Ark Restaurants Financials
This page shows Ark Restaurants (ARKR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Falling sales against a sticky cost base have kept Ark unprofitable while equity absorbs more of the strain.
The debt-to-equity ratio worsened to 3.1x in FY2025 even though liabilities moved lower, which means the ratio is being driven more by a shrinking capital base than by obvious borrowing growth. Equity erosion from consecutive losses left only$32.7M supporting$101.4M of liabilities, so the balance sheet tightened as the cushion thinned.
Across FY2023-FY2025, operating margin stayed close to
Cash earnings are weakening faster than the operating line alone suggests: operating cash flow remained positive at
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Ark Restaurants's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Ark Restaurants scores 1.41, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Ark Restaurants passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Ark Restaurants generates $-0.15 in operating cash flow ($1.8M OCF vs -$11.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Ark Restaurants earns $-9.8 in operating income for every $1 of interest expense (-$4.1M vs $414K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Ark Restaurants generated $165.8M in revenue in fiscal year 2025. This represents a decrease of 9.7% from the prior year.
Ark Restaurants's EBITDA was -$1.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 245.1% from the prior year.
Ark Restaurants reported -$11.5M in net income in fiscal year 2025. This represents a decrease of 194.3% from the prior year.
Ark Restaurants earned $-3.18 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 194.4% from the prior year.
Cash & Balance Sheet
Ark Restaurants generated -$1.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 168.3% from the prior year.
Ark Restaurants held $11.3M in cash against $0 in long-term debt as of fiscal year 2025.
Ark Restaurants had 4M shares outstanding in fiscal year 2025. This represents an increase of 0.1% from the prior year.
Margins & Returns
Ark Restaurants's operating margin was -2.5% in fiscal year 2025, reflecting core business profitability. This is down 0.1 percentage points from the prior year.
Ark Restaurants's net profit margin was -6.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 4.8 percentage points from the prior year.
Ark Restaurants's ROE was -35.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 26.2 percentage points from the prior year.
Capital Allocation
Ark Restaurants invested $3.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 31.7% from the prior year.
ARKR Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $36.6M-10.2% | $40.7M+9.2% | $37.3M-14.6% | $43.7M+10.0% | $39.7M-11.7% | $45.0M+3.6% | $43.4M-13.9% | $50.4M |
| Cost of Revenue | $10.4M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $25.8M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $2.4M-25.5% | $3.2M+17.3% | $2.7M-4.0% | $2.8M-15.1% | $3.3M+5.5% | $3.1M+1.2% | $3.1M+15.7% | $2.7M |
| Operating Income | -$1.7M-251.6% | $1.1M+163.5% | -$1.7M+49.6% | -$3.4M+26.0% | -$4.6M-181.2% | $5.7M+203.1% | -$5.5M-769.8% | $824K |
| Interest Expense | $60K-16.7% | $72K-17.2% | $87K-13.9% | $101K-2.9% | $104K-14.8% | $122K-12.9% | $140K-6.0% | $149K |
| Income Tax | -$6K-110.3% | $58K-81.0% | $306K+277.8% | $81K-98.2% | $4.4M+781.5% | $503K+182.1% | -$613K-187.8% | -$213K |
| Net Income | -$1.8M-301.8% | $896K+146.7% | -$1.9M+44.5% | -$3.5M+62.7% | -$9.3M-392.6% | $3.2M+171.0% | -$4.5M-796.4% | $640K |
| EPS (Diluted) | $-0.50-300.0% | $0.25 | N/A | $-0.96+62.6% | $-2.57-392.0% | $0.88 | N/A | $0.18 |
ARKR Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $131.8M+1.0% | $130.4M-2.3% | $133.5M-2.1% | $136.3M-3.9% | $141.9M-8.2% | $154.6M-0.9% | $156.0M-6.3% | $166.5M |
| Current Assets | $18.2M+13.6% | $16.0M-10.5% | $17.8M-10.5% | $19.9M+7.8% | $18.5M-12.7% | $21.2M+16.2% | $18.2M-16.0% | $21.7M |
| Cash & Equivalents | $11.5M+25.7% | $9.1M-19.3% | $11.3M-8.1% | $12.3M+10.8% | $11.1M-15.1% | $13.1M+27.5% | $10.3M-10.4% | $11.5M |
| Inventory | $2.1M+6.6% | $2.0M-1.0% | $2.0M-4.0% | $2.1M+1.3% | $2.1M-4.3% | $2.2M-5.4% | $2.3M-7.3% | $2.5M |
| Accounts Receivable | $2.3M-8.3% | $2.5M+27.8% | $2.0M-35.0% | $3.1M-5.1% | $3.2M-24.4% | $4.3M+21.4% | $3.5M-34.6% | $5.4M |
| Goodwill | N/A | N/A | $0 | $0 | $0-100.0% | $3.4M0.0% | $3.4M-53.8% | $7.4M |
| Total Liabilities | $100.5M+3.2% | $97.3M-4.0% | $101.4M-0.7% | $102.2M-2.1% | $104.3M-1.7% | $106.1M-5.6% | $112.4M-4.2% | $117.3M |
| Current Liabilities | $20.6M-1.4% | $20.9M-9.9% | $23.2M+2.3% | $22.7M-10.2% | $25.3M-0.6% | $25.4M-11.9% | $28.9M-6.1% | $30.8M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $31.9M-5.3% | $33.7M+2.8% | $32.7M-5.6% | $34.7M-9.1% | $38.1M-19.4% | $47.3M+7.3% | $44.1M-9.8% | $48.9M |
