NASDAQ: STKS
ONE Group Hospitality, Inc.CIK 0001399520 · SIC 5812 · Eating Places
Mid
Revenue $806M
Assets $885M
as of Sep 25, 2026
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8-K
Filed Sep 24, 2026
· Period ending Sep 22, 2026
Summary not yet generated.
10-Q
Filed Aug 7, 2026
· Period ending Jun 28, 2026
Red flag
STKS swings to operating profit of $6.6M, but net loss to common narrows to -$12.0M on below-the-line items
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8-K
Filed Aug 5, 2026
· Period ending Aug 5, 2026
Summary not yet generated.
8-K
Filed Jul 7, 2026
· Period ending Jun 30, 2026
Summary not yet generated.
8-K
Filed May 19, 2026
· Period ending May 19, 2026
Summary not yet generated.
10-Q
Filed May 6, 2026
· Period ending Mar 29, 2026
Summary not yet generated.
10-K
Filed Mar 19, 2026
· Period ending Dec 28, 2025
Summary not yet generated.
10-Q
Filed Aug 5, 2025
· Period ending Jun 29, 2025
Summary not yet generated.
10-K
Filed Mar 10, 2025
· Period ending Dec 31, 2024
Summary not yet generated.
424B3
Filed Apr 30, 2018
Summary not yet generated.
S-1/A
Filed Apr 17, 2018
Summary not yet generated.
S-1
Filed Jan 2, 2018
Summary not yet generated.
424B5
Filed Nov 16, 2017
Summary not yet generated.
424B5
Filed Jan 19, 2016
Summary not yet generated.
10-K/A
Filed Apr 1, 2015
· Period ending Dec 31, 2014
Summary not yet generated.
424B3
Filed Jan 5, 2015
Summary not yet generated.
424B3
Filed Dec 16, 2014
Summary not yet generated.
S-1/A
Filed Jan 31, 2014
Summary not yet generated.
S-1
Filed Nov 15, 2013
Summary not yet generated.
424B4
Filed Oct 25, 2011
Summary not yet generated.
S-1/A
Filed Oct 19, 2011
Summary not yet generated.
S-1
Filed May 27, 2011
Summary not yet generated.
Latest financial statements
From 10-Q filed Aug 7, 2026 (period ending Jun 28, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations (Unaudited)
(Unaudited, in thousands, except income per share and related share information)
| Description | Three periods ended June 28, 2026 | Three periods ended June 29, 2025 | Six periods ended June 28, 2026 | Six periods ended June 29, 2025 |
|---|---|---|---|---|
| Revenues: | ||||
| Owned restaurant net revenue | 197,284 | 203,907 | 406,576 | 411,305 |
| Management, license, franchise and incentive fee revenue | 3,193 | 3,472 | 6,717 | 7,203 |
| Total revenues | 200,477 | 207,379 | 413,293 | 418,508 |
| Cost and expenses: | ||||
| Owned operating expenses: | ||||
| Owned restaurant cost of sales | 38,544 | 43,190 | 79,078 | 86,310 |
| Owned restaurant operating expenses | 126,317 | 129,493 | 255,353 | 258,268 |
| Total owned operating expenses | 164,861 | 172,683 | 334,431 | 344,578 |
| General and administrative (including stock-based compensation of $1,137 and $2,271 for the three and six periods ended June 28, 2026, respectively, and $1,470 and $3,102 for the three and six periods ended June 29, 2025, respectively) | 14,008 | 11,662 | 29,030 | 24,753 |
| Depreciation and amortization | 11,020 | 10,870 | 21,425 | 20,699 |
| Lease termination and restaurant closure expenses | 919 | 5,635 | 2,884 | 5,706 |
| Pre-opening expenses | 2,859 | 1,579 | 4,330 | 3,260 |
| Transition and integration expenses | 193 | 3,949 | 659 | 7,668 |
| Transaction costs | 26 | 61 | 26 | 130 |
| Other expenses | 34 | 278 | 54 | 323 |
| Total costs and expenses | 193,920 | 206,717 | 392,839 | 407,117 |
| Operating income | 6,557 | 662 | 20,454 | 11,391 |
| Other expenses, net: | ||||
| Interest expense, net of interest income | 9,623 | 10,295 | 19,369 | 20,117 |
| Total other expenses, net | 9,623 | 10,295 | 19,369 | 20,117 |
| (Loss) income before (benefit) provision for income taxes | (3,066) | (9,633) | 1,085 | (8,726) |
| (Benefit) provision for income taxes | (716) | 699 | 446 | 984 |
| Net (loss) income | (2,350) | (10,332) | 639 | (9,710) |
| Less: net loss attributable to noncontrolling interest | (228) | (228) | (441) | (581) |
| Net (loss) income attributable to The ONE Group Hospitality, Inc. | (2,122) | (10,104) | 1,080 | (9,129) |
| Series A Preferred Stock paid-in-kind dividend and accretion | (9,856) | (8,137) | (19,251) | (15,728) |
| Net loss available to common stockholders | (11,978) | (18,241) | (18,171) | (24,857) |
| Net loss per common share (as restated, see Note 10): | ||||
| Basic | (0.36) | (0.56) | (0.55) | (0.76) |
| Diluted | (0.36) | (0.56) | (0.55) | (0.76) |
| Weighted average common shares outstanding (as restated, see Note 10): | ||||
| Basic | 33,473,486 | 32,841,424 | 33,334,228 | 32,895,526 |
| Diluted | 33,473,486 | 32,841,424 | 33,334,228 | 32,895,526 |
Condensed Consolidated Balance Sheets (Unaudited)
(Unaudited, in thousands, except share information)
| Description | June 28, 2026 | December 28, 2025 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | 6,363 | 4,168 |
| Credit card receivable | 10,742 | 19,480 |
| Restricted cash and cash equivalents | 499 | 499 |
| Accounts receivable | 12,169 | 15,389 |
| Inventory | 9,613 | 9,839 |
| Other current assets | 7,714 | 7,521 |
| Total current assets | 47,100 | 56,896 |
