Arhaus Inc
For the period ended Mar 31, 2024. Filed May 10, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 10, 2024
ARHS$14.89-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets (unaudited)
Arhaus, Inc. and SubsidiariesCondensed Consolidated Balance Sheets(Unaudited, amounts in thousands, except share and per share data)
| March 31,2024 | December 31,2023 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $233,230 | $223,098 |
| Restricted cash | 3,210 | 3,207 |
| Accounts receivable, net | 1,805 | 2,394 |
| Merchandise inventory, net | 268,410 | 254,292 |
| Prepaid and other current assets | 33,122 | 26,304 |
| Total current assets | 539,777 | 509,295 |
| Operating right-of-use assets | 322,905 | 302,157 |
| Financing right-of-use assets | 38,209 | 38,835 |
| Property, furniture and equipment, net | 243,167 | 220,248 |
| Deferred tax assets | 18,953 | 19,127 |
| Goodwill | 10,961 | 10,961 |
| Other noncurrent assets | 2,407 | 4,525 |
| Total assets | $1,176,379 | $1,105,148 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities | ||
| Accounts payable | $62,135 | $63,699 |
| Dividends payable | 70,628 | — |
| Accrued taxes | 13,296 | 9,638 |
| Accrued wages | 11,156 | 15,185 |
| Accrued other expenses | 43,195 | 46,062 |
| Client deposits | 202,922 | 173,808 |
| Current portion of operating lease liabilities | 42,694 | 33,051 |
| Current portion of financing lease liabilities | 919 | 904 |
| Total current liabilities | 446,945 | 342,347 |
| Operating lease liabilities, long-term | 383,684 | 362,598 |
| Financing lease liabilities, long-term | 53,658 | 53,870 |
| Deferred rent and lease incentives | 1,871 | 1,952 |
| Other long-term liabilities | 4,574 | 4,143 |
| Total liabilities | $890,732 | $764,910 |
| Commitments and contingencies (Note 9) | ||
| Stockholders’ equity | ||
| Class A shares, par value $0.001 per share (600,000,000 shares authorized, 53,361,983 shares issued and 53,241,316 outstanding as of March 31, 2024; 53,254,088 shares issued and 53,169,711 outstanding as of December 31, 2023) | 53 | 52 |
| Class B shares, par value $0.001 per share (100,000,000 shares authorized, 87,115,600 shares issued and outstanding as of March 31, 2024; 87,115,600 shares issued and outstanding as of December 31, 2023) | 87 | 87 |
| Retained earnings | 89,206 | 145,292 |
| Additional paid-in capital | 196,301 | 194,807 |
| Total Arhaus, Inc. stockholders’ equity | 285,647 | 340,238 |
| Total liabilities and stockholders’ equity | $1,176,379 | $1,105,148 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.