RICK on Nasdaq

RCI Hospitality Holdings

Adult entertainment operating company

RCI Hospitality Holdings, Inc. (previously Rick's Cabaret International, Inc.), through its subsidiaries, operates strip clubs, nightclubs, sports bars/restaurants, and a media and convention company that serves the adult club industry. RCI went public with an IPO in 1995 is listed on The NASDAQ Global Market under the symbol RICK.³ Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 20, 2026.

Overview

1983Founded¹

Compare with Kura Sushi USA, GEN Restaurant Group, Inc. or FLANIGANS ENTERPRISES INC, or pick any stock.

TickerRICK on Nasdaq¹
Industrystrip club¹
HeadquartersHouston¹
Websitewww.rcihospitality.com
Incorporated inTX⁵
Business address10737 Cutten Road, Houston, Tx 77066⁵
Filer categoryAccelerated filer⁵
Legal formCorporation⁴
LEI529900COXP1MLE1UKG69⁴
StatusActive⁴
LEI statusLapsed (not renewed)⁴
Registered address10737 CUTTEN ROAD, 77066 Houston, United States⁴
Registered withCorporations Section (Texas Secretary of State), 0133614700⁴

See how the biggest companies compare on our leaderboards

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

10.8%Operating margin⁹

3.9%Net margin⁹

-5.5%Revenue growth, 2025⁹

4.1%Return on equity⁹

0.82×Debt to equity⁹

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Alcoholic Beverages brought in 35% of the revenue RCI Hospitality Holdings broke down this way in fiscal 2025.

Alcoholic Beverages$122.1M⁹35%down 8% from 2024
Sales of Alcoholic Beverages$122.1M⁹35%down 8% from 2024
Food and Beverage$40.0M⁹12%down 10% from 2024
Food And Merchandise$40.0M⁹12%down 10% from 2024
Other Revenues$20.3M⁹6%up 4% from 2024

Products and services by year

Products and services	2023	2024	2025
Alcoholic Beverages	$127.3M	$133.1M	$122.1M
Sales of Alcoholic Beverages	$127.3M	$133.1M	$122.1M
Food and Beverage	$43.9M	$44.6M	$40.0M
Food And Merchandise	$43.9M	$44.6M	$40.0M
Other Revenues	$19.0M	$19.4M	$20.3M

Business segments

Nightclubs brought in 87% of the revenue RCI Hospitality Holdings broke down this way in fiscal 2025.

Nightclubs$242.5M⁹87%down 1% from 2024
Bombshells$35.8M⁹13%down 29% from 2024

Business segments by year

Business segments	2023	2024	2025
Nightclubs	$236.7M	$243.9M	$242.5M
Bombshells	$55.7M	$50.6M	$35.8M

Where the money goes

Where each dollar of revenue went, fiscal 2025

Selling, general and adminOther costs

Selling, general and admin39¢$107.8M
Other costs56¢$156.2M
Income tax2¢$4.6M
Profit4¢$10.8M

Out of $279.4M in revenue.⁹

Where each dollar of operating cash went, fiscal 2025

Share buybacksKept or used elsewhere

Dividends paid5¢$2.5M
Share buybacks24¢$11.9M
Kept or used elsewhere71¢$35.1M

Out of $49.4M of cash from operations.⁹

Financial statements

Revenue¹⁰¹¹¹²¹³⁹$279.4M in 2025+54% since 2019

Operating income¹⁰¹¹¹²¹³⁹$30.3M in 2025−13% since 2019

Net income¹⁰¹¹¹²¹³⁹$10.8M in 2025−47% since 2019

Every line of the income statement as filed: the last 3 fiscal years (annual) or 12 quarters (quarterly), latest first.⁹

Period ending	2025-09-30	2024-09-30	2023-09-30
Total revenues	$279.4M	$295.6M	$293.8M
Total cost of goods sold (exclusive of items shown separately below)	$36.6M	$41.0M	$39.0M
Salaries and wages	$83.7M	$84.2M	$79.5M
Selling, general, and administrative	$107.8M	$99.7M	$93.0M
Depreciation and amortization	$15.1M	$15.4M	$15.2M
Impairments and other charges, net	$5.9M	$36.6M	$15.6M
Total operating expenses	$249.2M	$276.8M	$242.3M
Income from operations	$30.3M	$18.8M	$51.5M
Interest expense	-$16.4M	-$16.7M	-$15.9M
Interest income	$565.0K	$482.0K	$388.0K
Gain on lease termination and other, net	$968.0K	$0	$0
Income before income taxes	$15.4M	$2.6M	$35.9M
Income tax expense (benefit)	$4.6M	-$410.0K	$6.8M
Net income	$10.8M	$3.0M	$29.1M
Net loss (income) attributable to noncontrolling interests	-$28.0K	-$7.0K	$146.0K
Net income attributable to RCIHH common stockholders	$10.8M	$3.0M	$29.2M
Basic (in dollars per share)	$1.23	$0.33	$3.13
Diluted (in dollars per share)	$1.23	$0.33	$3.13
Basic (in shares)	8.8M shares	9.3M shares	9.3M shares
Diluted (in shares)	8.8M shares	9.3M shares	9.3M shares

Period ending	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31
Total revenues	$70.9M	$71.1M	$65.9M	$71.5M	$73.2M	$76.2M	$72.3M	$73.9M	$75.2M	$77.1M	$71.5M	$70.0M
Income from operations	-$523.0K	$8.7M	$8.2M	$13.9M	$3.5M	-$2.5M	$4.7M	$13.2M	$5.6M	$15.5M	$13.4M	$16.9M
Net income attributable to RCIHH common stockholders	-$5.5M	$4.1M	$3.2M	$9.0M	$244.0K	-$5.2M	$774.0K	$7.2M	$2.2M	$9.1M	$7.7M	$10.2M
Basic (in dollars per share)	-$0.63	$0.46	$0.36	$1.01	$0.03	-$0.56	$0.08	$0.77	$0.23	$0.96	$0.83	$1.11
Diluted (in dollars per share)	-$0.63	$0.46	$0.36	$1.01	$0.03	-$0.56	$0.08	$0.77	$0.23	$0.96	$0.83	$1.11
Basic (in shares)	8.7M shares	8.8M shares	8.9M shares	8.9M shares	9.0M shares	9.3M shares	9.4M shares	9.4M shares	9.4M shares	9.4M shares	9.3M shares	9.2M shares
Diluted (in shares)	8.7M shares	8.8M shares	8.9M shares	8.9M shares	9.0M shares	9.3M shares	9.4M shares	9.4M shares	9.4M shares	9.4M shares	9.3M shares	9.2M shares

