PINSTRIPES HOLDINGS INC A (PNST) Financials
Newest figures come from the 10-Q for Q3 FY2025, filed Feb 19, 2025. Each column of the statement tables below links to the filing it was taken from.
PINSTRIPES HOLDINGS INC A (PNST) reported $128.8M in revenue over the twelve months to Jan 5, 2025, up 56.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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).
Revenue growth has been accompanied by weaker cash conversion, heavier liabilities, and financing-dependent balance-sheet support.
FY2023's reported net income of$15.8M coexisted with operating cash flow of-$1.5M , so prior accounting profit did not fund operations. In FY2024, revenue rose6.7% while operating margin fell to-18.4% , linking the deterioration to operating economics rather than merely financing costs.
Operating cash flow reached
Liabilities of
Financial Health Signals
PINSTRIPES HOLDINGS INC A does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
PINSTRIPES HOLDINGS INC A scores -1.14, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.8M) relative to total liabilities ($236.5M). 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.
PINSTRIPES HOLDINGS INC A passes 1 of 8 computable financial strength tests (1 of the nine could not be computed from available data). No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
PINSTRIPES HOLDINGS INC A reported a net loss of $6.8M while operations used $32.7M of cash. With neither figure positive, the ratio between the two carries no quality signal.
PINSTRIPES HOLDINGS INC A reported an operating loss of $21.8M against $11.7M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
PINSTRIPES HOLDINGS INC A generated $35.5M in revenue in Q3 2025. This represents an increase of 10.4% from the same quarter a year earlier. Against the prior quarter it is up 34.1%.
PINSTRIPES HOLDINGS INC A's EBITDA was -$498K in Q3 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 49.2% from the same quarter a year earlier. Against the prior quarter it is up 90.7%.
PINSTRIPES HOLDINGS INC A reported -$8.1M in net income in Q3 2025. This represents a decrease of 166.0% from the same quarter a year earlier. Against the prior quarter it is up 13.2%.
PINSTRIPES HOLDINGS INC A earned -$0.19 per diluted share (EPS) in Q3 2025. This represents a decrease of 157.6% from the same quarter a year earlier. Against the prior quarter it is up 13.6%.
Cash & Balance Sheet
PINSTRIPES HOLDINGS INC A recorded an outflow of $612K in free cash flow in Q3 2025, representing a cash shortfall after capex. This represents an increase of 87.4% from the same quarter a year earlier. Against the prior quarter it is up 87.8%.
PINSTRIPES HOLDINGS INC A held $2.4M in cash against $85.0M in long-term debt as of Q3 2025.
Not reported for Q3 2025.
Margins & Returns
PINSTRIPES HOLDINGS INC A's operating margin was -9.1% in Q3 2025, reflecting core business profitability. This is up 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 20.6 percentage points.
PINSTRIPES HOLDINGS INC A's net profit margin was -22.8% in Q3 2025, showing the share of revenue converted to profit. This is down 60.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 12.4 percentage points.
Not reported for Q3 2025.
Not reported for Q3 2025.
Capital Allocation
PINSTRIPES HOLDINGS INC A invested $8.3M in capex in Q3 2025, funding long-term assets and infrastructure. This represents an increase of 66.0% from the same quarter a year earlier. Against the prior quarter it is up 1111.7%.
Not reported for Q3 2025.
Not reported for Q3 2025.
PNST Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $35.5M+10.4% | $26.5M+7.5% | $30.6M+18.9% | $36.2M+334116.6% | $32.2M+14.1% | $24.6M | $25.7M | $11K |
| SG&A Expenses | $4.8M-8.6% | $5.1M+34.6% | $5.5M+56.0% | $7.4M | $5.3M+108.5% | $3.8M | $3.5M+1597.5% | N/A |
| Operating Income | -$3.2M-5.8% | -$7.9M-426.2% | -$7.6M-137.3% | -$14.0M-3607.7% | -$3.1M-2581.6% | -$1.5M-486.0% | -$3.2M-1158.2% | -$378K+59.0% |
| EBITDA | -$498K+49.2% | -$5.3M-2754.6% | -$5.1M-225.7% | -$11.1M-619.8% | -$981K-156.2% | $201K | -$1.6M | $2.1M |
| Interest Expense | $5.7M+127.5% | $4.9M+156.7% | $5.0M+195.2% | $5.7M | $2.5M+793.9% | $1.9M+52.5% | $1.7M+331.5% | N/A |
| Income Tax | -$138K | $63K-35.9% | $75K-68.3% | -$299K-153.2% | $0 | $98K-54.8% | $237K+118.5% | $563K |
| Net Income | -$8.1M-166.0% | -$9.3M-8461.9% | -$10.0M-52.0% | -$6.8M-614.7% | $12.2M+3224.5% | -$109K-104.8% | -$6.6M-553.9% | $1.3M-86.0% |
| EPS (Basic) | -$0.19-154.3% | -$0.22+65.6% | -$0.23+39.5% | -$0.41+37.9% | $0.35+1266.7% | -$0.64 | -$0.38 | -$0.66 |
| EPS (Diluted) | -$0.19-157.6% | -$0.22 | -$0.23 | -$0.41+37.9% | $0.33 | -$0.64 | -$0.38 | -$0.66 |
| Diluted Shares (Avg) | 44M+17.6% | 43M | 42.59B | 22M+94.4% | 37M | 12M | 12.12B | 11M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
PNST Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $162.9M-8.0% | $161.4M+276.9% | $166.6M+289.7% | $167.3M-33.9% | $177.1M-29.5% | $42.8M-82.8% | $42.7M-82.8% | $253.3M+2.2% |
| Current Assets | $8.1M-82.0% | $6.8M+1569.0% | $9.5M+1623.4% | $17.4M+695.9% | $44.9M+5759.9% | $410K-52.4% | $550K-45.0% | $2.2M+63.1% |
| Cash & Equivalents | $2.4M-94.0% | $3.2M+965.2% | $5.0M+1302.6% | $13.2M+592.1% | $39.6M+7658.4% | $305K-48.0% | $359K-49.1% | $1.9M+86.0% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $1.0M+8.5% | $860K | $892K | $949K+18.3% | $928K | N/A | N/A | $802K |
| Accounts Receivable | $1.3M-36.1% | $1.3M | $1.3M | $1.1M-13.2% | $2.1M | N/A | N/A | $1.3M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $258.6M+9.0% | $250.3M+338.3% | $245.3M+332.8% | $236.5M-10.3% | $237.3M-9.4% | $57.1M-78.0% | $56.7M-78.2% | $263.5M+1.0% |
| Current Liabilities | $73.5M-4.8% | $72.5M+982.9% | $72.3M+1196.1% | $69.9M+4098.3% | $77.2M+6219.0% | $6.7M+1016.4% | $5.6M+1595.7% | $1.7M+355.5% |
| Non-Current Liabilities | $185.1M+15.6% | $177.7M+2128.5% | $173.0M+1844.0% | $166.6M+1455.2% | $160.1M+1460.4% | $8.0M-29.7% | $8.9M-30.5% | $10.7M-24.9% |
| Long-Term Debt | $85.0M+24.6% | $77.4M | $73.1M | $70.7M+95.2% | $68.2M | N/A | N/A | $36.2M |
| Total Equity | -$95.7M-58.9% | -$88.9M-522.9% | -$78.7M-465.2% | -$69.2M-578.3% | -$60.2M-462.8% | -$14.3M-29.5% | -$13.9M-16.1% | -$10.2M+22.1% |
| Retained Earnings | -$153.2M-31.0% | -$145.1M-917.1% | -$135.8M-875.2% | -$125.8M-1133.6% | -$116.9M-992.2% | -$14.3M-29.5% | -$13.9M-16.1% | -$10.2M+22.1% |
Not reported in any period shown, so not listed: Goodwill.
PNST Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $7.7M+7118.9% | -$4.3M-793.6% | -$5.8M-9.0% | -$16.9M-3298.1% | $106K+242.0% | -$486K-308.6% | -$5.3M-1342.9% | -$496K+44.8% |
| Depreciation & Amortization | $2.7M+31.8% | $2.5M+50.1% | $2.5M+53.2% | $2.9M+16.8% | $2.1M+11.6% | $1.7M | $1.6M | $2.5M |
| Stock-Based Compensation | N/A | N/A | $546K+287.2% | N/A | N/A | N/A | $141K | N/A |
| Capital Expenditures | $8.3M+66.0% | $682K-85.0% | $2.1M-59.4% | $7.4M-34.0% | $5.0M | $4.5M | $5.2M | $11.1M |
| Free Cash Flow | -$612K+87.4% | -$5.0M+0.2% | -$7.9M+25.0% | -$24.2M-108.1% | -$4.9M | -$5.0M | -$10.6M | -$11.6M |
| Investing Cash Flow | -$8.3M-66.0% | -$682K-309.2% | -$2.1M+59.4% | -$7.4M-489.6% | -$5.0M | $326K | -$5.2M | $1.9M+100.8% |
| Financing Cash Flow | -$247K-100.7% | $3.2M+2956.6% | -$217K-101.1% | -$2.2M | $36.5M+3651800100.0% | $106K+10599900.0% | $19.7M+39396.8% | N/A |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
PNST Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -9.1%+0.4pp | -29.7%-23.7pp | -24.9%-12.4pp | -38.7% | -9.5%-9.1pp | -6.1% | -12.5% | -3492.1% |
| Net Margin | -22.8%-60.8pp | -35.2%-34.7pp | -32.7%-7.1pp | -18.8% | 38.1%+39.5pp | -0.4% | -25.6% | 12179.3% |
| Return on Assets | -5.0%-11.9pp | -5.8%-5.5pp | -6.0%+9.4pp | -4.1%-4.6pp | 6.9%+7.1pp | -0.3%-1.2pp | -15.4%-16.0pp | 0.5%-3.3pp |
| Current Ratio | 0.11-0.5x | 0.090.0x | 0.130.0x | 0.25-1.1x | 0.580.0x | 0.06-1.4x | 0.10-2.9x | 1.31-2.4x |
| Asset Turnover | 0.220.0x | 0.16-0.4x | 0.18-0.4x | 0.22+0.2x | 0.18+0.1x | 0.57 | 0.60 | 0.00 |
| FCF Margin | -1.7%+13.4pp | -19.0%+1.5pp | -25.9%+15.1pp | -66.9% | -15.2% | -20.4% | -41.0% | -107481.1% |
Not reported in any period shown, so not listed: Gross Margin, Return on Equity, Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$69.2M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.25), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| PINSTRIPES HOLDINGS INC A PNST | FY2024 | $118.7M | -$6.8M | -5.7% | $1.8M | — |
| NOBLE ROMAN'S INC NROM | FY2025 | $16.5M | $1.2M | 7.1% | $13.9M | — |
| FAST CASUAL CONCEPTS INC FCCI | FY2025 | $66K | $792 | 1.2% | $26.1M | — |
Where PINSTRIPES HOLDINGS INC A Ranks
Frequently Asked Questions
What is PINSTRIPES HOLDINGS INC A's annual revenue?
