Businesswire·2026-03-19 20:05Core Insights - RCI Hospitality Holdings, Inc. reported a decline in total revenues for the fiscal year 2025, with total revenues of $279.4 million compared to $295.6 million in fiscal year 2024, representing a decrease of 5.5% [1][3] - The company experienced a net loss attributable to common stockholders of $5.5 million in the fourth quarter of 2025, compared to a net income of $0.2 million in the same period last year [1][3] - The company is focusing on a 5-Year Capital Allocation Plan aimed at improving operations and reducing debt, with a share count reduction of approximately 14% since the end of fiscal 2024 [4][5] Financial Performance - Total revenues for 4Q25 were $70.9 million, down from $73.2 million in 4Q24, marking a decrease of 3.1% [1][3] - The company reported a non-GAAP EPS of $(0.12) for 4Q25, compared to $1.63 in 4Q24, indicating a significant decline [1][3] - Adjusted EBITDA for FY25 was $52.6 million, down from $72.6 million in FY24, reflecting a decrease of 27.6% [1][3] Segment Performance - Nightclubs segment revenues were $60.9 million in 4Q25, a slight increase of 0.4% from $60.6 million in 4Q24, despite a 4.4% decline in same-store sales [5][6] - Bombshells segment revenues fell by 21.4% to $9.4 million in 4Q25, primarily due to the closure of underperforming locations and a 19.5% decline in same-store sales [7][8] - The corporate segment expenses increased significantly to $15.4 million in 4Q25, compared to $7.1 million in 4Q24, largely due to a legal accrual [9] Cash Flow and Debt Management - Net cash provided by operating activities was $13.7 million in 4Q25, down from $15.7 million in 4Q24 [3][36] - Free cash flow remained relatively stable at $13.1 million in 4Q25 compared to $13.2 million in 4Q24 [3][36] - The company reduced its debt to $235.8 million as of September 30, 2025, a decrease of 2.3% from the previous quarter [11]