Total assets¹⁶¹⁰¹¹¹²⁹$596.9M in 2025+58% since 2019

Total liabilities¹⁶¹⁰¹¹¹²¹³⁹$336.1M in 2025+81% since 2019

Shareholders’ equity¹⁶¹⁰¹¹¹²¹³⁹$261.1M in 2025+55% since 2019

Cash¹⁶¹⁰¹¹¹²¹³⁹$33.7M in 2025+139% since 2019

Long-term debt¹⁶¹⁰¹¹¹²¹³⁹$214.6M in 2025+68% since 2019

Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.⁹

Period ending	2025-09-30	2024-09-30	2024-05-31	2023-09-30	2022-09-30
Cash and cash equivalents	$33.7M	$32.4M
Receivables, net	$3.9M	$5.8M
Inventories	$4.9M	$4.7M
Prepaid expenses and other current assets	$5.0M	$4.4M
Assets held for sale	$3.4M	$0
Total current assets	$50.9M	$47.3M
Property and equipment, net	$279.0M	$280.1M	$2.0M
Operating lease right-of-use assets, net	$25.8M	$26.2M
Notes receivable, net of current portion	$3.8M	$4.2M
Goodwill	$62.7M	$61.9M		$70.8M
Intangibles, net	$171.9M	$163.5M
Other assets	$2.7M	$1.2M
Total assets	$596.9M	$584.4M		$610.9M
Accounts payable	$5.8M	$5.6M
Accrued liabilities	$32.6M	$20.3M
Current portion of debt obligations, net	$21.2M	$18.9M
Current portion of operating lease liabilities	$3.3M	$3.3M
Total current liabilities	$63.0M	$48.1M
Deferred tax liability, net	$21.7M	$22.7M
Debt, net of current portion and debt discount and issuance costs	$214.6M	$219.3M
Operating lease liabilities, net of current portion	$27.3M	$30.8M
Other long-term liabilities	$9.5M	$398.0K
Total liabilities	$336.1M	$321.3M
Preferred stock, $0.10 par value per share; 1,000,000 shares authorized; none issued and outstanding	$0	$0
Common stock, $0.01 par value per share; 20,000,000 shares authorized; 8,684,061 shares and 8,955,000 shares issued and outstanding as of September 30, 2025, and 2024, respectively	$87.0K	$90.0K
Additional paid-in capital	$50.9M	$61.5M
Retained earnings	$210.1M	$201.8M
Total RCIHH stockholders equity	$261.1M	$263.4M
Noncontrolling interests	-$222.0K	-$250.0K
Total equity	$260.9M	$263.1M		$281.3M	$241.8M
Total liabilities and equity	$596.9M	$584.4M
Preferred stock, par value per share (in dollars per share)	$0.10	$0.10
Preferred stock, shares authorized (in shares)	1.0M shares	1.0M shares
Preferred stock, shares issued (in shares)	0 shares	0 shares
Preferred stock, shares outstanding (in shares)	0 shares	0 shares
Common stock, par value per share (in dollars per share)	$0.01	$0.01
Common stock, shares authorized (in shares)	20.0M shares	20.0M shares
Common stock, shares, issued (in shares)	8.7M shares	9.0M shares
Common stock, shares outstanding (in shares)	8.7M shares	9.0M shares

Period ending	2025-09-30	2024-09-30	2024-05-31	2023-09-30	2022-09-30
Cash and cash equivalents	$33.7M	$32.4M
Receivables, net	$3.9M	$5.8M
Inventories	$4.9M	$4.7M
Prepaid expenses and other current assets	$5.0M	$4.4M
Assets held for sale	$3.4M	$0
Total current assets	$50.9M	$47.3M
Property and equipment, net	$279.0M	$280.1M	$2.0M
Operating lease right-of-use assets, net	$25.8M	$26.2M
Notes receivable, net of current portion	$3.8M	$4.2M
Goodwill	$62.7M	$61.9M		$70.8M
Intangibles, net	$171.9M	$163.5M
Other assets	$2.7M	$1.2M
Total assets	$596.9M	$584.4M		$610.9M
Accounts payable	$5.8M	$5.6M
Accrued liabilities	$32.6M	$20.3M
Current portion of debt obligations, net	$21.2M	$18.9M
Current portion of operating lease liabilities	$3.3M	$3.3M
Total current liabilities	$63.0M	$48.1M
Deferred tax liability, net	$21.7M	$22.7M
Debt, net of current portion and debt discount and issuance costs	$214.6M	$219.3M
Operating lease liabilities, net of current portion	$27.3M	$30.8M
Other long-term liabilities	$9.5M	$398.0K
Total liabilities	$336.1M	$321.3M
Preferred stock, $0.10 par value per share; 1,000,000 shares authorized; none issued and outstanding	$0	$0
Common stock, $0.01 par value per share; 20,000,000 shares authorized; 8,684,061 shares and 8,955,000 shares issued and outstanding as of September 30, 2025, and 2024, respectively	$87.0K	$90.0K
Additional paid-in capital	$50.9M	$61.5M
Retained earnings	$210.1M	$201.8M
Total RCIHH stockholders equity	$261.1M	$263.4M
Noncontrolling interests	-$222.0K	-$250.0K
Total equity	$260.9M	$263.1M		$281.3M	$241.8M
Total liabilities and equity	$596.9M	$584.4M
Preferred stock, par value per share (in dollars per share)	$0.10	$0.10
Preferred stock, shares authorized (in shares)	1.0M shares	1.0M shares
Preferred stock, shares issued (in shares)	0 shares	0 shares
Preferred stock, shares outstanding (in shares)	0 shares	0 shares
Common stock, par value per share (in dollars per share)	$0.01	$0.01
Common stock, shares authorized (in shares)	20.0M shares	20.0M shares
Common stock, shares, issued (in shares)	8.7M shares	9.0M shares
Common stock, shares outstanding (in shares)	8.7M shares	9.0M shares

Cash from operations¹⁰¹¹¹²¹³⁹$49.4M in 2025+33% since 2019

Capital spending¹⁰¹¹¹²$40.4M in 2023+95% since 2019

Free cash flow¹⁰¹¹¹²¹³⁹$18.7M in 2023+14% since 2019

Dividends paid¹⁰¹¹¹²¹³⁹$2.5M in 2025+97% since 2019

Share buybacks¹⁰¹¹¹²¹³⁹$11.9M in 2025+309% since 2019

Every line of the cash flow as filed: the last 3 fiscal years, latest first.⁹

Period ending	2025-09-30	2024-09-30	2023-09-30
Net income	$10.8M	$3.0M	$29.1M
Depreciation and amortization	$15.1M	$15.4M	$15.2M
Deferred income tax benefit	-$1.0M	-$6.5M	-$1.8M
Gain on sale of businesses and assets	-$1.0M	-$2.2M	-$870.0K
Impairment of assets	$5.3M	$38.5M	$12.6M
Amortization and writeoff of debt discount and issuance costs	$549.0K	$608.0K	$615.0K
Credit loss expense on notes receivable	$42.0K	$0	$0
Gain on insurance	-$2.1M	-$522.0K	-$77.0K
Noncash lease expense	$2.7M	$3.0M	$3.0M
Stock-based compensation expense	$1.4M	$1.9M	$2.6M
Receivables	$1.9M	$4.3M	-$2.4M
Inventories	-$20.0K	-$309.0K	$177.0K
Prepaid expenses, other current, and other assets	-$1.2M	-$2.4M	-$366.0K
Accounts payable, accrued, and other liabilities	$16.9M	$1.1M	$1.4M
Net cash provided by operating activities	$49.4M	$55.9M	$59.1M
Proceeds from sale of businesses and assets	$1.1M	$2.0M	$4.2M
Proceeds from notes receivable	$292.0K	$249.0K	$229.0K
Proceeds from insurance	$2.1M	$1.4M	$86.0K
Payments for property and equipment and intangible assets	-$14.5M	-$24.6M	-$40.4M
Acquisition of businesses, net of cash acquired	-$13.0M	$0	-$29.0M
Net cash used in investing activities	-$24.0M	-$21.0M	-$64.8M
Purchase of treasury stock	-$11.9M	-$20.6M	-$2.2M
Payment of dividends	-$2.5M	-$2.3M	-$2.1M
Payment of loan origination costs	-$80.0K	-$290.0K	-$239.0K
Share in return of investment by noncontrolling partner	$0	$0	-$600.0K
Net cash used in financing activities	-$24.0M	-$23.5M	-$9.3M
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	$1.4M	$11.3M	-$15.0M
Proceeds from debt obligation	$10.9M	$22.7M	$11.6M
Payments on debt obligations	$20.5M	$23.0M	$15.7M

