Red Robin Gourmet Burgers, Inc. (RRGB) Income Statement

28Y historyFree accessUpdated daily

Revenue has contracted across recent periods, and operating margin has oscillated from -11.8% in 2024Q4 to 2.2% in 2026Q2, suggesting that the recent recovery has not yet proven durable.

Annual statement

RRGB Income Statement

Red Robin Gourmet Burgers, Inc. (RRGB) annual income statement — 28-year revenue, gross profit & net income history

Annual Quarterly

Metric	TTM	Dec'25	Dec'24	Dec'23	Dec'22	Dec'21	Dec'20	Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08	Dec'07	Dec'06	Dec'05	Dec'04	Dec'03	Dec'02	Dec'01	Dec'00	Dec'99	Dec'98

Sales/Revenue	1.19B	1.21B	1.25B	1.3B	1.27B	1.16B	868.72M	1.32B	1.34B	1.38B	1.3B	1.26B	1.15B	1.02B	977.13M	914.85M	864.27M	841.04M	869.22M	763.47M	618.72M	486.02M	409.06M	328.61M	374.41M	224.48M	189.17M	130.01M	118.22M
Revenue Growth %	-3.71%	-3.07%	-4.18%	2.96%	8.94%	33.72%	-33.94%	-1.76%	-3.07%	6.52%	3.09%	9.73%	12.67%	4.11%	6.81%	5.85%	2.76%	-3.24%	13.85%	23.4%	27.3%	18.81%	24.48%	-12.23%	66.79%	18.67%	45.5%	9.98%	-
Cost of Goods Sold	768.3M	387.84M	395.75M	885.26M	845.94M	767.28M	630.84M	871.98M	883.91M	908.54M	844.89M	808.16M	746.61M	659.43M	636.71M	720.59M	695.71M	671.78M	203.46M	594.54M	475.37M	211.02M	150.44M	257.77M	213.64M	173.78M	43.9M	30.16M	27.68M
COGS % of Revenue	-	32.05%	31.7%	67.94%	66.84%	66.05%	72.62%	66.31%	66.03%	65.79%	65.17%	64.26%	65.14%	64.82%	65.16%	78.77%	80.5%	79.87%	23.41%	77.87%	76.83%	43.42%	36.78%	78.44%	57.06%	77.41%	23.2%	23.2%	23.41%
Gross Profit	421.78M	822.38M	852.81M	417.79M	419.59M	394.36M	237.88M	443.03M	454.65M	472.39M	451.55M	449.43M	399.49M	357.82M	340.42M	194.26M	168.56M	169.27M	665.75M	168.93M	143.35M	275.01M	258.63M	70.84M	160.77M	50.7M	145.27M	99.85M	90.54M
Gross Margin %	35.44%	67.95%	68.3%	32.06%	33.16%	33.95%	27.38%	33.69%	33.97%	34.21%	34.83%	35.74%	34.86%	35.18%	34.84%	21.23%	19.5%	20.13%	76.59%	22.13%	23.17%	56.58%	63.22%	21.56%	42.94%	22.59%	76.8%	76.8%	76.59%
Gross Profit Growth %	-	-3.57%	104.13%	-0.43%	6.4%	65.78%	-46.31%	-2.56%	-3.75%	4.61%	0.47%	12.5%	11.65%	5.11%	75.24%	15.25%	-0.42%	-74.58%	294.1%	17.84%	-47.87%	6.33%	265.08%	-55.94%	217.1%	-65.1%	45.49%	10.29%	-
