Red Robin Gourmet Burgers Inc Financials

RRGB

Source SEC Filings (10-K/10-Q) Updated Oct 5, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 4/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Red Robin Gourmet Burgers Inc has an operating margin of -4.3%, meaning the company retains $-4 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 0.4% the prior year.

Growth

Red Robin Gourmet Burgers Inc's revenue declined 4.2% year-over-year, from $1.3B to $1.2B. This contraction results in a growth score of 17/100.

Liquidity

Red Robin Gourmet Burgers Inc's current ratio of 0.52 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 1/100, which could limit financial flexibility.

Cash Flow

While Red Robin Gourmet Burgers Inc generated $7.0M in operating cash flow, capex of $26.0M consumed most of it, leaving -$19.0M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Neutral

4/9

Red Robin Gourmet Burgers Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-0.09x

For every $1 of reported earnings, Red Robin Gourmet Burgers Inc generates $-0.09 in operating cash flow ($7.0M OCF vs -$77.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

This page shows Red Robin Gourmet Burgers Inc (RRGB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).

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Key Financial Metrics

Revenue

$1.2B

YoY-4.2%

5Y CAGR-1.0%

10Y CAGR+0.9%

Red Robin Gourmet Burgers Inc generated $1.2B in revenue in fiscal year 2024. This represents a decrease of 4.2% from the prior year.

EBITDA

$4.6M

YoY-93.4%

5Y CAGR-43.2%

10Y CAGR-27.1%

Red Robin Gourmet Burgers Inc's EBITDA was $4.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 93.4% from the prior year.

Free Cash Flow

-$19.0M

YoY+62.5%

Red Robin Gourmet Burgers Inc generated -$19.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 62.5% from the prior year.

Net Income

-$77.5M

YoY-265.3%

Red Robin Gourmet Burgers Inc reported -$77.5M in net income in fiscal year 2024. This represents a decrease of 265.3% from the prior year.

EPS (Diluted)

$-4.93

YoY-267.9%

Red Robin Gourmet Burgers Inc earned $-4.93 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 267.9% from the prior year.

Cash & Debt

$30.7M

YoY+29.7%

5Y CAGR+0.4%

10Y CAGR+3.2%

Red Robin Gourmet Burgers Inc held $30.7M in cash against $181.6M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

17M

YoY+12.1%

5Y CAGR+6.1%

10Y CAGR+2.2%

Red Robin Gourmet Burgers Inc had 17M shares outstanding in fiscal year 2024. This represents an increase of 12.1% from the prior year.

Gross Margin

N/A

Operating Margin

-4.3%

YoY-4.6pp

5Y CAGR-3.3pp

10Y CAGR-8.2pp

Red Robin Gourmet Burgers Inc's operating margin was -4.3% in fiscal year 2024, reflecting core business profitability. This is down 4.6 percentage points from the prior year.

Net Margin

-6.2%

YoY-4.6pp

5Y CAGR-5.6pp

10Y CAGR-9.0pp

Red Robin Gourmet Burgers Inc's net profit margin was -6.2% in fiscal year 2024, showing the share of revenue converted to profit. This is down 4.6 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

YoY-100.0%

Red Robin Gourmet Burgers Inc spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.

Capital Expenditures

$26.0M

YoY-47.3%

Red Robin Gourmet Burgers Inc invested $26.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 47.3% from the prior year.

RRGB Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$1.2B-4.2%	$1.3B+3.0%	$1.3B+8.9%	$1.2B+33.7%	$868.7M-33.9%	$1.3B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$118.4M-4.6%	$124.1M-9.1%	$136.6M+11.3%	$122.7M+14.9%	$106.8M-31.5%	$156.0M
Operating Income	-$53.1M-1268.7%	$4.5M+107.9%	-$57.5M-54.8%	-$37.1M+86.5%	-$275.1M-1996.0%	-$13.1M
Interest Expense	N/A	N/A	$20.6M+45.6%	$14.2M+39.5%	$10.2M-0.1%	$10.2M
Income Tax	-$90K-129.0%	$310K-58.5%	$747K+591.4%	-$152K+98.0%	-$7.5M+47.8%	-$14.3M
Net Income	-$77.5M-265.3%	-$21.2M+73.1%	-$78.9M-56.4%	-$50.4M+81.7%	-$276.1M-3393.2%	-$7.9M
EPS (Diluted)	$-4.93-267.9%	$-1.34+73.1%	$-4.98-54.7%	$-3.22+83.3%	$-19.29-3062.3%	$-0.61

