Rick’s Cabaret owner RCI’s excuse for late financial reports: Our other reports were late.
We haven’t checked in on our favorite strip club stock lately so I thought I’d just see what they were up to. Apparently, they had some issues filing reports over the summer. Whoops.
RCI’s overdue reports became a chain reaction. Here’s how the excuses piled up before it regained Nasdaq filing compliance in May.
December 15, 2025: More audit work. RCI blamed its late annual report on additional audit procedures connected to the New York indictment.
February 9, 2026: Still waiting on that annual report. RCI said it couldn’t finish the December-quarter report because the annual report remained unfinished.
May 11: The earlier delays made us late again. The annual report arrived March 19; the December-quarter report, May 7. That left a “late start” on the March-quarter report. RCI said it hadn’t had “sufficient time.”
Its May 11 release announced restored Nasdaq filing compliance—and the next delay. Same release. It didn’t expect to meet the extension period, either.
June 1: Finally, the cure. RCI announced it had filed the March-quarter report May 28. Nasdaq restored filing compliance May 29.