| Property and equipment, net | 283,166 | 278,195 |
| Operating lease right-of-use assets | 259,513 | 253,228 |
| Goodwill | 155,783 | 155,783 |
| Intangibles, net | 128,941 | 128,988 |
| Other assets | 8,513 | 8,852 |
| Security deposits | 2,287 | 2,254 |
| Total assets | 885,303 | 884,196 |
| LIABILITIES, SERIES A PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT | ||
| Current liabilities: | ||
| Accounts payable | 36,635 | 36,633 |
| Accrued payroll expenses | 18,287 | 19,286 |
| Accrued expenses | 38,492 | 46,356 |
| Current portion of operating lease liabilities | 14,007 | 13,803 |
| Deferred gift card revenue and other | 5,488 | 6,819 |
| Current portion of long-term debt | 9,408 | 9,302 |
| Other current liabilities | 1,997 | 1,017 |
| Total current liabilities | 124,314 | 133,216 |
| Long-term debt, net of current portion, unamortized discount and debt issuance costs | 329,018 | 334,013 |
| Operating lease liabilities, net of current portion | 306,261 | 293,985 |
| Other long-term liabilities | 6,473 | 6,319 |
| Deferred tax liabilities, net | 5,187 | 5,187 |
| Total liabilities | 771,253 | 772,720 |
| Commitments and contingencies (Note 16) | ||
| Series A preferred stock, $0.0001 par value, 160,000 shares authorized; 160,000 issued and outstanding at June 28, 2026 and December 28, 2025 | 210,554 | 191,303 |
| Stockholders’ deficit: | ||
| Common stock, $0.0001 par value, 75,000,000 shares authorized; 34,978,920 issued and 31,684,868 outstanding at June 28, 2026 and 34,520,226 issued and 31,242,344 outstanding at December 28, 2025 | 3 | 3 |
| Preferred stock, other than Series A preferred stock, $0.0001 par value, 9,840,000 shares authorized; no shares issued and outstanding at June 28, 2026 and December 28, 2025 | — | — |
| Treasury stock, at cost, 3,402,881 shares at June 28, 2026 and December 28, 2025 | (19,308) | (19,308) |
| Additional paid-in capital | 22,423 | 39,712 |
| Accumulated deficit | (92,136) | (93,216) |
| Accumulated other comprehensive loss | (3,056) | (3,029) |
| Total stockholders’ deficit | (92,074) | (75,838) |
| Noncontrolling interests | (4,430) | (3,989) |
| Total deficit | (96,504) | (79,827) |
| Total liabilities, Series A preferred stock and stockholders' deficit | 885,303 | 884,196 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(Unaudited, in thousands)
| Description | Six periods ended June 28, 2026 | Six periods ended June 29, 2025 |
|---|---|---|
| Operating activities: | ||
| Net income (loss) | 639 | (9,710) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 21,425 | 20,699 |
| Non-cash lease termination and exit costs | 359 | 3,500 |
| Stock-based compensation | 2,271 | 3,102 |
| Amortization of debt issuance costs and debt original issuance discounts | 1,800 | 1,770 |
| Deferred taxes | — | 945 |
| Changes in operating assets and liabilities, net of acquisition: | ||
| Accounts receivable | 11,957 | 2,718 |
| Inventory | 252 | 2,014 |
| Other current assets | (268) | (1,105) |
| Security deposits | (9) | (126) |
| Other assets | 56 | (300) |
| Accounts payable | (314) | (1,486) |
| Accrued expenses | (11,341) | (9,348) |
| Operating lease liabilities and right-of-use assets | 6,205 | 1,136 |
| Other liabilities | (67) | (2,476) |
| Net cash provided by operating activities | 32,965 | 11,333 |
| Investing activities: | ||
| Purchase of property and equipment | (23,009) | (32,148) |
| Acquisition related payments, net of cash acquired | (618) | — |
| Net cash used in investing activities | (23,627) | (32,148) |
| Financing activities: | ||
| Borrowings of long-term debt | 20,000 | — |
| Repayments of long-term debt and financing lease liabilities | (26,808) | (1,011) |
| Tax-withholding obligation on stock-based compensation | (309) | (296) |
| Purchase of treasury stock | — | (905) |
| Net cash used in financing activities | (7,117) | (2,212) |
| Effect of exchange rate changes on cash | (26) | 113 |
| Net change in cash and cash equivalents and restricted cash and cash equivalents | 2,195 | (22,914) |
| Cash and cash equivalents and restricted cash and cash equivalents, beginning of period | 4,667 | 28,075 |
| Cash and cash equivalents and restricted cash and cash equivalents, end of period | 6,862 | 5,161 |
| Supplemental disclosure of cash flow data: | ||
| Interest paid, net of capitalized interest | 17,611 | 18,426 |
| Income taxes paid | 1,024 | 873 |
| Accrued purchases of property and equipment | 12,021 | 13,449 |
| Non-cash borrowings of long-term debt for acquisition | 194 | — |
| Reconciliation of cash and cash equivalents and restricted cash and cash equivalents | ||
| Cash and cash equivalents | 6,363 | 4,662 |
| Restricted cash and cash equivalents | 499 | 499 |
| Total cash and cash equivalents and restricted cash and cash equivalents as shown in the statement of cash flows | 6,862 | 5,161 |
Amounts as printed on the EDGAR/iXBRL face — (Unaudited, in thousands, except income per share and related share information); (Unaudited, in thousands, except share information); (Unaudited, in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