Arhaus, Inc(NASDAQ:ARHS) 
Arhaus, Inc. provides merchandise assortments across various categories, including furniture, lighting, textiles, décor, and outdoor furniture product that includes bedroom, dining room, living room, home office furnishings, textile products consist of handcrafted indoor and outdoor rugs, bed linen...
Website: http://www.arhaus.com
Founded: 1986
CEO: John Reed
Sector: Consumer Cyclical
Industry: Home Improvement Retail
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At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net revenue | 314,276,000 | 364,845,000 | 344,570,000 | 358,435,000 | 311,372,000 | 347,011,000 | 319,133,000 | 309,801,000 | 295,162,000 | 344,008,000 | 326,229,000 | 312,899,000 | 304,568,000 | 356,333,000 | 320,030,000 | 306,265,000 | 246,300,000 | 238,232,000 | 203,333,000 |
yoy | 0.93% | 5.14% | 7.97% | 15.70% | 5.49% | 0.87% | -2.18% | -0.99% | -3.09% | -3.46% | 1.94% | 2.17% | 23.66% | 49.57% | 57.39% | ||||
qoq | -13.86% | 5.88% | -3.87% | 15.11% | -10.27% | 8.74% | 3.01% | 4.96% | -14.20% | 5.45% | 4.26% | 2.74% | -14.53% | 11.34% | 4.49% | 24.35% | 3.39% | 17.16% | |
cost of goods sold | 199,841,000 | 225,672,000 | 211,149,000 | 210,208,000 | 195,785,000 | 208,280,000 | 196,061,000 | 185,429,000 | 180,108,000 | 202,800,000 | 195,372,000 | 172,779,000 | 176,330,000 | 198,308,000 | 183,739,000 | 173,239,000 | 148,583,000 | 141,279,000 | 118,522,000 |
gross margin | 114,435,000 | 139,173,000 | 133,421,000 | 148,227,000 | 115,587,000 | 138,731,000 | 123,072,000 | 124,372,000 | 115,054,000 | 141,208,000 | 130,857,000 | 140,120,000 | 128,238,000 | 158,025,000 | 136,291,000 | 133,026,000 | 97,717,000 | 96,953,000 | 84,811,000 |
yoy | -1.00% | 0.32% | 8.41% | 19.18% | 0.46% | -1.75% | -5.95% | -11.24% | -10.28% | -10.64% | -3.99% | 5.33% | 31.23% | 62.99% | 60.70% | ||||
qoq | -17.77% | 4.31% | -9.99% | 28.24% | -16.68% | 12.72% | -1.05% | 8.10% | -18.52% | 7.91% | -6.61% | 9.27% | -18.85% | 15.95% | 2.45% | 36.13% | 0.79% | 14.32% | |
gross margin % | 36.41% | 38.15% | 38.72% | 41.35% | 37.12% | 39.98% | 38.56% | 40.15% | 38.98% | 41.05% | 40.11% | 44.78% | 42.10% | 44.35% | 42.59% | 43.43% | 39.67% | 40.70% | 41.71% |
selling, general and administrative expenses | 112,195,000 | 118,907,000 | 117,014,000 | 101,462,000 | 110,058,000 | 111,341,000 | 112,401,000 | 94,991,000 | 96,693,000 | 100,222,000 | 106,977,000 | 86,131,000 | 82,782,000 | 93,621,000 | 89,145,000 | 82,774,000 | 74,848,000 | 99,905,000 | 68,137,000 |
loss on disposal of assets | 104,000 | -27,000 | 108,000 | 452,000 | |||||||||||||||
income from operations | 2,136,000 | 20,266,000 | 16,434,000 | 46,765,000 | 5,421,000 | 28,592,000 | 10,671,000 | 29,381,000 | 18,361,000 | 40,986,000 | 23,880,000 | 53,989,000 | 45,456,000 | 64,404,000 | 47,146,000 | 50,252,000 | 22,869,000 | -2,952,000 | 16,222,000 |
yoy | -60.60% | -29.12% | 54.01% | 59.17% | -70.48% | -30.24% | -55.31% | -45.58% | -59.61% | -36.36% | -49.35% | 7.44% | 98.77% | -2281.71% | 190.63% | ||||
qoq | -89.46% | 23.32% | -64.86% | 762.66% | -81.04% | 167.94% | -63.68% | 60.02% | -55.20% | 71.63% | -55.77% | 18.77% | -29.42% | 36.61% | -6.18% | 119.74% | -874.70% | -118.20% | |
operating margin % | 0.68% | 5.55% | 4.77% | 13.05% | 1.74% | 8.24% | 3.34% | 9.48% | 6.22% | 11.91% | 7.32% | 17.25% | 14.92% | 18.07% | 14.73% | 16.41% | 9.29% | -1.24% | 7.98% |
interest income | -454,000 | -895,000 | -820,000 | -744,000 | -573,000 | -645,500 | -544,000 | -606,000 | |||||||||||
