GEN Restaurant Group, Inc.
For the period ended Mar 31, 2025. Filed May 13, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 13, 2025
GENK$1.42+11.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
| Three months ended March 31, | ||
|---|---|---|
| (in thousands, except per share amounts) | 2025 | 2024 |
| (unaudited) | ||
| Revenue | $57,337 | $50,760 |
| Restaurant operating expenses: | ||
| Food cost | 19,262 | 16,968 |
| Payroll and benefits | 18,189 | 16,152 |
| Occupancy expenses | 5,091 | 4,293 |
| Operating expenses | 5,926 | 5,098 |
| Depreciation and amortization | 1,993 | 1,537 |
| Pre-opening costs | 2,648 | 1,901 |
| Total restaurant operating expenses | 53,109 | 45,949 |
| General and administrative | 6,370 | 4,674 |
| Depreciation and amortization - corporate | 34 | 29 |
| Total costs and expenses | 59,513 | 50,652 |
| (Loss) income from operations | (2,176) | 108 |
| Gain on remeasurement of previously held interest (see Note 3) | — | 3,402 |
| Interest income, net | 60 | 276 |
| Equity in loss of equity method investee | — | (17) |
| Net (loss) income before income taxes | (2,116) | 3,769 |
| (Benefit) provision for income taxes | (152) | 71 |
| Net (loss) income | (1,964) | 3,698 |
| Less: Net (loss) income attributable to noncontrolling interest | (1,663) | 3,202 |
| Net (loss) income attributable to GEN Restaurant Group, Inc. | (301) | 496 |
| Net (loss) income attributable to Class A common stock per share - basic and diluted | $(301) | $496 |
| Weighted-average shares of Class A common stock outstanding - basic | 5,013 | 4,324 |
| Weighted-average shares of Class A common stock outstanding - diluted | 5,013 | 4,324 |
| Net (loss) income per share of Class A common stock - basic | $(0.06) | $0.11 |
| Net (loss) income per share of Class A common stock - diluted | $(0.06) | $0.11 |
See Note 15 for calculation of net income (loss) per share.
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