Arhaus, Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 26, 2026
ARHS$14.89-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year Ended | |||
|---|---|---|---|
| December 31, | |||
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities | |||
| Net income | $67,256 | $68,550 | $125,239 |
| Adjustments to reconcile net income to net cash provided by operating activities | |||
| Depreciation and amortization | 46,793 | 39,086 | 29,442 |
| Amortization of operating lease right-of-use asset | 42,792 | 36,937 | 33,306 |
| Amortization of deferred financing fees, interest on finance lease in excess of principal paid and interest on operating leases | 29,682 | 26,728 | 22,075 |
| Equity based compensation | 9,182 | 7,640 | 7,909 |
| Deferred tax assets | 1,546 | (1,964) | (2,286) |
| Loss (gain) on disposal of assets | 81 | (1,202) | — |
| Amortization of cloud computing arrangements | 2,797 | 1,625 | 698 |
| Amortization and write-off of lease incentives | — | (80) | (321) |
| Insurance proceeds | — | — | 60 |
| Changes in operating assets and liabilities | |||
| Accounts receivable | 589 | 1,142 | (660) |
| Merchandise inventory | (41,796) | (42,718) | 32,067 |
| Prepaid and other assets | 4,119 | (2,479) | (11,109) |
| Other noncurrent liabilities | (6) | (10) | 388 |
| Accounts payable | 9,860 | 5,618 | 1,216 |
| Accrued expenses | 7,863 | (921) | (1,540) |
| Operating lease liabilities | (58,980) | (37,908) | (39,020) |
| Client deposits | 15,070 | 47,065 | (28,779) |
| Net cash provided by operating activities | 136,848 | 147,109 | 168,685 |
| Cash flows from investing activities | |||
| Purchases of property, furniture and equipment | (77,870) | (107,370) | (93,441) |
| Proceeds from the sale of property, furniture and equipment | 54 | 7,836 | — |
| Insurance proceeds | — | — | 333 |
| Net cash used in investing activities | (77,816) | (99,534) | (93,108) |
| Cash flows from financing activities | |||
| Payments of debt issuance costs | (245) | — | — |
| Principal payments under finance leases | (705) | (927) | (763) |
| Repurchase of shares for payment of withholding taxes for equity based compensation | (2,170) | (1,769) | (1,036) |
| Cash dividend payments | (361) | (70,255) | — |
| Net cash used in financing activities | (3,481) | (72,951) | (1,799) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 55,551 | (25,376) | 73,778 |
| Cash, cash equivalents and restricted cash | |||
| Beginning of year | 200,929 | 226,305 | 152,527 |
| End of year | $256,480 | $200,929 | $226,305 |
Consolidated Statements of Cash Flows (continued)
| Year Ended | |||
|---|---|---|---|
| December 31, | |||
| 2025 | 2024 | 2023 | |
| Supplemental disclosure of cash flow information | |||
| Interest paid in cash | $5,034 | $4,670 | $5,301 |
| Interest received in cash | 8,491 | 9,029 | 8,778 |
| Income taxes paid in cash | 24,468 | 23,770 | 47,132 |
| Noncash investing activities: | |||
| Purchases of property, furniture and equipment in current liabilities | 7,389 | 8,383 | 10,286 |
| Noncash financing activities: | |||
| Adjustment to deferred tax asset impact of Reorganization from partnership to a corporation | — | — | (1,625) |
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