PINSTRIPES HOLDINGS INC A (PNST) reported $118.7M in total revenue for fiscal year 2024. This represents a 6.7% 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 PINSTRIPES HOLDINGS INC A's revenue growing?
PINSTRIPES HOLDINGS INC A (PNST) revenue grew by 6.7% year-over-year, from $111.3M to $118.7M in fiscal year 2024.
Is PINSTRIPES HOLDINGS INC A profitable?
No, PINSTRIPES HOLDINGS INC A (PNST) reported a net income of -$6.8M in fiscal year 2024, with a net profit margin of -5.7%.
What is PINSTRIPES HOLDINGS INC A's EBITDA?
PINSTRIPES HOLDINGS INC A (PNST) had EBITDA of -$13.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does PINSTRIPES HOLDINGS INC A have?
As of fiscal year 2024, PINSTRIPES HOLDINGS INC A (PNST) had $13.2M in cash and equivalents against $70.7M in long-term debt.
What is PINSTRIPES HOLDINGS INC A's operating margin?
PINSTRIPES HOLDINGS INC A (PNST) had an operating margin of -18.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is PINSTRIPES HOLDINGS INC A's net profit margin?
PINSTRIPES HOLDINGS INC A (PNST) had a net profit margin of -5.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is PINSTRIPES HOLDINGS INC A's free cash flow?
PINSTRIPES HOLDINGS INC A (PNST) recorded an outflow of $54.8M in free cash flow during fiscal year 2024. This represents a -279.4% 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 PINSTRIPES HOLDINGS INC A's operating cash flow?
PINSTRIPES HOLDINGS INC A (PNST) recorded an outflow of $32.7M in operating cash flow during fiscal year 2024, representing cash used by core business activities.
What are PINSTRIPES HOLDINGS INC A's total assets?
PINSTRIPES HOLDINGS INC A (PNST) had $167.3M in total assets as of fiscal year 2024, including both current and long-term assets.
What are PINSTRIPES HOLDINGS INC A's capital expenditures?
PINSTRIPES HOLDINGS INC A (PNST) invested $22.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is PINSTRIPES HOLDINGS INC A's current ratio?
PINSTRIPES HOLDINGS INC A (PNST) had a current ratio of 0.25 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is PINSTRIPES HOLDINGS INC A's return on assets (ROA)?
PINSTRIPES HOLDINGS INC A (PNST) had a return on assets of -4.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
How does PINSTRIPES HOLDINGS INC A's liquidity compare with its operating cash outflow?
At the end of fiscal year 2024, PINSTRIPES HOLDINGS INC A (PNST) held $13.2M in cash, cash equivalents and investments, and reported an operating cash outflow of $32.7M over that year. Dividing the one by the other, the reported balance equals about 5 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is PINSTRIPES HOLDINGS INC A's debt-to-equity ratio negative or not reported?
PINSTRIPES HOLDINGS INC A (PNST) has negative shareholder equity of -$69.2M as of fiscal year 2024, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is PINSTRIPES HOLDINGS INC A's Altman Z-Score?
PINSTRIPES HOLDINGS INC A (PNST) has an Altman Z-Score of -1.14, 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 PINSTRIPES HOLDINGS INC A's Piotroski F-Score?
PINSTRIPES HOLDINGS INC A (PNST) has a Piotroski F-Score of 1 out of 8 computable signals; 1 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 PINSTRIPES HOLDINGS INC A's earnings high quality?
PINSTRIPES HOLDINGS INC A (PNST) reported a net loss of $6.8M while operations used $32.7M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 PINSTRIPES HOLDINGS INC A cover its interest payments?
PINSTRIPES HOLDINGS INC A (PNST) reported an operating loss of $21.8M against $11.7M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.