Operating Expenses	426.13M	819.59M	905.89M	413.24M	477.09M	431.49M	513.03M	456.16M	426M	426.44M	405.56M	381.81M	345.97M	312.49M	295.21M	161.92M	152.71M	141.32M	622.47M	114.54M	95.5M	230.72M	221.01M	44.16M	138.71M	31.96M	180.46M	122.87M	111.24M
OpEx % of Revenue	-	67.72%	72.55%	31.71%	37.7%	37.15%	59.06%	34.69%	31.83%	30.88%	31.28%	30.36%	30.19%	30.72%	30.21%	17.7%	17.67%	16.8%	71.61%	15%	15.44%	47.47%	54.03%	13.44%	37.05%	14.24%	95.39%	94.5%	94.1%
Selling, General & Admin	101.41M	107.58M	118.44M	124.13M	136.61M	122.74M	109.33M	160.22M	146.46M	150.02M	136.86M	143.08M	132.16M	124.28M	110.8M	103.12M	92.96M	80.46M	64.4M	65.16M	56.65M	198.41M	195.88M	25.19M	22.24M	17.77M	16.99M	13.43M	13.58M
SG&A % of Revenue	-	8.89%	9.49%	9.53%	10.79%	10.57%	12.58%	12.18%	10.94%	10.86%	10.56%	11.38%	11.53%	12.22%	11.34%	11.27%	10.76%	9.57%	7.41%	8.53%	9.16%	40.82%	47.88%	7.66%	5.94%	7.91%	8.98%	10.33%	11.49%
Research & Development	0	0	0	0	0	0	0	0	0	0	0	0	7.6M	0	0	4.14M	4.12M	4.2M	4.6M	4.07M	4.99M	4.65M	4.06M	2.85M	3.26M	3.7M	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	0.66%	-	-	0.45%	0.48%	0.5%	0.53%	0.53%	0.81%	0.96%	0.99%	0.87%	0.87%	1.65%	-	-	-
Other Operating Expenses	4M	712.01M	787.45M	289.11M	340.48M	308.75M	403.7M	295.94M	-39.13M	-6.91M	268.7M	238.73M	213.81M	188.21M	229K	-90K	46K	380K	553.47M	45.31M	33.87M	27.66M	21.07M	16.13M	113.22M	10.49M	163.47M	109.43M	97.66M
Operating Income	-4.36M	2.79M	-53.08M	4.54M	-57.5M	-37.14M	-275.15M	-13.13M	-10.48M	39.03M	11.57M	67.05M	44.68M	43.81M	45.21M	28M	9.73M	27.94M	45.19M	52.57M	47.85M	44.29M	37.62M	26.68M	22.06M	18.74M	8.71M	7.14M	6.98M
Operating Margin %	-0.37%	0.23%	-4.25%	0.35%	-4.54%	-3.2%	-31.67%	-1%	-0.78%	2.83%	0.89%	5.33%	3.9%	4.31%	4.63%	3.06%	1.13%	3.32%	5.2%	6.89%	7.73%	9.11%	9.2%	8.12%	5.89%	8.35%	4.61%	5.5%	5.9%
Operating Income Growth %	-	105.26%	-1268.67%	107.9%	-54.82%	86.5%	-1996.03%	-25.2%	-126.86%	237.36%	-82.74%	50.04%	1.99%	-3.09%	61.45%	187.69%	-65.17%	-38.17%	-14.04%	9.87%	8.03%	17.74%	40.99%	20.94%	17.71%	115.04%	21.97%	2.39%	-
EBITDA	44.76M	53.91M	4.65M	70.73M	18.75M	46.3M	-187.59M	78.66M	84.89M	131.58M	98.27M	144.42M	109.26M	102.01M	100.68M	83.27M	66.47M	85.11M	96.88M	96.62M	82.03M	70.92M	59.31M	43.38M	35.38M	29.23M	17.18M	12.54M	11.99M