Compare RCI Hospitality Holdings with another company

Corporate structure

RCI Hospitality Holdings sits at the top of its group. 195 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of RCI Hospitality Holdings

VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G/A on RCI Hospitality Holdings, latest Jul 31, 2026 (2 filings since Apr 30, 2026)
Ash X LP Filed SCHEDULE 13G on RCI Hospitality Holdings, latest Mar 30, 2026
VANGUARD GROUP INC Filed SCHEDULE 13G/A on RCI Hospitality Holdings, latest Mar 27, 2026 (3 filings since Feb 13, 2024)
ADW Capital Partners, L.P. Filed SCHEDULE 13G/A on RCI Hospitality Holdings, latest Feb 17, 2026 (5 filings since Feb 14, 2022)
Progeny 3, Inc. Filed SCHEDULE 13G/A on RCI Hospitality Holdings, latest Aug 14, 2025 (3 filings since Nov 7, 2024)
Troy H. Lowrie Filed SC 13G/A on RCI Hospitality Holdings, latest Nov 2, 2022 (2 filings since Nov 17, 2021)
Greenhaven Road Investment Management, L.P. Filed SC 13G/A on RCI Hospitality Holdings, latest Feb 14, 2022

RCI Hospitality Holdings Houston, Texas, United States
- 10557 Wireway, Inc. Subsidiary · Texas, United States
- 12-18 Lagrange Street, Inc. Subsidiary · Massachusetts, United States
- 12291 CBW LLC Subsidiary · Texas, United States
- 183 Landco, Inc. Subsidiary · Texas, United States
- 200 Riverside, Inc. Subsidiary · Maine, United States
- 2151 Manana, Inc. Subsidiary · Texas, United States
- 5054 W 38th, Inc. Subsidiary · Indiana, United States
- 7916 Pendleton, Inc. Subsidiary · Indiana, United States
- A & D Interests, Inc. Subsidiary · Texas, United States
- Allentown Dining Services, Inc. Subsidiary · Pennsylvania, United States
- Amarci Group, LLC Subsidiary · Nevada, United States
- Baby Dolls Topless Saloons, Inc. Subsidiary · Texas, United States
- BB San Antonio 1, LLC Subsidiary · Texas, United States
- BD Hospitality Acquisition, Inc. Subsidiary · Texas, United States
- BGC 135 9th Street, Inc. Subsidiary · Pennsylvania, United States
- Big Sky Dining Services (Louisville), Inc. Subsidiary · Kentucky, United States
- Big Sky Dining Services (Mississippi), Inc. Subsidiary · Illinois, United States
- Big Sky Dining Services (Monsanto), Inc. Subsidiary · Illinois, United States
- Big Sky Dining Services (Raleigh), Inc. Subsidiary · North Carolina, United States
- Big Sky Hospitality Holdings, Inc. Subsidiary · Texas, United States
- BMB Dining Services (249), Inc. Subsidiary · Texas, United States
- BMB Dining Services (290), Inc. Subsidiary · Texas, United States
- BMB Dining Services (360), Inc. Subsidiary · Texas, United States
- BMB Dining Services (59), Inc. Subsidiary · Texas, United States
- BMB Dining Services (Arapahoe), Inc. Subsidiary · Colorado, United States
- and 169 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What RCI Hospitality Holdings reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Item	Latest	A year before	Change
Construction in progress	$7.9M⁹ Sep 30, 2025	$15.0M⁹ Sep 30, 2024	−47.3%
Property and equipment, before depreciation	$396.6M⁹ Sep 30, 2025	$386.3M⁹ Sep 30, 2024	+2.7%
Property and equipment, net	$279.0M⁹ Sep 30, 2025	$280.1M⁹ Sep 30, 2024	−0.4%
Operating-lease assets (leased space)	$25.8M⁹ Sep 30, 2025	$26.2M⁹ Sep 30, 2024	−1.7%

Investments

Item	Latest	A year before	Change
Cash and cash equivalents	$33.7M⁹ Sep 30, 2025	$32.4M⁹ Sep 30, 2024	+4.2%

Intangibles and goodwill

Item	Latest	A year before	Change
Goodwill	$62.7M⁹ Sep 30, 2025	$61.9M⁹ Sep 30, 2024	+1.3%
Intangible assets, net (excluding goodwill)	$171.9M⁹ Sep 30, 2025	$163.5M⁹ Sep 30, 2024	+5.2%
Indefinite-lived intangibles (excluding goodwill)	$153.2M⁹ Sep 30, 2025	$143.6M⁹ Sep 30, 2024	+6.7%
Finite-lived intangibles, gross	$33.9M⁹ Sep 30, 2025	$32.6M⁹ Sep 30, 2024	+4.0%
Accumulated amortization	$15.1M⁹ Sep 30, 2025	$12.8M⁹ Sep 30, 2024	+18.5%
Finite-lived intangibles, net	$18.8M⁹ Sep 30, 2025	$19.9M⁹ Sep 30, 2024	−5.4%
Licenses, net	$28.9M⁹ Sep 30, 2025	$27.7M⁹ Sep 30, 2024	+4.2%

Inventory

Item	Latest	A year before	Change
Inventory, total	$4.9M⁹ Sep 30, 2025	$4.7M⁹ Sep 30, 2024	+3.9%

Properties, in its own words

As of September 30, 2025, we own 88 real estate properties. On 60 of these properties, we operate clubs or restaurants, including those temporarily closed. We lease multiple other properties to third-party tenants. Eight of our owned properties are in locations where we previously operated clubs or are adjacent to acquired clubs, but now lease the buildings to third parties. Twenty are non-income-producing properties for corporate use (including our corporate office) or future club or restaurant locations, or may be offered for sale in the future. Eleven of our clubs and restaurants are in leased locations.

Our principal corporate office is located at 10737 Cutten Road, Houston, Texas 77066, consisting of a 21,000-square foot corporate office and an 18,000-square foot warehouse facility.

