v3.26.3
Loss Per Share
9 Months Ended
Sep. 27, 2026
Loss Per Share  
Loss Per Share

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Note 10 – Loss Per Share

Basic loss per share is computed using the weighted average number of common shares outstanding and penny warrants during the period and net loss available to common stockholders. Diluted loss per share is computed using the weighted average number of common shares outstanding during the period and excludes the dilutive effect of potential shares of common stock including common stock issuable pursuant to stock options, warrants, and restricted stock units. The two-class method for computing earnings per share will be utilized when applicable.

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For the three periods ended September 27,

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For the three periods ended September 28, 2025

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For the nine periods ended September 27,

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For the nine periods ended September 28, 2025

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2026

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(as restated)

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2026

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(as restated)

Net loss attributable to The ONE Group Hospitality, Inc.

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$

(16,106)

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$

(76,740)

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$

(15,026)

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$

(85,869)

Series A Preferred Stock paid-in-kind dividend and accretion

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(10,340)

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(8,535)

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(29,591)

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(24,263)

Net loss available to common stockholders

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(26,446)

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(85,275)

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(44,617)

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(110,132)

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Basic weighted average shares outstanding

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33,647,994

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32,872,423

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33,438,816

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32,887,768

Dilutive effect of stock options, warrants and restricted share units

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—

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—

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—

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—

Diluted weighted average shares outstanding

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33,647,994

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32,872,423

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33,438,816

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32,887,768

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Basic net loss per common share

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$

(0.79)

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$

(2.59)

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$

(1.33)

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$

(3.35)

Diluted net loss per common share

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$

(0.79)

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$

(2.59)

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$

(1.33)

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$

(3.35)

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For the three periods ended September 27, 2026 and September 28, 2025, 1.8 million and 1.7 million, respectively, of stock options, warrants and restricted share units were determined to be anti-dilutive and were therefore excluded from the calculation of diluted earnings per share. For the nine periods ended September 27, 2026 and September 28, 2025, respectively, 1.8 million and 1.6 million of stock options, warrants and restricted share units were anti-dilutive.

Subsequent to the issuance of the September 28, 2025 condensed consolidated financial statements, management identified an error in the loss per share calculation due to the Company incorrectly excluding 1.9 million of penny warrants from basic weighted average common shares outstanding. The above table has been restated to include the penny warrants in the weighted average common shares outstanding for the three and nine periods ended September 28, 2025. The 1.9 million of penny warrants were also removed from the previously reported anti-dilutive share totals for the three and nine periods ended September 28, 2025. The loss per share has been restated in the above table from $2.75 and $3.55 per share previously reported for the three periods and nine periods ended September 28, 2025, respectively. Amounts for basic and diluted loss per share and weighted average common shares have also been restated in the Condensed Consolidated Statements of Operations. Management considered both quantitative and qualitative factors and determined that the impact of the error is immaterial to prior periods.