Filing Flows › Rave Restaurant Group (RAVE) › Q3 FY26
Rave Restaurant Group (RAVE) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed May 7, 2026
Rave Restaurant Group (RAVE) reported revenue of $3.2M for the third quarter fiscal 2026 (Q3 FY26), +9% from a year earlier and +6% from the quarter before. Operating margin was 29.7%, net earnings $800K (24.8% of revenue).
Rave Restaurant Group, Q3 FY26: revenue $3.2M (+9% year over year), operating margin 29.7%, net earnings $800K, operating cash flow $1.1M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.2M | +6% | +9% |
| Operating profit | $957K | +29% | +12% |
| Net earnings | $800K | +26% | +11% |
| Operating cash flow | $1.1M | +271% | +18% |
| Free cash flow | $1.1M | +272% | +15% |
What changed
Revenue was $3.2M in Q3 FY26, up 9% year over year and up 6% from the previous quarter. Supplier and Distributor Incentive Revenues was the largest line at 45% of revenue. Supplier and Distributor Incentive Revenues added $219K year over year (up 18%), 85% of the total change. Franchise License Fees declined 48%.
Operating profit was $1.0M, a 29.7% margin (up 0.9 points year over year). Of the extra revenue versus Q3 FY25, 40% reached operating profit, above the 29% margin then. Total costs grew 7% against revenue growth of 9%. The fastest-growing cost line was General & admin (+12%). Net earnings were $800K, up 11% year over year. The effective tax rate was 24.2%.
Operating cash flow was $1.1M (up 18% year over year), 142% of net earnings. Non-cash charges added back $42K of depreciation and amortization and $111K of share-based compensation. Working capital and other items added $183K. Capital expenditures of $32K left free cash flow of $1.1M.
Questions
What was Rave Restaurant Group's revenue in the third quarter fiscal 2026?
Rave Restaurant Group (RAVE) reported revenue of $3.2M for the third quarter fiscal 2026 (Q3 FY26), +9% from a year earlier and +6% from the quarter before.
Was Rave Restaurant Group profitable in the third quarter fiscal 2026?
Operating profit was $957K (29.7% of revenue) and net earnings $800K.