SEGMENT REPORTING (Tables)

12 Months Ended

Jan. 31, 2026

SEGMENT REPORTING

Schedule of net revenues in accordance with ASC 606, significant segment expenses and segment adjusted operating income - reportable segment

	YEAR ENDED
	JANUARY 31,						FEBRUARY 1,						FEBRUARY 3,
	2026						2025						2024
	RH SEGMENT		WATERWORKS		TOTAL(1)		RH SEGMENT		WATERWORKS		TOTAL(1)		RH SEGMENT		WATERWORKS		TOTAL(1)
	(in thousands)
Net revenues	$	3,241,389	$	198,147	$	3,439,536	$	2,987,818	$	192,935	$	3,180,753	$	2,835,617	$	193,509	$	3,029,126
Cost of goods sold		1,830,472		93,307		1,923,779		1,674,644		91,177		1,765,821		1,549,510		90,597		1,640,107
Advertising expense		102,652		3,012		105,664		119,238		3,243		122,481		103,690		3,210		106,900
Other segment expenses(2)		938,714		79,892		1,018,606		857,742		76,471		934,213		812,959		75,373		888,332
Segment adjusted operating income(1)	$	369,551	$	21,936	$	391,487	$	336,194	$	22,044	$	358,238	$	369,458	$	24,329	$	393,787
Asset impairments						3,597						36,071						3,531
Product recall						1,913						—						(1,576)
Reorganization related costs						1,233						4,423						7,621
Non-cash compensation						851						4,532						9,640
Contract termination settlement—net						(3,375)						—						—
Legal settlements—net						—						(9,375)						8,500
Operating income						387,268						322,587						366,071
Interest expense—net						225,378						230,601						198,296
Other (income) expense—net						(5,048)						3,395						1,078
Income before taxes and equity method investments					$	166,938					$	88,591					$	166,697

(1) All intercompany transactions are not material and have been eliminated.

(2) Other segment expenses primarily include compensation and occupancy costs classified as selling, general and administrative expenses, and other general and administrative expenses.

Schedule of depreciation and amortization for our segments

	YEAR ENDED
	JANUARY 31,		FEBRUARY 1,		FEBRUARY 3,
	2026		2025		2024
	(in thousands)
RH Segment	$	142,644	$	124,156	$	113,695
Waterworks		5,856		6,035		5,294
Real Estate(1)		—		—		—
Total depreciation and amortization	$	148,500	$	130,191	$	118,989

(1) There is no depreciation and amortization for the Real Estate segment since all assets represent construction in progress.

Schedule of balance sheet information for our segments

			TRADENAMES,
			TRADEMARKS AND
			OTHER INTANGIBLE		EQUITY METHOD		TOTAL
	GOODWILL(1)		ASSETS(2)		INVESTMENTS		ASSETS
	(in thousands)
February 1, 2025
RH Segment	$	140,943	$	59,118	$	—	$	4,228,829
Waterworks		—		17,000		3,276		165,442
Real Estate		—		—		123,633		160,418
Total	$	140,943	$	76,118	$	126,909	$	4,554,689
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

(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.

Schedule of retail locations and outlets outside the United States

	COUNT
Canada	6
United Kingdom	3
Germany	2
Belgium	1
France	1
Spain	1
Total(1)	14

(1) Geographic revenues generated outside of the United States did not exceed 10% of total consolidated net revenues in any fiscal period presented.

Schedule of long-lived assets by geography information

	JANUARY 31,		FEBRUARY 1,
	2026		2025
	(in thousands)
North America	$	2,700,339	$	2,514,275
All other countries		619,424		365,678
Total long-lived assets(1)	$	3,319,763	$	2,879,953