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RCI Reports 2Q25 Results, Hosts X Spaces Call at 4:30 PM ET Today

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HOUSTON--(BUSINESS WIRE)-- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported results for the fiscal 2025 second quarter ended March 31, 2025. The Company also filed its Form 10-Q today.

Summary Financials (in millions, except EPS)

2Q25

2Q24

6M25

Ìý6M24

Total revenues

$65.9

$72.3

$137.4

$146.2

EPS

$0.36

$0.08

$1.38

$0.85

Non-GAAP EPS1

$0.65

$0.90

$1.46

$1.76

Impairments and other charges (gains), net

$2.1

$8.2

$(0.1)

$8.2

Net cash provided by operating activities

$8.5

$10.8

$21.9

$24.5

Free cash flow1

$6.9

$8.8

$19.0

$21.5

Net income attributable to RCIHH common stockholders

$3.2

$0.8

$12.3

$8.0

Adjusted EBITDA1

$14.2

$17.2

$29.9

$34.7

Weighted average shares used in computing EPS � basic and diluted

8.86

9.35

8.89

9.36

1 See “Non-GAAP Financial Measures� below.

2Q25 Summary (Comparisons are to the year-ago period unless indicated otherwise)

Eric Langan, President and CEO, said: "As previously announced, revenues primarily reflect the sale/divestiture of five underperforming Bombshells segment locations and the effect of severe weather on company same-store sales in January and February, partially offset by improving trends in March. Profitability primarily reflects lower SSS, lower costs from the sale/divestiture of the Bombshells related units, and lower impairments. During and subsequent to 2Q25, we continued to make progress with our Back to Basics 5-Year Capital Allocation Plan, acquiring clubs, completing projects, and buying back shares."

Back to Basics 5-Year Capital Allocation Plan (FY25-29)

  • 2Q25: Acquired Flight Club, the premier gentlemen's club in the Detroit market ($8.0 million for the club and $3.0 million for the real estate).
  • 2Q25: Opened Bombshells in Denver, CO, and the rebranded/reformatted Chicas Locas in El Paso, TX.
  • 2Q25: Repurchased 56,875 common shares for $2.9 million ($50.92 average per share), with 8,832,125 shares outstanding at March 31, 2025.
  • 3Q25: Acquired Platinum West of West Columbia, SC, the only upscale adult nightclub in the central part of the state ($6.25 million for the club and $1.75 million for the real estate).

X Spaces Conference Call at 4:30 PM ET Today

  • Hosted by , , and of .
  • Call link: (X log in required).
  • Presentation link: .
  • To ask questions: Participants must join the X Space using a mobile device.
  • To listen only: Participants can access the X Space from a computer.
  • There will be no other types of telephone or webcast access.

2Q25 Results (Comparisons are to the year-ago period unless indicated otherwise)

Nightclubs segment: Revenues of $57.5 million declined by 3.1%. Sales, which were affected by weather in January and February, reflected a 3.5% decline in same-store sales and the absence of Baby Dolls Fort Worth due to fire in July 2024, partially offset by five new and/or reformatted clubs not in SSS.2

By type of revenue, alcoholic beverages declined 5.3%, service declined 2.9%, and food, merchandise and other increased 2.4%. Impairments and other charges totaled $2.0 million compared to $8.2 million.

Operating income was $14.6 million (25.4% of segment revenues) compared to $11.0 million (18.6%). Results primarily reflected the impairment decline, partially offset by the sales decline. Non-GAAP operating income was $17.1 million (29.8% of segment revenues) compared to $19.8 million (33.4%). Non-GAAP results primarily reflected the sales decline.

Bombshells segment: Revenues of $8.2 million declined 35.6%. Sales, which were similarly affected by bad weather in January and February, reflected the sale/divestiture of five underperforming locations and a 13.4% decline in SSS, partially offset by two locations not in SSS (Stafford, TX, and Denver, CO).2

Operating loss was $227,000 (-2.8% of segment revenues) compared to income of $699,000 (5.5%). Non-GAAP operating loss was $67,000 (-0.8% of segment revenues) compared to income of $750,000 (5.9%). Results primarily reflected the sales decline from open locations and Bombshells Denver pre-opening costs, most of which were offset by the sale/divestiture of non-performing locations.

Corporate segment: Expenses totaled $5.5 million (8.4% of total revenues) compared to $6.8 million (9.4%). Non-GAAP expenses totaled $5.4 million (8.2% of total revenues) compared to $6.3 million (8.8%). The decline primarily reflected lower overhead from fewer locations.

Impairments and other charges (gains), net within consolidated operations totaled $2.1 million compared to $8.2 million.

Income tax expense was $1.1 million compared to $5,000. The effective tax rate was 25.1% compared to 0.7%.

Weighted average shares outstanding of 8.86 million declined 5.2% due to share buybacks.

Debt was $241.5 million at March 31, 2025 compared to $235.5 million at December 31, 2024. The increase primarily reflected Flight Club new acquisition related debt and Bombshells Rowlett and Lubbock construction financing, partially offset by scheduled pay downs.

2 See our April 8, 2025 news release on 2Q25 sales for more details.

Non-GAAP Financial Measures

In addition to our financial information presented in accordance with GAAP, management uses certain non-GAAP financial measures, within the meaning of the SEC Regulation G, to clarify and enhance understanding of past performance and prospects for the future. Generally, a non-GAAP financial measure is a numerical measure of a company’s operating performance, financial position or cash flows that excludes or includes amounts that are included in or excluded from the most directly comparable measure calculated and presented in accordance with GAAP. We monitor non-GAAP financial measures because it describes the operating performance of the Company and helps management and investors gauge our ability to generate cash flow, excluding (or including) some items that management believes are not representative of the ongoing business operations of the Company, but are included in (or excluded from) the most directly comparable measures calculated and presented in accordance with GAAP. Relative to each of the non-GAAP financial measures, we further set forth our rationale as follows:

Non-GAAP Operating Income and Non-GAAP Operating Margin. We calculate non-GAAP operating income and non-GAAP operating margin by excluding the following items from income from operations and operating margin: (a) amortization of intangibles, (b) impairment of assets, (c) settlement of lawsuits, (d) gains or losses on sale of businesses and assets, (e) gains or losses on insurance, and (f) stock-based compensation. We believe that excluding these items assists investors in evaluating period-over-period changes in our operating income and operating margin without the impact of items that are not a result of our day-to-day business and operations.

