Filing Flows › Rave Restaurant Group (RAVE) › Q2 FY26
Rave Restaurant Group (RAVE) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 5, 2026
Rave Restaurant Group (RAVE) reported revenue of $3.0M for the second quarter fiscal 2026 (Q2 FY26), +6% from a year earlier and -5% from the quarter before. Operating margin was 24.4%, net earnings $637K (20.9% of revenue).
Rave Restaurant Group, Q2 FY26: revenue $3.0M (+6% year over year), operating margin 24.4%, net earnings $637K, operating cash flow $306K. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.0M | -5% | +6% |
| Operating profit | $742K | -1% | +12% |
| Net earnings | $637K | -1% | +5% |
| Operating cash flow | $306K | -50% | -57% |
| Free cash flow | $297K | -50% | -55% |
What changed
Revenue was $3.0M in Q2 FY26, up 6% year over year and down 5% from the previous quarter. Supplier and Distributor Incentive Revenues was the largest line at 45% of revenue. Supplier and Distributor Incentive Revenues added $205K year over year (up 18%), 118% of the total change. Franchise License Fees declined 44%.
Operating profit was $742K, a 24.4% margin (up 1.2 points year over year). Of the extra revenue versus Q2 FY25, 45% reached operating profit, above the 23% margin then. Total costs grew 4% against revenue growth of 6%. The fastest-growing cost line was General & admin (+16%). Net earnings were $637K, up 5% year over year. The effective tax rate was 24.3%.
Operating cash flow was $306K (down 57% year over year), 48% of net earnings. Non-cash charges added back $42K of depreciation and amortization and $62K of share-based compensation. Working capital and other items used $435K. Capital expenditures of $9K left free cash flow of $297K.
Questions
What was Rave Restaurant Group's revenue in the second quarter fiscal 2026?
Rave Restaurant Group (RAVE) reported revenue of $3.0M for the second quarter fiscal 2026 (Q2 FY26), +6% from a year earlier and -5% from the quarter before.
Was Rave Restaurant Group profitable in the second quarter fiscal 2026?
Operating profit was $742K (24.4% of revenue) and net earnings $637K.