Every 10-Q that The ONE Group Hospitality, Inc. (STKS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow STKS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full STKS filings page.
The ONE Group Hospitality, Inc., operator of STK, Benihana, Kona Grill and RA, generated $200.5 million in revenue in the second quarter of 2026, down 3.3% year over year, mainly from Grill Concepts closures and removal of auto‑gratuities. Comparable sales rose 0.9%, with STK and Benihana positive and Grill Concepts negative. Restaurant operating profit increased to $32.4 million, lifting restaurant margin to 16.4% of owned restaurant net revenue as cost of sales improved to 19.5% through menu optimization, integration synergies, supply chain initiatives and pricing.
Operating income grew to $6.6 million from $0.7 million as lease‑termination and integration costs declined sharply, partly offset by higher general and administrative spending on compensation, technology (including AI‑related initiatives) and travel. Net loss attributable to the company narrowed to $2.1 million for the quarter. For the first six periods of 2026, revenue was $413.3 million, restaurant operating profit reached $72.1 million, and net income attributable to the company was $1.1 million.
After recognizing $19.3 million of paid‑in‑kind dividends and accretion on its Series A Preferred Stock, loss available to common shareholders for the first half was $18.2 million, or $0.55 per share. Long‑term financing remains significant: the company has a $350.0 million term loan and a $40.0 million revolver (with $5.0 million drawn) at a 10.2% weighted average interest rate, alongside Series A preferred stock accreting toward a $247.4 million redemption value in 2027 and substantial long‑term lease commitments.
The ONE Group Hospitality, Inc. reported first-quarter 2026 revenue of $212.8 million, up slightly from $211.1 million a year earlier, as new restaurants and a fiscal calendar shift offset softer same-store sales.
Operating income rose to $13.9 million from $10.7 million and net income to $3.2 million from $1.0 million, driven by lower cost of sales and improved restaurant margins. However, $9.4 million of paid-in-kind dividends and accretion on Series A preferred stock resulted in a net loss available to common stockholders of $6.2 million, or $0.20 per share. Adjusted EBITDA attributable to the company increased to $28.8 million. The company ended the quarter with $6.1 million in cash, $345.1 million of long-term debt and access to $33.7 million under its revolving facility, while continuing a capital-light growth strategy and converting underperforming Grill Concepts units into Benihana or STK locations.
The ONE Group Hospitality (STKS) reported a Q3 2025 net loss of $77.5M, driven largely by an income tax expense of $59.1M from establishing a valuation allowance. Quarterly revenue was $180.2M versus $194.0M a year ago, with owned restaurant operating costs and interest expense weighing on results.
Balance sheet pressure intensified: total stockholders’ equity moved to a deficit of $61.5M from $45.9M at year‑end 2024. Cash and cash equivalents were $5.5M at quarter end ($6.0M including restricted). Long‑term debt totaled $335.0M net of discounts, with a weighted average interest rate of 10.8%. The company recorded $8.5M of paid‑in‑kind dividends and accretion on its Series A Preferred Stock.
Year‑to‑date, operating cash flow was $17.2M, while capex and other investing uses were $44.2M. The revolving credit facility had $5.5M outstanding and $28.7M available, subject to conditions.