Rave Restaurant Financials
Rave Restaurant (RAVE) reported $12.0M in revenue for fiscal year 2025. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Low reinvestment needs and shrinking liabilities show a small company increasingly monetizing a steady revenue base through cash, not scale.
From FY2022 to FY2025, revenue only moved from$10.7M to$12.0M . Over the same span, free cash flow rose from$1.3M to$3.3M , pointing to overhead discipline and low capital intensity rather than broad sales growth; the improvement is coming from better cash extraction, not a much larger operating footprint.
FY2025 net income of
Liabilities fell from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Rave Restaurant's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Rave Restaurant, and counted as zero in the overall score.
Rave Restaurant's revenue grew a modest 1.3% year-over-year to $12.0M. This slow but positive growth earns a score of 55/100.
Rave Restaurant carries a low D/E ratio of 0.17, meaning only $0.17 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 76/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 6.61, Rave Restaurant holds $6.61 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 93/100.
Rave Restaurant converts 27.7% of revenue into free cash flow ($3.3M). This strong cash generation earns a score of 90/100.
Not available for Rave Restaurant, and counted as zero in the overall score.
Rave Restaurant passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Rave Restaurant generates $1.26 in operating cash flow ($3.4M OCF vs $2.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Rave Restaurant generated $12.0M in revenue in fiscal year 2025.
Rave Restaurant reported $2.7M in net income in fiscal year 2025.
Rave Restaurant earned $0.19 per diluted share (EPS) in fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Rave Restaurant generated $3.3M in free cash flow in fiscal year 2025, representing cash available after capex.
Rave Restaurant held $2.9M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Rave Restaurant's net profit margin was 22.4% in fiscal year 2025, showing the share of revenue converted to profit.
Rave Restaurant's ROE was 19.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Rave Restaurant spent $1.2M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Rave Restaurant invested $56K in capex in fiscal year 2025, funding long-term assets and infrastructure.
Not reported for fiscal year 2025.
RAVE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY23 | FY22 | FY21 | FY20 | FY18 | FY17 | FY16 | FY15 | FY14 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.6M | $12.0M | $11.9M+11.2% | $10.7M+24.4% | $8.6M-14.3% | $10.0M | $15.1M-73.5% | $57.1M-6.1% | $60.8M+26.2% | $48.2M+14.2% | $42.2M | $43K-0.1% | $43K |
| Cost of Revenue | N/A | N/A | $0-100.0% | $1K-99.6% | $264K-39.9% | $439K | $3.7M | N/A | N/A | N/A | $36.3M | $36K+2.3% | $35K |
| Gross Profit | N/A | N/A | $11.9M+11.2% | $10.7M+28.4% | $8.3M-13.1% | $9.6M | $11.5M | N/A | N/A | N/A | $5.9M | $7K-10.5% | $8K |
| SG&A Expenses | $5.5M | $5.2M | $5.5M+0.8% | $5.4M+15.6% | $4.7M-14.4% | $5.5M | $7.6M-1.5% | $7.7M+6.4% | $7.2M+51.2% | $4.8M+9.6% | $4.4M | $4K+13.6% | $3K |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $802-60.7% | $2K |
| Interest Expense | N/A | $354K | $1K-98.4% | $61K-33.7% | $92K-3.2% | $95K | $183K+72.6% | $106K+2550.0% | $4K-96.5% | $113K-20.4% | $142K | $110+69.2% | $65 |
| Income Tax | $1.0M | $918K | $537K+109.5% | -$5.7M-19406.9% | -$29K-100.7% | $4.1M | -$3.3M-6367.9% | $53K-98.0% | $2.7M+504.9% | -$670K+11.8% | -$760K | $419-32.5% | $621 |
| Net Income | $2.9M | $2.7M | $1.6M-79.9% | $8.0M+427.8% | $1.5M+135.9% | -$4.2M | $1.9M+115.3% | -$12.5M-40.6% | -$8.9M-383.2% | -$1.8M-17.4% | -$1.6M | $322-76.3% | $1K |
| EPS (Diluted) | — | $0.19 | $0.10-77.8% | $0.45+400.0% | $0.09+132.1% | -$0.28 | $0.13+111.0% | -$1.18-42.2% | -$0.83 | -$0.18 | -$0.17 | -$0.01-105.9% | $0.17 |
Not reported in any period shown, so not listed: R&D Expenses.