The rest of Item 2

Below is a list of locations we operated as of September 30, 2025:

Name of Establishment · Fiscal Year Acquired/Opened

Club Onyx, Houston, TX · 1995

Rick’s Cabaret, Minneapolis, MN · 1998

XTC Cabaret, Austin, TX · 1998

Scarlett's Cabaret, San Antonio, TX · 1998

Rick’s Cabaret, New York City, NY · 2005

Club Onyx, Charlotte, NC · 2005 · (1)

Jaguars Club, San Antonio, TX · 2006

Rick’s Cabaret, Fort Worth, TX · 2007

Tootsie’s Cabaret, Miami Gardens, FL · 2008

Dallas Showclub, Dallas, TX · 2008

Rick’s Cabaret, Round Rock, TX · 2009

Cabaret East, Fort Worth, TX · 2010

Rick’s Cabaret DFW, Fort Worth, TX · 2011

Downtown Cabaret, Minneapolis, MN · 2011

Silver City Cabaret, Dallas, TX · 2012

Jaguars Club, Odessa, TX · 2012

Jaguars Club, Phoenix, AZ · 2012

Jaguars Club, Longview, TX · 2012

Baby Dolls, Tye, TX · 2012

Jaguars Club, Edinburg, TX · 2012 · (3)

Chicas Locas, El Paso, TX · 2012 · (3)

Studio 80, Fort Worth, TX · 2013 · (1)

Bombshells, Dallas, TX · 2013

Scarlett's Cabaret, Sulphur, LA · 2013

Temptations, Beaumont, TX · 2013

Vivid Cabaret, New York, NY · 2014 · (1)

Rick’s Cabaret, Odessa, TX · 2014

Foxy’s Cabaret, Austin TX · 2015

The Seville, Minneapolis, MN · 2015

Hoops Cabaret and Sports Bar, New York, NY · 2016 · (1)

Bombshells, Highway 290 Houston, TX · 2017 · (1)

Scarlett’s Cabaret, Washington Park, IL · 2017

Scarlett’s Cabaret, Miami, FL · 2017

Bombshells, Pearland, TX · 2018

Name of Establishment · Fiscal Year Acquired/Opened

Kappa Men’s Club, Kappa, IL · 2018

Rick’s Cabaret, Chicago, IL · 2019

Rick’s Cabaret, Pittsburgh, PA · 2019

Bombshells I-10, Houston, TX · 2019

Bombshells 249, Houston, TX · 2019

Bombshells, Katy, TX · 2020

Bombshells 59, Houston, TX · 2020

Diamond Cabaret, Denver, CO · 2022 · (1)

Scarlett's Cabaret, Denver, CO · 2022

PT's Showclub, Denver, CO · 2022

Rick's Cabaret, Denver, CO · 2022 · (1)

Diamond Cabaret, St. Louis, IL · 2022 · (1)

Country Rock Cabaret, St. Louis, IL · 2022 · (1)

PT's Showclub, Indianapolis, IN · 2022

Rick's Cabaret, Raleigh, NC · 2022 · (1)

Rick's Cabaret, Portland, ME · 2022

PT's Showclub, Louisville, KY · 2022

PT's Centerfold, Denver, CO · 2022

Mansion Gentlemen's Club & Steakhouse, Newburgh, NY · 2022

Bombshells, Arlington, TX · 2022

Playmates Club, Miami, FL · 2022

Cheetah Gentlemen's Club, Miami, FL · 2022

PT's Showclub, Odessa, TX · 2022

Heartbreakers Gentlemen's Club, Dickinson, TX · 2023

Baby Dolls, Dallas, TX · 2023

Chicas Locas, Dallas, TX · 2023

Chicas Locas, Arlington, TX · 2023

Chicas Locas, Houston, TX · 2023

Baby Dolls, Fort Worth, TX · 2023 · (2)

PT's Centerfold, Lubbock, TX · 2024

Bombshells, Stafford, TX · 2024

Bombshells, Denver, CO · 2025

Flight Club, Inkster, MI · 2025

Platinum West, West Columbia, SC · 2025

Platinum Plus, Allentown, PA · 2025 · (1)

Rick's Cabaret, Central City, CO · 2025

Bombshells, Lubbock, TX · 2025

(1)Leased location.

(2)Temporarily closed due to fire.

(3)Closed or sold subsequent to September 30, 2025.

Our property leases are typically for a fixed rental rate with contingent rent for certain locations. The lease terms generally have initial terms of 10 to 20 years with renewal terms of 5 to 20 years. At September 30, 2025, certain of the properties we own were collateral for mortgage debt amounting to approximately $150.6 million. We believe that our existing facilities, both owned and leased, are in good condition and adequate and suitable for the conduct of our business.

See related information in Notes 7 and 9 to our consolidated financial statements.

Item 2 of the 10-K filed Mar 19, 2026.¹⁷

The story

History

The company was founded in 1983 by Robert Watters and is based in Houston, Texas. In 1998, the company merged with Taurus, Inc., which owned the XTC Cabaret chain and was controlled by Eric Langan, who eventually became the RCI's president and CEO in 1999. Langan acquired his first gentlemen's club in Texas at age 21 with $40,000 from the sale of his baseball card collection. Subsequently, RCI expanded inside and outside of Texas to states such as New York, Illinois, Florida, Arizona, Minnesota and others, and entered related businesses, such as sports bars/restaurants and nightclubs.

2025 Indictments

In September 2025, the Attorney General of New York announced the indictment of five RCI executives in a bribery scheme that ran from 2010 to 2024. The indictment alleges that an RCI comped a New York State Department of Taxation and Finance auditor with travel and free services at RCI's clubs; the auditor then allegedly gave the company preferential treatment in multiple audits sales tax audits, saving the company $8 million.

In response, company counsel Daniel J. Horwitz issued a statement saying, “We are clearly disappointed with the New York Attorney General’s decision to move forward with an indictment and look forward to addressing the allegations. We remind everybody that these indictments contain only allegations, which we believe are baseless. RCI and the individuals involved are presumed innocent and should be allowed to have their day in court.”

In a Securities and Exchange Commission Form 8-K, RCI disclosed that the persons and entities indicted include:

Parent company RCI Hospitality Holdings, Inc.

Subsidiaries:

Peregrine Enterprises, Inc. (the operator of Rick’s Cabaret in New York City)

RCI Dining Services (37th Street), Inc. (the operator of Vivid Cabaret in New York City)

Read the full text

RCI 33rd Street Ventures, Inc. (the operator of Hoops Cabaret and Sports Bar in New York City).

Executives:

Eric Langan, Chief Executive Officer

Bradley Chhay, Chief Financial Officer

Three unnamed employees of subsidiaries

From Wikipedia’s article on RCI Hospitality Holdings, shared under CC BY-SA 4.0.⁶

Leadership

Who has led RCI Hospitality Holdings, and when. Pick a name to see everywhere that person has worked.

Chief executive

Eric Scott Langan2009–now

President

Chief financial officer

1990200020102020

Chief executive officerEric Scott Langan Aug 10, 2009 to now¹⁸
PresidentEric Scott Langan Feb 9, 2006 to May 25, 2006¹⁹
PresidentTravis Reese May 25, 2006 to Oct 4, 2010²⁰
Chief financial officerAlbert M. Molina Dec 10, 2025 to now²¹
Chief financial officerBradley Lim Chhay Sep 16, 2020 to Dec 13, 2024²²
Chief financial officerPhillip Kent Marshall Jun 4, 2007 to Feb 12, 2020²³

Board members and other officers (11)

Vice PresidentTravis Reese Jun 1, 2011 to Aug 22, 2024²⁴
Board memberAllan Priaulx Arthur Aug 12, 2019 to Aug 12, 2019²⁵
Board memberJohnson Martin Elaine Aug 14, 2019 to now²⁶
Board memberYura Barabash V. Jul 18, 2018 to now²⁷
Board memberNour-Dean Anakar Sep 24, 2010 to Jun 5, 2014²⁸
Board memberLuke Charles Lirot Aug 8, 2007 to Feb 24, 2016²⁹
Board memberEric Scott Langan Feb 9, 2006 to now¹⁹
Board memberSteven L. Jenkins Feb 27, 2006 to Feb 18, 2014³⁰
Board memberTravis Reese May 25, 2006 to Aug 22, 2024²⁰
Board memberAlan Bergstrom Jun 2, 2006 to Aug 10, 2009³¹
Board memberRobert L. Watters Jun 2, 2006 to Jun 9, 2014³²

