Filing Flows › Rave Restaurant Group (RAVE) › Q1 FY26
Rave Restaurant Group (RAVE) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 6, 2025
Rave Restaurant Group (RAVE) reported revenue of $3.2M for the first quarter fiscal 2026 (Q1 FY26), +5% from a year earlier and +2% from the quarter before. Operating margin was 23.4%, net earnings $645K (20.1% of revenue).
Rave Restaurant Group, Q1 FY26: revenue $3.2M (+5% year over year), operating margin 23.4%, net earnings $645K, operating cash flow $608K. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.2M | +2% | +5% |
| Operating profit | $752K | -33% | +23% |
| Net earnings | $645K | -24% | +23% |
| Operating cash flow | $608K | -49% | +15% |
| Free cash flow | $600K | -49% | +13% |
What changed
Revenue was $3.2M in Q1 FY26, up 5% year over year and up 2% from the previous quarter. Supplier and Distributor Incentive Revenues was the largest line at 40% of revenue. Supplier and Distributor Incentive Revenues added $83K year over year (up 7%), 51% of the total change. Franchise License Fees declined 18%.
Operating profit was $752K, a 23.4% margin (up 3.4 points year over year). Of the extra revenue versus a year earlier, 88% reached operating profit, above the 20% margin then. Total costs grew 1% against revenue growth of 5%. Net earnings were $645K, up 23% year over year. The effective tax rate was 24.2%.
Operating cash flow was $608K (up 15% year over year), 94% of net earnings. Non-cash charges added back $42K of depreciation and amortization and $38K of share-based compensation. Working capital and other items used $117K. Capital expenditures of $8K left free cash flow of $600K.
Questions
What was Rave Restaurant Group's revenue in the first quarter fiscal 2026?
Rave Restaurant Group (RAVE) reported revenue of $3.2M for the first quarter fiscal 2026 (Q1 FY26), +5% from a year earlier and +2% from the quarter before.
Was Rave Restaurant Group profitable in the first quarter fiscal 2026?
Operating profit was $752K (23.4% of revenue) and net earnings $645K.