GEN Restaurant Group, Inc.
For the period ended Sep 30, 2025. Filed Nov 7, 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.
Sep 30, 2025 · Filed Nov 7, 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 Balance Sheets
| (in thousands, except share and per share information) | September 30,2025(unaudited) | December 31,2024 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $4,793 | $23,675 |
| Inventories | 884 | 727 |
| Accounts receivable | 1,021 | 3,487 |
| Income tax receivable | 747 | — |
| Prepaid expenses and other current assets | 5,761 | 6,004 |
| Total current assets | 13,206 | 33,893 |
| Property and equipment, net | 68,174 | 52,639 |
| Goodwill | 9,498 | 9,498 |
| Operating lease assets, net | 139,765 | 131,542 |
| Deferred tax asset | 12,769 | 11,686 |
| Other assets | 2,127 | 1,157 |
| Total assets | $245,539 | $240,415 |
| Liabilities and equity | ||
| Current liabilities | ||
| Accounts payable | 13,803 | 12,408 |
| Accrued salaries and benefits | 1,777 | 3,243 |
| Accrued interest | 70 | 60 |
| Notes payable, current | 4,677 | 1,724 |
| Line of credit | — | 3,000 |
| Obligations under finance leases, current | 5 | 26 |
| Operating lease liabilities, current | 6,475 | 5,221 |
| Deferred Restaurant Revitalization Fund grant | 3,806 | 3,806 |
| Gift card liabilities | 2,398 | 5,983 |
| Other current liabilities | 7,480 | 5,598 |
| Total current liabilities | 40,491 | 41,069 |
| Notes payable, net of current portion | 6,112 | 5,140 |
| Tax receivable agreement liability | 1,077 | 691 |
| Obligations under finance leases, net of current | 9 | — |
| Operating lease liabilities, net of current portion | 158,263 | 147,898 |
| Total liabilities | 205,952 | 194,798 |
| Commitments and contingencies (Note 11) | ||
| Mezzanine equity | ||
| EB-5 Members’ equity; Redeemable units for 30% of Gen Restaurant Investment, LLC, redemption amount of $1,500 as of September 30, 2025 and December 31, 2024. | 1,500 | 1,500 |
| Permanent equity | ||
| Class A common stock, $0.001 par value, 70,000,000 shares authorized, 5,259,566 shares issuedand outstanding and 4,913,064 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | 5 | 5 |
| Class B common stock, $0.001 par value, 50,000,000 shares authorized; 27,682,719 shares issued and outstanding and 27,886,912 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | 28 | 28 |
| Additional paid-in capital | 14,023 | 11,782 |
| Accumulated other comprehensive income | 74 | — |
| Retained Earnings (accumulated deficit) | (212) | 915 |
| Non-controlling interest | 24,169 | 31,387 |
| Total permanent equity | 38,087 | 44,117 |
| Total liabilities, mezzanine equity, and permanent equity | $245,539 | $240,415 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.