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$265.1M-6.5%	$283.7M-27.7%	$392.4M+37.6%	$285.2M-5.0%	$300.2M-22.7%	$388.5M+25.7%	$309.0M+11.3%	$277.6M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$16.9M-2.9%	$17.4M-35.5%	$27.0M+11.9%	$24.1M-15.9%	$28.7M-27.3%	$39.4M+13.2%	$34.8M+24.4%	$28.0M
Operating Income	-$12.1M-223.4%	$9.8M+8.3%	$9.1M+127.0%	-$33.5M-635.2%	-$4.6M-116.1%	-$2.1M+73.5%	-$8.0M-310.6%	-$1.9M
Interest Expense	$6.0M	N/A	N/A	$6.3M	N/A	N/A	N/A	N/A
Income Tax	$273K+381.4%	-$97K-3133.3%	-$3K+97.7%	-$133K-232.5%	-$40K-122.1%	$181K+225.7%	-$144K-151.8%	$278K
Net Income	-$18.4M-561.3%	$4.0M+219.7%	$1.2M+103.1%	-$39.7M-318.5%	-$9.5M-0.3%	-$9.5M+31.1%	-$13.7M-68.3%	-$8.2M
EPS (Diluted)	$-1.03-590.5%	$0.21+200.0%	$0.07+102.8%	$-2.51-311.5%	$-0.610.0%	$-0.61+29.1%	$-0.86-65.4%	$-0.52

RRGB Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$641.3M-13.6%	$741.9M-10.8%	$832.1M-10.4%	$929.0M-4.7%	$974.7M-21.2%	$1.2B
Current Assets	$99.4M+8.3%	$91.8M-23.2%	$119.6M+17.1%	$102.2M+17.5%	$86.9M-17.6%	$105.5M
Cash & Equivalents	$30.7M+29.7%	$23.6M-51.6%	$48.8M+114.6%	$22.8M+41.2%	$16.1M-46.4%	$30.0M
Inventory	$26.7M-0.4%	$26.8M+1.5%	$26.4M+4.9%	$25.2M+6.0%	$23.8M-9.9%	$26.4M
Accounts Receivable	$19.7M-8.8%	$21.6M-1.8%	$22.0M+2.8%	$21.4M+29.6%	$16.5M-26.2%	$22.4M
Goodwill	N/A	N/A	N/A	N/A	$0-100.0%	$96.4M
Total Liabilities	$725.6M-4.8%	$762.4M-8.2%	$830.4M-2.5%	$852.0M-0.2%	$854.0M-2.6%	$877.1M
Current Liabilities	$189.6M+1.7%	$186.3M-15.4%	$220.2M-1.4%	$223.3M+10.2%	$202.6M+4.1%	$194.6M
Long-Term Debt	$181.6M-0.5%	$182.6M-10.1%	$203.2M+21.5%	$167.3M+3.9%	$161.0M-22.2%	$206.9M
Total Equity	-$84.3M-312.2%	-$20.4M-1242.6%	$1.8M-97.6%	$74.5M-37.2%	$118.7M-67.1%	$360.5M
Retained Earnings	-$153.0M-102.8%	-$75.4M-39.2%	-$54.2M-299.3%	$27.2M-64.8%	$77.2M-78.1%	$353.3M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$574.2M-2.2%	$586.9M-3.2%	$606.2M-5.5%	$641.3M-6.9%	$689.1M-3.9%	$717.1M-3.3%	$741.9M-4.6%	$777.3M
Current Assets	$79.9M-5.6%	$84.7M-1.8%	$86.2M-13.3%	$99.4M+17.2%	$84.9M-9.0%	$93.3M+1.6%	$91.8M-18.8%	$113.1M
Cash & Equivalents	$21.7M-11.1%	$24.4M+0.9%	$24.1M-21.2%	$30.7M+32.5%	$23.1M-24.4%	$30.6M+29.4%	$23.6M-51.3%	$48.5M
Inventory	$26.2M-0.5%	$26.3M-2.7%	$27.0M+1.0%	$26.7M-1.9%	$27.3M+0.4%	$27.1M+1.1%	$26.8M-0.6%	$27.0M
Accounts Receivable	N/A	N/A	$13.1M-33.5%	$19.7M+56.0%	$12.6M-9.5%	$13.9M-35.4%	$21.6M+82.7%	$11.8M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$670.3M+0.7%	$665.6M-3.1%	$686.6M-5.4%	$725.6M0.0%	$725.7M-2.7%	$746.2M-2.1%	$762.4M-3.0%	$786.1M
Current Liabilities	$185.6M+0.3%	$185.0M-0.3%	$185.5M-2.1%	$189.6M-0.1%	$189.7M-4.0%	$197.6M+6.1%	$186.3M-8.9%	$204.4M
Long-Term Debt	$172.4M+5.7%	$163.1M-1.1%	$164.8M-9.3%	$181.6M+11.9%	$162.3M+0.2%	$162.0M-11.3%	$182.6M+0.2%	$182.1M
Total Equity	-$96.1M-22.2%	-$78.6M+2.2%	-$80.4M+4.6%	-$84.3M-130.6%	-$36.5M-25.6%	-$29.1M-42.4%	-$20.4M-133.8%	-$8.7M
Retained Earnings	-$166.1M-12.5%	-$147.7M+2.6%	-$151.7M+0.8%	-$153.0M-62.1%	-$94.4M-11.2%	-$84.9M-12.5%	-$75.4M-22.3%	-$61.7M

