GEN Restaurant Group, Inc.
For the period ended Jun 30, 2025. Filed Aug 6, 2025.
View on SEC.govAbout this filing
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.
Jun 30, 2025 · Filed Aug 6, 2025
GENK$1.42+11.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Changes in Permanent Equity (Deficit)
(unaudited)
Six months ended June 30, 2025 and June 30, 2024
| Class ACommon Stock · Class BCommon Stock · Additionalpaid-in · Retained · Non-Controlling · Stockholders'Equity/Members'equity | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (in thousands except for share amounts ) · Shares · Amount · Shares · Amount · capital · Earnings · Interest · (deficit) | |||||||||||||
| Balance, December 31, 2023 | 4,140,000 | $4 | 28,141,566 | $28 | $7,112 | $322 | $28,552 | $36,018 | |||||
| Net income | 496 | 3,202 | 3,698 | ||||||||||
| Stock-based compensation | 759 | 759 | |||||||||||
| Adjustment to tax liabilities and assets under Tax Receivable Agreement ("TRA") (1) | (113) | (113) | |||||||||||
| Shares issued upon RSU vesting | 117,304 | — | |||||||||||
| Exchange of non-controlling interest for Class A common stock | 254,654 | (254,654) | 258 | (258) | — | ||||||||
| Balance, March 31, 2024 | 4,511,958 | $4 | 27,886,912 | $28 | $8,016 | $818 | $31,496 | $40,362 | |||||
| Net income | 277 | 1,787 | 2,064 | ||||||||||
| Stock-based compensation | 759 | 759 | |||||||||||
| Issuance of Class A common stock | 237,593 | 1,436 | 1,436 | ||||||||||
| Contribution by stockholder in final IPO settlement | 1,275 | 1,275 | |||||||||||
| Balance, June 30, 2024 | 4,749,551 | $4 | 27,886,912 | $28 | $11,486 | $1,095 | $33,283 | $45,896 | |||||
(1) See Note 12 - Tax Receivable Agreement, for more information.
| Class ACommon Stock · Class BCommon Stock · Additionalpaid-in · AccumulatedOtherComprehensiveGain (Loss) · Retained · Non-Controlling · Stockholders'Equity/Members'equity | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (in thousands except for share amounts ) · Shares · Amount · Shares · Amount · capital · Earnings · Interest | ||||||||||||||||||||||
| Balance, December 31, 2024 | 4,913,064 | $5 | 27,886,912 | $28 | $11,782 | $— | $915 | $31,387 | $44,117 | |||||||||||||
| Net loss | (301) | (1,663) | (1,964) | |||||||||||||||||||
| Stock-based compensation | 734 | 734 | ||||||||||||||||||||
| Adjustment to tax liabilities and assets under TRA | 105 | 105 | ||||||||||||||||||||
| Exchange of non-controlling interest for Class A common stock | 125,397 | (125,397) | 142 | — | (142) | - | ||||||||||||||||
| Purchase of Class A common stock under stock repurchase plan | (200) | (200) | ||||||||||||||||||||
| Balance, March 31, 2025 | 5,038,461 | $5 | 27,761,515 | $28 | $12,563 | $ | - | $615 | $29,582 | $42,792 | ||||||||||||
| Net loss | (261) | (1,437) | (1,698) | |||||||||||||||||||
| Foreign currency translation adjustment | 150 | 150 | ||||||||||||||||||||
| Stock-based compensation | 93,794 | — | 734 | 734 | ||||||||||||||||||
| Adjustment to tax liabilities and assets under TRA | 36 | 36 | ||||||||||||||||||||
| Exchange of non-controlling interest for Class A common stock | 78,796 | — | (78,796) | — | 84 | — | (84) | — | ||||||||||||||
| Dividends paid $0.03 per share | (157) | (157) | ||||||||||||||||||||
| Distributions paid to Non-controlling interest - $0.03 per share | (1) | (831) | (831) | |||||||||||||||||||
| Balance, June 30, 2025 | 5,211,051 | $5 | 27,682,719 | $28 | $13,259 | $150 | $354 | $27,230 | $41,026 | |||||||||||||
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