earnings
confidence high
sentiment positive
materiality 0.75
RH Q3 revenue up 9% to $884M, net income up 9%, free cash flow $83M; Q4 guidance 7-8% revenue growth
RH
2025-Q3 EPS reported
$4.84
revenue$2,596,913,000
- Q3 GAAP revenue $884M (+9% YoY), net income $36M (+9%), adjusted operating margin 11.6% (below 12.5% midpoint due to tariffs and Paris costs).
- Free cash flow $83M in Q3; YTD $198M; on track for $250M-$300M full-year outlook.
- Q4 outlook: revenue growth 7-8%, adjusted operating margin 12.5%-13.5%, adjusted EBITDA margin 18.7%-19.6%.
- FY2025 outlook: revenue growth 9.0%-9.2%, adjusted operating margin 11.6%-11.9%, free cash flow $250M-$300M.
- Net debt down $85M to $2.427B; inventory down 11% YoY; real estate assets with ~$500M equity value to be monetized.
item 2.02item 9.01