other income | -847,000 | 293,000 | -118,000 | -150,000 | -86,000 | -307,000 | -250,000 | -75,000 | -122,000 | -289,000 | -78,000 | -88,000 | -572,000 | -710,000 | -109,000 | -117,000 | -358,000 | ||
income before taxes | 3,437,000 | 20,868,000 | 17,372,000 | 47,659,000 | 6,080,000 | 29,480,000 | 11,465,000 | 30,062,000 | 19,915,000 | 42,895,000 | 25,038,000 | 54,555,000 | 46,201,000 | 65,094,000 | 46,504,000 | 49,053,000 | 21,927,000 | -5,496,000 | 14,883,000 |
income tax expense | 1,214,000 | 5,778,000 | 5,154,000 | 12,593,000 | 1,198,000 | 8,186,000 | 1,542,000 | 7,828,000 | 4,816,000 | 11,679,000 | 5,297,000 | 14,372,000 | 12,102,000 | 18,093,000 | 9,568,000 | 12,414,000 | 5,869,000 | ||
net and comprehensive income | 2,223,000 | 15,090,000 | 12,218,000 | 35,066,000 | 4,882,000 | 21,294,000 | 9,923,000 | 22,234,000 | 15,099,000 | 31,216,000 | 19,741,000 | 40,183,000 | 34,099,000 | 47,001,000 | 36,936,000 | 36,639,000 | 16,058,000 | 6,352,000 | 14,383,000 |
net and comprehensive income per share, basic | 0.02 | 0.11 | 0.09 | 0.25 | 0.03 | 0.15 | 0.07 | 0.16 | 0.11 | 0.23 | 0.14 | 0.29 | 0.25 | 0.34 | 0.27 | 0.27 | 0.12 | ||
weighted-average number of common shares outstanding, basic | 140,966,908 | 140,697,725 | 140,829,409 | 140,709,814 | 140,361,588 | 140,072,148 | 140,166,990 | 139,985,846 | 139,816,792 | 139,471,110 | 139,628,776 | 139,389,967 | 139,072,756 | 138,094,180 | 138,484,495 | 137,840,691 | 137,482,533 | 116,013,492 | |
net and comprehensive income per share, diluted | 0.02 | 0.11 | 0.09 | 0.25 | 0.03 | 0.15 | 0.07 | 0.16 | 0.11 | 0.22 | 0.14 | 0.29 | 0.24 | 0.34 | 0.26 | 0.26 | 0.12 | ||
weighted-average number of common shares outstanding, diluted | 141,741,874 | 141,412,481 | 141,676,722 | 141,162,310 | 141,090,633 | 140,692,000 | 140,722,915 | 140,916,161 | 140,556,031 | 140,096,732 | 140,140,899 | 139,979,928 | 139,939,543 | 139,605,550 | 139,845,333 | 139,454,109 | 138,708,468 | 119,521,442 | |
interest expense | -1,432,000 | -1,620,000 | -1,080,000 | -478,000 | -173,000 | 20,000 | 751,000 | 1,316,000 | 1,300,000 | 1,414,000 | 1,339,000 | ||||||||
less: net income attributable to noncontrolling interest | |||||||||||||||||||
net and comprehensive income attributable to arhaus, inc. | 47,001,000 | 36,936,000 | 36,639,000 | 16,058,000 | |||||||||||||||
state and local taxes | 426,000 | 500,000 | |||||||||||||||||
net and comprehensive income attributable to the shareholders | 7,645,000 | 14,383,000 | |||||||||||||||||
net and comprehensive income per share | |||||||||||||||||||
basic and diluted | 0.068 | 0.13 | |||||||||||||||||
weighted-average number of shares outstanding | |||||||||||||||||||
basic and diluted | 112,058,742 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||
current assets | |||||||||||||||||||
cash and cash equivalents | 177,111,000 | 253,356,000 | 262,230,000 | 234,797,000 | 214,394,000 | 197,511,000 | 177,722,000 | 174,186,000 | 233,230,000 | 223,098,000 | 236,930,000 | 176,759,000 | 144,520,000 | 145,181,000 | 145,737,000 | 144,628,000 | 148,841,000 | 123,777,000 | 149,246,000 |
restricted cash | 3,224,000 | 3,124,000 | 3,625,000 | 3,622,000 | 3,520,000 | 3,418,000 | 3,216,000 | 3,213,000 | 3,210,000 | 3,207,000 | |||||||||
accounts receivable | 432,000 | 663,000 | 1,071,000 | 970,000 | 1,050,000 | 1,252,000 | 1,196,000 | 1,544,000 | 1,805,000 | 2,394,000 | 1,962,000 | 1,746,000 | 1,907,000 | 1,734,000 | 1,778,000 | 1,500,000 | 1,586,000 | 228,000 | 360,000 |
