AI brief of an SEC Form 8-K · RH (RH)

RH Q4 revenue rose 10% to $812 million; fiscal 2024 net income fell to $72 million

Mixed Impact 4 of 5 earnings Written later

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.

Key points

  • 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%.

The filing

CompanyRH (RH)
Form8-K, current report
Filed with the SECApr 2, 2025, 4:22 PM ET
Accession number0001558370-25-004324

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 April 02, 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.