Revenue: As of FY2026 Q3, the actual value is USD 3.223 M.

EPS: As of FY2026 Q3, the actual value is USD 0.06.

EBIT: As of FY2026 Q3, the actual value is USD 859 K.

Third Quarter Fiscal 2026 Highlights (compared to prior year period)

• Net Income: $0.8 million, an increase of 10.8% .
• Income Before Taxes: $1.1 million, an increase of 11.1% .
• Total Revenue: Increased by $0.3 million to $3.2 million, an 8.7% increase .
• Adjusted EBITDA: Increased by $0.2 million to $1.1 million, a 16.4% increase .
• Pizza Inn Domestic Comparable Store Retail Sales: Increased 2.3% .
• Pie Five Domestic Comparable Store Retail Sales: Decreased 11.6% .
• Cash and Short-term Investments: Totaled $12.0 million on March 29, 2026 .
• Pizza Inn Domestic Unit Count: 97, including 82 buffet locations .
• Pizza Inn International Unit Count: 18 .
• Pie Five Domestic Unit Count: 14 .

Condensed Consolidated Statements of Income (in thousands)

Three Months Ended March 29, 2026 vs. March 30, 2025

• General and administrative expenses: $1,468 vs $1,313 .
• Franchise expenses: $747 vs $768 .
• Provision (recovery) for credit losses: $9 vs - $14 .
• Depreciation and amortization expense: $42 vs $44 .
• Total costs and expenses: $2,266 vs $2,111 .
• OPERATING INCOME: $957 vs $855 .
• Interest income: $98 vs $84 .
• Other income: $0 vs $11 .
• INCOME BEFORE TAXES: $1,055 vs $950 .
• Income tax expense: $255 vs $228 .
• NET INCOME: $800 vs $722 .

Nine Months Ended March 29, 2026 vs. March 30, 2025

• General and administrative expenses: $4,365 vs $4,047 .
• Franchise expenses: $2,516 vs $2,592 .
• Provision (recovery) for credit losses: $20 vs - $22 .
• Depreciation and amortization expense: $126 vs $140 .
• Total costs and expenses: $7,027 vs $6,757 .
• OPERATING INCOME: $2,451 vs $2,128 .
• Interest income: $280 vs $253 .
• Other income: $17 vs $15 .
• INCOME BEFORE TAXES: $2,748 vs $2,396 .
• Income tax expense: $666 vs $541 .
• NET INCOME: $2,082 vs $1,855 .

Condensed Consolidated Balance Sheets (in thousands)

As of March 29, 2026 vs. June 29, 2025

• Cash and cash equivalents: $1,145 vs $2,859 .
• Short-term investments: $10,855 vs $7,024 .
• Total current assets: $14,360 vs $11,493 .
• Total assets: $18,581 vs $16,557 .
• Total current liabilities: $1,664 vs $1,740 .
• Total liabilities: $2,134 vs $2,403 .
• Total shareholders’ equity: $16,447 vs $14,154 .

Condensed Consolidated Statements of Cash Flows (in thousands)

Nine Months Ended March 29, 2026 vs. March 30, 2025

• Cash provided by operating activities: $2,050 vs $2,202 .
• Cash used in investing activities: - $3,764 vs - $2,967 .
• Cash used in financing activities: $0 vs - $1,387 .
• Net decrease in cash and cash equivalents: - $1,714 vs - $2,152 .
• Cash and cash equivalents, end of period: $1,145 vs $734 .

Adjusted EBITDA Reconciliation (in thousands)

Three Months Ended March 29, 2026 vs. March 30, 2025

• Net income: $800 vs $722 .
• Interest income: - $98 vs - $84 .
• Income taxes: $255 vs $228 .
• Depreciation and amortization: $42 vs $44 .
• EBITDA: $999 vs $910 .
• Stock-based compensation expense: $111 vs $52 .
• Severance: $8 vs $7 .
• Franchisee default and closed store revenue: - $9 vs - $16 .
• Adjusted EBITDA: $1,109 vs $953 .

Nine Months Ended March 29, 2026 vs. March 30, 2025

• Net income: $2,082 vs $1,855 .
• Interest income: - $280 vs - $253 .
• Income taxes: $666 vs $541 .
• Depreciation and amortization: $126 vs $140 .
• EBITDA: $2,594 vs $2,283 .
• Stock-based compensation expense: $211 vs $178 .
• Severance: $14 vs $12 .
• Franchisee default and closed store revenue: - $28 vs $7 .
• Adjusted EBITDA: $2,791 vs $2,480 .

Outlook / Guidance

Rave Restaurant Group, Inc. anticipates continued positive trends and profitability, driven by successful new restaurant openings and reimaging initiatives . The company has thirteen total restaurants currently under contract to open within the next three quarters, with five already under construction . Investments in growth include adding a second franchise salesperson and a Director of Construction to accelerate location count growth .