RH posts Q1 revenue $800.3M (down 1.7% YoY), net loss $13.7M, raises FY2026 outlook

GAAP net revenues $800.3M (-1.7% YoY); GAAP net loss $13.7M; adjusted EBITDA $56.9M (margin 7.1%).
Backorder/special order balances ~$75M above prior year due to tariff resourcing, impacting Q1 revenue by ~$45M.
FY2026 outlook raised: revenue growth 4.5%-8.0%, adjusted EBITDA margin 14.2%-16.0%, adj. free cash flow $300M-$400M.
Q2 outlook: revenue growth 0.5%-2.5%, adjusted EBITDA margin 11.5%-13.0% (includes ~380bps pre-opening costs).
Launches RH Estates, offering formerly trade-only luxury home furnishings; introduces RH Bespoke and Couture Upholstery.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RH updated its first quarter ended May 2, 2026 guidance (raised).

Period: first quarter ended May 2, 2026
Guidance: raised
Result: reported results

Exact text from the filing

On June 11, 2026, RH released its financial results for the first quarter ended May 2, 2026 in a letter to shareholders that is available on the investor relations section of its website.

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