Financial Performance - Total revenues decreased to $71.1 million in 3Q25 from $76.2 million in 3Q24[20], and to $208.5 million in 9M25 from $222.4 million in 9M24[20] - EPS increased to $0.46 in 3Q25 from $(0.56) in 3Q24[20], and to $1.84 in 9M25 from $0.30 in 9M24[20] - Non-GAAP EPS decreased to $0.77 in 3Q25 from $1.35 in 3Q24[20], and to $2.23 in 9M25 from $3.11 in 9M24[20] - Adjusted EBITDA decreased to $15.3 million in 3Q25 from $20.1 million in 3Q24[20], and to $45.2 million in 9M25 from $54.8 million in 9M24[20] - Free cash flow decreased to $13.3 million in 3Q25 from $13.8 million in 3Q24[20], and to $32.3 million in 9M25 from $35.3 million in 9M24[20] Segment Performance - Nightclubs revenues decreased by $0.5 million or -0.8% in 3Q25 compared to 3Q24[28] - Bombshells revenues decreased by $4.5 million or -34.5% in 3Q25 compared to 3Q24, primarily due to the sale/divestiture of five underperforming locations[35] - Corporate GAAP expenses increased by $1.5 million in 3Q25 compared to 3Q24[42] - Corporate Non-GAAP expenses increased by $1.9 million in 3Q25 compared to 3Q24[42] Capital Allocation and Debt - The company repurchased 75,325 common shares for $3.0 million at an average price of $40.41 per share in 3Q25[18] - Debt, net of loan costs, was $241.3 million as of June 30, 2025[54] - The weighted average interest rate on debt was 6.68% as of June 30, 2025[56] Future Targets - The company aims to generate over $250 million of cumulative free cash flow over the next 5 years[63] - The company targets $400 million in revenue and $75 million in free cash flow by FY29[65]