---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-017248"
form_type: "8-K"
ticker: "RICK"
cik: "0000935419"
company_name: "RCI HOSPITALITY HOLDINGS, INC."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T07:44:00.633286+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# RCI Hospitality Q2 revenue up 12% to $71.5M but GAAP EPS falls 28% to $0.83

## Summary
- Total revenues $71.5M (+12.3% YoY); GAAP EPS $0.83 (-27.8%).
- Non-GAAP EPS $1.30 (+9.2%); Adjusted EBITDA $21.7M (+8.8%).
- Net income $7.7M (-29.4%); net cash from ops $16.8M (+44.8%).
- Free cash flow $14.8M (+33.3%); shares outstanding down 2.4% to 9.3M.

## SEC filing metadata
- accession: 0001628280-23-017248
- form_type: 8-K
- ticker: RICK
- cik: 0000935419
- company_name: RCI HOSPITALITY HOLDINGS, INC.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/935419/000162828023017248/0001628280-23-017248-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/935419/000162828023017248/rick-20230510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-017248
- JSON: https://secwatch.observer/filing/0001628280-23-017248.json
- Plain text: https://secwatch.observer/filing/0001628280-23-017248.txt

## Key facts
- Earnings Releases
  RCI HOSPITALITY HOLDINGS, INC. reported fiscal 2023 second quarter ended March 31, 2023 results: revenue $71.5M, net income $7.7M, EPS $0.83.
  - Period: fiscal 2023 second quarter ended March 31, 2023
  - Revenue: $71.5M
  - Net income: $7.7M
  - EPS: $0.83
  - Result: reported results
  source text: RCI Reports 2Q23 Results: Total Revenues $71.5M, GAAP EPS $0.83, Non-GAAP EPS $1.30 Twitter Spaces Conference Call at 4:30 PM ET Today; Meet Management at 7 PM ET Tonight HOUSTON—May 10, 2023—RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported results and filed its Form 10-Q for the fiscal 2023 second quarter ended March 31, 2023. Summary Financials 2Q23 Change YoY 6M23 Change YoY Total Revenues $71.5M 12.3% $141.5M 12.7% EPS $0.83 -27.8% $1.94 -14.9% Non-GAAP EPS* $1.30 9.2% $2.50 9.2% Net Cash from Operating Activities $16.8M 44.8% $31.7M 13.7% Free Cash Flow* $14.8M 33.3% $27.8M 5.5% Net Income Attributable to RCIHH Common Shareholders $7.7M -29.4% $18.0M -16.5% Adjusted EBITDA* $21.7M 8.8% $42.1M 11.2% Weighted Average Basic & Diluted Shares Outstanding 9.3M -2.4% 9.2M -2.1% * See “
  evidence_url: https://www.sec.gov/Archives/edgar/data/935419/000162828023017248/0001628280-23-017248-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.