RAVE RESTAURANT GROUP, INC.
Business
Rave Restaurant Group franchises pizza restaurants under the Pizza Inn and Pie Five brands, operating buffet, delivery/carry-out, express, and ghost-kitchen formats, as well as licensing pizza kiosks. The company generates revenue through franchise fees, royalties, marketing fund contributions, and supplier rebates from authorized distributors. Pizza Inn and Pie Five units operate domestically and internationally, with Pizza Inn concentrated in the southern United States and the Middle East.
Summary from 10-K filed 2025-09-25
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| REVENUES | 12 | 12 | 12 | 11 | 9 | |
| General and administrative expenses | 5 | 5 | 5 | 5 | 5 | |
| Franchise expenses | 3 | 4 | 4 | 3 | 2 | |
| Impairment of long-lived assets and other lease charges | 0 | 0 | 5,000 | 6,000 | 21,000 | |
| Provision (recovery) for credit losses | −21,000 | 69,000 | 73,000 | — | — | |
| Interest (income) expense | −354,000 | −153,000 | 1,000 | — | — | |
| Depreciation and amortization expense | 182,000 | 219,000 | 214,000 | 187,000 | 167,000 | |
| Total costs and expenses | 8 | 9 | 10 | 9 | 8 | |
| INCOME BEFORE TAXES | 4 | 3 | 2 | 2 | 1 | |
| Income tax expense | 918,000 | 619,000 | 537,000 | 6 | 29,000 | |
| NET INCOME | 3 | 2 | 2 | 8 | 2 | |
| Basic (in Dollars per share) | 0.19 | 0.17 | 0.11 | 0.45 | 0.09 | |
| Diluted (in Dollars per share) | 0.19 | 0.17 | 0.1 | 0.45 | 0.09 | |
| Basic (in Shares) | 14 | 14 | 15 | 18 | 17 | |
| Diluted (in Shares) | 15 | 15 | 16 | 18 | 18 |
Consolidated Balance Sheet
| Concept | Trend | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 | FY 2020 2020-06-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 3 | 5 | 8 | 8 | 3 | |
| Short term investments | 5 | 0 | — | — | — | |
| Accounts receivable, less allowance for credit losses of $57 and $58, respectively | 1 | 1 | 2 | 911,000 | 965,000 | |
| Notes receivable, current | 68,000 | 105,000 | 172,000 | 901,000 | 546,000 | |
| Assets held for sale | 33,000 | 19,000 | 0 | — | 0 | |
| Deferred contract charges, current | 26,000 | 33,000 | 36,000 | 35,000 | 44,000 | |
| Prepaid expenses and other current assets | 167,000 | 204,000 | 146,000 | 196,000 | 174,000 | |
| Total current assets | 10 | 7 | 10 | 10 | 5 | |
| Property and equipment, net | 182,000 | 258,000 | 365,000 | 445,000 | 366,000 | |
| Operating lease right of use assets, net | 817,000 | 1 | 2 | 2 | 4 | |
| Intangible assets definite-lived, net | 252,000 | 328,000 | 232,000 | 183,000 | 155,000 | |
| Notes receivable, net of current portion | 79,000 | 28,000 | 201,000 | 52,000 | 449,000 | |
| Deferred tax asset, net | 5 | 5 | 6 | 0 | 0 | |
| Deferred contract charges, net of current portion | 197,000 | 220,000 | 224,000 | 207,000 | 231,000 | |
| Total assets | 16 | 14 | 19 | 13 | 10 | |
| Accounts payable - trade | 359,000 | 502,000 | 669,000 | 644,000 | 446,000 | |
| Accrued expenses | 915,000 | 890,000 | 1 | 924,000 | 775,000 | |
| Operating lease liabilities, current | 402,000 | 464,000 | 490,000 | 465,000 | 632,000 | |
| Deferred revenues, current | 343,000 | 342,000 | 538,000 | 626,000 | 254,000 | |
| Total current liabilities | 2 | 2 | 3 | 5 | 3 | |
| Operating lease liabilities, net of current portion | 555,000 | 958,000 | 1 | 2 | 3 | |
| Deferred revenues, net of current portion | 543,000 | 690,000 | 793,000 | 1 | 960,000 | |
| Total liabilities | 3 | 4 | 5 | 8 | 9 | |
| COMMITMENTS AND CONTINGENCIES (SEE NOTE I) | — | — | — | — | — | |
| Common stock, $0.01 par value; authorized 26,000,000 shares; issued 25,522,171 and 25,090,058 shares, respectively; outstanding 14,586,566 and 14,154,453 shares, respectively | 255,000 | 251,000 | 251,000 | 251,000 | 225,000 | |
| Additional paid-in capital | 38 | 38 | 37 | 37 | 34 | |
