RAVE Restaurant Group
Franchisor of Pizza Inn buffets and Pie Five made-to-order pizza.
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Profile
Franchises Pizza Inn buffet, dine-in and limited-service formats and Pie Five's customized fast-casual pizza restaurants. Runs an asset-light system with no company-operated restaurants in its year-end count, earning mainly royalties and distributor incentives tied to franchisee sales, restaurant count and product volumes.
Manages Pizza Inn, a family-oriented pizza buffet and dine-in franchise founded in 1958, alongside Pie Five, a made-to-order fast-casual pizza concept. Pizza Inn also reaches non-traditional venues through Pizza Inn Express kiosks, while both brands can use ghost kitchens for third-party delivery. The domestic footprint is concentrated in the southern United States, with Pizza Inn also present in Honduras, New Zealand and the Middle East.
Operates an asset-light franchise and licensing system rather than company-run restaurants. Revenue comes chiefly from royalties linked to franchisee retail sales and incentives tied to products distributed through third parties. The business depends on franchisee execution, restaurant count and sales, distributor relationships, and Pizza Inn, which supplies most franchising revenue. Buffet locations remain the core Pizza Inn format.
Company facts
Categories
Key statistics
Year to date −2.8% · Average volume (30d) 24.0K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| May 7, 2026Q3 FY26 | — | $0.06 | — | — | $3.2M | — | −3.78% |
| Feb 5, 2026Q2 FY26 | — | $0.04 | — | — | $3.0M | — | +2.20% |
| Nov 6, 2025Q1 FY26 | — | $0.05 | — | — | $3.2M | — | +1.06% |
| Sep 25, 2025Q4 FY25 | — | $0.06 | — | — | $3.2M | — | +1.17% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.9M | $3.0M | $3.2M | $3.2M | $3.0M | $3.2M | |
| Gross profit | $2.0M | $2.2M | $2.3M | $2.2M | $2.3M | $2.4M | |
| Operating income | $664.0K | $866.0K | $1.1M | $752.0K | $742.0K | $965.0K | |
| Net income | $607.0K | $722.0K | $847.0K | $645.0K | $637.0K | $800.0K | |
| Diluted EPS | $0.04 | $0.05 | $0.06 | $0.05 | $0.04 | $0.06 | |
| Gross margin | 71.1% | 74.1% | 73.1% | 67.7% | 75.9% | 75.5% | |
| Operating margin | 23.1% | 29.2% | 35.6% | 23.4% | 24.4% | 29.9% |
Fiscal years (4-quarter sums)FY21 $8.6M · FY22 $10.7M · FY23 $11.9M · FY24 $12.2M · FY25 $12.0M
Revenue by geography · FY25
Balance sheet, Mar 29, 2026Cash & short-term investments $12.0M · Total debt $299.0K · Total assets $18.6M · Shareholders' equity $16.4M
Dividends
No dividends on record.
Ownership
Shares outstanding 14.21M · Float 10.26M · 72.2% free float
Insiders — no current Form 4 position.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Bares Brian Timothy | 1.39M | 9.80% | 13G | Sep 15, 2025 |
| Vanguard Capital Management LLC | 223.4K | 1.57% | 13F | May 15, 2026 |
| Watchman Group, Inc. | 182.8K | 1.29% | 13F | Apr 20, 2026 |
| Renaissance Technologies LLC | 177.1K | 1.25% | 13F | May 14, 2026 |
| Saber Capital Managment, LLC | 160.5K | 1.13% | 13F | May 6, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Domino's Pizza
Delivery, carryout and digital-ordering leader for pizza occasions.
- Yum! Brands
Pizza Hut spans family pizza, delivery and carryout occasions.
- Papa Johns
National delivery and carryout chain for the same pizza occasions.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| RAVE Restaurant Group | $3.13 | +0.97% | $44.5M | 15.2 | — | 3.5 | +8.7% |
| Domino's Pizza | $348.74 | −0.38% | $11.58B | 19.9 | 17.3 | 2.3 | +4.3% |
| Yum! Brands | $153.86 | 0.00% | $42.41B | 19.3 | 22.6 | 4.9 | +12.2% |
| Papa Johns | $23.90 | +0.80% | $780.4M | 30.0 | 20.6 | 0.4 | −8.8% |
| Median | 19.9 | 20.6 | 2.3 | +4.3% |