RH Q3 revenue rises 9% to $884 million; net income up 9% to $36 million
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.
Key points
- 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
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 11, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.