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
No annual filing on record for: FY2013, FY2019, FY2024.
RAVE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY23 | FY22 | FY21 | FY20 | FY18 | FY17 | FY16 | FY15 | FY14 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $16.6M | $14.2M-23.1% | $18.5M+38.7% | $13.3M+37.5% | $9.7M | $11.0M+15.1% | $9.5M-48.4% | $18.5M-22.8% | $24.0M+50.1% | $16.0M | $12K+12.1% | $11K |
| Current Assets | $11.5M | $6.8M-32.1% | $10.1M-3.0% | $10.4M+110.3% | $4.9M | $4.7M-7.5% | $5.1M+10.5% | $4.6M-60.3% | $11.7M+24.8% | $9.4M | $7K-2.8% | $8K |
| Cash & Equivalents | $2.9M | $5.3M-31.0% | $7.7M-7.3% | $8.3M+180.6% | $3.0M | $1.4M+207.3% | $451K-48.3% | $873K-85.3% | $6.0M+113.1% | $2.8M | $590-37.8% | $949 |
| Inventory | N/A | N/A | N/A | N/A | $0 | $6K-92.4% | $79K-59.9% | $197K+9.4% | $180K-89.4% | $1.7M | $2K+1.3% | $2K |
| Accounts Receivable | $1.2M | $1.1M-42.2% | $2.0M+117.5% | $911K-5.6% | $965K | $1.5M-45.0% | $2.8M-0.7% | $2.8M-19.1% | $3.4M+4.9% | $3.3M | $3K-3.2% | $3K |
| Total Liabilities | $2.4M | $3.8M-24.6% | $5.1M-32.9% | $7.6M-17.3% | $9.2M | $4.7M-59.7% | $11.6M+27.7% | $9.1M+34.6% | $6.8M+18.1% | $5.7M | $6K+16.6% | $5K |
| Current Liabilities | $1.7M | $2.2M-23.9% | $2.9M-36.2% | $4.5M+80.2% | $2.5M | $2.0M-70.6% | $6.7M+22.6% | $5.5M+17.7% | $4.7M+23.3% | $3.8M | $4K+2.1% | $4K |
| Total Equity | $14.2M | $10.4M-22.5% | $13.4M+133.9% | $5.7M+1039.8% | $503K | $6.3M+403.0% | -$2.1M-122.1% | $9.4M-45.4% | $17.2M+68.0% | $10.2M | $6K+8.0% | $6K |
| Retained Earnings | $7.6M | $2.4M+195.3% | $826K+111.5% | -$7.2M+17.4% | -$8.7M | -$2.5M+43.4% | -$4.4M-154.5% | $8.1M-52.4% | $17.0M-9.8% | $18.8M | $22K+1.5% | $21K |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
No annual filing on record for: FY2013, FY2019, FY2024.
RAVE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY23 | FY22 | FY21 | FY20 | FY18 | FY17 | FY16 | FY15 | FY14 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.2M | $3.4M | $2.8M+105.3% | $1.4M-6.8% | $1.5M+512.5% | -$360K | -$3.9M+29.7% | -$5.5M-385.1% | $1.9M-1.6% | $2.0M+2736.0% | -$75K | $1K-25.3% | $2K |
| Capital Expenditures | $61K | $56K | $65K-1.5% | $66K-68.9% | $212K+278.6% | $56K | $1.1M | N/A | N/A | N/A | N/A | -$2K+33.1% | -$2K |
| Free Cash Flow | $3.2M | $3.3M | $2.8M+110.6% | $1.3M+3.5% | $1.3M+406.0% | -$416K | -$5.0M | N/A | N/A | N/A | N/A | -$1K-341.1% | -$297 |
| Investing Cash Flow | -$2.8M | -$2.0M | -$227K-167.2% | $338K+242.0% | -$238K-455.2% | $67K | $708K+66.2% | $426K+105.6% | -$7.7M-14.0% | -$6.7M-242.9% | -$2.0M | -$2K-33.1% | -$2K |
| Financing Cash Flow | N/A | -$1.4M | -$5.0M-115.1% | -$2.3M-160.0% | $3.9M+288.4% | $999K | $4.1M-12.1% | $4.7M+442.7% | $866K-89.1% | $7.9M+102.1% | $3.9M | $951+96.1% | $485 |
| Share Buybacks | N/A | $1.2M | $5.0M+872.5% | $512K | $0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
No annual filing on record for: FY2013, FY2019, FY2024.