RRGB Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$7.0M+709.1%	-$1.2M-103.3%	$35.5M-24.9%	$47.3M+133.7%	$20.2M-65.1%	$57.9M
Capital Expenditures	$26.0M-47.3%	$49.4M+29.6%	$38.2M-9.7%	$42.3M+90.9%	$22.1M	N/A
Free Cash Flow	-$19.0M+62.5%	-$50.6M-1826.0%	-$2.6M-152.2%	$5.0M+364.9%	-$1.9M	N/A
Investing Cash Flow	-$1.7M-121.2%	$8.2M+127.8%	-$29.6M+30.0%	-$42.2M-97.5%	-$21.4M+62.5%	-$57.0M
Financing Cash Flow	$2.5M+107.5%	-$33.7M-214.2%	$29.5M+1789.5%	$1.6M+113.4%	-$11.7M-220.9%	$9.7M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0-100.0%	$10.0M	$0	$0-100.0%	$1.6M-52.6%	$3.5M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$3.5M-135.3%	$9.9M-49.2%	$19.6M+275.9%	$5.2M+917.0%	$512K-96.3%	$13.7M+174.2%	-$18.5M-2043.3%	-$864K
Capital Expenditures	$6.6M+0.7%	$6.5M-45.5%	$12.0M+80.8%	$6.6M+18.0%	$5.6M-32.0%	$8.2M-33.3%	$12.4M+9.8%	$11.3M
Free Cash Flow	-$10.1M-395.7%	$3.4M-55.2%	$7.6M+638.0%	-$1.4M+72.3%	-$5.1M-192.9%	$5.5M+117.8%	-$30.9M-154.7%	-$12.1M
Investing Cash Flow	-$6.6M-9.8%	-$6.0M+5.9%	-$6.4M+3.6%	-$6.6M-15.5%	-$5.7M-137.8%	$15.1M+240.7%	-$10.8M-156.4%	$19.1M
Financing Cash Flow	$7.4M+302.0%	-$3.7M+80.9%	-$19.3M-283.4%	$10.5M+577.8%	-$2.2M+89.9%	-$21.9M-75596.6%	$29K+100.2%	-$13.7M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	$0	N/A	N/A	$0-100.0%	$5.0M

RRGB Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-4.3%-4.6pp	0.4%+4.9pp	-4.5%-1.3pp	-3.2%+28.5pp	-31.7%-30.7pp	-1.0%
Net Margin	-6.2%-4.6pp	-1.6%+4.6pp	-6.2%-1.9pp	-4.3%+27.4pp	-31.8%-31.2pp	-0.6%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-12.1%-9.2pp	-2.9%+6.6pp	-9.5%-4.0pp	-5.4%+22.9pp	-28.3%-27.7pp	-0.6%
Current Ratio	0.52+0.0	0.49-0.1	0.54+0.1	0.46+0.0	0.43-0.1	0.54
Debt-to-Equity	-2.16+6.8	-8.93-122.5	113.56+111.3	2.25+0.9	1.36+0.8	0.57
FCF Margin	-1.5%+2.4pp	-3.9%-3.7pp	-0.2%-0.6pp	0.4%+0.7pp	-0.2%	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-4.6%-8.0pp	3.5%+1.1pp	2.3%+14.1pp	-11.8%-10.2pp	-1.5%-1.0pp	-0.5%+2.0pp	-2.6%-1.9pp	-0.7%
Net Margin	-7.0%-8.4pp	1.4%+1.1pp	0.3%+14.2pp	-13.9%-10.8pp	-3.2%-0.7pp	-2.4%+2.0pp	-4.4%-1.5pp	-2.9%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-3.2%-3.9pp	0.7%+0.5pp	0.2%+6.4pp	-6.2%-4.8pp	-1.4%-0.1pp	-1.3%+0.5pp	-1.8%-0.8pp	-1.1%
Current Ratio	0.43-0.0	0.460.0	0.46-0.1	0.52+0.1	0.45-0.0	0.47-0.0	0.49-0.1	0.55
Debt-to-Equity	-1.79+0.3	-2.07-0.0	-2.05+0.1	-2.16+2.3	-4.44+1.1	-5.57+3.4	-8.93+11.9	-20.83
FCF Margin	-3.8%-5.0pp	1.2%-0.7pp	1.9%+2.4pp	-0.5%+1.2pp	-1.7%-3.1pp	1.4%+11.4pp	-10.0%-5.6pp	-4.4%

