RAVE RESTAURANT GROUP, INC. RAVE

Industrials SIC 5140 - Wholesale-Groceries & Related Products NAICS Wholesale Trade › Merchant Wholesalers, Nondurable Goods › Grocery and Related Product Merchant Wholesalers derived Nasdaq

Rave Restaurant Group, Inc., through its subsidiaries (collectively, the "Company" or "we," "us" or "our"), franchises pizza buffet ("Buffet Units"), delivery/carry-out ("Delco Units"), express restaurants ("Express Units") and ghost kitchens ("Pizza Inn Ghost Kitchen Units") under the trademark "Pizza Inn" and franchises fast casual pizza restaurants ("Pie Five Units") and ghost kitchens ("Pie Five Ghost Kitchen Units") under the trademarks "Pie Five Pizza Company" or "Pie Five". The Company also licenses Pizza Inn Express, or PIE, kiosks ("PIE Units") under the trademark "Pizza Inn". We facilitate food, equipment, and supply distribution to our domestic and international system of restaurants through agreements with third-party distributors.

Last close 2.20 2026-10-23
Market cap $31.3M 2026-03-29 share count
52-week range 2.06 - 3.60

Valuation FY2025 figures against the last close

P/S2.6x
P/E11.6x
P/FCF9.4x
EV/EBITDA—
Dividend yield—
Diluted EPS0.19

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Foreign Countries
Revenue by geography, 2 categories over 2 years. The same figures are in the table below. FY2025 United States, FY2025: 11.8M (97.9%) 98% United States Foreign Countries, FY2025: 248K (2.1%) FY2023 United States, FY2023: 11.6M (97.8%) 98% Foreign Countries, FY2023: 262K (2.2%)
Region FY2025FY2023
United States $11.8M $11.6M
Foreign Countries $248.0K $262.0K

As the company reported it, from the “SEGMENT REPORTING - Revenue by Geographic Areas (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • Pizza Inn Franchising
  • Pie Five Franchising
  • Other
Revenue by segment, 3 categories over 1 years. The same figures are in the table below. FY2025 Pizza Inn Franchising, FY2025: 10.8M (89.6%) 90% Pizza Inn Franchising Pie Five Franchising, FY2025: 1.2M (9.9%) 10% Other, FY2025: 53K (0.4%)
Segment FY2025
Pizza Inn Franchising $10.8M
Pie Five Franchising $1.2M
Other $53.0K

As the company reported it, from the “SEGMENT REPORTING - Segment Reporting Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $12.0M$12.2M$11.9M$10.7M$8.6M$10.0M$12.3M$15.1M$26.1M$60.0M
Cost of revenue ——$0$1.0K$264.0K$439.0K$1.1M$3.7M——
Gross profit ——$11.9M$10.7M$8.3M$9.6M$11.2M$11.5M——
SG&A $5.2M$5.3M$5.5M$5.4M$4.7M$5.5M$5.3M$7.6M$10.8M$7.1M
Total operating expenses $8.4M$9.1M$9.7M$9.0M$7.8M$10.2M$13.1M$16.2M$37.3M$65.8M
Interest expense $354.0K$153.0K$1.0K$61.0K$92.0K$95.0K$104.0K$183.0K$106.0K$4.0K
Pre-tax income $3.6M$3.1M$2.1M$2.4M$1.5M-$155.0K-$801.0K-$1.0M-$11.2M-$5.8M
Income tax $918.0K$619.0K$537.0K$5.7M$29.0K$4.1M$51.0K$3.3M$53.0K$2.7M
Net income $2.7M$2.5M$1.6M$8.0M$1.5M-$4.2M-$750.0K$1.9M-$12.5M-$8.9M
EPS, basic 0.190.170.110.450.09-0.28-0.050.14-1.18-0.86
EPS, diluted 0.190.170.100.450.09-0.28-0.050.13-1.18-0.86
Shares, diluted (wtd. avg.) 14.6M14.6M15.9M18.0M18.1M15.1M15.1M15.0M10,61710,317