EBITDA Margin %	3.76%	4.45%	0.37%	5.43%	1.48%	3.99%	-21.59%	5.98%	6.34%	9.53%	7.58%	11.48%	9.53%	10.03%	10.3%	9.1%	7.69%	10.12%	11.15%	12.65%	13.26%	14.59%	14.5%	13.2%	9.45%	13.02%	9.08%	9.64%	10.14%
EBITDA Growth %	74.47%	1059.85%	-93.43%	277.28%	-59.51%	124.68%	-338.47%	-7.33%	-35.49%	33.9%	-31.96%	32.18%	7.11%	1.33%	20.9%	25.28%	-21.9%	-12.15%	0.27%	17.79%	15.66%	19.58%	36.73%	22.6%	21.04%	70.19%	36.98%	4.61%	-
D&A (Non-Cash Add-back)	49.12M	51.12M	57.73M	66.19M	76.25M	83.44M	87.56M	91.79M	95.37M	92.55M	86.69M	77.37M	64.58M	58.2M	55.47M	55.27M	56.74M	57.17M	51.69M	44.05M	34.18M	26.63M	21.7M	16.7M	13.32M	10.49M	8.46M	5.39M	5.01M
EBIT	-4.45M	2.93M	-52.35M	5.64M	-57.49M	-36.42M	-273.39M	-12.06M	-10.48M	45.95M	12.03M	67.05M	44.9M	43.94M	42.52M	28M	9.84M	28.43M	45.5M	52.93M	47.85M	44.29M	38.11M	26.21M	21.56M	18.74M	-35.18M	-23.01M	-20.7M
Net Interest Income	-25.36M	-25.96M	-24.55M	-25.46M	-20.64M	-13.46M	-8.41M	-9.11M	-10.93M	-10.01M	-6.78M	-3.81M	-2.83M	-2.56M	-5.43M	-5.91M	-5M	-6.79M	-8.24M	-9.23M	0	0	0	0	0	0	0	0	0
Interest Income	136K	0	727K	1.1M	0	719K	1.76M	1.07M	0	943K	457K	0	220K	127K	229K	62K	63K	0	320K	398K	0	0	0	0	0	0	0	0	0
Interest Expense	25.5M	25.96M	25.28M	26.56M	20.64M	14.18M	10.16M	10.18M	10.93M	10.96M	7.24M	3.81M	3.04M	2.69M	5.66M	5.88M	5.11M	6.79M	8.56M	14.61M	0	0	0	3.12M	0	7.48M	0	0	0
Other Income/Expense	-25.59M	-25.82M	-24.55M	-25.46M	-20.64M	-13.46M	-8.41M	-9.11M	-10.93M	-10.01M	-6.78M	-3.81M	-2.83M	-2.56M	-8.35M	-5.91M	-5M	-6.41M	-8.25M	-9.27M	-5.55M	-3.05M	-2.22M	-2.88M	-9.81M	-7.29M	-5.76M	-4.36M	-4.77M
Pretax Income	-29.94M	-23.03M	-77.63M	-20.92M	-78.14M	-50.59M	-283.55M	-22.24M	-21.41M	29.02M	4.79M	63.24M	41.86M	41.25M	36.86M	22.09M	4.73M	21.53M	36.94M	43.3M	42.3M	41.24M	35.4M	23.8M	12.34M	11.45M	2.96M	2.78M	2.21M
Pretax Margin %	-2.52%	-1.9%	-6.22%	-1.61%	-6.17%	-4.36%	-32.64%	-1.69%	-1.6%	2.1%	0.37%	5.03%	3.65%	4.06%	3.77%	2.41%	0.55%	2.56%	4.25%	5.67%	6.84%	8.49%	8.65%	7.24%	3.3%	5.1%	1.56%	2.14%	1.87%
Income Tax	378K	258K	-90K	310K	747K	-152K	-7.48M	-14.33M	-14.99M	-999K	-6.94M	15.53M	9.3M	9.01M	8.53M	1.51M	-2.57M	3.93M	9.81M	12.65M	12.94M	13.86M	12.02M	8.07M	4.08M	3.72M	-50.66M	-1.6M	-33K
