RICK

MKT CAP:$226M

RCI Hospitality Holdings, Inc.

Market Cap

$226M

Consumer Cyclical·Restaurants·🇺🇸 United States·NASDAQ

Consumer Cyc.·Restaurants·🇺🇸·NASDAQ

Stock Price

$25.83+$2.40 (+10.24%)

Apr 23, 2026

Company Details

RCI Hospitality Holdings, Inc., through its subsidiaries, engages in the hospitality and related businesses in the United States. The company operates through Nightclubs, Bombshells, and Other segments. It owns and/or operates upscale adult...

CEO

Travis Reese

IPO Date

Oct 13, 1995

Website

www.rcihospitality.com

Key Metrics TTM

Revenue

$293M

+6.2% YoY

Net Income

$15M

EPS (Diluted)

$1.68

Free Cash Flow

$36M

Revenue / Share

$33.29

Gross Margin

57.9%

Operating Margin

11.4%

Net Margin

5.2%

FCF Margin

12.1%

P/S

0.8x

P/E

15.0x

Earnings Reports

Q4 2025

May 11, 2026

PENDING

FY 2025

Mar 19, 2026

$279M-5.5%EPS $1.23

Q3 2025

Aug 11, 2025

$71M-6.6%EPS $0.46

Q1 2025

Feb 10, 2025

$71M-3.3%EPS $1.01

FY 2024

Dec 16, 2024

$296M+0.6%EPS $0.33

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 18	$41M	$24M	$9M
Q2 18	$41M	$25M	$8M
Q3 18	$43M	$25M	$9M
Q4 18	$41M	$24M	$2M
Q2 19	$45M	$27M	$11M
Q1 20	$48M	$28M	$10M
Q3 21	$58M	$35M	$19M
Q1 22	$62M	$36M	$16M
Q2 22	$64M	$38M	$17M
Q3 22	$71M	$44M	$21M
Q4 22	$71M	$44M	$18M
Q1 23	$70M	$42M	$17M
Q1 24	$74M	$42M	$13M
Q3 24	$76M	$45M	-$3M
Q1 25	$71M	$41M	$14M
Q3 25	$71M	$41M	$9M

Valuation

Quarter	P/S	P/E
Q1 18	1.8x	14.1x
Q2 18	1.7x	12.9x
Q3 18	1.9x	14.1x
Q4 18	1.7x	13.2x
Q2 19	1.3x	15.8x
Q1 20	1.1x	12.6x
Q3 21	3.1x	27.3x
Q1 22	3.6x	21.6x
Q2 22	2.5x	14.8x
Q3 22	1.8x	9.8x
Q4 22	2.3x	13.3x
Q1 23	3.1x	18.5x
Q1 24	2.1x	14.3x
Q3 24	1.3x	16.9x
Q1 25	1.8x	24.4x
Q3 25	1.2x	22.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 18	$8M	$5M
Q2 18	$6M	-$310.0K
Q3 18	$8M	-$1M
Q4 18	$3M	-$3M
Q2 19	$10M	$3M
Q1 20	$10M	$6M
Q3 21	$15M	$11M
Q1 22	$16M	$6M
Q2 22	$12M	$7M
Q3 22	$19M	$16M
Q4 22	$18M	$11M
Q1 23	$15M	$2M
Q1 24	$14M	$8M
Q3 24	$16M	$9M
Q1 25	$13M	$8M
Q3 25	$14M	$10M

