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$1.51+6.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| (in thousands) | 2025 | 2024 |
| (unaudited) | ||
| Cash flows from operating activities | ||
| Net (loss) income | $(7,289) | $5,929 |
| Adjustments to reconcile net (loss) income to cash provided by operating activities | ||
| Depreciation and amortization | 6,602 | 5,027 |
| Equity in income of equity method investee, net of distributions | — | 17 |
| Gain on remeasurement of previously held interest | — | (3,402) |
| Stock-based compensation | 2,202 | 2,252 |
| Amortization of operating lease assets | 5,020 | 5,415 |
| Gain on lease terminations | (471) | — |
| Interest income earned on Notes receivable from related party | — | (33) |
| Deferred tax expense | (527) | (95) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 2,466 | (1,145) |
| Inventories | (158) | (993) |
| Income tax receivable | (747) | — |
| Prepaid expenses and other current assets | 244 | (1,439) |
| Other assets | (970) | (334) |
| Accounts payable | 1,656 | 1,034 |
| Accrued salaries and benefits | (1,466) | (1,031) |
| Accrued interest | 10 | 36 |
| Gift card liabilities | (3,584) | 1,304 |
| Other current liabilities | 1,882 | (413) |
| Operating lease liabilities | (1,030) | (1,610) |
| Income tax payable | — | — |
| Net cash provided by operating activities | 3,840 | 10,519 |
| Cash flows from investing activities | ||
| Purchase of property and equipment | (22,523) | (16,682) |
| Acquisition of GKBH, net of cash acquired | — | (5,976) |
| Net cash used in investing activities | (22,523) | (22,658) |
| Cash flows from financing activities | ||
| Payments to members for advances | — | (881) |
| Payments for deferred offering costs | — | — |
| Payments on EIDL loans | (52) | (70) |
| Payments on finance leases | (11) | (91) |
| Payments on third party loans | (2,022) | (397) |
| Payment on line of credit | (3,000) | — |
| Proceeds from third party loans | 6,000 | 3,000 |
| Payments under stock repurchase plan | (200) | — |
| Distributions paid on NCI | (831) | — |
| Dividends paid on common stock | (157) | — |
| Net cash used in financing activities | (273) | 1,561 |
| Effects of exchange rate changes on cash | 74 | — |
| Net change in cash and cash equivalents | (18,882) | (10,578) |
| Cash and cash equivalents at beginning of period | 23,675 | 32,631 |
| Cash and cash equivalents at end of the period | $4,793 | $22,053 |
| Supplemental disclosures of other cash flow information: | ||
| Cash paid for interest | $3 | $169 |
| Cash paid for taxes | 462 | 114 |
| Non-cash investing and financing activities: | ||
| Reduction in accounts payable and accruals for purchases of property and equipment | 261 | 2,747 |
| Leased assets obtained in exchange for new operating lease liabilities | 14,250 | 30,698 |
| Reduction due to early lease termination of operating lease asset | (1,007) | — |
| Conversion of related party loans to equity | — | 1,436 |
| Issuance of promissory note for business acquisition | — | 3,000 |
| Adjustments to tax liabilities and assets under TRA | 171 | (444) |
| Exchange of NCI for Class A common stock | 226 | 258 |
| Contribution by stockholder in final IPO settlement | — | 1,275 |
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