ONE Group Hospitality, Inc.
For the period ended Dec 28, 2025. Filed Mar 19, 2026.
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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$0.98-3.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · For the year ended December 28, · · For the year ended December 31, | ||||||
| · · 2025 · · 2024 | ||||||
| Operating activities: · · · · · | ||||||
| Net loss | | $(93,585) | | $(17,927) | ||
| Adjustments to reconcile net loss to net cash provided by operating activities: | | | | | | |
| Depreciation and amortization | | 43,192 | | 34,096 | ||
| Non-cash lease termination and exit costs | | 5,692 | | | 692 | |
| Stock-based compensation | | 5,440 | | 6,017 | ||
| Amortization of debt issuance costs and debt original issuance discounts | | 3,570 | | 2,635 | ||
| Deferred taxes | | 59,469 | | (9,180) | ||
| Non-cash loss on early debt extinguishment | | — | | 1,674 | ||
| Loss on impairment of non-current assets | | 10,610 | | — | ||
| Changes in operating assets and liabilities, net of acquisition: | | | | | | |
| Accounts receivable and credit card receivable | | (12,099) | | 296 | ||
| Inventory | | 1,479 | | (729) | ||
| Other current assets | | (884) | | 139 | ||
| Due from related parties | | 376 | | — | ||
| Security deposits | | (157) | | (497) | ||
| Other assets | | (1,225) | | (3,133) | ||
| Accounts payable | | 6,084 | | 3,121 | ||
| Accrued expenses | | (4,935) | | 16,053 | ||
| Operating lease liabilities and right-of-use assets | | | 5,424 | | | 9,315 |
| Other liabilities | | 1,861 | | 1,616 | ||
| Net cash provided by operating activities | | 30,312 | | 44,188 | ||
| | | | | | ||
| Investing activities: | | | | | ||
| Purchase of property and equipment | | (57,591) | | (71,555) | ||
| Acquisition related payments, net of cash acquired | | — | | (369,838) | ||
| Net cash used in investing activities | | (57,591) | | (441,393) | ||
| | | | | | ||
| Financing activities: | | | | | ||
| Borrowings of long-term debt | | 22,524 | | 333,829 | ||
| Repayments of long-term debt and financing lease liabilities | | | (16,947) | | | (75,471) |
| Issuance of Series A preferred stock net of discount | | — | | 138,943 | ||
| Issuance of warrants to Series A preferred stockholders | | — | | 10,771 | ||
| Exercise of stock options | | | — | | | 242 |
| Tax-withholding obligation on stock-based compensation | | | (603) | | | (827) |
| Purchase of treasury stock | | | (1,106) | | | (3,151) |
| Net cash provided by financing activities | | | 3,868 | | | 404,336 |
| Effect of exchange rate changes on cash | | | 3 | | | (103) |
| Net change in cash and cash equivalents and restricted cash and cash equivalents | | | (23,408) | | | 7,028 |
| Cash and cash equivalents and restricted cash and cash equivalents, beginning of period | | | 28,075 | | | 21,047 |
| Cash and cash equivalents and restricted cash and cash equivalents, end of period | | $4,667 | | $28,075 | ||
| Supplemental disclosure of cash flow data: | | | | | ||
| Interest paid, net of capitalized interest | | $37,778 | | $24,501 | ||
| Income taxes paid, net of refunds | | $1,211 | | $497 | ||
| Accrued purchases of property and equipment | | $9,226 | | $11,194 | ||
| Reconciliation of cash and cash equivalents and restricted cash and cash equivalents | | | | | ||
| Cash and cash equivalents | | $4,168 | | $27,576 | ||
| Restricted cash and cash equivalents | | | 499 | | | 499 |
| Total cash and cash equivalents and restricted cash and cash equivalents as shown in the statement of cash flows | | $4,667 | | $28,075 | ||
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