RCI Hospitality Holdings Inc

rcihospitality.com

RCI Hospitality Holdings (NASDAQ: RICK) is an adult entertainment and dining company that owns and operates adult nightclubs and casual dining restaurants through subsidiaries across the United States. Revenue comes from four transactional streams: sales of alcoholic beverages (43.7% of consolidated revenue in FY2025), service revenues including entertainer fees and admission (34.7%), food and merchandise sales (14.3%), and other revenues (7.3%). The company operated 71 establishments in 15 states as of September 30, 2025, organized into two reportable segments: Nightclubs, which generated $242.5 million in revenue in FY2025, and Bombshells restaurants, which generated $35.8 million. Consolidated revenue was $279.4 million in FY2025, down 5.5% from $295.6 million in FY2024. RCIHH was incorporated in Texas in 1994 and became public in 1995. The company also operates a business communications unit serving the adult nightclub industry. Growth has historically been acquisition-driven, with six clubs acquired in FY2023 for a combined $75.5 million.