Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 30, 2025
Mar. 31, 2024
Revenues:    
Owned restaurant net revenue $ 207,398 $ 81,508
Management, license, franchise and incentive fee revenue 3,731 3,487
Total revenues 211,129 84,995
Owned operating expenses:    
Owned restaurant cost of sales 43,120 18,714
Owned restaurant operating expenses 128,775 49,638
Total owned operating expenses 171,895 68,352
General and administrative (including stock-based compensation of $1,632 and 1,358 for the three periods ended March 30, 2025 and the three months ended March 31, 2024, respectively) 13,091 7,534
Depreciation and amortization 9,829 5,260
Transaction and exit costs 69 1,523
Transition and integration expenses 3,719  
Pre-opening expenses 1,681 2,914
Lease termination expenses 71  
Other expenses 45 32
Total costs and expenses 200,400 85,615
Operating income (loss) 10,729 (620)
Other expenses, net:    
Interest expense, net of interest income 9,822 2,078
Total other expenses, net 9,822 2,078
Income (loss) before provision (benefit) for income taxes 907 (2,698)
Provision (benefit) for income taxes 285 (268)
Net income (loss) 622 (2,430)
Less: net loss attributable to noncontrolling interest (353) (361)
Net income (loss) attributable to The ONE Group Hospitality, Inc. 975 (2,069)
Series A Preferred Stock paid-in-kind dividend and accretion (7,591)  
Net (loss) available to common stockholders $ (6,616) $ (2,069)
Net (loss) per common share:    
Net (loss) income per common share Basic (in dollars per share) $ (0.21) $ (0.07)
Net (loss) income per common share Diluted (in dollars per share) $ (0.21) $ (0.07)
Weighted average common shares outstanding: Basic (in shares) 31,045,156 31,306,417
Weighted average common shares outstanding: Diluted (in shares) 31,045,156 31,306,417