ONE Group Hospitality Inc

For the period ended Dec 31, 2024. Filed Mar 10, 2025.

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.

FY2024 · Filed Mar 10, 2025

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 31, · · December 31,
· 2024 · · 2023
ASSETS · · · ·
Current assets: · ·
Cash and cash equivalents	$27,576	$21,047
Credit card receivable	10,477	7,234
Restricted cash and cash equivalents	499	—
Accounts receivable	12,294	10,030
Inventory	11,318	6,184
Other current assets	6,786	1,809
Due from related parties	376	376
Total current assets	69,326	46,680

Property and equipment, net	276,120	139,908
Operating lease right-of-use assets	260,204	95,075
Goodwill	155,783	—
Intangibles, net	133,111	15,306
Deferred tax assets, net	53,682	14,757
Other assets	9,030	4,636
Security deposits	2,097	883
Total assets	$959,353	$317,245

LIABILITIES, SERIES A PREFERRED STOCK AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$30,883	$19,089
Accrued payroll expenses	23,897	5,655
Accrued expenses	48,339	22,678
Current portion of operating lease liabilities	14,998	6,897
Deferred gift card revenue and other	6,540	2,077
Current portion of long-term debt	6,125	1,500
Other current liabilities	313	266
Total current liabilities	131,095	58,162

Long-term debt, net of current portion, unamortized discount and debt issuance costs	328,110	70,410
Operating lease liabilities, net of current portion	291,785	120,481
Other long-term liabilities	5,758	832
Total liabilities	756,748	249,885

Commitments and contingencies (Note 17)

Series A preferred stock, $0.0001 par value, 160,000 shares authorized; 160,000 issued and outstanding at December 31, 2024 and 0 issued and outstanding at December 31, 2023	158,085	—

Stockholders’ equity:
Common stock, $0.0001 par value, 75,000,000 shares authorized; 33,994,140 issued and 31,037,843 outstanding at December 31, 2024 and 33,560,428 shares issued and 31,283,975 outstanding at December 31, 2023	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 31, 2024 and December 31, 2023, respectively	—	—
Treasury stock, at cost, 3,019,654 shares at December 31, 2024 and 2,276,453 shares at December 31, 2023	(18,202)	(15,051)
Additional paid-in capital	68,392	58,270
Retained earnings	—	28,884
Accumulated other comprehensive loss	(3,028)	(2,930)
Total stockholders’ equity	47,165	69,176
Noncontrolling interests	(2,645)	(1,816)
Total stockholders' equity	44,520	67,360
Total liabilities, Series A preferred stock and stockholders' equity	$959,353	$317,245

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.