Non-GAAP Net Income and Non-GAAP Net Income per Diluted Share. We calculate non-GAAP net income and non-GAAP net income per diluted share by excluding or including certain items to net income or loss attributable to RCIHH common stockholders and diluted earnings per share. Adjustment items are: (a) amortization of intangibles, (b) impairment of assets, (c) settlement of lawsuits, (d) gains or losses on sale of businesses and assets, (e) gains or losses on insurance, (f) stock-based compensation, (g) gains or losses on lease termination, and (h) the income tax effect of the above-described adjustments. Included in the income tax effect of the above adjustments is the net effect of the non-GAAP provision for income taxes, calculated at 18.1% and 18.4% effective tax rate of the pre-tax non-GAAP income before taxes for the six months ended March 31, 2025, and 2024, respectively, and the GAAP income tax expense (benefit). We believe that excluding and including such items help management and investors better understand our operating activities.

Adjusted EBITDA. We calculate adjusted EBITDA by excluding the following items from net income or loss attributable to RCIHH common stockholders: (a) depreciation and amortization, (b) impairment of assets, (c) income tax expense, (d) net interest expense, (e) settlement of lawsuits, (f) gains or losses on sale of businesses and assets, (g) gains or losses on insurance, (h) stock-based compensation, and (i) gains or losses on lease termination. We believe that adjusting for such items helps management and investors better understand our operating activities. Adjusted EBITDA provides a core operational performance measurement that compares results without the need to adjust for federal, state and local taxes which have considerable variation between domestic jurisdictions. The results are, therefore, without consideration of financing alternatives of capital employed. We use adjusted EBITDA as one guideline to assess our unleveraged performance return on our investments. Adjusted EBITDA is also the target benchmark for our acquisitions of nightclubs.

We also use certain non-GAAP cash flow measures such as free cash flow. Free cash flow is derived from net cash provided by operating activities less maintenance capital expenditures. We use free cash flow as the baseline for the implementation of our capital allocation strategy.

About RCI Hospitality Holdings, Inc. (Nasdaq: RICK) (X: )

With more than 60 locations, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country’s leading company in adult nightclubs and sports bars-restaurants. See all our brands at .

Forward-Looking Statements

This press release may contain forward-looking statements that involve a number of risks and uncertainties that could cause the Company's actual results to differ materially from those indicated, including, but not limited to, the risks and uncertainties associated with (i) operating and managing an adult entertainment or restaurant business, (ii) the business climates in cities where it operates, (iii) the success or lack thereof in launching and building the Company's businesses, (iv) cyber security, (v) conditions relevant to real estate transactions, and (vi) numerous other factors such as laws governing the operation of adult entertainment or restaurant businesses, competition and dependence on key personnel. For more detailed discussion of such factors and certain risks and uncertainties, see RCI's annual report on Form 10-K for the year ended September 30, 2024, as well as its other filings with the U.S. Securities and Exchange Commission. The Company has no obligation to update or revise the forward-looking statements to reflect the occurrence of future events or circumstances.

RCI HOSPITALITY HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF INCOME

(in thousands, except per share, number of shares, and percentage data)

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

For the Three Months Ended

Ìý

For the Six Months Ended

Ìý

March 31, 2025

Ìý

March 31, 2024

Ìý

March 31, 2025

Ìý

March 31, 2024

Ìý

Amount

Ìý

% of Revenue

Ìý

Amount

Ìý

% of Revenue

Ìý

Amount

Ìý

% of Revenue

Ìý

Amount

Ìý

% of Revenue

Revenues

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Sales of alcoholic beverages

$

28,866

Ìý

Ìý

43.8

%

Ìý

$

32,907

Ìý

Ìý

45.5

%

Ìý

$

61,054

Ìý

Ìý

44.4

%

Ìý

$

66,223

Ìý

Ìý

45.3

%

Sales of food and merchandise

Ìý

9,411

Ìý

Ìý

14.3

%

Ìý

Ìý

11,068

Ìý

Ìý

15.3

%

Ìý

Ìý

19,517

Ìý

Ìý

14.2

%

Ìý

Ìý

21,870

Ìý

Ìý

15.0

%

Service revenues

Ìý

22,912

Ìý

Ìý

34.8

%

Ìý

Ìý

23,564

Ìý

Ìý

32.6

%

Ìý

Ìý

47,093

Ìý

Ìý

34.3

%

Ìý

Ìý

48,683

Ìý

Ìý

33.3

%

Other

Ìý

4,687

Ìý

Ìý

7.1

%

Ìý

Ìý

4,744

Ìý

Ìý

6.6

%

Ìý

Ìý

9,695

Ìý

Ìý

7.1

%

Ìý

Ìý

9,414

Ìý

Ìý

6.4

%

Total revenues

Ìý

65,876

Ìý

Ìý

100.0

%

Ìý

Ìý

72,283

Ìý

Ìý

100.0

%

Ìý

Ìý

137,359

Ìý

Ìý

100.0

%

Ìý

Ìý

146,190

Ìý

Ìý

100.0

%

Operating expenses

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Cost of goods sold

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Alcoholic beverages sold

Ìý

5,204

Ìý

Ìý

18.0

%

Ìý

Ìý

5,891

Ìý

Ìý

17.9

%

Ìý

Ìý

11,050

Ìý

Ìý

18.1

%

Ìý

Ìý

12,172

Ìý

Ìý

18.4

%

Food and merchandise sold

Ìý

3,182

Ìý

Ìý

33.8

%

Ìý

Ìý

3,993

Ìý

Ìý

36.1

%

Ìý

Ìý

6,745

Ìý

Ìý

34.6

%

Ìý

Ìý

8,031

Ìý

Ìý

36.7

%

Service and other

Ìý

25

Ìý

Ìý

0.1

%

Ìý

Ìý

35

Ìý

Ìý

0.1

%

Ìý

Ìý

97

Ìý

Ìý

0.2

%

Ìý

Ìý

75

Ìý

Ìý

0.1

%

Total cost of goods sold (exclusive of items shown below)

