Rh delivered a solid QQ2 2025 performance, with revenue of $899.2 million, up 8.38% year over year and 10.47% quarter over quarter. The topline strength was accompanied by meaningful margin progression, with gross margin improving to approximately 45.5% in Q2 2025 versus prior periods, aided by favorable product mix and price realization. EBITDA stood at $128.9 million, yielding an EBITDA margin of about 14.3% and contributing to operating income of $128.9 million (12.9% of revenue). Net income reached $51.7 million, or roughly 5.75% of revenue, yielding basic and diluted earnings per share of $2.76 and $2.62, respectively, on about 18.7 million weighted-average shares outstanding (diluted ~19.7 million).
Despite a positive bottom line, Rh incurred negative other income of $56.8 million and interest expense of $57.4 million, which weigh on pre-tax profitability. After tax, Rh still generated a healthy net income, underscoring the durability of its core operating model. Management commentary (where available) focused on the ongoing investments in brand-building, multi-channel expansion (Gallery, Source Books, and e-commerce), and ongoing cost discipline to support premium positioning. The company maintained a disciplined cadence of quarterly results with a robust YoY growth trajectory, while QoQ momentum suggests continued demand for premium home furnishings in Rh’s target segments.