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $2.9M$2.9M$5.3M$7.7M$8.3M$3.2M$2.5M$1.6M$451.0K$873.0K
Short-term investments $7.0M$4.9M$0———————
Receivables $1.2M$1.4M$1.1M$2.0M$911.0K$965.0K$1.2M$1.5M$2.8M$2.8M
Inventory —————$0$7.0K$6.0K$79.0K$197.0K
Total current assets $11.5M$9.5M$6.8M$10.1M$10.4M$4.9M$4.7M$4.7M$5.1M$4.6M
Property, plant and equipment $137.0K$182.0K$258.0K$365.0K$445.0K$366.0K$500.0K$1.5M$3.8M$13.0M
Other intangibles $182.0K$252.0K$328.0K$232.0K$183.0K$155.0K$196.0K$212.0K$239.0K—
Total assets $16.6M$15.8M$14.2M$18.5M$13.3M$9.7M$10.4M$11.0M$9.5M$18.5M
Short-term debt ——$0$30.0K$250.0K$0—$0$1.0M$0
Total current liabilities $1.7M$2.0M$2.2M$2.9M$4.5M$2.5M$2.4M$2.0M$6.7M$5.5M
Total liabilities $2.4M$3.1M$3.8M$5.1M$7.6M$9.2M$6.0M$4.7M$11.6M$9.1M
Retained earnings $7.6M$4.9M$2.4M$826.0K-$7.2M-$8.7M-$4.5M-$2.5M-$4.4M$8.1M
Total equity $14.2M$12.7M$10.4M$13.4M$5.7M$503.0K$4.4M$6.3M-$2.1M$9.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $3.4M$2.8M$2.8M$1.4M$1.5M-$360.0K$659.0K-$3.9M-$5.5M$1.9M
Depreciation and amortisation $101.0K$135.0K$141.0K$140.0K$131.0K$145.0K$423.0K$835.0K$2.4M$2.7M
Stock-based compensation $136.0K$149.0K$345.0K$169.0K$80.0K-$104.0K$36.0K$115.0K$58.0K$213.0K
Capital expenditure $56.0K$76.0K$65.0K$66.0K$212.0K$56.0K$81.0K$1.1M——
Investing cash flow -$2.0M-$5.0M-$227.0K$338.0K-$238.0K$67.0K$131.0K$708.0K$426.0K-$7.7M
Financing cash flow -$1.4M-$311.0K-$5.0M-$2.3M$3.9M$999.0K$88.0K$4.1M$4.7M$866.0K
Buybacks $1.2M$0$5.0M$512.0K$0—————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-25-040813.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -20M 0 20M 40M 60M Revenue, FY2016: 60M Net income, FY2016: -8.9M Revenue, FY2017: 26.1M Net income, FY2017: -12.5M Revenue, FY2018: 15.1M Gross profit, FY2018: 11.5M Net income, FY2018: 1.9M Revenue, FY2019: 12.3M Gross profit, FY2019: 11.2M Net income, FY2019: -750K Revenue, FY2020: 10M Gross profit, FY2020: 9.6M Net income, FY2020: -4.2M Revenue, FY2021: 8.6M Gross profit, FY2021: 8.3M Net income, FY2021: 1.5M Revenue, FY2022: 10.7M Gross profit, FY2022: 10.7M Net income, FY2022: 8M Revenue, FY2023: 11.9M Gross profit, FY2023: 11.9M Net income, FY2023: 1.6M Revenue, FY2024: 12.2M Net income, FY2024: 2.5M Revenue, FY2025: 12M Net income, FY2025: 2.7M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $60.0M $26.1M $15.1M $12.3M $10.0M $8.6M $10.7M $11.9M $12.2M $12.0M
Gross profit — — $11.5M $11.2M $9.6M $8.3M $10.7M $11.9M — —
Net income -$8.9M -$12.5M $1.9M -$750.0K -$4.2M $1.5M $8.0M $1.6M $2.5M $2.7M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Shareholder vote Item 5.07
  • Results announced Item 2.02
  • Annual report filed Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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