Note: Shareholder equity is negative (-$84.3M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.52), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Red Robin Gourmet Burgers Inc's annual revenue?

Red Robin Gourmet Burgers Inc (RRGB) reported $1.2B in total revenue for fiscal year 2024. This represents a -4.2% 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 Red Robin Gourmet Burgers Inc's revenue growing?

Red Robin Gourmet Burgers Inc (RRGB) revenue declined by 4.2% year-over-year, from $1.3B to $1.2B in fiscal year 2024.

Is Red Robin Gourmet Burgers Inc profitable?

No, Red Robin Gourmet Burgers Inc (RRGB) reported a net income of -$77.5M in fiscal year 2024, with a net profit margin of -6.2%.

What is Red Robin Gourmet Burgers Inc's earnings per share (EPS)?

Red Robin Gourmet Burgers Inc (RRGB) reported diluted earnings per share of $-4.93 for fiscal year 2024. This represents a -267.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Red Robin Gourmet Burgers Inc's EBITDA?

Red Robin Gourmet Burgers Inc (RRGB) had EBITDA of $4.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Red Robin Gourmet Burgers Inc have?

As of fiscal year 2024, Red Robin Gourmet Burgers Inc (RRGB) had $30.7M in cash and equivalents against $181.6M in long-term debt.

What is Red Robin Gourmet Burgers Inc's operating margin?

Red Robin Gourmet Burgers Inc (RRGB) had an operating margin of -4.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Red Robin Gourmet Burgers Inc's net profit margin?

Red Robin Gourmet Burgers Inc (RRGB) had a net profit margin of -6.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Red Robin Gourmet Burgers Inc's free cash flow?

Red Robin Gourmet Burgers Inc (RRGB) generated -$19.0M in free cash flow during fiscal year 2024. This represents a 62.5% 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 Red Robin Gourmet Burgers Inc's operating cash flow?

Red Robin Gourmet Burgers Inc (RRGB) generated $7.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Red Robin Gourmet Burgers Inc's total assets?

Red Robin Gourmet Burgers Inc (RRGB) had $641.3M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Red Robin Gourmet Burgers Inc's capital expenditures?

Red Robin Gourmet Burgers Inc (RRGB) invested $26.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Red Robin Gourmet Burgers Inc have outstanding?

Red Robin Gourmet Burgers Inc (RRGB) had 17M shares outstanding as of fiscal year 2024.

What is Red Robin Gourmet Burgers Inc's current ratio?

Red Robin Gourmet Burgers Inc (RRGB) had a current ratio of 0.52 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Red Robin Gourmet Burgers Inc's debt-to-equity ratio?

Red Robin Gourmet Burgers Inc (RRGB) had a debt-to-equity ratio of -2.16 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Red Robin Gourmet Burgers Inc's return on assets (ROA)?

Red Robin Gourmet Burgers Inc (RRGB) had a return on assets of -12.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Why is Red Robin Gourmet Burgers Inc's debt-to-equity ratio negative or unusual?

Red Robin Gourmet Burgers Inc (RRGB) has negative shareholder equity of -$84.3M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Red Robin Gourmet Burgers Inc's Piotroski F-Score?

Red Robin Gourmet Burgers Inc (RRGB) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Red Robin Gourmet Burgers Inc's earnings high quality?

Red Robin Gourmet Burgers Inc (RRGB) has an earnings quality ratio of -0.09x, considered mixed 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 Red Robin Gourmet Burgers Inc?

Red Robin Gourmet Burgers Inc (RRGB) scores 4 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.