Ìý

8,411

Ìý

Ìý

12.8

%

Ìý

Ìý

9,919

Ìý

Ìý

13.7

%

Ìý

Ìý

17,892

Ìý

Ìý

13.0

%

Ìý

Ìý

20,278

Ìý

Ìý

13.9

%

Salaries and wages

Ìý

20,491

Ìý

Ìý

31.1

%

Ìý

Ìý

20,975

Ìý

Ìý

29.0

%

Ìý

Ìý

41,055

Ìý

Ìý

29.9

%

Ìý

Ìý

42,307

Ìý

Ìý

28.9

%

Selling, general and administrative

Ìý

22,900

Ìý

Ìý

34.8

%

Ìý

Ìý

24,653

Ìý

Ìý

34.1

%

Ìý

Ìý

49,107

Ìý

Ìý

35.8

%

Ìý

Ìý

49,854

Ìý

Ìý

34.1

%

Depreciation and amortization

Ìý

3,776

Ìý

Ìý

5.7

%

Ìý

Ìý

3,884

Ìý

Ìý

5.4

%

Ìý

Ìý

7,345

Ìý

Ìý

5.3

%

Ìý

Ìý

7,737

Ìý

Ìý

5.3

%

Impairments and other charges (gains), net

Ìý

2,127

Ìý

Ìý

3.2

%

Ìý

Ìý

8,195

Ìý

Ìý

11.3

%

Ìý

Ìý

(117

)

Ìý

(0.1

)%

Ìý

Ìý

8,192

Ìý

Ìý

5.6

%

Total operating expenses

Ìý

57,705

Ìý

Ìý

87.6

%

Ìý

Ìý

67,626

Ìý

Ìý

93.6

%

Ìý

Ìý

115,282

Ìý

Ìý

83.9

%

Ìý

Ìý

128,368

Ìý

Ìý

87.8

%

Income from operations

Ìý

8,171

Ìý

Ìý

12.4

%

Ìý

Ìý

4,657

Ìý

Ìý

6.4

%

Ìý

Ìý

22,077

Ìý

Ìý

16.1

%

Ìý

Ìý

17,822

Ìý

Ìý

12.2

%

Other income (expenses)

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Interest expense

Ìý

(4,048

)

Ìý

(6.1

)%

Ìý

Ìý

(3,999

)

Ìý

(5.5

)%

Ìý

Ìý

(8,200

)

Ìý

(6.0

)%

Ìý

Ìý

(8,215

)

Ìý

(5.6

)%

Interest income

Ìý

139

Ìý

Ìý

0.2

%

Ìý

Ìý

96

Ìý

Ìý

0.1

%

Ìý

Ìý

318

Ìý

Ìý

0.2

%

Ìý

Ìý

190

Ìý

Ìý

0.1

%

Gain on lease termination

Ìý

�

Ìý

Ìý

�

%

Ìý

Ìý

�

Ìý

Ìý

�

%

Ìý

Ìý

979

Ìý

Ìý

0.7

%

Ìý

Ìý

�

Ìý

Ìý

�

%

Income before income taxes

Ìý

4,262

Ìý

Ìý

6.5

%

Ìý

Ìý

754

Ìý

Ìý

1.0

%

Ìý

Ìý

15,174

Ìý

Ìý

11.0

%

Ìý

Ìý

9,797

Ìý

Ìý

6.7

%

Income tax expense

Ìý

1,068

Ìý

Ìý

1.6

%

Ìý

Ìý

5

Ìý

Ìý

�

%

Ìý

Ìý

2,915

Ìý

Ìý

2.1

%

Ìý

Ìý

1,804

Ìý

Ìý

1.2

%

Net income

Ìý

3,194

Ìý

Ìý

4.8

%

Ìý

Ìý

749

Ìý

Ìý

1.0

%

Ìý

Ìý

12,259

Ìý

Ìý

8.9

%

Ìý

Ìý

7,993

Ìý

Ìý

5.5

%

Net income attributable to noncontrolling interests

Ìý

37

Ìý

Ìý

0.1

%

Ìý

Ìý

25

Ìý

Ìý

�

%

Ìý

Ìý

(4

)

Ìý

�

%

Ìý

Ìý

7

Ìý

Ìý

�

%

Net income attributable to RCIHH common shareholders

$

3,231

Ìý

Ìý

4.9

%

Ìý

$

774

Ìý

Ìý

1.1

%

Ìý

$

12,255

Ìý

Ìý

8.9

%

Ìý

$

8,000

Ìý

Ìý

5.5

%

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Earnings per share

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Basic and diluted

$

0.36

Ìý

Ìý

Ìý

Ìý

$

0.08

Ìý

Ìý

Ìý

Ìý

$

1.38

Ìý

Ìý

Ìý

Ìý

$

0.85

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Weighted average shares used in computing earnings per share

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Basic and diluted

Ìý

8,861,854

Ìý

Ìý

Ìý

Ìý

Ìý

9,350,292

Ìý

Ìý

Ìý

Ìý

Ìý

8,891,638

Ìý

Ìý

Ìý

Ìý

Ìý

9,358,768

Ìý

Ìý

Ìý

RCI HOSPITALITY HOLDINGS, INC.

