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Revenue by Segment
Breaks revenue into the company’s different channels and product lines, showing where sales are concentrated and where growth is occurring. Useful for spotting dependence on a single category or channel and for assessing whether higher-revenue areas are also the most profitable.Core RH revenue fell from its 2021 peak, bottomed in early‑2024, then staged a steady recovery through 2025—driven more by backlog conversion, new‑store openings and product/estate initiatives than a broad market rebound. Waterworks remains a small, stable contributor. Management’s Q1 beat and raised FY26 guide validate the recovery but warn margins will be pressured near term by international pre‑opening/start‑up costs and elevated backorders (~$75M); the stock hinges on RH executing Estates/international rollouts and converting backlog without further margin dilution.
Date | RH | Waterworks |
|---|---|---|
Jun 30, 2026 | $867.28M | $54.87M |
Mar 31, 2026 | $752.20M | $48.13M |
Dec 31, 2025 | $793.85M | $48.77M |
Sep 30, 2025 | $835.82M | $47.99M |
Jun 30, 2025 | $846.72M | $52.43M |
Mar 31, 2025 | $765.00M | $48.95M |
Dec 31, 2024 | $761.76M | $50.64M |
Sep 30, 2024 | $768.06M | $43.67M |
Jun 30, 2024 | $780.92M | $48.73M |
Mar 31, 2024 | $677.07M | $49.89M |