| Retained earnings | 5 | 2 | 826,000 | −7 | −9 | |
| Treasury stock, at cost Shares in treasury: 10,935,605 and 10,935,605 respectively | −30 | −30 | −25 | — | — | |
| Total shareholders' equity | 13 | 10 | 13 | 6 | 503,000 | |
| Total liabilities and shareholders' equity | 16 | 14 | 19 | 13 | 10 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Amortization of discount on short-term investment | −115,000 | −50,000 | 0 | — | — | |
| Impairment of long-lived assets and other lease charges | 0 | 0 | 5,000 | 6,000 | 21,000 | |
| Stock-based compensation expense | 136,000 | 149,000 | 345,000 | 169,000 | 80,000 | |
| Depreciation and amortization | 101,000 | 135,000 | 141,000 | 140,000 | 131,000 | |
| Amortization of operating lease right-of-use assets | 352,000 | 410,000 | 505,000 | 421,000 | 569,000 | |
| Amortization of definite-lived intangible assets | 81,000 | 84,000 | 73,000 | 47,000 | 36,000 | |
| Non-cash lease expense | 24,000 | 46,000 | 0 | — | — | |
| Deferred income tax | 761,000 | 586,000 | 430,000 | −6 | 0 | |
| Accounts receivable | 261,000 | −335,000 | 763,000 | −1 | 47,000 | |
| Notes receivable | 27,000 | −14,000 | 240,000 | 80,000 | −119,000 | |
| Deferred contract charges | 16,000 | 30,000 | 7,000 | −18,000 | 33,000 | |
| Prepaid expenses and other current assets | −168,000 | 37,000 | −58,000 | — | — | |
| Accounts payable - trade | −152,000 | −143,000 | −167,000 | 25,000 | 198,000 | |
| Accrued expenses | −60,000 | 25,000 | −272,000 | 158,000 | 149,000 | |
| Operating lease liabilities | −429,000 | −511,000 | −558,000 | −465,000 | −793,000 | |
| Deferred revenues | −121,000 | −146,000 | −299,000 | −465,000 | 582,000 | |
| Cash provided by operating activities | 3 | 3 | 3 | 1 | 1 | |
| Purchases of short-term investments | −14 | −10 | 0 | — | — | |
| Maturities of short-term investments | 12 | 5 | 0 | — | — | |
| Purchase of assets held for sale | −19,000 | 0 | 0 | — | — | |
| Proceeds from sale of assets held for sale | 14,000 | 3,000 | 7,000 | 0 | 1,000 | |
| Purchase of definite-lived intangible assets | −11,000 | −8,000 | −169,000 | −96,000 | −74,000 | |
| Purchase of property and equipment | −56,000 | −76,000 | −65,000 | −66,000 | −212,000 | |
| Cash used in investing activities | −2 | −5 | −227,000 | 338,000 | −238,000 | |
| Purchase of treasury stock | −1 | 0 | −5 | −512,000 | 0 | |
| Taxes paid on issuance of restricted stock units | −182,000 | −311,000 | 0 | — | — | |
| Payments on short-term loan | 0 | 0 | −30,000 | −220,000 | 250,000 | |
| Cash used in financing activities | −1 | −311,000 | −5 | −2 | 4 | |
| Net decrease in cash and cash equivalents | −27,000 | −2 | −2 | −607,000 | 5 | |
| Interest | 0 | 0 | 1,000 | 64,000 | 64,000 | |
| Income taxes (net of refunds) | 122,000 | 5,000 | 87,000 | 31,000 | 23,000 | |
| Operating lease right-of-use assets assumed through lease liabilities | 24,000 | 0 | 0 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is RAVE RESTAURANT GROUP, INC.'s CIK number?
RAVE RESTAURANT GROUP, INC.'s SEC CIK number is 0000718332 (718332). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find RAVE RESTAURANT GROUP, INC.'s SEC filings?
All of RAVE RESTAURANT GROUP, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did RAVE RESTAURANT GROUP, INC. last report earnings?
RAVE RESTAURANT GROUP, INC. (RAVE) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001140361-26-019448). This is RAVE RESTAURANT GROUP, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is RAVE RESTAURANT GROUP, INC.'s most recent earnings 8-K?
RAVE RESTAURANT GROUP, INC.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001140361-26-019448. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View RAVE RESTAURANT GROUP, INC.'s latest earnings 8-K →
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