Every 10-Q that Rocky Mountain Chocolate Factory, Inc. (RMCF) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow RMCF and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RMCF filings page.
Rocky Mountain Chocolate Factory (RMCF) reported weaker results for the quarter ended May 31, 2026. Revenue declined 4.1% to about $6.1 million, while net loss widened to about $1.2 million, or $(0.12) per share, versus a $(0.04) loss a year earlier. Gross margin fell to 3.7%, as lower-margin packaged product mix and higher costs offset modest growth in factory and retail sales.
Franchising revenue dropped mainly because many franchisees moved to flat 5% royalty agreements, cutting royalties and marketing fees by $0.42 million. Manufacturing swung to a segment loss, and corporate and retail expenses rose with added company-owned stores and investments in websites and third-party delivery platforms.
Liquidity is tight: cash was $0.61 million and working capital about $0.9 million. The company relies on related-party credit facilities of $6.0 million and $0.6 million at 12% interest, both maturing in 2027. A leverage covenant was breached (liabilities to tangible net worth of 5.3:1 versus a 2.0:1 limit), with only short-term waivers obtained. Management explicitly states these conditions raise substantial doubt about continuing as a going concern and is pursuing cost cuts, operational improvements, and a new $6.0 million Form S-3 shelf registration for potential future capital raising.
Rocky Mountain Chocolate Factory narrowed its loss for the quarter ended November 30, 2025 as margins improved, but it still faces financial strain. Quarterly revenue slipped to $7.5 million from $7.9 million, mainly after exiting an unprofitable specialty market contract. Net loss shrank to $0.2 million, or $(0.02) per share, from $0.8 million, helped by higher pricing and cost cuts that lifted gross margin to 21.4%.
For the nine months, revenue was roughly flat at $20.7 million while net loss improved to $1.1 million from $3.2 million. Despite better operations and operating cash outflow reduced to $1.4 million, auditors and management raised substantial doubt about the company’s ability to continue as a going concern. Rocky Mountain relies on related‑party credit facilities totaling $7.8 million at 12% interest and recently issued 1,500,000 shares at $1.80 for about $2.7 million to bolster liquidity.
Rocky Mountain Chocolate Factory reported higher sales but continued losses and mounting financial pressure. Revenue rose to $6.8 million for the quarter and $13.2 million for the first six months, yet the company posted net losses of $0.7 million for the quarter and $1.0 million year-to-date.
Gross margin for the quarter turned slightly negative as higher cocoa and transportation costs outweighed price increases. Management cut franchise, sales, and administrative expenses, narrowing the operating loss compared with last year.
The balance sheet shows $2.0 million of cash and $3.5 million of working capital, but total debt climbed to $7.8 million under two related-party credit agreements bearing 12% interest and secured by core assets. The company breached a leverage covenant as of August 31, 2025 and obtained waivers.
Management explicitly states that recent losses, covenant noncompliance, and reliance on external financing raise substantial doubt about the company’s ability to continue as a going concern, though they plan further cost cuts, efficiency improvements, and growth in holiday and e-commerce sales.