Forensic Analysis · Retail / Consumer Discretionary · as of Aug 13, 2026

Red Robin Gourmet Burgers Inc (RRGB)

A forensic read on Red Robin Gourmet Burgers Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

F · Poor — capital at risk

Forensic grade

Distress

Financial health

-2.4

Distress distance

Clean

Earnings quality

Forensic signals

-3.1%

Revenue growth

The financial-health reading above compares this company's equity at BOOK value, not at what the market currently pays for it — this free snapshot doesn't pull live market data. Treat it as a rough read, not the final word.

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Red Robin Gourmet Burgers Inc earns an F (Poor — capital at risk) forensic quality grade, and its balance-sheet distress test reads -2.4, placing it in the Distress zone (based on book value, not market value, since this free snapshot doesn't pull live market data — treat this zone as a rough read, not the final word). 5 forensic signals were flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

0.6%

FY2025

Return on invested capital. Return on invested capital is 0.6% in the latest fiscal year and rising from -8% — well below its ~9% cost of capital, and it has been across FY2016–FY2025, so reinvested dollars have not been earning their keep.

+3.9%/yr

FY2022–FY2025

Share-count dilution. Diluted share count changed +12% over the last 3 years to FY2025 (+3.9%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~3.9% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~11%.

0.1% of rev

FY2025

Stock-based comp load. Stock-based compensation ran 0.1% of revenue and 24% of free cash flow in FY2025 — about $0.08 per diluted share. No cash left the business to pay it, which is why operating cash flow adds it back. Net of repurchases the diluted count still rose about 4.1% a year and that rate is not falling, so total profit has to grow by that much annually before any of it reaches a share. Stock compensation is one source of that issuance; acquisition consideration, equity raises, convertibles and other employee plans also net into the count, and these figures do not separate them.

stopped

FY2023→FY2025

Shareholder returns — halted. Capital returns have STOPPED — $10M of buybacks + dividends in FY2023, but ~$0 in FY2025. A halt usually means the company is conserving cash.

$95M

Key fundamentals

Latest Revenue$1.21B

Revenue Growth YoY-3.1%

Revenue CAGR (3yr)-1.5%

Net Margin-1.9%

Free Cash Flow$6.2M

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Data from SEC EDGAR public filings · metrics as of Aug 13, 2026. Forensic signals flag probability, not certainty.