RH (RH) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-05-03 to 2026-08-01

Swipe to see the full flow
RH cash flow reconciliation, May 3, 2026 through Aug 1, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Calculated remaining financing cash flows are purple; remaining operating and investing bundles are gray. Their underlying inflows and outflows are not separately identified. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $60,167,000.00Depreciation and amortization → Operating adjustments reconciliation: $40,931,000.00Merchandise inventories → Operating adjustments reconciliation: $28,420,000.00Non-cash operating lease cost → Operating adjustments reconciliation: $28,137,000.00Accounts payable and accrued expenses → Operating adjustments reconciliation: $22,793,000.00Deferred revenue and customer deposits → Operating adjustments reconciliation: $19,985,000.00Remaining operating cash flows, net (calculated) → Operating adjustments reconciliation: $19,272,000.00Non-cash finance lease interest expense → Operating adjustments reconciliation: $12,874,000.00Stock-based compensation expense → Operating adjustments reconciliation: $12,493,000.00Other non-cash items → Operating adjustments reconciliation: $2,426,000.00Prepaid expense and other assets → Operating adjustments reconciliation: $431,000.00Operating adjustments reconciliation → Net cash from operating activities: $85,050,000.00Operating adjustments reconciliation → Landlord assets under construction-net of tenant allowances: $39,804,000.00Operating adjustments reconciliation → Current and non-current operating lease liabilities: $25,507,000.00Operating adjustments reconciliation → Share of equity method investments net income: $17,980,000.00Operating adjustments reconciliation → Other non-current liabilities: $12,455,000.00Operating adjustments reconciliation → Accounts receivable: $6,736,000.00Operating adjustments reconciliation → Other current liabilities: $230,000.00Distribution of return of equity method investment → investing reconciliation: $41,950,000.00investing reconciliation → Capital expenditures: $45,639,000.00Net cash used in financing activities → financing reconciliation: $69,563,000.00Borrowings under asset based credit facility → financing reconciliation: $60,000,000.00Proceeds from exercise of stock options → financing reconciliation: $1,270,000.00financing reconciliation → Repayments under asset based credit facility: $90,000,000.00financing reconciliation → Remaining financing cash flows, net (calculated): $31,455,000.00financing reconciliation → Repayments under term loans: $6,250,000.00financing reconciliation → Principal payments under finance lease agreements-net of tenant allowances: $3,128,000.00Net cash used in investing activities → investing reconciliation: $3,689,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $53,803,000.00Net cash from operating activities → Cash sources and uses: $145,217,000.00Cash sources and uses → Exchange-rate effect: $276,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $125,492,000.00Cash sources and uses → Net cash used in investing activities: $3,689,000.00Cash sources and uses → Net cash used in financing activities: $69,563,000.00Net income: $60,167,000.00Net income+$60.17 MDepreciation and amortization: $40,931,000.00Depreciation & amortization+$40.93 MNon-cash operating lease cost: $28,137,000.00Non-cash operating lease cost+$28.14 MStock-based compensation expense: $12,493,000.00Stock-based compensation+$12.49 MNon-cash finance lease interest expense: $12,874,000.00Finance lease interest+$12.87 MShare of equity method investments net income: -$17,980,000.00Equity-method results−$17.98 MOther non-cash items: $2,426,000.00Other non-cash items+$2.43 MAccounts receivable: -$6,736,000.00Accounts receivable−$6.74 MMerchandise inventories: $28,420,000.00Merchandise inventories+$28.42 MPrepaid expense and other assets: $431,000.00Prepaid & other assets+$431.00 KLandlord assets under construction-net of tenant allowances: -$39,804,000.00Landlord construction, net−$39.80 MAccounts payable and accrued expenses: $22,793,000.00Payables & accrued liabilities+$22.79 MDeferred revenue and customer deposits: $19,985,000.00Deferred revenue & deposits+$19.99 MOther current liabilities: -$230,000.00Other current liabilities−$230.00 KCurrent and non-current operating lease liabilities: -$25,507,000.00Operating lease liabilities−$25.51 MOther non-current liabilities: -$12,455,000.00Other noncurrent liabilities−$12.46 MRemaining operating cash flows, net (calculated): $19,272,000.00Remaining operating (calculated)+$19.27 MNet cash from operating activities: $145,217,000.00Operating cash+$145.22 MOperating adjustments reconciliation: $187,762,000.00Borrowings under asset based credit facility: $60,000,000.00Long-term credit line borrowings+$60.00 MRepayments under asset based credit facility: -$90,000,000.00Long-term credit line repayments−$90.00 MRepayments under term loans: -$6,250,000.00Repayments under term loans−$6.25 MPrincipal payments under finance lease agreements-net of tenant allowances: -$3,128,000.00Finance lease payments−$3.13 MProceeds from exercise of stock options: $1,270,000.00Stock option exercises+$1.27 MRemaining financing cash flows, net (calculated): -$31,455,000.00Remaining financing (calculated)−$31.46 MNet cash used in financing activities: -$69,563,000.00. Cash required to fund net payments.Financing cash−$69.56 Mfinancing reconciliation: $130,833,000.00Capital expenditures: -$45,639,000.00PP&E purchases−$45.64 MDistribution of return of equity method investment: $41,950,000.00Equity-method return of capital+$41.95 MNet cash used in investing activities: -$3,689,000.00. Cash required to fund net payments.Investing cash−$3.69 Minvesting reconciliation: $45,639,000.00Cash sources and uses: $199,020,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $53,803,000.00Beginning cash$53.80 MEnding cash: Cash, cash equivalents, and restricted cash: $125,492,000.00Ending cash$125.49 MExchange-rate effect: -$276,000.00FX effect−$276.00 KCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$99.58 MOperating cash − cash spent on PP&ECash flow / Net income2.41×Operating cash flow ÷ net incomeNet cash change+$71.69 MEnding cash − beginning cash
Chart details

