RAVE RESTAURANT GROUP, INC.
Rave Restaurant Group, Inc. (NASDAQ: RAVE) operates as a franchisor of pizza-focused restaurant concepts through its Pizza Inn and Pie Five brands. The company does not operate company-owned restaurants but instead generates revenue through franchise royalties, licensing fees, supplier incentives, and advertising fund… From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What RAVE RESTAURANT GROUP, INC. does
In the company’s own words
Rave Restaurant Group, Inc. (NASDAQ: RAVE) operates as a franchisor of pizza-focused restaurant concepts through its Pizza Inn and Pie Five brands. The company does not operate company-owned restaurants but instead generates revenue through franchise royalties, licensing fees, supplier incentives, and advertising fund contributions from its franchisee network. As of June 29, 2025, Rave franchises 117 Pizza Inn restaurants and 17 Pie Five units domestically and internationally, along with one licensed Pizza Inn Express kiosk.
Pizza Inn, the company's flagship brand established in 1958, operates through multiple formats including buffet units featuring dine-in service with hand-made crusts and fresh ingredients, delivery and carry-out units, express locations in non-traditional venues, and ghost kitchens serving online delivery platforms. Pie Five represents the company's fast-casual pizza concept where customers customize individual pizzas with fresh toppings before baking in specialized ovens. The Pizza Inn brand generates substantially higher revenue than Pie Five, with domestic franchised Pizza Inn units producing approximately $106 million in retail sales compared to Pie Five's $11 million during fiscal 2025.
Geographically, domestic Pizza Inn restaurants concentrate in the southern United States, with Texas, North Carolina, Arkansas, and Mississippi representing approximately 20%, 19%, 10%, and 10% of domestic units respectively. International operations span eight countries, predominantly in the Middle East and Saudi Arabia region, with 22 franchised units.
The company maintains 24 full-time employees and generates revenue primarily through franchise and license agreements requiring franchisees to pay initial fees, ongoing royalties based on sales percentages, and contributions to marketing funds. Rave facilitates food and supply distribution through authorized third-party distributors, leveraging volume purchasing power to provide franchisees competitive pricing on proprietary products including cheese, pizza sauce, and flour mixtures while allowing sourcing of non-proprietary items from approved suppliers.
The company's business model emphasizes site selection expertise, franchisee training programs, brand standard enforcement, and centralized marketing coordination across its restaurant system. Rave competes within the intensely competitive pizza and casual dining segments against national chains, regional operators, and frozen pizza products available through retail channels.
Company details
- Sector
- Consumer Discretionary
- Industry
- Wholesale
- Headquarters
- THE COLONY, TX
- Fiscal year end
- June
- CIK
- 718332
- SIC
- 5140
Financial performance, year by year
Fiscal 2015–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns RAVE RESTAURANT GROUP, INC. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · RAVE RESTAURANT GROUP, INC.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Could not be determined for this company: bond issues.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
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