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

10557 Wireway, Inc. Texas⁷
12-18 Lagrange Street, Inc. Massachusetts⁷
12291 CBW LLC Texas⁷
183 Landco, Inc. Texas⁷
200 Riverside, Inc. Maine⁷
2151 Manana, Inc. Texas⁷
5054 W 38th, Inc. Indiana⁷
7916 Pendleton, Inc. Indiana⁷
A & D Interests, Inc. Texas⁷
Allentown Dining Services, Inc. Pennsylvania⁷
Amarci Group, LLC Nevada⁷
BB San Antonio 1, LLC Texas⁷
BD Hospitality Acquisition, Inc. Texas⁷
BGC 135 9th Street, Inc. Pennsylvania⁷
BMB Dining Services (249), Inc. Texas⁷
BMB Dining Services (290), Inc. Texas⁷
BMB Dining Services (360), Inc. Texas⁷
BMB Dining Services (59), Inc. Texas⁷
BMB Dining Services (Arapahoe), Inc. Colorado⁷
BMB Dining Services (Aurora), Inc. Colorado⁷
BMB Dining Services (Austin), Inc. Texas⁷
BMB Dining Services (Beaumont), Inc. Texas⁷
BMB Dining Services (Central City), Inc. Colorado⁷
BMB Dining Services (Frisco), Inc. Texas⁷

All 194 listed subsidiaries

BMB Dining Services (Fuqua), Inc. Texas⁷
BMB Dining Services (Grapevine), Inc. Texas⁷
BMB Dining Services (I-10 East), Inc. Texas⁷
BMB Dining Services (Katy), Inc. Texas⁷
BMB Dining Services (Lewisville), Inc. Texas⁷
BMB Dining Services (Lubbock), Inc. Texas⁷
BMB Dining Services (Pearland), Inc. Texas⁷
BMB Dining Services (Pembroke Pines), Inc. Florida⁷
BMB Dining Services (Research), Inc. Texas⁷
BMB Dining Services (Spring), Inc. Texas⁷
BMB Dining Services (Stafford), Inc. Texas⁷
BMB Dining Services (Stemmons), Inc. Texas⁷
BMB Dining Services (Willowbrook), Inc. Texas⁷
BMB Franchising Services, Inc. Texas⁷
BMB Mobile Food Services, Inc. Texas⁷
Baby Dolls Topless Saloons, Inc. Texas⁷
Big Sky Dining Services (Louisville), Inc. Kentucky⁷
Big Sky Dining Services (Mississippi), Inc. Illinois⁷
Big Sky Dining Services (Monsanto), Inc. Illinois⁷
Big Sky Dining Services (Raleigh), Inc. North Carolina⁷
Big Sky Hospitality Holdings, Inc. Texas⁷
Bobby’s Novelty, Inc. Texas⁷
Broadstreets Cabaret, Inc. Texas⁷
CA Ault Investments, Inc. Texas⁷
Cabaret North Parking, Inc. Texas⁷
California Grill LLC Texas⁷
Citation Land LLC Texas⁷
Derby Investments, Inc. Kentucky⁷
Drink Robust, Inc. Texas⁷
E. D. Publications, Inc. Texas⁷
Evans Dining Services, Inc. Colorado⁷
Fantastic Dining #2, Inc. Texas⁷
Fantastic Dining, Inc. Texas⁷
Favoritely, LLC Wyoming⁷
Fine Dining Club Inc. Texas⁷
Forest Lane Ventures, Inc. Texas⁷
Galena Dining Services, Inc. Colorado⁷
Glenarm Dining Services, Inc. Colorado⁷
Global Marketing Agency, Inc. Texas⁷
Green Star Inc. Texas⁷
Hotel Development Texas Ltd. Texas⁷
Illusions Dallas Private Club, LLC Texas⁷
Indy Restaurant Concepts, Inc. Indiana⁷
JAI Dining Services (Beaumont), Inc. Texas⁷
JAI Dining Services (Edinburg), Inc. Texas⁷
JAI Dining Services (El Paso), Inc. Texas⁷
JAI Dining Services (Harlingen), Inc. Texas⁷
JAI Dining Services (Longview), Inc. Texas⁷
JAI Dining Services (Lubbock), Inc. Texas⁷
JAI Dining Services (Odessa II), Inc. Texas⁷
JAI Dining Services (Odessa), Inc. Texas⁷
JAI Dining Services (Phoenix), Inc. Texas⁷
JAI Dining Services (Tye), Inc. Texas⁷
JW Lee, Inc. Florida⁷
Jaguars Acquisition, Inc. Texas⁷
Jaguars Holdings, Inc. Texas⁷
Joint Ventures, Inc. Texas⁷
Kenkev II, Inc. Maine⁷
Kenkev, Inc. Maine⁷
Kingsbury Acquisition, Inc. Illinois⁷
Main Street Casino Concepts, Inc. Colorado⁷
Manana Entertainment, Inc. Texas⁷
Memphis Ventures, Inc. Texas⁷
Miami Gardens Square One, Inc. Florida⁷
New Spiros, LLC Texas⁷
Nightlife Hospitality Insurance Group, Inc. Texas⁷
North IH 35 Investments, Incorporated Texas⁷
PNC Marketing, Inc. Texas⁷
Peregrine Enterprises, Inc. New York⁷
Pooh Bah Enterprises, Inc. Illinois⁷
RB Restaurants, Inc. Texas⁷
RCI 33 rd Street Ventures, Inc. New York⁷
RCI Casino Management Services, Inc. Colorado⁷
RCI Dating Services, Inc. Texas⁷
RCI Debit Services, Inc. Texas⁷
RCI Development Services, Inc. Texas⁷
RCI Dining (DFW), LLC Texas⁷
RCI Dining Services (16328 I-35), Inc. Texas⁷
RCI Dining Services (37th Street), Inc. New York⁷
RCI Dining Services (Airport Freeway), Inc. Texas⁷
RCI Dining Services (Aledo), Inc. Texas⁷
RCI Dining Services (Beaumont), Inc. Texas⁷
RCI Dining Services (Bedford Park), Inc. Illinois⁷
RCI Dining Services (Broward), Inc. Florida⁷
RCI Dining Services (Central City), Inc. Colorado⁷
RCI Dining Services (Charlotte), Inc. North Carolina⁷
RCI Dining Services (Composite), Inc. Texas⁷
RCI Dining Services (Dickinson), Inc. Texas⁷
RCI Dining Services (Euless), Inc. Texas⁷
RCI Dining Services (Glenwood), Inc. Minnesota⁷
RCI Dining Services (Hallandale), Inc. Florida⁷
RCI Dining Services (Harvey), Inc. Illinois⁷
RCI Dining Services (Hobby), Inc. Texas⁷
RCI Dining Services (Imperial Valley), Inc. Texas⁷
RCI Dining Services (Inkster), Inc. Michigan⁷
RCI Dining Services (Inwood), Inc. Texas⁷
RCI Dining Services (Kappa), Inc. Illinois⁷
RCI Dining Services (Majesty), Inc. Texas⁷
RCI Dining Services (Manana), Inc. Texas⁷
RCI Dining Services (Mark IV), Inc. Texas⁷
RCI Dining Services (Miami), Inc. Florida⁷
RCI Dining Services (Nashville), Inc. Tennessee⁷
RCI Dining Services (New York), Inc. New York⁷
RCI Dining Services (Newburgh), Inc. New York⁷
RCI Dining Services (Odessa), Inc. Texas⁷
RCI Dining Services (Pembroke Park), Inc. Florida⁷
RCI Dining Services (Providence), Inc. Rhode Island⁷
RCI Dining Services (Round Rock), Inc. Texas⁷
RCI Dining Services (Sable), Inc. Texas⁷
RCI Dining Services (Southwest Freeway), Inc. Texas⁷
RCI Dining Services (Stemmons), Inc. Texas⁷
RCI Dining Services (Stemmons2), Inc. Texas⁷
RCI Dining Services (Sulphur), Inc. Louisiana⁷
RCI Dining Services (Superior Parkway), Inc. Texas⁷
RCI Dining Services (Tarrant County), Inc. Texas⁷
RCI Dining Services (Vee), Inc. Texas⁷
RCI Dining Services (Washington Park), Inc. Illinois⁷
RCI Dining Services MN (115 S 4th Street), Inc. Minnesota⁷
RCI Dining Services MN (4th Street), Inc. Minnesota⁷
RCI Entertainment (3105 I-35), Inc. Texas⁷
RCI Entertainment (3315 N FWY FW), Inc. Texas⁷
RCI Entertainment (Austin), Inc. Texas⁷
RCI Entertainment (Dallas), Inc. Texas⁷
RCI Entertainment (Fort Worth), Inc. Texas⁷
RCI Entertainment (Media Holdings), Inc. Texas⁷
RCI Entertainment (Minnesota), Inc. Minnesota⁷
RCI Entertainment (New York), Inc. New York⁷
RCI Entertainment (North Carolina), Inc. North Carolina⁷
RCI Entertainment (North FW), Inc. Texas⁷
RCI Entertainment (Northwest Hwy), Inc. Texas⁷
RCI Entertainment (Philadelphia), Inc. Pennsylvania⁷
RCI Entertainment (San Antonio), Inc. Texas⁷
RCI Entertainment (Texas), Inc. Texas⁷
RCI Entertainment MN (300 South 3rd Street), Inc. Minnesota⁷
RCI Holdings, Inc. Texas⁷
RCI IH 635 Property, Inc. Texas⁷
RCI Internet Holdings, Inc. Texas⁷
RCI Internet Services, Inc. Texas⁷
RCI Leasing LLC Texas⁷
RCI Management Services, Inc. Texas⁷
RCI Wireway, Inc. Texas⁷
Rockwall Restaurant Group, Inc. Texas⁷
S Willy’s Lubbock LLC Texas⁷
SC Dining Services LLC South Carolina⁷
SP Administration, Inc. Texas⁷
ST Dining Services, Inc. Texas⁷
SWR Consulting, Inc. Texas⁷
Sadco, Inc. Texas⁷
Solo Concessions, Inc. Texas⁷
Spiros Partners Ltd. Texas⁷
Stellar Management Corporation Florida⁷
StorErotica, Inc. Delaware⁷
Stout Dining Services, Inc. Colorado⁷
Sunshine Mortgage Investors, Inc. Florida⁷
TEZ Management LLC Pennsylvania⁷
TEZ Real Estate LP Pennsylvania⁷
TRR Leasing, Inc. Texas⁷
TT Leasing LLC Texas⁷
Tantra Dance, Inc. Texas⁷
Tantra Parking, Inc. Texas⁷
Tennessee Tech Holdings, Inc. Texas⁷
The Grange, Inc. Colorado⁷
The Set Enterprises, Inc. Florida⁷
Top Shelf Entertainment LLC North Carolina⁷
Triple Vision, Inc. Florida⁷
Trumps, Inc. Texas⁷
Virginia Dining Services, Inc. Colorado⁷
WKC, Inc. Texas⁷
XTC Cabaret (Dallas), Inc. Texas⁷
XTC Cabaret, Inc. Texas⁷

