GEN Restaurant Group, Inc.
For the period ended Jun 30, 2026. Filed Aug 10, 2026.
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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, 2026 · Filed Aug 10, 2026
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 Balance Sheets
| (in thousands, except share and per share information) | June 30,2026 | December 31,2025 |
|---|---|---|
| (unaudited) | ||
| Current assets: | ||
| Cash and cash equivalents | $5,930 | $2,824 |
| Inventories | 2,111 | 1,212 |
| Accounts receivable | 2,026 | 10,422 |
| Income tax receivable | 834 | 742 |
| Prepaid expenses and other current assets | 5,901 | 7,546 |
| Total current assets | 16,802 | 22,746 |
| Property and equipment, net | 63,281 | 65,747 |
| Goodwill | 9,498 | 9,498 |
| Operating lease assets, net | 139,519 | 146,473 |
| Deferred tax asset | 13,449 | 13,009 |
| Assets held for sale | 2,955 | — |
| Other assets | 2,280 | 2,383 |
| Total assets | $247,784 | $259,856 |
| Liabilities and equity | ||
| Current liabilities | ||
| Accounts payable | 16,538 | 14,822 |
| Accrued salaries and benefits | 2,935 | 2,450 |
| Accrued interest | 76 | 77 |
| Notes payable, current | 2,761 | 2,812 |
| Line of credit | 12,050 | 1,000 |
| Obligations under finance leases, current | 9 | 8 |
| Operating lease liabilities, current | 6,305 | 6,707 |
| Deferred Restaurant Revitalization Fund grant | 3,806 | 3,806 |
| Gift card liabilities | 6,747 | 14,669 |
| Other current liabilities | 7,247 | 7,723 |
| Total current liabilities | 58,474 | 54,074 |
| Notes payable, net of current portion | 9,205 | 10,795 |
| Tax receivable agreement liability | 1,088 | 1,088 |
| Obligations under finance leases, net of current | 10 | 14 |
| Operating lease liabilities, net of current portion | 157,848 | 165,879 |
| Lease liabilities held for sale | 3,692 | — |
| Total liabilities | 230,317 | 231,850 |
| 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 June 30, 2026 and December 31, 2025. | 1,500 | 1,500 |
| Permanent equity | ||
| Class A common stock, $0.001 par value, 70,000,000 shares authorized, 5,364,808 shares issuedand outstanding and 5,265,565 shares issued and outstanding as of June 30, 2026, and December 31, 2025, respectively | 5 | 5 |
| Class B common stock, $0.001 par value, 50,000,000 shares authorized; 27,599,810 shares issued and outstanding and 27,681,719 shares issued and outstanding as of June 30, 2026, and December 31, 2025, respectively | 28 | 28 |
| Additional paid-in capital | 16,414 | 14,796 |
| Accumulated other comprehensive income | (147) | 7 |
| Retained Earnings (accumulated deficit) | (4,031) | (2,111) |
| Non-controlling interest | 3,899 | 13,982 |
| Treasury stock | (201) | (201) |
| Total permanent equity | 15,967 | 26,506 |
| Total liabilities, mezzanine equity, and permanent equity | $247,784 | $259,856 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.