SEGMENT INFORMATION

(in thousands)

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

For the Three Months Ended

Ìý

For the Six Months Ended

Ìý

March 31, 2025

Ìý

March 31, 2024

Ìý

March 31, 2025

Ìý

March 31, 2024

Revenues

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Nightclubs

$

57,541

Ìý

Ìý

$

59,372

Ìý

Ìý

$

119,265

Ìý

Ìý

$

120,405

Ìý

Bombshells

Ìý

8,229

Ìý

Ìý

Ìý

12,771

Ìý

Ìý

Ìý

17,816

Ìý

Ìý

Ìý

25,502

Ìý

Other

Ìý

106

Ìý

Ìý

Ìý

140

Ìý

Ìý

Ìý

278

Ìý

Ìý

Ìý

283

Ìý

Ìý

$

65,876

Ìý

Ìý

$

72,283

Ìý

Ìý

$

137,359

Ìý

Ìý

$

146,190

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Income (loss) from operations

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Nightclubs

$

14,603

Ìý

Ìý

$

11,021

Ìý

Ìý

$

35,485

Ìý

Ìý

$

31,390

Ìý

Bombshells

Ìý

(227

)

Ìý

Ìý

699

Ìý

Ìý

Ìý

1,744

Ìý

Ìý

Ìý

785

Ìý

Other

Ìý

(680

)

Ìý

Ìý

(277

)

Ìý

Ìý

(851

)

Ìý

Ìý

(473

)

Corporate

Ìý

(5,525

)

Ìý

Ìý

(6,786

)

Ìý

Ìý

(14,301

)

Ìý

Ìý

(13,880

)

Ìý

$

8,171

Ìý

Ìý

$

4,657

Ìý

Ìý

$

22,077

Ìý

Ìý

$

17,822

Ìý

RCI HOSPITALITY HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

Ìý

Ìý

For the Three Months Ended

Ìý

For the Six Months Ended

Ìý

March 31, 2025

Ìý

March 31, 2024

Ìý

March 31, 2025

Ìý

March 31, 2024

CASH FLOWS FROM OPERATING ACTIVITIES

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Net income

$

3,194

Ìý

Ìý

$

749

Ìý

Ìý

$

12,259

Ìý

Ìý

$

7,993

Ìý

Adjustments to reconcile net income to net cash provided by operating activities:

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Depreciation and amortization

Ìý

3,776

Ìý

Ìý

Ìý

3,884

Ìý

Ìý

Ìý

7,345

Ìý

Ìý

Ìý

7,737

Ìý

Impairment of assets

Ìý

1,780

Ìý

Ìý

Ìý

8,033

Ìý

Ìý

Ìý

1,780

Ìý

Ìý

Ìý

8,033

Ìý

Deferred income tax benefit

Ìý

(853

)

Ìý

Ìý

(1,911

)

Ìý

Ìý

(1,242

)

Ìý

Ìý

(1,911

)

Loss (gain) on sale of businesses and assets

Ìý

215

Ìý

Ìý

Ìý

40

Ìý

Ìý

Ìý

(1,248

)

Ìý

Ìý

37

Ìý

Amortization and writeoff of debt discount and issuance costs

Ìý

227

Ìý

Ìý

Ìý

149

Ìý

Ìý

Ìý

290

Ìý

Ìý

Ìý

312

Ìý

Doubtful accounts expense on notes receivable

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

22

Ìý

Gain on insurance

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

(1,150

)

Ìý

Ìý

�

Ìý

Noncash lease expense

Ìý

668

Ìý

Ìý

Ìý

773

Ìý

Ìý

Ìý

1,326

Ìý

Ìý

Ìý

1,535

Ìý

Stock-based compensation

Ìý

118

Ìý

Ìý

Ìý

471

Ìý

Ìý

Ìý

588

Ìý

Ìý

Ìý

941

Ìý

Changes in operating assets and liabilities, net of business acquisitions:

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Receivables

Ìý

(659

)

Ìý

Ìý

(162

)

Ìý

Ìý

1,714

Ìý

Ìý

Ìý

1,067

Ìý

Inventories

Ìý

68

Ìý

Ìý

Ìý

76

Ìý

Ìý

Ìý

64

Ìý

Ìý

Ìý

(142

)

Prepaid expenses, other current, and other assets

Ìý

68

Ìý

Ìý

Ìý

2,609

Ìý

Ìý

Ìý

(530

)

Ìý

Ìý

(6,420

)

Accounts payable, accrued, and other liabilities

Ìý

(55

)

Ìý

Ìý

(3,875

)

Ìý

Ìý

695

Ìý

Ìý

Ìý

5,265

Ìý

Net cash provided by operating activities

Ìý

8,547

Ìý

Ìý

Ìý

10,836

Ìý

Ìý

Ìý

21,891

Ìý

Ìý

Ìý

24,469

Ìý

CASH FLOWS FROM INVESTING ACTIVITIES

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Proceeds from sale of businesses and assets

Ìý

956

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

1,085

Ìý

Ìý

Ìý

�

Ìý

Proceeds from insurance

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

1,150

Ìý

Ìý

Ìý

�

Ìý

Proceeds from notes receivable

Ìý

76

Ìý

Ìý

Ìý

61

Ìý

Ìý

Ìý

147

Ìý

Ìý

Ìý

116

Ìý

Payments for property and equipment and intangible assets

Ìý

(2,854

)

Ìý

Ìý

(7,667

)

Ìý

Ìý

(8,608

)

Ìý

Ìý

(12,802

)

Acquisition of businesses, net of cash acquired

Ìý

(6,000

)

Ìý

Ìý

�

Ìý

Ìý

Ìý

(6,000

)

Ìý

Ìý

�

Ìý

Net cash used in investing activities

Ìý

(7,822

)