merchandise inventory | 369,457,000 | 338,806,000 | 328,728,000 | 311,117,000 | 301,403,000 | 297,010,000 | 294,596,000 | 273,557,000 | 268,410,000 | 254,292,000 | 268,960,000 | 294,854,000 | 292,122,000 | 286,419,000 | 292,571,000 | 272,478,000 | 246,542,000 | 208,343,000 | 170,555,000 |
prepaid and other current assets | 31,619,000 | 25,425,000 | 30,519,000 | 27,063,000 | 32,391,000 | 31,852,000 | 32,530,000 | 38,010,000 | 33,122,000 | 45,260,000 | 63,140,000 | 43,084,000 | 44,122,000 | 37,371,000 | 35,867,000 | 29,509,000 | 31,013,000 | 28,517,000 | 20,380,000 |
total current assets | 581,843,000 | 621,374,000 | 626,173,000 | 577,569,000 | 552,758,000 | 531,043,000 | 509,260,000 | 490,510,000 | 539,777,000 | 528,251,000 | 574,457,000 | 521,047,000 | 489,771,000 | 478,051,000 | 482,298,000 | 455,100,000 | 435,116,000 | 367,996,000 | 346,421,000 |
operating right-of-use assets | 408,763,000 | 391,274,000 | 384,692,000 | 367,524,000 | 345,661,000 | 322,302,000 | 348,612,000 | 352,472,000 | 322,905,000 | 302,157,000 | 314,378,000 | 309,211,000 | 278,522,000 | 252,055,000 | 224,921,000 | 231,667,000 | 196,896,000 | ||
financing right-of-use assets | 32,744,000 | 33,275,000 | 33,752,000 | 34,208,000 | 34,608,000 | 36,105,000 | 37,129,000 | 37,764,000 | 38,209,000 | 38,835,000 | 39,480,000 | 39,979,000 | 37,957,000 | 38,522,000 | 39,062,000 | 39,602,000 | 38,103,000 | ||
property, furniture and equipment | 322,038,000 | 316,216,000 | 310,356,000 | 303,425,000 | 297,538,000 | 282,520,000 | 285,292,000 | 268,339,000 | 243,167,000 | 210,238,000 | 156,632,000 | 149,515,000 | 136,156,000 | 135,066,000 | 128,783,000 | 116,620,000 | 107,581,000 | 179,631,000 | 137,013,000 |
deferred tax assets | 18,863,000 | 19,545,000 | 10,696,000 | 22,620,000 | 21,449,000 | 21,091,000 | 15,358,000 | 14,258,000 | 18,953,000 | 19,127,000 | |||||||||
goodwill | 10,961,000 | 10,961,000 | 10,961,000 | 10,961,000 | 10,961,000 | 10,961,000 | 10,961,000 | 10,961,000 | 10,961,000 | 10,961,000 | 10,961,000 | 10,961,000 | 10,961,000 | 10,961,000 | 10,961,000 | 10,961,000 | 10,961,000 | 10,961,000 | 10,961,000 |
other noncurrent assets | 2,308,000 | 2,101,000 | 2,008,000 | 2,069,000 | 1,967,000 | 2,294,000 | 2,699,000 | 2,997,000 | 2,407,000 | 4,525,000 | 3,081,000 | 3,058,000 | 277,000 | 296,000 | 235,000 | 249,000 | 264,000 | 278,000 | 885,000 |
total assets | 1,377,520,000 | 1,394,746,000 | 1,378,638,000 | 1,318,376,000 | 1,264,942,000 | 1,206,316,000 | 1,209,311,000 | 1,177,301,000 | 1,176,379,000 | 1,114,094,000 | 1,115,574,000 | 1,045,279,000 | 965,886,000 | 931,792,000 | 907,208,000 | 877,032,000 | 814,189,000 | 586,550,000 | 495,280,000 |
liabilities and stockholders’ equity | |||||||||||||||||||
current liabilities | |||||||||||||||||||
accounts payable | 67,925,000 | 78,360,000 | 69,511,000 | 70,542,000 | 59,709,000 | 68,621,000 | 73,559,000 | 67,949,000 | 62,135,000 | 63,699,000 | 58,138,000 | 55,082,000 | 53,072,000 | 62,636,000 | 58,455,000 | 62,331,000 | 54,249,000 | 51,429,000 | 30,383,000 |
accrued taxes | 6,544,000 | 10,322,000 | 12,022,000 | 15,602,000 | 10,835,000 | 10,480,000 | 5,998,000 | 7,093,000 | 13,296,000 | 9,638,000 | 13,134,000 | 8,637,000 | 15,320,000 | 12,256,000 | 12,706,000 | 8,594,000 | 12,486,000 | 7,302,000 | 10,102,000 |
accrued wages | 14,851,000 | 20,879,000 | 21,385,000 | 16,413,000 | 14,221,000 | 11,538,000 | 11,753,000 | 10,791,000 | 11,156,000 | 15,185,000 | 12,015,000 | 11,233,000 | 6,590,000 | 20,860,000 | 17,498,000 | 13,911,000 | 12,822,000 | 16,524,000 | 18,634,000 |
