Rave Restaurant Group, Inc. (RAVE) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-K for FY2026, filed Sep 24, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the RAVE SEC filings page.
Rave Restaurant Group, Inc. (RAVE) reported $12.9M in revenue for fiscal year 2026, up 7.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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).
Rave operates with unusually light reinvestment needs: stable operating margins convert most earnings into cash while liabilities shrink.
From FY2025 to FY2026, revenue increased7.2% while operating margin stayed nearly unchanged at26.9% , showing that growth did not require sacrificing reported profitability. Meanwhile, SG&A rose12.7% , yet operating income still increased, suggesting the added overhead was absorbed without altering the business's profit structure.
Cash conversion was favorable in FY2026: operating cash flow of
Balance-sheet leverage continued to recede: liabilities fell
Financial Health Signals
Scored against operating companies for FY2026. 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 Group, Inc.'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.
Rave Restaurant Group, Inc. has an operating margin of 26.9%, meaning the company retains $27 of operating profit per $100 of revenue. This strong profitability earns a score of 96/100, reflecting efficient cost management and pricing power. This is down from 27.0% the prior year.
Rave Restaurant Group, Inc.'s revenue grew 7.2% year-over-year to $12.9M, a solid pace of expansion. This earns a growth score of 46/100.
Rave Restaurant Group, Inc. carries a low D/E ratio of 0.13, meaning only $0.13 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 79/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 9.31, Rave Restaurant Group, Inc. holds $9.31 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 97/100.
Rave Restaurant Group, Inc. converts 27.1% of revenue into free cash flow ($3.5M). This strong cash generation earns a score of 92/100.
Rave Restaurant Group, Inc. earns a strong 16.6% return on equity (ROE), meaning it generates $17 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 92/100. This is down from 19.1% the prior year.
Rave Restaurant Group, Inc. scores 11.75, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($32.7M) relative to total liabilities ($2.2M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Rave Restaurant Group, Inc. passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Rave Restaurant Group, Inc. generates $1.23 in operating cash flow ($3.6M OCF vs $2.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Rave Restaurant Group, Inc. generated $3.4M in revenue in Q4 2026. This represents an increase of 8.8% from the same quarter a year earlier. Against the prior quarter it is up 6.5%.
Rave Restaurant Group, Inc.'s EBITDA was $1.1M in Q4 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 8.4% from the same quarter a year earlier. Against the prior quarter it is up 6.5%.
Rave Restaurant Group, Inc. reported $796K in net income in Q4 2026. This represents a decrease of 6.0% from the same quarter a year earlier. Against the prior quarter it is down 0.5%.
Rave Restaurant Group, Inc. earned $0.05 per diluted share (EPS) in Q4 2026. This represents a decrease of 16.7% from the same quarter a year earlier. Against the prior quarter it is down 16.7%.
Cash & Balance Sheet
Rave Restaurant Group, Inc. generated $1.5M in free cash flow in Q4 2026, representing cash available after capex. This represents an increase of 27.2% from the same quarter a year earlier. Against the prior quarter it is up 36.1%.
Rave Restaurant Group, Inc. held $1.1M in cash as of Q4 2026; long-term debt is not reported for that period.
Not reported for Q4 2026.
Margins & Returns
Rave Restaurant Group, Inc.'s operating margin was 29.8% in Q4 2026, reflecting core business profitability. This is down 5.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.
Rave Restaurant Group, Inc.'s net profit margin was 23.2% in Q4 2026, showing the share of revenue converted to profit. This is down 3.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.6 percentage points.
Rave Restaurant Group, Inc.'s ROE was 4.6% in Q4 2026, measuring profit generated per dollar of shareholder equity. This is down 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.3 percentage points.
Not reported for Q4 2026.
Capital Allocation
Rave Restaurant Group, Inc. repurchased no shares in Q4 2026. This represents a decrease of 100.0% from the same quarter a year earlier.
Rave Restaurant Group, Inc. reported no capital expenditure in Q4 2026. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is down 100.0%.
