NASDAQ: STKS
ONE Group Hospitality, Inc.CIK 0001399520 · SIC 5812 · Eating Places
Mid
Revenue $806M
Assets $885M
as of Nov 1, 2026
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8-K
Filed Nov 4, 2026
· Period ending Nov 4, 2026
Summary not yet generated.
10-Q
Filed Nov 4, 2026
· Period ending Sep 27, 2026
Summary not yet generated.
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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 Nov 6, 2025
· Period ending Sep 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 Nov 4, 2026 (period ending Sep 27, 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 September 27, 2026 | Three periods ended September 28, 2025 | Nine periods ended September 27, 2026 | Nine periods ended September 28, 2025 |
|---|---|---|---|---|
| Revenues: | ||||
| Owned restaurant net revenue | 174,288 | 177,424 | 580,864 | 588,729 |
| Management, license, franchise and incentive fee revenue | 2,670 | 2,776 | 9,387 | 9,979 |
| Total revenues | 176,958 | 180,200 | 590,251 | 598,708 |
| Cost and expenses: | ||||
| Owned operating expenses: | ||||
| Owned restaurant cost of sales | 33,936 | 37,412 | 113,014 | 123,722 |
| Owned restaurant operating expenses | 117,283 | 119,901 | 372,636 | 378,169 |
| Total owned operating expenses | 151,219 | 157,313 | 485,650 | 501,891 |
| General and administrative (including stock-based compensation of $1,006 and $3,277 for the three and nine periods ended September 27, 2026, respectively, and $1,246 and $4,348 for the three and nine periods ended September 28, 2025, respectively) | 13,323 | 13,274 | 42,353 | 38,027 |
| Depreciation and amortization | 11,727 | 11,530 | 33,152 | 32,229 |
| Loss on impairment of long-lived assets | — | 3,386 | — | 3,386 |
| Lease termination and restaurant closure expenses (income) | 1,362 | (278) | 4,246 | 5,428 |
| Pre-opening expenses | 2,727 | 698 | 7,057 | 3,958 |
| Transition and integration expenses | 2,364 | 2,607 | 3,023 | 10,275 |
| Transaction costs | — | 13 | 26 | 143 |
| Other expenses (income) | 84 | (470) | 138 | (147) |
| Total costs and expenses | 182,806 | 188,073 | 575,645 | 595,190 |
| Operating (loss) income | (5,848) | (7,873) | 14,606 | 3,518 |
| Other expenses, net: | ||||
| Interest expense, net of interest income | 10,021 | 10,483 | 29,390 | 30,600 |
| Total other expenses, net | 10,021 | 10,483 | 29,390 | 30,600 |
| Loss before provision for income taxes | (15,869) | (18,356) | (14,784) | (27,082) |
| Provision for income taxes | 515 | 59,141 | 961 | 60,125 |
| Net loss | (16,384) | (77,497) | (15,745) | (87,207) |
| Less: net loss attributable to noncontrolling interest | (278) | (757) | (719) | (1,338) |
| Net loss attributable to The ONE Group Hospitality, Inc. | (16,106) | (76,740) | (15,026) | (85,869) |
| Series A Preferred Stock paid-in-kind dividend and accretion | (10,340) | (8,535) | (29,591) | (24,263) |
| Net loss available to common stockholders | (26,446) | (85,275) | (44,617) | (110,132) |
| Net loss per common share (as restated, see Note 10): | ||||
| Basic | (0.79) | (2.59) | (1.33) | (3.35) |
| Diluted | (0.79) | (2.59) | (1.33) | (3.35) |
| Weighted average common shares outstanding (as restated, see Note 10): | ||||
| Basic | 33,647,994 | 32,872,423 | 33,438,816 | 32,887,768 |
| Diluted | 33,647,994 | 32,872,423 | 33,438,816 | 32,887,768 |
Condensed Consolidated Balance Sheets (Unaudited)
(Unaudited, in thousands, except share information)
| Description | September 27, 2026 | December 28, 2025 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | 3,574 | 4,168 |
| Credit card receivable | 10,139 | 19,480 |
| Restricted cash and cash equivalents | 499 | 499 |
| Accounts receivable | 11,201 | 15,389 |
| Inventory | 9,388 | 9,839 |
| Other current assets | 7,880 | 7,521 |
| Total current assets | 42,681 | 56,896 |
| Property and equipment, net | 281,510 | 278,195 |
| Operating lease right-of-use assets | 257,578 | 253,228 |
| Goodwill | 155,783 | 155,783 |
| Intangibles, net | 128,915 | 128,988 |
| Other assets | 8,371 | 8,852 |
| Security deposits | 2,259 | 2,254 |
| Total assets | 877,097 | 884,196 |