accrued other expenses | 40,379,000 | 46,781,000 | 46,135,000 | 43,353,000 | 39,832,000 | 47,668,000 | 45,584,000 | 43,195,000 | 42,502,000 | 47,073,000 | 33,857,000 | 33,174,000 | 35,169,000 | 33,756,000 | 26,718,000 | 20,946,000 | 61,047,000 | ||
client deposits | 271,229,000 | 235,943,000 | 253,973,000 | 233,070,000 | 263,206,000 | 220,873,000 | 224,138,000 | 210,268,000 | 202,922,000 | 173,808,000 | 212,406,000 | 193,401,000 | 197,933,000 | 202,587,000 | 261,801,000 | 276,968,000 | 306,243,000 | 264,929,000 | 260,204,000 |
current portion of operating lease liabilities | 64,475,000 | 60,115,000 | 62,446,000 | 55,096,000 | 48,916,000 | 42,247,000 | 51,669,000 | 49,463,000 | 42,694,000 | 45,557,000 | 42,472,000 | 41,483,000 | 40,233,000 | 39,744,000 | 39,248,000 | 37,624,000 | 37,957,000 | ||
current portion of financing lease liabilities | 964,000 | 862,000 | 684,000 | 647,000 | 600,000 | 1,024,000 | 991,000 | 975,000 | 919,000 | 904,000 | 925,000 | 934,000 | 494,000 | 531,000 | 522,000 | 513,000 | 182,000 | ||
total current liabilities | 466,367,000 | 453,262,000 | 466,156,000 | 434,723,000 | 437,319,000 | 402,451,000 | 415,675,000 | 392,123,000 | 446,945,000 | 351,293,000 | 386,163,000 | 344,627,000 | 346,816,000 | 373,783,000 | 423,986,000 | 426,659,000 | 444,885,000 | 401,231,000 | 336,735,000 |
operating lease liabilities, long-term | 482,109,000 | 467,226,000 | 455,910,000 | 441,945,000 | 422,848,000 | 402,916,000 | 415,410,000 | 417,861,000 | 383,684,000 | 362,598,000 | 360,708,000 | 352,898,000 | 315,694,000 | 289,871,000 | 263,753,000 | 268,061,000 | 227,191,000 | ||
financing lease liabilities, long-term | 52,166,000 | 52,374,000 | 52,569,000 | 52,590,000 | 52,550,000 | 53,312,000 | 53,453,000 | 53,636,000 | 53,658,000 | 53,870,000 | 54,010,000 | 53,863,000 | 51,806,000 | 51,835,000 | 51,908,000 | 51,981,000 | 50,342,000 | ||
other long-term liabilities | 4,193,000 | 3,656,000 | 3,587,000 | 3,505,000 | 3,397,000 | 3,892,000 | 4,128,000 | 4,371,000 | 4,574,000 | 4,143,000 | 4,173,000 | 4,215,000 | 4,284,000 | 4,336,000 | 4,413,000 | 4,004,000 | 2,714,000 | 1,992,000 | 51,310,000 |
total liabilities | 1,004,835,000 | 976,518,000 | 978,222,000 | 932,763,000 | 916,114,000 | 862,571,000 | 888,666,000 | 867,991,000 | 890,732,000 | 773,856,000 | 807,086,000 | 757,715,000 | 720,792,000 | 722,097,000 | 746,413,000 | 753,138,000 | 727,645,000 | 516,785,000 | 515,129,000 |
commitments and contingencies | |||||||||||||||||||
stockholders’ equity | |||||||||||||||||||
class a shares, par value 0.001 per share... | 54,000 | 54,000 | 54,000 | 54,000 | 54,000 | 53,000 | 53,000 | 53,000 | 53,000 | 52,000 | 52,000 | 52,000 | 52,000 | 51,000 | 51,000 | 51,000 | 51,000 | 50,000 | |
class b shares, par value 0.001 per share... | 87,000 | 87,000 | 87,000 | 87,000 | 87,000 | 87,000 | 87,000 | 87,000 | 87,000 | 87,000 | 87,000 | 87,000 | 87,000 | 87,000 | 87,000 | ||||
retained earnings | 162,209,000 | 210,365,000 | 195,266,000 | 183,047,000 | 147,840,000 | 142,898,000 | 121,600,000 | 111,544,000 | 89,206,000 | 145,292,000 | 114,076,000 | 94,335,000 | 54,152,000 | 20,053,000 | |||||
additional paid-in capital | 210,335,000 | 207,722,000 | 205,009,000 | 202,425,000 | 200,847,000 | 200,707,000 | 198,905,000 | 197,626,000 | 196,301,000 | 194,807,000 | 194,273,000 | 193,090,000 | 190,803,000 | 189,504,000 | 187,605,000 | 187,640,000 | 186,929,000 | 186,209,000 | 2,805,000 |
