RCI HOSPITALITY HOLDINGS, INC. RICK

Consumer discretionary SIC 5812 - Retail-Eating Places NAICS Accommodation and Food Services › Food Services and Drinking Places › Restaurants and Other Eating Places derived Nasdaq

RCI Hospitality Holdings, Inc. is a holding company that, through its subsidiaries, engages in businesses that offer live adult entertainment and/or high-quality dining experiences to its guests. Our subsidiaries operated 71 establishments in 15 states as of September 30, 2025, including one club that was temporarily closed due to fire damage and one for rebranding. Together with its subsidiaries, RCI Hospitality Holdings, Inc. is collectively referred to as "RCIHH," "RCI," the "Company," "we," "us," or "our" in this report. We also operate a leading business communications company serving the multibillion-dollar adult nightclubs industry. RCIHH was incorporated in the State of Texas in 1994 and became public in 1995.

Last close 27.16 2026-10-23
Market cap $207.6M 2026-06-30 share count
52-week range 20.76 - 32.00

Valuation FY2025 figures against the last close

P/S0.7x
P/E22.1x
P/FCF6.0x
EV/EBITDA9.0x
Dividend yield1.2%
Diluted EPS1.23

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

Revenue by segment

  • Nightclubs
  • Bombshells
  • Other
Revenue by segment, 3 categories over 3 years. The same figures are in the table below. FY2025 Nightclubs, FY2025: 242.5M (86.8%) 87% Nightclubs Bombshells, FY2025: 35.8M (12.8%) 13% Bombshells Other, FY2025: 1.1M (0.4%) FY2024 Nightclubs, FY2024: 243.9M (82.5%) 82% Bombshells, FY2024: 50.6M (17.1%) 17% Other, FY2024: 1.2M (0.4%) FY2023 Nightclubs, FY2023: 236.7M (80.6%) 81% Bombshells, FY2023: 55.7M (19.0%) 19% Other, FY2023: 1.3M (0.4%)
Segment FY2025FY2024FY2023
Nightclubs $242.5M $243.9M $236.7M
Bombshells $35.8M $50.6M $55.7M
Other $1.1M $1.2M $1.3M

