GEN Restaurant Group, Inc.
For the period ended Jun 30, 2025. Filed Aug 6, 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.
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.
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Condensed Consolidated Statements of Operations
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| (in thousands, except per share amounts) | 2025 | 2024 | 2025 | 2024 |
| (unaudited) | ||||
| Revenue | $55,041 | $53,860 | $112,377 | $104,620 |
| Restaurant operating expenses: | ||||
| Food cost | 18,623 | 17,700 | 37,885 | 34,668 |
| Payroll and benefits | 16,561 | 16,362 | 34,749 | 32,514 |
| Occupancy expenses | 5,121 | 4,389 | 10,212 | 8,682 |
| Operating expenses | 5,905 | 5,358 | 11,831 | 10,457 |
| Depreciation and amortization | 2,221 | 1,706 | 4,214 | 3,243 |
| Pre-opening costs | 2,051 | 1,645 | 4,699 | 3,547 |
| Total restaurant operating expenses | 50,482 | 47,160 | 103,590 | 93,111 |
| General and administrative | 6,403 | 5,058 | 12,773 | 9,731 |
| Depreciation and amortization - corporate | 36 | 29 | 70 | 57 |
| Total costs and expenses | 56,921 | 52,247 | 116,433 | 102,899 |
| (Loss) income from operations | (1,880) | 1,613 | (4,056) | 1,721 |
| Employee retention credits | 313 | 200 | 313 | 200 |
| Gain on remeasurement of previously held interest (see Note 3) | — | — | — | 3,402 |
| Other loss | (300) | — | (300) | — |
| Loss on foreign currency | (14) | — | (14) | — |
| Interest income, net | 67 | 262 | 127 | 538 |
| Equity in loss of equity method investee | — | — | — | (17) |
| Net (loss) income before income taxes | (1,814) | 2,075 | (3,930) | 5,844 |
| (Benefit) provision for income taxes | (116) | 11 | (268) | 83 |
| Net (loss) income | (1,698) | 2,064 | (3,662) | 5,761 |
| Less: Net (loss) income attributable to non-controlling interest | (1,437) | 1,787 | (3,100) | 4,990 |
| Net (loss) income attributable to GEN Restaurant Group, Inc. | (261) | 277 | (562) | 771 |
| Net (loss) income attributable to Class A common stock per share - basic and diluted | $(261) | $277 | $(562) | $771 |
| Weighted-average shares of Class A common stock outstanding - basic and diluted | 5,132 | 4,572 | 5,073 | 4,446 |
| Net (loss) income per share of Class A common stock - basic and diluted | $(0.05) | $0.06 | $(0.11) | $0.17 |
| Other comprehensive income, net of tax: | ||||
| Foreign currency translation income | $150 | $— | $150 | $— |
| Comprehensive (loss) income | (1,548) | 2,064 | (3,512) | 5,761 |
| Less: Comprehensive (loss) income attributable to non-controlling interest | (1,310) | — | (2,973) | — |
| Comprehensive (loss) income attributable to GEN Restaurant Group, Inc. | $(238) | $2,064 | $(539) | $5,761 |
See Note 15 for calculation of net (loss) income per share.
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