total stockholders’ equity | 372,685,000 | 418,228,000 | 400,416,000 | 385,613,000 | 348,828,000 | 343,745,000 | 320,645,000 | 309,310,000 | |||||||||||
total liabilities and stockholders’ equity | 1,377,520,000 | 1,394,746,000 | 1,378,638,000 | 1,318,376,000 | 1,264,942,000 | 1,206,316,000 | 1,209,311,000 | 1,177,301,000 | 1,176,379,000 | 1,114,094,000 | |||||||||
deferred rent and lease incentives | 1,871,000 | 1,952,000 | 2,032,000 | 2,112,000 | 2,192,000 | 2,272,000 | 2,353,000 | 2,433,000 | 2,513,000 | 63,037,000 | 76,534,000 | ||||||||
accrued other incomes | 47,567,000 | 17,412,000 | |||||||||||||||||
dividends payable | 70,628,000 | ||||||||||||||||||
total arhaus, inc. stockholders’ equity | 285,647,000 | 340,238,000 | |||||||||||||||||
class b shares, par value 0.001 par value per share... | 87,000 | 87,000 | 87,000 | ||||||||||||||||
restricted cash equivalents | 3,465,000 | 4,604,000 | 7,100,000 | 7,346,000 | 6,345,000 | 6,985,000 | 7,134,000 | 7,131,000 | 5,880,000 | ||||||||||
deferred tax asset | 16,585,000 | 11,508,000 | 12,242,000 | 16,841,000 | 20,948,000 | 22,833,000 | 25,268,000 | 27,684,000 | |||||||||||
stockholders' equity | |||||||||||||||||||
total arhaus, inc. stockholders' equity | 308,488,000 | 287,564,000 | 245,094,000 | 209,695,000 | 160,795,000 | 123,894,000 | 86,544,000 | ||||||||||||
total liabilities and stockholders' equity | 1,115,574,000 | 1,045,279,000 | 965,886,000 | 931,792,000 | 907,208,000 | 877,032,000 | 814,189,000 | ||||||||||||
capital lease obligation | 50,525,000 | 50,550,000 | |||||||||||||||||
accumulated deficit | -26,948,000 | -63,884,000 | -100,523,000 | -116,581,000 | -22,654,000 | ||||||||||||||
liabilities and stockholders' / members' equity | |||||||||||||||||||
stockholders' / members' equity | |||||||||||||||||||
common shares of homeworks holdings, inc., no par value | |||||||||||||||||||
total arhaus, inc. stockholders' / members' equity | 69,765,000 | ||||||||||||||||||
noncontrolling interest | |||||||||||||||||||
total equity | 69,765,000 | ||||||||||||||||||
total liabilities and stockholders' / members' equity | 586,550,000 | ||||||||||||||||||
liabilities and members’ deficit | |||||||||||||||||||
members’ deficit | |||||||||||||||||||
total members’ deficit | -19,849,000 | ||||||||||||||||||
total liabilities and members’ deficit | 495,280,000 | ||||||||||||||||||
arhaus, llc and subsidiariescondensed consolidated statements of comprehensive income |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | ||||||||||||||||||
net income | 2,223,000 | 15,090,000 | 12,218,000 | 35,066,000 | 4,882,000 | 21,294,000 | 9,923,000 | 22,234,000 | 15,099,000 | 31,216,000 | 19,741,000 | 40,183,000 | 34,099,000 | 36,936,000 | 36,639,000 | 16,058,000 | ||
adjustments to reconcile net income to net cash from operating activities | ||||||||||||||||||
depreciation and amortization | 12,370,000 | 12,077,000 | 11,757,000 | 11,597,000 | 11,362,000 | 11,191,000 | 10,186,000 | 9,106,000 | 8,603,000 | 8,003,000 | 7,299,000 | 7,400,000 | 6,740,000 | 6,324,000 | 6,119,000 | 5,876,000 | ||
amortization of operating lease right-of-use asset | 11,851,000 | 11,434,000 | 11,023,000 | 10,289,000 | 10,046,000 | 9,505,000 | 9,490,000 | 9,204,000 | 8,738,000 | 8,573,000 | 8,653,000 | 8,521,000 | 7,559,000 | 7,468,000 | ||||
amortization of deferred financing fees, interest on finance lease in excess of principal paid and interest on operating leases | 7,844,000 | 7,840,000 | 7,686,000 | 7,254,000 | 6,902,000 | 6,869,000 | 6,851,000 | 6,775,000 | 6,233,000 | 6,092,000 | 5,305,000 | 4,640,000 | ||||||
