RICK 8-K SEC Filing Analysis

Latest settled — T+5d

RICK ▼ -2.80% at T+5d

NEUTRAL call ✗ call lost -2.80% · α vs SPY -0.30% · entry $25.37 → $24.66

Next anchor: T+20d in 13d

Currently $27.34 · +7.77% from $25.37 entry

Entry anchored
May 28, 03:59 PM ET
via Databento tick

T+1d

+0.51%

call +0.51% · α +0.25%

$25.50

settled 15d ago

T+5d

-2.80%

call -2.80% · α -0.30%

$24.66

settled 9d ago

T+20d

—

call — · α —

—

in 13d

T+60d

—

call — · α —

—

in 2mo

Price Chart

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Executive Summary

RCI Hospitality reported fiscal Q2 2026 results with total revenue of $68.7M (+4.3% YoY) and GAAP EPS of -$0.04, weighed down by $7.6M in impairment charges. Non-GAAP EPS improved to $0.78 from $0.65 YoY, while operating cash flow rose to $9.9M from $8.5M. The Nightclubs segment grew revenue 4.8% YoY, but GAAP operating margin compressed to 5.5% from 12.4% due to impairments.

Key Financial Metrics

Free Cash Flow

$8.4M

Gross Margin

87.2%

Actionable Insight

The core business (non-GAAP) is improving with higher revenue, cash flow, and adjusted EBITDA, but recurring large impairment charges obscure the picture. Watch for clarity on impairment drivers and whether the share buyback program can sustain EPS growth without further debt accumulation.

Key Facts

Q2 2026 total revenue $68.7M vs $65.9M YoY (+4.3%)
GAAP EPS -$0.04 vs $0.36 YoY, driven by $7.6M in impairment charges
Non-GAAP EPS $0.78 vs $0.65 YoY (+20%)
Nightclubs segment revenue $60.3M (+4.8% YoY); same-store sales nearly flat
Bombshells segment revenue $8.4M (+1.6% YoY); same-store sales declined
Adjusted EBITDA $15.6M vs $14.2M YoY (+9.9%)
Operating cash flow $9.9M vs $8.5M YoY (+16.5%)
Free cash flow $8.4M vs $6.9M YoY (+21.7%)
Debt $248.7M, down 3% from Q1 2026; up 3% YoY
Share count reduced 12.6% YoY via buybacks; ~7.64M shares outstanding as of May 22, 2026

Financial Impact

Non-GAAP EPS beat prior year by $0.13 (+20%), but GAAP loss due to $7.6M impairment. Operating cash flow improved $1.4M YoY.

revenueepsoperatingIncomecashFlowdebt

Risk Factors

Recurring impairment charges ($7.6M in Q2, $7.3M in Q1) may signal asset quality issues
Bombshells segment remains unprofitable on both GAAP and non-GAAP basis
Debt of $248.7M vs market cap of ~$192M implies elevated leverage
Same-store sales nearly flat in Nightclubs and declining in Bombshells

Market Snapshot

Exchange

Nasdaq

Sector

Retail-Eating Places

Analyst Consensus

86% bullish (7 analysts)

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001628280-26-038799
Document: 0001628280-26-038799-index-headers.html	0001628280-26-038799
Document: 0001628280-26-038799-index.html	0001628280-26-038799
Document: 0001628280-26-038799.txt	0001628280-26-038799
8-K Data (Synthetic)	0001628280-26-038799

5 reports for RICK

T+1T+5T+20T+60

67% Hit rate 2 of 3 directional calls best @ T+1▲ +4.10%May 7, 2026

Filters

Reports for RICK — sortable, filterable
	Type				Now
Jun 1, 2026 11d ago	8-K NEUTRAL ★ 3/10	$25.50 $24.66	▼ −3.29%	▼ −0.54%	$27.34 (+7.22%)
May 28, 2026 15d ago	8-K MIXED ★ 5/10	$25.37 $24.66	▼ −2.80%	▼ −0.30%	$27.34 (+7.77%)
May 22, 2026 21d ago	8-K BEARISH ★ 6/10	$24.11 $25.07	▼ −3.98%	▼ −2.77%	$27.34 (−13.40%)
May 7, 2026 5w ago	8-K BEARISH ★ 6/10	$25.35 $24.71	▲ +2.52%	▲ +3.99%	$27.34 (−7.85%)
Apr 9, 2026 9w ago	8-K BEARISH ★ 7/10	$24.28 $24.65	▼ −1.52%	▲ +1.66%	$27.34 (−12.60%)

US Market Status

Market Closed — Opens Mon (52h 12m)

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