10-Q · May 7, 2026
RCI Hospitality Holdings, Inc. reported a slight decline in revenue for Q4 2026, totaling $70.8 million, compared to $71.5 million in the previous year, reflecting a 0.9% decrease. The company experienced a significant…
Earnings analysis · 10-Q
RICK earnings analysis
Filed May 28, 2026 · Our reading of the company's report
The latest report
RCI Hospitality Holdings, Inc. reported Q1 2026 results with a revenue of $71 million, which is flat compared to the previous quarter but shows a slight decline year-over-year. The reported EPS of -0.57 missed the…
Read full summary
RCI Hospitality Holdings, Inc. reported Q1 2026 results with a revenue of $71 million, which is flat compared to the previous quarter but shows a slight decline year-over-year. The reported EPS of -0.57 missed the consensus estimate of 0.74, indicating significant profitability challenges. This quarter, the company experienced a decrease in cash and an increase in debt, raising concerns over liquidity amid ongoing compliance issues with Nasdaq.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.74
- Segment
- Nightclubs
- Segment
- Bombshells
What stood out
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Stable RevenueStreams
Total revenue for Q1 2026 matched previous quarter at $71 million and shows decline compared to $73 million in Q4 2024, indicating flat performance.
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Operational Challenges Persist
Reported EPS of -0.57 missed expectations of 0.74, reflecting underlying profitability issues.
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Operational Cash Flow
Net cash from operating activities rose to $9.9 million, up 15.6% from $8.5 million in Q1 2025.
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Free Cash Flow Increased
Free cash flow for Q1 2026 was $5 million, despite lower profitability, indicating a shift in capital allocation.
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Segment Performance
Nightclubs segment revenue grew by 4.3% to $68.7 million year-over-year, while Bombshells saw a minor increase of 1.6%.
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Increased Debt Load
Total debt rose to $248.7 million, showing a 3% increase compared to $241.5 million in the prior period.
What to watch
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Nasdaq Compliance Issues
Received a letter of noncompliance from Nasdaq, highlighting regulatory risks.
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Decreased Working Capital
Negative working capital increased to $32.7 million from $12.1 million, reflecting potential liquidity constraints.
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Profitability Concerns
EPS swung to -0.57 from positive earnings, indicating deeper operational challenges that may continue.
Management's outlook
Management did not provide explicit revenue or EPS guidance in the earnings call.
Earlier filings 4
10-K · March 19, 2026
RCI Hospitality filed its delayed Form 10-K for the fiscal year ended September 30, 2025, reporting consolidated revenue of $279.4 million and diluted EPS of $1.23. The company emphasizes a December 2024…
10-Q · August 11, 2025
RCI reported quarterly revenue of $71.145 million and GAAP diluted EPS of $0.46 for the three months ended June 30, 2025. Operating income improved to $8.713 million from a loss of $2.536 million a year earlier, driven…
10-Q · May 12, 2025
RCI reported Q2 revenue of $65,876,000 (vs $72,283,000 a year ago) with EPS of $0.36 (vs $0.08 prior year), reflecting a stronger margin profile despite lower top-line. Nightclubs remained the earnings driver (Q2…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.