Rave Restaurant Group, Inc.
RAVE Consumer Cyclical Restaurants
Rave Restaurant Group, Inc.’s revenue for fiscal 2026 (year ended June 2026) was $12.9 million, up 7.23% from fiscal 2025. In the quarter to June 2026, revenue grew 8.81%, EPS was flat and free cash flow grew 30.0%, each against the same quarter a year earlier. Dividend growth for three consecutive years, operating cash flow growth for three.
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Rave Restaurant Group, Inc. (RAVE) Piotroski F-score
Rave Restaurant Group, Inc.'s Piotroski F-score for fiscal 2026 is 7 out of 9: 7 of nine tests of profitability, leverage and efficiency passed, unchanged from fiscal 2025.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2026 | 7 | 0.00 |
| FY2025 | 7 | (2.00) |
| FY2024 | 9 | 3.00 |
| FY2023 | 6 | 0.00 |
| FY2022 | 6 | 0.00 |
| FY2021 | 6 | 4.00 |
| FY2020 | 2 | (2.00) |
| FY2019 | 4 | (1.00) |
| FY2018 | 5 | 3.00 |
| FY2017 | 2 | — |
How fiscal 2026’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 15.95% | 16.69% | Pass | 1 |
| Positive operating cash flow | 3.55m | 3.40m | Pass | 1 |
| Rising return on assets | 15.95% | 16.69% | Fail | 0 |
| Cash flow above net income | 674.00k | 693.00k | Pass | 1 |
| Falling long-term leverage | 0.00 | 0.00 | Pass | 1 |
| Rising current ratio | 9.31 | 6.61 | Pass | 1 |
| No new shares issued | 14,212,000 | 14,499,000 | Pass | 1 |
| Rising gross margin | 73.94% | 71.78% | Pass | 1 |
| Rising asset turnover | 0.72 | 0.74 | Fail | 0 |
| Piotroski F-score | Strong — most fundamentals improved | 7 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| RAVE Rave Restaurant Group, Inc. | 7 |
| GTIM Good Times Restaurants Inc. compare | 5 |
| STKS The ONE Group Hospitality, Inc. compare | 4 |
| ARKR Ark Restaurants Corp. compare | 4 |
| PETZ TDH Holdings, Inc. compare | 4 |
| THCH TH International Limited compare | 4 |
| CCHH CCH Holdings Ltd compare | 3 |
| VENU Venu Holding Corporation compare | 3 |
| GENK GEN Restaurant Group, Inc. compare | 2 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover