RAVE RESTAURANT GROUP, INC. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data RAVE RESTAURANT GROUP, INC. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	26.1	15.1	12.3	10	8.59	10.7	11.9	12.2	12	12.9
Cost of revenue		3.65	1.12	0.44	0.26	0	0
Gross profit		11.5	11.2	9.59	8.33	10.7	11.9
Selling and marketing	0.8	0.7
General and administrative	10.8	7.6	5.27	5.5	4.71	5.45	5.49	5.28	5.23	5.9
Operating income								2.93	3.25	3.47
Interest expense	0.11	0.18	0.1	0.1	0.09	0.06	0
Interest income								0.15	0.35	0.39
Other non-operating income				0	0.66	0.7	0	0.16	0.37	0.41
Pre-tax income	-11.2	-1.05	-0.8	-0.16	1.49	2.37	2.15	3.09	3.62	3.88
Income tax	0.05	-3.32	-0.05	4.08	-0.03	-5.66	0.54	0.62	0.92	1.01
Net income	-12.5	1.91	-0.75	-4.23	1.52	8.02	1.61	2.47	2.7	2.88
EBITDA								3.15	3.43	3.64
EPS, basic	-1.18	0.14	-0.05	-0.28	0.09	0.45	0.11	0.17	0.19	0.20
EPS, diluted	-1.18	0.13	-0.05	-0.28	0.09	0.45	0.10	0.17	0.19	0.20
Shares, basic (weighted)	0.01	13.9	15.1	15.1	17.3	18	15.3	14.4	14.5	14.2
Shares, diluted (weighted)	0.01	15	15.1	15.1	18.1	18	15.9	14.6	14.6	14.3

Balance sheet

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and equivalents	0.45	1.39	2.26	2.97	8.33	7.72	5.33	2.89	2.86	1.12
Short-term investments							0	4.95	7.02	12.5
Receivables	2.76	1.52	1.19	0.97	0.91	1.98	1.15	1.41	1.17	1.45
Inventory	0.08	0.01	0.01	0
Other current assets		0.27	0.35	0.17	0.2	0.15	0.2	0.17	0.34	0.61
Total current assets	5.13	4.74	4.7	4.93	10.4	10.1	6.83	9.54	11.5	15.8
Property, plant and equipment	3.81	1.51	0.5	0.37	0.45	0.37	0.26	0.18	0.14	0.1
Lease right-of-use assets			0	3.57	2.09	1.66	1.23	0.82	0.49	0.18
Intangible assets	0.24	0.21	0.2	0.16	0.18	0.23	0.33	0.25	0.18	0.1
Total assets	9.55	11	10.4	9.71	13.3	18.5	14.2	15.8	16.6	19.5
Accounts payable	4.17	0.42	0.4	0.45	0.64	0.67	0.5	0.36	0.21	0.2
Accrued liabilities	1.27	1.11	0.83	0.78	0.92	1.08	0.89	0.92	0.86	0.93
Deferred revenue	0.21	0.07	0.28	0.25	0.63	0.54	0.34	0.34	0.31	0.36
Short-term debt	1	0		0	0.25	0.03	0
Total current liabilities	6.74	1.98	2.38	2.51	4.53	2.89	2.2	2.02	1.74	1.69
Lease liabilities			0	3.47	1.91	1.42	0.96	0.56	0.21	0.01
Other non-current liabilities		0.04	0.07	0.05	0
Total liabilities	11.6	4.69	5.99	9.2	7.61	5.1	3.85	3.12	2.4	2.21
Paid-in capital	26.8	33.2	33.3	33.5	37.2	37.4	37.7	37.6	37.5	37.8
Retained earnings	-4.41	-2.49	-4.48	-8.72	-7.2	0.83	2.44	4.91	7.61	10.5
Treasury stock	-24.6	-24.6	-24.6	-24.5	-24.5	-25	-30	-30	-31.2	-31.2
Shareholders' equity	-2.08	6.3	4.43	0.5	5.73	13.4	10.4	12.7	14.2	17.3
Total equity	-2.08	6.3	4.43	0.5	5.73	13.4	10.4	12.7	14.2	17.3
Total liabilities and equity	9.55	11	10.4	9.71	13.3	18.5	14.2	15.8	16.6	19.5
Shares outstanding	10.7	15	15.1	15.5	18	17.5	14.2	14.6	14.2	14.2