Ìý

Ìý

(7,606

)

Ìý

Ìý

(12,226

)

Ìý

Ìý

(12,686

)

CASH FLOWS FROM FINANCING ACTIVITIES

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Proceeds from debt obligations

Ìý

5,433

Ìý

Ìý

Ìý

1,956

Ìý

Ìý

Ìý

8,396

Ìý

Ìý

Ìý

2,657

Ìý

Payments on debt obligations

Ìý

(4,627

)

Ìý

Ìý

(4,278

)

Ìý

Ìý

(10,321

)

Ìý

Ìý

(10,630

)

Purchase of treasury stock

Ìý

(2,896

)

Ìý

Ìý

(1,530

)

Ìý

Ìý

(6,114

)

Ìý

Ìý

(3,602

)

Payment of dividends

Ìý

(619

)

Ìý

Ìý

(560

)

Ìý

Ìý

(1,242

)

Ìý

Ìý

(1,122

)

Payment of loan origination costs

Ìý

(71

)

Ìý

Ìý

�

Ìý

Ìý

Ìý

(71

)

Ìý

Ìý

(136

)

Net cash used in financing activities

Ìý

(2,780

)

Ìý

Ìý

(4,412

)

Ìý

Ìý

(9,352

)

Ìý

Ìý

(12,833

)

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

Ìý

(2,055

)

Ìý

Ìý

(1,182

)

Ìý

Ìý

313

Ìý

Ìý

Ìý

(1,050

)

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD

Ìý

34,718

Ìý

Ìý

Ìý

21,155

Ìý

Ìý

Ìý

32,350

Ìý

Ìý

Ìý

21,023

Ìý

CASH AND CASH EQUIVALENTS AT END OF PERIOD

$

32,663

Ìý

Ìý

$

19,973

Ìý

Ìý

$

32,663

Ìý

Ìý

$

19,973

Ìý

RCI HOSPITALITY HOLDINGS, INC.

CONSOLIDATED BALANCE SHEETS

(in thousands)

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

March 31, 2025

Ìý

September 30, 2024

Ìý

March 31, 2024

ASSETS

Ìý

Ìý

Ìý

Ìý

Ìý

Current assets

Ìý

Ìý

Ìý

Ìý

Ìý

Cash and cash equivalents

$

32,663

Ìý

Ìý

$

32,350

Ìý

Ìý

$

19,973

Ìý

Receivables, net

Ìý

4,174

Ìý

Ìý

Ìý

5,832

Ìý

Ìý

Ìý

9,044

Ìý

Inventories

Ìý

4,645

Ìý

Ìý

Ìý

4,676

Ìý

Ìý

Ìý

4,554

Ìý

Prepaid expenses and other current assets

Ìý

4,071

Ìý

Ìý

Ìý

4,427

Ìý

Ìý

Ìý

8,387

Ìý

Assets held for sale

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

74

Ìý

Total current assets

Ìý

45,553

Ìý

Ìý

Ìý

47,285

Ìý

Ìý

Ìý

42,032

Ìý

Property and equipment, net

Ìý

283,442

Ìý

Ìý

Ìý

280,075

Ìý

Ìý

Ìý

288,224

Ìý

Operating lease right-of-use assets, net

Ìý

24,905

Ìý

Ìý

Ìý

26,231

Ìý

Ìý

Ìý

33,396

Ìý

Notes receivable, net of current portion

Ìý

4,031

Ìý

Ìý

Ìý

4,174

Ìý

Ìý

Ìý

4,289

Ìý

Goodwill

Ìý

62,524

Ìý

Ìý

Ìý

61,911

Ìý

Ìý

Ìý

67,862

Ìý

Intangibles, net

Ìý

167,383

Ìý

Ìý

Ìý

163,461

Ìý

Ìý

Ìý

172,728

Ìý

Other assets

Ìý

1,918

Ìý

Ìý

Ìý

1,227

Ìý

Ìý

Ìý

1,362

Ìý

Total assets

$

589,756

Ìý

Ìý

$

584,364

Ìý

Ìý

$

609,893

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

LIABILITIES AND EQUITY

Ìý

Ìý

Ìý

Ìý

Ìý

Current liabilities

Ìý

Ìý

Ìý

Ìý

Ìý

Accounts payable

$

5,652

Ìý

Ìý

$

5,637

Ìý

Ìý

$

5,632

Ìý

Accrued liabilities

Ìý

18,161

Ìý

Ìý

Ìý

20,280

Ìý

Ìý

Ìý

22,597

Ìý

Current portion of debt obligations, net

Ìý

19,737

Ìý

Ìý

Ìý

18,871

Ìý

Ìý

Ìý

25,072

Ìý

Current portion of operating lease liabilities

Ìý

3,073

Ìý

Ìý

Ìý

3,290

Ìý

Ìý

Ìý

3,098

Ìý

Total current liabilities

Ìý

46,623

Ìý

Ìý

Ìý

48,078

Ìý

Ìý

Ìý

56,399

Ìý

Deferred tax liability, net

Ìý

21,451

Ìý

Ìý

Ìý

22,693

Ìý

Ìý

Ìý

27,232

Ìý

Debt, net of current portion and debt discount and issuance costs

Ìý

221,725

Ìý

Ìý

Ìý

219,326

Ìý

Ìý

Ìý

206,853

Ìý

Operating lease liabilities, net of current portion

Ìý

26,677

Ìý

Ìý

Ìý

30,759

Ìý

Ìý

Ìý

33,593

Ìý

Other long-term liabilities

Ìý

4,741

Ìý

Ìý

Ìý

398

Ìý

Ìý

Ìý

317

Ìý

Total liabilities

Ìý

321,217

Ìý

Ìý

Ìý

321,254

Ìý

Ìý

Ìý

324,394

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Commitments and contingencies

