RICK earnings analysis
What we found in RICK's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- 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.
- Operational Challenges Persist
- Reported EPS of -0.57 missed expectations of 0.74, reflecting underlying profitability issues.
- Operational Cash Flow
- Net cash from operating activities rose to $9.9 million, up 15.6% from $8.5 million in Q1 2025.
- Free Cash Flow Increased
- Free cash flow for Q1 2026 was $5 million, despite lower profitability, indicating a shift in capital allocation.
- 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%.
- Increased Debt Load
- Total debt rose to $248.7 million, showing a 3% increase compared to $241.5 million in the prior period.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Nasdaq Compliance Issues
- Received a letter of noncompliance from Nasdaq, highlighting regulatory risks.
- Decreased Working Capital
- Negative working capital increased to $32.7 million from $12.1 million, reflecting potential liquidity constraints.
- Profitability Concerns
- EPS swung to -0.57 from positive earnings, indicating deeper operational challenges that may continue.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.74
- Gross margin
- 100.0%
- Operating margin
- 15.6%
- Segment
- Nightclubs
- Segment
- Bombshells
What they said about what is next.
Management did not provide explicit revenue or EPS guidance in the earnings call.
The filing reads worse than the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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