RH — Form 10-Q filed 2026-06-11

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RH reported Q1 FY2026 (ended May 2, 2026) net revenues of $800.3 million, down 1.7% YoY, and a net loss of $13.7 million versus net income of $8.0 million last year. Gross margin contracted to 41.4%. A favorable legal settlement of $31.7 million was recorded. Adjusted net loss was $37.2 million. Total assets were $4.95 billion, liabilities $4.89 billion. Subsequent event: received $50 million cash distribution from Aspen LLCs and repaid $32 million debt.