RH 2026年季度报告

For the quarterly period ended May 2, 2026 ☐TRANSITIONREPORT PURSUANT TO SECTION 13 OR 15(d)OF THESECURITIES EXCHANGE ACT OF1934 Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of theSecurities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant wasrequiredto file such reports),and(2)has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or forsuch shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer,smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “acceleratedfiler,” “smaller reporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Largeacceleratedfiler☒Acceleratedfiler☐Non-accelerated filer☐Smallerreportingcompany☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section13(a)of theExchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☒ As of June 5, 2026, 18,900,969 shares of the registrant’s common stock were outstanding. PARTI ITEM 1.FINANCIAL STATEMENTS RH CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) RH (Unaudited) The accompanying notes are an integral part of these unaudited Condensed Consolidated Financial Statements. RH CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY(DEFICIT) (Unaudited) (Unaudited) RH CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (continued) (Unaudited) RH NOTESTO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) NOTE1—THE COMPANY Nature of Business RH, a Delaware corporation, together with its subsidiaries (collectively, “we,” “us,” “our” or the“Company”), is a leading retailer and luxury lifestyle brand operating primarily in the home furnishingsmarket. Our curated and fully integrated assortments are presented consistently across our sales channels,including our retail locations, websites and Sourcebooks. We offer merchandise assortments across anumber of categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, andbaby, child and teen furnishings. As of May 2, 2026, we operated a total of 75 RH Galleries and 43 RH Outlet stores, one RH Guesthouse,one RH Interior Design Studio and 14 Waterworks Showrooms throughout the United States, Canada andEurope. We also have sourcing operations in Shanghai. Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements have been preparedfrom our records and, in our senior leadership team’s opinion, include all adjustments, consisting ofnormal recurring adjustments, necessary to fairly state our financial position as of May 2, 2026, and theresults of operations for the three months ended May 2, 2026 and May 3, 2025. Our current fiscalyear,which consists of 52 weeks, ends on January 30, 2027 (“fiscal 2026”). The condensed consolidated financial statements include our accounts and those of our wholly ownedsubsidiaries, as well as the financial information of variable interest entities (“VIEs”) where we representthe primary beneficiary and have the power to direct the activities that most significantly impact theentity’s performance (refer to Note 5—Variable Interest Entities). Accordingly, all intercompany balancesand transactions have been eliminated through the consolidation process. Certain information and disclosures normally included in the notes to annual consolidated financialstatements prepared in accordance with generally accepted accounting principles in the United States(“GAAP”) have been condensed or omitted for purposes of these interim condensed consolidated financialstatements. The preparation of the condensed consolidated financial statements, in conformity with GAAP, requiresour senior leadership team to make estimates and assumptions that affect the reported amounts of assetsand liabilities and disclosures of contingent assets and liabilities at the date of the condensed consolidatedfinancial statements, and the reported amounts of revenues and expenses during the reporting period.Actual results could differ from those estimates and such differences could be material to the condensedconsolidated financial statements. Wehave assessed various accounting estimates and other matters,including those that requireconsideration of forecasted financial informa