Effective Tax Rate %	-1.26%	-1.12%	0.12%	-1.48%	-0.96%	0.3%	2.64%	64.46%	70.02%	-3.44%	-144.88%	24.56%	22.21%	21.84%	23.13%	6.84%	-54.31%	18.25%	26.57%	29.21%	30.58%	33.6%	33.95%	33.9%	33.06%	32.52%	-1713.84%	-57.33%	-1.5%
Net Income	-30.32M	-23.28M	-77.54M	-21.23M	-78.88M	-50.44M	-276.07M	-7.9M	-6.42M	30.02M	11.72M	47.7M	32.56M	32.24M	28.33M	20.58M	7.3M	17.6M	27.13M	30.65M	29.36M	27.39M	23.38M	15.73M	8.26M	7.72M	15.48M	4.38M	2.24M
Net Margin %	-2.55%	-1.92%	-6.21%	-1.63%	-6.23%	-4.34%	-31.78%	-0.6%	-0.48%	2.17%	0.9%	3.79%	2.84%	3.17%	2.9%	2.25%	0.84%	2.09%	3.12%	4.01%	4.75%	5.63%	5.72%	4.79%	2.21%	3.44%	8.18%	3.37%	1.89%
Net Income Growth %	43.17%	69.97%	-265.28%	73.09%	-56.38%	81.73%	-3393.21%	-23.12%	-121.38%	156.03%	-75.42%	46.51%	1%	13.79%	37.68%	181.92%	-58.53%	-35.12%	-11.5%	4.39%	7.22%	17.13%	48.6%	90.41%	6.98%	-50.1%	253.42%	95.71%	-
Net Income (Continuing)	-30.32M	-23.28M	-77.54M	-21.23M	-78.88M	-50.44M	-276.07M	-7.9M	-6.42M	30.02M	11.72M	47.7M	32.56M	32.24M	28.33M	20.58M	7.3M	17.6M	27.13M	30.65M	29.36M	27.39M	23.38M	15.45M	7.89M	7.72M	15.48M	4.38M	2.24M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	-1.39	-1.31	-4.93	-1.34	-4.98	-3.19	-19.29	-0.61	-0.49	2.31	0.87	3.36	2.25	2.22	1.93	1.34	0.46	1.14	1.69	1.82	1.75	1.64	1.43	1.00	0.62	0.76	2.08	1.47	0.78
EPS Growth %	50.32%	73.43%	-267.91%	73.09%	-56.11%	83.46%	-3062.3%	-24.49%	-121.21%	165.52%	-74.11%	49.33%	1.35%	15.03%	44.03%	191.3%	-59.65%	-32.54%	-7.14%	4%	6.71%	14.69%	43%	61.29%	-18.42%	-63.46%	41.5%	88.46%	-
EPS (Basic)	-	-1.31	-4.93	-1.34	-4.98	-3.19	-19.29	-0.61	-0.49	2.33	0.88	3.40	2.29	2.27	1.97	1.36	0.47	1.14	1.70	1.84	1.78	1.68	1.46	1.02	0.64	0.77	2.08	1.47	0.78
Diluted Shares Outstanding	21.87M	17.79M	15.74M	15.84M	15.84M	15.66M	14.31M	12.96M	12.98M	13M	13.46M	14.22M	14.45M	14.51M	14.67M	15.36M	15.71M	15.5M	16.05M	16.82M	16.74M	16.66M	16.41M	15.46M	12.66M	10.24M	7.44M	2.97M	2.9M
Basic Shares Outstanding	18.73M	17.79M	15.74M	15.84M	15.84M	15.66M	14.31M	12.96M	12.98M	12.9M	13.33M	14.04M	14.24M	14.22M	14.41M	15.12M	15.54M	15.39M	15.93M	16.65M	16.54M	16.29M	16.02M	15.18M	12.28M	10.09M	7.44M	2.97M	2.9M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Key Metrics

