v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 27, 2026
Sep. 28, 2025
Sep. 27, 2026
Sep. 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
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):        
Net loss per common share Basic (in dollars per share) $ (0.79) $ (2.59) $ (1.33) $ (3.35)
Net loss per common share Diluted (in dollars per share) $ (0.79) $ (2.59) $ (1.33) $ (3.35)
Weighted average common shares outstanding: Basic (in shares) 33,647,994 32,872,423 33,438,816 32,887,768
Weighted average common shares outstanding: Diluted (in shares) 33,647,994 32,872,423 33,438,816 32,887,768