| Schedule of net revenues in accordance with ASC 606, significant segment expenses and segment adjusted operating income - reportable segment |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | THREE MONTHS ENDED | | SIX MONTHS ENDED | | | AUGUST 1, | | AUGUST 2, | | AUGUST 1, | | AUGUST 2, | | | 2026 | | 2025 | | 2026 | | 2025 | | | RH SEGMENT | | WATERWORKS | | TOTAL(1) | | RH SEGMENT | | WATERWORKS | | TOTAL(1) | | RH SEGMENT | | WATERWORKS | | TOTAL(1) | | RH SEGMENT | | WATERWORKS | | TOTAL(1) | | | | (in thousands) | Net revenues | | $ | 867,280 | | $ | 54,870 | | $ | 922,150 | | $ | 846,717 | | $ | 52,434 | | $ | 899,151 | | $ | 1,619,482 | | $ | 102,996 | | $ | 1,722,478 | | $ | 1,611,715 | | $ | 101,388 | | $ | 1,713,103 | Cost of goods sold(2) | | | 456,061 | | | 21,236 | | | 477,297 | | | 465,811 | | | 24,081 | | | 489,892 | | | 902,241 | | | 44,125 | | | 946,366 | | | 901,015 | | | 47,496 | | | 948,511 | Advertising expense | | | 34,546 | | | 1,215 | | | 35,761 | | | 14,365 | | | 1,003 | | | 15,368 | | | 85,727 | | | 2,153 | | | 87,880 | | | 63,088 | | | 1,658 | | | 64,746 | Other segment expenses(3) | | | 265,793 | | | 22,086 | | | 287,879 | | | 237,791 | | | 20,481 | | | 258,272 | | | 521,675 | | | 42,769 | | | 564,444 | | | 467,407 | | | 40,058 | | | 507,465 | Segment adjusted operating income | | $ | 110,880 | | $ | 10,333 | | $ | 121,213 | | $ | 128,750 | | $ | 6,869 | | $ | 135,619 | | $ | 109,839 | | $ | 13,949 | | $ | 123,788 | | $ | 180,205 | | $ | 12,176 | | $ | 192,381 | Legal settlement—net | | | | | | | | | — | | | | | | | | | — | | | | | | | | | (31,668) | | | | | | | | | — | Variable interest entities restructuring | | | | | | | | | 13,640 | | | | | | | | | — | | | | | | | | | 13,640 | | | | | | | | | — | Asset impairments | | | | | | | | | — | | | | | | | | | 3,597 | | | | | | | | | — | | | | | | | | | 3,597 | Product recall | | | | | | | | | — | | | | | | | | | 1,913 | | | | | | | | | — | | | | | | | | | 1,913 | Reorganization related costs | | | | | | | | | — | | | | | | | | | 1,233 | | | | | | | | | — | | | | | | | | | 1,233 | Non-cash compensation | | | | | | | | | — | | | | | | | | | — | | | | | | | | | — | | | | | | | | | 851 | Operating income | | | | | | | | | 107,573 | | | | | | | | | 128,876 | | | | | | | | | 141,816 | | | | | | | | | 184,787 | Interest expense—net | | | | | | | | | 50,993 | | | | | | | | | 57,358 | | | | | | | | | 103,656 | | | | | | | | | 113,961 | Other income—net | | | | | | | | | (1,856) | | | | | | | | | (574) | | | | | | | | | (1,119) | | | | | | | | | (4,227) | Income before taxes and equity method investments | | | | | | | | $ | 58,436 | | | | | | | | $ | 72,092 | | | | | | | | $ | 39,279 | | | | | | | | $ | 75,053 |
| (1) | All intercompany transactions are not material and have been eliminated. |
| (2) | Includes $51 million and $3.7 million of IEEPA tariff refunds in both the three and six months ended August 1, 2026 for RH Segment and Waterworks, respectively. |
| (3) | Other segment expenses primarily include compensation and occupancy costs classified as selling, general and administrative expenses, and other general and administrative expenses. |
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| Schedule of depreciation and amortization for our segments |
| | | | | | | | | | | | | | | THREE MONTHS ENDED | | SIX MONTHS ENDED | | | AUGUST 1, | | AUGUST 2, | | AUGUST 1, | | AUGUST 2, | | | 2026 | | 2025 | | 2026 | | 2025 | | | | (in thousands) | RH Segment | | $ | 39,187 | | $ | 32,879 | | $ | 76,314 | | $ | 66,740 | Waterworks | | | 1,744 | | | 1,750 | | | 3,364 | | | 3,125 | Real Estate(1) | | | — | | | — | | | — | | | — | Total depreciation and amortization | | $ | 40,931 | | $ | 34,629 | | $ | 79,678 | | $ | 69,865 |
| (1) | There is no depreciation and amortization for the Real Estate segment since all assets represent construction in progress. |
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| Schedule of balance sheet information for our segments |
| | | | | | | | | | | | | | | | | TRADENAMES, | | | | | | | | | | TRADEMARKS AND | | | | | | | | | | | OTHER INTANGIBLE | | EQUITY METHOD | | TOTAL | | | GOODWILL(1) | | ASSETS(2) | | INVESTMENTS | | ASSETS | | | | (in thousands) | January 31, 2026 | | | | | | | | | | | | | RH Segment | | $ | 144,239 | | $ | 62,777 | | $ | — | | $ | 4,499,349 | Waterworks | | | — | | | 17,000 | | | 4,363 | | | 184,203 | Real Estate | | | — | | | — | | | 115,391 | | | 152,158 | Total | | $ | 144,239 | | $ | 79,777 | | $ | 119,754 | | $ | 4,835,710 | August 1, 2026 | | | | | | | | | | | | | RH Segment | | $ | 144,205 | | $ | 63,161 | | $ | — | | $ | 4,829,247 | Waterworks | | | — | | | 17,000 | | | 4,912 | | | 200,884 | Real Estate | | | — | | | — | | | 64,231 | | | 100,969 | Total | | $ | 144,205 | | $ | 80,161 | | $ | 69,143 | | $ | 5,131,100 |
| (1) | The Waterworks reporting unit goodwill of $51 million recognized upon acquisition in fiscal 2016 was fully impaired as of fiscal 2018. |
| (2) | The Waterworks reporting unit tradename is presented net of an impairment charge of $35 million recognized in prior fiscal years. |
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