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Equity

Ìý

Ìý

Ìý

Ìý

Ìý

Preferred stock

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Common stock

Ìý

88

Ìý

Ìý

Ìý

90

Ìý

Ìý

Ìý

93

Ìý

Additional paid-in capital

Ìý

55,925

Ìý

Ìý

Ìý

61,511

Ìý

Ìý

Ìý

77,742

Ìý

Retained earnings

Ìý

212,772

Ìý

Ìý

Ìý

201,759

Ìý

Ìý

Ìý

207,928

Ìý

Total RCIHH stockholders' equity

Ìý

268,785

Ìý

Ìý

Ìý

263,360

Ìý

Ìý

Ìý

285,763

Ìý

Noncontrolling interests

Ìý

(246

)

Ìý

Ìý

(250

)

Ìý

Ìý

(264

)

Total equity

Ìý

268,539

Ìý

Ìý

Ìý

263,110

Ìý

Ìý

Ìý

285,499

Ìý

Total liabilities and equity

$

589,756

Ìý

Ìý

$

584,364

Ìý

Ìý

$

609,893

Ìý

RCI HOSPITALITY HOLDINGS, INC.

NON-GAAP FINANCIAL MEASURES

(in thousands, except per share, number of shares, and percentage data)

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

For the Three Months Ended

Ìý

For the Six Months Ended

Ìý

March 31, 2025

Ìý

March 31, 2024

Ìý

March 31, 2025

Ìý

March 31, 2024

Reconciliation of GAAP net income to Adjusted EBITDA

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Net income attributable to RCIHH common stockholders

$

3,231

Ìý

Ìý

$

774

Ìý

Ìý

$

12,255

Ìý

Ìý

$

8,000

Ìý

Income tax expense

Ìý

1,068

Ìý

Ìý

Ìý

5

Ìý

Ìý

Ìý

2,915

Ìý

Ìý

Ìý

1,804

Ìý

Interest expense, net

Ìý

3,909

Ìý

Ìý

Ìý

3,903

Ìý

Ìý

Ìý

7,882

Ìý

Ìý

Ìý

8,025

Ìý

Depreciation and amortization

Ìý

3,776

Ìý

Ìý

Ìý

3,884

Ìý

Ìý

Ìý

7,345

Ìý

Ìý

Ìý

7,737

Ìý

Impairment of assets

Ìý

1,780

Ìý

Ìý

Ìý

8,033

Ìý

Ìý

Ìý

1,780

Ìý

Ìý

Ìý

8,033

Ìý

Settlement of lawsuits

Ìý

127

Ìý

Ìý

Ìý

167

Ìý

Ìý

Ìý

306

Ìý

Ìý

Ìý

167

Ìý

Loss (gain) on sale of businesses and assets

Ìý

220

Ìý

Ìý

Ìý

(5

)

Ìý

Ìý

(1,186

)

Ìý

Ìý

(8

)

Gain on insurance

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

(1,017

)

Ìý

Ìý

�

Ìý

Stock-based compensation

Ìý

118

Ìý

Ìý

Ìý

471

Ìý

Ìý

Ìý

588

Ìý

Ìý

Ìý

941

Ìý

Gain on lease termination

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

(979

)

Ìý

Ìý

�

Ìý

Adjusted EBITDA

$

14,229

Ìý

Ìý

$

17,232

Ìý

Ìý

$

29,889

Ìý

Ìý

$

34,699

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Reconciliation of GAAP net income to non-GAAP net income

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Net income attributable to RCIHH common stockholders

$

3,231

Ìý

Ìý

$

774

Ìý

Ìý

$

12,255

Ìý

Ìý

$

8,000

Ìý

Amortization of intangibles

Ìý

577

Ìý

Ìý

Ìý

640

Ìý

Ìý

Ìý

1,157

Ìý

Ìý

Ìý

1,299

Ìý

Impairment of assets

Ìý

1,780

Ìý

Ìý

Ìý

8,033

Ìý

Ìý

Ìý

1,780

Ìý

Ìý

Ìý

8,033

Ìý

Settlement of lawsuits

Ìý

127

Ìý

Ìý

Ìý

167

Ìý

Ìý

Ìý

306

Ìý

Ìý

Ìý

167

Ìý

Stock-based compensation

Ìý

118

Ìý

Ìý

Ìý

471

Ìý

Ìý

Ìý

588

Ìý

Ìý

Ìý

941

Ìý

Loss (gain) on sale of businesses and assets

Ìý

220

Ìý

Ìý

Ìý

(5

)

Ìý

Ìý

(1,186

)

Ìý

Ìý

(8

)

Gain on insurance

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

(1,017

)

Ìý

Ìý

�

Ìý

Gain on lease termination

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

(979

)

Ìý

Ìý

�

Ìý

Net income tax effect

Ìý

(263

)

Ìý

Ìý

(1,701

)

Ìý

Ìý

47

Ìý

Ìý

Ìý

(1,921

)

Non-GAAP net income

$

5,790

Ìý

Ìý

$

8,379

Ìý

Ìý

$

12,951

Ìý

Ìý

$

16,511

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Reconciliation of GAAP diluted earnings per share to non-GAAP diluted earnings per share

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Diluted shares

Ìý

8,861,854

Ìý

Ìý

Ìý

9,350,292

Ìý

Ìý

Ìý

8,891,638

Ìý

Ìý

Ìý

9,358,768

Ìý

GAAP diluted earnings per share

$

0.36

Ìý

Ìý

$

0.08

Ìý

Ìý

$

1.38

Ìý

Ìý

$

0.85

Ìý

Amortization of intangibles

Ìý

0.07

Ìý

Ìý

Ìý

0.07

Ìý

Ìý

Ìý

0.13

Ìý

Ìý

Ìý

0.14

Ìý

Impairment of assets

Ìý

0.20

Ìý

Ìý

Ìý

0.86

Ìý

Ìý

Ìý

0.20

Ìý

Ìý

Ìý

0.86

Ìý

Settlement of lawsuits

Ìý

0.01

Ìý

Ìý

Ìý

0.02

Ìý

Ìý

Ìý

0.03

Ìý

Ìý

Ìý

0.02

Ìý

Stock-based compensation

Ìý

0.01

Ìý

Ìý

Ìý

0.05

Ìý

Ìý

Ìý

0.07

Ìý

Ìý

Ìý

0.10

Ìý

Loss (gain) on sale of businesses and assets

Ìý

0.02

Ìý

Ìý

Ìý

0.00

Ìý

Ìý

Ìý

(0.13

)