| Retained Earnings | $17.8M-9.2% | $19.6M+4.8% | $18.7M-9.3% | $20.6M-14.3% | $24.1M-27.8% | $33.3M+10.5% | $30.2M-12.9% | $34.6M |
ARKR Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$967K-75.8% | -$550K-186.9% | $633K-65.8% | $1.9M+202.8% | $612K+145.5% | -$1.3M-284.9% | $728K-77.0% | $3.2M |
| Capital Expenditures | $1.1M-8.7% | $1.2M-23.1% | $1.6M+141.4% | $672K+108.7% | $322K-49.0% | $631K-47.9% | $1.2M+94.2% | $623K |
| Free Cash Flow | -$2.1M-17.1% | -$1.8M-81.7% | -$989K-183.7% | $1.2M+307.2% | $290K+114.7% | -$2.0M-310.2% | -$482K-119.0% | $2.5M |
| Investing Cash Flow | -$1.1M-30.8% | -$858K+30.5% | -$1.2M-3530.6% | $36K+113.4% | -$269K-105.5% | $4.9M+512.0% | -$1.2M-95.4% | -$608K |
| Financing Cash Flow | $4.4M+671.0% | -$777K-94.7% | -$399K+42.0% | -$688K+70.3% | -$2.3M-221.8% | -$721K+1.8% | -$734K+51.0% | -$1.5M |
| Dividends Paid | N/A | N/A | $0 | $0 | $0 | $0 | $0-100.0% | $676K |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ARKR Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 71.2% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -4.5%-7.2pp | 2.7%+7.3pp | -4.6%+3.2pp | -7.8%+3.8pp | -11.6%-24.3pp | 12.7%+25.4pp | -12.7%-14.4pp | 1.6% |
| Net Margin | -4.9%-7.1pp | 2.2%+7.3pp | -5.1%+2.8pp | -7.9%+15.4pp | -23.3%-30.3pp | 7.0%+17.3pp | -10.3%-11.5pp | 1.3% |
| Return on Equity | -5.7%-8.3pp | 2.7%+8.5pp | -5.9%+4.1pp | -10.0%+14.3pp | -24.3%-30.9pp | 6.7%+16.8pp | -10.1%-11.4pp | 1.3% |
| Return on Assets | -1.4%-2.1pp | 0.7%+2.1pp | -1.4%+1.1pp | -2.5%+4.0pp | -6.5%-8.6pp | 2.1%+4.9pp | -2.9%-3.2pp | 0.4% |
| Current Ratio | 0.88+0.1 | 0.760.0 | 0.77-0.1 | 0.88+0.1 | 0.73-0.1 | 0.83+0.2 | 0.63-0.1 | 0.71 |
| Debt-to-Equity | 3.15+0.3 | 2.89-0.2 | 3.10+0.2 | 2.95+0.2 | 2.74+0.5 | 2.24-0.3 | 2.55+0.1 | 2.40 |
| FCF Margin | -5.8%-1.3pp | -4.4%-1.8pp | -2.6%-5.3pp | 2.7%+2.0pp | 0.7%+5.1pp | -4.4%-3.3pp | -1.1%-6.1pp | 5.0% |
Note: The current ratio is below 1.0 (0.77), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Ark Restaurants's annual revenue?
Ark Restaurants (ARKR) reported $165.8M in total revenue for fiscal year 2025. This represents a -9.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Ark Restaurants's revenue growing?
Ark Restaurants (ARKR) revenue declined by 9.7% year-over-year, from $183.5M to $165.8M in fiscal year 2025.
Is Ark Restaurants profitable?
No, Ark Restaurants (ARKR) reported a net income of -$11.5M in fiscal year 2025, with a net profit margin of -6.9%.
What is Ark Restaurants's EBITDA?
Ark Restaurants (ARKR) had EBITDA of -$1.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Ark Restaurants's operating margin?
Ark Restaurants (ARKR) had an operating margin of -2.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Ark Restaurants's net profit margin?
Ark Restaurants (ARKR) had a net profit margin of -6.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Ark Restaurants's return on equity (ROE)?
Ark Restaurants (ARKR) has a return on equity of -35.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Ark Restaurants's free cash flow?
Ark Restaurants (ARKR) generated -$1.5M in free cash flow during fiscal year 2025. This represents a -168.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Ark Restaurants's operating cash flow?
Ark Restaurants (ARKR) generated $1.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Ark Restaurants's total assets?
Ark Restaurants (ARKR) had $133.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Ark Restaurants's capital expenditures?
Ark Restaurants (ARKR) invested $3.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Ark Restaurants's current ratio?
Ark Restaurants (ARKR) had a current ratio of 0.77 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Ark Restaurants's debt-to-equity ratio?
Ark Restaurants (ARKR) had a debt-to-equity ratio of 3.10 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ark Restaurants's return on assets (ROA)?
Ark Restaurants (ARKR) had a return on assets of -8.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Ark Restaurants's Altman Z-Score?
Ark Restaurants (ARKR) has an Altman Z-Score of 1.41, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Ark Restaurants's Piotroski F-Score?
Ark Restaurants (ARKR) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Ark Restaurants's earnings high quality?
Ark Restaurants (ARKR) has an earnings quality ratio of -0.15x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Ark Restaurants cover its interest payments?
Ark Restaurants (ARKR) has an interest coverage ratio of -9.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Ark Restaurants?
Ark Restaurants (ARKR) scores 37 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.