The ONE Group Hospitality, Inc. filed its Form 10-Q for the quarterly period ended September 27, 2026, with the U.S. Securities and Exchange Commission on November 4, 2026, reporting a net loss of $15,745 thousand for the nine periods ended September 27, 2026.

Key Highlights

  • Total revenues for the nine periods ended September 27, 2026 were $590,251 thousand, down from $598,708 thousand in the comparable prior-year period.
  • Net loss attributable to The ONE Group Hospitality, Inc. for the nine periods ended September 27, 2026 was $15,026 thousand, compared to $85,869 thousand in the nine periods ended September 28, 2025.
  • Net loss available to common stockholders for the nine periods ended September 27, 2026 was $44,617 thousand, or $(1.33) per basic and diluted share, after Series A Preferred Stock paid-in-kind dividend and accretion of $29,591 thousand.
  • Total assets as of September 27, 2026 were $877,097 thousand, compared to $884,196 thousand at December 28, 2025.
  • Total stockholders' deficit was $(117,650) thousand as of September 27, 2026, compared to $(75,838) thousand at December 28, 2025.
  • Shares outstanding as of October 31, 2026 were 31,944,424 shares of common stock.
  • Per share and weighted average share figures are noted as restated; according to the filing, see Note 10 for details.

ONE Group Hospitality Reports Nine-Period Results Through September 27, 2026

According to the filing, The ONE Group Hospitality, Inc. (NASDAQ:STKS) reported total revenues of $176,958 thousand for the three periods ended September 27, 2026, compared to $180,200 thousand for the three periods ended September 28, 2025. For the nine-period year-to-date comparison, total revenues were $590,251 thousand versus $598,708 thousand in the prior-year period. Owned restaurant net revenue accounted for the majority of revenues in both periods, at $174,288 thousand for the third quarter and $580,864 thousand for the nine periods ended September 27, 2026.

The company reported an operating loss of $5,848 thousand for the three periods ended September 27, 2026, compared to an operating loss of $7,873 thousand in the same prior-year quarter. For the nine-period period, the company reported operating income of $14,606 thousand, compared to operating income of $3,518 thousand in the prior-year nine-period period. Interest expense, net of interest income, was $10,021 thousand for the quarter and $29,390 thousand for the nine periods, the filing disclosed. After interest expense and income taxes, the net loss for the third quarter was $16,384 thousand. The provision for income taxes was $515 thousand for the three periods and $961 thousand for the nine periods ended September 27, 2026, contrasting sharply with $59,141 thousand and $60,125 thousand in the respective prior-year periods.

The company's balance sheet as of September 27, 2026 reflected long-term debt, net of current portion, unamortized discount and debt issuance costs, of $329,958 thousand. Series A preferred stock, with 160,000 shares issued and outstanding, carried a balance of $220,894 thousand, up from $191,303 thousand at December 28, 2025. General and administrative expenses for the nine periods included stock-based compensation of $3,277 thousand, according to the filing. Pre-opening expenses for the nine periods were $7,057 thousand, compared to $3,958 thousand in the comparable prior-year period. The accumulated deficit grew to $108,242 thousand as of September 27, 2026 from $93,216 thousand at December 28, 2025.

What Was Disclosed

The ONE Group Hospitality filed a 10-Q for the period ended September 27, 2026, disclosing a nine-period net loss of $15,745 thousand, total revenues of $590,251 thousand, total assets of $877,097 thousand, and a stockholders' deficit of $117,650 thousand, with per-share figures noted as restated per Note 10.