ONE Group Hospitality, Inc.

For the period ended Dec 28, 2025. Filed Mar 19, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 19, 2026

STKS$1.01-14.4%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(in thousands, except share information)


· · December 28, · · December 31,
· · 2025 · · 2024
ASSETS · · · · ·
Current assets: · · · ·
Cash and cash equivalents	$4,168	$27,576
Credit card receivable	19,480	10,477
Restricted cash and cash equivalents	499	499
Accounts receivable	15,389	12,294
Inventory	9,839	11,318
Other current assets	7,521	6,786
Due from related parties	—	376
Total current assets	56,896	69,326

Property and equipment, net	278,195	276,120
Operating lease right-of-use assets	253,228	260,331
Goodwill	155,783	155,783
Intangibles, net	128,988	133,111
Deferred tax assets, net	—	54,282
Other assets	8,852	9,030
Security deposits	2,254	2,097
Total assets	884,196	960,080

LIABILITIES, SERIES A PREFERRED STOCK AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$36,633	$30,883
Accrued payroll expenses	19,286	23,897
Accrued expenses	46,356	48,339
Current portion of operating lease liabilities	13,803	15,294
Deferred gift card revenue and other	6,819	6,540
Current portion of long-term debt	9,302	6,125
Other current liabilities	1,017	313
Total current liabilities	133,216	131,391

Long-term debt, net of current portion, unamortized discount and debt issuance costs	334,013	328,110
Operating lease liabilities, net of current portion	293,985	293,490
Other long-term liabilities	6,319	5,758
Deferred tax liabilities, net	5,187	—
Total liabilities	772,720	758,749

Commitments and contingencies (Note 17)

Series A preferred stock, $0.0001 par value, 160,000 shares authorized; 160,000 issued and outstanding at December 28, 2025 and December 31, 2024	191,303	158,085

Stockholders’ (deficit) equity:
Common stock, $0.0001 par value, 75,000,000 shares authorized; 34,520,226 issued and 31,242,344 outstanding at December 28, 2025 and 33,994,140 shares issued and 31,037,843 outstanding at December 31, 2024	3	3
Preferred stock, other than Series A preferred stock, $0.0001 par value, 9,840,000 shares authorized; no shares issued and outstanding at December 28, 2025 and December 31, 2024, respectively	—	—
Treasury stock, at cost, 3,402,881 shares at December 28, 2025 and 3,019,654 shares at December 31, 2024	(19,308)	(18,202)
Additional paid-in capital	39,712	67,118
(Accumulated deficit) retained earnings	(93,216)	—
Accumulated other comprehensive loss	(3,029)	(3,028)
Total stockholders’ (deficit) equity	(75,838)	45,891
Noncontrolling interests	(3,989)	(2,645)
Total (deficit) equity	(79,827)	43,246
Total liabilities, Series A preferred stock and stockholders' (deficit) equity	$884,196	$960,080

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.