RAVE Restaurant Group, Inc. (RAVE) Cash Flow Statement
Where RAVE’s cash came from and went, FY2026
June 30, 2026 · U.S. dollars- Cash from operations
- $3.4M 0.0% vs FY2025
- Capital expenditures
- $56,000 0.4% of revenue
- Free cash flow
- $3.3M 25.9% margin
- Returned to shareholders
- —
- Change in cash
- −$27,000 cash at year-end $2.9M
Cash from operations
$3.4M
Capital expenditures
−$56,000
Acquisitions & other
−$2.0M
Other financing
−$1.4M
Change in cash
−$27,000
Drawn to scale: where the cash came from and how it was used. Hover for values.
RAVE operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
RAVE cash flow trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$5.5MFY2017 | $3.4MFY2026 | — | |
| Capital expenditures | $573,000FY2017 | $56,000FY2026 | −22.8%/yr | |
| Free cash flow | −$6.1MFY2017 | $3.3MFY2026 | — | |
| Free cash flow margin | −10.7%FY2017 | 25.9%FY2026 | +36.6 pts | |
| Operating cash flow / net income | −2.04FY2018 | 1.26FY2026 | +3.30 | |
| Stock-based compensation | $58,000FY2017 | $136,000FY2026 | +9.9%/yr | |
| Share buybacks (net) | $0FY2017 | $1.2MFY2025 | — | |
| Capex / revenue | 1.0%FY2017 | 0.4%FY2026 | −0.6 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RAVE cash flow by activity
OperatingInvestingFinancingChange in cash
RAVE net income vs operating cash flow
Net incomeOperating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
RAVE cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $2.7M | $2.7M | $2.5M | $1.6M | $8.0M | $1.5M | −$4.2M | −$750,000 | $1.9M | −$12.5M |
| Depreciation & amortization | $480,000 | $534,000 | $629,000 | $651,000 | $608,000 | $736,000 | $657,000 | $466,000 | $874,000 | $2.5M |
| Stock-based compensation | $136,000 | $136,000 | $149,000 | $345,000 | $169,000 | $80,000 | −$104,000 | $36,000 | $115,000 | $58,000 |
| Change in working capital | −$794,000 | −$626,000 | −$1.2M | −$488,000 | −$1.7M | −$353,000 | −$1.7M | −$1.3M | −$7.9M | −$1.6M |
| Other non-cash items | $871,000 | $649,000 | $651,000 | $508,000 | −$5.7M | −$498,000 | $5.0M | $2.2M | $1.1M | $6.0M |
| Cash from operating activities | $3.4M | $3.4M | $2.7M | $2.6M | $1.4M | $1.5M | −$360,000 | $659,000 | −$3.9M | −$5.5M |
| Investing activities | ||||||||||
| Capital expenditures | −$56,000 | −$56,000 | −$76,000 | −$234,000 | −$162,000 | −$286,000 | −$56,000 | −$81,000 | −$1.1M | −$573,000 |
| Investments (net) | — | −$2.0M | −$4.9M | −$15,000 | $338,000 | −$238,000 | $67,000 | $201,000 | $708,000 | $426,000 |
| Acquisitions & other investing | −$2.0M | $56,000 | $76,000 | $234,000 | $162,000 | $286,000 | $56,000 | $11,000 | $1.1M | $573,000 |
| Cash from investing activities | −$2.0M | −$2.0M | −$4.9M | −$15,000 | $338,000 | −$238,000 | $67,000 | $131,000 | $708,000 | $426,000 |
| Financing activities | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | $0 | — |
| Share repurchases & issuance (net) | — | −$1.2M | $0 | −$5.0M | −$512,000 | $0 | $357,000 | $88,000 | $5.1M | $806,000 |
| Net borrowing (repayment) | — | $0 | $0 | −$30,000 | −$1.8M | $250,000 | $657,000 | $657,000 | −$1.0M | $2.9M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $3.8M | $357,000 | $88,000 | $0 | $0 |
| Other financing | −$1.4M | −$182,000 | −$311,000 | $0 | $0 | −$131,000 | −$372,000 | −$745,000 | $0 | $1.0M |
| Cash from financing activities | −$1.4M | −$1.4M | −$311,000 | −$5.0M | −$2.3M | $3.9M | $999,000 | $88,000 | $4.1M | $4.7M |
| Summary | ||||||||||
| Net change in cash | −$27,000 | −$27,000 | −$2.4M | −$2.4M | −$607,000 | $5.1M | $706,000 | $878,000 | $935,000 | −$422,000 |
| Cash at end of period | $2.9M | $2.9M | $2.9M | $5.3M | $7.7M | $8.3M | $3.2M | $2.3M | $1.4M | $451,000 |
| Free cash flow | $3.3M | $3.3M | $2.7M | $2.4M | $1.2M | $1.2M | −$416,000 | $578,000 | −$5.0M | −$6.1M |
| Free cash flow margin | 25.9% | 27.7% | 21.9% | 20.1% | 11.4% | 14.0% | −4.1% | 4.7% | −33.0% | −10.7% |
| Capex / revenue | 0.4% | 0.5% | 0.6% | 2.0% | 1.5% | 3.3% | 0.6% | 0.7% | 7.2% | 1.0% |
