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RCI Hospitality Holdings, Inc., through its subsidiaries, engages in the hospitality and related businesses in the United States. The company operates through Nightclubs, Bombshells, and Other segments. It owns and/or operates upscale adult nightclubs under the Rick's Cabaret, Jaguars Club, Tootsie's Cabaret, XTC Cabaret, Club Onyx, Hoops Cabaret and Sports Bar, Scarlett's Cabaret, Diamond Cabaret, Cheetah Gentlemen's Club, PT's Showclub, Playmates Club, Country Rock Cabaret, Temptations Adult Cabaret, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Cabaret East, The Seville, Silver City Cabaret, Heartbreakers Gentlemen's Club, Kappa Men's Club, Baby Dolls, and Chicas Locas brands; and a dance club under the Studio 80 brand. The company also owns and operates restaurants and sports bars under the Bombshells Restaurant & Bar brand. In addition, it owns national industry conventions and trade shows; national industry trade publications; and national industry award shows, as well as industry and social media websites, which serves adult nightclubs industry and the adult retail products industry. Further, it holds license to sell Robust Energy Drink in the United States. The company was formerly known as Rick's Cabaret International, Inc. and changed its name to RCI Hospitality Holdings, Inc. in August 2014. RCI Hospitality Holdings, Inc. was founded in 1983 and is headquartered in Houston, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $279M | $47M | $11M | $35M | 4.1% | -5.5% | 259.1% |
| 2024 | $296M | $35M | $3M | $31M | 1.1% | 0.6% | -89.7% |
| 2023 | $294M | $67M | $29M | $19M | 10.4% | 9.8% | -36.5% |
| 2022 | $268M | $84M | $46M | $41M | 19.0% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 267.62 | 293.79 | 295.60 | 279.43 |
| Cost Of Revenue | 104.46 | 118.50 | 125.16 | 120.30 |
| Gross Profit | 163.16 | 175.29 | 170.44 | 159.13 |
| Operating Expense | 91.24 | 108.17 | 115.07 | 122.92 |
| Operating Income | 71.93 | 67.11 | 55.38 | 36.22 |
| EBITDA | 84.47 | 67.02 | 34.68 | 46.88 |
| EBIT | 72.08 | 51.87 | 19.29 | 31.80 |
| Pretax Income | 60.13 | 35.95 | 2.61 | 15.45 |
| Tax Provision | 14.07 | 6.85 | -0.41 | 4.61 |
| Net Income | 46.04 | 29.25 | 3.01 | 10.81 |
| Net Income Common Stockholders | 46.04 | 29.25 | 3.01 | 10.81 |
| Total Expenses | 195.69 | 226.68 | 240.23 | 243.22 |
| Interest Expense | 11.95 | 15.93 | 16.68 | 16.35 |
| Interest Income | 0.41 | 0.39 | 0.48 | 0.56 |
| Selling General And Administration | 65.62 | 76.13 | 78.81 | 88.56 |
| Normalized EBITDA | 84.94 | 82.65 | 71.25 | 51.86 |
| Normalized Income | 46.40 | 41.91 | 31.90 | 14.31 |
| Basic EPS | 4.91 | 3.13 | 0.33 | 1.23 |
| Diluted EPS | 4.91 | 3.13 | 0.33 | 1.23 |
| Tax Effect Of Unusual Items | -0.11 | -2.97 | -7.68 | -1.48 |
| Tax Rate For Calcs | 0.23 | 0.19 | 0.21 | 0.30 |
| Total Unusual Items | -0.47 | -15.63 | -36.57 | -4.98 |
| Total Unusual Items Excluding Goodwill | -0.47 | -15.63 | -36.57 | -4.98 |
| Net Income From Continuing Operation Net Minority Interest | 46.04 | 29.25 | 3.01 | 10.81 |
| Reconciled Depreciation | 12.39 | 15.15 | 15.39 | 15.08 |
| Reconciled Cost Of Revenue | 104.46 | 118.50 | 125.16 | 120.30 |
| Net Interest Income | -11.54 | -15.54 | -16.20 | -15.79 |
| Net Income From Continuing And Discontinued Operation | 46.04 | 29.25 | 3.01 | 10.81 |
| Rent Expense Supplemental | 6.71 | 7.21 | 7.10 | 6.41 |
| Total Operating Income As Reported | 71.46 | 51.48 | 18.80 | 30.27 |
| Diluted Average Shares | 9.38 | 9.34 | 9.25 | 8.82 |
| Basic Average Shares | 9.38 | 9.34 | 9.25 | 8.82 |
| Diluted NI Availto Com Stockholders | 46.04 | 29.25 | 3.01 | 10.81 |
| Minority Interests | -0.02 | 0.15 | -0.01 | -0.03 |
| Net Income Including Noncontrolling Interests | 46.06 | 29.10 | 3.02 | 10.84 |
| Net Income Continuous Operations | 46.06 | 29.10 | 3.02 | 10.84 |
| Other Income Expense | -0.26 | -15.63 | -36.57 | -4.98 |
| Other Non Operating Income Expenses | 0.21 | 0 | 0 | 0 |
| Special Income Charges | -0.47 | -15.63 | -36.57 | -4.98 |
| Gain On Sale Of Business | 2.38 | 0.68 | 2.14 | 0.98 |
| Other Special Charges | 0.95 | 3.68 | 0.19 | 0.62 |
| Write Off | 1.89 | 12.63 | 38.52 | 5.34 |
| Gain On Sale Of Security | 0 | 0 | 0 | 0 |
| Net Non Operating Interest Income Expense | -11.54 | -15.54 | -16.20 | -15.79 |
| Interest Expense Non Operating | 11.95 | 15.93 | 16.68 | 16.35 |
| Interest Income Non Operating | 0.41 | 0.39 | 0.48 | 0.56 |
| Other Operating Expenses | 3.75 | 4.92 | 4.69 | 5.09 |
| Other Taxes | 9.47 | 11.97 | 16.18 | 14.19 |
| Depreciation Amortization Depletion Income Statement | 12.39 | 15.15 | 15.39 | 15.08 |
| Depreciation And Amortization In Income Statement | 12.39 | 15.15 | 15.39 | 15.08 |
| Selling And Marketing Expense | 9.86 | 11.93 | 12.46 | 11.51 |
| General And Administrative Expense | 55.77 | 64.21 | 66.34 | 77.05 |
| Other Gand A | 36.55 | 44.14 | 44.30 | 54.25 |
| Insurance And Claims | 10.15 | 10.27 | 13.06 | 15.02 |
| Rent And Landing Fees | 6.71 | 7.21 | 7.10 | 6.41 |
| Salaries And Wages | 2.35 | 2.59 | 1.88 | 1.37 |
| Operating Revenue | 251.50 | 274.75 | 276.19 | 259.17 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| RCI Hospitality Holdings, Inc.this co. | RICK | $220M | 20.50↓ discount | 0.84 | 4.1% | 8.28 |
| Escalade, Incorporated | ESCA | $242M | 17.72 | 1.39 | 7.9% | 10.43 |
| Funko, Inc. | FNKO | $238M | - | 1.27 | -36.2% | 35.98 |
| Jack in the Box Inc. | JACK | $235M | - | -0.25 | 8.6% | 11.54 |
| Flexsteel Industries, Inc. | FLXS |
| $232M |
| 10.38 |
| 1.64 |
| 12.0% |
| 7.51 |
| The Lovesac Company | LOVE | $231M | 55.79 | 1.04 | 1.9% | 15.51 |
| 1-800-FLOWERS.COM, Inc. | FLWS | $224M | - | 0.77 | -74.5% | -13.32 |
| Black Rock Coffee Bar, Inc. | BRCB | $221M | - | 4.68 | -0.1% | 31.19 |
| Motorcar Parts of America, Inc. | MPAA | $211M | 121.89 | 0.82 | -7.6% | 7.40 |
| Peer Median | - | 36.75 | 1.16 | 0.9% | 10.98 | |