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- Stockholders' Equity Turned to a Deficit of $92.1m (worsened) — The company's net assets deteriorated from a $23.0M equity position to a $92.1M deficit, driven by preferred stock accretion and removal of deferred tax assets.
- Deferred Tax Assets Removed From Balance Sheet (removed) — The company no longer reports a $53.3M deferred tax asset, instead showing a $5.2M deferred tax liability, indicating a major reclassification or valuation allowance change.
STKS swings to operating profit of $6.6M, but net loss to common narrows to -$12.0M on below-the-line items
Filed August 7, 2026 · Period ending June 28, 2026 · Compared to 10-Q Aug 5, 2025 · ~1 min read
Key Changes
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high
Operating income swung to $6.6M from $0.7M, driven by lower integration and lease termination costs, while revenue fell 3.3% to $200.5M.
MD&A: Operating income verify on EDGAR → -
high
Stockholders' equity swung to a deficit of -$92.1M from +$23.0M, driven by preferred stock accretion and removal of deferred tax assets.
Notes: Balance sheet verify on EDGAR → -
medium
Restaurant operating profit improved 3.8% to $32.4M, with same-store sales up 0.9% after a 4.1% decline last year.
MD&A: Restaurant operating profit verify on EDGAR →
1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 25, 2026 · How we verify