equity based compensation | 2,645,000 | 2,838,000 | 2,954,000 | 1,795,000 | 1,595,000 | 2,288,000 | 2,001,000 | 1,327,000 | 2,024,000 | 2,157,000 | 1,848,000 | 2,274,000 | 1,630,000 | 1,224,000 | 692,000 | 697,000 | ||
deferred tax assets | 682,000 | -8,849,000 | 11,924,000 | -1,171,000 | -358,000 | -5,733,000 | -1,101,000 | 4,696,000 | 174,000 | -2,542,000 | -5,077,000 | 734,000 | 4,599,000 | 607,000 | 2,434,000 | 2,417,000 | ||
amortization of cloud computing arrangements | 752,000 | 892,000 | 1,052,000 | 440,000 | 413,000 | 419,000 | 444,000 | 452,000 | 310,000 | 312,000 | 244,000 | |||||||
loss on disposal of assets | 104,000 | |||||||||||||||||
gain on insurance claims | -583,000 | |||||||||||||||||
changes in operating assets and liabilities | ||||||||||||||||||
accounts receivable | 231,000 | 408,000 | -101,000 | 80,000 | 202,000 | -56,000 | 348,000 | 261,000 | 589,000 | -432,000 | -216,000 | 161,000 | -173,000 | -278,000 | 86,000 | -1,358,000 | ||
merchandise inventory | -30,651,000 | -10,078,000 | -17,611,000 | -9,714,000 | -4,393,000 | -2,414,000 | -21,039,000 | -5,147,000 | -14,118,000 | 14,668,000 | 25,894,000 | -2,745,000 | -5,750,000 | -20,093,000 | -25,936,000 | -38,199,000 | ||
prepaid and other assets | -7,167,000 | 4,138,000 | -4,417,000 | 4,778,000 | -380,000 | 4,048,000 | 5,018,000 | -5,787,000 | -5,758,000 | 8,231,000 | -22,144,000 | |||||||
other noncurrent liabilities | 515,000 | 86,000 | 80,000 | 205,000 | -377,000 | -234,000 | -108,000 | 314,000 | 18,000 | 115,000 | 104,000 | 76,000 | 93,000 | 192,000 | 165,000 | 99,000 | ||
accounts payable | -11,895,000 | 9,304,000 | -1,260,000 | 10,501,000 | -8,685,000 | -3,365,000 | 4,412,000 | 9,390,000 | -4,819,000 | 5,309,000 | 756,000 | 3,094,000 | -7,943,000 | -4,863,000 | 6,517,000 | 8,680,000 | ||
accrued expenses | -16,059,000 | -1,287,000 | 4,404,000 | 7,955,000 | -3,209,000 | 7,175,000 | 3,158,000 | -6,162,000 | -5,092,000 | -5,042,000 | 18,349,000 | -1,501,000 | -13,346,000 | 14,954,000 | 4,095,000 | 4,633,000 | ||
operating lease liabilities | -17,852,000 | -16,553,000 | -14,475,000 | -14,026,000 | -13,926,000 | -14,837,000 | -12,331,000 | -6,533,000 | -4,207,000 | 3,003,000 | -10,894,000 | -5,632,000 | -12,271,000 | -7,185,000 | ||||
client deposits | 35,286,000 | -18,030,000 | 20,903,000 | -30,136,000 | 42,333,000 | -3,265,000 | 13,870,000 | 7,346,000 | 29,114,000 | -38,598,000 | 19,005,000 | -4,532,000 | -4,654,000 | -15,167,000 | -29,275,000 | 41,314,000 | ||
net cash from operating activities | -9,704,000 | 9,310,000 | 46,110,000 | 34,913,000 | 46,515,000 | 31,683,000 | 31,122,000 | 47,476,000 | 36,828,000 | 40,931,000 | 69,573,000 | 54,118,000 | 7,677,000 | 17,127,000 | 5,891,000 | 35,219,000 | ||
capital expenditures | -8,192,000 | -18,119,000 | -17,736,000 | -13,459,000 | -20,973,000 | -18,684,000 | -26,550,000 | -38,804,000 | -10,682,000 | -54,749,000 | -9,491,000 | -25,393,000 | -6,966,000 | -16,595,000 | -8,639,000 | -10,043,000 | ||
free cash flows | -17,896,000 | -8,809,000 | 28,374,000 | 21,454,000 | 25,542,000 | 12,999,000 | 4,572,000 | 8,672,000 | 26,146,000 | -13,818,000 | 60,082,000 | 28,725,000 | 711,000 | 532,000 | -2,748,000 | 25,176,000 | ||
cash flows from investing activities | ||||||||||||||||||