Growth RegimeContracting

ProfitabilityWeak

Balance SheetVulnerable

Cash FlowMixed

Top Statement Risk

Persistent revenue erosion and losses

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q2)

Revenue Base Shrinking Across Recent Periods

Based on the reported quarterly figures, RRGB's revenue declined year over year in most recent quarters, with 2026Q2 revenue of $277.6M down 2.1% and 2026Q1 down 3.6%, suggesting a contracting top line.

The sequence of negative year-over-year revenue changes across the ten-quarter window points to a structural rather than seasonal softening in traffic or check size. Growth is not being rescued by volume or pricing in any visible way, which suggests the company's core dine-in model is losing ground against a competitive casual dining set. Investors should monitor whether comparable-restaurant trends stabilize, since the data provided does not isolate the drivers.

Gross Margin Swings Reflect Cost Volatility

Reported gross margins swung from 76.9% in 2026Q2 to 12.3% in 2026Q1, a range that appears driven by how cost of sales is classified rather than by stable pricing power.

The gap between the highest and lowest quarters is too wide to reflect normal menu pricing dynamics, which suggests the COGS line is absorbing or releasing large cost components across periods. Compared with peers such as Texas Roadhouse at 12.4% and Brinker at 18.6%, the reported figures warrant further investigation before being read as a durable margin advantage. The inconsistency itself limits how confidently the gross profit trend can be relied upon.

Operating Losses Persist Despite Recovery Attempts

Operating margin turned negative in several recent quarters, including -11.8% in 2024Q4 and -4.6% in 2025Q3, while 2026Q2 recovered to a 2.2% operating margin on reported figures.

SG&A has remained relatively flat in dollar terms, around $17.6M to $39.4M per quarter, so the swing in operating income tracks gross profit movement more than overhead discipline. The thin positive operating margin in the latest quarter does not yet establish a sustained turn, given the recurrence of losses. Operating leverage appears limited because a small revenue decline quickly erodes profit at this cost base.

Net Income Diverges From Operating Results

Net income and EPS have turned positive only sporadically, with 2026Q2 EPS of $0.02 against a 2025Q3 loss of $1.03, and reported EPS growth figures are distorted by the small share-level base.

Several quarters show net losses materially larger than operating losses, which suggests non-operating charges or tax effects that are not fully explained in the supplied data. The stock-based compensation line is small relative to the swings in earnings, so it does not appear to explain the volatility. Reported percentage EPS growth rates should be treated with caution given the low absolute EPS values.

Bear Case Rests on Persistent Losses

The strongest challenge to any recovery thesis is that RRGB reported net losses in most of the ten quarters shown, with the largest at -$39.7M in 2024Q4, while revenue continued to decline.

A short-seller would argue that a single positive operating quarter does not offset a multi-year pattern of revenue contraction and losses, and that the 2026Q2 result may reflect timing rather than a durable inflection. Negative net margins through much of the period raise questions about the sustainability of the current cost base at lower sales levels. Any conclusion of recovery should be treated as analytical inference pending several more consistent quarters.

RRGB — Frequently Asked Questions

Quick answers to the most common questions about buying RRGB stock.

What was Red Robin Gourmet Burgers, Inc.'s (RRGB) revenue in 2025?

For fiscal year 2025, Red Robin Gourmet Burgers, Inc. (RRGB) reported total revenue of $1.21B. This represents a 923.7% increase compared to $118.2M in 1998.

Is Red Robin Gourmet Burgers, Inc. (RRGB) profitable?

Red Robin Gourmet Burgers, Inc. (RRGB) reported a net loss of $23.3M for the fiscal year ending 2025.

What is Red Robin Gourmet Burgers, Inc.'s operating profit margin?

Red Robin Gourmet Burgers, Inc. (RRGB) reported an operating income of $2.8M, resulting in an operating profit margin of 0.2%. This margin reflects the operational efficiency of the business before interest and taxes.

What is Red Robin Gourmet Burgers, Inc.'s gross profit and gross margin?

Red Robin Gourmet Burgers, Inc. (RRGB) generated $822.4M in gross profit for the year, representing a gross profit margin of 68.0%. This demonstrates the company's core pricing power and production efficiency.