Ìý

Ìý

0.00

Ìý

Gain on insurance

Ìý

0.00

Ìý

Ìý

Ìý

0.00

Ìý

Ìý

Ìý

(0.11

)

Ìý

Ìý

0.00

Ìý

Gain on lease termination

Ìý

0.00

Ìý

Ìý

Ìý

0.00

Ìý

Ìý

Ìý

(0.11

)

Ìý

Ìý

0.00

Ìý

Net income tax effect

Ìý

(0.03

)

Ìý

Ìý

(0.18

)

Ìý

Ìý

0.01

Ìý

Ìý

Ìý

(0.21

)

Non-GAAP diluted earnings per share

$

0.65

Ìý

Ìý

$

0.90

Ìý

Ìý

$

1.46

Ìý

Ìý

$

1.76

Ìý

Reconciliation of GAAP operating income to non-GAAP operating income

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Income from operations

$

8,171

Ìý

Ìý

$

4,657

Ìý

Ìý

$

22,077

Ìý

Ìý

$

17,822

Ìý

Amortization of intangibles

Ìý

577

Ìý

Ìý

Ìý

640

Ìý

Ìý

Ìý

1,157

Ìý

Ìý

Ìý

1,299

Ìý

Impairment of assets

Ìý

1,780

Ìý

Ìý

Ìý

8,033

Ìý

Ìý

Ìý

1,780

Ìý

Ìý

Ìý

8,033

Ìý

Settlement of lawsuits

Ìý

127

Ìý

Ìý

Ìý

167

Ìý

Ìý

Ìý

306

Ìý

Ìý

Ìý

167

Ìý

Stock-based compensation

Ìý

118

Ìý

Ìý

Ìý

471

Ìý

Ìý

Ìý

588

Ìý

Ìý

Ìý

941

Ìý

Loss (gain) on sale of businesses and assets

Ìý

220

Ìý

Ìý

Ìý

(5

)

Ìý

Ìý

(1,186

)

Ìý

Ìý

(8

)

Gain on insurance

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

(1,017

)

Ìý

Ìý

�

Ìý

Non-GAAP operating income

$

10,993

Ìý

Ìý

$

13,963

Ìý

Ìý

$

23,705

Ìý

Ìý

$

28,254

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Reconciliation of GAAP operating margin to non-GAAP operating margin

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

GAAP operating margin

Ìý

12.4

%

Ìý

Ìý

6.4

%

Ìý

Ìý

16.1

%

Ìý

Ìý

12.2

%

Amortization of intangibles

Ìý

0.9

%

Ìý

Ìý

0.9

%

Ìý

Ìý

0.8

%

Ìý

Ìý

0.9

%

Impairment of assets

Ìý

2.7

%

Ìý

Ìý

11.1

%

Ìý

Ìý

1.3

%

Ìý

Ìý

5.5

%

Settlement of lawsuits

Ìý

0.2

%

Ìý

Ìý

0.2

%

Ìý

Ìý

0.2

%

Ìý

Ìý

0.1

%

Stock-based compensation

Ìý

0.2

%

Ìý

Ìý

0.7

%

Ìý

Ìý

0.4

%

Ìý

Ìý

0.6

%

Loss (gain) on sale of businesses and assets

Ìý

0.3

%

Ìý

Ìý

0.0

%

Ìý

Ìý

(0.9

)%

Ìý

Ìý

0.0

%

Gain on insurance

Ìý

0.0

%

Ìý

Ìý

0.0

%

Ìý

Ìý

(0.7

)%

Ìý

Ìý

0.0

%

Non-GAAP operating margin

Ìý

16.7

%

Ìý

Ìý

19.3

%

Ìý

Ìý

17.3

%

Ìý

Ìý

19.3

%

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Reconciliation of net cash provided by operating activities to free cash flow

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Net cash provided by operating activities

$

8,547

Ìý

Ìý

$

10,836

Ìý

Ìý

$

21,891

Ìý

Ìý

$

24,469

Ìý

Less: Maintenance capital expenditures

Ìý

1,611

Ìý

Ìý

Ìý

2,011

Ìý

Ìý

Ìý

2,887

Ìý

Ìý

Ìý

2,994

Ìý

Free cash flow

$

6,936

Ìý

Ìý

$

8,825

Ìý

Ìý

$

19,004

Ìý

Ìý

$

21,475

Ìý

RCI HOSPITALITY HOLDINGS, INC.