purchases of property, furniture and equipment | -16,880,000 | -18,119,000 | -18,129,000 | -14,001,000 | -27,621,000 | -18,684,000 | -26,528,000 | -36,226,000 | -25,932,000 | -54,749,000 | -9,491,000 | -24,310,000 | -8,505,000 | -16,595,000 | -10,204,000 | -10,151,000 | ||
insurance proceeds | 1,000,000 | 0 | 0 | 13,000 | 47,000 | |||||||||||||
net cash from investing activities | -15,880,000 | -18,119,000 | -18,075,000 | -14,001,000 | -27,621,000 | -10,848,000 | -26,528,000 | -36,226,000 | -25,932,000 | -54,749,000 | -9,491,000 | -24,310,000 | -8,172,000 | -16,595,000 | -10,204,000 | -10,151,000 | ||
cash flows from financing activities | ||||||||||||||||||
principal payments under finance leases | -184,000 | -175,000 | -165,000 | -153,000 | -212,000 | -241,000 | -238,000 | -227,000 | -221,000 | -260,000 | -373,000 | -65,000 | -65,000 | -63,000 | -49,000 | -1,000 | ||
repurchase of shares for payment of withholding taxes for equity based compensation | -867,000 | -125,000 | -370,000 | -217,000 | -1,458,000 | -492,000 | -729,000 | -8,000 | -540,000 | -12,000 | -677,000 | 0 | -347,000 | |||||
cash dividend payments | -49,510,000 | -21,000 | -64,000 | -37,000 | -239,000 | -111,000 | -88,000 | |||||||||||
net cash from financing activities | -50,561,000 | -566,000 | -599,000 | -407,000 | -1,909,000 | -844,000 | -1,055,000 | -70,291,000 | -761,000 | -272,000 | -1,050,000 | -65,000 | -412,000 | -64,000 | -63,000 | -49,000 | -1,000 | |
net increase in cash, cash equivalents and restricted cash | -76,145,000 | -9,375,000 | 27,436,000 | 20,505,000 | 16,985,000 | 19,991,000 | 3,539,000 | -59,041,000 | 10,135,000 | |||||||||
cash, cash equivalents and restricted cash | ||||||||||||||||||
beginning of period | 256,480,000 | 0 | 0 | 200,929,000 | 0 | 0 | 226,305,000 | 0 | 0 | 152,527,000 | 0 | 0 | 130,908,000 | |||||
end of period | 180,335,000 | 27,436,000 | 20,505,000 | 217,914,000 | 3,539,000 | -59,041,000 | 236,440,000 | 59,032,000 | 29,743,000 | 151,620,000 | 469,000 | -4,362,000 | 155,975,000 | |||||
supplemental disclosure of cash flow information | ||||||||||||||||||
interest paid in cash | 1,287,000 | 1,260,000 | 1,255,000 | 1,258,000 | 1,259,000 | 1,303,000 | 840,000 | 1,305,000 | 1,305,000 | 874,000 | 1,281,000 | 1,244,000 | ||||||
interest received in cash | 1,818,000 | 2,186,000 | 2,102,000 | 1,938,000 | 1,913,000 | 2,284,000 | 2,871,000 | 1,665,000 | 1,507,000 | |||||||||
income taxes paid in cash | 681,000 | 1,016,000 | 12,489,000 | 541,000 | 186,000 | 14,824,000 | 991,000 | 20,656,000 | 1,246,000 | 15,083,000 | 259,000 | 111,000 | ||||||
noncash investing activities: | ||||||||||||||||||
purchases of property, furniture and equipment in current liabilities | 8,688,000 | |||||||||||||||||
amortization and write-off of lease incentives | 0 | 0 | 0 | -80,000 | -80,000 | -81,000 | -80,000 | -80,000 | -80,000 | -81,000 | -63,000 | |||||||
proceeds from the sale of property, furniture and equipment | 0 | |||||||||||||||||
payments of debt issuance costs | ||||||||||||||||||
beginning of year | ||||||||||||||||||
end of year | ||||||||||||||||||
loss on disposal of property, furniture and equipment | -27,000 | 0 | 108,000 | |||||||||||||||
purchase of property, furniture and equipment in current liabilities | 393,000 | 542,000 | 6,648,000 | -22,000 | -2,578,000 | 15,250,000 | ||||||||||||
gain on sale of property, furniture and equipment | ||||||||||||||||||
noncash financing activities: | ||||||||||||||||||
capital contributions | 7,000 | 6,000 | 11,000 | 13,000 | 17,000 | 19,000 | 24,000 | |||||||||||
