RAVE Restaurant Group (RAVE) Q4 2025 Financial Results Summary

# RAVE Restaurant Group, Inc. (RAVE) Q4 2025 Financial Results Summary

Dallas, Texas – RAVE Restaurant Group, Inc. (NASDAQ: RAVE) reported its financial results for the fourth quarter and fiscal year ended June 29, 2025, on September 25, 2025. Below is a summary of the key highlights from their performance during this period.

## Fourth Quarter Highlights:

– **Net Income**: The company recorded net income of **$0.8 million** for Q4 2025, marking a **3.6% decrease** from the same quarter a year ago.
– **Income Before Taxes**: Increased by **3.8%** to **$1.2 million** in Q4 2025 compared to the previous year.
– **Total Revenue**: Decreased by **$0.2 million** to **$3.2 million**, a **6.0% decline** year-over-year.
– **Adjusted EBITDA**: Fell by **$0.1 million** to **$1.1 million**, reflecting a **7.3% decrease** from the same period last year.
– **Net Income Per Share**: On a fully diluted basis, maintained at **$0.06**, unchanged from the same period of the prior year.

### Comparable Store Sales:

– **Pizza Inn**: Domestic comparable store retail sales rose by **6.3%** in Q4 2025, compared to the same quarter the previous year on a **13-week basis**.
– **Pie Five**: Domestic comparable store retail sales decreased by **7.2%** compared to the same period last year, also on a **13-week basis**.

### Financial Position:

– **Cash and Cash Equivalents**: As of June 29, 2025, totaled **$2.9 million**.
– **Short-term Investments**: Reported at **$7.0 million**.
– **Pizza Inn Domestic Unit Count**: Finished the quarter at **96 units**.
– **Pizza Inn International Unit Count**: Totaled **22 units**.
– **Pie Five Domestic Unit Count**: Reported at **17 units**.

## Annual Highlights:

– **Fiscal Year Duration**: The current fiscal year contained **52 weeks**, while the prior year had **53 weeks**.
– **Net Income**: Increased by **$0.2 million** to **$2.7 million** in FY 2025 compared to **$2.5 million** in FY 2024.
– **Income Before Taxes**: Increased by **$0.5 million** to **$3.6 million** in FY 2025, compared to **$3.1 million** in FY 2024.
– **Total Revenue**: Decreased by **$0.1 million** to a total of **$12.0 million** for FY 2025.
– **Adjusted EBITDA**: Increased by **$0.4 million** to **$3.6 million** for FY 2025.
– **Net Income Per Share**: Improved to **$0.19** in FY 2025 from **$0.17** in FY 2024.

### Comparable Store Sales Growth:

– **RAVE Total Domestic Comparable Store Sales**: Increased by **0.8%** for the year ended June 29, 2025.
– **Pizza Inn**: Domestic comparable store sales rose by **1.9%** for the year.
– **Pie Five**: Saw a decrease of **8.4%** in domestic comparable store sales for the fiscal year.

## Cash Flow:

– **Cash Provided by Operating Activities**: Increased by **$0.6 million** to **$3.4 million** in FY 2025 compared to **$2.8 million** in FY 2024.
– **Cash and Short-term Investments**: Increased by **$2.1 million** during FY 2025, reaching **$9.9 million** as of June 29, 2025.

## Dividends and Share Repurchase:

– The company did not declare a quarterly dividend in the reported period.
– They did, however, engage in a share repurchase of **$1.2 million**, reflecting ongoing efforts to manage shareholder equity.

In summary, RAVE Restaurant Group, despite facing challenges leading to dips in certain revenue and EBITDA figures, continued to maintain a position of profitability and strategic growth, particularly with promotional successes at Pizza Inn and overall cash flow improvements. The company aims to further accelerate growth through ongoing restaurant expansions and promotional strategies into the next fiscal year.