
RH reported first quarter 2026 results for the period ended May 2, 2026, with net revenues down 1.7% to $800.3 million and a net loss of $13.7 million, compared with net income of $8.0 million a year earlier. The company raised its full-year 2026 outlook, which matters to shareholders because it signals management expects revenue growth of 4.5% to 8.0% for the year despite the weaker quarter.
Q1 net loss of $13.7 million, or $0.73 per diluted share, versus net income of $8.0 million, or $0.40 per diluted share, in the prior-year quarter
Q1 adjusted EBITDA of $56.9 million, with an adjusted EBITDA margin of 7.1%
Raised fiscal 2026 outlook: revenue growth of 4.5% to 8.0% and adjusted EBITDA margin of 14.2% to 16.0%
Second quarter 2026 outlook: revenue growth of 0.5% to 2.5% and adjusted EBITDA margin of 11.5% to 13.0%
RH reported fourth quarter and fiscal 2025 results on March 31, 2026, with net revenues up 3.7% to $843 million and net income up 107% to $29 million for the quarter. For fiscal 2025, net revenues rose 8.1% to $3.44 billion and net income rose 72% to $125 million. However, the company guided to first-quarter 2026 revenue growth of negative 2% to negative 4%, so shareholders face a weaker near-term sales outlook even as profits improved.
Q4 2025 diluted EPS was $1.46 versus $0.69 a year earlier; net revenues were $842.6 million versus $812.4 million.
Fiscal 2025 diluted EPS was $6.31 versus $3.62; free cash flow was $252 million for the year.
Q1 2026 outlook: revenue growth of negative 2% to negative 4% and adjusted EBITDA margin of 5.5% to 6.5%.
Fiscal 2026 outlook: revenue growth of 4% to 8% and adjusted EBITDA margin of 14% to 16%.
RH disclosed that Stefan Duban, its Chief Gallery & Customer Officer, is leaving the company effective January 26, 2026, under his existing employment arrangements. His responsibilities have been reassigned to other company leaders effective immediately.
Stefan Duban, Chief Gallery & Customer Officer, departs January 26, 2026
Mutual understanding on departure reached January 20, 2026
Duties assigned to other Company leaders effective immediately
Filing does not state a replacement or any financial terms of the departure
RH reported third quarter fiscal 2025 results for the period ended November 1, 2025, with net revenues up 9% to $883.8 million and net income up 9% to $36.3 million, or $1.83 per diluted share versus $1.66 a year earlier. Adjusted operating margin of 11.6% fell below the 12.5% midpoint of the company's guidance, which management attributed to higher tariff expense and Paris opening costs, and the company updated its outlook for the fourth quarter and full year 2025.
Q3 net revenues $883.8 million, up from $811.7 million; net income $36.3 million, up from $33.2 million
Diluted net income per share $1.83 versus $1.66 in the prior-year quarter; adjusted operating margin 11.6% versus 12.5% guidance midpoint
Free cash flow of $83 million in Q3 and $198 million year to date; full-year 2025 free cash flow outlook $250 million to $300 million
Q4 2025 outlook: revenue growth of 7% to 8% and adjusted operating margin of 12.5% to 13.5%; net debt was $2.427 billion at quarter end
RH reported second quarter 2025 GAAP net revenues of $899.2 million, up 8.4%, and GAAP net income of $51.7 million, up 79%, for the quarter ended August 2, 2025. The company also revised its fiscal 2025 guidance, citing tariffs, including a $30 million cost of incremental tariffs, net of mitigation, in the second half, and roughly $40 million of revenue expected to shift from Q3 into Q4 and Q1 2026.
Q2 GAAP net revenues rose 8.4% to $899.2 million; GAAP net income rose 79% to $51.7 million.
Q2 free cash flow was $80.7 million; GAAP operating margin was 14.3% and adjusted operating margin was 15.1%.
Updated outlook includes a $30 million cost of incremental tariffs, net of mitigation, in the second half of 2025.
Fiscal 2025 outlook includes revenue growth of 9% to 11% and free cash flow of $250 million to $300 million; the filing does not state the prior guidance figures.
RH's subsidiary Restoration Hardware, Inc. amended its revolving credit agreement on July 31, 2025, extending the maturity date by four years. The facility remains up to $600 million, with an accordion feature that could expand it to as much as $900 million if lenders agree. The filing does not report any borrowing under the facility, and availability depends on a borrowing base tied to eligible inventory and receivables.
Amendment dated July 31, 2025 extends the maturity date of the credit agreement by four years
Revolving line of credit of up to $600 million; $10 million available to Restoration Hardware Canada and $100 million to RH Geneva Sàrl
Accordion feature allows expansion from $600 million to up to $900 million if lenders revise commitments
Credit is secured by inventory, receivables and certain intellectual property
RH reported first quarter fiscal 2025 results for the period ended May 3, 2025, with GAAP net revenues up 12% to $814 million and GAAP operating income of $56 million. The company kept its fiscal 2025 outlook unchanged but expects tariff-related shipment disruption to reduce second-quarter revenue by about 6 points, and it delayed a planned new concept launch to spring 2026.
GAAP net revenues rose 12% to $814 million; GAAP operating margin was 6.9% and adjusted operating margin was 7.0%
GAAP operating income was $56 million; free cash flow was positive at $34 million in the quarter
Fiscal 2025 guidance maintained: revenue growth of 10% to 13% and free cash flow of $250 million to $350 million
Second-quarter 2025 revenue growth outlook is 8% to 10%, with tariff disruption expected to cut about 6 points
RH appointed Lisa Chi as President and Co-Chief Creative & Merchandising Officer, working alongside current President Eri Chaya, reporting to Chairman and CEO Gary Friedman. Chi is rejoining RH after serving as Chief Merchandising Officer at Arhaus, Inc. since July 2021, and her pay package includes a $1,000,000 base salary and equity awards.