amortization of deferred financing fees and interest on finance/capital lease in excess of principal paid | ||||||||||||||||||
loss on extinguishment of debt | ||||||||||||||||||
derivative expense associated with term loan exit fee | ||||||||||||||||||
deferred rent and lease incentives | ||||||||||||||||||
payments on fees associated with early extinguishment of debt | ||||||||||||||||||
repayments of related party notes | ||||||||||||||||||
proceeds from related party notes | ||||||||||||||||||
principal payments under capital leases | ||||||||||||||||||
payment of term loan exit fee derivative | ||||||||||||||||||
payments of pre-ipo dividend to noncontrolling interests of arhaus, llc | ||||||||||||||||||
shareholder distributions | ||||||||||||||||||
proceeds from capital contribution | ||||||||||||||||||
proceeds from issuance of class a common stock sold in ipo, net of underwriting costs | ||||||||||||||||||
payments of offering costs | ||||||||||||||||||
distributions to noncontrolling interest holders | ||||||||||||||||||
purchase of property, furniture and equipment in accounts payable | -1,083,000 | 1,539,000 | 1,565,000 | 108,000 | 6,396,000 | |||||||||||||
conversion of units of arhaus, llc to shares of arhaus, inc. | ||||||||||||||||||
contribution of deferred tax asset from wholly owned subsidiary | ||||||||||||||||||
capital contribution from ceo related to long-tenured employee award | ||||||||||||||||||
capital contribution from ceo for deferred compensation plan | ||||||||||||||||||
adjustment to deferred tax asset impact of reorganization from partnership to a corporation | ||||||||||||||||||
derecognition of build-to-suit assets as a result of asc 842 adoption | 0 | -31,017,000 | ||||||||||||||||
property, furniture and equipment additions due to build-to-suit lease transactions | ||||||||||||||||||
capital lease obligation | ||||||||||||||||||
net increase in cash, cash equivalents and restricted cash equivalents | 59,032,000 | 29,743,000 | -907,000 | 445,000 | 469,000 | -4,362,000 | 25,067,000 | |||||||||||
cash, cash equivalents and restricted cash equivalents | ||||||||||||||||||
noncash operating activities: | ||||||||||||||||||
lease incentives | 4,204,000 | 741,000 | 1,099,000 | |||||||||||||||
prepaid and other current assets | -7,513,000 | -6,154,000 | -2,079,000 | -3,016,000 | ||||||||||||||
amortization of deferred financing fees and interest on finance lease in excess of principal paid | 3,242,000 | 2,932,000 | 2,557,000 | |||||||||||||||
derivative expense | ||||||||||||||||||
issuance of related party notes | ||||||||||||||||||
non-cash amortization of operating lease right-of-use asset | 7,009,000 | |||||||||||||||||
operating right-of-use assets and liabilities | -11,485,000 | |||||||||||||||||
capital lease obligations | 0 | |||||||||||||||||
dividends—unpaid | ||||||||||||||||||
amortization of deferred financing fees, payment-in-kind interest and interest on capital lease in excess of principal paid | ||||||||||||||||||
incentive unit compensation expense | ||||||||||||||||||
other noncurrent assets | ||||||||||||||||||
proceeds from revolving debt | ||||||||||||||||||
payments on revolving debt | ||||||||||||||||||
payments on long-term debt | ||||||||||||||||||
repurchase of incentive units | ||||||||||||||||||
distributions to owners | ||||||||||||||||||
property, furniture and equipment additions due to build-to-suit lease transaction | ||||||||||||||||||
dividends - unpaid |