RCI Hospitality Holdings Q1 2025 Update

TL;DR

RCI Hospitality Holdings Q1 2025: Revenue details for alcoholic beverages, food, and services released.

AI Summary

RCI Hospitality Holdings, Inc. filed its 10-Q for the period ending December 31, 2024. The company reported revenue from Alcoholic Beverages, Food and Merchandise, and Service and Other segments. Specific financial figures for these segments during the first quarter of fiscal year 2025 compared to the same period in fiscal year 2024 are detailed within the filing.

Why It Matters

This filing provides investors with a quarterly financial snapshot of RCI Hospitality Holdings, Inc., detailing revenue streams and performance against the prior year's quarter.

Risk Assessment

Risk Level: medium — The filing contains detailed financial information, but the overall risk level is medium due to the inherent volatility in the hospitality and entertainment sectors.

Key Numbers

• N/A — Total Revenue (Specific revenue figures for Q1 2025 and Q1 2024 are detailed by segment within the filing.)
• N/A — Alcoholic Beverages Revenue (Segment revenue for Q1 2025 and Q1 2024.)
• N/A — Food and Merchandise Revenue (Segment revenue for Q1 2025 and Q1 2024.)
• N/A — Service and Other Revenue (Segment revenue for Q1 2025 and Q1 2024.)

Key Players & Entities

• RCI Hospitality Holdings, Inc. (company) — Filer
• 2024-12-31 (date) — Fiscal Period End
• 2025-02-10 (date) — Filing Date

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common stock, $0.01 par value RICK The Nasdaq Global Market

Filing Documents

• rick-20241231.htm (10-Q) — 1053KB
• rick-20241231x10qxex311.htm (EX-31.1) — 10KB
• rick-20241231x10qxex312.htm (EX-31.2) — 10KB
• rick-20241231x10qxex32.htm (EX-32) — 7KB
• 0001628280-25-004638.txt ( ) — 5272KB
• rick-20241231.xsd (EX-101.SCH) — 34KB
• rick-20241231_cal.xml (EX-101.CAL) — 82KB
• rick-20241231_def.xml (EX-101.DEF) — 121KB
• rick-20241231_lab.xml (EX-101.LAB) — 486KB
• rick-20241231_pre.xml (EX-101.PRE) — 317KB
• rick-20241231_htm.xml (XML) — 669KB

Financial Statements

Financial Statements 4 Condensed Consolidated Balance Sheets as of December 31 , 2024 , (unaudited) and September 30, 202 4 4 Condensed Consolidated Statements of Income (unaudited) for the three months ended December 31 , 2024 , and 2023 5 Condensed Consolidated Statements of Changes in Equity (unaudited) for the three months ended December 3 1 , 2024 , and 2023 6 Condensed Consolidated Statements of Cash Flows (unaudited) for the thre e months ended December 31 , 2024 , and 2023 7 Notes to Condensed Consolidated Financial Statements (unaudited) 8 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 20 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 31 Item 4.

Controls and Procedures

Controls and Procedures 31 PART II OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 33 Item1A.

Risk Factors

Risk Factors 33 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 33 Item 6. Exhibits 34

Signatures

Signatures 35 3 Table of Contents

FINANCIAL INFORMATION

PART I FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. RCI HOSPITALITY HOLDINGS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except par value and number of shares) December 31, 2024 September 30, 2024 (unaudited) ASSETS Current assets Cash and cash equivalents $ 34,718 $ 32,350 Receivables, net 3,519 5,832 Inventories 4,640 4,676 Prepaid expenses and other current assets 4,226 4,427 Total current assets 47,103 47,285 Property and equipment, net 282,621 280,075 Operating lease right-of-use assets, net 25,573 26,231 Notes receivable, net of current portion 4,103 4,174 Goodwill 61,911 61,911 Intangibles, net 162,881 163,461 Other assets 2,026 1,227 Total assets $ 586,218 $ 584,364 LIABILITIES AND EQUITY Current liabilities Accounts payable $ 5,010 $ 5,637 Accrued liabilities 20,514 20,280 Current portion of debt obligations, net 17,788 18,871 Current portion of operating lease liabilities 3,008 3,290 Total current liabilities 46,320 48,078 Deferred tax liability, net 22,304 22,693 Debt, net of current portion and debt discount and issuance costs 217,741 219,326 Operating lease liabilities, net of current portion 27,471 30,759 Other long-term liabilities 3,611 398 Total liabilities 317,447 321,254 Commitments and contingencies ( Note 7 ) Equity Preferred stock, $ 0.10 par value per share; 1,000,000 shares authorized; none issued and outstanding — — Common stock, $ 0.01 par value per share; 20,000,000 shares authorized; 8,889,000 and 8,955,000 shares issued and outstanding as of December 31, 2024, and September 30, 2024, respectively 89 90 Additional paid-in capital 58,731 61,511 Retained earnings 210,160 201,759 Total RCIHH stockholders' equity 268,980 263,360 Noncontrolling interests ( 209 ) ( 250 ) Total equity 268,771 263,110 Total liabilities and equity $ 586,218 $ 584,364 See accompanying notes to unaudited condensed consolidated financial statements. 4 Table of Contents RCI HOSPITALITY HOLDINGS, INC. CONDENSED CONSOLIDA

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View this 10-Q filing on SEC EDGAR