| LIABILITIES, SERIES A PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT | ||
| Current liabilities: | ||
| Accounts payable | 40,291 | 36,633 |
| Accrued payroll expenses | 17,713 | 19,286 |
| Accrued expenses | 43,119 | 46,356 |
| Current portion of operating lease liabilities | 16,324 | 13,803 |
| Deferred gift card revenue and other | 5,320 | 6,819 |
| Current portion of long-term debt | 9,465 | 9,302 |
| Other current liabilities | 819 | 1,017 |
| Total current liabilities | 133,051 | 133,216 |
| Long-term debt, net of current portion, unamortized discount and debt issuance costs | 329,958 | 334,013 |
| Operating lease liabilities, net of current portion | 303,984 | 293,985 |
| Other long-term liabilities | 6,381 | 6,319 |
| Deferred tax liabilities, net | 5,187 | 5,187 |
| Total liabilities | 778,561 | 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 September 27, 2026 and December 28, 2025 | 220,894 | 191,303 |
| Stockholders’ deficit: | ||
| Common stock, $0.0001 par value, 75,000,000 shares authorized; 35,205,282 issued and 31,939,118 outstanding at September 27, 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 September 27, 2026 and December 28, 2025 | — | — |
| Treasury stock, at cost, 3,402,881 shares at September 27, 2026 and December 28, 2025 | (19,308) | (19,308) |
| Additional paid-in capital | 12,954 | 39,712 |
| Accumulated deficit | (108,242) | (93,216) |
| Accumulated other comprehensive loss | (3,057) | (3,029) |
| Total stockholders’ deficit | (117,650) | (75,838) |
| Noncontrolling interests | (4,708) | (3,989) |
| Total deficit | (122,358) | (79,827) |
| Total liabilities, Series A preferred stock and stockholders' deficit | 877,097 | 884,196 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(Unaudited, in thousands)
| Description | Nine periods ended September 27, 2026 | Nine periods ended September 28, 2025 |
|---|---|---|
| Operating activities: | ||
| Net loss | (15,745) | (87,207) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 33,152 | 32,229 |
| Non-cash lease termination and restaurant closure expenses | 982 | 3,383 |
| Stock-based compensation | 3,277 | 4,348 |
| Amortization of debt issuance costs and debt original issuance discounts | 2,700 | 2,670 |
| Deferred taxes | — | 59,728 |
| Loss on impairment of long-lived assets | — | 3,386 |
| Changes in operating assets and liabilities, net of acquisition: | ||
| Accounts receivable | 13,536 | 2,097 |
| Inventory | 477 | 2,730 |
| Other current assets | (472) | (4,524) |
| Due from related parties | — | 376 |
| Security deposits | 19 | (164) |
| Other assets | (12) | (937) |
| Accounts payable | 3,254 | 3,524 |
| Accrued expenses | (6,122) | (3,645) |
| Operating lease liabilities and right-of-use assets | 8,190 | 1,784 |
| Other liabilities | (1,442) | (2,556) |
| Net cash provided by operating activities | 41,794 | 17,222 |
| Investing activities: | ||
| Purchase of property and equipment | (34,628) | (44,172) |
| Acquisition related payments, net of cash acquired | (618) | — |
| Net cash used in investing activities | (35,246) | (44,172) |
| Financing activities: | ||
| Borrowings of long-term debt | 30,000 | 11,524 |
| Repayments of long-term debt and financing lease liabilities | (36,671) | (5,027) |
| Tax-withholding obligation on stock-based compensation | (444) | (569) |
| Purchase of treasury stock | — | (1,106) |
| Net cash (used in) provided by financing activities | (7,115) | 4,822 |
| Effect of exchange rate changes on cash | (27) | 100 |
| Net change in cash and cash equivalents and restricted cash and cash equivalents | (594) | (22,028) |
| 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 | 4,073 | 6,047 |
| Supplemental disclosure of cash flow data: | ||
| Interest paid, net of capitalized interest | 26,692 | 27,992 |
| Income taxes paid, net of refunds | 1,020 | 931 |
| Accrued purchases of property and equipment | 10,935 | 13,368 |
| 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 | 3,574 | 5,548 |
| 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 | 4,073 | 6,047 |
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 ↗