ONE Group Hospitality Inc
For the period ended Dec 31, 2024. Filed Mar 10, 2025.
View on SEC.govAbout 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.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
(in thousands, except earnings per share and related share information)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · For the year ended December 31, | ||||||
| · 2024 · 2023 | ||||||
| Revenues: · · | ||||||
| Owned restaurant net revenue | | $658,915 | | $317,366 | ||
| Management, license, franchise and incentive fee revenue | | 14,429 | | 15,403 | ||
| Total revenues | | 673,344 | | 332,769 | ||
| Cost and expenses: | | | ||||
| Owned operating expenses: | | | | | | |
| Owned restaurant cost of sales | | 138,794 | | 75,727 | ||
| Owned restaurant operating expenses | | 411,798 | | 191,250 | ||
| Total owned operating expenses | | 550,592 | | 266,977 | ||
| General and administrative (including stock-based compensation of $6,017 and $5,032 for the years ended December 31, 2024 and 2023, respectively) | | 44,170 | | 30,751 | ||
| Depreciation and amortization | | 34,096 | | 15,664 | ||
| Transition and integration expenses | | | 13,681 | | | — |
| Pre-opening expenses | | 9,488 | | 8,855 | ||
| Transaction and exit costs | | 9,326 | | 207 | ||
| Lease termination expenses | | 1,096 | | — | ||
| Other expenses | | 124 | | 1,021 | ||
| Total costs and expenses | | 662,573 | | 323,475 | ||
| Operating income | | 10,771 | | 9,294 | ||
| Other expenses, net: | | | ||||
| Interest expense, net of interest income | | 31,109 | | 7,028 | ||
| Loss on early debt extinguishment | | 4,149 | | — | ||
| Total other expenses, net | | 35,258 | | 7,028 | ||
| (Loss) income before benefit for income taxes | | (24,487) | | 2,266 | ||
| Benefit for income taxes | | (7,834) | | (1,760) | ||
| Net (loss) income | | (16,653) | | 4,026 | ||
| Less: net loss attributable to noncontrolling interest | | (829) | | (692) | ||
| Net (loss) income attributable to The ONE Group Hospitality, Inc. | | $(15,824) | | $4,718 | ||
| Series A Preferred Stock paid-in-kind dividend and accretion | | (19,142) | | — | ||
| Net (loss) income available to common stockholders | | $(34,966) | | $4,718 | ||
| | | | ||||
| Net (loss) income attributable to The ONE Group Hospitality, Inc. per share: | | | ||||
| Basic (loss) net income per share | | $(1.12) | | $0.15 | ||
| Diluted (loss) net income per share | | $(1.12) | | $0.15 | ||
| | | | ||||
| Shares used in computing basic (loss) income per share | | 31,154,765 | | 31,556,437 | ||
| Shares used in computing diluted (loss) income per share | | 31,154,765 | | 32,287,864 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.