RCI HOSPITALITY HOLDINGS, INC.

Listed Company

RICKCIK 0000935419NasdaqAcceleratedRetail-Eating PlacesTexasFY ends Sep 30

Period

FY 2025

Revenue

$279.43M

Net Income

$10.81M

Total Assets

$596.93M

Equity

$261.10M

Shares Out

7.71M

Op. Cash Flow

$49.42M

Business

RCI Hospitality Holdings, Inc. is a holding company that, through subsidiaries, operates live adult entertainment venues and themed restaurant and bar concepts offering dining, drinking and entertainment experiences. It generates revenue from alcoholic beverages, food, merchandise, cover charges, room rentals, ATM and vending fees, licensing, and through its media and branded product distribution. Its reportable segments are Nightclubs (multiple branded adult clubs), Bombshells (military‑themed restaurant and bar chain) and Other (Media Group and Drink Robust). The company operates dozens of locations across multiple U.S. states and distributes services via onsite venues, national industry publications, trade shows, websites and licensed product sales.

Summary from filing dated 2024-12-16

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Total revenues	279	296	294	268	195
Total cost of goods sold (exclusive of items shown separately below)	37	41	39	36	30
Salaries and wages	84	84	80	68	51
Selling, general, and administrative	108	100	93	79	55
Depreciation and amortization	15	15	15	12	8
Impairments and other charges, net	6	37	16	467,000	—
Total operating expenses	249	277	242	196	157
Income from operations	30	19	51	71	39
Interest expense	−16	−17	−16	−12	—
Interest income	565,000	482,000	388,000	411,000	253,000
Gain on lease termination and other, net	968,000	0	0	—	—
Income before income taxes	15	3	36	60	34
Income tax expense (benefit)	5	−410,000	7	14	4
Net income	11	3	29	46	30
Net loss (income) attributable to noncontrolling interests	−28,000	−7,000	146,000	−19,000	186,000
Net income attributable to RCIHH common stockholders	11	3	29	46	30
Basic (in dollars per share)	1.23	0.33	3.13	4.91	3.37
Diluted (in dollars per share)	1.23	0.33	3.13	4.91	3.37
Basic (in shares)	9	9	9	9	9
Diluted (in shares)	9	9	9	9	9

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2024 2024-05-31	FY 2023 2023-09-30	FY 2022 2022-09-30
Cash and cash equivalents	34	32	—	21	36
Receivables, net	4	6	—	10	—
Inventories	5	5	—	4	4
Prepaid expenses and other current assets	5	4	—	2	1
Assets held for sale	3	0	—	—	—
Total current assets	51	47	—	37	51
Property and equipment, net	279	280	2	283	225
Operating lease right-of-use assets, net	26	26	—	35	37
Notes receivable, net of current portion	4	4	—	4	5
Goodwill	63	62	—	71	68
Intangibles, net	172	163	—	179	144
Other assets	3	1	—	1	1
Total assets	597	584	—	611	531
Accounts payable	6	6	—	6	5
Accrued liabilities	33	20	—	16	11
Current portion of debt obligations, net	21	19	—	23	12
Current portion of operating lease liabilities	3	3	—	3	3
Total current liabilities	63	48	—	48	32
Deferred tax liability, net	22	23	—	29	31
Debt, net of current portion and debt discount and issuance costs	215	219	—	217	191
Operating lease liabilities, net of current portion	27	31	—	35	36
Other long-term liabilities	10	398,000	—	352,000	349,000
Total liabilities	336	321	—	330	289
Commitments and contingencies (Note 11)	—	—	—	—	—
Preferred stock, $0.10 par value per share; 1,000,000 shares authorized; none issued and outstanding	0	0	—	0	0
Common stock, $0.01 par value per share; 20,000,000 shares authorized; 8,684,061 shares and 8,955,000 shares issued and outstanding as of September 30, 2025, and 2024, respectively	87,000	90,000	—	94,000	92,000
Additional paid-in capital	51	62	—	80	67
Retained earnings	210	202	—	201	174
Total RCIHH stockholders equity	261	263	—	282	241
Noncontrolling interests	−222,000	−250,000	—	−257,000	489,000
Total equity	261	263	—	281	242
Total liabilities and equity	597	584	—	611	531

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation and amortization	15	15	15	12	8
Deferred income tax benefit	−1	−6	−2	3	−1
Gain on sale of businesses and assets	−1	−2	−870,000	−3	−714,000
Impairment of assets	5	39	13	2	14
Amortization and writeoff of debt discount and issuance costs	549,000	608,000	615,000	314,000	311,000
Credit loss expense on notes receivable	42,000	0	0	753,000	−80,000
Gain on insurance	−2	−522,000	−77,000	−463,000	—
Noncash lease expense	3	3	3	3	2
Stock-based compensation expense	1	2	3	2	0
Receivables	2	4	−2	−175,000	−769,000
Inventories	−20,000	−309,000	177,000	−554,000	−287,000
Prepaid expenses, other current, and other assets	−1	−2	−366,000	387,000	4
Accounts payable, accrued, and other liabilities	17	1	1	−1	−7
Net cash provided by operating activities	49	56	59	65	42
Proceeds from sale of businesses and assets	1	2	4	11	5
Proceeds from notes receivable	292,000	249,000	229,000	182,000	130,000
Proceeds from insurance	2	1	86,000	648,000	1
Payments for property and equipment and intangible assets	−15	−25	−40	−24	—
Acquisition of businesses, net of cash acquired	−13	0	−29	−55	0
Net cash used in investing activities	−24	−21	−65	−68	−7
Proceeds from debt obligations, including related party proceeds of $200, $0, and $0, respectively	11	23	12	36	38
Payments on debt obligations, including related party payments of $500, $0, and $0, respectively	−21	−23	−16	−15	−49
Purchase of treasury stock	−12	−21	−2	−15	−2
Payment of dividends	−2	−2	−2	−2	−1
Payment of loan origination costs	−80,000	−290,000	−239,000	−463,000	−1
Share in return of investment by noncontrolling partner	0	0	−600,000	0	0
Net cash used in financing activities	−24	−24	−9	4	−15
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	1	11	−15	294,000	20

Filings

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