Founded in 1986, Arhaus has carved out a premium niche in the U.S. home furnishings market through its vertically integrated and omni-channel business model. The company grew net revenue to $1.38 billion in 2025, an 8.5% increase over 2024, supported by disciplined showroom openings and exclusive artisan-crafted products. Despite modest declines in margins and profits, Arhaus maintains strong liquidity and a debt-free balance sheet, positioning it for gradual expansion into underpenetrated markets with a large domestic sourcing base. Key risks include industry cyclicality, lease commitments, and internal control challenges.