Rave Restaurant Group, Inc. filed its Form 10-Q for the quarterly period ended September 27, 2026, reporting first-quarter fiscal 2027 results with revenues of $3,322 thousand and net income of $665 thousand.

Key Highlights

  • Revenues of $3,322 thousand for the three months ended September 27, 2026, compared to $3,213 thousand in the same period a year earlier, according to the filing.
  • Net income of $665 thousand for the quarter, up from $645 thousand in the three months ended September 28, 2025.
  • Operating income of $760 thousand, compared to $752 thousand in the prior-year quarter.
  • Total assets of $20,047 thousand as of September 27, 2026, versus $19,536 thousand at June 28, 2026.
  • Short-term investments of $13,603 thousand at quarter end, up from $12,487 thousand at June 28, 2026.
  • 14,252,910 shares of common stock outstanding as of October 29, 2026, as reported on the cover page.
  • Basic and diluted earnings per share of $0.05 for both the current and prior-year quarters.

Rave Restaurant Group Reports Q1 FY2027 Financial Results

According to the Form 10-Q filed with the SEC for the quarterly period ended September 27, 2026, Rave Restaurant Group, Inc. (NASDAQ:RAVE) reported total revenues of $3,322 thousand, an increase from $3,213 thousand recorded in the three months ended September 28, 2025. Total costs and expenses for the quarter were $2,562 thousand, compared to $2,461 thousand a year earlier, resulting in operating income of $760 thousand versus $752 thousand in the prior-year period.

The filing disclosed income before taxes of $880 thousand, which included interest income of $117 thousand and other income of $3 thousand. Income tax expense was $215 thousand, leaving net income of $665 thousand. Both basic and diluted earnings per share were $0.05, consistent with the prior-year quarter. Weighted average diluted shares outstanding were 14,422 thousand, compared to 14,277 thousand in the year-earlier period.

On the balance sheet, the company reported cash and cash equivalents of $1,227 thousand at September 27, 2026, up from $1,123 thousand at June 28, 2026. Cash provided by operating activities was $1,136 thousand for the quarter, compared to $608 thousand in the same period of the prior year. Total shareholders' equity was $18,031 thousand at quarter end, up from $17,330 thousand at June 28, 2026, with retained earnings rising to $11,157 thousand from $10,492 thousand. The company disclosed that it franchises restaurants under the "Pizza Inn" and "Pie Five Pizza Company" or "Pie Five" trademarks, and noted it "discontinued" licensing pizza kiosks under the "Pizza Inn" trademark during the fiscal year ended June 28, 2026.

What Was Disclosed

Rave Restaurant Group filed its quarterly report covering the three months ended September 27, 2026, disclosing revenues of $3,322 thousand, net income of $665 thousand, total assets of $20,047 thousand, and 14,252,910 shares outstanding as of October 29, 2026.