GEN Restaurant Group, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 12, 2026, reporting a net loss of $5.472 million for the third quarter.

Key Highlights

  • Q3 2026 Revenue: The company reported revenue of $48.743 million for the three months ended September 30, 2026, compared to $50.418 million in the same period of 2025, according to the filing.
  • Net Loss: GEN Restaurant Group reported a net loss of $5.472 million for Q3 2026, versus a net loss of $3.628 million in Q3 2025.
  • Loss Per Share: Net loss per share of Class A common stock, basic and diluted, was $(0.16) for the three months ended September 30, 2026, compared to $(0.11) in the prior-year quarter.
  • Nine-Month Net Loss: For the nine months ended September 30, 2026, the company reported a net loss of $17.303 million, versus $7.289 million in the same period of 2025.
  • Line of Credit: The company's line of credit balance stood at $15.250 million as of September 30, 2026, up from $1.000 million as of December 31, 2025.
  • Shares Outstanding: As of November 5, 2026, the registrant had 9,348,201 shares of Class A common stock and 25,716,476 shares of Class B common stock outstanding.
  • Assets Held for Sale: The balance sheet reflects $2.955 million in assets held for sale as of September 30, 2026, compared to zero as of December 31, 2025.

GEN Restaurant Group's Third Quarter 2026 Financial Results

According to the filing, GEN Restaurant Group, Inc. (NASDAQ:GENK) reported total revenue of $48.743 million for the three months ended September 30, 2026, a decline from $50.418 million in the comparable prior-year period. Total restaurant operating expenses for the quarter were $48.324 million, with food cost rising to $19.026 million from $17.538 million year over year. The company disclosed a loss from operations of $6.046 million for Q3 2026, compared to a loss from operations of $3.739 million in Q3 2025.

For the nine-month period ended September 30, 2026, the filing reports total revenue of $158.368 million versus $162.795 million in the same period of 2025. Total costs and expenses for the nine months reached $176.774 million, resulting in a loss from operations of $18.406 million. The company also reported a loss on lease termination and impairment of long-lived assets of $1.548 million for the nine months ended September 30, 2026, and a gain on deconsolidation of restaurants of $53 thousand in the same period.

The condensed consolidated balance sheet as of September 30, 2026 shows total assets of $247.228 million and total liabilities of $233.622 million, compared to total assets of $259.856 million and total liabilities of $231.850 million as of December 31, 2025. Total permanent equity declined to $12.106 million from $26.506 million at year-end 2025. The filing identifies the company as a non-accelerated filer, smaller reporting company, and emerging growth company. The company is incorporated in Delaware and headquartered in Cerritos, California.

What Was Disclosed

GEN Restaurant Group filed its quarterly report covering the period ended September 30, 2026, disclosing a net loss of $5.472 million for Q3 2026 and $17.303 million for the nine months year-to-date, with revenue declining from both comparable prior-year periods and the line of credit rising to $15.250 million.