Cash flow statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Net income	-12.5	1.91	-0.75	-4.23	1.52	8.02	1.61	2.47	2.7	2.88
Depreciation and amortization	2.41	0.84	0.47	0.19	0.17	0.19	0.21	0.22	0.18	0.17
Stock-based compensation	0.06	0.12	0.04	-0.1	0.08	0.17	0.35	0.15	0.14	0.3
Deferred income tax		-3.48	-0.2	4.06	0	-5.77	0.43	0.59	0.76	0.89
Change in receivables	0.58	0.91	0.23	0.13	0.05	-1.12	0.76	-0.34	0.26	-0.28
Change in inventory	-0.12	0.07	-0	0.01	0
Cash from operations	-5.55	-3.9	0.66	-0.36	1.49	1.38	2.84	2.85	3.4	3.55
Capital expenditures		-1.08	-0.08	-0.06	-0.21	-0.07	-0.07	-0.08	-0.06	-0.05
Purchases of investments							0	-10.1	-14.1	-14.5
Cash from investing	0.43	0.71	0.13	0.07	-0.24	0.34	-0.23	-4.98	-2.04	-5.29
Debt issued	2.89
Stock issued	0.81	5.13	0.09	0.36	3.76	0
Share buybacks					0	-0.51	-4.98	0	-1.2	0
Cash from financing	4.7	4.13	0.09	1	3.88	-2.33	-5.01	-0.31	-1.39	0
Net change in cash	-0.42	0.94	0.88	0.71	5.13	-0.61	-2.4	-2.44	-0.03	-1.74
Free cash flow		-4.98	0.58	-0.42	1.27	1.32	2.78	2.77	3.34	3.5
Interest paid	0.03	0.19	0.07	0.07	0.06	0.06	0	0	0
Income taxes paid	0.03	0.06	0.17	0.02	0.02	0.03	0.09	0.01	0.12	0.12

Key metrics

Worked out from the statements above. Latest values use fiscal 2026. Valuation uses the share price of $2.29 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	26.9%	Operating income / revenue.
EBITDA margin	28.2%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	30.1%	Pre-tax income / revenue.
Net margin	22.3%	Net income / revenue.
FCF margin	27.1%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	27.5%	Cash from operations / revenue.
Effective tax rate	25.9%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	18.3%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	15.9%	Net income / average total assets.
Return on invested capital (ROIC)	18.7%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue	2.3%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	0.4%	Capital expenditures / revenue.
D&A / revenue	1.3%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	7.2%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	2.8%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	8.5%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	7.0%	Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y	6.2%	EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y	6.5%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	21.3%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	13.6%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	5.3%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	26.0%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	17.3%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	4.6%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	7.7%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	19.1%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	4.9%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	8.1%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	22.4%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	22.4%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	18.6%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	24.8%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	18.0%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	11.1%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	7.9%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-1.8%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-3.5%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-4.6%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	9.31x	Current assets / current liabilities.
Quick ratio	8.89x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	8.04x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	11.3%	Total liabilities / total assets.
Working capital	$14.1M	Current assets - current liabilities.
Goodwill and intangibles / assets	0.5%	(Goodwill + intangible assets) / total assets.
Tangible book value	$17.2M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.72x	Revenue / average total assets.
Fixed asset turnover	108x	Revenue / average property, plant and equipment.
Receivables turnover	9.87x	Revenue / average receivables.
Days sales outstanding	37 days	365 x average receivables / revenue.
FCF conversion	121.7%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	1.4%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.20	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	$0.20	Net income per basic share, as reported (split-adjusted).
Revenue per share	$0.90	Revenue / diluted weighted shares.
FCF per share	$0.24	Free cash flow / diluted weighted shares.
Operating cash flow per share	$0.25	Cash from operations / diluted weighted shares.
Book value per share	$1.22	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$1.21	Tangible book value / shares outstanding.
Cash per share	$0.96	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	0.0%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$32.5M	Share price x shares outstanding.
Enterprise value	$18.9M	Market cap + total debt - cash - short-term investments.
P/E	11.3x	Market cap / net income. Only when net income is positive.
P/S	2.52x	Market cap / revenue.
P/B	1.88x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.89x	Market cap / tangible book value, when positive.
P/FCF	9.29x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	9.16x	Market cap / cash from operations, when positive.
EV/Sales	1.47x	Enterprise value / revenue.
EV/EBIT	5.45x	Enterprise value / operating income, when both are positive.
EV/EBITDA	5.20x	Enterprise value / EBITDA, when both are positive.
EV/FCF	5.41x	Enterprise value / free cash flow, when both are positive.
FCF yield	10.8%	Free cash flow / market cap.
Earnings yield	8.8%	Net income / market cap (the inverse of P/E).
Shareholder yield	0.0%	(Dividends paid + share buybacks) / market cap.
PEG	0.44x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was RAVE RESTAURANT GROUP, INC.'s revenue in fiscal 2026?

RAVE RESTAURANT GROUP, INC. reported revenue of $12.9M for fiscal 2026, 7.2% higher than the year before.

Was RAVE RESTAURANT GROUP, INC. profitable in fiscal 2026?

Yes. Net income was $2.9M, a net margin of 22.3%.

How much free cash flow did RAVE RESTAURANT GROUP, INC. generate in fiscal 2026?

Cash from operations of $3.6M minus capital expenditures of $49.0K left free cash flow of $3.5M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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