Not reported for Q4 2026.
RAVE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.4M+8.8% | $3.2M+8.7% | $3.0M+6.0% | $3.2M+5.3% | $3.2M | $3.0M+0.1% | $2.9M+4.5% | $3.0M-1.2% |
| SG&A Expenses | $1.5M+29.1% | $1.5M+11.8% | $1.5M+15.6% | $1.4M-3.0% | $1.2M | $1.3M+3.2% | $1.3M-2.0% | $1.4M+7.7% |
| Operating Income | $1.0M-8.6% | $957K+11.9% | $742K+11.7% | $752K+23.5% | $1.1M | $855K | $664K | $609K |
| EBITDA | $1.1M-8.4% | $999K+11.1% | $784K+9.3% | $794K+21.8% | $1.2M | $899K | $717K | $652K |
| Interest Expense | N/A | $95K+23.4% | $86K-1.1% | N/A | $108K | $77K+71.1% | $87K | $82K |
| Income Tax | $340K-9.8% | $255K+11.8% | $205K+42.4% | $206K+21.9% | $377K | $228K+14.0% | $144K+1207.7% | $169K+28.0% |
| Net Income | $796K-6.0% | $800K+10.8% | $637K+4.9% | $645K+22.6% | $847K | $722K+10.4% | $607K+9.8% | $526K+36.3% |
| EPS (Basic) | $0.05-16.7% | $0.06+20.0% | $0.040.0% | $0.05+25.0% | $0.060.0% | $0.05+25.0% | $0.040.0% | $0.04+33.3% |
| EPS (Diluted) | $0.05-16.7% | $0.06+20.0% | $0.040.0% | $0.05+25.0% | $0.060.0% | $0.05+25.0% | $0.040.0% | $0.04+33.3% |
| Diluted Shares (Avg) | N/A | 14M-1.6% | 14M-3.0% | 14M-3.5% | N/A | 15M-1.4% | 15M+1.7% | 15M+0.3% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
RAVE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $19.5M+18.0% | $18.6M+18.3% | $17.5M+8.9% | $17.0M+4.4% | $16.6M+4.7% | $15.7M+5.0% | $16.1M+13.8% | $16.3M+10.6% |
| Current Assets | $15.8M+37.2% | $14.4M+40.1% | $13.0M+25.6% | $12.2M+19.2% | $11.5M+20.5% | $10.2M+24.8% | $10.4M+45.7% | $10.3M+35.1% |
| Cash & Equivalents | $1.1M-60.7% | $1.1M+56.0% | $624K-78.3% | $1.4M+1.0% | $2.9M-0.9% | $734K-88.4% | $2.9M-45.9% | $1.4M-76.7% |
| Short-Term Investments | $12.5M+77.8% | $10.9M+35.9% | $10.3M+70.0% | $9.2M+29.9% | $7.0M+42.0% | $8.0M | $6.0M | $7.0M |
| Accounts Receivable | $1.4M+23.5% | $1.7M+36.9% | $1.3M+18.9% | $1.1M-20.8% | $1.2M-17.0% | $1.2M-8.7% | $1.1M-6.5% | $1.4M+27.3% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.2M-8.2% | $2.1M-9.7% | $2.0M-13.9% | $2.2M-27.3% | $2.4M-22.9% | $2.4M-25.1% | $2.3M-23.6% | $3.0M-23.0% |
| Current Liabilities | $1.7M-2.7% | $1.7M+5.7% | $1.5M+6.3% | $1.6M-19.2% | $1.7M-13.8% | $1.6M-18.8% | $1.4M-15.1% | $2.0M-17.5% |
| Non-Current Liabilities | $513K-22.6% | $470K-40.4% | $481K-46.3% | $553K-43.9% | $663K-39.6% | $788K-35.3% | $896K-34.2% | $986K-32.0% |
| Total Equity | $17.3M+22.4% | $16.4M+23.2% | $15.5M+12.8% | $14.8M+11.5% | $14.2M+11.4% | $13.3M+13.1% | $13.8M+24.1% | $13.3M+22.5% |
