Quarterly ResultMay 7, 2026, 06:14 AM
Arhaus Q1 Net Income $2.2M, Down 54%; Paid $49.5M in Dividends
AI Summary
Arhaus, Inc. reported a significant decline in net income for the first quarter of 2026, falling 54.46% to $2.2 million, despite a modest 0.93% increase in net revenue to $314.3 million. The company also experienced a shift to negative operating cash flow, using $9.7 million compared to providing $46.5 million in the prior year period. A substantial increase in cash dividend payments, totaling $49.5 million, was also noted. The company's debt facility was amended, extending its maturity to October 2030.
Key Highlights
- Net income decreased 54.46% to $2.2 million from $4.9 million in Q1 2025.
- Net revenue increased 0.93% to $314.3 million from $311.4 million in Q1 2025.
- Basic EPS decreased to $0.02 from $0.03 in Q1 2025.
- Net cash used in operating activities was $9.7 million, compared to $46.5 million provided in Q1 2025.
- Cash dividend payments totaled $49.5 million, significantly up from $0.2 million in Q1 2025.
- Retail channel revenue grew 3.5% to $264.4 million; eCommerce revenue fell 10.8% to $49.9 million.
- Client deposits increased to $271.2 million as of March 31, 2026, from $235.9 million at Dec 31, 2025.
- The company operated 107 showrooms as of March 31, 2026.
- The 2021 Credit Facility maturity was extended to October 2030, with $75 million revolving credit commitment.
Price Impact
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