secwatch.observer — SEC 8-K summary
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Issuer:     RH (RH)
CIK:        0001528849
Form:       8-K
Filed at:   2025-12-11T23:59:59+00:00
Accession:  0001104659-25-120343
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RH Q3 revenue up 9% to $884M, net income up 9%, free cash flow $83M; Q4 guidance 7-8% revenue growth
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528849/000110465925120343/0001104659-25-120343-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528849/000110465925120343/rh-20251211x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-120343

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