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

RICKS CABARET INTERNATIONAL INCJul 16, 1996 to Jul 14, 2014⁵

Timeline

Oct 8, 20268-K Results of operations³³
Sep 4, 20268-K Executive or director change³⁴
Aug 20, 20268-K Shareholder vote³⁵
Aug 6, 20268-K Results of operations³⁶
Jul 9, 20268-K Results of operations³⁷
Jun 1, 20268-K Other events³⁸
May 28, 20268-K Results of operations³⁹
May 22, 20268-K Listing notice or transfer⁴⁰
May 11, 20268-K Other events⁴¹
May 7, 20268-K Results of operations⁴²
Apr 13, 20268-K Other events⁴³
Apr 9, 20268-K Results of operations⁴⁴
Aug 10, 2009New chief executive Eric Scott Langan becomes CEO¹⁸
Oct 13, 1995Went public Listed on NASDAQ¹
1983Founded Founded¹

Calendar

When it reported results

Oct 8, 2026Reported quarterly or annual results³³
Aug 6, 2026Reported quarterly or annual results³⁶
Jul 9, 2026Reported quarterly or annual results³⁷
May 28, 2026Reported quarterly or annual results³⁹
May 7, 2026Reported quarterly or annual results⁴²
Apr 9, 2026Reported quarterly or annual results⁴⁴
Mar 19, 2026Reported quarterly or annual results⁴⁵
Jan 13, 2026Reported quarterly or annual results⁴⁶

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

183 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 81 major events, 50 insider forms, 20 large holders, 12 other. The latest 20:

Oct 8, 20268-K EDGAR
Sep 16, 20264 EDGAR
Sep 4, 20268-K EDGAR
Aug 20, 20268-K EDGAR
Aug 17, 20264 EDGAR
Aug 13, 20264 EDGAR
Aug 6, 20268-K EDGAR
Aug 6, 202610-Q EDGAR
Jul 31, 2026SCHEDULE 13G/A EDGAR
Jul 9, 20268-K EDGAR
Jul 7, 2026DEF 14A EDGAR
Jun 1, 20268-K EDGAR
May 28, 20268-K EDGAR
May 28, 202610-Q EDGAR
May 22, 20268-K EDGAR
May 11, 2026NT 10-Q EDGAR
May 11, 20268-K EDGAR
May 7, 20268-K EDGAR
May 7, 202610-Q EDGAR
Apr 30, 2026SCHEDULE 13G EDGAR

The 183 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

44 open-market trades by officers, directors and large owners since October 2021: 37 buys and 7 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Sep 15, 2026	Elaine Johnson MartinDirector	Buy	601	$28.95	$17.4K	Form 4
Aug 14, 2026	LANGAN ERIC SCOTTDirector	Buy	1,630	$30.80	$50.2K	Form 4
Aug 12, 2026	Barabash Yura VDirector	Buy	888	$27.29	$24.2K	Form 4
Aug 18, 2025	LANGAN ERIC SCOTTDirector	Buy	1,370	$36.74	$50.3K	Form 4
May 22, 2025	LANGAN ERIC SCOTTDirector	Buy	1,000	$39.83	$39.8K	Form 4
Mar 13, 2025	Elaine Johnson MartinDirector	Buy	106	$44.00	$4.7K	Form 4
Mar 6, 2025	Elaine Johnson MartinDirector	Buy	266	$47.00	$12.5K	Form 4
Feb 14, 2025	Elaine Johnson MartinDirector	Buy	195	$51.00	$9.9K	Form 4
Feb 12, 2025	LANGAN ERIC SCOTTDirector	Buy	1,000	$50.54	$50.5K	Form 4
Dec 30, 2024	Elaine Johnson MartinDirector	Buy	26	$57.36	$1.5K	Form 4
Sep 11, 2024	Elaine Johnson MartinDirector	Buy	628	$40.50	$25.4K	Form 4
Aug 20, 2024	Chhay Bradley LimChief Financial Officer	Sale	1,870	$43.50	$81.3K	Form 4
Aug 20, 2024	Chhay Bradley LimChief Financial Officer	Sale	1,870	$43.50	$81.3K	Form 4
Aug 20, 2024	REESE TRAVISExecutive Vice President	Sale	1,870	$43.50	$81.3K	Form 4
Aug 20, 2024	LANGAN ERIC SCOTTDirector	Sale	1,870	$43.50	$81.3K	Form 4
Jun 18, 2024	Chhay Bradley LimChief Financial Officer	Sale	0	$44.63	$14	Form 4
Jun 18, 2024	Chhay Bradley LimChief Financial Officer	Sale	0	$44.63	$14	Form 4
May 23, 2024	Elaine Johnson MartinDirector	Buy	539	$46.40	$25.0K	Form 4
May 15, 2024	Elaine Johnson MartinDirector	Buy	64	$47.25	$3.0K	Form 4
May 14, 2024	Elaine Johnson MartinDirector	Buy	842	$48.05	$40.5K	Form 4

All 44 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Apr 30, 2026 to Jul 31, 2026⁴⁷
Ash X LPSCHEDULE 13G, 1 filing Mar 30, 2026⁴⁸
VANGUARD GROUP INCSCHEDULE 13G/A, 3 filings Feb 13, 2024 to Mar 27, 2026⁴⁹
ADW Capital Partners, L.P.SCHEDULE 13G/A, 5 filings Feb 14, 2022 to Feb 17, 2026⁵⁰
Progeny 3, Inc.SCHEDULE 13G/A, 3 filings Nov 7, 2024 to Aug 14, 2025⁵¹
Troy H. LowrieSC 13G/A, 2 filings Nov 17, 2021 to Nov 2, 2022⁵²
Greenhaven Road Investment Management, L.P.SC 13G/A, 1 filing Feb 14, 2022⁵³

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

Year	Executive	Age	Salary	Total pay
2025	Eric S. Langan	58	$1.7M	$2.0M⁵⁴
2025	Bradley Chhay		$606.3K	$672.2K⁵⁴
2025	Travis Reese	56	$580.0K	$649.5K⁵⁴
2024	Former President and Chief Executive		$1.7M	$1.8M⁵⁴
2024	Former Chief Financial Officer		$600.0K	$663.4K⁵⁴
2024	Interim President and Chief Executive		$466.6K	$514.9K⁵⁴
2023	Officer		$1.7M	$1.9M⁵⁴
2023	Officer; former Executive Vice President		$460.0K	$536.5K⁵⁴
2023	Former Chief Financial Officer		$472.8K	$534.5K⁵⁴

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 98. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
BlackRock, Inc.	614,370	$16.8M	0.0%	+727
Steel Partners Holdings L.P.	312,873	$8.5M	11.0%	No change
Vanguard Capital Management LLC	294,689	$8.1M	0.0%	−44,760
American Century Companies Inc	267,292	$7.3M	0.0%	+32,730
Dimensional Fund Advisors LP	256,833	$7.0M	0.0%	No change
Geode Capital Management, LLC	186,260	$5.1M	0.0%	−989
State Street Corp	178,080	$4.9M	0.0%	−5,769
Aqr Capital Management LLC	157,797	$4.3M	0.0%	+16,421
Marshall Wace, Llp	138,624	$3.8M	0.0%	+23,001
Arrowstreet Capital, Limited Partnership	105,302	$2.9M	0.0%	−5,215
Goldman Sachs Group Inc	100,288	$2.7M	0.0%	+31,579
Vanguard Portfolio Management LLC	92,087	$2.5M	0.0%	−7,059
Bank of New York Mellon Corp	81,964	$2.2M	0.0%	+717
Citadel Advisors LLC	80,384	$2.2M	0.0%	−3,376
Quantinno Capital Management LP	63,492	$1.7M	0.0%	+18,181
Jb Capital Partners LP	60,000	$1.6M	0.3%	No change
Tudor Investment Corp Et Al	59,830	$1.6M	0.0%	+1,822
Morgan Stanley	57,588	$1.6M	0.0%	+18,252
Charles Schwab Investment Management Inc	54,578	$1.5M	0.0%	−4,183
Northern Trust Corp	52,487	$1.4M	0.0%	−1,096
Jane Street Group, LLC	51,541	$1.4M	0.0%	−5,981
Vanguard Fiduciary Trust Co	47,428	$1.3M	0.0%	−5,430
PDT Partners, LLC	43,338	$1.2M	0.1%	+4,800
Man Group plc	39,724	$1.1M	0.0%	+5,814
Ridgewood Investments LLC	37,158	$1.0M	0.4%	No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How RCI Hospitality Holdings is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARRCI HOSPITALITY HOLDINGS, INC.²
CIK0000935419
Employer ID (EIN)76-0458229¹⁷
Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company¹⁷
Incorporated inTexas¹⁷
Fiscal year endsSeptember 30²
Industry code (SIC)5812 Retail-Eating Places²
SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance²
Business address10737 Cutten Road, Houston, TX 77066²
Phone2813976730²
Shares outstanding7,644,500 as of Aug 5, 2026¹⁵
Public float$347.7M as of Mar 31, 2025¹⁷
AuditorCBIZ CPAs P.C., Marlton, New Jersey PCAOB ID 199; it also attests to the company’s internal control over financial reporting¹⁷
On EDGAR sinceMay 15, 1996²
Filings959 in all: 4 (285), 8-K (271), 10-Q (55), 10QSB (37), SC 13G/A (37), DEF 14A (30), 3 (22), 8-K/A (22)²
All 39 form types
UPLOAD (22), CORRESP (20), SC 13G (20), 10-K (17), 10KSB (13), 424B3 (9), EFFECT (9), S-3 (9), NT 10-Q (8), NT 10-K (7), 4/A (6), S-3/A (6), S-8 (6), SC 13D (6), SCHEDULE 13G/A (6), SC 13D/A (5), POS AM (4), 10-Q/A (3), 425 (3), 5 (3), D (3), 10KSB/A (2), 10QSB/A (2), DEFA14A (2), PRE 14A (2), SCHEDULE 13G (2), 3/A (1), DEFR14A (1), REGDEX (1), S-8 POS (1), SB-2 (1)
Latest filingsAnnual report (10-K) Mar 19, 2026
Quarterly report (10-Q) Aug 6, 2026
Proxy statement (DEF 14A) Jul 7, 2026
Latest 8-K (8-K) Oct 8, 2026

Securities registered for trading

Class	Symbol	Exchange
Common stock, $0.01 par value	RICK	Nasdaq

From the cover page of the 10-K filed Mar 19, 2026 (Section 12(b) of the Exchange Act).¹⁷

Risk factors and legal proceedings

The risks RCI Hospitality Holdings names in Item 1A of its 10-K filed Mar 19, 2026: 36 risks under these headings, as written.¹⁷

Risks related to our business
Risks related to general macroeconomic and safety conditions
Risks related to regulations and/or regulatory agencies
Risk related to our common stock
We may deviate from our present capital allocation strategy.
We may need additional financing, or our business expansion plans may be significantly limited.
There is substantial competition in the nightclub entertainment industry, which may affect our ability to operate profitably or acquire additional clubs.
The adult entertainment industry is extremely volatile.
Private advocacy group actions targeted at the kind of adult entertainment we offer could result in limitations in our inability to operate in certain locations and negatively impact our business.
We rely heavily on information technology in our operations and any material failure, weakness, interruption, or breach of security could prevent us from effectively operating our business.
We are exposed to risks related to cyber security and protection of confidential information, and failure to protect the integrity and security of payment card or individually identifiable information of our guests and employees or confidential and proprietary information of the Company could damage our reputation and expose us to loss of revenues, increased costs, and litigation.
Our acquisitions may result in disruptions in our business and diversion of management’s attention.

