RH Q2 revenue rises 8.4% to $899.2M; net income up 79%, fiscal 2025 outlook revised
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits 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 September 11, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.