Arhaus, Inc. Class A (ARHS)

In Q3 2025, Arhaus reported revenue of $344.6 million, an 8% year-on-year growth, and GAAP EPS of $0.09. Same-store sales rose 4.1% year-on-year. In Q1 2025, net revenue increased by 5.5% year-over-year to $311 million, with demand comparable growth of 4.1%. In Q4 2024, net revenue was $347 million and $1,271 million for the full year 2024. Demand comparable growth was 5.7% in Q4 2024, but (2.2)% for the full year 2024. Arhaus delivered a -16.52% change over the past year, with a 52-week range between $6.61 and $13.02. Several executives engaged in stock sales in January, November, and August of 2025.

Consumer spending on home goods can fluctuate with housing market trends, holiday seasons, and home renovation cycles. New collections drive demand at specific times of the year. Healthy client engagement was observed in Q1 2025, and record demand was seen for the Fall 2025 Collection. Full-year 2024 demand comparable growth was negative due to softness in the second and third quarters.

Arhaus, Inc. is an omnichannel retailer specializing in premium home furnishings and décor, operating in the Consumer Discretionary sector. Founded in 1986, it is known for quality, design, craftsmanship, sustainability, and ethical sourcing. Its major product categories include furniture, outdoor products, lighting, textiles, and décor, distributed through retail showrooms, e-commerce, print and digital media, and in-home designer services.

Arhaus has a significant market presence in the United States, operating 103 showrooms in 30 states as of December 31, 2024. By the end of Q3 2025, Arhaus had 103 locations and planned to complete 12 to 15 showroom projects throughout 2025, including 4 to 6 new openings. Nearly 90% of its clientele resides within 50 miles of a showroom. Its sourcing footprint spans North America, Europe, and South Asia. Approximately 36% of total receipts in April came from United States sourcing, with over 70% of upholstery business sourced domestically. China sourcing was about 13% of total product receipts in April, with a projected decline to 5% or less by Q3 and around 1% by Q4.

Arhaus has a brand reputation centered on premium quality, timeless design, and artisanal craftsmanship. The company emphasizes sustainability and ethical sourcing, reporting that it does not source materials from endangered rainforests and that approximately 50% of its products incorporate recycled materials. The launch of the Fall 2025 Collection and the Spring 2026 Collection have reinforced its image. Domestic sourcing helps maintain lead times and margin discipline. Strong Q3 2025 results improved investor perception.

Approximately 1.45% of Arhaus's stock is held by insiders, while 27.88% is held by institutions.