Capital Expenditures

Quarter	CapEx
Q1 18	$3M
Q2 18	$6M
Q3 18	$10M
Q4 18	$6M
Q2 19	$7M
Q1 20	$4M
Q3 21	$4M
Q1 22	$10M
Q2 22	$4M
Q3 22	$3M
Q4 22	$7M
Q1 23	$13M
Q1 24	$5M
Q3 24	$6M
Q1 25	$6M
Q3 25	$4M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 18	+22.1%	+17.0%
Q2 18	+19.4%	+22.1%
Q3 18	+13.9%	+12.2%
Q4 18	+3.7%	+3.6%
Q2 19	+8.8%	+5.0%
Q1 20	+17.4%	+17.3%
Q3 21	+35.7%	+18.7%
Q1 22	+52.0%	+17.3%
Q2 22	+42.1%	+38.5%
Q3 22	+46.1%	+29.7%
Q4 22	+23.4%	+35.7%
Q1 23	+13.2%	+15.6%
Q1 24	+16.0%	+30.3%
Q3 24	+7.7%	+56.8%
Q1 25	+0.1%	+7.8%
Q3 25	+1.7%	+17.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 18	$0	0.0%
Q2 18	$0	0.0%
Q3 18	$0	0.0%
Q4 18	$0	0.0%
Q2 19	$0	0.0%
Q1 20	$0	0.0%
Q3 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$941.0K	1.3%
Q1 24	$470.0K	0.6%
Q3 24	$471.0K	0.6%
Q1 25	$470.0K	0.7%
Q3 25	$392.0K	0.6%

OpEx Breakdown

Quarter	G&A	S&M
Q1 18	$8M	$2M
Q2 18	$8M	$2M
Q3 18	$9M	$2M
Q4 18	$9M	$2M
Q2 19	$9M	$2M
Q1 20	$11M	$2M
Q3 21	$10M	$2M
Q1 22	$13M	$2M
Q2 22	$13M	$2M
Q3 22	$14M	$2M
Q4 22	$16M	$3M
Q1 23	$16M	$3M
Q1 24	$17M	$3M
Q3 24	$16M	$3M
Q1 25	$18M	$3M
Q3 25	$19M	$3M

Revenue Segments

Quarter	Bombshells	Nightclubs	Other	Alcoholic Beverages	Food and Merchandise	Franchise Fees And Other	Service	Sales of Alcoholic Beverages
Q1 18	$6M	$35M	$166.0K	—	—	—	—	—
Q2 18	$6M	$35M	$181.0K	—	—	—	—	—
Q1 24	—	—	—	$33M	$11M	$5M	$25M	—
Q3 24	—	—	—	—	$12M	$5M	$25M	$34M
Q1 25	—	—	—	$32M	$10M	$5M	$24M	—
Q3 25	—	—	—	$31M	$10M	$5M	$25M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$18M	$0	$18M
Q2 22	$38M	$0	$38M
Q3 22	$38M	$0	$38M
Q4 22	$36M	$0	$36M
Q1 23	$34M	$0	$34M
Q2 23	$23M	$0	$23M
Q3 23	$24M	$0	$24M
Q4 23	$21M	$0	$21M
Q1 24	$21M	$0	$21M
Q2 24	$20M	$0	$20M
Q3 24	$35M	$0	$35M
Q4 24	$32M	$0	$32M
Q1 25	$35M	$0	$35M
Q2 25	$33M	$0	$33M
Q3 25	$29M	$0	$29M
Q4 25	$34M	$0	$34M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 18	10M	0.0%	-1.0%
Q2 18	10M	0.0%	-0.0%
Q3 18	10M	0.0%	0.0%
Q4 18	10M	0.0%	0.0%
Q2 19	10M	-0.4%	-0.4%
Q1 20	9M	-3.7%	-4.1%
Q3 21	9M	-3.5%	-7.4%
Q1 22	9M	+4.5%	-3.2%
Q2 22	9M	+0.9%	-2.0%
Q3 22	9M	-1.0%	+0.7%
Q4 22	9M	-1.5%	+2.8%
Q1 23	9M	-0.2%	-1.9%
Q1 24	9M	+1.5%	-1.3%
Q3 24	9M	-0.9%	-1.2%
Q1 25	9M	-3.9%	-3.6%
Q3 25	9M	-1.4%	-4.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 18	$19.3K	2K
Q2 18	$19.4K	2K
Q3 18	$20.0K	2K
Q4 18	$19.8K	2K
Q2 19	$21.9K	2K
Q1 20	$22.0K	2K
Q3 21	$27.9K	2K
Q1 22	$24.5K	3K
Q2 22	$25.2K	3K
Q3 22	$28.0K	3K
Q4 22	$22.2K	3K
Q1 23	$21.7K	3K
Q1 24	$19.6K	4K
Q3 24	$20.2K	4K
Q1 25	$19.8K	4K
Q3 25	$19.7K	4K

Revenue / Employee