As the company reported it, from the “Segment Information - Schedule of Segment Reporting (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 $279.4M$295.6M$293.8M$267.6M$195.3M$132.3M$181.1M$165.7M$144.9M$134.9M
Cost of revenue —————$19.4M$24.9M$22.9M$20.7M$20.5M
Gross profit —————$112.9M$156.1M$142.8M$124.2M$114.3M
SG&A $107.8M$99.7M$93.0M$78.8M$54.6M$51.7M$59.9M$53.8M$46.8M$43.1M
Total operating expenses $249.2M$276.8M$242.3M$196.2M$156.7M$129.6M$146.4M$138.2M$121.8M$114.2M
Operating income $30.3M$18.8M$51.5M$71.5M$38.5M$2.7M$34.7M$27.6M$23.1M$20.7M
Interest expense $16.4M$16.7M$15.9M$11.9M$10.0M$9.8M$10.2M$10.0M$43.0K$59.0K
Pre-tax income $15.4M$2.6M$35.9M$60.1M$34.1M-$6.8M$24.2M$17.8M$14.6M$12.8M
Income tax $4.6M$410.0K$6.8M$14.1M$4.0M$493.0K$3.7M$3.1M$6.4M$2.4M
Net income $10.8M$3.0M$29.1M$46.1M$30.1M-$6.1M$20.3M$20.9M$8.3M$11.2M
EPS, basic 1.230.333.134.913.37-0.661.992.150.851.13
EPS, diluted 1.230.333.134.913.37-0.662.102.150.851.11
Shares, diluted (wtd. avg.) 8.8M9.3M9.3M9.4M9.0M9.2M9.7M9.7M9.7M10.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $33.7M$32.4M$21.0M$36.0M$35.7M$15.6M$14.1M$17.7M$9.9M$11.3M
Receivables ——$9.8M$8.5M$7.6M$6.8M$6.1M$6.7M$3.2M$4.4M
Inventory $4.9M$4.7M$4.4M$3.9M$2.7M$2.4M$2.6M$2.4M$2.1M$2.0M
Total current assets $50.9M$47.3M$37.5M$51.2M$53.0M$31.4M$23.7M$26.2M$26.2M$29.4M
Property, plant and equipment $279.0M$2.0M$282.7M$224.6M$176.0M$181.4M$184.0M$172.4M$148.4M$141.1M
Goodwill $62.7M$61.9M$70.8M$67.8M$39.4M$45.7M$53.6M$43.6M$495.0K$45.8M
Other intangibles $171.9M$163.5M$23.6M$26.9M$400.0K$530.0K$1.1M$1.8M$1.6M$917.0K
Total assets $596.9M$584.4M$610.9M$530.7M$364.6M$360.9M$352.0M$354.8M$299.9M$276.1M
Accounts payable $5.8M$5.6M$6.1M$5.5M$4.4M$4.8M$3.8M$2.8M$2.1M$1.7M
Short-term debt $21.2M$18.9M$22.8M$11.9M$6.4M$16.3M$15.8M$19.0M$17.4M$9.9M
Total current liabilities $63.0M$48.1M$48.0M$31.5M$23.0M$37.3M$34.2M$33.8M$31.1M$27.0M
Long-term debt $214.6M$219.3M$216.9M$190.6M$118.7M$125.1M$127.8M$121.6M$106.9M$9.9M
Total liabilities $336.1M$321.3M$329.6M$289.0M$185.4M$208.6M$185.3M$176.4M$164.7M$146.7M
Retained earnings $210.1M$201.8M$201.1M$173.9M$129.7M$100.8M$108.1M$96.3M$69.2M$62.1M
Total equity $261.1M$263.4M$281.3M$241.8M$179.2M$152.3M$169.4M$153.3M$135.2M$129.3M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $49.4M$55.9M$59.1M$64.5M$42.0M$15.6M$37.2M$25.8M$21.1M$23.0M
Depreciation and amortisation $15.1M$15.4M$15.2M$12.4M$8.2M$8.8M$9.1M$7.7M$6.7M$6.6M
Stock-based compensation $1.4M$1.9M$2.6M$2.4M$0$0———$360.0K
Capital expenditure $14.5M$24.6M$40.4M$24.0M$13.5M$5.7M$20.7M$554.0K$11.2M$28.1M
Investing cash flow -$24.0M-$21.0M-$64.8M-$67.8M-$6.8M-$994.0K-$27.1M-$26.3M-$18.5M-$24.1M
Financing cash flow -$24.0M-$23.5M-$9.3M$3.6M-$15.1M-$13.1M-$13.7M$8.4M-$4.0M$4.4M
Dividends paid $2.5M$2.3M$2.1M$1.8M$1.4M$1.3M$1.3M$1.2M$1.2M$862.0K
Buybacks $11.9M$20.6M$2.2M$15.1M$1.8M$9.5M$2.9M—$1.1M$7.3M

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 0001628280-26-047485.

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. -100M 0 100M 200M 300M Revenue, FY2016: 134.9M Gross profit, FY2016: 114.3M Net income, FY2016: 11.2M Revenue, FY2017: 144.9M Gross profit, FY2017: 124.2M Net income, FY2017: 8.3M Revenue, FY2018: 165.7M Gross profit, FY2018: 142.8M Net income, FY2018: 20.9M Revenue, FY2019: 181.1M Gross profit, FY2019: 156.1M Net income, FY2019: 20.3M Revenue, FY2020: 132.3M Gross profit, FY2020: 112.9M Net income, FY2020: -6.1M Revenue, FY2021: 195.3M Net income, FY2021: 30.1M Revenue, FY2022: 267.6M Net income, FY2022: 46.1M Revenue, FY2023: 293.8M Net income, FY2023: 29.1M Revenue, FY2024: 295.6M Net income, FY2024: 3M Revenue, FY2025: 279.4M Net income, FY2025: 10.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $134.9M $144.9M $165.7M $181.1M $132.3M $195.3M $267.6M $293.8M $295.6M $279.4M
Gross profit $114.3M $124.2M $142.8M $156.1M $112.9M — — — — —
Net income $11.2M $8.3M $20.9M $20.3M -$6.1M $30.1M $46.1M $29.1M $3.0M $10.8M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Other event Item 8.01
  • 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

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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