XML 50 R31.htm IDEA: XBRL DOCUMENT
v3.25.2

LEASES (Tables) | 6 Months Ended
--- | ---
Aug. 02, 2025
LEASES |
Summary of lease costs-net | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | THREE MONTHS ENDED | ​ | SIX MONTHS ENDED
​ | ​ | ​ | AUGUST 2, |  | AUGUST 3, | ​ | AUGUST 2, |  | AUGUST 3,
​ |  |  | 2025 |  | 2024 | ​ | 2025 |  | 2024
​ | ​ | ​ | (in thousands)
Operating lease costs(1) | ​ | ​ | $ | 36,447 | ​ | $ | 33,357 |  | $ | 71,893 | ​ | $ | 66,238
Finance lease costs | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization of leased assets(1) | ​ | ​ | ​ | 14,875 | ​ | ​ | 12,913 | ​ | ​ | 29,548 | ​ | ​ | 25,318
Interest on lease liabilities(2) | ​ | ​ | ​ | 9,248 | ​ | ​ | 7,922 | ​ | ​ | 18,193 | ​ | ​ | 15,329
Variable lease costs(3) | ​ | ​ | ​ | 6,442 | ​ | ​ | 6,478 | ​ | ​ | 13,629 | ​ | ​ | 13,121
Sublease income(4) | ​ | ​ | ​ | (1,189) | ​ | ​ | (1,179) | ​ | ​ | (2,371) | ​ | ​ | (2,333)
Total lease costs—net | ​ | ​ | $ | 65,823 | ​ | $ | 59,491 | ​ | $ | 130,892 | ​ | $ | 117,673
(1) | Operating lease costs and amortization of finance lease right-of-use assets are included in cost of goods sold or selling, general and administrative expenses on the condensed consolidated statements of income based on our accounting policy.
(2) | Included in interest expense—net on the condensed consolidated statements of income. Amounts include lease cost related to variable lease payments based on an index or rate that were not included in the measurement of the initial lease liability and right-of-use asset for finance leases, which were not material in either period presented.
(3) | Represents variable lease payments under operating and finance lease agreements, primarily associated with contingent rent based on a percentage of retail sales over contractual levels of $4.0 million and $3.6 million for the three months ended August 2, 2025 and August 3, 2024, respectively, and $8.1 million and $7.5 million for the six months ended August 2, 2025 and August 3, 2024, respectively, as well as charges associated with common area maintenance of $2.4 million and $2.9 million for the three months ended August 2, 2025 and August 3, 2024, respectively, and $5.5 million and $5.6 million for the six months ended August 2, 2025 and August 3, 2024, respectively. Other variable costs, which include single lease cost related to variable lease payments based on an index or rate that were not included in the measurement of the initial lease liability and right-of-use asset, were not material in any period presented.
(4) | Included in selling, general and administrative expenses on the condensed consolidated statements of income.
Summary of lease right-of-use assets and lease liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | AUGUST 2, | ​ | FEBRUARY 1,
​ | ​ | ​ |  | 2025 |  | 2025
​ | ​ | ​ | ​ | (in thousands)
​ | ​ | Balance Sheet Classification | ​ | ​ | ​ | ​ | ​ | ​
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating leases | ​ | Operating lease right-of-use assets | ​ | $ | 638,085 | ​ | $ | 617,103
Finance leases(1)(2)(3) | ​ | Property and equipment—net | ​ | ​ | 1,052,080 | ​ | ​ | 1,007,088
Total lease right-of-use assets | ​ | ​ | ​ | $ | 1,690,165 | ​ | $ | 1,624,191
Liabilities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current(4) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating leases | ​ | Operating lease liabilities | ​ | $ | 105,866 | ​ | $ | 100,944
Finance leases | ​ | Other current liabilities | ​ | ​ | 22,337 | ​ | ​ | 21,135
Total lease liabilities—current | ​ | ​ | ​ | ​ | 128,203 | ​ | ​ | 122,079
Non-current | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating leases | ​ | Non-current operating lease liabilities | ​ | ​ | 588,083 | ​ | ​ | 573,468
Finance leases | ​ | Non-current finance lease liabilities | ​ | ​ | 657,784 | ​ | ​ | 630,655
Total lease liabilities—non-current | ​ | ​ | ​ | ​ | 1,245,867 | ​ | ​ | 1,204,123
Total lease liabilities | ​ | ​ | ​ | $ | 1,374,070 | ​ | $ | 1,326,202
(1) | Includes capitalized amounts related to our completed construction activities to design and build leased assets, which are reclassified from other non-current assets upon lease commencement.
(2) | Recorded net of accumulated amortization of $350 million and $320 million as of August 2, 2025 and February 1, 2025, respectively.
(3) | Includes $34 million and $35 million as of August 2, 2025 and February 1, 2025, respectively, related to an RH Design Gallery lease with a landlord that is an affiliate of the managing member of the Aspen LLCs. Refer to Note 6—Variable Interest Entities.
(4) | Current portion of lease liabilities represents the reduction of the related lease liability over the next 12 months.
