RCI Hospitality Holdings (RICK) Cash Flow: Operating & Free Cash Flow

RCI Hospitality Holdings (RICK) Cash Flow Statement

In fiscal 2025 (fiscal year ended Sep 30, 2025), RCI Hospitality Holdings generated $49.42M of operating cash flow and spent $14.53M on capital expenditures. That left free cash flow of $34.89M, up 11.5% from $31.28M a year earlier, or 12.5% of revenue. It returned $14.32M to shareholders through $2.46M in dividends and $11.86M in share buybacks.

RCI Hospitality Holdings Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for RCI Hospitality Holdings, Inc. (RICK) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Dec 2019	Dec 2018	Sep 2017
Operating Activities
Net Income	10.84	3.02	29.10	46.06	30.15	-6.31	20.45	21.79	8.28
Depreciation & Amortization	15.08	15.40	15.15	12.39	8.24	8.84	9.07	7.72	6.92
Deferred Income Tax	-1.00	-6.45	-1.78	3.08	-1.25	-1.27	0.82	-6.78	2.17
Stock Based Compensation	1.37	1.88	2.59	2.35	0.00	0.00	0.00	0.00	0.00
Change in Working Capital	17.59	2.67	-1.20	-1.42	-3.45	1.38	2.82	-5.16	-3.65
Change in Accounts Receivable	1.94	4.28	-2.38	-0.18	-0.77	-0.29	0.46	-3.62	0.88
Change in Inventory	-0.02	-0.31	0.18	-0.55	-0.29	0.23	-0.22	-0.20	-0.02
Change in Accounts Payable	16.91	0.00	1.37	0.00	0.00	0.00	0.00	0.00	0.00
Change in Other Working Capital	-1.24	-1.30	3.52	-0.69	-2.40	1.45	2.58	-1.34	-4.50
Other Operating Activities	4.53	39.37	3.52	2.05	8.31	13.00	4.01	9.02	7.37
Net Cash from Operating Activities	49.42	55.88	59.13	64.51	41.99	15.63	37.17	25.77	21.09
Investing Activities
Capital Expenditures	-14.53	-24.60	-40.38	-24.00	-13.51	-5.74	-20.71	-25.26	-11.25
Acquisitions	-13.00	1.97	-29.00	-44.62	5.42	2.22	-6.28	-2.03	-9.53
Other Investing Activities	2.39	1.62	0.32	0.83	1.28	2.52	-0.16	0.96	2.25
Net Cash from Investing Activities	-24.04	-21.02	-64.82	-67.80	-6.81	-0.99	-27.15	-26.34	-18.52
Financing Activities
Debt Repayment	-20.50	-0.34	-15.65	20.93	-10.69	-2.33	-9.41	11.40	-0.68
Common Stock Repurchased	-11.86	-20.61	-2.22	-15.10	-1.79	-9.48	-2.90	0.00	-1.10
Dividends Paid	-2.46	-2.30	-2.15	-1.78	-1.44	-1.29	-1.25	-1.17	-1.17
Other Financing Activities	-0.08	-0.29	-0.84	-0.46	-1.17	-0.03	-0.09	-1.86	-1.03
Net Cash from Financing Activities	-24.02	-23.54	-9.26	3.58	-15.10	-13.13	-13.66	8.37	-3.98
Summary
Net Change in Cash	1.36	11.33	-14.96	0.29	20.08	1.51	-3.63	7.80	-1.41
Cash at Beginning of Period	32.35	21.02	35.98	35.69	15.61	14.10	17.73	9.92	11.33
Cash at End of Period	33.71	32.35	21.02	35.98	35.69	15.61	14.10	17.73	9.92
Free Cash Flow	34.89	31.28	18.75	40.51	28.48	9.90	16.47	0.51	9.85
Supplemental Disclosures
Interest Paid	-	16.16	15.16	11.23	10.36	8.70	-	-	-
Income Taxes Paid	-	5.07	8.64	9.50	5.39	2.20	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About RCI Hospitality Holdings Cash Flow

What is RCI Hospitality Holdings's free cash flow?

RCI Hospitality Holdings generated free cash flow of $34.89M in fiscal 2025 (fiscal year ended Sep 30, 2025), operating cash flow of $49.42M minus $14.53M of capital expenditures. That was up 11.5% from $31.28M a year earlier. Free cash flow equaled 12.5% of revenue.

How much does RCI Hospitality Holdings spend on capital expenditures?

RCI Hospitality Holdings spent $14.53M on capital expenditures in fiscal 2025, compared with $24.60M a year earlier. That equals 29.4% of operating cash flow.

Does RCI Hospitality Holdings pay dividends or buy back shares?

Yes. In fiscal 2025 RCI Hospitality Holdings returned $2.46M in dividends and $11.86M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition