---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-022228"
form_type: "8-K"
ticker: "RICK"
cik: "0000935419"
company_name: "RCI HOSPITALITY HOLDINGS, INC."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T08:16:29.600843+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# RCI Hospitality Q2 2024 EPS drops to $0.08 from $0.83; Adjusted EBITDA down 21% YoY

## Summary
- Total revenues $72.3M, up ~1% YoY vs $71.5M; net income plunged to $0.8M from $7.7M.
- GAAP EPS $0.08 vs $0.83; non-GAAP EPS $0.90 vs $1.30; other charges surged to $8.2M.
- Adjusted EBITDA $17.2M vs $21.7M (-21%); free cash flow $8.8M vs $14.8M (-41%).
- Cash from operations $10.8M vs $16.8M; weighted avg shares 9.35M.

## SEC filing metadata
- accession: 0001628280-24-022228
- form_type: 8-K
- ticker: RICK
- cik: 0000935419
- company_name: RCI HOSPITALITY HOLDINGS, INC.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/935419/000162828024022228/0001628280-24-022228-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/935419/000162828024022228/rick-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-022228
- JSON: https://secwatch.observer/filing/0001628280-24-022228.json
- Plain text: https://secwatch.observer/filing/0001628280-24-022228.txt

## Key facts
- Earnings Releases
  RCI HOSPITALITY HOLDINGS, INC. reported fiscal 2024 second quarter ended March 31, 2024 results: revenue $72.3, net income $0.8, EPS $0.08.
  - Period: fiscal 2024 second quarter ended March 31, 2024
  - Revenue: $72.3
  - Net income: $0.8
  - EPS: $0.08
  - Result: reported results
  source text: the fiscal 2024 second quarter ended March 31, 2024. The company also filed its Form 10-Q today. Summary Financials (in millions except EPS) 2Q24 2Q23 6M24 6M23 Total revenues $72.3 $71.5 $146.2 $141.5 EPS $0.08 $0.83 $0.85 $1.94 Non-GAAP EPS 1 $0.90 $1.30 $1.76 $2.50 Other charges, net $8.2 $3.8 $8.2 $3.1 Net cash from operating activities $10.8 $16.8 $24.5
  evidence_url: https://www.sec.gov/Archives/edgar/data/935419/000162828024022228/0001628280-24-022228-index.htm

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