Rh (RH) Operating Expenses (2011 - 2026)

Rh's (RH) quarterly Operating Expenses came in at $20.7 million in Q2 2026, down 90.99% year-on-year from $229.6 million in Q2 2025, and down 95.93% quarter-over-quarter from $508.4 million in Q1 2026.

Rh (RH) Operating Expenses (2011 - 2026) Analysis & Trends

Rh's Operating Expenses history runs 16 years deep, the most recent figure standing at $20.7 million for Q2 2026.

  • On a quarterly basis, Operating Expenses fell 90.99% year-over-year to $20.7 million in Q2 2026; TTM through May 2026 was $829.3 million, a 45.19% decrease from a year earlier, with the FY2026 full-year figure at $1.0 billion, up 18.75% from the prior year.
  • Operating Expenses retreated to $20.7 million in Q2 2026 per RH's latest filing, from $508.4 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $800.9 million in Q1 2025 and bottomed at $19.9 million in Q4 2025.
  • The 5-year median for Operating Expenses is $258.8 million (2024), against an average of $276.1 million.
  • Across the five-year window, Operating Expenses soared 212.49% in 2025 and sank 90.99% in 2026, its largest moves.
  • Year by year, Operating Expenses stood at $246.3 million in 2022, then grew by 17.4% to $289.2 million in 2023, then declined by 29.43% to $204.1 million in 2024, then slumped by 90.25% to $19.9 million in 2025, then climbed by 3.91% to $20.7 million in 2026.
  • Per Business Quant, the three latest RH Operating Expenses figures stand at $20.7 million (Q2 2026), $508.4 million (Q1 2026), and $19.9 million (Q4 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Caseys General Stores 32.13 Bn 31.61 Bn 1.08 Bn 730.02 Mn
2 NaaS Technology 30.58 Bn 30.58 Bn - -
3 Williams Sonoma 28.34 Bn 27.33 Bn 1.10 Bn 627.08 Mn
4 Ulta Beauty 23.18 Bn 22.69 Bn 1.48 Bn 1.01 Bn
5 Best Buy 18.52 Bn 16.77 Bn 2.10 Bn 1.73 Bn
6 Dick'S Sporting Goods 16.59 Bn 15.24 Bn 1.77 Bn 1.57 Bn
7 MINISO Group Holding 16.05 Bn 14.98 Bn 414.86 Mn -290.69 Mn
8 Tractor Supply 15.89 Bn 15.66 Bn 1.30 Bn 941.15 Mn
9 Five Below 12.09 Bn 11.16 Bn 696.98 Mn 337.11 Mn
10 Rh 3.15 Bn 3.07 Bn 331.26 Mn 20.68 Mn

Historic Data

Download Data
DateValue
May 2, 2026 20.68 Mn
Jan 31, 2026 508.37 Mn
Nov 1, 2025 19.91 Mn
Aug 2, 2025 280.38 Mn
May 3, 2025 229.62 Mn
Feb 1, 2025 800.89 Mn
Nov 2, 2024 204.11 Mn
Aug 3, 2024 278.63 Mn
May 4, 2024 261.38 Mn
Feb 3, 2024 256.30 Mn
Oct 28, 2023 289.21 Mn
Jul 29, 2023 236.73 Mn
Apr 29, 2023 255.91 Mn
Jan 28, 2023 261.39 Mn
Oct 29, 2022 246.34 Mn
Jul 30, 2022 288.80 Mn
Apr 30, 2022 293.30 Mn
Jan 29, 2022 238.64 Mn
Oct 30, 2021 232.72 Mn
Jul 31, 2021 238.69 Mn