Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.25.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 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
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:    
Net (loss) income per common share Basic (in dollars per share) $ (1.12) $ 0.15
Net (loss) income per common share Diluted (in dollars 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