Rave Restaurant Group, Inc. (RAVE) Financial Statements
Industry: Groceries & Related Products (Wholesale)
In fiscal 2026, Rave Restaurant reported revenue of $12.9M, up 7.2% from $12.0M the year before. Net income was $2.9M (a 22.3% net margin), or $0.20 per diluted share. Gross margin was 26.9% and operating margin was 26.9%. Operating activities generated $3.6M of cash, leaving $3.5M of free cash flow. At fiscal year end, Rave Restaurant held $19.5M in total assets against $2.2M in total liabilities, including $1.1M of cash and equivalents.
Open the full interactive Rave Restaurant financials → Quarterly statements, key ratios, valuation history and price charts.
Rave Restaurant Key Stats
| Share Price | $2.20 |
|---|---|
| Market Cap | $31.5M |
| P/E Ratio | 11.0 |
| Revenue YoY Growth | +7.2% |
| 52-Week Range | $2.20 – $3.48 |
| Shares Outstanding | 14.2 million (basic, 2026 Q4) |
Rave Restaurant Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $8.6M | $10.7M | $11.9M | $12.2M | $12.0M | $12.9M |
| Cost of Goods Sold | $7.8M | $9.0M | $9.7M | $9.1M | $8.4M | $9.4M |
| Gross Profit | $8.3M | $10.7M | $11.9M | $3.1M | $3.6M | $3.5M |
| Operating Income | $3.5M | $5.1M | $6.2M | -$2.4M | -$1.8M | $3.5M |
| Pre-Tax Income | $1.5M | $2.4M | $2.1M | $3.1M | $3.6M | $3.9M |
| Income Tax | -$29,000 | -$5.7M | $537,000 | $619,000 | $918,000 | $1.0M |
| Net Income | $1.5M | $8.0M | $1.6M | $2.5M | $2.7M | $2.9M |
| Diluted EPS | $0.09 | $0.45 | $0.10 | $0.17 | $0.19 | $0.20 |
Rave Restaurant Quarterly Results
| 2026 Q1 | 2026 Q2 | 2026 Q3 | 2026 Q4 | |
|---|---|---|---|---|
| Revenue | $3.2M | $3.0M | $3.2M | $3.4M |
| Net Income | $645,000 | $637,000 | $800,000 | $796,000 |
| Diluted EPS | $0.05 | $0.04 | $0.06 | $0.06 |
Rave Restaurant Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $8.3M | $7.7M | $5.3M | $2.9M | $2.9M | $1.1M |
| Current Assets | $10.4M | $10.1M | $6.8M | $9.5M | $11.5M | $15.8M |
| Total Assets | $13.3M | $18.5M | $14.2M | $15.8M | $16.6M | $19.5M |
| Current Liabilities | $4.5M | $2.9M | $2.2M | $2.0M | $1.7M | $1.7M |
| Total Liabilities | $7.6M | $5.1M | $3.8M | $3.1M | $2.4M | $2.2M |
| Shareholders' Equity | $5.7M | $13.4M | $10.4M | $12.7M | $14.2M | $17.3M |
Rave Restaurant Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $1.5M | $1.4M | $2.6M | $2.7M | $3.4M | $3.6M |
| Cash From Investing | -$238,000 | $338,000 | -$15,000 | -$4.9M | -$2.0M | -$5.3M |
| Cash From Financing | $3.9M | -$2.3M | -$5.0M | -$311,000 | -$1.4M | $0 |
| Free Cash Flow | $1.3M | $1.3M | $2.6M | $2.7M | $3.3M | $3.5M |
Figures from Rave Restaurant's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Rave Restaurant financials page for every line item.
Rave Restaurant Company Profile
| Ticker | RAVE |
|---|---|
| Exchange | Nasdaq |
| Industry | Groceries & Related Products (Wholesale) |
| Headquarters | The Colony, Texas |
| Incorporated in | Missouri |
| Fiscal Year End | June 28 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0000718332 |
Frequently Asked Questions
What was Rave Restaurant's revenue in fiscal 2026?
Rave Restaurant (RAVE) reported revenue of $12.9M for fiscal 2026.
What is Rave Restaurant's annual revenue history?
Rave Restaurant's annual revenue by fiscal year: 2021: $8.6M; 2022: $10.7M; 2023: $11.9M; 2024: $12.2M; 2025: $12.0M; 2026: $12.9M.
What was Rave Restaurant's net income in fiscal 2026?
Rave Restaurant reported net income of $2.9M for fiscal 2026.
What was Rave Restaurant's earnings per share (EPS) in fiscal 2026?
Rave Restaurant's diluted EPS was $0.20 for fiscal 2026 (adjusted for any later stock splits).
How much free cash flow did Rave Restaurant generate in fiscal 2026?
Rave Restaurant generated $3.5M of free cash flow in fiscal 2026.
What was Rave Restaurant's revenue last quarter?
In its most recent reported quarter (2026 Q4), Rave Restaurant reported revenue of $3.4M.
How many shares of Rave Restaurant are outstanding?
Rave Restaurant reported a weighted average of 14.2 million basic shares outstanding in 2026 Q4.
What is Rave Restaurant's market cap?
Based on its latest closing price, Rave Restaurant (RAVE) has a market capitalization of about $31.5M.
When does Rave Restaurant's fiscal year end?
Rave Restaurant's fiscal year end, as registered with the SEC, is June 28.
Where is Rave Restaurant headquartered?
Rave Restaurant lists its business address in The Colony, Texas in its SEC filings.
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