| Retained Earnings | $10.5M+37.8% | $9.7M+43.3% | $8.9M+47.2% | $8.3M+51.9% | $7.6M+55.0% | $6.8M+67.8% | $6.0M+79.0% | $5.4M+92.5% |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.5M+25.9% | $1.1M+18.2% | $306K-57.0% | $608K+14.7% | $1.2M | $961K-6.3% | $711K+320.1% | $530K-15.6% |
| Depreciation & Amortization | $41K-2.4% | $42K-4.5% | $42K-20.8% | $42K-2.3% | $42K | $44K-24.1% | $53K-7.0% | $43K-21.8% |
| Stock-Based Compensation | N/A | $111K+113.5% | $62K+17.0% | $38K-47.9% | N/A | $52K | $53K | $73K-7.6% |
| Capital Expenditures | $0-100.0% | $32K | $9K-79.5% | $8K | $12K | $0-100.0% | $44K+175.0% | $0-100.0% |
| Free Cash Flow | $1.5M+27.2% | $1.1M+14.9% | $297K-55.5% | $600K+13.2% | $1.2M | $961K-3.5% | $667K+296.8% | $530K-12.5% |
| Investing Cash Flow | -$1.5M-263.7% | -$615K+67.5% | -$1.1M-212.5% | -$2.1M-1.8% | $931K | -$1.9M-13421.4% | $959K+24075.0% | -$2.0M-16841.7% |
| Financing Cash Flow | $0-100.0% | $0+100.0% | N/A | N/A | $1K | -$1.2M | N/A | N/A |
| Share Buybacks | $0-100.0% | N/A | N/A | N/A | -$1K | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
RAVE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 29.8%-5.7pp | 29.7%+0.9pp | 24.4%+1.3pp | 23.4%+3.4pp | 35.5% | 28.8% | 23.1% | 20.0% |
| Net Margin | 23.2%-3.7pp | 24.8%+0.5pp | 20.9%-0.2pp | 20.1%+2.8pp | 26.9% | 24.3%+2.3pp | 21.2%+1.0pp | 17.3%+4.7pp |
| Return on Equity | 4.6%-1.4pp | 4.9%-0.6pp | 4.1%-0.3pp | 4.3%+0.4pp | 6.0% | 5.4%-0.1pp | 4.4%-0.6pp | 4.0%+0.4pp |
| Return on Assets | 4.1%-1.1pp | 4.3%-0.3pp | 3.6%-0.1pp | 3.8%+0.6pp | 5.1% | 4.6%+0.2pp | 3.8%-0.1pp | 3.2%+0.6pp |
| Current Ratio | 9.31+2.7x | 8.63+2.1x | 8.50+1.3x | 7.57+2.4x | 6.61+1.9x | 6.51+2.3x | 7.19+3.0x | 5.13+2.0x |
| Debt-to-Equity | 0.130.0x | 0.130.0x | 0.130.0x | 0.15-0.1x | 0.17-0.1x | 0.18-0.1x | 0.17-0.1x | 0.22-0.1x |
| Asset Turnover | 0.180.0x | 0.170.0x | 0.170.0x | 0.190.0x | 0.19 | 0.190.0x | 0.180.0x | 0.190.0x |
| FCF Margin | 43.8%+6.3pp | 34.3%+1.9pp | 9.8%-13.5pp | 18.7%+1.3pp | 37.4% | 32.4%-1.2pp | 23.3%+35.6pp | 17.4%-2.2pp |
Not reported in any period shown, so not listed: Gross Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Rave Restaurant Group, Inc. RAVE | FY2026 | $12.9M | $2.9M | 22.3% | $32.7M | 84/100 |
| Flanigan's Enterprises Inc BDL | FY2025 | $205.2M | $5.0M | 2.5% | $87.0M | 59/100 |
| FAT Brands Inc. FATBB | FY2024 | $592.7M | -$189.8M | -32.0% | $15.9M | 24/100 |
| FAT Brands Inc. FAT | FY2024 | $592.7M | -$189.8M | -32.0% | $2.9M | 24/100 |
| Noodles & Company NDLS | FY2025 | $495.1M | -$42.6M | -8.6% | $84.8M | 19/100 |
| Ark Restaurants Corp ARKR | FY2025 | $165.8M | -$11.5M | -6.9% | $16.1M | 36/100 |
Where Rave Restaurant Group, Inc. Ranks
Frequently Asked Questions
What is Rave Restaurant Group, Inc.'s annual revenue?