| Operating cash flow / net income | 1.26 | 1.26 | 1.11 | 1.63 | 0.17 | 0.98 | — | — | −2.04 | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $620,000 | $800,000 | $637,000 | $645,000 | $847,000 | $722,000 | $607,000 | $526,000 | $880,000 | $654,000 | $553,000 | $386,000 |
| Depreciation & amortization | $121,000 | $121,000 | $120,000 | $118,000 | $127,000 | $151,000 | $116,000 | $140,000 | $145,000 | $153,000 | $164,000 | $167,000 |
| Stock-based compensation | −$75,000 | $111,000 | $62,000 | $38,000 | −$42,000 | $52,000 | $53,000 | $73,000 | $22,000 | $45,000 | $3,000 | $79,000 |
| Change in working capital | $290,000 | −$133,000 | −$649,000 | −$302,000 | $1,000 | −$82,000 | −$257,000 | −$288,000 | $4,000 | −$13,000 | −$1.0M | −$137,000 |
| Other non-cash items | $546,000 | $237,000 | $136,000 | $109,000 | $294,000 | $110,000 | $176,000 | $69,000 | $358,000 | $187,000 | −$27,000 | $133,000 |
| Cash from operating activities | $1.5M | $1.1M | $306,000 | $608,000 | $1.2M | $953,000 | $695,000 | $520,000 | $1.4M | $1.0M | −$323,000 | $628,000 |
| Investing activities | ||||||||||||
| Capital expenditures | −$4,000 | −$32,000 | −$9,000 | −$8,000 | −$23,000 | $0 | −$44,000 | $0 | −$8,000 | −$30,000 | −$19,000 | −$27,000 |
| Investments (net) | — | −$586,000 | −$1.1M | −$2.1M | $897,000 | −$1.9M | $975,000 | −$2.0M | −$4.8M | −$14,000 | −$4,000 | −$12,000 |
| Acquisitions & other investing | $1.7M | $3,000 | $3,000 | $8,000 | $23,000 | $0 | $44,000 | $0 | $8,000 | $30,000 | $19,000 | $27,000 |
| Cash from investing activities | $1.7M | −$615,000 | −$1.1M | −$2.1M | $897,000 | −$1.9M | $975,000 | −$2.0M | −$4.8M | −$14,000 | −$4,000 | −$12,000 |
| Financing activities | ||||||||||||
| Share repurchases & issuance (net) | — | — | — | — | $1,000 | −$1.2M | — | — | $0 | $0 | $0 | $0 |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$1.4M | $0 | — | — | $0 | $0 | −$182,000 | — | $0 | $0 | −$311,000 | $0 |
| Cash from financing activities | −$1.4M | $0 | — | — | $1,000 | −$1.2M | −$182,000 | — | $0 | $0 | −$311,000 | $0 |
| Summary | ||||||||||||
| Net change in cash | $1.7M | $521,000 | −$773,000 | −$1.5M | $2.1M | −$2.1M | $1.5M | −$1.5M | −$3.4M | $1.0M | −$638,000 | $616,000 |
| Cash at end of period | $2.9M | $1.1M | $624,000 | $1.4M | $2.9M | $734,000 | $2.9M | $1.4M | $2.9M | $6.3M | $5.3M | $5.9M |
| Free cash flow | $1.5M | $1.1M | $297,000 | $600,000 | $1.2M | $953,000 | $651,000 | $520,000 | $1.4M | $996,000 | −$342,000 | $601,000 |
| Free cash flow margin | 43.8% | 34.3% | 9.8% | 18.7% | 38.2% | 32.1% | 22.7% | 17.0% | 41.8% | 33.6% | −12.5% | 19.5% |
| Capex / revenue | 0.1% | 1.0% | 0.3% | 0.2% | 0.7% | 0.0% | 1.5% | 0.0% | 0.2% | 1.0% | 0.7% | 0.9% |
| Operating cash flow / net income | 2.42 | 1.42 | 0.48 | 0.94 | 1.45 | 1.32 | 1.14 | 0.99 | 1.60 | 1.57 | −0.58 | 1.63 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
RAVE cash generation
In fiscal 2026 (ended June 30, 2026), RAVE Restaurant generated $3.4 million of cash from operations (up 0.0%) and spent $0.1 million on capital expenditures, leaving free cash flow of $3.3 million, 25.9% of revenue. Cash and equivalents fell by $0.0 million over the year.
Related: RAVE income statement, RAVE balance sheet. See the RAVE stock overview for the latest quote and news.
RAVE cash flow FAQ
What is RAVE Restaurant's free cash flow?
RAVE Restaurant's free cash flow was $3.3 million in fiscal 2026: $3.4 million of operating cash flow minus $0.1 million of capital expenditures It was $3.3 million a year earlier..
How much cash does RAVE Restaurant generate from operations?
RAVE Restaurant generated $3.4 million of cash from operating activities in fiscal 2026, 1.26 times its net income of $2.7 million.
How much does RAVE Restaurant spend on capital expenditures?
RAVE Restaurant spent $0.1 million on capital expenditures in fiscal 2026, 0.4% of revenue, compared with $0.1 million the year before.