Company: RRGB
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051046
Chunk: 2

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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ITEM 1.    Financial Statements (unaudited)

RED ROBIN GOURMET BURGERS, INC.

 CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)(in thousands, except for per share amounts)October 5, 2025December 29, 2024Assets:Current assets:Cash and cash equivalents$21,671 $30,651 Accounts receivable and other, net12,568 19,688 Inventories26,161 26,737 Prepaid expenses and other current assets10,282 13,608 Restricted cash9,202 8,750 Total current assets79,884 99,434 Property and equipment, net169,634 181,224 Operating lease assets, net303,827 331,617 Intangible assets, net9,635 11,064 Assets held for sale— 4,313 Other assets, net11,239 13,662 Total assets$574,219 $641,314 Liabilities and stockholders' equity (deficit):Current liabilities:Accounts payable$30,100 $29,783 Accrued payroll and payroll-related liabilities41,584 39,672 Unearned revenue14,358 27,083 Current portion of operating lease liabilities50,385 50,083 Accrued liabilities and other49,187 42,931 Total current liabilities185,614 189,552 Long-term debt172,353 181,641 Long-term portion of operating lease liabilities303,887 345,635 Other non-current liabilities8,455 8,755 Total liabilities670,309 725,583 Commitments and contingencies (see Note 8)Stockholders' equity (deficit):Common stock; $0.001 par value: 45,000 shares authorized; 22,050 shares issued; 17,966 and 17,403 shares outstanding as of October 5, 2025 and December 29, 202422 22 Preferred stock, $0.001 par value: 3,000 shares authorized; no shares issued and outstanding as of October 5, 2025 and December 29, 2024— — Treasury stock 4,084 and 4,647 shares, at cost, as of October 5, 2025 and December 29, 2024(