Appointment approved by the Board on May 20, 2025; Chi will co-lead product development, merchandising, inventory planning, sourcing, manufacturing and marketing with Eri Chaya.
Chi's pay includes a $1,000,000 annual base salary, guaranteed raises of $100,000 per year over the next two years, and a 50% LIP target payout.
Equity grants include 20,000 restricted stock units and options to buy 50,000 shares of common stock.
RH also entered a compensation protection agreement giving Chi base salary and continued vesting of initial equity for 24 months after certain terminations.
RH said its Chief Legal & Compliance Officer, Edward Lee, intends to resign effective June 20, 2025, to become Chief Legal Officer at another company. The company has started searching for a replacement. The filing does not name a successor or report any financial effect.
Edward Lee, Chief Legal & Compliance Officer, plans to resign effective June 20, 2025
Lee is leaving to take a Chief Legal Officer role at another company shortly after the effective date
RH has commenced a search for a replacement; no successor is named in the filing
RH reported fourth-quarter and fiscal 2024 results, with GAAP net revenues of $812 million in the quarter, up 10%, and GAAP net income of $14 million. For the full year, net revenues rose 5.0% to $3.181 billion, but GAAP net income fell to $72 million from $128 million. RH also gave fiscal 2025 guidance calling for revenue growth of 10% to 13% and an adjusted operating margin of 14% to 15%, which shareholders will weigh against the lower full-year profit.
Q4 fiscal 2024 GAAP net revenues were $812 million, up 10%; GAAP operating income was $70 million, up 9%.
Q4 adjusted operating income was $92 million, up 38%, per the shareholder letter.
Fiscal 2024 GAAP net income was $72 million, versus $128 million in fiscal 2023.
Fiscal 2025 outlook: revenue growth of 10% to 13%; first-quarter 2025 revenue growth of 12.5% to 13.5%.
RH reported third-quarter fiscal 2024 GAAP net revenues of $812 million, up 8.1%, and GAAP net income of $33 million, with adjusted operating margin of 15.0% compared with 7.3% a year earlier. The company raised its fourth-quarter and full-year guidance, with fourth-quarter revenue growth now expected at 18% to 20% and full-year revenue growth at 6.8% to 7.2%.
Third-quarter GAAP net revenues of $812 million, up 8.1%; GAAP net income of $33 million.
Adjusted operating margin of 15.0% versus 7.3% a year earlier; adjusted EBITDA margin of 20.8% versus 12.4%.
Fourth-quarter revenue growth guidance of 18% to 20%; full-year revenue growth guidance of 6.8% to 7.2%.
RH reported second-quarter fiscal 2024 net revenues of $830 million, up 3.6% from a year earlier, but net income fell to $29 million from $76.5 million and diluted EPS fell to $1.45 from $3.36. The company also revised its full-year fiscal 2024 forecast, now calling for revenue growth of 5% to 7% and adjusted operating margin of 11% to 12%, which matters to shareholders because it sets the outlook for the rest of the year.
Q2 net revenues were $830 million, up 3.6%, while income from operations fell to $96 million from $151 million.
Net income was $29 million versus $76.5 million a year earlier; diluted EPS was $1.45 versus $3.36.
Full-year fiscal 2024 forecast: demand growth of 8% to 10%, revenue growth of 5% to 7%, adjusted operating margin of 11% to 12%, adjusted EBITDA margin of 17% to 18%.
Third-quarter forecast: revenue growth of 7% to 9% and adjusted operating margin of 15% to 16%; the company expects year-end backlog of about $80 million to $100 million.
RH reported first quarter fiscal 2024 results for the period ended May 4, 2024, with net revenues of $727 million, down from $739 million a year earlier. The company posted a net loss of $3.6 million, or $0.20 per share, compared with net income of $41.9 million, or $1.76 per diluted share, a year earlier, and it reaffirmed its fiscal 2024 outlook, which calls for revenue growth of 8% to 10%.
Net revenues were $727 million versus $739 million in the first quarter of 2023.
Net loss was $3.6 million, or $0.20 per share, compared with net income of $41.9 million, or $1.76 per diluted share, a year earlier.
Income from operations fell to $54.7 million from $99.2 million, and net interest expense rose to $56.8 million from $39.8 million.
For fiscal 2024, RH expects revenue growth of 8% to 10% and adjusted operating margin of 13% to 14%; for the second quarter it expects revenue growth of 3% to 4%.
RH reported fourth-quarter fiscal 2023 net revenues of $738.3 million, down from $772.5 million a year earlier, and net income of $11.4 million, down from $106.9 million. For the full year, net revenues were $3.03 billion versus $3.59 billion, and net income was $127.6 million versus $528.6 million. The company forecast fiscal 2024 revenue growth of 8% to 10% and adjusted operating margin of 13% to 14%, while saying revenue will lag demand during the year.
Q4 net revenues $738.3 million vs. $772.5 million a year earlier; net income $11.4 million vs. $106.9 million
Fiscal 2023 net revenues $3.03 billion vs. $3.59 billion; net income $127.6 million vs. $528.6 million
Fiscal 2024 forecast: revenue growth of 8% to 10% and adjusted operating margin of 13% to 14%
First-quarter fiscal 2024 revenues forecast to be negative low-single digits
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