RAVE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY23 | FY22 | FY21 | FY20 | FY18 | FY17 | FY16 | FY15 | FY14 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | 100.0%0.0pp | 100.0%+3.1pp | 96.9%+1.3pp | 95.6% | 75.8% | N/A | N/A | N/A | 14.0% | 16.7%-1.9pp | 18.6% |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.9%-2.9pp | 4.7% |
| Net Margin | 22.4% | 13.6%-61.5pp | 75.0%+57.3pp | 17.7%+59.9pp | -42.2% | 12.7%+34.5pp | -21.9%-7.3pp | -14.6%-10.8pp | -3.8%-0.1pp | -3.7% | 0.8%-2.4pp | 3.1% |
| Return on Equity | 19.1% | 15.5%-44.3pp | 59.8%+33.3pp | 26.5%+868.1pp | -841.5% | 30.3% | N/A | -94.5%-83.8pp | -10.7%+4.6pp | -15.3% | 5.1%-18.1pp | 23.2% |
| Return on Assets | 16.3% | 11.3%-32.0pp | 43.3%+31.9pp | 11.4%+55.0pp | -43.6% | 17.4%+148.3pp | -130.8%-82.8pp | -48.0%-40.4pp | -7.7%+2.1pp | -9.8% | 2.6%-9.6pp | 12.2% |
| Current Ratio | 6.61 | 3.11-0.4x | 3.48+1.2x | 2.29+0.3x | 1.96 | 2.39+1.6x | 0.76-0.1x | 0.84-1.7x | 2.500.0x | 2.47 | 1.71-0.1x | 1.79 |
| Debt-to-Equity | 0.17 | 0.370.0x | 0.38-0.9x | 1.33-17.0x | 18.29 | 0.74 | N/A | 0.97+0.6x | 0.39-0.2x | 0.56 | 0.98+0.1x | 0.91 |
| FCF Margin | 27.7% | 23.4%+11.0pp | 12.3%-2.5pp | 14.8%+19.0pp | -4.2% | -33.0% | N/A | N/A | N/A | N/A | -3.0%-2.4pp | -0.7% |
No annual filing on record for: FY2013, FY2019, FY2024.
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Where Rave Restaurant Ranks
Frequently Asked Questions
What is Rave Restaurant's annual revenue?
Rave Restaurant (RAVE) reported $12.0M in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Rave Restaurant profitable?
Yes, Rave Restaurant (RAVE) reported a net income of $2.7M in fiscal year 2025, with a net profit margin of 22.4%.
What is Rave Restaurant's net profit margin?
Rave Restaurant (RAVE) had a net profit margin of 22.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Rave Restaurant's return on equity (ROE)?
Rave Restaurant (RAVE) has a return on equity of 19.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Rave Restaurant's free cash flow?
Rave Restaurant (RAVE) generated $3.3M in free cash flow during fiscal year 2025. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Rave Restaurant's operating cash flow?
Rave Restaurant (RAVE) generated $3.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Rave Restaurant's total assets?
Rave Restaurant (RAVE) had $16.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Rave Restaurant's capital expenditures?
Rave Restaurant (RAVE) invested $56K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Rave Restaurant's current ratio?
Rave Restaurant (RAVE) had a current ratio of 6.61 as of fiscal year 2025, which is generally considered healthy.
What is Rave Restaurant's debt-to-equity ratio?
Rave Restaurant (RAVE) had a debt-to-equity ratio of 0.17 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Rave Restaurant's return on assets (ROA)?
Rave Restaurant (RAVE) had a return on assets of 16.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Rave Restaurant's Piotroski F-Score?
Rave Restaurant (RAVE) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Rave Restaurant's earnings high quality?
Rave Restaurant (RAVE) has an earnings quality ratio of 1.26x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Rave Restaurant?
Rave Restaurant (RAVE) scores 52 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.