Rave Restaurant Group, Inc. (RAVE) reported $12.9M in total revenue for fiscal year 2026. This represents a 7.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Rave Restaurant Group, Inc.'s revenue growing?
Rave Restaurant Group, Inc. (RAVE) revenue grew by 7.2% year-over-year, from $12.0M to $12.9M in fiscal year 2026.
Is Rave Restaurant Group, Inc. profitable?
Yes, Rave Restaurant Group, Inc. (RAVE) reported a net income of $2.9M in fiscal year 2026, with a net profit margin of 22.3%.
What is Rave Restaurant Group, Inc.'s EBITDA?
Rave Restaurant Group, Inc. (RAVE) had EBITDA of $3.6M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is Rave Restaurant Group, Inc.'s operating margin?
Rave Restaurant Group, Inc. (RAVE) had an operating margin of 26.9% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Rave Restaurant Group, Inc.'s net profit margin?
Rave Restaurant Group, Inc. (RAVE) had a net profit margin of 22.3% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Rave Restaurant Group, Inc.'s return on equity (ROE)?
Rave Restaurant Group, Inc. (RAVE) has a return on equity of 16.6% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Rave Restaurant Group, Inc.'s free cash flow?
Rave Restaurant Group, Inc. (RAVE) generated $3.5M in free cash flow during fiscal year 2026. This represents a 4.9% change compared to the previous fiscal year. 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 Group, Inc.'s operating cash flow?
Rave Restaurant Group, Inc. (RAVE) generated $3.6M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Rave Restaurant Group, Inc.'s total assets?
Rave Restaurant Group, Inc. (RAVE) had $19.5M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Rave Restaurant Group, Inc.'s capital expenditures?
Rave Restaurant Group, Inc. (RAVE) invested $49K in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Rave Restaurant Group, Inc.'s current ratio?
Rave Restaurant Group, Inc. (RAVE) had a current ratio of 9.31 as of fiscal year 2026, which is generally considered healthy.
What is Rave Restaurant Group, Inc.'s debt-to-equity ratio?
Rave Restaurant Group, Inc. (RAVE) had a debt-to-equity ratio of 0.13 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Rave Restaurant Group, Inc.'s return on assets (ROA)?
Rave Restaurant Group, Inc. (RAVE) had a return on assets of 14.7% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Rave Restaurant Group, Inc.'s P/E ratio?
Rave Restaurant Group, Inc. (RAVE) trades at 11.4x earnings, its market capitalization divided by net income of $2.9M net income, FY2026. The market capitalization is $32.7M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Rave Restaurant Group, Inc.'s price-to-sales ratio?
Rave Restaurant Group, Inc. (RAVE) trades at 2.5x sales, its market capitalization divided by revenue of $12.9M revenue, FY2026. The market capitalization is $32.7M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Rave Restaurant Group, Inc.'s Altman Z-Score?
Rave Restaurant Group, Inc. (RAVE) has an Altman Z-Score of 11.75, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Rave Restaurant Group, Inc.'s Piotroski F-Score?
Rave Restaurant Group, Inc. (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 Group, Inc.'s earnings high quality?
Rave Restaurant Group, Inc. (RAVE) has an earnings quality ratio of 1.23x, 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 Group, Inc.?
Rave Restaurant Group, Inc. (RAVE) scores 84 out of 100 on our Financial Health Score, indicating strong 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.