$RICK

RCI HOSPITALITY HOLDINGS, INC.

CIK:0000935419|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues
Total revenues	$ 73,939	$ 71,145	$ 213,489	$ 208,504
Cost of goods sold
Total cost of goods sold (exclusive of items shown separately below)	9,683	9,135	27,729	27,027
Salaries and wages	21,860	20,916	64,545	61,971
Selling, general, and administrative	25,372	26,140	73,273	75,247
Depreciation and amortization	4,030	3,892	12,234	11,237
Impairments and other charges, net	26	2,349	7,892	2,232
Total operating expenses	60,971	62,432	185,673	177,714
Income from operations	12,968	8,713	27,816	30,790
Other income (expenses)
Interest expense	(4,454)	(4,032)	(13,319)	(12,232)
Interest income	86	117	267	435
Non-operating gains (losses), net	31	(5)	(9,850)	974
Income before income taxes	8,631	4,793	4,914	19,967
Income tax expense	2,130	733	3,281	3,648
Net income	6,501	4,060	1,633	16,319
Net income attributable to noncontrolling interests	(150)	(2)	(342)	(6)
Net income attributable to RCIHH common stockholders	$ 6,351	$ 4,058	$ 1,291	$ 16,313
Earnings per share
Basic (in dollars per share)	$ 0.83	$ 0.46	$ 0.16	$ 1.84
Diluted (in dollars per share)	$ 0.83	$ 0.46	$ 0.16	$ 1.84
Weighted average shares used in computing earnings per share
Basic (in shares)	7,653,000	8,793,809	7,898,831	8,859,028
Diluted (in shares)	7,653,000		7,898,831	8,859,028
Sales of alcoholic beverages
Revenues
Total revenues	$ 31,159	$ 30,780	$ 90,115	$ 91,834
Cost of goods sold
Total cost of goods sold (exclusive of items shown separately below)	5,655	5,580	16,397	16,630
Sales of food and merchandise
Revenues
Total revenues	10,690	10,037	30,195	29,554
Cost of goods sold
Total cost of goods sold (exclusive of items shown separately below)	3,984	3,519	11,171	10,264
Service revenues
Revenues
Total revenues	27,079	25,169	78,338	72,262
Other
Revenues
Total revenues	5,011	5,159	14,841	14,854
Service and other
Cost of goods sold
Total cost of goods sold (exclusive of items shown separately below)	$ 44	$ 36	$ 161	$ 133

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 1,633	$ 16,319
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	12,234	11,237
Impairment of assets	8,433	1,780
Deferred income tax benefit	(2,223)	(2,200)
Stock-based compensation	589	980
Loss (gain) on sale of businesses and assets	292	(1,226)
Amortization of debt discount and issuance costs	377	420
Noncash lease expense	2,233	2,002
Gain on insurance	(294)	(1,879)
Credit loss expense (reversal) on notes receivable	(11)	27
Premium on stock repurchase	9,885	0
Changes in operating assets and liabilities, net of business acquisitions:
Receivables	465	1,271
Inventories	(325)	90
Prepaid expenses, other current and other assets	1,091	400
Accounts payable, accrued and other liabilities	(5,404)	6,463
Net cash provided by operating activities	28,975	35,684
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sale of businesses and assets	1,676	1,086
Proceeds from insurance	291	1,893
Proceeds from notes receivable	170	223
Payments for property and equipment and intangible assets	(5,724)	(12,289)
Acquisition of businesses, net of cash acquired	0	(13,000)
Net cash used in investing activities	(3,587)	(22,087)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from debt obligations	2,453	9,175
Payments on debt obligations	(21,745)	(14,431)
Payment of loan origination costs	(27)	(80)
Purchase of treasury stock	(13,295)	(9,158)
Payment of dividends	(1,773)	(1,856)
Investment from noncontrolling partner	1,800	0
Payments to noncontrolling interests	(106)	0
Net cash used in financing activities	(32,693)	(16,350)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(7,305)	(2,753)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	33,709	32,350
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 26,404	$ 29,597

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Sep. 30, 2025
Current assets
Cash and cash equivalents	$ 26,404	$ 33,709
Receivables, net	2,871	3,940
Inventories	5,182	4,857
Prepaid expenses and other current assets	4,060	4,968
Assets held for sale	0	3,394
Total current assets	38,517	50,868
Property and equipment, net	276,856	279,027
Operating lease right-of-use assets	23,560	25,781
Notes receivable, net of current portion	4,285	3,849
Goodwill	62,242	62,725
Intangibles, net	161,650	171,948
Other assets	2,550	2,737
Total assets	569,660	596,935
Current liabilities
Accounts payable	6,457	5,836
Accrued liabilities	30,004	32,607
Current portion of debt obligations, net	29,088	21,198
Current portion of operating lease liabilities	3,370	3,314
Total current liabilities	68,919	62,955
Deferred tax liability, net	19,466	21,689
Debt, net of current portion and debt discount and issuance costs	210,997	214,583
Operating lease liabilities, net of current portion	24,801	27,320
Other long-term liabilities	8,119	9,509
Total liabilities	332,302	336,056
Commitments and contingencies (Note 9)
Equity
Preferred stock, $0.10 par value per share; 1,000,000 shares authorized; none issued and outstanding	0	0
Common stock, $0.01 par value per share; 20,000,000 shares authorized; 7,644,500 and 8,684,061 shares issued and outstanding as of June 30, 2026, and September 30, 2025, respectively	76	87
Additional paid-in capital	25,844	50,908
Retained earnings	208,834	210,106
Total RCIHH stockholders’ equity	234,754	261,101
Noncontrolling interests	2,604	(222)
Total equity	237,358	260,879
Total liabilities and equity	$ 569,660	$ 596,935