Red Robin Revenue Falls to $1.21B, Q4 EBITDA Jumps 53%
Red Robin posted 2025 revenue of $1.210 billion, down from $1.249 billion in 2024, with Q4 sales of $269.0 million and comparable-restaurant revenue declining 3.1% in the quarter. Full-year operating income was $2.8 million with a $23.3 million net loss, while Q4 operating income reached $4.0 million and adjusted EBITDA climbed 53% to $11.8 million.
1. Revenue and Same-Store Trends
Revenue fell to $1.210 billion in 2025 from $1.249 billion, with Q4 sales at $269.0 million. Comparable-restaurant revenue declined 3.1% in the quarter and 0.7% for the full year, or 3.3% and 0.3% excluding deferred loyalty revenue.
2. Operating Income and Net Loss
Full-year operating income was $2.8 million, representing 0.2% of revenues, with Q4 operating income of $4.0 million or 1.5% of sales. The chain recorded a net loss of $23.3 million for 2025 and $10.1 million in the fourth quarter.
3. Adjusted EBITDA Performance
Adjusted EBITDA rose to $69.7 million for the year and $11.8 million in Q4, marking a 53% improvement over 2024. Restaurant-level operating profit was $151.5 million (12.7% margin) for the year and $30.2 million (11.4% margin) in Q4.
4. Outlook for 2026
Guidance calls for 0.5%–1.5% comparable-restaurant revenue growth, roughly 13.0% restaurant-level operating profit margin, $70–73 million in adjusted EBITDA, and $25–30 million in capital expenditures.