Summary of maturities of lease liabilities | The maturities of lease liabilities were as follows as of August 2, 2025:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | OPERATING | ​ | FINANCE | ​ | ​
FISCAL YEAR | ​ | ​ |  | LEASES |  | LEASES |  | TOTAL
​ | ​ | ​ | ​ | (in thousands)
Remainder of fiscal 2025 | ​ | ​ | ​ | $ | 70,844 | ​ | $ | 29,088 | ​ | $ | 99,932
2026 | ​ | ​ | ​ | ​ | 138,786 | ​ | ​ | 58,932 | ​ | ​ | 197,718
2027 | ​ | ​ | ​ | ​ | 126,657 | ​ | ​ | 59,740 | ​ | ​ | 186,397
2028 | ​ | ​ | ​ | ​ | 90,052 | ​ | ​ | 58,902 | ​ | ​ | 148,954
2029 | ​ | ​ | ​ | ​ | 77,840 | ​ | ​ | 58,605 | ​ | ​ | 136,445
2030 | ​ | ​ | ​ | ​ | 68,812 | ​ | ​ | 59,654 | ​ | ​ | 128,466
Thereafter | ​ | ​ | ​ | ​ | 392,532 | ​ | ​ | 903,937 | ​ | ​ | 1,296,469
Total lease payments(1)(2) | ​ | ​ | ​ | ​ | 965,523 | ​ | ​ | 1,228,858 | ​ | ​ | 2,194,381
Less—imputed interest(3) | ​ | ​ | ​ | ​ | (271,574) | ​ | ​ | (548,737) | ​ | ​ | (820,311)
Present value of lease liabilities | ​ | ​ | ​ | $ | 693,949 | ​ | $ | 680,121 | ​ | $ | 1,374,070
(1) | Total lease payments include future obligations for renewal options that are reasonably certain to be exercised and are included in the measurement of the lease liability. Total lease payments exclude $789 million of legally binding payments under the non-cancellable term for leases signed but not yet commenced under our accounting policy as of August 2, 2025, of which $15 million, $35 million, $44 million, $46 million, $48 million and $49 million will be paid in the remainder of fiscal 2025, fiscal 2026, fiscal 2027, fiscal 2028, fiscal 2029 and fiscal 2030, respectively, and $552 million will be paid subsequent to fiscal 2030.
(2) | Excludes an immaterial amount of future commitments under short-term lease agreements.
(3) | Calculated using the discount rate for each lease at lease commencement.
Summary of supplemental information related to leases | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | SIX MONTHS ENDED
​ | ​ | ​ | ​ | ​ | AUGUST 2, | ​ | ​ | ​ | AUGUST 3,
​ | ​ | ​ | ​ | ​ | 2025 | ​ | ​ | ​ | 2024
Weighted-average remaining lease term (years) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating leases | ​ | ​ | ​ | ​ | ​ | 9.2 | ​ | ​ | ​ | 8.9 | ​
Finance leases | ​ | ​ | ​ | ​ | ​ | 20.0 | ​ | ​ | ​ | 19.7 | ​
Weighted-average discount rate | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating leases | ​ | ​ | ​ | ​ | ​ | 6.1 | % | ​ | ​ | 5.5 | %
Finance leases | ​ | ​ | ​ | ​ | ​ | 5.9 | % | ​ | ​ | 5.3 | %
Summary of other information related to leases | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | SIX MONTHS ENDED
​ | ​ | ​ | AUGUST 2, | ​ | AUGUST 3,
​ | ​ | ​ | 2025 | ​ | 2024
​ | ​ | ​ | (in thousands)
Cash paid for amounts included in the measurement of lease liabilities | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating cash flows from operating leases | ​ | ​ | $ | (70,984) | ​ | $ | (64,645)
Operating cash flows from finance leases | ​ | ​ | ​ | (18,193) | ​ | ​ | (15,329)
Financing cash flows from finance leases—net(1) | ​ | ​ | ​ | (8,031) | ​ | ​ | (11,957)
Total cash outflows from leases | ​ | ​ | $ | (97,208) | ​ | $ | (91,931)
Non-cash transactions | ​ | ​ | ​ | ​ | ​ | ​ | ​
Lease right-of-use assets obtained in exchange for lease obligations—net of lease terminations | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating leases(2) | ​ | ​ | $ | 61,737 | ​ | $ | 45,747
Finance leases | ​ | ​ | ​ | 37,947 | ​ | ​ | 28,278
Reclassification from other non-current assets to finance lease right-of-use assets | ​ | ​ | ​ | 37,502 | ​ | ​ | 38,182
​
(1) | Presented net of tenant allowances received subsequent to lease commencement of $6.2 million in the six months ended August 2, 2025. No such payments were received in the six months ended August 3, 2024.
(2) | Right-of-use assets obtained in exchange for new operating lease liabilities exclude the impact from acquisitions of $4.3 million for the six months ended August 2, 2025. Refer to Note 3—Business Combinations.

X
- Definition The tabular disclosure of balance sheet information relating to leases. + References No definition available. + Details
Name: | rh_LesseeBalanceSheetInformationTableTextBlock
Namespace Prefix: | rh_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability and finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability and finance lease liability recognized in statement of financial position. + References No definition available. + Details
Name: | rh_LesseeOperatingLeaseAndFinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | rh_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The tabular disclosure of other information relating to leases. + References No definition available. + Details
Name: | rh_LesseeOtherInformationTableTextBlock
Namespace Prefix: | rh_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The tabular disclosure of supplemental information relating to leases. + References No definition available. + Details
Name: | rh_LesseeSupplementalInformationTableTextBlock
Namespace Prefix: | rh_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration