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Red Robin

Logo: Red Robin, Public domain, via Wikimedia Commons5

American casual dining restaurant chain

Red Robin Gourmet Burgers, Inc., more commonly known as Red Robin Gourmet Burgers and Brews or simply Red Robin, and originally known as Sam's Tavern and Sam's Red Robin is an American chain of casual dining restaurants originally founded in 1940 in Seattle, Washington. In 1979, the first franchised Red Robin restaurant was opened in Yakima, Washington.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 2026.

Overview

1940Founded1

Compare with First Watch Restaurant Group, Inc., Cava Group or BJ's Restaurant & Brewery, or pick any stock.

  • TickerRRGB on Nasdaq1
  • Industryrestaurant1
  • HeadquartersGreenwood Village1
  • Founded inSeattle1
  • Websitewww.redrobin.com
  • Incorporated inDE6
  • Business address10000 East Geddes Avenue, Suite 500, Englewood, Co 801126
  • Filer categoryAccelerated filer, Smaller reporting company6
  • Legal formCorporation4
  • LEI529900V6NUMBYX34LV464
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressc/o CORPORATION SERVICE COMPANY, 251 LITTLE FALLS DRIVE, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 33452394
Red Robin Restaurant Exterior 2015
Photo: Cbraccialini, CC BY-SA 4.0, via Wikimedia Commons8

Red Robin Gourmet Burgers, Inc., more commonly known as Red Robin Gourmet Burgers and Brews or simply Red Robin, and originally known as Sam's Tavern and Sam's Red Robin is an American chain of casual dining restaurants originally founded in 1940 in Seattle, Washington. In 1979, the first franchised Red Robin restaurant was opened in Yakima, Washington. Red Robin's headquarters is in Greenwood Village, Colorado. As of December 2024, the company operated a total of 498 restaurants, with 91 being operated as a franchise. Ever since 1969, their menu specializes in classic American fare, such as burgers, french fries (which are often endless), and appetizers, though it has also expanded to include chicken sandwiches, pizza, salads, and other foods.3

Financials

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

Key numbers, fiscal 2025

0.2%Operating margin9
-1.9%Net margin9
-3.1%Revenue growth, 20259

What sells

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

Products and services

Food and Beverage brought in 98% of the revenue Red Robin broke down this way in fiscal 2025.

  1. Food and Beverage$1.2B998%down 3% from 2024
  2. Franchise$14.1M91%down 6% from 2024
  3. Product and Service, Gift Card and Other$6.4M91%down 32% from 2024
  4. Products And Services, Gift Card Breakage$5.2M90%down 34% from 2024
  5. Product and Service, Other$1.1M90%down 22% from 2024
Products and services by year
Products and services202320242025
Food and Beverage$1.3B$1.2B$1.2B
Franchise$15.9M$14.9M$14.1M
Product and Service, Gift Card and Other$12.9M$9.4M$6.4M
Products And Services, Gift Card Breakage$9.9M$7.9M$5.2M
Product and Service, Other$3.0M$1.4M$1.1M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs100¢$1.2B
  • Income tax0¢$258.0K

Out of $1.2B in revenue.9 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$37.0M

Out of $37.0M of cash from operations.9

Financial statements

Revenue101112139$1.2B in 2025−8% since 2019
0$500.0M$1.0B$1.5B2019: $1.3B$1.3B20192020: $868.7M$868.7M2020−34%2021: $1.2B$1.2B2021+34%2022: $1.3B$1.3B2022+9%2023: $1.3B$1.3B2023+3%2024: $1.2B$1.2B2024−4%2025: $1.2B$1.2B2025−3%
Operating income101112139$2.8M in 2025
-$300.0M-$200.0M-$100.0M0$100.0M2019: -$13.1M-$13.1M20192020: -$275.1M-$275.1M2020+1996%2021: -$37.1M-$37.1M2021−87%2022: -$57.5M-$57.5M2022+55%2023: $4.5M$4.5M20232024: -$53.1M-$53.1M20242025: $2.8M$2.8M2025
Net income101112139-$23.3M in 2025+195% since 2019
-$300.0M-$200.0M-$100.0M02019: -$7.9M-$7.9M20192020: -$276.1M-$276.1M2020+3393%2021: -$50.4M-$50.4M2021−82%2022: -$78.9M-$78.9M2022+56%2023: -$21.2M-$21.2M2023−73%2024: -$77.5M-$77.5M2024+265%2025: -$23.3M-$23.3M2025−70%

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

Period ending2025-12-312024-12-312023-12-31
Total revenues$1.2B$1.2B$1.3B
Cost of sales$283.9M$292.4M$309.0M
Labor (includes $0, $0, and $475 of stock-based compensation)$437.2M$479.6M$473.5M
Other operating$213.2M$216.2M$225.0M
Occupancy$104.0M$103.4M$102.8M
Depreciation and amortization$51.1M$57.7M$66.2M
General and administrative (includes $5,573, $6,940, and $6,329 of stock-based compensation)$76.3M$81.7M$89.4M
Selling$31.3M$36.7M$34.8M
Pre-opening costs$0$0$587.0K
Other (gains) charges, net (includes $(4,104), $71, and $128 of stock-based compensation)$10.5M$33.8M-$2.7M
Total costs and expenses$1.2B$1.3B$1.3B
Income (loss) from operations$2.8M-$53.1M$4.5M
Interest expense$26.0M$25.3M$26.6M
Interest (income) and other, net-$140.0K-$727.0K-$1.1M
Total other expenses, net$25.8M$24.6M$25.5M
Income (loss) before income taxes-$23.0M-$77.6M-$20.9M
Income tax (benefit) expense$258.0K-$90.0K$310.0K
Net income (loss)-$23.3M-$77.5M-$21.2M
Basic (in dollars per share)-$1.31-$4.93-$1.34
Diluted (in dollars per share)-$1.31-$4.93-$1.34
Basic weighted average shares outstanding (in shares)17.8M shares15.7M shares15.8M shares
Diluted weighted average shares outstanding (in shares)17.8M shares15.7M shares15.8M shares
Foreign currency translation adjustment$2.0K-$40.0K$12.0K
Other comprehensive income (loss), net of tax$2.0K-$40.0K$12.0K
Total comprehensive income (loss)-$23.3M-$77.6M-$21.2M
Labor, stock-based compensation$0$0$475.0K

Compare Red Robin with another company

The story

The first Red Robin was located at the corner of Furhman and Eastlake Avenues E. in Seattle, at the southern end of the University Bridge. This building dated from 1916 as a grocery store and was later converted into a restaurant in the 1920s; it was owned by 12 properties and known by various names. It was renamed to Sam's Red Robin Tavern in 1942, allegedly by owner Samuel Caston, who sang in a barbershop quartet and could frequently be heard singing the song "When the Red, Red Robin (Comes Bob, Bob, Bobbin' Along)".

In 1969, local Seattle restaurant entrepreneur Gerry Kingen bought and expanded the restaurant. The business dropped the "Sam's" and became Red Robin. The first restaurant was 1,200 sq ft (110 m2). It was a favored hangout for University of Washington students. Kingen continued to operate the location as a tavern for a few years, but later added hamburgers to the menu, eventually giving fans 28 different burgers to choose from, and sales increased.

After ten years of building the Red Robin concept, Kingen decided to franchise it, which proved to be significant in the development of the chain. The chain drew its strength through franchising and through one franchisee in particular. Kingen's association with the company he founded later ended, but the franchising system endured.

In 1979, Kingen sold Michael and Steve Snyder the rights to open a Red Robin in Yakima, Washington, and The Snyder Group Company became Red Robin's first franchisee. In 1980, Red Robin opened a restaurant in Portland, Oregon. In 1983, Red Robin adopted a mascot named Red. In 1985, Red Robin had 175 restaurants when the corporate headquarters was moved from downtown Seattle to Irvine, California after CEO Kingen sold a controlling interest in Red Robin Corp. to Skylark Corporation of Japan and where Michael Snyder had Red Robin offices. With marginal successes and poor financial performance under Skylark's management, Kingen, then a minority owner, in 1995 stepped back into Red Robin with Michael Snyder. In 2000, the company opened its 150th restaurant. The headquarters were moved to the Denver Tech Center. In 2000, Red Robin merged with the Snyder Group, and Snyder became the company's president, chairman, and CEO. Snyder took the company public in 2002. In 2005, Snyder was ousted as CEO after allegations of fraud, which led to a SEC investigation and settlement and shareholders' lawsuit.

The first Red Robin in the Chicago area opened in January 2001 at Woodfield Mall in Schaumburg, Illinois. Additional locations opened in Warrenville and Wheaton that year.

The original Red Robin closed on March 21, 2010, due to prohibitive maintenance costs for the old building. It was demolished on August 28, 2014, to make way for a three-story residential building named the "Robin's Nest".

As of the fiscal year 2015, the company had 538 restaurants with a revenue of $1.25 billion. To expand their reach, Red Robin added a "simplified" line of restaurants called Red Robin's Burger Works featuring quick service and with locations in Washington, D.C., Illinois, Ohio, and Colorado. These restaurants, launched in 2011, were mostly closed in 2016; three were rebranded as Red Robin Express to differentiate them from full-service locations.

On December 2, 2018, Michael Snyder died by suicide. In September 2019, Paul J.B. Murphy III was appointed president, Chief Executive Officer, and a member of the company's board of directors, effective October 3, 2019. The following month, the company announced plans to close its five locations in Alberta, Canada in the Edmonton area by early December.

Read the full text

In 2021, Red Robin refocused its efforts on growth in its home state of Washington, opening a new location in Federal Way, Washington on November 15. The following November, the company closed its location in Baton Rouge, Louisiana and finished pulling all of its locations out of the Boston area.

In February 2025, Red Robin announced plans to close approximately 70 underperforming locations over the next five years to repay debt, with 10 to 15 closures expected in 2025.

In May 2025, Red Robin introduced a Burger Pass promotion, offering a daily burger and side for $20 during the month. The promotion caused website issues due to high traffic, leading to customer complaints.

From Wikipedia’s article on Red Robin, shared under CC BY-SA 4.0.7

Leadership

Who has led Red Robin, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (56)

Timeline

  1. Apr 25, 2025New chief executive David Pace becomes CEO18
  2. Sep 15, 2022New chief executive Gerard Johan Hart becomes CEO19
  3. Oct 10, 2019New chief executive Paul J. B. Murphy Iii. becomes CEO21
  4. Jun 3, 2019New chief executive Pattye L. Moore becomes CEO20
  5. Oct 5, 2016New chief executive Denny Marie Post becomes CEO22
  6. Sep 14, 2010New chief executive Stephen E. Carley becomes CEO23
  7. Feb 24, 2006New chief executive Dennis B. Mullen becomes CEO24
  8. Jul 19, 2002Went public Listed on NASDAQ1
  9. 1940Founded Founded in Seattle1

Filings

369 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 73 major events, 184 insider forms, 44 large holders, 48 other. The latest 20:

  1. Oct 7, 20264 EDGAR
  2. Oct 5, 20268-K EDGAR
  3. Sep 29, 20264 EDGAR
  4. Sep 23, 20264 EDGAR
  5. Sep 23, 20263 EDGAR
  6. Sep 17, 20268-K EDGAR
  7. Sep 16, 20264 EDGAR
  8. Sep 14, 20263 EDGAR
  9. Sep 1, 20268-K EDGAR
  10. Aug 12, 202610-Q EDGAR
  11. Aug 12, 20268-K EDGAR
  12. Aug 7, 20264 EDGAR
  13. Jul 31, 20263 EDGAR
  14. Jul 24, 20268-K/A EDGAR
  15. Jul 23, 20268-K EDGAR
  16. Jun 16, 2026144 EDGAR
  17. Jun 15, 20268-K EDGAR
  18. Jun 5, 20263 EDGAR
  19. May 28, 20268-K EDGAR
  20. May 19, 202610-Q EDGAR

The 369 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

60 open-market trades by officers, directors and large owners since October 2021: 34 buys and 26 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Apr 6, 2026Griffith JesseChief Operations OfficerSale1,008$3.03$3.1KForm 4
Mar 23, 2026Griffith JesseChief Operations OfficerSale839$3.12$2.6KForm 4
Mar 23, 2026Mussetter Sarah A.CHIEF LEGAL OFFICERSale2,913$3.12$9.1KForm 4
Mar 16, 2026Griffith JesseChief Operations OfficerSale1,402$3.21$4.5KForm 4
Mar 16, 2026Mussetter Sarah A.CHIEF LEGAL OFFICERSale4,037$3.21$13.0KForm 4
Dec 9, 2025Mussetter Sarah A.CHIEF LEGAL OFFICERSale2,800$3.88$10.9KForm 4
Nov 17, 2025Wilson Joshua ToddCHIEF FINANCIAL OFFICERSale6,015$4.15$25.0KForm 4
Aug 22, 2025Jumana Capital Investments LLC10% ownerBuy34,649$6.29$217.9KForm 4
Aug 21, 2025Jumana Capital Investments LLC10% ownerBuy18,351$6.14$112.7KForm 4
Jun 20, 2025Ackil Anthony SDirectorBuy14,910$5.03$75.0KForm 4
Mar 24, 2025Hart Gerard JohanPRESIDENT AND CEOSale8,627$4.16$35.9KForm 4
Mar 24, 2025Mussetter Sarah A.CHIEF LEGAL OFFICERSale919$4.16$3.8KForm 4
Mar 24, 2025Wilson Joshua ToddCHIEF FINANCIAL OFFICERSale932$4.16$3.9KForm 4
Mar 21, 2025Hart Gerard JohanPRESIDENT AND CEOSale10,418$4.16$43.3KForm 4
Mar 21, 2025Mussetter Sarah A.CHIEF LEGAL OFFICERSale1,108$4.16$4.6KForm 4
Mar 21, 2025Wilson Joshua ToddCHIEF FINANCIAL OFFICERSale1,125$4.16$4.7KForm 4
Mar 17, 2025Arnell Brenden RobynCHIEF ACCOUNTING OFFICERSale523$4.39$2.3KForm 4
Mar 17, 2025Spuler MeghanCHIEF PEOPLE OFFICERSale777$4.39$3.4KForm 4
Mar 17, 2025Mussetter Sarah A.CHIEF LEGAL OFFICERSale1,295$4.39$5.7KForm 4
Mar 17, 2025Wilson Joshua ToddCHIEF FINANCIAL OFFICERSale1,714$4.39$7.5KForm 4

All 60 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.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 67. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
JCP Investment Management, LLC1,912,614$15.3M8.2%+41,379
Pacific Ridge Capital Partners, LLC1,779,173$14.2M2.6%−13,817
Bandera Partners LLC1,350,000$10.8M3.8%No change
Vanguard Capital Management LLC662,592$5.3M0.0%+4,271
Coppell Advisory Solutions LLC20$5.3M0.4%New
Mink Brook Asset Management LLC416,211$3.3M1.5%+19,492
Wellington Management Group Llp347,746$2.8M0.0%New
BlackRock, Inc.298,094$2.4M0.0%+12,404
Citadel Advisors LLC209,805$1.7M0.0%+167,241
Geode Capital Management, LLC192,415$1.5M0.0%−3,709
Two Sigma Investments, LP185,113$1.5M0.0%New
Jane Street Group, LLC183,202$1.5M0.0%+149,434
Commonwealth Equity Services, LLC182,193$1.5M0.0%+10,634
AYAL Capital Advisors Ltd179,944$1.4M0.7%New
Us Bancorp \de\155,373$1.2M0.0%New
GatePass Capital, LLC148,000$1.2M0.5%No change
D. E. Shaw & Co., Inc.145,721$1.2M0.0%−86,744
Renaissance Technologies LLC118,164$944.1K0.0%−45,680
CastleKnight Management LP104,836$837.6K0.0%No change
Vanguard Fiduciary Trust Co101,507$811.0K0.0%+10,436
Western Standard LLC88,418$706.5K0.2%New
State Street Corp79,787$637.5K0.0%No change
Fuller & Thaler Asset Management, Inc.74,890$598.4K0.0%−645
Dimensional Fund Advisors LP63,168$504.2K0.0%+28,153
Centiva Capital, LP50,121$400.5K0.0%−53,195

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

Sources

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