The other 28 risks

The impact of new club or restaurant openings could result in fluctuations in our financial performance.
Our ability to grow sales through delivery orders is uncertain.
We incur significant costs as a result of operating as a public company, and our management devotes substantial time to new compliance initiatives.
We have identified material weaknesses in our internal control over financial reporting.
We may have uninsured risks in excess of our insurance coverage or self-insurance.
We are subject to increasing legal complexity and could be party to litigation that could adversely affect us.
Our previous liability insurer may be unable to provide coverage to us and our subsidiaries.
The protection provided by our service marks is limited.
We are dependent on key personnel.
If we are not able to hire, develop, and retain qualified club and restaurant employees and/or appropriately plan our workforce, our growth plan and profitability could be adversely affected.
A failure to maintain food safety throughout the supply chain and food-borne illness concerns may have an adverse effect on our business.
Our venture, expansion, and renovation projects may face significant inherent risks.
Other risk factors may adversely affect our financial performance.
Our business, financial condition, and results of operations could be adversely affected by disruptions in the global economy caused by the ongoing war and other geopolitical conflict.
If we are unable to maintain compliance with certain of our debt covenants or unable to obtain waivers, we may be unable to make additional borrowings and be declared in default where our debt will be made immediately due and payable. In addition, global economic conditions may make it more difficult to access new credit facilities.
We have recorded impairment charges in current and past periods and may record additional impairment charges in future periods.
Our business operations are subject to regulatory uncertainties which may affect our ability to continue operations of existing nightclubs, acquire additional nightclubs, or be profitable.
The adult entertainment industry standard is to classify adult entertainers as independent contractors, not employees. If federal or state law mandates that they be classified as employees, our business could be adversely impacted.
Our revenues could be significantly affected by limitations relating to permits to sell alcoholic beverages.
Activities or conduct at our nightclubs may cause us to lose necessary business licenses, expose us to liability, or result in adverse publicity, which may increase our costs and divert management’s attention from our business.
We must continue to meet NASDAQ Global Market Continued Listing Requirements, or we risk delisting.
We may be subject to allegations, defamations, or other detrimental conduct by third parties, which could harm our reputation and cause us to lose customers and/or contribute to a deflation of our stock price.
Our quarterly operating results may fluctuate and could fall below the expectations of securities analysts and investors due to seasonality and other factors, some of which are beyond our control, resulting in a decline in our stock price.
Anti-takeover effects of the issuance of our preferred stock could adversely affect our common stock.
Future sales or the perception of future sales of a substantial amount of our common stock may depress our stock price.
Our stock price has been volatile and may fluctuate in the future.
Cumulative voting is not available to our stockholders.
Our directors and officers have limited liability and have rights to indemnification.

Legal proceedings

See the “Legal Matters” section within Note 11 to our consolidated financial statements within this Annual Report on Form 10-K for the requirements of this Item, which section is incorporated herein by reference.

The opening of Item 3, Legal Proceedings.¹⁷

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataRCI Hospitality Holdings on Wikidata
2
SEC EDGARRCI Hospitality Holdings filings on SEC EDGAR
3
WikipediaRCI Hospitality Holdings on Wikipedia
4
GLEIFRCI Hospitality Holdings LEI record (529900COXP1MLE1UKG69)
5
SEC EDGARRCI Hospitality Holdings filings on SEC EDGAR
6
WikipediaRCI Hospitality Holdings on Wikipedia (revision used)
7
SEC EDGARRCI Hospitality Holdings annual report, Exhibit 21 (subsidiaries)
8
Wikimedia CommonsRCI Hospitality Holdings photo by Chad Davis, CC BY 2.0
9
SEC EDGARRCI Hospitality Holdings 10-K for fiscal 2025
10
SEC EDGARRCI Hospitality Holdings 10-K for fiscal 2019
11
SEC EDGARRCI Hospitality Holdings 10-K for fiscal 2020
12
SEC EDGARRCI Hospitality Holdings 10-K for fiscal 2021
13
SEC EDGARRCI Hospitality Holdings 10-K for fiscal 2022
14
SEC EDGARRCI Hospitality Holdings 10-Q for fiscal 2026
15
SEC EDGARRCI Hospitality Holdings 10-Q for fiscal 2026
16
SEC EDGARRCI Hospitality Holdings 10-K for fiscal 2019
17
SEC EDGARRCI Hospitality Holdings 10-K filed Mar 19, 2026: Item 2, Properties
18
SEC EDGAREric Scott Langan, Chief executive officer
19
SEC EDGAREric Scott Langan, President
20
SEC EDGARTravis Reese, President
21
SEC EDGARAlbert M. Molina, Chief financial officer
22
SEC EDGARBradley Lim Chhay, Chief financial officer
23
SEC EDGARPhillip Kent Marshall, Chief financial officer
24
SEC EDGARTravis Reese, Vice President
25
SEC EDGARAllan Priaulx Arthur, Board member
26
SEC EDGARJohnson Martin Elaine, Board member
27
SEC EDGARYura Barabash V., Board member
28
SEC EDGARNour-Dean Anakar, Board member
29
SEC EDGARLuke Charles Lirot, Board member
30
SEC EDGARSteven L. Jenkins, Board member
31
SEC EDGARAlan Bergstrom, Board member
32
SEC EDGARRobert L. Watters, Board member
33
SEC EDGARResults of operations
34
SEC EDGARExecutive or director change
35
SEC EDGARShareholder vote
36
SEC EDGARResults of operations
37
SEC EDGARResults of operations
38
SEC EDGAROther events
39
SEC EDGARResults of operations
40
SEC EDGARListing notice or transfer
41
SEC EDGAROther events
42
SEC EDGARResults of operations
43
SEC EDGAROther events
44
SEC EDGARResults of operations
45
SEC EDGARRCI Hospitality Holdings 8-K, Item 2.02 (results of operations)
46
SEC EDGARRCI Hospitality Holdings 8-K, Item 2.02 (results of operations)
47
SEC EDGARVANGUARD CAPITAL MANAGEMENT LLC SCHEDULE 13G/A on RCI Hospitality Holdings
48
SEC EDGARAsh X LP SCHEDULE 13G on RCI Hospitality Holdings
49
SEC EDGARVANGUARD GROUP INC SCHEDULE 13G/A on RCI Hospitality Holdings
50
SEC EDGARADW Capital Partners, L.P. SCHEDULE 13G/A on RCI Hospitality Holdings
51
SEC EDGARProgeny 3, Inc. SCHEDULE 13G/A on RCI Hospitality Holdings
52
SEC EDGARTroy H. Lowrie SC 13G/A on RCI Hospitality Holdings
53
SEC EDGARGreenhaven Road Investment Management, L.P. SC 13G/A on RCI Hospitality Holdings
54
SEC EDGARRCI Hospitality Holdings proxy statement (DEF 14A), 2025 pay