RH cash flow reconciliation, May 3, 2026 through Aug 1, 2026

Cash flows for May 3, 2026 through Aug 1, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: May 2, 2026. Ending cash: Aug 1, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on May 2, 2026
53,803,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
145,217,000 US dollars. Net cash provided. The remaining amount is calculated by subtracting the other displayed items from the operating total. The filing's tagged operating lines do not add up to the operating total; this is the difference. It may combine inflows and outflows.
Net income
60,167,000 US dollars
Depreciation and amortization
40,931,000 US dollars
Non-cash operating lease cost
28,137,000 US dollars
Stock-based compensation expense
12,493,000 US dollars
Non-cash finance lease interest expense
12,874,000 US dollars
Share of equity method investments net income
negative 17,980,000 US dollars
Other non-cash items
2,426,000 US dollars
Accounts receivable
negative 6,736,000 US dollars
Merchandise inventories
28,420,000 US dollars
Prepaid expense and other assets
431,000 US dollars
Landlord assets under construction-net of tenant allowances
negative 39,804,000 US dollars
Accounts payable and accrued expenses
22,793,000 US dollars
Deferred revenue and customer deposits
19,985,000 US dollars
Other current liabilities
negative 230,000 US dollars
Current and non-current operating lease liabilities
negative 25,507,000 US dollars
Other non-current liabilities
negative 12,455,000 US dollars
Remaining operating cash flows, net (calculated)
19,272,000 US dollars
Investing activities
negative 3,689,000 US dollars. Net cash used.
Capital expenditures
negative 45,639,000 US dollars
Distribution of return of equity method investment
41,950,000 US dollars
Financing activities
negative 69,563,000 US dollars. Net cash used. The remaining amount is calculated by subtracting the other displayed items from the financing total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Other financing activities), so Tax withholdings related to issuance of stock-based awards and Repayments under real estate loans cannot be separated for this quarter. It may combine inflows and outflows.
Borrowings under asset based credit facility
60,000,000 US dollars
Repayments under asset based credit facility
negative 90,000,000 US dollars
Repayments under term loans
negative 6,250,000 US dollars
Principal payments under finance lease agreements-net of tenant allowances
negative 3,128,000 US dollars
Proceeds from exercise of stock options
1,270,000 US dollars
Remaining financing cash flows, net (calculated)
negative 31,455,000 US dollars
Operating adjustment reconciliation
187,762,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
financing displayed reconciliation
130,833,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
investing gross reconciliation
45,639,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 276,000 US dollars
Ending cash on Aug 1, 2026
125,492,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
199,020,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
71,689,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
2.41×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
145,217,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
45,639,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
99,578,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $85.05M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 145,217,000 US dollars minus 45,639,000 US dollars equals 99,578,000 US dollars.
RH (RH) FY2026 Q2 Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!