# Arhaus, Inc. (ARHS)

> Source: Nexqual · https://nexqual.com/ARHS · data as of 2026-10-23 13:58 UTC · cite as "Nexqual, Arhaus, Inc. (ARHS), nexqual.com/ARHS" · informational, not investment advice.

**Price:** USD 11.66 (+1.08% today) · US market open, as of October 23, 2026 at 13:58 UTC; quotes may be delayed. Prev close 11.53 · day 11.41–11.68 · 52w 5.57–12.08 · market cap $1.65B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.41B, net income $69.2M (4.9% margin), free cash flow $40.9M (SEC filings).
- Valuation: P/E 23.8x (avg 18.7x at the last 3 fiscal year-ends).
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $30K; 1 not under a Rule 10b5-1 plan ($30K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.33 on a 1–5 scale) (15 analysts), mean target USD 11.19 (range 9–13).
- Total return with dividends: 1Y +17.6% vs S&P 500 +14.5%; 5Y +3.6% vs S&P 500 +77.1%.
- Next earnings: 2026-11-05, EPS estimate USD 0.09, revenue estimate $370M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $797M | $1.23B | $1.29B | $1.27B | $1.38B | $1.41B |
| Gross profit | $330M | $525M | $540M | $501M | $536M | — |
| Operating income | $33.4M | $185M | $164M | $87.0M | $88.9M | $93.1M |
| Net income | $21.1M | $137M | $125M | $68.5M | $67.3M | $69.2M |
| EPS (diluted) | $0.18 | $0.98 | $0.89 | $0.49 | $0.48 | — |
| Free cash flow | $98.4M | $21.8M | $75.2M | $39.7M | $59.0M | $40.9M |
| Gross margin | 41.4% | 42.7% | 42.0% | 39.4% | 38.9% | — |
| Operating margin | 4.2% | 15.0% | 12.8% | 6.8% | 6.4% | 6.6% |
| Net margin | 2.6% | 11.1% | 9.7% | 5.4% | 4.9% | 4.9% |
| Revenue growth | +57.1% | +54.2% | +4.8% | -1.3% | +8.5% | — |
| Cash + short-term investments | $124M | $145M | $223M | $198M | $253M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 23.8x · P/S 1.2x · P/FCF 40.4x · P/B 4.0x · FCF yield 2.48% · Earnings yield 4.19% · Dividend yield (paid, TTM) 3.01%
P/E at fiscal year-ends: Dec 2025 23.6x, Dec 2024 19.3x, Dec 2023 13.3x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-08 | Doody Alton F Iii | Director | 3,500 | $30K | 3.9% | No | Too little history (no open-market trades in 2024 or 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.33 on a 1–5 scale), 15 analysts; mean target USD 11.19 (low 9, high 13).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | Telsey Advisory Group | Target raised | Market Perform | $10 → $11 |
| 2026-10-20 | Piper Sandler | Upgrade | Neutral → Overweight | $9 → $13 |
| 2026-09-21 | Jefferies | Upgrade | Hold → Buy | $9.5 → $10 |
| 2026-08-07 | Telsey Advisory Group | Target raised | Market Perform | $8 → $10 |
| 2026-08-07 | Morgan Stanley | Target raised | Equal-Weight | $9 → $10 |
| 2026-08-07 | Piper Sandler | Target raised | Neutral | $8 → $9 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-11-01) |
|---|---|---|
| Total return | +17.6% | +3.6% |
| S&P 500 (SPY) | +14.5% | +77.1% |
| Per year | +17.6% | +0.7% |
| Volatility (annualized) | 57.3% | 65.0% |
| Max drawdown | -49.2% (Dec 2025→May 2026) | -69.3% (Jun 2024→May 2026) |

## Peers (Specialty Retail)
SBH (Sally Beauty Holdings, Inc. (Na) USD 17.46 -0.94% · SVV (Savers Value Village, Inc.) USD 9.59 -2.64% · EYE (National Vision Holdings, Inc.) USD 18.5 -1.96% · BOBS (Bob's Discount Furniture, Inc.) USD 16.1 -1.29% · HZO (MarineMax, Inc.  (FL)) USD 52.45 +0.13% · WINA (Winmark Corporation) USD 281.16 -1.68%

## More
Full page: https://nexqual.com/ARHS · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in ARHS's own 10-K filed 2026-02-26 (https://www.sec.gov/Archives/edgar/data/1875444/000187544426000010/arhs-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Alphabet (Google) (GOOGL) | "In particular, we rely on search engines, such as Google, and social media platforms such as Instagram, Facebook, TikTok and Pinterest as important marketing channels." |
| Supplier | Meta Platforms (META) | "In particular, we rely on search engines, such as Google, and social media platforms such as Instagram, Facebook, TikTok and Pinterest as important marketing channels." |
| Supplier | ByteDance | "In particular, we rely on search engines, such as Google, and social media platforms such as Instagram, Facebook, TikTok and Pinterest as important marketing channels." |
| Partner | Pagoda Partners | "In November 2000, the Company entered into a lease agreement with Pagoda Partners, LLC, a company of which John Reed, our CEO, indirectly owns 50%, for our warehouse in Walton Hills, Ohio." |
| Partner | Premier Conover | "In March 2021, the Company entered into a lease agreement with Premier Conover, LLC, a company of which our CEO indirectly owns 40%, for a distribution center and manufacturing building." |

## Company outlook (8-K filed 2026-08-06)

- "(3) Total Showroom Projects is defined as the number of Showroom projects completed during the period, including new Showroom openings, relocat"

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.09 | $0.13 | -32.9% | $370.3M | 15 |
| Next quarter (ends 2026-12-31) | $0.15 | $0.17 | -8.1% | $392.8M | 15 |
| Current fiscal year (ends 2026-12-31) | $0.54 | $0.48 | +12.3% | $1.46B | 15 |
| Next fiscal year (ends 2027-12-31) | $0.58 | $0.55 | +4.1% | $1.56B | 15 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-05): ±19.5%; last 8 reports averaged ±9.9%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 74.8% | ±19.5% |
| 2027-01-15 | 84 | 53.2% | ±21.4% |
| 2027-02-19 | 119 | 56.5% | ±27.6% |
| 2027-03-19 | 147 | 67.0% | ±35.7% |
| 2027-04-16 | 175 | 66.1% | ±38.1% |
| 2027-05-21 | 210 | 68.3% | ±42.7% |