NON-GAAP SEGMENT INFORMATION

($ in thousands)

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

For the Three Months Ended March 31, 2025

Ìý

For the Three Months Ended March 31, 2024

Ìý

Nightclubs

Ìý

Bombshells

Ìý

Other

Ìý

Corporate

Ìý

Total

Ìý

Nightclubs

Ìý

Bombshells

Ìý

Other

Ìý

Corporate

Ìý

Total

Income (loss) from operations

$

14,603

Ìý

Ìý

$

(227

)

Ìý

$

(680

)

Ìý

$

(5,525

)

Ìý

$

8,171

Ìý

Ìý

$

11,021

Ìý

Ìý

$

699

Ìý

Ìý

$

(277

)

Ìý

$

(6,786

)

Ìý

$

4,657

Ìý

Amortization of intangibles

Ìý

572

Ìý

Ìý

Ìý

1

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

4

Ìý

Ìý

Ìý

577

Ìý

Ìý

Ìý

589

Ìý

Ìý

Ìý

47

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

4

Ìý

Ìý

Ìý

640

Ìý

Impairment of assets

Ìý

1,780

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

1,780

Ìý

Ìý

Ìý

8,033

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

8,033

Ìý

Settlement of lawsuits

Ìý

97

Ìý

Ìý

Ìý

30

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

127

Ìý

Ìý

Ìý

167

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

167

Ìý

Stock-based compensation

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

118

Ìý

Ìý

Ìý

118

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

471

Ìý

Ìý

Ìý

471

Ìý

Loss (gain) on sale of businesses and assets

Ìý

93

Ìý

Ìý

Ìý

129

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

(2

)

Ìý

Ìý

220

Ìý

Ìý

Ìý

7

Ìý

Ìý

Ìý

4

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

(16

)

Ìý

Ìý

(5

)

Non-GAAP operating income (loss)

$

17,145

Ìý

Ìý

$

(67

)

Ìý

$

(680

)

Ìý

$

(5,405

)

Ìý

$

10,993

Ìý

Ìý

$

19,817

Ìý

Ìý

$

750

Ìý

Ìý

$

(277

)

Ìý

$

(6,327

)

Ìý

$

13,963

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

GAAP operating margin

Ìý

25.4

%

Ìý

Ìý

(2.8

)%

Ìý

Ìý

(641.5

)%

Ìý

Ìý

(8.4

)%

Ìý

Ìý

12.4

%

Ìý

Ìý

18.6

%

Ìý

Ìý

5.5

%

Ìý

Ìý

(197.9

)%

Ìý

Ìý

(9.4

)%

Ìý

Ìý

6.4

%

Non-GAAP operating margin

Ìý

29.8

%

Ìý

Ìý

(0.8

)%

Ìý

Ìý

(641.5

)%

Ìý

Ìý

(8.2

)%

Ìý

Ìý

16.7

%

Ìý

Ìý

33.4

%

Ìý

Ìý

5.9

%

Ìý

Ìý

(197.9

)%

Ìý

Ìý

(8.8

)%

Ìý

Ìý

19.3

%

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

For the Six Months Ended March 31, 2025

Ìý

For the Six Months Ended March 31, 2024

Ìý

Nightclubs

Ìý

Bombshells

Ìý

Other

Ìý

Corporate

Ìý

Total

Ìý

Nightclubs

Ìý

Bombshells

Ìý

Other

Ìý

Corporate

Ìý

Total

Income (loss) from operations

$

35,485

Ìý

Ìý

$

1,744

Ìý

Ìý

$

(851

)

Ìý

$

(14,301

)

Ìý

$

22,077

Ìý

Ìý

$

31,390

Ìý

Ìý

$

785

Ìý

Ìý

$

(473

)

Ìý

$

(13,880

)

Ìý

$

17,822

Ìý

Amortization of intangibles

Ìý

1,146

Ìý

Ìý

Ìý

2

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

9

Ìý

Ìý

Ìý

1,157

Ìý

Ìý

Ìý

1,180

Ìý

Ìý

Ìý

110

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

9

Ìý

Ìý

Ìý

1,299

Ìý

Impairment of assets

Ìý

1,780

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

1,780

Ìý

Ìý

Ìý

8,033

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

8,033

Ìý

Settlement of lawsuits

Ìý

276

Ìý

Ìý

Ìý

30

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

306

Ìý

Ìý

Ìý

167

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

167

Ìý

Stock-based compensation

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

588

Ìý

Ìý

Ìý

588

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

941

Ìý

Ìý

Ìý

941

Ìý

Loss (gain) on sale of businesses and assets

Ìý

109

Ìý

Ìý

Ìý

(1,201

)

Ìý

Ìý

�

Ìý

Ìý

Ìý

(94

)

Ìý

Ìý

(1,186

)

Ìý

Ìý

6

Ìý

Ìý

Ìý

4

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

(18

)

Ìý

Ìý

(8

)

Gain on insurance

Ìý

(1,017

)

Ìý

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

(1,017

)

Ìý

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Ìý

Ìý

�

Ìý

Non-GAAP operating income (loss)

$

37,779

Ìý

Ìý

$

575

Ìý

Ìý

$

(851

)

Ìý

$

(13,798

)

Ìý

$

23,705

Ìý

Ìý

$

40,776

Ìý

Ìý

$

899

Ìý

Ìý

$

(473

)

Ìý

$

(12,948

)

Ìý

$

28,254

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

GAAP operating margin

Ìý

29.8

%

Ìý

Ìý

9.8

%

Ìý

Ìý

(306.1

)%

Ìý

Ìý

(10.4

)%

Ìý

Ìý

16.1

%

Ìý

Ìý

26.1

%

Ìý

Ìý

3.1

%

Ìý

Ìý

(167.1

)%

Ìý

Ìý

(9.5

)%

Ìý

Ìý

12.2

%

Non-GAAP operating margin

Ìý

31.7

%

Ìý

Ìý

3.2

%

Ìý

Ìý

(306.1

)%

Ìý

Ìý

(10.0

)%

Ìý

Ìý

17.3

%

Ìý

Ìý

33.9

%

Ìý

Ìý

3.5

%

Ìý

Ìý

(167.1

)%

Ìý

Ìý

(8.9

)%

Ìý

Ìý

19.3

%

Ìý

Media & Investor Contacts

Gary Fishman and Michael Wichman at 212-883-0655 or [email protected] and [email protected].

Source: RCI Hospitality Holdings, Inc.

Rci Hospitality

NASDAQ:RICK

RICK Rankings

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RICK Stock Data

353.41M
8.02M
8.29%
51.65%
5.72%
Restaurants
Retail-eating Places
United States
HOUSTON